Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1957.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
30 people listed on the 990; $653K paid to officers and key staff.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Bob Mundt | $240,777 | $241,167 | $228,684 | $207,853 | $204,421 | $193,242 |
| Dean Dziedzic | $187,340 | $192,295 | $177,718 | $216,798 | $225,214 | $160,382 |
| Cory Buck | $149,927 | $153,667 | $108,317 | $107,716 | $30,812 | — |
| Denise Guzzetta | $133,884 | $142,154 | $126,494 | $120,456 | $100,578 | — |
| Mike Gray | $113,838 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters economic growth and workforce development through collaboration in Sioux Falls.
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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. This purpose was achieved in 2021 through the sale of 25.5 acres of industrial park land to new and existing businesses along with workforce development activities…
Partners with various organizations to assist new and existing business, market our community and foster emerging industries, promote international trade services office for the State of South Dakota.
The organization places a strong emphasis on workforce development.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $629K | $11.0M |
| InvestmentsLn 11–13 | $2.2M | $2.4M |
| Land, buildings, equipmentLn 10c | $124K | $88K |
| Total assetsLn 16 | $50.6M | $66.2M |
| LiabilitiesLn 26 | $6.6M | $20.2M |
| Net assetsLn 32 | $44.0M | $46.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $760K | |||
| Other salaries and wagesLn 7 | $337K | |||
| Pension plan contributionsLn 8 | $25K | |||
| Other employee benefitsLn 9 | $42K | |||
| Payroll taxesLn 10 | $70K | |||
| Accounting feesLn 11c | $60K | |||
| Other fees for servicesLn 11g | $39K | |||
| Advertising and promotionLn 12 | $3K | |||
| Office expensesLn 13 | $16K | |||
| Information technologyLn 14 | $38K | |||
| OccupancyLn 16 | $67K | |||
| TravelLn 17 | $10K | |||
| Conferences, conventions and meetingsLn 19 | $25K | |||
| InterestLn 20 | $7K | |||
| Depreciation, depletion and amortizationLn 22 | $41K | |||
| InsuranceLn 23 | $12K | |||
| Other expenses (24a–d)Ln 24 | $593K | |||
| All other expensesLn 24e | $2K | |||
| Total functional expensesLn 25 | $2.1M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $9.3M | $2.6M | $6.7M | $69.3M | 990 PDF |
| FY2024 | $21.6M | $19.0M | $2.6M | $62.7M | 990 PDF |
| FY2023 | $16.8M | $2.8M | $14.0M | $60.3M | 990 PDF |
| FY2022 Viewing | $9.6M | $2.1M | $7.5M | $46.0M | 990 PDF |
| FY2021 | $7.7M | $2.3M | $5.4M | $44.0M | 990 PDF |
| FY2020 | $3.2M | $1.9M | $1.3M | $35.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $9,616,434 revenue, 12 lines filed
Part VI · Governance 20 of 20 board members independent, no flags
Part VIII · Statement of revenue $9,616,434 across 10 lines filed
Part IX · Statement of functional expenses $2,147,692 across 18 lines filed
Part X · Balance sheet $66,202,631 assets, 17 lines filed
Part XI · Reconciliation of net assets $45,987,208 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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