SIOUX FALLS AREA CHAMBER OF COMMERCE FOUNDATION

EIN: 363470628 501(c)(3)

SIOUX FALLS, SD

Total Revenue
N/A
Total Expenses
$16,893
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
SD
Principal Officer
JEFFREY M GRIFFIN
Phone
6053361620
Tax Period
2020-10-01 to 2021-09-30

SIOUX FALLS AREA CHAMBER OF COMMERCE FOUNDATION, founded in 1987, is a micro nonprofit that reported $86K in total revenue in fiscal year 2017. Revenue decreased 8% compared to the prior year. Expenses of $107K exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDE GRANTS THAT PROMOTE EDUCATIONAL PROGRAMS FOR YOUTH, ASSIST IN RESEARCH THAT HELPS THE COMMUNITY, AND PROMOTE THE ESTABLISHMENT OF PROGRAMS TO STIMULATE THE CONSTRUCTION OF AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME CITIZENS OF THE SIOUX FALLS AREA AND TO PROVIDE EDUCATIONAL PROGRAMS TO THE SIOUX FALLS AREA FOR FIRST TIME HOMEBUYERS AND RENTERS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $16,893
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $16,893
Other Expenses $0
TOTAL EXPENSES $16,893

Year-over-Year Comparison

2020 2019 Change
Revenue N/A $67,500 -1.0%
Expenses $16,893 $84,492 -0.8%
Net Income N/A $-16,992 N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$400,300
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE FLICEK DIRECTOR 0.01
Director
$0 $0 $0
PAUL HANSON DIRECTOR 0.01
Director
$0 $0 $0
PAM HOMAN DIRECTOR 0.01
Director
$0 $0 $0
RANDY KNECHT DIRECTOR 0.01
Director
$0 $0 $0
TOLCHE MESELE DIRECTOR 0.01
Director
$0 $0 $0
DAVE ROZENBOOM DIRECTOR 0.01
Director
$0 $0 $0
NATHAN STALLINGA DIRECTOR 0.01
Director
$0 $0 $0
SONJA THEISEN DIRECTOR 0.01
Director
$0 $0 $0
BOBBI THURY DIRECTOR 0.01
Director
$0 $0 $0
STEVE VAN BUSKIRK DIRECTOR 0.01
Director
$0 $0 $0
ANDY PATTERSON PRESIDENT 0.01
Officer Director
$0 $0 $0
DAN DOYLE VICE PRESIDENT 0.01
Officer Director
$0 $0 $0
JEFFREY GRIFFIN SECRETARY/TREASURER 0.01
Officer
$0 $39,530 $252,499
JOAN BARTLING VICE PRESIDENT OF FINANCE & ACCOUNTING 0.02
Officer
$0 $28,623 $147,801
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 No data $16,893 No data No data
2020 $67,500 $84,492 $16,893 $-16,992
2019 $110,016 $129,318 $33,885 $-19,302
2018 $85,514 $107,376 $53,187 $-21,862
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