Overview
What is South Dakota Development Corporation?
South Dakota Development Corporation is a nonprofit organization situated in Sioux Falls, South Dakota. With a modest workforce of 4 individuals, its primary mission is to boost the economic development and social welfare of the state by supporting and aiding the growth and development of businesses, particularly small businesses, within South Dakota. The organization aims to enhance employment opportunities and expand business and industry within the state, thereby benefiting its citizens. The nonprofit operates from 196 EAST 6TH STREET SUITE 200, Sioux Falls, SD 57104.
Is South Dakota Development Corporation legitimate?
South Dakota Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Dakota Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,445
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,492
For more financial information, click here
What is the mission statement of South Dakota Development Corporation?
The South Dakota Development Corporation aims to contribute positively to the state by promoting increased employment opportunities and the expansion of businesses and industries for its citizens. This organization works towards fostering the economic development and social welfare of South Dakota by supporting and assisting in the growth and development of businesses within the state, including small enterprises. By doing so, the corporation aims to benefit the state as a whole.
What is the revenue of South Dakota Development Corporation?
South Dakota Development Corporation's revenue in 2023 was $640,183.
Who are the executives of South Dakota Development Corporation and what are their salaries?
The average compensation at South Dakota Development Corporation during 2023 was $75,734. There are 4 employees at South Dakota Development Corporation.
Here are 21 key members and their salaries:
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Where can I find the form 990 for South Dakota Development Corporation?
South Dakota Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of South Dakota Development Corporation
South Dakota Development Corporation, a state-focused entity, is committed to enhancing the well-being of its citizens by stimulating increased employment opportunities and fostering the expansion of businesses and industries within South Dakota. The corporation actively works towards promoting and supporting the growth and development of various business concerns within the state, with a particular emphasis on small businesses. By doing so, South Dakota Development Corporation contributes significantly to the economic development of South Dakota, ultimately benefiting the state as a whole.
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Impact
October, 2024
South Dakota Development Corporation plays a vital role in enhancing the economic landscape of the state. By focusing on increasing employment opportunities and supporting business expansion, it actively contributes to the growth of both small and large enterprises in South Dakota. Situated in Sioux Falls, the organization aims to bolster the state’s economic development and social welfare through strategic initiatives that promote business growth. This commitment not only creates jobs but also strengthens the overall community, fostering a more prosperous environment for the citizens of South Dakota. Through its efforts, the corporation effectively aids in the cultivation of a dynamic and thriving economy, benefiting individuals and businesses alike.
This information is meant to be a general summary of South Dakota Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,897
- Program Service Revenue: $487,286
- Gross Receipts: $640,183
Assets and Liabilities:
- Total Assets: $115,137
- Total Liabilities: $275,130
- Net Assets: -$159,993
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE INCOME
Revenue
$454,277
OTHER INCOME
Revenue
$33,009
Organization Details
Founding Year
1983
Principal Officer
Jennifer Oberg
NTEE Category
Code: S30 - Community improvement
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