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Nonprofit · EIN 30-0017659

SOUTH EASTERN DEVELOPMENT FOUNDATION

Tax-exempt · SIOUX FALLS, SD 57104

Financials

$2.4M$1.3M2023$3.6M$1.5M2024$3.5M$2M2025
Revenue Expenses · by fiscal year end
Financials of SOUTH EASTERN DEVELOPMENT FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,508,082$1,992,986$1,515,096$28,720,463$8,159,186$20,561,277
December 31, 2024990$3,576,818$1,545,327$2,031,491$26,411,169$7,364,988$19,046,181
December 31, 2023990$2,441,148$1,339,293$1,101,855$24,947,970$7,933,281$17,014,689
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$1,556,988
of which government grants
$1,556,988
Program service revenue
$898,241
Investment income
$267,950
Net rental income
$73,600
Net income from sales of inventory
$711,303
Other revenue
$784,903

Expenses

Grants and similar amounts paid
$25,000
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$2,967
Accounting fees
$19,488
Travel
$7,239
Depreciation
$16,800
Program services (functional)
$1,782,324
Management and general (functional)
$210,662

Balance sheet and other

Total assets, start of year
$26,411,169
Total assets, end of year
$28,720,463
Total liabilities, end of year
$8,159,186
Net assets, end of year
$20,561,277
Land, buildings and equipment
$19,237
Net assets without donor restrictions
$5,566,846
Net assets with donor restrictions
$14,994,431
Gross receipts
$8,401,779
Employees
0
Volunteers
5
Year formed
2002
State of legal domicile
SD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgs
Lynne Keller ForbesPresident & CEO
Officer
0$0$354,171
Bryan HakemanSec/Treasurer
Trustee or director, Officer
1$0$0
Eric KirlvlietDirector
Trustee or director
1$0$0
Mike GrayPresident
Trustee or director, Officer
1$0$0
Autumn KaufholdDirector
Trustee or director
1$0$0
Jeremy KizerVice President
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2024: 6 people
NameTitleHours / weekCompensationFrom related orgs
Lynne Keller ForbesPresident & CEO
Officer
0$0$298,342
Bryan HakemanSec/Treasurer
Trustee or director, Officer
1$0$0
Dave KrollDirector
Trustee or director
1$0$0
Paul TschetterPresident
Trustee or director, Officer
1$0$0
Autumn KaufholdDirector
Trustee or director
1$0$0
Rich NaserVice President
Trustee or director, Officer
1$0$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationFrom related orgs
Lynne Keller ForbesPresident & CEO
Officer
0$0$273,094
Bryan HakemanSec/Treasurer
Trustee or director, Officer
1$0$0
Dave KrollDirector
Trustee or director
1$0$0
Keith ThompsonPresident
Trustee or director, Officer
1$0$0
Marcus MahlenDirector
Trustee or director
1$0$0
Paul TschetterVice President
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
500 N WESTERN AVENUE, SIOUX FALLS, SD 57104-2016
In care of
% LYNNE KELLER
Signed the 990
Lynne Keller Forbes, President & CEO
Phone
(605) 681-8172
Return prepared by
Kinner & Company Ltd

Mission

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives

990 for the year ended December 31, 2025

Program accomplishments

  • The revolving loan fund program is used for community and economic development
    Expenses $956,878 · grants $25,000 · revenue $879,841
  • Housing Financing and development provides affordable housing opportunities to low and moderate income families in the region
    Expenses $825,446 · revenue $18,400

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
30-0017659
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$28,720,463
Income (IRS master file)
$8,401,779

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,508,082$1,992,986$28,720,463IRS
990December 2024$3,576,818$1,545,327$26,411,169IRS
990December 2023$2,441,148$1,339,293$24,947,970XML
990December 2022$2,283,474$1,682,186$24,350,376IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0017659).

Questions about SOUTH EASTERN DEVELOPMENT FOUNDATION

What is the EIN of SOUTH EASTERN DEVELOPMENT FOUNDATION?
The employer identification number (EIN) of SOUTH EASTERN DEVELOPMENT FOUNDATION is 30-0017659.
Is SOUTH EASTERN DEVELOPMENT FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to SOUTH EASTERN DEVELOPMENT FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTH EASTERN DEVELOPMENT FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTH EASTERN DEVELOPMENT FOUNDATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTH EASTERN DEVELOPMENT FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of SOUTH EASTERN DEVELOPMENT FOUNDATION?
The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
How much revenue does SOUTH EASTERN DEVELOPMENT FOUNDATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,508,082, expenses of $1,992,986 and total assets of $28,720,463 at year end.

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