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 2025 filing shows $3.5M in revenue, $2.0M in expenses, $28.7M in total assets. 8 publicly reported grants to this organization, totaling roughly $347K, appear in IRS filings.

EIN: 300017659 Sioux Falls, SD Rural Economic Development NTEE: S32 Latest filing: 2025
Total Revenue$3.5M
Total Expenses$2.0M
Total Assets$28.7M
Grant Records8
Funding Total$347K
Filing Years2021–2025

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 Eric Kirlvliet
Vice President Jeremy Kizer
President & CEO Lynne Keller Forbes
President Mike Gray

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
2025 $3.5M $2.0M $28.7M
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

Between 2021 and 2025, reported annual revenue declined from $4.5M to $3.5M (-22%), with total assets most recently reported at $28.7M.

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

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