Enterprise Institute

EIN: 710879071 501(c)(3) Education

Brookings, SD

Total Revenue
$375,955
Total Expenses
$266,603
Total Assets
$947,880
Net Assets
$923,689
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
SD
Phone
6056975015
Tax Period
2025-01-01 to 2025-12-31

Enterprise Institute, founded in 2002, is a small nonprofit in the Education sector that reported $456K in total revenue in fiscal year 2019. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 37% operating margin.

Mission

To support and enhance educational, commercialization, research and business development opportunities for faculty and students at educational institutions within the state of South Dakota in partnership with industry by facilitating outreach, educational events, and technical assistance; to assist the economic development of South Dakota through encouragement of and assistance to the entrepreneurial enterprises.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $179,186
Program Service Revenue $165,085
Investment Income $31,684
Other Revenue $0
TOTAL REVENUE $375,955

Expense Breakdown

Grants Paid $0
Salaries & Benefits $206,952
Fundraising Expenses $0
Program Expenses $237,078
Other Expenses $59,651
TOTAL EXPENSES $266,603

Year-over-Year Comparison

2025 2024 Change
Revenue $375,955 $311,104 +0.2%
Expenses $266,603 $253,392 +0.1%
Net Income $109,352 $57,712 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
N/A

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tom Eitreim Executive Director 40.00
$163,700 $12,674 $176,374
Duane Sander Sec and Treas 2.00
Officer Director
$0 $0 $0
Al Kurtenbach Vice Chair 1.00
Officer Director
$0 $0 $0
Keith Bartels Chairman 1.00
Officer Director
$0 $0 $0
Ed Cannon Director 1.00
Director
$0 $0 $0
Errol EerNisse Director 1.00
Director
$0 $0 $0
Darren Haar Director 1.00
Director
$0 $0 $0
Jerome Lohr Director 1.00
Director
$0 $0 $0
Jim Morgan Director 1.00
Director
$0 $0 $0
Brad Wheeler Director 1.00
Director
$0 $0 $0
Matt Paulson 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 $375,955 $266,603 $947,880 $109,352
2024 $311,104 $253,392 $842,490 $57,712
2023 $231,030 $227,918 $788,824 $3,112
2022 $297,693 $371,298 $795,922 $-73,605
2021 $381,177 $339,264 $833,543 $41,913
2020 $387,190 $308,340 $797,456 $78,850
2019 $455,681 $285,644 $776,935 $170,037
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