Nonprofit · EIN 46-0243934
SIOUX FALLS DEVELOPMENT FOUNDATION INC
Tax-exempt · SIOUX FALLS, SD 57104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $9,295,738 | $2,635,233 | $6,660,505 | $106,497,986 | $37,221,029 | $69,276,957 |
| September 30, 2024 | 990 | $21,589,603 | $19,011,806 | $2,577,797 | $99,337,297 | $36,609,564 | $62,727,733 |
| September 30, 2023 | 990 | $16,811,116 | $2,831,082 | $13,980,034 | $87,105,498 | $26,765,255 | $60,340,243 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $7,005,915
- of which government grants
- $6,946,130
- Membership dues
- $59,785
- Program service revenue
- $182,727
- Investment income
- $894,511
- Net rental income
- -$7,824
- Net income from sales of inventory
- $1,220,409
- Other revenue
- $1,212,585
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $578,044
- Other salaries and wages
- $549,486
- Salaries, compensation and benefits (total)
- $1,410,417
- Professional fundraising fees
- $0
- Legal fees
- $29,949
- Accounting fees
- $31,860
- Occupancy
- $87,342
- Travel
- $8,515
- Depreciation
- $36,383
- Program services (functional)
- $2,131,337
- Management and general (functional)
- $503,896
Balance sheet and other
- Total assets, start of year
- $99,337,297
- Total assets, end of year
- $106,497,986
- Total liabilities, end of year
- $37,221,029
- Net assets, end of year
- $69,276,957
- Land, buildings and equipment
- $302,560
- Publicly traded securities
- $5,168,077
- Net assets without donor restrictions
- $66,078,979
- Net assets with donor restrictions
- $3,197,978
- Gross receipts
- $16,335,465
- Employees
- 17
- Volunteers
- 20
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BOB MUNDT | PRESIDENT & Officer | 50 | $240,777 | $56,721 |
| DEAN DZIEDZIC | VP - ECONOMI Key employee | 50 | $187,340 | $31,695 |
| CORY BUCK | CFO Officer | 50 | $149,927 | $55,811 |
| DENISE GUZZETTA | VP - WORKFOR Highest-paid employee | 45 | $133,884 | $18,451 |
| MIKE GRAY | DIR. OF BUS. Highest-paid employee | 45 | $113,838 | $17,500 |
| CLINT ACKERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAQUEL BLOUNT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KURT BROST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENT CUTLER | CHAIR ELECT Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS DAUGAARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS EKSTRUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRA KIMBALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON KJENSTAD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY KNECHT | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JULIE LAUTT | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVE LINK | DIRECTOR Trustee or director | 1 | $0 |
| CLARK MEYER | CHAIR ELECT Trustee or director, Officer | 2 | $0 |
| MARLA MEYER | DIRECTOR Trustee or director | 1 | $0 |
| TONY NOUR | DIRECTOR Trustee or director | 1 | $0 |
| AJ SAIGH | DIRECTOR Trustee or director | 1 | $0 |
| KARLA SANTI | DIRECTOR Trustee or director | 1 | $0 |
| KEITH SEVERSON | DIRECTOR Trustee or director | 1 | $0 |
| AL SPENCER | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT WICKERSHAM | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BOB MUNDT | PRESIDENT & Officer | 60 | $241,167 | $46,042 |
| DEAN DZIEDZIC | VP - ECONOMI Key employee | 50 | $192,295 | $24,549 |
| CORY BUCK | CFO Officer | 45 | $153,667 | $38,222 |
| DENISE GUZZETTA | VP - WORKFOR Highest-paid employee | 45 | $142,154 | $14,630 |
| CLINT ACKERMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RAQUEL BLOUNT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN BOSCHEE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| BRETT BRADFIELD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KURT BROST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENT CUTLER | CHAIR ELECT Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS EKSTRUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIRA KIMBALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY KNECHT | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JULIE LAUTT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE LINK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLARK MEYER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| TONY NOUR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY SAIGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KARLA SANTI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH SEVERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AL SPENCER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT WICKERSHAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Bob Mundt | President & CEO Officer | 60 | $228,684 | $54,648 |
