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Enterprise 605 Inc

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

EIN: 812776110 ✦ Aberdeen, SD ✦ Designated as a 501(c)(6)

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Overview

What is Enterprise 605 Inc?

Enterprise 605 Inc, based in Aberdeen, South Dakota, is a nonprofit organization committed to fostering entrepreneurship opportunities and driving economic development within the state. They achieve this by supporting business growth and expansion, educating the public on economic development matters, operating an internship program focused on economic development, and providing financial assistance to South Dakota businesses or businesses planning to establish operations in the state. Their mission is to promote the interests of South Dakota by advancing entrepreneurship and enhancing the business environment, thereby contributing to the state's overall economic development.

Is Enterprise 605 Inc legitimate?

Enterprise 605 Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Enterprise 605 Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Enterprise 605 Inc?

Enterprise 605 Inc is dedicated to promoting economic development in the state by fostering entrepreneurship opportunities, expanding businesses, and supporting their growth. They achieve this through various means, including education, informing public opinion pertinent to economic development, operating an internship program focused on economic development, and providing financial assistance to businesses planning to operate in the state. The organization seeks to foster a conducive business environment, thereby contributing to the state's overall economic growth.

Who is the CEO of Enterprise 605 Inc?

Robert Fouberg is the President of Enterprise 605 Inc.

What is the revenue of Enterprise 605 Inc?

Enterprise 605 Inc's revenue in 2022 was $5,798.

Who are the executives of Enterprise 605 Inc and what are their salaries?

There 6 volunteers at Enterprise 605 Inc.


Here are 6 key members and their salaries:


Robert Fouberg (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Link (Vice Pres/Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Dykhouse (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Emery (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Chicoine (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Venkey Venkatachalam (Brd Mbr (Res)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Enterprise 605 Inc?

Enterprise 605 Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Enterprise 605 Inc

Enterprise 605 Inc is dedicated to promoting the interests and economic development of the state of South Dakota. Their mission encompasses fostering entrepreneurship opportunities, expanding businesses, and supporting the growth and development of business concerns. They achieve this through various means, including education, informing public opinion that aligns with economic development in South Dakota. Additionally, Enterprise 605 Inc operates an internship program focused on economic development and provides financial support to South Dakota businesses or businesses planning to establish operations in the state. Their efforts are geared towards fostering a thriving business environment and contributing to the overall economic development of South Dakota.

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Impact




October, 2024

Enterprise 605 Inc has a significant impact on the economic landscape of South Dakota. By fostering entrepreneurship opportunities and supporting the expansion of businesses, it plays a crucial role in driving economic development within the state. The organization focuses on educating the community and informing public opinion, which helps create a more favorable environment for business growth.

Through its internship program tailored towards economic development, Enterprise 605 Inc actively engages emerging talent, linking students and young professionals to local businesses, fostering a culture of innovation and skill development. Additionally, the organization invests in a venture capital fund, increasing the availability of financial resources for South Dakota businesses, which is essential for nurturing start-ups and expanding existing enterprises.

By providing financial support to both current businesses and those looking to establish themselves in South Dakota, Enterprise 605 Inc directly contributes to job creation and community improvement. Its multifaceted approach not only stimulates the local economy but also strengthens the overall economic resilience of the region, making a lasting impact on the growth and development of South Dakota's business community.




This information is meant to be a general summary of Enterprise 605 Inc. 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
$5,798 (2022)
Expenses
$19,000 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5,398
  • Gross Receipts: $5,798

Assets and Liabilities:

  • Total Assets: $7,588,499
  • Total Liabilities: $0
  • Net Assets: $7,588,499

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Organization Details

Founding Year

2016

Principal Officer

Robert Fouberg

Main Address

401 SOUTH MAIN STREET SUITE 212, ABERDEEN, SD, 57401

NTEE Category

Code: S40 - Community improvement

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