Public Charity

South Eastern Development Foundation

South Eastern Development Foundation, of Sioux Falls, SD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $3.6M in revenue, $1.5M in expenses, $26.4M in total assets. 8 publicly reported grants to this organization, totaling roughly $347K, appear in IRS filings.

EIN: 300017659 Sioux Falls, SD Latest filing: 2024
Total Revenue$3.6M
Total Expenses$1.5M
Total Assets$26.4M
Grant Records8
Funding Total$347K
Filing Years2020–2024

Mission

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives

Officers & Directors

Director Autumn Kaufhold
Sec/Treasurer Bryan Hakeman
Director Dave Kroll
President & CEO Lynne Keller Forbes
President Paul Tschetter
Vice President Rich Naser

Officer compensation and complete director data available with membership.

Top Grant Purposes

Economic Development
$270,000 3 grants
FOR OPERATIONAL SUPPORT
$47,197 1 grant
Community welfare and betterment
$10,000 1 grant
GRANT DISTRIBUTION FOR RIVERLINE DISTRICT
$10,000 1 grant
PROGRAM SUPPORT
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $3.6M $1.5M $26.4M
2023 $2.4M $1.3M $24.9M
2022 $2.3M $1.7M $24.4M
2021 $4.5M $737K $22.5M
2020 $4.2M $365K $17.4M

Between 2020 and 2024, reported annual revenue declined from $4.2M to $3.6M (-15%), with total assets most recently reported at $26.4M.

Interactive year-over-year charts and full filing details available with membership.

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