Nonprofit · EIN 87-3484216
EXPERIENCE SIOUX FALLS
Tax-exempt · SIOUX FALLS, SD 57104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,907,843 | $3,581,266 | $326,577 | $5,831,812 | $735,546 | $5,096,266 |
| December 31, 2023 | 990 | $3,773,001 | $3,426,168 | $346,833 | $5,312,496 | $648,967 | $4,663,529 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $223,000
- of which government grants
- $223,000
- Program service revenue
- $3,563,361
- Investment income
- $107,369
- Net gain from sales of assets
- $37,262
- Net income from fundraising events
- -$29,755
- Net income from sales of inventory
- $43,868
- Other revenue
- $14,113
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $172,996
- Other salaries and wages
- $814,010
- Salaries, compensation and benefits (total)
- $1,216,786
- Professional fundraising fees
- $0
- Accounting fees
- $55,297
- Occupancy
- $167,325
- Travel
- $60,709
- Depreciation
- $81,484
Balance sheet and other
- Total assets, start of year
- $5,312,496
- Total assets, end of year
- $5,831,812
- Total liabilities, end of year
- $735,546
- Net assets, end of year
- $5,096,266
- Land, buildings and equipment
- $103,895
- Publicly traded securities
- $2,084,375
- Net assets with donor restrictions
- $5,096,266
- Gross unrelated business income
- $43,868
- Gross receipts
- $4,535,492
- Employees
- 41
- Volunteers
- 76
- Year formed
- 2020
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERI SCHMIDT | CEO Officer | 40 | $172,996 | $18,043 |
| JANET GRUNEWALDT | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| FRANK GURNICK | VICE CHAIRPE Trustee or director, Officer | 1 | $0 | $0 |
| TOM MORRIS | VICE CHAIRPE Trustee or director, Officer | 1 | $0 | $0 |
| AMY SMOLIK | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTINE BRUNING | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| PAUL HEGG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AUDREY OTTO-PEPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAILESH PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICCARDO TARABELSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN AHLERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETHANY BUITENBOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NANCY SAVAGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAWN PRICHETT | CITY OF SIOU Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERI SCHMIDT | CEO Officer | 40 | $170,864 | $17,131 |
| JANET GRUNEWALDT | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| FRANK GURNICK | VICE CHAIRPE Trustee or director, Officer | 1 | $0 | $0 |
| AMY SMOLIK | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| AUDREY OTTO-PEPPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE BRUNING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SHAILESH PATEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICCARDO TARABELSI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL HEGG | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 N PHILLIPS AVENUE, SIOUX FALLS, SD 57104-6052
- Mailing address (990-N for 2021)
- 200 N Phillips Ave Ste 102, Sioux Falls SD 57104
- Principal officer (990 for 2024)
- TERI SCHMIDT, 200 N PHILLIPS AVE STE 102, SIOUX FALLS, SD 57104
- Principal officer (990-N for 2021)
- Teri Schmidt, 200 N Phillips Ave Ste 102, Sioux Falls SD 57104
- Signed the 990
- TERI SCHMIDT, CEO
- Phone
- (605) 275-6060
- Website
- experiencesiouxfalls.com
- Return prepared by
- SOLUTION CPA
Mission
EXPERIENCE SIOUX FALLS WORKS WITH STRATEGIC PARTNERS TO MARKET SIOUX FALLS, SOUTH DAKOTA, DEVELOP TOURISM, AND STRENGTHEN EVENTS PROVIDING POSITIVE ECONOMIC IMPACT TO THE SIOUX FALLS COMMUNITY.
