Program areas at Sioux Falls Development Foundation
The Sioux Falls Development Foundation seeks to promote the general welfare of the City of Sioux Falls, SD and the surrounding community by fostering business and employment. This purpose was achieved in 2022 through the sale of 66.2 acres of industrial park land to new and existing businesses along with workforce development activities that reached 22,000 potential employees and 141 prospective employers.
The organization places a strong emphasis on workforce development.
Partners with various organizations to assist new and existing business, market our community and foster emerging industries, promote international trade services office for the State of South Dakota.
Who funds Sioux Falls Development Foundation
Grants from foundations and other nonprofits
Personnel at Sioux Falls Development Foundation
| Name | Title | Compensation | Date of data |
|---|
| Bob Mundt | President and Chief Executive Officer | $228,684 | 2023-09-30 |
| Cory Buck | Chief Financial Officer | $108,317 | 2024-07-29 |
| Denise Guzzetta | Vice President - Workforce | $126,494 | 2023-09-30 |
| Karen Ruhland | Director of Research , Membership and Communications | | 2023-08-05 |
| Leah Blom | Director of Marketing and Digital Media | | 2023-08-05 |
| ...and 19 more key personnel |
Financials for Sioux Falls Development Foundation
| Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
|---|
| Total grants, contributions, etc. | $13,219,473 | $7,876,749 | 67.8% |
| Program services | $68,471 | $988,763 | -93.1% |
| Investment income and dividends | $297,677 | $30,232 | 884.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $6,395 | $20,851 | -69.3% |
| Net gain from sale of non-inventory assets | $0 | $-748,914 | -100% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $3,218,149 | $1,322,803 | 143.3% |
| Miscellaneous revenues | $951 | $125,950 | -99.2% |
| Total revenues | $16,811,116 | $9,616,434 | 74.8% |
Organizations like Sioux Falls Development Foundation
| Organization | Type | Location | Revenue |
|---|
| Regional Industrial Development Corp of Southwestern Pennsylvania | 501(c)(6) | Pittsburgh, PA | $22,677,325 |
| North Texas Commission | 501(c)(6) | DFW Airport, TX | $4,810,487 |
| Southwest Business Improvement District (SWBID) | 501(c)(6) | Washington, DC | $5,316,282 |
| Economic Progress Alliance of Crawford County | 501(c)(6) | Meadville, PA | $5,381,663 |
| Community Development Foundation | 501(c)(6) | Tupelo, MS | $6,225,081 |
| Downtown Dallas (DDI) | 501(c)(6) | Dallas, TX | $10,765,549 |
| Chicago Loop Alliance (CLA) | 501(c)(6) | Chicago, IL | $4,685,535 |
| The Columbus Partnership | 501(c)(6) | Columbus, OH | $9,954,880 |
| Downtown San Diego Partnership | 501(c)(6) | San Diego, CA | $14,476,751 |
| Ann Arbor Spark | 501(c)(6) | Ann Arbor, MI | $9,443,903 |
Data update history
September 22, 2024
Used new vendors
Identified 2 new vendors, including , and
August 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 22, 2023
Updated personnel
Identified 7 new personnel
August 20, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government funding
General information
- Address
- 200 N Phillips Ave 301
- Sioux Falls, SD 57104
- Metro area
- Sioux Falls, SD
- County
- Minnehaha County, SD
- Website URL
- siouxfallsdevelopment.com/Â
- Phone
- (605) 339-0103
- Facebook page
- LCEDAMCEDAÂ
IRS details
- EIN
- 46-0243934
- Fiscal year end
- September
- Taxreturn type
- Form 990
- Year formed
- 1954
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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