Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2004.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
16 people listed on the 990.
Bob Mundt’s $193K as Director is at the 96th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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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 15aNo
Programs and updates
Nurtures new businesses with incubator and accelerator services to grow the Sioux Falls economy.
Questions for Startup Sioux Falls
Your first name shows with your question. Startup Sioux Falls answers here, for everyone.
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To assist in the development and expansion of emerging rapid growth businesses in the sioux falls region. To provide office space along with other entrepreneurial serivces to these businesses.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $974K |
| InvestmentsLn 11–13 | $200K | $200K |
| Land, buildings, equipmentLn 10c | $268K | $1.5M |
| Total assetsLn 16 | $5.1M | $6.7M |
| LiabilitiesLn 26 | $220K | $643K |
| Net assetsLn 32 | $4.9M | $6.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $306K | $230K | $25K | $52K |
| Pension plan contributionsLn 8 | $17K | $13K | $1K | $3K |
| Other employee benefitsLn 9 | $71K | $53K | $6K | $12K |
| Payroll taxesLn 10 | $26K | $20K | $2K | $4K |
| Accounting feesLn 11c | $43K | $19K | $24K | |
| Other fees for servicesLn 11g | $60K | $60K | ||
| Advertising and promotionLn 12 | $52K | $52K | ||
| Office expensesLn 13 | $52K | $45K | $3K | $5K |
| Information technologyLn 14 | $97K | $94K | $3K | |
| OccupancyLn 16 | $98K | $98K | ||
| TravelLn 17 | $4K | $3K | $342 | $727 |
| Conferences, conventions and meetingsLn 19 | $4K | $4K | $448 | |
| InterestLn 20 | $7K | $7K | ||
| Depreciation, depletion and amortizationLn 22 | $43K | $42K | $1K | |
| InsuranceLn 23 | $9K | $8K | $635 | |
| Other expenses (24a–d)Ln 24 | $77K | $67K | $4K | $6K |
| All other expensesLn 24e | $4K | $4K | $133 | |
| Total functional expensesLn 25 | $971K | $714K | $174K | $83K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $836K | $974K | −$138K | $5.9M | 990 PDF |
| FY2024 | $1.1M | $1.1M | $60K | $6.1M | 990 PDF |
| FY2023 Viewing | $2.1M | $971K | $1.1M | $6.0M | 990 PDF |
| FY2022 | $1.5M | $960K | $505K | $4.9M | 990 PDF |
| FY2021 | $834K | $929K | −$95K | $4.4M | 990 PDF |
| FY2020 | $679K | $760K | −$81K | $4.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $2,104,533 revenue, 12 lines filed
Part VI · Governance 13 of 15 board members independent, 3 to look at
Part VIII · Statement of revenue $2,104,533 across 9 lines filed
Part IX · Statement of functional expenses $971,392 across 17 lines filed
Part X · Balance sheet $6,661,750 assets, 14 lines filed
Part XI · Reconciliation of net assets $6,018,880 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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