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EIN 46-0350177

Grow South Dakota / Northeast South Dakota Economic Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Sisseton
State
South Dakota
Year formed
1978
Most recent tax filings
2023-09-01
NTEE code, primary
S30: Economic Development
Description
Grow South Dakota / Northeast South Dakota Economic Corporation is an economic development organization in Sisseton, SD whose mission is: To stimulate Economic opportunities through loans, technical support and partnerships.
Related structure
Grow South Dakota / Northeast South Dakota Economic Corporation is a subordinate organization under Grow South Dakota / Ne South Dakota Community Action Program Inc.
Also known as...
Northeast South Dakota Economic Corporation
Total revenues
$1,331,875
2023
Total expenses
$888,840
2023
Total assets
$31,356,241
2023
Num. employees
0
2023

Program areas at Grow South Dakota / Northeast South Dakota Economic Corporation

Economic/community development - revolving loan program (direct loans) assists individuals that are otherwise unable to obtain financing to start or expand their business. In this fiscal period, nesdec made 50 loans totaling 3,126,182 creating 143 area jobs. As of september 30, 2023 nesdec had 286 outstanding loans totaling 21,684,462.

Who funds Grow South Dakota / Northeast South Dakota Economic Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Opportunity Finance Network (OFN)2022 Renewable Energy Efficient Grant$125,000
Grow South Dakota / Ne South Dakota Community Action Program IncMission Statement$35,000

Personnel at Grow South Dakota / Northeast South Dakota Economic Corporation

NameTitleCompensation
Lori FinnesandChief Executive Officer$0
Lori MoenChief Operating Officer$0
Katie RasmusChief Financial Officer
Kimberly Lorensberg-ToChief Financ$0
Leann GlynnFinance Director
...and 10 more key personnel

Financials for Grow South Dakota / Northeast South Dakota Economic Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$287,503
Program services$965,430
Investment income and dividends$41,209
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$3,025
Net gain from sale of non-inventory assets$-12,015
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$46,723
Miscellaneous revenues$0
Total revenues$1,331,875

Form 990s for Grow South Dakota / Northeast South Dakota Economic Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-02-10990View PDF
2021-092022-02-04990View PDF
2020-092021-04-12990View PDF
2019-092020-09-01990View PDF
2018-092019-05-14990View PDF
...and 8 more Form 990s

Organizations like Grow South Dakota / Northeast South Dakota Economic Corporation

OrganizationLocationRevenue
Hartford Community Loan FundHartford, CT$1,607,645
Venture North Funding and DevelopmentTraverse City, MI$1,193,048
Iowa Community CapitalBoone, IA$500,434
Piedmont Business CapitalGreensboro, NC$3,154,236
Renaissance Economic Development CorporationNew York, NY$4,221,507
Dakota ResourcesRenner, SD$2,438,799
California Coastal Rural Development CorporationSalinas, CA$5,011,409
Black Hills Community Loan FundRapid City, SD$808,910
Michigan Community CapitalLansing, MI$4,447,895
Rural Missouri IncorporatedJefferson City, MO$2,995,423
Data update history
November 27, 2023
Received grants
Identified 1 new grant, including a grant for $125,000 from Opportunity Finance Network (OFN)
June 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 16, 2023
Updated personnel
Identified 2 new personnel
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 20, 2023
Received grants
Identified 1 new grant, including a grant for $16,000 from South Dakota Community Foundation (SDCF)
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
104 Ash St East
Sisseton, SD 57262
County
Roberts County, SD
Website URL
growsd.org/ 
Phone
(605) 698-7654
IRS details
EIN
46-0350177
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1978
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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