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Grow South Dakota

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562667948 ✦ Sisseton, SD ✦ Designated as a 501(c)(3)

Overview

What is Grow South Dakota?

Grow South Dakota is a nonprofit organization, headquartered at 104 ASH STREET EAST in Sisseton, South Dakota (57262), dedicated to stimulating economic growth, housing development, and educational opportunities in underdeveloped communities and underserved markets within the state. As part of its mission, Grow South Dakota owns and leases two school buildings to the Oglala Lakota School District through an agreement that lasts for an unspecified period. The organization's primary objective is to foster sustainable development and enhance educational prospects in distressed areas, thereby contributing to South Dakota's overall progress.


Official website here: www.growsd.org

Is Grow South Dakota legitimate?

Grow South Dakota is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grow South Dakota submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $23,235
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,876

For more financial information, click here


Official website here: www.growsd.org

What is the mission statement of Grow South Dakota?

Grow South Dakota is a nonprofit corporation with a primary objective to stimulate economic growth, facilitate housing development, and provide educational opportunities in distressed communities and underserved markets within South Dakota. Its mission is to promote and foster these developments, aiming to revitalize and improve the living conditions in these areas. Through its activities, Grow South Dakota strives to create a more prosperous and sustainable future for these communities. As an example, the organization has engaged in the New Market Tax Credit Program, leasing two school buildings to the Oglala Lakota School District.


Official website here: www.growsd.org

Who is the CEO of Grow South Dakota?

Lori Finnesand is the Chief Execut of Grow South Dakota.


Official website here: www.growsd.org

What is the revenue of Grow South Dakota?

Grow South Dakota's revenue in 2023 was $3,106,545.


Official website here: www.growsd.org

Who are the executives of Grow South Dakota and what are their salaries?

Here are 10 key members and their salaries:

    Marcia Erickson (Chief Execut)
  • Compensation: $8,270
  • Related: $0
  • Other: $0

    • Lori Finnesand (Chief Execut)
  • Compensation: $8,270
  • Related: $0
  • Other: $0

    • Kathryn Rasmus (Chief Financ)
  • Compensation: $6,695
  • Related: $0
  • Other: $0

    • Tawney Brunsch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Carson (Vice Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Farber (Secretary/Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Kane (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Malone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Menking (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ginger Niemann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.growsd.org

    Where can I find the form 990 for Grow South Dakota?

    The Grow South Dakota’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.growsd.org

    Learn more at the official website: www.growsd.org

    Mission Statement of Grow South Dakota

    Grow South Dakota, a nonprofit corporation, is dedicated to stimulating economic growth, fostering housing development, and expanding educational opportunities in distressed communities and underserved markets within South Dakota. Their primary objective is to revitalize these areas, aiming to create a more prosperous and inclusive society. By promoting these initiatives, Grow South Dakota aims to uplift these communities and provide them with the resources and opportunities they need to thrive.

    Impact

    This information is meant to be a general summary of Grow South Dakota. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Grow South Dakota's impact can be seen through its efforts to promote economic growth, housing development, and educational opportunities in distressed communities and underserved markets in South Dakota. Through initiatives like the New Market Tax Credit Program, Grow South Dakota plays a significant role in providing resources and support to communities in need. For instance, owning and leasing school buildings to the Oglala Lakota School District demonstrates the organization's commitment to improving educational opportunities for students in marginalized areas. By focusing on community improvement, Grow South Dakota is actively working towards creating a more equitable and prosperous future for residents in South Dakota.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $21,202
  • Program Service Revenue: $1,118,755
  • Gross Receipts: $3,106,545

    • Assets and Liabilities:
  • Total Assets: $56,863,772
  • Total Liabilities: $56,294,140
  • Net Assets: $569,632
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST INCOME - LOANS

    Revenue

    $426,759

    LEASE INTEREST INCOME

    Revenue

    $359,566

    APARTMENT REVENUE

    Revenue

    $231,774

    ORGANIZATION FEES

    Revenue

    $43,723

    LEASE FEE INCOME

    Revenue

    $41,784

    Organization Details

    Founding Year

    2007

    Principal Officer

    Lori Finnesand

    Main Address

    104 ASH STREET EAST, SISSETON, SD, 57262

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Grow South Dakota and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.