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PROMOTE ECONOMIC DEVELOPMENT IN THE STATE OF SOUTH DAKOTA AND THE RAPID CITY/BLACK HILLS REGIONAL TRADE ZONE WITHIN A 200 MILE RADIUS TO INCLUDE CONTIGUOUS COUNTIES IN NEBRASKA AND WYOMING AND PROVIDE TECHNICAL ASSISTANCE TO AID IN ECONOMIC BASE EXPANSION INCLUDING THE ADMINISTRATION OF A REVOLVING LOAN PROGRAM.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$600.3K
Program Spending
93%
of total expenses go to program services
Total Contributions
$15.5K
Total Expenses
▼$600.2K
Total Assets
$2.8M
Total Liabilities
▼$102.1K
Net Assets
$2.7M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$13.3K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$1.2M
Awards Found
2
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of Commerce | CARES ACT RLF | $1.1M | — | — – — | Open → |
| Department of Agriculture | RURAL BUSINESS ENTERPRISE GRANTS | $100K | FY2009 | Jul 2009 – Jul 2009 | Open → |
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
5
Clean Audits
0
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Material Weakness | Unmodified (Clean) | $1.1M | No | 2026-02-11 |
| 2024 | Material Weakness | Unmodified (Clean) | $1.2M | No | 2025-02-10 |
| 2023 | Material Weakness | Unmodified (Clean) | $1.1M | No | 2024-03-05 |
| 2022 | Material Weakness | Unmodified (Clean) | $1.1M | No | 2023-02-05 |
| 2021 | Material Weakness | Unmodified (Clean) | $1.5M | No | 2022-01-30 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.5M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Not confirmed
No additional tax-exempt status records found in ReconForce's database.
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $600.3K | $15.5K | $600.2K | $2.8M | $2.7M |
| 2022 | $972.6K | $298.2K | $617.1K | $2.9M | $2.7M |
| 2021 | $1.6M | $871.3K | $692.1K | $2.5M | $2.3M |
| 2020 | $653.7K | $7,500 | $601K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | — | |
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
| Total |
|---|
| Frances White | Executive Di | 40 | $0 | $0 | $0 | $0 |
| Matt Walters | President | 1 | $0 | $0 | $0 | $0 |
| Candi Thomson | Vice Preside | 1 | $0 | $0 | $0 | $0 |
| Kayce Gerlach | Secretary/tr | 1 | $0 | $0 | $0 | $0 |
Frances White
Executive Di
$0
Hrs/Wk
40
Compensation
$0
Related Orgs
$0
Other
$0
Matt Walters
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Candi Thomson
Vice Preside
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kayce Gerlach
Secretary/tr
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brad Fischer | Board Member | 1 | $0 | $0 | $0 | $0 |
| Dawn Hilgenkamp | Board Member | 1 | $0 | $0 | $0 | $0 |
| Dean Kinney | Board Member | 1 | $0 | $0 | $0 | $0 |
| James Mortensen | Board Member | 1 | $0 | $0 | $0 | $0 |
| Kevin Dietz | Board Member | 1 | $0 | $0 | $0 | $0 |
| Kory Menken | Board Member |
Brad Fischer
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dawn Hilgenkamp
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dean Kinney
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.6M |
| $1.5M |
| 2019 | $541.4K | $15K | $516.1K | $1.5M | $1.4M |
| 2018 | $529.1K | $78K | $450K | $1.5M | $1.4M |
| 2017 | $539.1K | $39.4K | $524K | $1.4M | $1.3M |
| 2016 | $539.1K | $59K | $452.5K | $1.5M | $1.4M |
| 2015 | $344.5K | $58.3K | $309.6K | $1.3M | $1.3M |
| 2014 | $432.9K | $71.8K | $430.5K | $1.3M | $1.3M |
| 2013 | $430.9K | $45.9K | $456.2K | $1.3M | $1.2M |
| 2012 | $393K | $45.5K | $356.5K | $1.3M | $1.3M |
| 2011 | $452.3K | $108.7K | $382.7K | $1.4M | $1.2M |
| 2022 | 990 | DataIRS e-File |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990-EZ | — |
| 2009 | 990-EZ | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Peter Kottwitz | Board Member | 1 | $0 | $0 | $0 | $0 |
James Mortensen
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Dietz
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kory Menken
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Peter Kottwitz
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0