2022-09-14T17:50:02-04:00 2021-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2021-01-01 812776110 ENTERPRISE 605 INC ENTE 6052254850 401 SOUTH MAIN STREET SUITE 212 ABERDEEN SD 57402 ROBERT FOUBERG PRESIDENT 6052254850 2022-09-14 true ROBERT FOUBERG 999009999 TRACI HANSON CPA P02055725 6053425630 2022-09-14 2021 2023-04-26 12:10:37Z X ROBERT FOUBERG 401 SOUTH MAIN STREET SUITE 212 ABERDEEN SD 57402 17296 false X X 2016 SD PROMOTING THE INTERESTS AND ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH DAKOTA BY FOSTERING ENTREPRENEURSHIP OPPORTUNITIES AND EXPANSION OF BUSINESSES AND SUPPORTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SOUTH DAKOTA THROUGH EDUCATION, INFORMING PUBLIC OPINION GERMANE TO ECONOMIC DEVELOPMENT IN SOUTH DAKOTA, AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT, AND PROVIDING FINANCIAL SUPPORT TO SOUTH DAKOTA BUSINESSES OR BUSINESSES WHO PLAN TO DO BUSINESS IN SOUTH DAKOTA. 6 6 0 6 0 15000 0 4026 2296 600 0 4626 17296 0 0 0 0 0 16332 29833 16332 29833 -11706 -12537 7468748 7947537 0 7468748 7947537 X PROMOTING THE INTERESTS AND ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH DAKOTA BY FOSTERING ENTREPRENEURSHIP OPPORTUNITIES AND EXPANSION OF BUSINESSES AND SUPPORTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SOUTH DAKOTA THROUGH EDUCATION, INFORMING PUBLIC OPINION GERMANE TO ECONOMIC DEVELOPMENT IN SOUTH DAKOTA, AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT, AND PROVIDING FINANCIAL SUPPORT TO SOUTH DAKOTA BUSINESSES OR BUSINESSES WHO PLAN TO DO BUSINESS IN SOUTH DAKOTA. false false 2021 WAS THE FIFTH YEAR OF OPERATIONS FOR THE ORGANIZATION. THE ORGANIZATION 1) PARTICIPATED IN AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT AND 2) CONTINUED ITS INVESTMENT IN A VENTURE CAPITAL FUND. false true false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false X 6 6 false false false false true false false true true false false true true true true false false false false false X ROBERT FOUBERG 6052254850 401 SOUTH MAIN STREET SUITE 212 ABERDEEN SD 57402 X ROBERT FOUBERG PRESIDENT 5.00 X X 0 0 0 DAVID LINK TREASURER 1.00 X X 0 0 0 DANA DYKHOUSE BOARD MEMBER 1.00 X 0 0 0 DAVID EMERY BOARD MEMBER 1.00 X 0 0 0 VENKEY VENKATACHALAM BOARD MEMBER 1.00 X 0 0 0 DAVID CHICOINE BOARD MEMBER 1.00 X 0 0 0 false false false 15000 15000 2296 2296 17296 2296 X 17413 7488 115 3815 MEALS AND ENTERTAINMENT 1002 29833 0 0 0 2766175 2609884 4702573 5337653 7468748 7947537 0 0 X 818090 805553 6650658 7141984 7468748 7947537 7468748 7947537 -12537 491326 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED INVESTMENT IN SD EQUITY PARTNERS 5337653 F 5337653 X 508622 491326 491326 17296 17296 29833 29833 29833 SCHEDULE D, PAGE 3, PART X AT DECEMBER 31, 2021, THE CORPORATION BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH MATERIAL UNCERTAIN TAX POSITIONS. FORM 990 - ORGANIZATION'S MISSION PROMOTING THE INTERESTS AND ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH DAKOTA BY FOSTERING ENTREPRENEURSHIP OPPORTUNITIES AND EXPANSION OF BUSINESSES AND SUPPORTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SOUTH DAKOTA THROUGH EDUCATION, INFORMING PUBLIC OPINION GERMANE TO ECONOMIC DEVELOPMENT IN SOUTH DAKOTA, AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT, AND PROVIDING FINANCIAL SUPPORT TO SOUTH DAKOTA BUSINESSES OR BUSINESSES WHO PLAN TO DO BUSINESS IN SOUTH DAKOTA. FORM 990, PAGE 6, PART VI, LINE 6 THERE IS ONE CLASS OF MEMBERS. A MEMBER SHALL BE A REPRESENTATIVE OF THE BUSINESS COMMUNITY IN SOUTH DAKOTA AND HAVE AN INTEREST IN PROMOTING ECONOMIC DEVELOPMENT IN SOUTH DAKOTA. TOTAL MEMBER SHALL BE NO LESS THAN 5 OR MORE THAN 10. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 TAX RETURN WAS REVIEWED BY THE PRESIDENT AND THE OUTSIDE CERTIFIED PUBLIC ACCOUNTANT, AND THEN SUBMITTED TO THE FULL BOARD FOR THEIR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C MONITOR THROUGH DISCLOSURE DOCUMENT AND DISCUSSION AT A BOARD MEETING FORM 990, PAGE 6, PART VI, LINE 19 UPON WRITTEN REQUEST FORM 990, PART IX, LINE 11G PROFESSIONAL FEES 0 2,035 0 INTERNSHIP 5,453 0 0 TOTAL 5,453 2,035 0