Overview
What is Grow South Dakota?
Grow South Dakota is a nonprofit organization, headquartered at 104 ASH STREET EAST in Sisseton, South Dakota (57262), dedicated to stimulating economic growth, housing development, and educational opportunities in underdeveloped communities and underserved markets within the state. As part of its mission, Grow South Dakota owns and leases two school buildings to the Oglala Lakota School District through an agreement that lasts for an unspecified period. The organization's primary objective is to foster sustainable development and enhance educational prospects in distressed areas, thereby contributing to South Dakota's overall progress.
Official website here: www.growsd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Grow South Dakota has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance, with a score of 81%. This rating indicates that the organization generally operates with a transparent and responsible financial management system, which is critical for building trust with donors and stakeholders.
The nonprofit excels in maintaining an independent board, with 100% of its members being independent, and has demonstrated high standards in oversight through its audit and financial reporting practices. Program expenses are notably high at 97.52%, suggesting that a significant portion of its resources is directed towards its mission-driven activities, which is a positive indicator of its commitment to community service.
However, despite its strong points, the organization received a lower score in the liabilities to assets ratio, suggesting potential concerns about its financial structure. Future assessments may benefit from additional focus on improving this aspect to enhance overall sustainability and fiscal health.
This AI summary has been generated from information found on Charity Navigator.
Is Grow South Dakota legitimate?
Grow South Dakota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grow South Dakota 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: $23,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,876
For more financial information, click here
Official website here: www.growsd.org
What is the mission statement of Grow South Dakota?
Grow South Dakota is a nonprofit corporation with a primary objective to stimulate economic growth, facilitate housing development, and provide educational opportunities in distressed communities and underserved markets within South Dakota. Its mission is to promote and foster these developments, aiming to revitalize and improve the living conditions in these areas. Through its activities, Grow South Dakota strives to create a more prosperous and sustainable future for these communities. As an example, the organization has engaged in the New Market Tax Credit Program, leasing two school buildings to the Oglala Lakota School District.
Official website here: www.growsd.org
Who is the CEO of Grow South Dakota?
Lori Finnesand is the Chief Execut of Grow South Dakota.
Official website here: www.growsd.org
What is the revenue of Grow South Dakota?
Grow South Dakota's revenue in 2023 was $3,106,545.
Official website here: www.growsd.org
Who are the executives of Grow South Dakota and what are their salaries?
There 7 volunteers at Grow South Dakota.
Here are 10 key members and their salaries:
- Compensation: $8,270
- Related: $0
- Other: $0
- Compensation: $8,270
- Related: $0
- Other: $0
- Compensation: $6,695
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.growsd.org
Where can I find the form 990 for Grow South Dakota?
Grow South Dakota's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.growsd.org
Learn more at the official website: www.growsd.org
Mission Statement of Grow South Dakota
Grow South Dakota, a nonprofit corporation, is dedicated to stimulating economic growth, fostering housing development, and expanding educational opportunities in distressed communities and underserved markets within South Dakota. Their primary objective is to revitalize these areas, aiming to create a more prosperous and inclusive society. By promoting these initiatives, Grow South Dakota aims to uplift these communities and provide them with the resources and opportunities they need to thrive.
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Impact
July, 2024
Grow South Dakota's impact can be seen through its efforts to promote economic growth, housing development, and educational opportunities in distressed communities and underserved markets in South Dakota. Through initiatives like the New Market Tax Credit Program, Grow South Dakota plays a significant role in providing resources and support to communities in need. For instance, owning and leasing school buildings to the Oglala Lakota School District demonstrates the organization's commitment to improving educational opportunities for students in marginalized areas. By focusing on community improvement, Grow South Dakota is actively working towards creating a more equitable and prosperous future for residents in South Dakota.
This information is meant to be a general summary of Grow South Dakota. 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: $21,202
- Program Service Revenue: $1,118,755
- Gross Receipts: $3,106,545
Assets and Liabilities:
- Total Assets: $56,863,772
- Total Liabilities: $56,294,140
- Net Assets: $569,632
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - LOANS
Revenue
$426,759
LEASE INTEREST INCOME
Revenue
$359,566
APARTMENT REVENUE
Revenue
$231,774
ORGANIZATION FEES
Revenue
$43,723
LEASE FEE INCOME
Revenue
$41,784
Organization Details
Founding Year
2007
Phone
(605) 698-7654Principal Officer
Lori Finnesand
Main Address
104 ASH STREET EAST, SISSETON, SD, 57262
Website
www.growsd.orgNTEE Category
Code: S30 - Community improvement
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