Nonprofits›South Eastern Development Foundation

Community Improvement & Capacity Building

South Eastern Development Foundation

SIOUX FALLS, SD

Website

Total revenue

$3.6M

Total expenses

$1.5M

Net assets

$19.0M

Grants received

$227K

6 grants

EIN

300017659

Tax year

2024

Mission

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives

Programs

1 program

The revolving loan fund program is used for community and economic development

Expenses: $603K

Financials

FY 2024

Revenue

Contributions & grants$2.0M
Program service revenue$907K
Investment income$195K
Other revenue$500K
Total revenue$3.6M

Expenses

Grants paid—
Salaries & benefits—
Fundraising—
Other expenses$1.5M
Total expenses$1.5M
Total assets$26.4M
Net assets$19.0M

People

6 listed

NameRoleCompensation

Lynne Keller Forbes

President & CEO

Board

—

0

Bryan Hakeman

Sec/Treasurer

Board

—

1 hrs/wk

Dave Kroll

Director

Board

—

1 hrs/wk

Paul Tschetter

President

Board

—

1 hrs/wk

Autumn Kaufhold

Director

Board

—

1 hrs/wk

Rich Naser

Vice President

Board

—

1 hrs/wk

Independent contractors

EC Concrete LLC

Concrete

$324K

First Rate Excavate

Dirt Work/Excavation

$251K

Heartland Construction

Install Walls and Footing

$217K

Milbank House Movers

House Movers

$199K

Siouxland K & K Construction Inc

Install Walls and Footing

$191K

Grants received

Showing 6 of 6

FromAmountPurposeYear
Dakota Business Finance
$110K
Economic Development
2023
COMMUNITY FDN OF GREATER DES MOINES
$10K
GRANT DISTRIBUTION FOR RIVERLINE DISTRICT
2023
First Interstate BancSystem Foundation
$10K
General Support
2023
Dakota Business Finance
$40K
Economic Development
2022
SIOUX FALLS AREA COMMUNITY
$10K
PROGRAM SUPPORT
2022
SIOUX FALLS AREA COMMUNITY
$47K
FOR OPERATIONAL SUPPORT
2017

Funded by

$227K from 4 funders · 6 grants · 2017–2023

Dakota Business Finance

$150K · 2 grants · 2022–2023

Sioux Falls Area Community

$57K · 2 grants · 2017–2022

Details

EIN300017659
NTEE codeS32
Subsection03
Ruling date2002-06
Formed2002
Employees0
Volunteers5
SOUTH EASTERN DEVELOPMENT FOUNDATION — Mission, Financials & Grants Received | Grantivo