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South Dakota Development Corporation

C O Gover Office Of Economic Develo

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$640k (2023)

Expenses
$550k (2023)

Total Assets
$182k (2023)

Total Liabilities
$253k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$640,183
Expenses
$550,462
Net Income
$89,721
Net Assets
-$70,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $150,000
23.4%
Program Services $487,286
76.1%
Investment Income $2,897
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $105,445
19.2%
Professional Fundraising Fees $0
Other Salaries and Wages $197,492
35.9%
Assets/Debt
Total Assets $182,348
Total Liabilities $252,620
Net Assets -$70,272
Compensation
Key Employees and Officers Compensation Related Other
Bradley Jankord (Vp Of Lendin) $122,144 $0 $0
Jennifer Oberg (Executive Di) $105,445 $0 $0
Eric Christianson (Director) $0 $0 $0
Drew Duncan (Director) $0 $0 $0
Joni Ekstrum (Director) $0 $0 $0
Nate Engbers (Treasurer) $0 $0 $0
Jesse Fonkert (Secretary) $0 $0 $0
Brent Heinert (Director) $0 $0 $0
Julie Johnson (Director) $0 $0 $0
Jeremy Keizer (Director) $0 $0 $0
Dan Kolberg (Director) $0 $0 $0
Michelle Maloney (Director) $0 $0 $0
David Munson (Chairman) $0 $0 $0
Russel Olson (Director) $0 $0 $0
Kyle Peters (Director) $0 $0 $0
Brooke Rollag (Director) $0 $0 $0
John Schramm (Director) $0 $0 $0
Randy Snyders (Director) $0 $0 $0
Alex Soundy (Director) $0 $0 $0
Luke Tibbets (Vice Chairma) $0 $0 $0
Kevin Wagner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,578
Expenses
$560,859
Net Income
-$127,281
Net Assets
-$159,993
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $433,449
100.0%
Investment Income $129
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $123,915
22.1%
Professional Fundraising Fees $0
Other Salaries and Wages $193,661
34.5%
Assets/Debt
Total Assets $115,137
Total Liabilities $275,130
Net Assets -$159,993
Compensation
Key Employees and Officers Compensation Related Other
Bradley Jankord (Vp Of Lendin) $125,944 $0 $0
Jennifer Oberg (Executive Di) $123,915 $0 $0
Eric Christianson (Director) $0 $0 $0
Drew Duncan (Director) $0 $0 $0
Joni Ekstrum (Director) $0 $0 $0
Nate Engbers (Secretary) $0 $0 $0
Jesse Fonkert (Treasurer) $0 $0 $0
Brent Heinert (Director) $0 $0 $0
Julie Johnson (Director) $0 $0 $0
Jeremy Keizer (Director) $0 $0 $0
Dan Kolberg (Director) $0 $0 $0
Michelle Maloney (Director) $0 $0 $0
David Munson (Chairman) $0 $0 $0
Russel Olson (Director) $0 $0 $0
Kyle Peters (Director) $0 $0 $0
Brooke Rollag (Director) $0 $0 $0
John Schramm (Director) $0 $0 $0
Randy Snyders (Director) $0 $0 $0
Alex Soundy (Director) $0 $0 $0
Luke Tibbets (Vice Chairma) $0 $0 $0
Kevin Wagner (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$274,179
Expenses
$500,668
Net Income
-$226,489
Net Assets
-$32,712
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $273,772
99.9%
Investment Income $407
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $102,300
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $184,531
36.9%
Assets/Debt
Total Assets $70,437
Total Liabilities $103,149
Net Assets -$32,712
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Oberg (Executive Di) $102,300 $0 $0
Nate Engbers (Director) $0 $0 $0
Brent Heinert (Director) $0 $0 $0
Julie Johnson (Director) $0 $0 $0
Dan Kolberg (Director) $0 $0 $0
Michelle Maloney (Director) $0 $0 $0
David Munson (Vice Chairma) $0 $0 $0
Russel Olson (Chairman) $0 $0 $0
Brooke Rollag (Treasurer) $0 $0 $0
Fred Romkema (Director) $0 $0 $0
Terry Sabers (Director) $0 $0 $0
John Schramm (John Schramm) $0 $0 $0
Randy Snyders (Secretary) $0 $0 $0
Glen Schmeltzer (Director) $0 $0 $0
Luke Tibbets (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$204,440
Expenses
$409,922
Net Income
-$205,482
Net Assets
$193,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $201,790
98.7%
Investment Income $2,650
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $109,230
26.6%
Professional Fundraising Fees $0
Other Salaries and Wages $108,331
26.4%
Assets/Debt
Total Assets $201,610
Total Liabilities $7,833
