2026-02-09T17:59:21-05:00 2025-09-30 460434947 ELO PROF LLC PO BOX 249 MITCHELL SD 57301 990 2024-10-01 460243934 SIOUX FALLS DEVELOPMENT FOUNDATION INC SIOU 6053390103 200 NORTH PHILLIPS 301 SIOUX FALLS SD 57104 CORY BUCK CFO 6053390103 2026-02-05 true true JAMIE A ELDEEN CPA P00736101 6059967717 2026-02-05 2024 2025-03-06 01:10:19Z BOB MUNDT 200 NORTH PHILLIPS AVE 301 SIOUX FALLS SD 57101 16335465 false X WWW.SIOUXFALLSDEVELOPMENT.COM X TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS. 20 20 17 20 0 20529444 7005915 189145 182727 849256 894511 21758 1212585 21589603 9295738 15985702 0 0 1317863 1410417 0 0 1708241 1224816 19011806 2635233 2577797 6660505 99337297 106497986 36609564 37221029 62727733 69276957 TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS. false false 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 IS ACHIEVED THROUGH THE SALE OF LAND TO NEW AND EXISTING BUSINESSES ALONG WITH WORKFORCE DEVELOPMENT ACTIVITIES. PARTNERS WITH VARIOUS ORGANIZATIONS TO ASSIST NEW AND EXISTING BUSINESS, MARKET OR 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. false true false true false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 36 0 true 17 true false false false false false false false false X 20 20 false false false false true true false true true false false true true true true true true true false true true X X CORY BUCK 6053390103 200 N PHILLIPS AVE 301 SIOUX FALLS SD 57101 BOB MUNDT PRESIDENT & 50.00 X 240777 0 56721 DEAN DZIEDZIC VP - ECONOMI 50.00 X 187340 0 31695 CORY BUCK CFO 50.00 X 149927 0 55811 DENISE GUZZETTA VP - WORKFOR 45.00 X 133884 0 18451 MIKE GRAY DIR. OF BUS. 45.00 X 113838 0 17500 CLINT ACKERMAN DIRECTOR 1.00 X 0 0 0 RAQUEL BLOUNT DIRECTOR 1.00 X 0 0 0 KURT BROST DIRECTOR 1.00 X 0 0 0 KENT CUTLER CHAIR ELECT 2.00 X X 0 0 0 CHRIS DAUGAARD DIRECTOR 1.00 X 0 0 0 CHRIS EKSTRUM DIRECTOR 1.00 X 0 0 0 KIRA KIMBALL DIRECTOR 1.00 X 0 0 0 JASON KJENSTAD DIRECTOR 1.00 X 0 0 0 RANDY KNECHT TREASURER 2.00 X X 0 0 0 JULIE LAUTT SECRETARY 2.00 X X 0 0 0 DAVE LINK DIRECTOR 1.00 X 0 0 0 CLARK MEYER CHAIR ELECT 2.00 X X 0 0 0 MARLA MEYER DIRECTOR 1.00 X 0 0 0 TONY NOUR DIRECTOR 1.00 X 0 0 0 AJ SAIGH DIRECTOR 1.00 X 0 0 0 KARLA SANTI DIRECTOR 1.00 X 0 0 0 KEITH SEVERSON DIRECTOR 1.00 X 0 0 0 AL SPENCER DIRECTOR 1.00 X 0 0 0 SCOTT WICKERSHAM DIRECTOR 1.00 X 0 0 0 825766 180178 5 false true false SOUKUP CONSTRUCTION PO BOX 89106 SIOUX FALLS SD 57109 CONSTRUCTION 2100086 JOHN RILEY CONSTRUCTION INC PO BOX 535 MORRIS MN 56267 CONSTRUCTION 1180121 MIDAMERICAN ENERGY PO BOX 5008 SIOUX FALLS SD 57117 CONSTRUCTION 895537 SITEWORKS 4825 N WILCOX DR SIOUX FALLS SD 57104 CONSTRUCTION 601160 LLOYD CONSTRUCTION 150 E 4TH PL STE 600 SIOUX FALLS SD 57104 CONSTRUCTION 387101 6 59785 6946130 7005915 MANAGEMENT FEE 900099 140356 140356 MISCELLANEOUS OTHER REVENUE 561000 27718 27718 WORKFORCE DEVELOPMENT 900099 14653 14653 182727 894511 894511 28510 36334 -7824 -7824 -7824 8223802 7003393 1220409 1220409 9295738 1395312 894511 578044 428283 149761 549486 417335 132151 61858 46394 15464 144469 106497 37972 76560 57420 19140 11950 11950 29949 4441 25508 31860 