Mission
The principle objective of the corporation shall be to benefit the state of South Dakota by fostering increased employment opportunities and expansion of business and industry for the citizens of this state.
Public Charity
South Dakota Development Corporation
South Dakota Development Corporation is a private foundation categorized as Public Charity based in Sioux Falls, SD. Its most recent IRS filing (2025) reports revenue of $717K, expenses of $636K, total assets of $209K. Imperigo tracks 1 reported grants from this foundation totaling approximately $7.4M.
EIN: 460404566
Sioux Falls, SD
Small Business Development
NTEE: S43
Latest filing: 2025
Total Revenue$717K
Total Expenses$636K
Total Assets$209K
Grants Given1
Grant Total$7.4M
Filing Years2020–2025
Where $100 goes at South Dakota Development Corporation
How South Dakota Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$73
Programs
the work itself
$27
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 $73 for programs
$73
South Dakota Development Corporation furthers the economic development and social welfare of the state of South Dakota by promoting and assisting the growth and development of business concerns…
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 Given
GOED
SPECIAL REVENUE FUND
$7,426,546
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
Secretary
Alex Soundy
Treasurer
Brent Heinert
Director
Derek Simonsen
Director
Drew Duncan
Director
Eric Christianson
Executive Dir.
Jennifer Oberg
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $717K | $636K | $209K |
| 2024 | $506K | $606K | $213K |
| 2023 | $640K | $550K | $182K |
| 2022 | $434K | $561K | $115K |
| 2020 | $204K | $410K | $202K |
Between 2020 and 2025, reported annual revenue grew from $204K to $717K (+251%), with total assets most recently reported at $209K.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in SD.
SD
Full geographic grant map with state-by-state breakdown available with membership.