Form 990 for tax year 2022
Filed by GREATER SIOUX FALLS CHAMBER OF COMMERCE.
Totals
- Total revenue
- $3,983,306
- Total expenses
- $3,784,052
- Contributions and grants received
- $1,616,303
- Grants paid
- $0
- Program service revenue
- $1,488,371
- Investment income
- $41,188
- Other revenue
- $837,444
- Total assets, end of year
- $12,075,621
- Total liabilities, end of year
- $5,399,695
- Net assets or fund balances, end of year
- $6,675,926
- Program services expenses (Part IX)
- $1,843,258
- Management and general expenses
- $1,913,238
- Fundraising expenses
- $27,556
- Program service expenses (Part III)
- not reported
Program services were 48.7% 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.
-
1b · Membership dues
$1,616,303
-
2a · Program service revenue: PROGRAM SERVICES
total $848,671 · related or exempt $848,671
-
2b · Program service revenue: FORWARD SIOUX FALLS FUNDING
total $639,700 · related or exempt $639,700
-
3 · Investment income
total $41,188 · excluded $41,188
-
6a · Gross rents
real property $481,636
-
6c · Rental income or loss
real property $481,636
-
6d · Net rental income or loss
total $481,636 · excluded $481,636
-
11a · Other revenue: OTHER REVENUE
total $183,805 · related or exempt $183,805
-
11b · Other revenue: ADVERTISING INCOME
total $172,003 · unrelated business $172,003
-
11e · Other revenue, total
$355,808
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $441,457 · program services $194,241 · management and general $242,802 · fundraising $4,414
-
7 · Other salaries and wages
total $992,067 · program services $431,958 · management and general $545,217 · fundraising $14,892
-
8 · Pension plan contributions
total $76,498 · program services $33,416 · management and general $42,052 · fundraising $1,030
-
9 · Other employee benefits
total $112,837 · program services $49,290 · management and general $62,027 · fundraising $1,520
-
10 · Payroll taxes
total $103,401 · program services $45,168 · management and general $56,840 · fundraising $1,393
-
11g · Fees: other
total $335,504 · program services $232,476 · management and general $102,885 · fundraising $143
-
12 · Advertising and promotion
total $102,309 · program services $101,608 · management and general $684 · fundraising $17
-
13 · Office expenses
total $114,650 · program services $104,591 · management and general $9,820 · fundraising $239
-
14 · Information technology
total $122,413 · program services $65,107 · management and general $55,966 · fundraising $1,340
-
16 · Occupancy
total $397,687 · program services $99,838 · management and general $297,732 · fundraising $117
-
17 · Travel
total $42,430 · program services $30,864 · management and general $11,289 · fundraising $277
-
19 · Conferences, conventions and meetings
total $240,388 · program services $237,787 · management and general $2,539 · fundraising $62
-
20 · Interest
total $198,803 · management and general $198,803
-
22 · Depreciation, depletion and amortization
total $203,065 · program services $23,120 · management and general $179,276 · fundraising $669
-
23 · Insurance
total $32,665 · program services $7,517 · management and general $24,926 · fundraising $222
-
24a · Other expenses: OTHER EXPENSES
total $84,848 · program services $24,435 · management and general $59,698 · fundraising $715
-
24b · Other expenses: READERSHIP COSTS
total $78,506 · program services $78,506
-
24c · Other expenses: PRIZES AND AWARD
total $63,502 · program services $58,260 · management and general $5,117 · fundraising $125
-
24d · Other expenses: SPONSORSHIPS
total $24,738 · program services $16,912 · management and general $7,639 · fundraising $187
-
24e · All other expenses
total $16,284 · program services $8,164 · management and general $7,926 · fundraising $194
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $975,180 · end of year $401,187
-
2 · Savings and temporary cash investments
beginning of year $98,083 · end of year $592,413
-
4 · Accounts receivable
beginning of year $271,323 · end of year $201,115
-
9 · Prepaid expenses and deferred charges
beginning of year $72,999 · end of year $58,090
-
10a · Land, buildings and equipment: cost or other basis
$6,681,072
-
10b · Land, buildings and equipment: accumulated depreciation
$648,402
-
10c · Land, buildings and equipment, net
beginning of year $5,895,920 · end of year $6,032,670
-
11 · Investments: publicly traded securities
beginning of year $1,568,427 · end of year $1,774,716
-
12 · Investments: other securities
beginning of year $298 · end of year $665
-
15 · Other assets
beginning of year $2,442,870 · end of year $3,014,765
-
17 · Accounts payable and accrued expenses
beginning of year $286,050 · end of year $286,897
-
19 · Deferred revenue
beginning of year $806,656 · end of year $821,397
-
23 · Secured mortgages and notes payable
beginning of year $4,440,631 · end of year $4,291,401
-
27 · Net assets without donor restrictions
beginning of year $3,328,883 · end of year $3,645,151
-
28 · Net assets with donor restrictions
beginning of year $2,462,880 · end of year $3,030,775
Mission and programs · 2022
Mission
AS THE LEADING BUSINESS ADVOCATE FOR THE AREA, THE GREATER SIOUX FALLS CHAMBER OF COMMERCE REPRESENTS ITS MEMBERS BY BUILDING CONSENSUS AND CREATING STRATEGIES THAT ADVANCE AND PROMOTE ECONOMIC HEALTH AND QUALITY OF LIFE IN THE REGION.
