South Dakota Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,656,459 | 687,253 | 3,969,206 | 285.4 | 1% |
| 2012 | 2,816,411 | 2,597,677 | 218,734 | 76.5 | 0% |
| 2013 | 2,446,960 | 442,335 | 2,004,625 | 452.9 | 1% |
| 2014 | 435,631 | 213,075 | 222,556 | 840.2 | 4% |
| 2015 | 276,827 | 204,147 | 72,680 | 881.2 | 3% |
| 2016 | 1,611,705 | 3,151,484 | −1,539,779 | 51.2 | 0% |
| 2017 | 380,588 | 148,846 | 231,742 | 1119.4 | 4% |
| 2018 | 141,740 | 13,417,306 | −13,275,566 | 0.5 | 1% |
| 2019 | 105,262 | 315,807 | −210,545 | 15.2 | 49% |
| 2020 | 204,440 | 409,922 | −205,482 | 5.7 | 53% |
| 2021 | 274,179 | 500,668 | −226,489 | -0.8 | 57% |
| 2022 | 433,578 | 560,859 | −127,281 | -3.4 | 57% |
| 2023 | 640,183 | 550,462 | 89,721 | -1.5 | 55% |
In its most recent public year (2023), this organization brought in $89,721 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-1.5 months), down from 285.4 in 2011. Staff pay was 55% of spending. $150,000 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
South Dakota Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works