Form 990 for tax year 2023
Filed by SOUTH DAKOTA DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $640,183
- Total expenses
- $550,462
- Contributions and grants received
- $150,000
- Grants paid
- $0
- Program service revenue
- $487,286
- Investment income
- $2,897
- Other revenue
- $0
- Total assets, end of year
- $182,348
- Total liabilities, end of year
- $252,620
- Net assets or fund balances, end of year
- -$70,272
- Program services expenses (Part IX)
- $421,336
- Management and general expenses
- $129,126
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 76.5% 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)
$150,000
-
2a · Program service revenue: FEE INCOME
total $454,277 · related or exempt $454,277
-
2b · Program service revenue: OTHER INCOME
total $33,009 · related or exempt $33,009
-
3 · Investment income
total $2,897 · excluded $2,897
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $105,445 · program services $81,931 · management and general $23,514
-
7 · Other salaries and wages
total $197,492 · program services $180,734 · management and general $16,758
-
8 · Pension plan contributions
total $12,325 · program services $9,577 · management and general $2,748
-
9 · Other employee benefits
total $10,499 · program services $8,158 · management and general $2,341
-
10 · Payroll taxes
total $23,817 · program services $18,542 · management and general $5,275
-
11b · Fees: legal
total $46,021 · program services $41,995 · management and general $4,026
-
11c · Fees: accounting
total $17,523 · management and general $17,523
-
11g · Fees: other
total $810 · management and general $810
-
12 · Advertising and promotion
total $33,834 · program services $33,834
-
13 · Office expenses
total $6,933 · management and general $6,933
-
16 · Occupancy
total $24,971 · management and general $24,971
-
17 · Travel
total $6,224 · program services $6,224
-
19 · Conferences, conventions and meetings
total $1,798 · program services $1,798
-
22 · Depreciation, depletion and amortization
total $3,228 · program services $1,734 · management and general $1,494
-
23 · Insurance
total $10,224 · program services $8,744 · management and general $1,480
-
24a · Other expenses: INTEREST
total $17,016 · management and general $17,016
-
24b · Other expenses: LEGAL DOCUMENT FEES
total $12,554 · program services $12,554
-
24c · Other expenses: CDC VENTURE
total $10,200 · program services $10,200
-
24d · Other expenses: OTHER EXPENSES
total $5,002 · program services $765 · management and general $4,237
-
24e · All other expenses
total $4,546 · program services $4,546
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $33,622 · end of year $14,349
-
9 · Prepaid expenses and deferred charges
beginning of year $8,219 · end of year $12,874
-
10a · Land, buildings and equipment: cost or other basis
$50,529
-
10b · Land, buildings and equipment: accumulated depreciation
$49,077
-
10c · Land, buildings and equipment, net
beginning of year $4,680 · end of year $1,452
-
15 · Other assets
beginning of year $68,616 · end of year $153,673
-
17 · Accounts payable and accrued expenses
beginning of year $5,334
-
25 · Other liabilities
beginning of year $269,796 · end of year $252,620
-
27 · Net assets without donor restrictions
beginning of year -$159,993 · end of year -$220,272
-
28 · Net assets with donor restrictions
end of year $150,000
Mission and programs · 2023
Mission
THE PRINCIPLE OBJECTIVE OF THE CORPORAITON SHALL BE TO BENEFIT THE STATE OF SOUTH DAKOTA BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THIS STATE.
-
SOUTH DAKOTA DEVELOPMENT CORPORATION FURTHERS THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF SOUTH DAKOTA BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SOUTH DAKOTA, INCLUDING SMALL BUSINESS.
As filed on the 2023 return.
Listed in Part VII
-
Bradley JankordBRADLEY JANKORD
VP OF LENDIN
- Total calculated
- $122,144
- From this org
- $122,144
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer ObergJENNIFER OBERG
EXECUTIVE DI
- Total calculated
- $105,445
- From this org
- $105,445
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Eric ChristiansonERIC CHRISTIANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Drew DuncanDREW DUNCAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Joni EkstrumJONI EKSTRUM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Nate EngbersNATE ENGBERS
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Jesse FonkertJESSE FONKERT
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Brent HeinertBRENT HEINERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Julie JohnsonJULIE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jeremy KeizerJEREMY KEIZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dan KolbergDAN KOLBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Michelle MaloneyMICHELLE MALONEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
David MunsonDAVID MUNSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Russel OlsonRUSSEL OLSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Kyle PetersKYLE PETERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Brooke RollagBROOKE ROLLAG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
John SchrammJOHN SCHRAMM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Randy SnydersRANDY SNYDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Alex SoundyALEX SOUNDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Luke TibbetsLUKE TIBBETS
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 3
-
Kevin WagnerKEVIN WAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
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
- 2023
- Filed
- 15 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401439349300045
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