Mission
Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives
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
Where $100 goes at South Eastern Development Foundation
How South Eastern Development Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$86
Programs
the work itself
$14
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $86 for programs
$46
The revolving loan fund program is used for community and economic development
$40
Housing Financing and development provides affordable housing opportunities to low and moderate income families in the region
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
Economic Development
$120,000
Economic Development
$110,000
GRANT DISTRIBUTION FOR RIVERLINE DISTRICT
$10,000
Economic Development
$40,000
PROGRAM SUPPORT
$10,000
Showing up to 5 of 8 total records — full history available with membership.
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
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.