South Dakota Chamber Of Commerce & Industry

Organization Overview

South Dakota Chamber Of Commerce & Industry is located in Pierre, SD. The organization was established in 1937. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, South Dakota Chamber Of Commerce & Industry employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Chamber Of Commerce & Industry is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2023, South Dakota Chamber Of Commerce & Industry generated $510.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $520.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, South Dakota Chamber Of Commerce & Industry has awarded 15 individual grants totaling $185,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE SOUTH DAKOTA CHAMBER OF COMMERCE AND INDUSTRY WILL PROVIDED LEADERSHIP TO ENSURE A VIGOROUS AND PROSPEROUS BUSINESS CLIMATE FOR THE BENEFIT FOR ALL SOUTH DAKOTANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE GOVERNOR'S GIANT VISION COMPETITION IS DESIGNED TO ENCOURAGE AND DEVELOP THE ENTREPRENEURIAL SPIRIT IN SOUTH DAKOTA. SOUTH DAKOTA RESIDENTS AND FULLTIME STUDENTS OF SOUTH DAKOTA COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS APPLY TO THE PROGRAM BY SUBMITTING COMPLETE BUSINESS PLANS AND SUPPORTING DOCUMENTS. ALL ENTRANTS ARE JUDGED BY AN INITIAL PANEL OF EXPERIENCED INDIVIDUALS. THE SELECTED FINALISTS GO ON TO COMPETE DURING AN EVENT THAT INCLUDES FORMAL PRESENTATIONS BY THE STUDENT COMPETITORS AND THOSE IN THE OPEN, OR BUSINESS, COMPETITION TO THEIR RESPECTIVE PANEL OF JUDGES. WINNERS IN EACH ARE SELECTED AND ANNOUNCED DURING THE AWARDS PROGRAM. CASH PRIZES ARE AWARDED.


ECONOMIC OUTLOOK SEMINAR - THE ANNUAL SEMINAR PROVIDES ATTENDEES WITH UPDATED INFORMATION ON THE STATE'S ECONOMY, AN EDUCATION ABOUT THE FACTORS THAT DRIVE THE ECONOMY AND FEATURES SPEAKERS ADDRESSING A CERTAIN SEGMENT OF THE ECONOMY.


LEGISLATIVE ADVOCACY AND RESEARCH - THE CHAMBER FUNCTIONS AS AN ADVOCATE FOR OUR MEMBERS AND FOR ALL BUSINESSES IN SOUTH DAKOTA. THIS ADVOCACY IS DONE IN THE LEGISLATURE, BEFORE STATE AGENCIES, AND DIRECTLY WITH THE PUBLIC IN THE FORM OF INITIATIVE CAMPAIGNS. EACH YEAR, THE SOUTH DAKOTA CHAMBER MONITORS LEGISLATION FOR BILLS THAT POSE A THREAT TO OUR MEMBERS AND TO THE OVERALL BUSINESS CLIMATE OF THE STATE. WE ARE PRESENT EVERY DAY TO LOBBY FOR OUR MEMBERS. WHEN IMPORTANT ISSUES ARE DISCUSSED AT THE DEPARTMENT LEVEL, THE CHAMBER IS AT THE TABLE, BRINGING A RESPECTED VOICE TO THE CONVERSATIONS. EACH WEEK DURING THE LEGISLATIVE SESSION MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE IN ONLINE LEGISLATIVE BRIEFINGS AND RECEIVE REGULAR ISSUES OF A NEWSLETTER TITLED "CAPITOL-ISM" WHICH GIVES ANALYSIS OF KEY ISSUES IN A WAY THAT MEMBERS CAN APPLY TO THEIR BUSINESS OR UPDATES AS KEY BILLS MOVE THROUGH THE PROCESS.


BUSINESS DAY PROVIDES AN OPPORTUNITY FOR ATTENDEES TO GATHER IN PIERRE AND LEARN ABOUT CURRENT LEGISLATIVE ISSUES BEING DEBATED AND HEAR FROM LEADING SPEAKERS. ATTENDEES VOTE THEIR OPINIONS ON LEGISLATIVE ISSUES DURING THE ANNUAL BUSINESS CAUCUS VIA TEXT MESSAGES, WITH THE RESULTS BEING TABULATED AND DISPLAYED. THE RESULTS, REPRESENTING DIVERSE DEMOGRAPHICS, ARE DELIVERED TO STATE LEGISLATORS THE NEXT DAY.


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Board, Officers & Key Employees

Name (title)Compensation
David Owen
President
$134,983
Sheila Anderson
Board Chair
$0
Michael Bender
Director
$0
Paul Bruflat
Director
$0
David Chicoine
Director
$0
Zach Clark
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$279,779
Fundraising events$0
Related organizations$0
Government grants $40,000
All other contributions, gifts, grants, and similar amounts not included above$422
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$320,201
Total Program Service Revenue$180,547
Investment income $872
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $510,075

Grants Awarded

Over the last fiscal year, South Dakota Chamber Of Commerce & Industry has awarded $30,000 in support to 2 organizations.

Grant RecipientAmount

AMBER LLC

PURPOSE: COMPETITION AWARD

$20,000

PRAIRIE BIOTECHNOLOGY LLC

PURPOSE: COMPETITION AWARD

$10,000
View Grant Profile

Peer Organizations

Organization NameAssets
Iowa Soybean Association
Ankeny, IA
$53,121,070
Society Of Corporate Compliance And Ethics & Health Care Compliance
Eden Prairie, MN
$22,531,032
Saint Paul Rivercentre Convention And Visitors Authority
St Paul, MN
$19,250,327
Minnesota Hospital Association
Saint Paul, MN
$16,743,447
Aca International
Eagan, MN
$9,045,221
Minneapolis Downtown Improvement District
Minneapolis, MN
$8,197,330
Greater Des Moines Partnership
Des Moines, IA
$8,582,426
Nutech Ventures
Lincoln, NE
$7,505,381
Minnesota Chamber Of Commerce And Industry
St Paul, MN
$6,794,853
Minnesota Association Of Professional Employees Mape
Shoreview, MN
$4,287,190
American Simmental Association
Bozeman, MT
$6,426,006
Bloomington Convention And Visitors Bureau
Bloomington, MN
$6,058,251
Lignite Energy Council
Bismarck, ND
$5,232,846
Wyoming Chambers Health Benefit Association
Gillette, WY
$5,755,961
Merchant Advisory Group
Minneapolis, MN
$5,243,279
New Better Business Bureau Inc
Omaha, NE
$5,393,431
Minnesota Business Partnership Inc
Minneapolis, MN
$5,236,296
Quad Cities Chamber Of Commerce Inc
Davenport, IA
$5,226,748
Downtown Council Of Minneapolis
Minneapolis, MN
$4,639,986
Meritas Inc
Bloomington, MN
$4,671,906
Cedar Rapids Metro Economic Alliance
Cedar Rapids, IA
$3,993,880
Lincoln Chamber Of Commerce
Lincoln, NE
$4,250,771
National Association Of Tower Erectors
Watertown, SD
$4,294,406
Large Public Power Council
Omaha, NE
$3,556,751
The Chamber Fargo Moorhead West Fargo
Fargo, ND
$3,739,323

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