Program accomplishments
- EXPERIENCE SIOUX FALLS, FORMERLY THE SIOUX FALLS CONVENTION AND VISITORS BUREAU, IS FUNDED BY TWO SOURCES. WHEN THE ORGANIZATION WAS CREATED IN THE EARLY 70'S, THE CITY AGREED TO FUND THE GROUP THROUGH A 1% ROOM TAX PLUS 500,000 FROM THE GENERAL FUND. THIS ROOM RAX WAS COLLECTED FROM ALL SIOUX FALLS HOTELS AND DIRECTED TO THE ORGANIZATION. IN 2011, A BID (BUSINESS IMPROVEMENT DISTRICT) WAS FORMED BY SIOUX FALLS HOTELS, IN COOPERATION WITH THE CITY OF SIOUX FALLS, TO FURTHER FUND EXPERIENCE SIOUX FALLS FOR THE PURPOSE OF REMAINING COMPETITIVE IN SALES AND MARKETING. THE BID BECAME EFFECTIVE ON JANUARY 1, 2011, VIA CITY ORDINANCE AND IS COLLECTED FROM ALL HOTELS WITH 40+ ROOMS IN THE CITY LIMITS OF SIOUX FALLS. IT WAS AT THIS TIME THAT THE 500,000 WAS NO LONGER PROVIDED TO EXPERIENCE SIOUX FALLS. EXPERIENCE SIOUX FALLS (ESF) - FORMERLY KNOWN AS CONVENTION & VISITORS BUREAU (CVB), EXISTS TO BRING VISITORS TO SIOUX FALLS TO CREATE ECONOMIC IMPACT THROUGHOUT THE CITY, I.E.: HOTEL ROOM TAX, SALES TAX, AND JOBS. IN 2024, ESF BOOKED 111 CONVENTIONS, MEETINGS, AND EVENTS INVOLVING 55,633 PEOPLE. ESF DISTRIBUTED 76,489 VISITOR GUIDES VIA MAIL, DIRECT MAIL, READER RESPONSE, DOWNLOADS, AND ONLINE VIEWS TO LEISURE TRAVELERS ACROSS THE UNITED STATES, AS WELL AS DISTRIBUTED LOCALLY TO APPROXIMATELY 200 LOCATIONS IN SIOUX FALLS. IN 2024, THE TOTAL NUMBER OF VISITORS TO SIOUX FALLS ESTIMATED BY ESF IS 1,117,647. ESF SERVICED 56 CONVENTIONS, MEETINGS AND EVENTS INVOLVING 187,767 PEOPLE. ESF PRINTS PUBLICATIONS SUCH AS SIOUX FALLS VISITOR GUIDE (130,000). ESF TRAVELS NATIONWIDE MAKING SALES CALLS AND BID PRESENTATIONS TO BRING NEW BUSINESS TO THE CITY. DIGITAL AND PRINT SALES AND MARKETING PROGRAMS ARE COMPLETED TO ADVERTISE THE CITY THROUGHOUT THE COUNTRY. THE VISITOR INFORMATION CENTER AT FALLS PARK IS ALSO MANAGED BY ESF.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-3484216
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $5,831,812
- Income (IRS master file)
- $4,535,492
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,907,843 | $3,581,266 | $5,831,812 | IRS |
| 990 | December 2023 | $3,773,001 | $3,426,168 | $5,312,496 | XML |
| 990 | December 2022 | $5,111,861 | $1,003,834 | $4,763,755 | IRS |
| 990-N for 2021 Officer: Teri Schmidt | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-3484216).
Questions about EXPERIENCE SIOUX FALLS
- What is the EIN of EXPERIENCE SIOUX FALLS?
- The employer identification number (EIN) of EXPERIENCE SIOUX FALLS is 87-3484216.
- Is EXPERIENCE SIOUX FALLS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2022.
- Are donations to EXPERIENCE SIOUX FALLS tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EXPERIENCE SIOUX FALLS 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 EXPERIENCE SIOUX FALLS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EXPERIENCE SIOUX FALLS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of EXPERIENCE SIOUX FALLS?
- The 990 for the year ended December 31, 2024 names TERI SCHMIDT.
- Who are the officers and directors of EXPERIENCE SIOUX FALLS?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $172,996 (TERI SCHMIDT, CEO).
- How much revenue does EXPERIENCE SIOUX FALLS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,907,843, expenses of $3,581,266 and total assets of $5,831,812 at year end.
Other nonprofits in SIOUX FALLS
- SOUTH EASTERN DEVELOPMENT FOUNDATION EIN 30-0017659 · last filed 990 for 2025
- MOUNTAIN PLAINS COMMUNITY DEVELOPMENT CORPORATION EIN 92-0666369 · last filed 990 for 2025
- ATM INDUSTRY ASSOCIATION EIN 26-0024403 · last filed 990 for 2025
- DAKOTA BUSINESS FINANCE EIN 20-4158141 · last filed 990 for 2025
- SOUTH DAKOTA TRADE ASSOCIATION EIN 92-0799016 · last filed 990 for 2025
- SOUTH DAKOTA ASSOCIATION OF HEALTHCARE ORGANIZATIONS HEALTHCAR EIN 37-1835290 · last filed 990 for 2025
- STARTUP SIOUX FALLS EIN 81-0585921 · last filed 990 for 2025
- SOUTH DAKOTA DEVELOPMENT CORPORATION EIN 46-0404566 · last filed 990 for 2025
All nonprofits in SIOUX FALLS · South Dakota · Community improvement and capacity building