GREATER SIOUX FALLS CHAMBER OF COMMERCE

EIN: 460189300

SIOUX FALLS, SD

Total Revenue
$4,572,960
Total Expenses
$3,957,092
Total Assets
$13,478,351
Net Assets
$8,089,559
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
SD
Principal Officer
JEFFREY GRIFFIN
Phone
6053361620
Tax Period
2024-10-01 to 2025-09-30

GREATER SIOUX FALLS CHAMBER OF COMMERCE, founded in 1938, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $4.0M left a modest 13% surplus.

Mission

AS THE LEADING BUSINESS ADVOCATE FOR THE AREA, THE GREATER SIOUX FALLS CHAMBER OF COMMERCE REPRESENTS ITS MEMBERS BY BUILDING CONSENSUS AND CREATING STRATEGIES THAT ADVANCE AND PROMOTE ECONOMIC HEALTH AND QUALITY OF LIFE IN THE REGION.

Program Service Accomplishments

Program 1

MEMBER SERIVICES - MEMBERS SERVICES CONSISTS OF COMMITTEES SUCH AS THE AMBASSADOR COMMITTEE (PROVIDES A STABLE SOURCE OF INCOME VIA DUES BY SECURING NEW CHAMBER MEMBERSHIPS); DIPLOMAT COMMITTEE...

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MEMBER SERIVICES - MEMBERS SERVICES CONSISTS OF COMMITTEES SUCH AS THE AMBASSADOR COMMITTEE (PROVIDES A STABLE SOURCE OF INCOME VIA DUES BY SECURING NEW CHAMBER MEMBERSHIPS); DIPLOMAT COMMITTEE (MAINTAINS MEMBERSHIP STRENGTH IN THE GREAT SIOUX FALLS CHAMBER OF COMMERCE); MILITARY AND VERTERANS AFFAIRS COMMITTEE (IMPROVES THE EQUALITY OF LIFE FOR ALL ACTIVE, GUARD, RESERVE, RETIRED AND DISABLED MILITARY PERSONNEL AND THEIR FAMILIES). THE MEMBERS SERVICES DIVISION SPONSORED THE FOLLOWING EVENTS: ANNUAL MEETING (MEMBERSHIP-WIDE EVENT TO CELEBRATE THE PAST YEAR'S SUCCESSES AND INTRODUCE NEW LEADERS AND PLANS FOR THE UPCOMING FISCAL YEAR; MORNING MINGLES, IN PERSON EVENTS, AND VIRTUAL EVENTS.

Program 2

THE AGRIBUSINESS DIVISION'S MISSION IS TO ADVANCE AND PROMOTE THE SIOUX EMPIRE AS AN AGRICULTURAL CENTER THROUGH EVENTS THAT PROVIDE A HIGHER VISIBILITY OF THE INDUSTRY AND PROGRAMS TO ENRICH THE...

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THE AGRIBUSINESS DIVISION'S MISSION IS TO ADVANCE AND PROMOTE THE SIOUX EMPIRE AS AN AGRICULTURAL CENTER THROUGH EVENTS THAT PROVIDE A HIGHER VISIBILITY OF THE INDUSTRY AND PROGRAMS TO ENRICH THE ECONOMIC STABILITY OF RURAL SOCIETY AND THOSE ASSOCIATED WITH BUSINESS INVOLVED WITH AGRICULTURE. EXAMPLES OF ANNUAL AGRIBUSINESS DIVISION EVENTS THAT CAPITALIZE ON THE DIVISION'S TRUE PURPOSE: SIOUX EMPIRE LIVESTOCK SHOW, AG APPRECIATION DAY AND NATIONAL FARMER'S DAY AT THE BARN. WHILE ADVANCING AND PROMOTING THE AGRIGCULTURE INDUSTRY STAND AS THE PRIMARY GOAL OF THE AGRIBUSINESS DIVISION, ALL ACTIVITIES AND FUNCTIONS OF THE DIVISION SERVE AS OPPORTUNITIES FOR FURTHER AGRICULTURAL EDUCATION AND COMMUNICATION BETWEEN THE CITY AND THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,795,226
Program Service Revenue $1,631,318
Investment Income $147,839
Other Revenue $998,577
TOTAL REVENUE $4,572,960

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,854,465
Fundraising Expenses $64,070
Other Expenses $2,102,627
TOTAL EXPENSES $3,957,092

Year-over-Year Comparison

2024 2023 Change
Revenue $4,572,960 $4,128,984 +0.1%
Expenses $3,957,092 $3,680,305 +0.1%
Net Income $615,868 $448,679 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
41
Volunteers
392

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
8
$529,696
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY GRIFFIN PRESIDENT & 60.00
Officer
$242,432 $39,960 $282,392
CORY BUCK CFO 45.00
Officer
$0 $55,811 $205,738
BRITTNEY HANSON EXECUTIVE DI 45.00
Officer
$36,119 $5,447 $41,566
MILES BEACOM CHAIR 2.00
Officer Director
$0 $0 $0
CATJERINE DEKKENGA DIRECTOR 1.00
Director
$0 $0 $0
TAMIEN DYSART CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
BILL GASSEN DIRECTOR 1.00
Director
$0 $0 $0
JOSE-MARIE GRIFFITHS SECRETARY 2.00
Officer Director
$0 $0 $0
JASON HERRBOLDT TREASURER 2.00
Officer Director
$0 $0 $0
MINDY KROLL DIRECTOR 1.00
Director
$0 $0 $0
REGGIE KUIPERS DIRECTOR 1.00
Director
$0 $0 $0
DERRICK LARSON DIRECTOR 1.00
Director
$0 $0 $0
JEFF LAUTT DIRECTOR 1.00
Director
$0 $0 $0
SCOTT LAWRENCE PAST CHAIR 2.00
Officer Director
$0 $0 $0
TIM MEAGHER DIRECTOR 1.00
Director
$0 $0 $0
MATT PAULSON DIRECTOR 1.00
Director
$0 $0 $0
DR RONALD PLACE DIRECTOR 1.00
Director
$0 $0 $0
RYAN PUNT DIRECTOR 1.00
Director
$0 $0 $0
JAKE QUASNEY DIRECTOR 1.00
Director
$0 $0 $0
VICKY STEWARD DIRECTOR 1.00
Director
$0 $0 $0
AMY STOCKBERGER DIRECTOR 1.00
Director
$0 $0 $0
CANDICE VANLIERE DIRECTOR 1.00
Director
$0 $0 $0
SELENE ZAMORANO DIRECTOR 1.00
Director
$0 $0 $0
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
2025 $4,572,960 $3,957,092 $13,478,351 $615,868
2024 $4,128,984 $3,680,305 $12,836,644 $448,679
2023 $3,983,306 $3,784,052 $12,075,621 $199,254
2022 $7,533,163 $6,003,031 $11,325,100 $1,530,132
2021 $7,933,347 $6,515,253 $10,050,793 $1,418,094
2019 $6,474,043 $5,958,308 $7,484,748 $515,735
2018 $6,111,799 $5,845,170 $7,054,746 $266,629
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