Mission
TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS.
Public Charity
SIOUX FALLS DEVELOPMENT FOUNDATION INC
SIOUX FALLS DEVELOPMENT FOUNDATION INC, of SIOUX FALLS, SD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $9.3M in revenue, $2.6M in expenses, $106.5M in total assets. 3 publicly reported grants to this organization, totaling roughly $191K, appear in IRS filings.
EIN: 460243934
SIOUX FALLS, SD
Latest filing: 2025
Total Revenue$9.3M
Total Expenses$2.6M
Total Assets$106.5M
Grant Records3
Funding Total$191K
Filing Years2021–2025
Where $100 goes at Sioux Falls Development Foundation Inc
How Sioux Falls Development Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$97
Programs
the work itself
$3
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 $97 for programs
$33
The Sioux Falls Development Foundation seeks to promote the general welfare of the city of Sioux Falls, sd and the surrounding community by fostering business and employment
$32
Partners with various organizations to assist new and existing business, market or community and foster emerging industries, promote international trade services office for the state of south dakota
$32
The organization places a strong emphasis on workforce development
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
$112,520
CAREER CONNECTIONS PROGRAM
$68,400
Sponsorship
$10,000
Showing up to 5 of 3 total records — full history available with membership.
Officers & Directors
DIRECTOR
Aj Saigh
DIRECTOR
Al Spencer
PRESIDENT &
Bob Mundt
DIRECTOR
Chris Daugaard
DIRECTOR
Chris Ekstrum
CHAIR ELECT
Clark Meyer
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $9.3M | $2.6M | $106.5M |
| 2024 | $21.6M | $19.0M | $99.3M |
| 2023 | $16.8M | $2.8M | $87.1M |
| 2022 | $9.6M | $2.1M | $66.2M |
| 2021 | $7.7M | $2.3M | $50.6M |
Between 2021 and 2025, reported annual revenue grew from $7.7M to $9.3M (+21%), with total assets most recently reported at $106.5M.
Interactive year-over-year charts and full filing details available with membership.