South Dakota Chamber Of Commerce & Industry
- Assets
- $136.3k
- Revenue
- $739.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Pierre, SD
- Founding
- 05/1937
- Data as of
- 12/2020
- EIN
- 46-0141180
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 12/2020, 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 12/2020, South Dakota Chamber Of Commerce & Industry generated $739.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $744.7k during the year ending 12/2020. While expenses have increased by 25.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, South Dakota Chamber Of Commerce & Industry has awarded 11 individual grants totaling $125,000. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE SOUTH DAKOTA CHAMBER OF COMMERCE AND INDUSTRY WILL PROVIDE 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
BALLOT MEASURE CAMPAIGNS - THE CHAMBER RAISES FUNDS, BUILDS COALITIONS, DOES MESSAGE POLLING, PURCHASES ADVERTISING, AND ORGANIZES CAMPAIGNS FOR THE ADOPTION OR DEFEAT OF SOUTH DAKOTA BALLOT MEASURES IN ACCORDANCE WITH ITS MISSION TO PROVIDE LEADERSHIP TO ENSURE A VIGOROUS AND PROSPEROUS BUSINESS CLIMATE FOR THE BENEFIT FOR ALL SOUTH DAKOTANS. SPENDING ON BALLOT MEASURE CAMPAIGNS VARIES DEPENDING ON THE NUMBER OF BALLOT QUESTIONS ON THE BALLOT AND THE CHAMBER'S EFFORTS ON THEIR ADOPTION OR DEFEAT. IN 2020, THE CHAMBER WAS ACTIVE IN ORGANIZING THE CAMPAIGN IN OPPOSITION OF AMENDMENT A. IN ADDITION, IN 2020, THE CHAMBER ALSO MAINTAINED THE SOUTH DAKOTA CHAMBER BALLOT ACTION COMMITTEE, WHICH IS AN ONGOING COMMITTEE THAT UTILIZES FUNDS TO SUPPORT OR DEFEAT BALLOT QUESTIONS AS THEY ARISE. NO REGULAR MEMBERSHIP DUES ARE USED FOR BALLOT CAMPAIGNS.
THE ANNUAL ECONOMIC OUTLOOK 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. THE 2020 EVENT HAD 137 REGISTERED PARTICIPANTS.
BUSINESS DAY PROVIDES AN OPPORTUNITY FOR ATTENDEES TO GATHER IN PIERRE TO LEARN ABOUT AND DISCUSS THE LEGISLATIVE REGULATORY AND BALLOT ISSUES BEING DEBATED AND HEAR FROM LEADING SPEAKERS. ATTENDEES PARTICIPATE IN THE ANNUAL "BUSINESS CAUCUS" WHERE OPINIONS ON ONGOING AND CURRENT ISSUES ARE VOTED ON VIA TEXT MESSAGES, WITH THE RESULTS INSTANTLY TABULATED AND DISPLAYED. THE RESULTS, REPRESENTING DIVERSE DEMOGRAPHICS, ARE DELIVERED TO STATE LEGISLATORS THE NEXT DAY. IN 2020, THE TOTAL OF PAID ATTENDEES AND GUESTS REGISTERED FOR THE EVENT WAS 230.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen David Pres. - Sdcci & Secretary | OfficerTrustee | 50 | $133,047 |
Dykhouse Dana Past Chair | OfficerTrustee | 5 | $0 |
Anderson Sheila Director | Trustee | 5 | $0 |
Bender Michael Director | Trustee | 5 | $0 |
Boyle Tim Director | Trustee | 5 | $0 |
Giovannini David Until 92220 Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $500 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,500 |
| Total Program Service Revenue | $697,934 |
| Investment income | $504 |
| 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 | $739,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,000 |
| Grants and other assistance to domestic individuals. | $20,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,255 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,791 |
| Pension plan accruals and contributions | $2,511 |
| Other employee benefits | $19,951 |
| Payroll taxes | $16,875 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,500 |
| Advertising and promotion | $251,999 |
| Office expenses | $15,009 |
| Information technology | $5,340 |
| Royalties | $0 |
| Occupancy | $13,776 |
| Travel | $24,241 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $438 |
| Insurance | $936 |
| All other expenses | $1,284 |
| Total functional expenses | $744,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,506 |
| Savings and temporary cash investments | $87,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $38,335 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,646 |
| Net Land, buildings, and equipment | $1,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $136,302 |
| Accounts payable and accrued expenses | $19,525 |
| Grants payable | $0 |
| Deferred revenue | $159,979 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $179,504 |
| Net assets without donor restrictions | -$54,558 |
| Net assets with donor restrictions | $11,356 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $136,302 |
Grants Awarded
Over the last fiscal year, South Dakota Chamber Of Commerce & Industry has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NOVUM NANO LLC PURPOSE: 1ST PLACE AWARD - GIANT VISION BUSINESS COMPETITION | $20,000 |
HOMEMETRICS LLC PURPOSE: 2ND PLACE AWARD - GIANT VISION BUSINESS COMPETITION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that South Dakota Chamber Of Commerce & Industry has recieved totaling $70,500.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: Yearly membership, Economic Development Seminar | $35,000 |
Avera Health Sioux Falls, SD PURPOSE: Sponsorship | $25,000 |
Avera Health Sioux Falls, SD PURPOSE: Sponsorship | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
North Central States Regional Council Of Carpenters St Paul, MN | $80,577,529 | $40,138,567 |
Society Of Corporate Compliance And Ethics & Health Care Compliance Eden Prairie, MN | $30,768,192 | $19,415,043 |
Saint Paul Rivercentre Convention And Visitors Authority St Paul, MN | $10,775,339 | $12,198,491 |
Minnesota Hospital Association St Paul, MN | $27,636,744 | $11,552,322 |
Aca International Eagan, MN | $12,262,505 | $9,311,579 |
Minneapolis Downtown Improvement District Minneapolis, MN | $3,331,993 | $8,257,561 |
Nutech Ventures Lincoln, NE | $5,844,401 | $7,636,320 |
Greater Des Moines Partnership Des Moines, IA | $8,726,466 | $7,643,877 |
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Minnesota Association Of Professional Employees Mape Shoreview, MN | $22,099,313 | $6,757,766 |