2025-02-03T16:21:04-05:00 2024-09-30 460434947 ELO PROF LLC PO BOX 249 MITCHELL SD 57301 990 2023-10-01 460243934 SIOUX FALLS DEVELOPMENT FOUNDATION INC SIOU 6053390103 200 NORTH PHILLIPS 301 SIOUX FALLS SD 57104 CORY BUCK CFO 6053390103 2025-01-30 true true JAMIE A ELDEEN CPA P00736101 6059967717 2025-01-30 2023 2025-03-06 01:10:19Z BOB MUNDT 200 NORTH PHILLIPS AVE 301 SIOUX FALLS SD 57101 21628050 false X WWW.SIOUXFALLSDEVELOPMENT.COM X TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS. 20 20 17 20 0 13219473 20529444 68471 189145 297677 849256 3225495 21758 16811116 21589603 454338 15985702 0 1256771 1317863 0 0 1119973 1708241 2831082 19011806 13980034 2577797 87105498 99337297 26765255 36609564 60340243 62727733 TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS. false false THE SIOUX FALLS DEVELOPMENT FOUNDATION SEEKS TO PROMOTE THE GENERAL WELFARE OF THE CITY OF SIOUX FALLS, SD AND THE SURROUNDING COMMUNITY BY FOSTERING BUISNESS AND EMPLOYMENT. THIS PRUPOSE WAS ACHIEVED IN 2023 THROUGH THE SALE OF 142 ACRES OF LAND TO NEW AND EXISTING BUSINESSES ALONG WITH WORKFORCE DEVELOPMENT ACTIVITIES THAT REACHED 21,000 POTENTIAL EMPLOYEES AND 259 PROSPECTIVE EMPLOYERS. 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. THE ORGANIZATION PLACES A STRONG EMPHASIS ON WORKFORCE DEVELOPMENT. false true false true false false false false false true false false false true true false true false false false false false false false false false true false true false false false false false false false false false false false true true true false true 11 0 true 17 true false false false false false false false false X 20 20 false false false false true true false true false false false true true true true true true true false true true X X CORY BUCK 6053390103 200 N PHILLIPS AVE 301 SIOUX FALLS SD 57101 BOB MUNDT PRESIDENT & 60.00 X 241167 0 46042 DEAN DZIEDZIC VP - ECONOMI 50.00 X 192295 0 24549 CORY BUCK CFO 45.00 X 153667 0 38222 DENISE GUZZETTA VP - WORKFOR 45.00 X 142154 0 14630 CLINT ACKERMAN DIRECTOR 1.00 X 0 0 0 RAQUEL BLOUNT DIRECTOR 1.00 X 0 0 0 RYAN BOSCHEE CHAIR 2.00 X X 0 0 0 BRETT BRADFIELD DIRECTOR 1.00 X 0 0 0 KURT BROST DIRECTOR 1.00 X 0 0 0 KENT CUTLER CHAIR ELECT 2.00 X X 0 0 0 CHRIS EKSTRUM DIRECTOR 1.00 X 0 0 0 KIRA KIMBALL DIRECTOR 1.00 X 0 0 0 RANDY KNECHT TREASURER 2.00 X X 0 0 0 JULIE LAUTT DIRECTOR 1.00 X 0 0 0 DAVE LINK DIRECTOR 1.00 X 0 0 0 CLARK MEYER SECRETARY 2.00 X X 0 0 0 TONY NOUR DIRECTOR 1.00 X 0 0 0 ANTHONY SAIGH DIRECTOR 1.00 X 0 0 0 KARLA SANTI DIRECTOR 1.00 X 0 0 0 KEITH SEVERSON DIRECTOR 1.00 X 0 0 0 AL SPENCER DIRECTOR 1.00 X 0 0 0 STEVE WATSON DIRECTOR 1.00 X 0 0 0 SCOTT WICKERSHAM DIRECTOR 1.00 X 0 0 0 729283 123443 4 false true false SOUKUP CONSTRUCTION PO BOX 89106 SIOUX FALLS SD 57109 CONSTRUCTION 4090239 JOHN RILEY CONSTRUCTION INC PO BOX 535 MORRIS MN 56267 CONSTRUCTION 1046016 MIDAMERICAN ENERGY PO BOX 5008 SIOUX FALLS SD 57117 CONSTRUCTION 895537 SITEWORKS 4825 N WILCOX DR SIOUX FALLS SD 57104 CONSTRUCTION 601160 LLOYD CONSTRUCTION 150 E 4TH PL STE 600 SIOUX FALLS SD 57104 CONSTRUCTION 387101 10 141830 18920938 1466676 20529444 MANAGEMENT FEE 900099 123694 123694 MISCELLANEOUS OTHER REVENUE 561000 44764 44764 WORKFORCE DEVELOPMENT 900099 20687 20687 189145 871061 871061 38400 16642 21758 21758 21758 21805 -21805 -21805 -21805 21589603 1060159 15985702 15985702 695942 695942 477641 477641 20594 20594 48964 48964 74722 74722 97077 27757 69320 4875 4875 11192 9709 1483 42011 32675 9336 92877 72238 20639 5084 4286 798 26827 2451 24376 7977 7977 26091 26091 26797 20842 5955 PROGRAM EXPENSES 777106 777106 REAL ESTATE TAXES 548554 548554 ASSOCIATION FEES 33466 33466 MISCELLANEOUS EXPENSES 6857 4516 2341 1450 1450 19011806 18863256 148550 0 9885353 16165332 15944464 24801345 4198458 3509087 47963141 46037930 21822 19006 506936 174207 58356 332729 5211088 4965541 3009442 3039555 813374 466772 87105498 99337297 1600974 1901432 3044169 