Totals
- Total revenue
- $297,693
- Total expenses
- $371,298
- Contributions and grants received
- $125,500
- Grants paid
- $0
- Program service revenue
- $170,601
- Investment income
- $1,592
- Other revenue
- $0
- Total assets, end of year
- $795,922
- Total liabilities, end of year
- $42,409
- Net assets or fund balances, end of year
- $753,513
- Program services expenses (Part IX)
- $329,082
- Management and general expenses
- $42,216
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $329,082
Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$72,000
-
1f · All other contributions, gifts and grants
$53,500
-
2a · Program service revenue: Event Income
total $62,036 · related or exempt $62,036
-
2b · Program service revenue: Fee Income
total $108,565 · related or exempt $108,565
-
3 · Investment income
total $1,592 · related or exempt $1,592
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $137,000 · program services $137,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $112,055 · program services $112,055
-
8 · Pension plan contributions
total $11,917 · program services $11,917
-
9 · Other employee benefits
total $9,395 · program services $9,395
-
10 · Payroll taxes
total $18,384 · program services $18,384
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $7,707 · management and general $7,707
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $7,809 · management and general $7,809
-
14 · Information technology
total $13,461 · management and general $13,461
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,422 · management and general $12,422
-
17 · Travel
total $13,288 · program services $13,288
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $632 · management and general $632
-
24a · Other expenses: Event Expense
total $27,043 · program services $27,043
-
24b · Other expenses: Other Expenses
total $185 · management and general $185
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $86,756 · end of year $43,034
-
2 · Savings and temporary cash investments
beginning of year $700,584 · end of year $652,146
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $44,517 · end of year $75,410
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $306 · end of year $306
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $1,380 · end of year $25,026
-
17 · Accounts payable and accrued expenses
beginning of year $6,425 · end of year $17,295
-
19 · Deferred revenue
end of year $1,200
-
25 · Other liabilities
end of year $23,914
-
27 · Net assets without donor restrictions
beginning of year $827,118 · end of year $753,513
Mission and programs · 2022
Mission
To support and enhance educational, commercialization, research and business development opportunities for faculty and students at educational institutions within the state of South Dakota in partnership with industry by facilitating outreach, educational events, and technical assistance; to assist the economic development of South Dakota through encouragement of and assistance to the entrepreneurial enterprises.
-
Business Resource Center - The Enterprise Institute provides confidential business consulting services for independent inventors, researchers, and high-growth entrepreneurs in our region.
Expenses $154,982 · Revenue $108,565
-
The Enterprise Institute contracts with the South Dakota Small Business Development Center to offer confidential and free business consulting services to individuals and businesses looking to start or expand a business in Brookings County. The Institute also offers research support to the entire South Dakota Small Business Development Center in South Dakota.
Expenses $147,057 · Revenue $108,000
-
The Innovation Expo is an entrepreneurship conference where we celebrate the inventors, entrepreneurs, and investors who grow new technologies and businesses in our region. The event features keynote speaker presentations, panel discussions, educational sessions and also networking opportunities.
Expenses $27,043 · Revenue $62,036
As filed on the 2022 return.
Listed in Part VII
-
Tom Eitreim
Executive Director
- Total calculated
- $147,855
- From this org
- $137,000
- From related orgs
- $0
- Other
- $10,855
- Hours/week
- 40
-
Duane Sander
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Al Kurtenbach
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Keith Bartels
Sec/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Ed Cannon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Errol EerNisse
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel Scholl
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jerome Lohr
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Morgan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad Wheeler
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311299349300926
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