2026-02-12T10:45:47-05:00 2025-09-30 460393458 WOHLENBERG RITZMAN & CO LLC PO BOX 1018 YANKTON SD 57078 990 2024-10-01 460350177 NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION NORT 6056987654 104 ASH STREET EAST SISSETON SD 57262 LORI FINNESAND CHIEF EXECUTIVE OFFI 6056987654 2026-02-15 true true KATHLEEN DOYLE P01322431 6056654401 2026-02-09 2024 2025-03-06 01:10:19Z GROW SOUTH DAKOTA LORI FINNESAND 1787191 false X WWW.GROWSD.ORG X 1978 SD TO STIMULATE ECONOMIC OPPORTUNITIES THROUGH LOANS, TECHNICAL SUPPORT AND PARTNERSHIPS 15 15 0 15 0 479761 390290 1086447 1187392 129225 209509 15150 0 1710583 1787191 45423 50225 0 573540 683779 0 0 429381 345017 1048344 1079021 662239 708170 32608281 32952419 12214971 11850939 20393310 21101480 TO STIMULATE ECONOMIC OPPORTUNITIES THROUGH LOANS, TECHNICAL SUPPORT AND PARTNERSHIPS false false 772521 50225 1187392 ECONOMIC/COMMUNITY DEVELOPMENT - REVOLVING LOAN PROGRAM (DIRECT LOANS) ASSISTS INDIVIDUALS THAT ARE OTHERWISE UNABLE TO OBTAIN FINANCING TO START OR EXPAND THEIR BUSINESS. IN THIS FISCAL PERIOD, NESDEC MADE 42 LOANS TOTALING 4,252,352 CREATING 114 AREA JOBS. AS OF SEPTEMBER 30,2025, NESDEC HAD 278 OUTSTANDING LOANS TOTALING 22,099,276. 772521 true true false false false false false false false false true false false false false true true false false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 2 0 true 0 false false false false false false false false false false false false false false X 15 15 false false false false false false false true true false false false true true true true true true true false X X X X CHIEF FINANCIAL OFFICER 6056987654 104 ASH ST E SISSETON SD 57262 MARCIA ERICKSON CHIEF EXECUT 10.00 40.00 X 0 180573 31725 LORI FINNESAND CHIEF EXECUT 40.00 10.00 X 0 163045 34430 KATHRYN RASMUS CHIEF FINANC 15.00 30.00 X 0 115565 16580 RITA ANDERSON DIRECTOR 1.00 X 0 0 0 JOELL BIEBER DIRECTOR 1.00 X 0 0 0 COLLEEN CORDELL DIRECTOR 1.00 X 0 0 0 TREVOR CRAMER DIRECTOR 1.00 X 0 0 0 DAVID GLEASON DIRECTOR 1.00 X 0 0 0 ROD KUSSER DIRECTOR 1.00 X 0 0 0 MICHELE LOOBEY DIRECTOR 1.00 X 0 0 0 DANIEL MENKING CHAIRMAN 1.00 X X 0 0 0 CRAIG RAU VICE CHAIR 1.00 X X 0 0 0 EMILY RODGERS DIRECTOR 1.00 X 0 0 0 PATTY ROEHR SECRETARY 1.00 X X 0 0 0 TERRY SCHULTZ DIRECTOR 1.00 X 0 0 0 BETH SMITH DIRECTOR 1.00 X 0 0 0 JUDY STEEN TREASURER 1.00 X X 0 0 0 PAT TOLLEFSON DIRECTOR 1.00 X 0 0 0 459183 82735 false true false 381290 9000 390290 INTEREST INCOME - LOANS 531390 1098595 1098595 ESCROW & LOAN FEES 531390 46375 46375 LEASE FEE INCOME 531390 21214 21214 MISCELLANEOUS INCOME 531390 8832 8832 LEASE INTEREST INCOME 531390 5786 5786 6590 6590 1187392 209509 209509 1787191 1187392 209509 20703 20703 29522 29522 488567 304532 184035 114463 85098 29365 40278 23881 16397 40471 25092 15379 11582 11582 21317 21317 13107 13107 16683 16241 442 26647 20778 5869 21547 17943 3604 194018 194018 24540 24540 9674 4122 5552 TARGETED PROGRAM EXPENSE 24677 24677 EDUCATION AND TRAINING 9466 9466 FILING FEE EXPENSE 6417 6417 LOAN CLOSING EXPENSE 1500 1500 -36158 -36158 1079021 772521 306500 0 9190306 8844022 110816 84340 20971571 21778575 11528 992554 373502 643592 619052 1429461 1329886 262535 285016 32608281 32952419 142997 157023 154316 133102 9367658 10010814 2550000 1550000 12214971 11850939 X 12473897 12571379 7919413 8530101 20393310 21101480 32608281 32952419 708170 X false true X true true true X 1136650 1920611 287503 