| Dean Dziedzic | Vice President - Economic Key employee | 50 | $177,718 | $28,628 |
| Cory Buck | Vice President - Finance Officer | 45 | $108,317 | $37,710 |
| Denise Guzzetta | Vice President - Workforce Highest-paid employee | 45 | $126,494 | $17,859 |
| Kurt Loudenback | Past Chair Trustee or director, Officer | 2 | $0 | $0 |
| Steve Kolbeck | Chair Trustee or director, Officer | 2 | $0 | $0 |
| Kent Cutler | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Clark Meyer | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Ryan Boschee | Chair-Elect Trustee or director, Officer | 2 | $0 | $0 |
| Clint Ackerman | Director Trustee or director | 1 | $0 | $0 |
| Dr Brett Bradfield | Director Trustee or director | 1 | $0 | $0 |
| Chris Ekstrum | Director From 01/01/23 Trustee or director | 1 | $0 | $0 |
| Jeff Fiegen | Director Trustee or director | 1 | $0 | $0 |
| Kira Kimball | Director Trustee or director | 1 | $0 | $0 |
| Randy Knecht | Director Trustee or director | 1 | $0 | $0 |
| Julie Lautt | Director Trustee or director | 1 | $0 | $0 |
| David Link | Director Trustee or director | 1 | $0 | $0 |
| Clark Meyer | Director Trustee or director | 1 | $0 | $0 |
| Tony Nour | Director Trustee or director | 1 | $0 | $0 |
| Karla Santi | Director Trustee or director | 1 | $0 | $0 |
| Keith Severson | Director Trustee or director | 1 | $0 | $0 |
| Al Spencer | Director Trustee or director | 1 | $0 | $0 |
| Steve Watson | Director Trustee or director | 1 | $0 | $0 |
| Raquel Blount | Director From 01/01/23 Trustee or director | 1 | $0 | $0 |
| Tim McCarthy | Director Until 12/31/22 Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 N PHILLIPS AVE STE 301, SIOUX FALLS, SD 57104-6060
- Principal officer (990 for 2024)
- BOB MUNDT, 200 NORTH PHILLIPS AVE 301, SIOUX FALLS, SD 57101
- Signed the 990
- CORY BUCK, CFO
- Phone
- (605) 339-0103
- Return prepared by
- ELO PROF LLC
Mission
TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS.
Program accomplishments
- 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 IS ACHIEVED THROUGH THE SALE OF LAND TO NEW AND EXISTING BUSINESSES ALONG WITH WORKFORCE DEVELOPMENT ACTIVITIES.
- PARTNERS WITH VARIOUS ORGANIZATIONS TO ASSIST NEW AND EXISTING BUSINESS, MARKET OR 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.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 46-0243934
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $106,497,986
- Income (IRS master file)
- $16,335,465
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $9,295,738 | $2,635,233 | $106,497,986 | XML |
| 990 | September 2024 | $21,589,603 | $19,011,806 | $99,337,297 | XML |
| 990 | September 2023 | $16,811,116 | $2,831,082 | $87,105,498 | XML |
| 990 | September 2022 | $9,616,434 | $2,147,692 | $66,202,631 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 46-0243934).
Questions about SIOUX FALLS DEVELOPMENT FOUNDATION INC
- What is the EIN of SIOUX FALLS DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of SIOUX FALLS DEVELOPMENT FOUNDATION INC is 46-0243934.
- Is SIOUX FALLS DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1957.
- Are donations to SIOUX FALLS DEVELOPMENT FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SIOUX FALLS DEVELOPMENT FOUNDATION INC 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 SIOUX FALLS DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SIOUX FALLS DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SIOUX FALLS DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended September 30, 2025 names BOB MUNDT.
- Who are the officers and directors of SIOUX FALLS DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended September 30, 2025 lists 24 people; 5 received compensation from the organization, the highest $240,777 (BOB MUNDT, PRESIDENT &).
- How much revenue does SIOUX FALLS DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $9,295,738, expenses of $2,635,233 and total assets of $106,497,986 at year end.
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