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Enterprise Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 710879071 ✦ Brookings, SD ✦ Designated as a 501(c)(3)

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Overview

What is Enterprise Institute?

The Enterprise Institute, situated in Brookings, South Dakota, serves as a business resource center. It offers confidential consulting services to independent inventors, researchers, and high-growth entrepreneurs within its regional community. Its mission is to bolster educational, commercialization, research, and business development opportunities for faculty and students at local educational institutions, working in tandem with industry. This is achieved through facilitating outreach, organizing educational events, and providing technical assistance. The Enterprise Institute also strives to contribute to South Dakota's economic development by encouraging and supporting entrepreneurial enterprises. With a team of nine dedicated professionals, this nonprofit plays a significant role in fostering innovation and growth in the region.


Official website here: www.sdei.org

Is Enterprise Institute legitimate?

Enterprise Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enterprise Institute 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: $137,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,055

For more financial information, click here


Official website here: www.sdei.org

What is the mission statement of Enterprise Institute?

The Enterprise Institute's mission is to bolster educational, commercialization, research, and business development prospects for faculty and students at educational institutions across the state, working in tandem with industry. This is achieved through facilitating outreach, educational events, and providing technical assistance. Furthermore, the institution aims to contribute to the economic development of the state by encouraging and assisting entrepreneurial enterprises.


Official website here: www.sdei.org

Who is the CEO of Enterprise Institute?

Tom Eitreim is the Executive Director of Enterprise Institute.


Official website here: www.sdei.org

What is the revenue of Enterprise Institute?

Enterprise Institute's revenue in 2022 was $297,693.


Official website here: www.sdei.org

Who are the executives of Enterprise Institute and what are their salaries?

The average compensation at Enterprise Institute during 2022 was $27,673. There are 9 employees at Enterprise Institute.


Here are 10 key members and their salaries:


Tom Eitreim (Executive Director)
  • Compensation: $137,000
  • Related: $0
  • Other: $10,855
Duane Sander (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Kurtenbach (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Bartels (Sec/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Cannon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Errol Eernisse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Daniel Scholl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerome Lohr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Morgan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Wheeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sdei.org

Where can I find the form 990 for Enterprise Institute?

Enterprise Institute's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sdei.org

Learn more at the official website: www.sdei.org

Mission Statement of Enterprise Institute

The Enterprise Institute is dedicated to boosting educational, commercialization, research, and business development prospects for faculty and students at educational institutions within South Dakota. It accomplishes this by fostering partnerships with industry, facilitating outreach, organizing educational events, and offering technical assistance. Furthermore, the Enterprise Institute contributes to the economic growth of South Dakota by promoting and aiding entrepreneurial enterprises. By doing so, it encourages innovation and fosters an environment conducive to business development within the state.

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Impact




October, 2024

The Enterprise Institute drives significant impact in South Dakota by fostering educational and entrepreneurial growth within the state’s educational institutions. By offering support that enhances research and business development opportunities for faculty and students, it creates a collaborative environment that bridges academia and industry.

The Business Resource Center plays a crucial role in this initiative, providing confidential consulting services tailored to the needs of independent inventors, researchers, and high-growth entrepreneurs. This personalized assistance helps nurture innovative ideas, facilitating their transition from concept to market.

Through outreach, educational events, and technical assistance, the Enterprise Institute not only promotes individual entrepreneurial success but also contributes to the overall economic development of South Dakota. By encouraging entrepreneurial enterprises, the organization strengthens the local economy, creates jobs, and empowers the next generation of innovators. Its mission to support educational collaboration and promote commercialization is pivotal in shaping a resilient and dynamic economic landscape in the region.




This information is meant to be a general summary of Enterprise Institute. 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.

Revenue
$297,693 (2022)
Expenses
$371,298 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,592
  • Program Service Revenue: $170,601
  • Gross Receipts: $297,693

Assets and Liabilities:

  • Total Assets: $795,922
  • Total Liabilities: $42,409
  • Net Assets: $753,513

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Event Income

Revenue

$62,036

Fee Income

Revenue

$108,565

Organization Details

Founding Year

2002

Principal Officer

Tom Eitreim

Main Address

2301 Research Park Way 114, Brookings, SD, 57006

NTEE Category

Code: B19 - Education

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