26669 19012709 30130172 3107403 4551291 26765255 36609564 X 56840176 59418473 3500067 3309260 60340243 62727733 87105498 99337297 X 2577797 -220920 30613 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false 241445 7020 234425 265491 167187 98304 332729 ESTIMATED FUTURE CONSTRUCTION COSTS 4335614 OPERATING LEASE LIABILITY 155677 DEFERRED COMPENSATION 60000 4551291 X 21606245 16642 16642 21589603 21589603 19028448 16642 16642 19011806 19011806 SCHEDULE D, PAGE 3, PART X THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSE 16,642 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSE 16,642 true SFC GLOBAL SUPPLY CHAIN INC 115 W COLLEGE DR MARSHALL MN 56258 952703251 15662590 BOOK LAND ECONOMIC DEVELOPMENT STARTUP SIOUX FALLS 100 E 6TH ST SIOUX FALLS SD 57104 810585921 501C4 70821 CHILDCARE GRANT LUTHERAN SOCIAL SERVICES 705 E 1ST ST STE 200 SIOUX FALLS SD 57105 460224731 501C3 139989 CHILDCARE GRANT SIOUX METRO GROWTH ALLIANCE 196 E 6TH ST STE 200 SIOUX FALLS SD 57104 871766822 501C6 23726 ECONOMIC ASSISTANCE HELPLINE CENTER 3817 S ELMWOOD AVE SIOUX FALLS SD 57105 237424387 501C3 84409 CHILDCARE GRANT 2 3 SCHEDULE I, PAGE 4, PART IV GRANT DISBURSEMENTS ARE GENERALLY REIMBURSEMENTS OR PASS-THROUGH AWARDS. ONCE THE ORIGINATING ORGANIZATION HAS APPROVED THE DISBURSEMENT, FUNDS ARE RECEIVED AND PASSED THROUGH TO THE BENEFICIARY AS SOON AS ADMINISTRATIVELY FEASIBLE. ACCORDINGLY, SUBSTANTIATION FOR EXPENSES CLAIMED AND PROOF OF PAYMENT OR LIEN WAIVER ARE REQUESTED. X X false false false BOB MUNDT PRESIDENT & CEO 213397 20000 7770 14470 31572 287209 DEAN DZIEDZIC VP - ECONOMIC 174117 10000 8178 11103 13446 216844 CORY BUCK CFO 152882 785 9217 29005 191889 DENISE GUZZETTA VP - WORKFORCE 142154 8238 6392 156784 FORM 990, PAGE 6, PART VI, LINE 1A THE ORGANIZATION HAS DELEGATED AUTHORITY TO OUR EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT, CHAIR, VICE CHAIR, SECRETARY, TREASURER, AND PART CHAIR. EXECUTIVE COMMITTEE SHALL TRANSACT BUSIENSS OF AN EMERGENCY NATURE BETWEEN BOARD MEETINGS FORM 990, PAGE 6, PART VI, LINE 6 MEMBERSHIP INVESTMENT IS BASED ON THE NUMBER OF EMPLOYEES OF THE INVESTING COMPANY. THE MINIMUM COST OF A MEMBERSHIP IS 250 ANNUALLY FOR 0-20 EMPLOYEES AND THE MAXIMUM IS 3,650 ANNUALLY FOR 901+ EMPLOYEES. THERE ARE SOME BUSIENSSES THAT WERE ALREADY MEMBERS WHEN THE NEW MEMBERSHIP STRUCTURE WAS IMPLEMENTED AND REMAIN AT THEIR ORIGINAL MEMBERSHIP LEVELS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ELECT NEW BOARD MEMBERS AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 8B THE EXECUTIVE COMMITTEE DOES NOT KEEP WRITTEN MINUTES OF ITS MEETINGS. ALL MATTERS ACTED UPON AT THE EXECUTIVE COMMITTEE ARE BROUGHT TO THE BOARD FOR APPROVAL, AND INCLUDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND THE EXECUTIVE COMMITTEE WILL REVIEW THE RETURN IN DETAIL. UPON THEIR REVIEW, A COPY OF THE 990 WILL BE EMAILED TO THE BOARD MEMBERS, AND IT WILL BE APPROVED AT THE FOLLOWING BOARD MEETING. FOLLOWING THEIR APPROVAL, THE 990 WILL BE FILLED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C AT EACH BOARD MEETING, THE BOARD MEMBERS AN EX-OFFICIO MEMBERS ARE ASKED TO REVIEW THE AGENDA FOR POSSIBLE CONFLICTS OF INTEREST. IF A CONFLICT DOES EXIST, THE BOARD MEMBER MUST ABSTAIN FROM VOTING AND FROM DISCUSSION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE. COMPENSATION FOR THE VICE PRESIDENT IS DETERMINED BY THE PRESIDENT. DETERMINATION OF COMPENSATION FOR BOTH POSITIONS INCLUDES AN ANNUAL PERFORMANCE REVIEW AND COMPARABILITY DATA. THE PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN BENEFICIAL INTEREST - STARTUP SF 30,113 OTHER MISCELLANEOUS 500 TOTAL 30,613 FORWARD SIOUX FALLS PROJECT 200 N PHILLIPS AVE SIOUX FALLS SD 57104 460396647 ECO DEV SD N/A RELATED -1175798 4053095 false true 0.50000 false false false false true false false false false false false false false false false false true false false FORWARD SIOUX FALLS PROJECT Q 1451674 FVM