NonprofitsNortheast South Dakota Economic Corporation

Community Improvement

Northeast South Dakota Economic Corporation

SISSETON, SD

Total revenue

$1.7M

Total expenses

$1.0M

Net assets

$20.4M

Grants received

$330K

6 grants

EIN

460350177

Tax year

2023

Mission

To stimulate economic opportunities through loans, technical support and partnerships

Financials

FY 2023

Revenue

Contributions & grants$480K
Program service revenue$1.1M
Investment income$129K
Other revenue$15K
Total revenue$1.7M

Expenses

Grants paid$45K
Salaries & benefits$574K
Fundraising
Other expenses$429K
Total expenses$1.0M
Total assets$32.6M
Net assets$20.4M

People

19 listed

NameRoleCompensation

MARCIA ERICKSON

CHIEF EXECUT

Board

10 hrs/wk

LORI FINNESAND

CHIEF EXECUT

Board

40 hrs/wk

KATHRYN RASMUS

CHIEF FINANC

Board

15 hrs/wk

RITA ANDERSON

DIRECTOR

Board

1 hrs/wk

JOELL BIEBER

DIRECTOR

Board

1 hrs/wk

COLLEEN CORDELL

DIRECTOR

Board

1 hrs/wk

TREVOR CRAMER

DIRECTOR

Board

1 hrs/wk

DAVID GLEASON

DIRECTOR

Board

1 hrs/wk

ROD KUSSER

DIRECTOR

Board

1 hrs/wk

MICHELE LOOBEY-GERTSCH

DIRECTOR

Board

1 hrs/wk

DANIEL MENKING

CHAIRMAN

Board

1 hrs/wk

CRAIG RAU

VICE CHAIR

Board

1 hrs/wk

EMILY RODGERS

DIRECTOR

Board

1 hrs/wk

PATTY ROEHR

SECRETARY

Board

1 hrs/wk

TERRY SCHULTZ

DIRECTOR

Board

1 hrs/wk

BETH SMITH

DIRECTOR

Board

1 hrs/wk

JUDY STEEN

TREASURER

Board

1 hrs/wk

PAT TOLLEFSON

DIRECTOR

Board

1 hrs/wk

KIMBERLY LORENSBERG

CHIEF DEVELO

Staff

30 hrs/wk

Grants received

Showing 6 of 6

FromAmountPurposeYear
$100K
Community welfare and betterment
2024
$125K
2022 RENEWABLE ENERGY EFFICIENT GRANT
2022
$35K
MISSION STATEMENT
2022
$50K
RENEWABLE ENERGY EFFICIENT GRANT
2020
$14K
Revolving Loan Fund
2020
$6K
PROJECT DEVELOPMENT
2019

Funded by

$330K from 5 funders · 6 grants · 2019–2024

Opportunity Finance Network

$175K · 2 grants · 2020–2022

South Dakota Community Foundation

$100K · 1 grant · 2024

Ne South Dakota Community

$35K · 1 grant · 2022

Grow South Dakota

$14K · 1 grant · 2020

Housing Assistance Council

$6K · 1 grant · 2019

Details

EIN460350177
NTEE codeS430
Subsection03
Ruling date1979-02
Formed1978
Employees0
Volunteers17
NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION — Mission, Financials & Grants Received | Grantivo