Nonprofit · EIN 56-2667948
GROW SOUTH DAKOTA
Tax-exempt · SISSETON, SD 57262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,905,044 | $3,048,340 | $856,704 | $74,568,666 | $74,571,255 | -$2,589 |
| June 30, 2024 | 990 | $9,966,587 | $2,876,811 | $7,089,776 | $81,623,666 | $73,954,005 | $7,669,661 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,986,023
- of which government grants
- $1,179,978
- Program service revenue
- $1,806,884
- Investment income
- $112,137
- Net gain from sales of assets
- $15,190
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $738,887
- Other salaries and wages
- $355,377
- Salaries, compensation and benefits (total)
- $422,558
- Professional fundraising fees
- $0
- Legal fees
- $3,884
- Accounting fees
- $43,837
- Occupancy
- $181,316
- Travel
- $30,049
- Depreciation
- $166,563
- Program services (functional)
- $2,874,234
- Management and general (functional)
- $174,106
Balance sheet and other
- Total assets, start of year
- $81,623,666
- Total assets, end of year
- $74,568,666
- Total liabilities, end of year
- $74,571,255
- Net assets, end of year
- -$2,589
- Land, buildings and equipment
- $2,190,471
- Publicly traded securities
- $209,908
- Net assets without donor restrictions
- -$13,806,421
- Net assets with donor restrictions
- $13,803,832
- Gross receipts
- $3,914,044
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2007
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TAWNEY BRUNSCH | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG CARSON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| TOM FARBER | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| MICHELLE KANE | DIRECTOR Trustee or director | 1 | $0 |
| ERIC KUNZWEILER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MALONE | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL MENKING | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GINGER NIEMANN | DIRECTOR Trustee or director | 1 | $0 |
| ERIC SHEPHERD | DIRECTOR Trustee or director | 1 | $0 |
| MARCIA ERICKSON | CHIEF EXECUT Officer | – | $0 |
| LORI FINNESAND | CHIEF EXECUT Officer | – | $0 |
| KATHRYN RASMUS | CHIEF FINANC Officer | – | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCIA ERICKSON | CHIEF EXECUT Officer | 13 | $4,070 |
| LORI FINNESAND | CHIEF EXECUT Officer | 13 | $4,070 |
| KATHRYN RASMUS | CHIEF FINANC Officer | 13 | $4,070 |
| TAWNEY BRUNSCH | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG CARSON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| TOM FARBER | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| MICHELLE KANE | DIRECTOR Trustee or director | 1 | $0 |
| ERIC KUNZWEILER | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL MALONE | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL MENKING | PRESIDENT Trustee or director, Officer | 1 | $0 |
| GINGER NIEMANN | DIRECTOR Trustee or director | 1 | $0 |
| ERIC SHEPHERD | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 104 E ASH ST, SISSETON, SD 57262-1908
- In care of
- % LORI FINNESAND
- Principal officer (990 for 2024)
- LORI FINNESAND
- Signed the 990
- LORI FINNESAND, CHIEF EXECUTIVE OFFI
- Phone
- (605) 698-7654
- Website
- WWW.GROWSD.ORG
- Return prepared by
- WOHLENBERG RITZMAN & CO LLC
Mission
GROW SOUTH DAKOTA IS A NONPROFIT CORPORATION WHOSE PRIMARY OBJECTIVE IS TO PROMOTE AND FOSTER ECONOMIC GROWTH, HOUSING DEVELOPMENT, AND EDUCATIONAL OPPORTUNITIES IN DISTRESSED COMMUNITIES AND UNDERSERVED MARKETS IN SOUTH DAKOTA.
Program accomplishments
- NEW MARKET TAX CREDIT PROGRAM: GROW SOUTH DAKOTA OWNS AND LEASES TWO SCHOOL BUILDINGS TO OGLALA LAKOTA SCHOOL DISTRICT THROUGH THE YEAR.Expenses $938,288 · revenue $545,894
- HOUSING: GROW SOUTH DAKOTA OWNS A 60 UNIT HUD PROPERTY IN MILBANK, SOUTH DAKOTA. THE PROJECT IS CURRENTLY MANAGED BY MILLS PROPERTY MANAGEMENT AND CONSISTS OF 30 ONE-BEDROOM ELDERLY UNITS AND 30 FAMILY TWO- AND THREE- BEDROOM UNITS IN TOWN HOUSE STRUCTURES. THE ORGANIZATION MADE 95 ON- BALANCE SHEET HOUSING LOANS TOTALING 1,586,529. THE ORGANIZATION ALSO ASSISTED 61 HOME OWNERS WITH HOUSING REHAB ON EXISTING PROPERTY THAT TOTALED 690,574 IN REPAIRS.Expenses $1,567,230 · grants $690,574 · revenue $279,564
- BUSINESS REVOLVING LOAN FUNDS: IN FY2025, GROW SOUTH DAKOTA MADE 18 BUSINESS LOANS TOTALING 1,352,500 CREATING OR RETAINING 38 JOBS THROUGH THE REVOLVING LOAN FUND. THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE TO ALL APPLICANTS.Expenses $258,293 · revenue $939,492
- GROW SOUTH DAKOTA ASSISTED ONE NON-PROFIT ORGANIZATION BY MAKING AVAILABLE 8 VEHICLES AND ONE PIECE OF EQUIPMENT TO FURTHER THAT ORGANIZATION'S WORK IN LOW-INCOME WEATHERIZATION AND HOUSING REHABILITATION. GROW SOUTH DAKOTA WAS ALSO INVOLVED IN SOME PROGRAMS THAT WILL FURTHER THEIR WORK IN COMMUNITY ENGAGEMENT.Expenses $110,423 · grants $48,313 · revenue $41,934
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-2667948
- 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
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $74,568,666
- Income (IRS master file)
- $3,914,044
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,905,044 | $3,048,340 | $74,568,666 | IRS |
| 990 | June 2024 | $9,966,587 | $2,876,811 | $81,623,666 | XML |
| 990 | June 2023 | $3,106,545 | $2,733,851 | $56,863,772 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-2667948).
Questions about GROW SOUTH DAKOTA
- What is the EIN of GROW SOUTH DAKOTA?
- The employer identification number (EIN) of GROW SOUTH DAKOTA is 56-2667948.
- Is GROW SOUTH DAKOTA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to GROW SOUTH DAKOTA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROW SOUTH DAKOTA 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 GROW SOUTH DAKOTA due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GROW SOUTH DAKOTA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GROW SOUTH DAKOTA?
- The 990 for the year ended June 30, 2025 names LORI FINNESAND.
- Who are the officers and directors of GROW SOUTH DAKOTA?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does GROW SOUTH DAKOTA have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,905,044, expenses of $3,048,340 and total assets of $74,568,666 at year end.
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- NE SOUTH DAKOTA COMMUNITY ACTION PROGRAM INC EIN 46-0282100 · last filed 990 for 2025
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All nonprofits in SISSETON · South Dakota · Community improvement and capacity building