This organization files Form 990, which has no section for application policy. Its filings cannot say either way.
The latest filing we hold carries no statement about applications. That is not the same as closed: public-charity Form 990s have no field for it, and many foundations leave the section blank.
Grants paid by year
Total assets by year
Where the money went · FY2025
Form 990 splits expenses into program services, management and fundraising. The split is self-reported, and a grantmaker, a research institute and a direct-service nonprofit book the same work differently. A line the return does not carry reads "not available"; it is never counted as zero.
| Year | Form | Revenue | Expenses | Grants paid | Assets | Net assets |
|---|---|---|---|---|---|---|
| FY2025 | 990 | $9,295,738 | $2,635,233 | $0 | $106,497,986 | $69,276,957 |
| FY2024 | 990 | $21,589,603 | $19,011,806 | $15,985,702 | $99,337,297 | $62,727,733 |
| FY2023 | 990 | $16,811,116 | $2,831,082 | $454,338 | $87,105,498 | $60,340,243 |
| FY2022 | 990 | $9,616,434 | $2,147,692 | $0 | $66,202,631 | $45,987,208 |
| FY2021 | 990 | $7,701,176 | $2,269,051 | $88,466 | $50,584,468 | $44,033,877 |
| FY2020 | 990 | $3,201,901 | $1,926,973 | $500 | $47,396,022 | $35,036,554 |
Figures are as reported on the e-filed return, with no restatement. Fiscal years are the funder's own tax year, labelled by the calendar year the period ends in. A blank line means the return does not carry that figure; a real zero shows as $0. When an amended return replaces an original, every figure here uses the amended return. The original is not shown. Giving is what the funder actually paid out toward its charitable purpose in the year (qualifying distributions on Form 990-PF, charitable disbursements otherwise). Assets are what it holds; giving is what moves.
Recipient focus areas
Where recipients are
Based on the 56% of grant rows we could match to an organization record. The rest stay as reported. The IRS assigns the NTEE category when it grants exemption. It often reflects the original filing, not today's giving.
| Recipient | Purpose | Amount | Year | Source |
|---|---|---|---|---|
| SFC GLOBAL SUPPLY CHAIN INCMARSHALL, MN | ECONOMIC DEVELOPMENT | $15,662,590 | 2024 | |
Recipients are shown as the funder wrote them on the return. A recipient with a link was matched to an organization record; the rest stay as reported and are never guessed.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bob Mundt | PRESIDENT & | 50.00 | $240,777 |
| Dean Dziedzic | VP - ECONOMI | 50.00 | $187,340 |
| Cory Buck | CFO | 50.00 | $149,927 |
| Denise Guzzetta | VP - WORKFOR |
From the officer list on the latest e-filed return. Compensation is as reported there; a blank means the return carries no figure.
| Infrastructure Improvement |
| $453,838 |
| 2023 |
| LUTHERAN SOCIAL SERVICESSIOUX FALLS, SD | CHILDCARE GRANT | $139,989 | 2024 |
| HELPLINE CENTERSIOUX FALLS, SD | CHILDCARE GRANT | $84,409 | 2024 |
| Brandon Development FoundationBrandon, SD | Dissolution | $72,466 | 2021 |
| STARTUP SIOUX FALLSSIOUX FALLS, SD | CHILDCARE GRANT | $70,821 | 2024 |
| SIOUX METRO GROWTH ALLIANCESIOUX FALLS, SD | ECONOMIC ASSISTANCE | $23,726 | 2024 |
| Minnehaha County Economic Development AssociationSioux Falls, SD | PPP loan distribution | $8,800 | 2021 |
| Lincoln County Economic Development AssociationSioux Falls, SD | PPP loan distribution | $7,200 | 2021 |
| 45.00 |
| $133,884 |
| Mike Gray | DIR. OF BUS. | 45.00 | $113,838 |
| Clint Ackerman | DIRECTOR | 1.00 | $0 |
| Raquel Blount | DIRECTOR | 1.00 | $0 |
| Kurt Brost | DIRECTOR | 1.00 | $0 |
| Kent Cutler | CHAIR ELECT | 2.00 | $0 |
| Chris Daugaard | DIRECTOR | 1.00 | $0 |
| Chris Ekstrum | DIRECTOR | 1.00 | $0 |
| Kira Kimball | DIRECTOR | 1.00 | $0 |
| Jason Kjenstad | DIRECTOR | 1.00 | $0 |
| Randy Knecht | TREASURER | 2.00 | $0 |
| Julie Lautt | SECRETARY | 2.00 | $0 |
| Dave Link | DIRECTOR | 1.00 | $0 |
| Clark Meyer | CHAIR ELECT | 2.00 | $0 |
| Marla Meyer | DIRECTOR | 1.00 | $0 |
| Tony Nour | DIRECTOR | 1.00 | $0 |
| Aj Saigh | DIRECTOR | 1.00 | $0 |
| Karla Santi | DIRECTOR | 1.00 | $0 |
| Keith Severson | DIRECTOR | 1.00 | $0 |
| Al Spencer | DIRECTOR | 1.00 | $0 |
| Scott Wickersham | DIRECTOR | 1.00 | $0 |
Nearest by size, location and giving pattern in the database. Geography weighs heavily. Treat it as a starting list, not a ranking of fit.
Form 990 · FY2024 · period ending Sep 30, 2024IRS bulk XML
Filing id 202520349349301727
Form 990 · FY2023 · period ending Sep 30, 2023IRS bulk XML
Filing id 202412119349300776
Form 990 · FY2022 · period ending Sep 30, 2022
Filing id 202321959349300532
Form 990 · FY2021 · period ending Sep 30, 2021
Filing id 202221609349300017
Form 990 · FY2020 · period ending Sep 30, 2020
Filing id 202142099349301024
Form 990 · FY2019 · period ending Sep 30, 2019
Filing id 202002209349300810
Form 990 · FY2018 · period ending Sep 30, 2018
Filing id 201912249349300916
Form 990 · FY2017 · period ending Sep 30, 2017
Filing id 201812069349300911
Form 990 · FY2016 · period ending Sep 30, 2016
Filing id 201701959349301000
IRS filings are the source for every fact on this page. Nothing a model writes is ever a source; it can only point at a row here.