Net Assets $193,777
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Oberg (Executive Di) $109,230 $0 $0
Brent Heinert (Director) $200 $0 $0
Dan Kolberg (Director) $200 $0 $0
Michelle Maloney (Director) $200 $0 $0
David Munson (Vice Chairma) $200 $0 $0
Brooke Rollag (Director) $200 $0 $0
John Schramm (John Schramm) $200 $0 $0
Randy Snyders (Secretary) $200 $0 $0
Fred Romkema (Director) $100 $0 $0
Julie Johnson (Director) $0 $0 $0
Russel Olson (Chairman) $0 $0 $0
Terry Sabers (Director) $0 $0 $0
Luke Tibbets (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$105,262
Expenses
$315,807
Net Income
-$210,545
Net Assets
$399,259
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $99,232
94.3%
Investment Income $6,030
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $104,553
33.1%
Professional Fundraising Fees $0
Other Salaries and Wages $49,346
15.6%
Assets/Debt
Total Assets $421,912
Total Liabilities $22,653
Net Assets $399,259
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Oberg (Executive Director) $86,450 $0 $6,703
Robert Thoen (Treasurer/Asst Sec.) $1,200 $0 $0
John Schramm (Director) $1,200 $0 $0
Randy Snyders (Director) $1,100 $0 $0
Robert Miller (Chairman) $1,000 $0 $0
David Munson (Vice Chairman) $1,000 $0 $0
Dan Kolberg (Director) $750 $0 $0
Fred Romkema (Secretary) $700 $0 $0
Russell Olson (Director) $700 $0 $0
Brent Heinert (Director (Beginning May 2019)) $700 $0 $0
Julie Johnson (Director (Beginning May 2019)) $650 $0 $0
James Borszich (Director) $600 $0 $0
Michelle Maloney (Director (Beginning May 2019)) $600 $0 $0
Ted Bangert (Director) $500 $0 $0
Brooke Rollag (Director (Beginning May 2019)) $500 $0 $0
Terry Sabers (Director) $200 $0 $0
Kim Easland (Director (Until May 2019)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$141,740
Expenses
$13,417,306
Net Income
-$13,275,566
Net Assets
$609,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $112,675
79.5%
Investment Income $29,065
20.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $72,514
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $30,108
0.2%
Assets/Debt
Total Assets $613,464
Total Liabilities $3,660
Net Assets $609,804
Compensation
Key Employees and Officers Compensation Related Other
Jennifer Oberg (Executive Director) $61,219 $0 $2,645
John Schramm (Director) $1,125 $0 $0
Robert Miller (Chairman) $1,100 $0 $0
David Munson (Vice Chairman) $1,000 $0 $0
Robert Thoen (Treasurer/Asst Sec.) $975 $0 $0
Fred Romkema (Secretary) $775 $0 $0
Russell Olson (Director) $775 $0 $0
Kim Easland (Director) $500 $0 $0
Randy Snyders (Director) $475 $0 $0
James Borszich (Director) $400 $0 $0
Robert Fouberg (Director (Until May 2018)) $375 $0 $0
Jody Bender (Director (Until May 2018)) $375 $0 $0
Matt Judson (Director (Until March 2018)) $300 $0 $0
Ted Bangert (Director) $175 $0 $0
Julie Johnson (Director) $175 $0 $0
Dan Kolberg (Director) $125 $0 $0
Terry Sabers (Director) $0 $0 $0
Paul Bison (Director (Until May 2018)) $0 $0 $0
Ben Kyte (Director (Until May 2018)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$380,588
Expenses
$148,846
Net Income
$231,742
Net Assets
$13,885,370
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $329,032
86.5%
Investment Income $114,613
30.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$63,057
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,925
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $300
0.2%
Assets/Debt
Total Assets $13,885,370
Total Liabilities $0
Net Assets $13,885,370
Compensation
Key Employees and Officers Compensation Related Other
Robert Miller (Chairman) $750 $0 $0
David R Munson (Vice Chairman) $750 $0 $0
Robert O Thoen (Director) $750 $0 $0
Fred W Romkema (Secretary) $675 $0 $0
Jody Bender (Director) $675 $0 $0
John Schramm (Director) $675 $0 $0
Robert J Fouberg (Director) $600 $0 $0
Matt Judson (Treasurer/Asst Sec.) $525 $0 $0
Russ Olson (Director) $525 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,611,705
Expenses
$3,151,484
Net Income
-$1,539,779
Net Assets
$13,451,285
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $192,988
12.0%
Investment Income $119,475