479761 390290 4214815 1136650 1920611 287503 479761 390290 4214815 4214815 118824 54437 44234 59290 209509 486294 4701109 4946759 0.89660 0.91710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 142506 142506 850048 373502 476546 619052 X 1787191 1787191 1787191 1079021 1079021 1079021 SCHEDULE D, PAGE 3, PART X NESDEC IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, NESDEC QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(10)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). true NORTHEAST SOUTH DAKOTA COMMUNITY AC 104 ASH STREET SISSETON SD 57262 460282100 3 20703 SUPPORT PROGRAMS FINANCIAL AID 27 29522 X X X false false false false false false false false false MARCIA ERICKSON CHIEF EXECUTIVE OFFI 180573 17377 14348 212298 LORI FINNESAND CHIEF EXECUTIVE OFFI 163045 17377 17053 197475 FORM 990, PAGE 1, PART I, LINE 6 BOARD MEMBERS SERVE WITHOUT COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD OF DIRECTORS HAS GIVEN THE BOARD'S AUDIT/FINANCE COMMITTEE AUTHORITY TO REVIEW IN DEPTH AND SUBMIT THE 990 BY THE FILING DEADLINE. A FULL COPY OF THE 990 IS GIVEN TO THE BOARD OF DIRECTORS AT THEIR NEXT SCHEDULED BOARD MEETING FOR ALL BOARD MEMBERS TO REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C REGULAR AND CONSISTENT MONITORING OF THE POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE AUDIT AND FINANCE COMMITTEE MEET WITH THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICERS TO REVIEW COMPENSATION INFORMATION FOR KEY POSITIONS. DATA IS COMPILED FROM COMPARABLE ORGANIZATIONS IN THE REGION. THE COMMITTEE REPORTS THE RESULTS TO THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE AUDIT AND FINANCE COMMITTEE MEET WITH THE CHIEF FINANCIAL OFFICER AND THE CHIEF EXECUTIVE OFFICERS TO REVIEW COMPENSATION INFORMATION FOR KEY POSITIONS. DATA IS COMPILED FROM COMPARABLE ORGANIZATIONS IN THE REGION. THE COMMITTEE REPORTS THE RESULTS TO THE FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 18 GUIDESTAR.COM IRS.GOV FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC ON REQUEST. NE SOUTH DAKOTA COMMUNITY ACTION PR 104 ASH ST E SISSETON SD 57262 460282100 SHARE EMPL SD 501 7 N/A false GROW SOUTH DAKOTA 104 ASH ST E SISSETON SD 57262 562667948 LOANS SD 501 7 N/A false false true false true false false false false false true false false false true true true false true true GROW SOUTH DAKOTA D 1000000 GROW SOUTH DAKOTA R 44775 GROW SOUTH DAKOTA A 30000 NE SOUTH DAKOTA COMMUNITY ACTION B 20000 NE SOUTH DAKOTA COMMUNITY ACTION O 683778 NE SOUTH DAKOTA COMMUNITY ACTION P 66072 NE SOUTH DAKOTA COMMUNITY ACTION PR R 1200 NE SOUTH DAKOTA COMMUNITY ACTION PR J 27000 SCHEDULE R NORTHEAST SOUTH DAKOTA COMMUNITY ACTION PROGRAM (NESDCAP) IS A NONPROFIT ORGANIZATION THAT PROMOTES HEALTH, EDUCATION AND SOCIAL AND ECONOMIC WELFARE TO LOW INCOME,MINORITY AND DISADVANTAGE PERSONS. NESDEC EMPLOYEES ARE ALSO EMPLOYED BY NESDCAP. NESDEC REIMBURSES NESDCAP FOR SALARIES, EMPLOYEE BENEFITS AND VARIOUS ADMINISTRATIVE AND PROGRAM COSTS. NESDCAP LEASES OFFICE AND STORAGE SPACE FROM NESDEC ON ANNUAL LEASES. GROW SOUTH DAKOTA IS A NOT-FOR-PROFIT CORPORATION FORMED TO PROMOTE AND FOSTER ECONOMIC,HOUSING, AND EDUCATIONAL DEVELOPMENT IN DISTRESSED COMMUNITIES AND UNDERSERVED MARKETS IN SOUTH DAKOTA AND TO PURPOSEFULLY SERVE LOW TO MODERATE INCOME INDIVIDUALS AND COMMUNITIES. A MINORITY OF GROW SOUTH DAKOTA BOARD MEMBERS ALSO SERVE ON THE NESDEC BOARD.