Activities or mission (Part I)
BUILD A STRONG COMMUNITY THROUGH MEMBER-DRIVEN PROGRAMMING THAT FOCUSES ON ECONOMIC HELP AND QUALITY OF LIFE IN OUR AREA.
-
MEMBER SERIVICES - MEMBERS SERVICES CONSISTS OF COMMITTEES SUCH AS THE AMBASSADOR COMMITTEE (PROVIDES A STABLE SOURCE OF INCOME VIA DUES BY SECURING NEW CHAMBER MEMBERSHIPS); DIPLOMAT COMMITTEE (MAINTAINS MEMBERSHIP STRENGTH IN THE GREAT SIOUX FALLS CHAMBER OF COMMERCE); MILITARY AND VERTERANS AFFAIRS COMMITTEE (IMPROVES THE EQUALITY OF LIFE FOR ALL ACTIVE, GUARD, RESERVE, RETIRED AND DISABLED MILITARY PERSONNEL AND THEIR FAMILIES). THE MEMBERS SERVICES DIVISION SPONSORED THE FOLLOWING EVENTS: ANNUAL MEETING (MEMBERSHIP-WIDE EVENT TO CELEBRATE THE PAST YEAR'S SUCCESSES AND INTRODUCE NEW LEADERS AND PLANS FOR THE UPCOMING FISCAL YEAR; MORNING MINGLES, IN PERSON EVENTS, AND VIRTUAL EVENTS.
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THE AGRIBUSINESS DIVISION'S MISSION IS TO ADVANCE AND PROMOTE THE SIOUX EMPIRE AS AN AGRICULTURAL CENTER THROUGH EVENTS THAT PROVIDE A HIGHER VISIBILITY OF THE INDUSTRY AND PROGRAMS TO ENRICH THE ECONOMIC STABILITY OF RURAL SOCIETY AND THOSE ASSOCIATED WITH BUSINESS INVOLVED WITH AGRICULTURE. EXAMPLES OF ANNUAL AGRIBUSINESS DIVISION EVENTS THAT CAPITALIZE ON THE DIVISION'S TRUE PURPOSE: SIOUX EMPIRE LIVESTOCK SHOW, AG APPRECIATION DAY AND NATIONAL FARMER'S DAY AT THE BARN. WHILE ADVANCING AND PROMOTING THE AGRIGCULTURE INDUSTRY STAND AS THE PRIMARY GOAL OF THE AGRIBUSINESS DIVISION, ALL ACTIVITIES AND FUNCTIONS OF THE DIVISION SERVE AS OPPORTUNITIES FOR FURTHER AGRICULTURAL EDUCATION AND COMMUNICATION BETWEEN THE CITY AND THE COMMUNITY.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeffrey GriffinJEFFREY GRIFFIN
CEO
- Total calculated
- $247,812
- From this org
- $215,116
- From related orgs
- $0
- Other
- $32,696
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,159
- Bonus
- $18,957
- Other
- not reported
- Deferred
- $31,554
- Nontaxable benefits
- $1,142
- Filer's total
- $247,812
-
Joan BartlingJOAN BARTLING
FINANCE DIRE
- Total calculated
- $153,375
- From this org
- $121,190
- From related orgs
- $0
- Other
- $32,185
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $111,190
- Bonus
- $10,000
- Other
- not reported
- Deferred
- $8,229
- Nontaxable benefits
- $23,956
- Filer's total
- $153,375
-
Michael LynchMICHAEL LYNCH
EXECUTIVE DI
- Total calculated
- $123,703
- From this org
- $105,151
- From related orgs
- $0
- Other
- $18,552
- Hours/week
- 40
-
Miles BeacomMILES BEACOM
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Joe BunkersJOE BUNKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim BurmaKIM BURMA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tamien DysartTAMIEN DYSART
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kayla EitreimKAYLA EITREIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jose-Marie GriffithsDR JOSE-MARIE GRIFFITHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul HansonPAUL HANSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jason HerrboldtJASON HERRBOLDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Derrick LarsonDERRICK LARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff LauttJEFF LAUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott LawrenceSCOTT LAWRENCE
CHAIR ELECT
- Total calculated
- $0
- Hours/week
- 1
-
Tolcha MeseleTOLCHA MESELE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jacob QuasneyJACOB QUASNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy SavageNANCY SAVAGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nathan StallingaNATHAN STALLINGA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vicki StewartVICKI STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy StockbergerAMY STOCKBERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob SuttonBOB SUTTON
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
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.
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GREATER SF CHAMBER OF COMMERCE
527 · FUNDING · SD
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410409349300616
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