7.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,299,242
80.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,800
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $13,451,285
Total Liabilities $0
Net Assets $13,451,285
Compensation
Key Employees and Officers Compensation Related Other
Robert Miller (Chairman) $975 $0 $0
David R Munson (Vice Chairman) $975 $0 $0
Fred W Romkema (Secretary) $900 $0 $0
Matt Judson (Treasurer) $900 $0 $0
Robert O Thoen (Director) $900 $0 $0
Robert J Fouberg (Director) $900 $0 $0
Jody Bender (Director) $825 $0 $0
Russ Olson (Director) $675 $0 $0
John Schramm (Director) $525 $0 $0
Doug Knust Left In 2016 (Director) $225 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,827
Expenses
$204,147
Net Income
$72,680
Net Assets
$14,991,064
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $158,835
57.4%
Investment Income $117,992
42.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $6,525
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,991,064
Total Liabilities $0
Net Assets $14,991,064
Compensation
Key Employees and Officers Compensation Related Other
Robert O Thoen (Director) $900 $0 $0
David R Munson (Vice Chairman) $825 $0 $0
Robert Miller (Director) $825 $0 $0
Fred W Romkema (Secretary) $750 $0 $0
Robert J Fouberg (Chairman) $675 $0 $0
Doug Knust (Director) $675 $0 $0
Jody Bender (Director) $675 $0 $0
Matt Judson (Treasurer) $600 $0 $0
Russ Olson (Director) $600 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$435,631
Expenses
$213,075
Net Income
$222,556
Net Assets
$14,918,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $301,940
69.3%
Investment Income $197,757
45.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$150,294
Net Inventory Sales $0
Other Revenue $86,228
19.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $7,650
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $14,918,384
Total Liabilities $0
Net Assets $14,918,384
Compensation
Key Employees and Officers Compensation Related Other
Robert J Fouberg (Chairman) $1,050 $0 $0
David R Munson (Vice Chairman) $1,050 $0 $0
Robert O Thoen (Director) $1,050 $0 $0
Fred W Romkema (Secretary) $975 $0 $0
Robert Miller (Director) $900 $0 $0
Russ Olson (Director) $750 $0 $0
Doug Knust (Director) $675 $0 $0
Matt Judson (Treasurer) $600 $0 $0
Jody Bender (Director) $600 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,446,960
Expenses
$442,335
Net Income
$2,004,625
Net Assets
$16,695,828
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,000,000
81.7%
Program Services $211,253
8.6%
Investment Income $235,707
9.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $5,775
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,695,828
Total Liabilities $0
Net Assets $16,695,828
Compensation
Key Employees and Officers Compensation Related Other
Robert J Fouberg (Chairman) $900 $0 $0
David R Munson (Vice Chairman) $900 $0 $0
Robert Miller (Treasurer) $825 $0 $0
Doug Knust (Director) $825 $0 $0
Robert O Thoen (Director) $825 $0 $0
Fred W Romkema (Secretary) $750 $0 $0
Russ Olson (Director) $750 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,816,411
Expenses
$2,597,677
Net Income
$218,734
Net Assets
$16,564,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,060,000
73.1%
Program Services $599,132
21.3%
Investment Income $27,311
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $129,968
4.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $6,150
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,564,651
Total Liabilities $0
Net Assets $16,564,651

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,656,459
Expenses
$687,253
Net Income
$3,969,206
Net Assets
$16,345,917
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,220,000
90.6%
Program Services $339,796
7.3%
Investment Income $94,013
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,650
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $6,825
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,345,917
Total Liabilities $0
Net Assets $16,345,917

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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