31860 3333 3333 18762 15896 2866 44019 34237 9782 87342 67692 19650 8515 7324 1191 20941 2090 18851 7407 7407 36383 28298 8085 30909 24954 5955 PROGRAM EXPENSES 512093 512093 REAL ESTATE TAXES 346440 346440 ASSOCIATION FEES 19894 19894 MISCELLANEOUS EXPENSES 12914 99 12815 2105 2105 2635233 2131337 503896 0 137816 16165332 20646110 24801345 25204474 3509087 3043787 46037930 48655799 19006 31903 513150 210590 332729 302560 4965541 5168077 3039555 2970617 466772 336843 99337297 106497986 1901432 1167793 26669 42038 30130172 31579585 4551291 4431613 36609564 37221029 X 59418473 66078979 3309260 3197978 62727733 69276957 99337297 106497986 X 6660505 -42343 -68938 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false 241445 23298 218147 271705 187292 84413 302560 ESTIMATED FUTURE CONSTRUCTION COSTS 4234334 OPERATING LEASE LIABILITY 117279 DEFERRED COMPENSATION 80000 4431613 X 9332072 36334 36334 9295738 9295738 2671567 36334 36334 2635233 2635233 SCHEDULE D, PAGE 3, PART X THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL EXPENSE 36,334 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSE 36,334 X X false false false BOB MUNDT PRESIDENT & CEO 212729 20000 8048 14567 42154 297498 DEAN DZIEDZIC VP - ECONOMIC 169162 10000 8178 11182 20513 219035 CORY BUCK CFO 138862 10000 1065 19346 36465 205738 DENISE GUZZETTA VP - WORKFORCE 128263 5621 17696 755 152335 FORM 990, PAGE 6, PART VI, LINE 6 MEMBERSHIP INVESTMENT IS BASED ON THE NUMBER OF EMPLOYEES OF THE INVESTING COMPANY. THE MINIMUM COST OF A MEMBERSHIP IS 250 ANNUALLY FOR 0-20 EMPLOYEES AND THE MAXIMUM IS 3,650 ANNUALLY FOR 901+ EMPLOYEES. THERE ARE SOME BUSINESSES THAT WERE ALREADY MEMBERS WHEN THE NEW MEMBERSHIP STRUCTURE WAS IMPLEMENTED AND REMAIN AT THEIR ORIGINAL MEMBERSHIP LEVELS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ELECT NEW BOARD MEMBERS AT THE ANNUAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND THE EXECUTIVE COMMITTEE WILL REVIEW THE RETURN IN DETAIL. UPON THEIR REVIEW, A COPY OF THE 990 WILL BE EMAILED TO THE BOARD MEMBERS, AND IT WILL BE APPROVED AT THE FOLLOWING BOARD MEETING. FOLLOWING THEIR APPROVAL, THE 990 WILL BE FILLED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C AT EACH BOARD MEETING, THE BOARD MEMBERS AND EX-OFFICIO MEMBERS ARE ASKED TO REVIEW THE AGENDA FOR POSSIBLE CONFLICTS OF INTEREST. IF A CONFLICT DOES EXIST, THE BOARD MEMBER MUST ABSTAIN FROM VOTING AND FROM DISCUSSION. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION OF THE PRESIDENT IS DETERMINED BY THE EXECUTIVE COMMITTEE. COMPENSATION FOR THE VICE PRESIDENT IS DETERMINED BY THE PRESIDENT. DETERMINATION OF COMPENSATION FOR BOTH POSITIONS INCLUDES AN ANNUAL PERFORMANCE REVIEW AND COMPARABILITY DATA. THE PROCESS IS UNDERTAKEN ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN BENEFICIAL INTEREST - STARTUP SF -68,938 FORWARD SIOUX FALLS PROJECT 200 N PHILLIPS AVE SIOUX FALLS SD 57104 460396647 ECO DEV SD N/A RELATED 2700384 6708055 false true 0.50000 false false false false true false false false false false false false false false false false true false false FORWARD SIOUX FALLS PROJECT Q 1426004 FVM