Totals
- Total revenue
- $2,104,533
- Total expenses
- $971,392
- Contributions and grants received
- $1,737,678
- Grants paid
- $0
- Program service revenue
- $161,553
- Investment income
- $205,302
- Other revenue
- $0
- Total assets, end of year
- $6,661,750
- Total liabilities, end of year
- $642,870
- Net assets or fund balances, end of year
- $6,018,880
- Program services expenses (Part IX)
- $713,745
- Management and general expenses
- $174,481
- Fundraising expenses
- $83,166
- Program service expenses (Part III)
- $713,745
Program services were 73.5% 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.
-
1d · Related organizations
$225,000
-
1e · Government grants (contributions)
$302,888
-
1f · All other contributions, gifts and grants
$1,209,790
-
1g · Noncash contributions included above
$281,698
-
2a · Program service revenue: OFFICE RELATED SERVICES
total $161,553 · related or exempt $161,553
-
3 · Investment income
total $205,936 · excluded $205,936
-
7a · Gross sales of assets other than inventory
other assets $1,500
-
7b · Less cost or other basis and sales expenses
other assets $2,134
-
7c · Gain or loss
other assets -$634
-
7d · Net gain or loss
total -$634 · related or exempt -$634
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $306,446 · program services $229,835 · management and general $24,515 · fundraising $52,096
-
8 · Pension plan contributions
total $17,411 · program services $13,058 · management and general $1,393 · fundraising $2,960
-
9 · Other employee benefits
total $70,866 · program services $53,150 · management and general $5,669 · fundraising $12,047
-
10 · Payroll taxes
total $26,058 · program services $19,543 · management and general $2,085 · fundraising $4,430
-
11c · Fees: accounting
total $43,132 · program services $19,409 · management and general $23,723
-
11g · Fees: other
total $59,677 · program services $59,677
-
12 · Advertising and promotion
total $51,818 · program services $51,818
-
13 · Office expenses
total $52,357 · program services $44,504 · management and general $3,141 · fundraising $4,712
-
14 · Information technology
total $97,069 · program services $94,157 · management and general $2,912
-
16 · Occupancy
total $97,500 · management and general $97,500
-
17 · Travel
total $4,276 · program services $3,207 · management and general $342 · fundraising $727
-
19 · Conferences, conventions and meetings
total $4,481 · program services $4,033 · management and general $448
-
20 · Interest
total $6,556 · management and general $6,556
-
22 · Depreciation, depletion and amortization
total $43,089 · program services $41,796 · management and general $1,293
-
23 · Insurance
total $9,076 · program services $8,441 · management and general $635
-
24a · Other expenses: TELECOMMUNICATION SERVICE
total $27,124 · program services $20,343 · management and general $2,170 · fundraising $4,611
-
24b · Other expenses: MAINTENANCE
total $25,548 · program services $24,782 · management and general $766
-
24c · Other expenses: UTILITIES
total $15,150 · program services $14,695 · management and general $455
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $9,314 · program services $6,986 · management and general $745 · fundraising $1,583
-
24e · All other expenses
total $4,444 · program services $4,311 · management and general $133
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,175,372 · end of year $317,418
-
2 · Savings and temporary cash investments
end of year $656,800
-
3 · Pledges and grants receivable
beginning of year $12,187 · end of year $540,539
-
4 · Accounts receivable
end of year $48,546
-
7 · Other notes and loans receivable
beginning of year $3,449,887 · end of year $3,413,728
-
9 · Prepaid expenses and deferred charges
beginning of year $809 · end of year $16,484
-
10a · Land, buildings and equipment: cost or other basis
$1,558,849
-
10b · Land, buildings and equipment: accumulated depreciation
$90,615
-
10c · Land, buildings and equipment, net
beginning of year $267,890 · end of year $1,468,234
-
11 · Investments: publicly traded securities
beginning of year $200,001 · end of year $200,001
-
17 · Accounts payable and accrued expenses
beginning of year $115,326 · end of year $79,012
-
23 · Secured mortgages and notes payable
beginning of year $5,755 · end of year $356,518
-
25 · Other liabilities
beginning of year $99,326 · end of year $207,340
-
27 · Net assets without donor restrictions
beginning of year $4,885,739 · end of year $6,018,880
Mission and programs · 2022
Mission
THE MISSION OF STARTUP SIOUX FALLS IS TO CREATE A THRIVING EPICENTER OF ENTREPRENEURSHIP AND PIPELINE OF DEMERGING RAPID GROWTH BUSISSES TO EXPAND AND DIVERSIFY THE SIOUX FALLS ECONOMY BY PROVIDING INCUBATOR, ACCELERATOR, AND OTHER ENTREPRENEURIAL DEVELOP SERVICES TO THESE BUSINESSES.
Activities or mission (Part I)
THE PURPOSE OF STARTUP SIOUX FALLS IS TO CREATE A THRIVING EPICENTER OR ENTREPRENEURSHIP AND PIPELINE OF EMERGING RAPID GROWTH BUSINESSES TO EXPAND AND DIVERSIFY THE SIOUX FALLS ECONOMY BY PROVIDING INCUBATOR, ACCELERATOR, AND OTHER ENTREPREURIAL DEVELOPMENT SERVICES TO THESE BUSINESSES.
-
TO ASSIST IN THE DEVELOPMENT AND EXPANSION OF EMERGING RAPID GROWTH BUSINESSES IN THE SIOUX FALLS REGION. TO PROVIDE OFFICE SPACE ALONG WITH OTHER ENTREPRENEURIAL SERIVCES TO THESE BUSINESSES.
Expenses $713,745 · Revenue $161,553
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bob Mundt Ed Sioux Falls Dev FdBOB MUNDT ED SIOUX FALLS DEV FD
DIRECTOR
- Total calculated
- $285,507
- From this org
- $0
- From related orgs
- $228,684
- Other
- $56,823
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $202,684 related
- Bonus
- not reported + $20,000 related
- Other
- not reported + $6,000 related
- Deferred
- not reported + $14,454 related
- Nontaxable benefits
- not reported + $42,369 related
- Filer's total
- not reported + $285,507 related
-
Jeff Griffin Ed Greater Sf ChamberJEFF GRIFFIN ED GREATER SF CHAMBER
DIRECTOR
- Total calculated
- $231,912
- From this org
- $0
- From related orgs
- $215,116
- Other
- $16,796
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $215,116 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $16,796 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $231,912 related
-
Brienne ManerBRIENNE MANER
PRESIDENT
- Total calculated
- $97,130
- From this org
- $0
- From related orgs
- $89,859
- Other
- $7,271
- Hours/week
- 40
-
Bill AndersonBILL ANDERSON
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kayla EitreimKAYLA EITREIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allie HartzlerALLIE HARTZLER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jason HerrboldtJASON HERRBOLDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike LynchMIKE LYNCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John MeyerJOHN MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy MooreAMY MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew PaulsonMATTHEW PAULSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mike RidderMIKE RIDDER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Karla SantiKARLA SANTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Keith SeversonKEITH SEVERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul TschetterPAUL TSCHETTER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Steve WatsonSTEVE WATSON
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
SIOUX FALLS DEVELOPMENT FOUNDATION
501C6 · SD
-
SIOUX FALLS AREA CHAMBER OF COMMERC
501C6 · SD
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
FORWARD SIOUX FALLS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430379349301333
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