Public Charity

GROW SOUTH DAKOTA

Based in SISSETON, SD, GROW SOUTH DAKOTA operates as a Public Charity. The organization reported $3.9M in revenue, $3.0M in expenses, $74.6M in total assets for fiscal year 2025. Imperigo tracks 23 reported grant relationships connected to this organization totaling approximately $1.3M.

EIN: 562667948 SISSETON, SD Economic Development NTEE: S30 Latest filing: 2025
Total Revenue$3.9M
Total Expenses$3.0M
Total Assets$74.6M
Grant Records23
Funding Total$1.3M
Filing Years2020–2025

Mission

GROW SOUTH DAKOTA IS A NONPROFIT CORPORATION WHOSE PRIMARY OBJECTIVE IS TO PROMOTE AND FOSTER ECONOMIC GROWTH, HOUSING DEVELOPMENT, AND EDUCATIONAL OPPORTUNITIES IN DISTRESSED COMMUNITIES AND UNDERSERVED MARKETS IN SOUTH DAKOTA.

Where $100 goes at Grow South Dakota

How Grow South Dakota divides every $100 it spends, from its own Form 990 filings, averaged across 7 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

$53
Housing
54% of program spending · Reported in the filing: 30 units
$31
New market tax credit program
33% of program spending
$9
Business revolving loan funds
9% of program spending · Reported in the filing: 18 loans; 38 jobs

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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.

Officers & Directors

VICE PRESIDE Craig Carson
PRESIDENT Daniel Menking
DIRECTOR Eric Kunzweiler
DIRECTOR Eric Shepherd
DIRECTOR Ginger Niemann
CHIEF FINANC Kathryn Rasmus

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$945,822 8 grants
Civil Rights & Social Justice
$200,000 1 grant
Education
$36,000 1 grant
Human & Social Services
$10,000 1 grant
Food Assistance & Nutrition
$2,282 8 grants

Financial Trends

Year Revenue Expenses Assets
2025 $3.9M $3.0M $74.6M
2024 $10.0M $2.9M $81.6M
2023 $3.1M $2.7M $56.9M
2021 $4.8M $2.9M $67.7M
2020 $4.6M $2.1M $67.5M

Between 2020 and 2025, reported annual revenue declined from $4.6M to $3.9M (-16%), with total assets most recently reported at $74.6M.

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

See the full picture for GROW SOUTH DAKOTA

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