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SOUTH DAKOTA DEVELOPMENT CORPORATION

EIN 46-0404566 SIOUX FALLS, SD

Browse the largest nonprofits in South Dakota

Revenue 2025
$717,194
Expenses 2025
$636,472

Program services were 75.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S43
Classification
1000
Street
196 E 6TH ST STE 200

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

2 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 200). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

The principle objective of the corporation 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.

    Expenses $479,229 · Revenue $697,849

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jennifer Oberg

    Executive Dir.

    Total calculated
    $109,095
    From this org
    $109,095
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Eric Christianson

    Director

    Total calculated
    $0
    Hours/week
    3
  • Drew Duncan

    Director

    Total calculated
    $0
    Hours/week
    3
  • Joni Ekstrum

    Vice Chairman

    Total calculated
    $0
    Hours/week
    3
  • Nate Engbers

    Director

    Total calculated
    $0
    Hours/week
    3
  • Alex Soundy

    Secretary

    Total calculated
    $0
    Hours/week
    3
  • Brent Heinert

    Treasurer

    Total calculated
    $0
    Hours/week
    3
  • Julie Johnson

    Director

    Total calculated
    $0
    Hours/week
    3
  • Kyle Peters

    Director

    Total calculated
    $0
    Hours/week
    3
  • John Schramm

    Director

    Total calculated
    $0
    Hours/week
    3
  • Randy Snyders

    Director

    Total calculated
    $0
    Hours/week
    3
  • Luke Tibbetts

    Chairman

    Total calculated
    $0
    Hours/week
    3
  • Kevin Wagner

    Director

    Total calculated
    $0
    Hours/week
    3
  • Derek Simonsen

    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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $717,194
    Expenses
    $636,472
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $640,183
    Expenses
    $550,462
    Contributions
    $150,000
    Grants paid
    $0
  • 2022
    Revenue
    $433,578
    Expenses
    $560,859
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $274,179
    Expenses
    $500,668
    Assets (EOY)
    $70,437
  • 2020 · 990

    Revenue
    $204,440
    Expenses
    $409,922
    Assets (EOY)
    $201,610
  • 2019 · 990

    Revenue
    $105,262
    Expenses
    $315,807
    Assets (EOY)
    $421,912
  • 2018 · 990

    Revenue
    $141,740
    Expenses
    $13,417,306
    Assets (EOY)
    $613,464
  • 2017 · 990

    Revenue
    $380,588
    Expenses
    $148,846
    Assets (EOY)
    $13,885,370
  • 2016 · 990

    Revenue
    $1,611,705
    Expenses
    $3,151,484
    Assets (EOY)
    $13,451,285
  • 2015 · 990

    Revenue
    $276,827
    Expenses
    $204,147
    Assets (EOY)
    $14,991,064
  • 2014 · 990

    Revenue
    $435,631
    Expenses
    $213,075
    Assets (EOY)
    $14,918,384
  • 2013 · 990

    Revenue
    $2,446,960
    Expenses
    $442,335
    Assets (EOY)
    $16,695,828
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $2,597,677
    Assets (EOY)
    $16,564,651

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.