Nonprofit · EIN 46-0350177
NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION
Tax-exempt · SISSETON, SD 57262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,787,191 | $1,079,021 | $708,170 | $32,952,419 | $11,850,939 | $21,101,480 |
| September 30, 2024 | 990 | $1,710,583 | $1,048,344 | $662,239 | $32,608,281 | $12,214,971 | $20,393,310 |
| September 30, 2023 | 990 | $1,331,875 | $888,840 | $443,035 | $31,356,241 | $11,588,505 | $19,767,736 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $390,290
- of which government grants
- $381,290
- Program service revenue
- $1,187,392
- Investment income
- $209,509
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $50,225
- Other salaries and wages
- $488,567
- Salaries, compensation and benefits (total)
- $683,779
- Professional fundraising fees
- $0
- Legal fees
- $11,582
- Accounting fees
- $21,317
- Occupancy
- $26,647
- Travel
- $21,547
- Depreciation
- $24,540
- Program services (functional)
- $772,521
- Management and general (functional)
- $306,500
Balance sheet and other
- Total assets, start of year
- $32,608,281
- Total assets, end of year
- $32,952,419
- Total liabilities, end of year
- $11,850,939
- Net assets, end of year
- $21,101,480
- Land, buildings and equipment
- $619,052
- Net assets without donor restrictions
- $12,571,379
- Net assets with donor restrictions
- $8,530,101
- Gross receipts
- $1,787,191
- Employees
- 0
- Volunteers
- 15
- Year formed
- 1978
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARCIA ERICKSON | CHIEF EXECUT Officer | 10 | $0 | $180,573 | $31,725 |
| LORI FINNESAND | CHIEF EXECUT Officer | 40 | $0 | $163,045 | $34,430 |
| KATHRYN RASMUS | CHIEF FINANC Officer | 15 | $0 | $115,565 | $16,580 |
| RITA ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOELL BIEBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLLEEN CORDELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TREVOR CRAMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID GLEASON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROD KUSSER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE LOOBEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL MENKING | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CRAIG RAU | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EMILY RODGERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATTY ROEHR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY SCHULTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BETH SMITH | DIRECTOR Trustee or director | 1 | $0 |
| JUDY STEEN | TREASURER Trustee or director, Officer | 1 | $0 |
| PAT TOLLEFSON | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARCIA ERICKSON | CHIEF EXECUT Officer | 10 | $0 | $168,127 | $29,437 |
| LORI FINNESAND | CHIEF EXECUT Officer | 40 | $0 | $151,358 | $31,560 |
| KIMBERLY LORENSBERG | CHIEF DEVELO Former | 30 | $0 | $132,871 | $20,856 |
| KATHRYN RASMUS | CHIEF FINANC Officer | 15 | $0 | $107,823 | $10,588 |
| RITA ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOELL BIEBER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| COLLEEN CORDELL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TREVOR CRAMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID GLEASON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROD KUSSER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELE LOOBEY-GERTSCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DANIEL MENKING | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CRAIG RAU | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EMILY RODGERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PATTY ROEHR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRY SCHULTZ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BETH SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JUDY STEEN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PAT TOLLEFSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARCIA ERICKSON | CHIEF EXECUT Officer | 10 | $0 | $151,539 | $26,878 |
| LORI FINNESAND | CHIEF EXECUT Officer | 40 | $0 | $136,862 | $28,724 |
| KIMBERLY LORENSBERG | CHIEF DEVELO Officer | – | $0 | $124,585 | $19,054 |
| LORI MOEN | CHIEF OPERAT Officer | – | $0 | $108,575 | $27,046 |
| KATHRYN RASMUS | CHIEF FINANC Officer | 15 | $0 | $92,577 | $8,772 |
| RITA ANDERSON | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JOELL BIEBER | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| COLLEEN CORDELL | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| TREVOR CRAMER | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| VINCE FOLEY | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| DAVID GLEASON | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| ROD KUSSER | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| DANIEL MENKING | CHAIRMAN Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| CRAIG RAU | VICE CHAIR Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| PATTY ROEHR | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JOANN SCHAEFERS | SECRETARY Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| TERRY SCHULTZ | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| BETH SMITH | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
| JUDY STEEN | TREASURER Trustee or director, Officer | 0.75 | $0 | $0 | $0 |
| PAT TOLLEFSON | DIRECTOR Trustee or director | 0.75 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 104 E ASH ST, SISSETON, SD 57262-1908
- Principal officer (990 for 2024)
- LORI FINNESAND
- Signed the 990
- LORI FINNESAND, CHIEF EXECUTIVE OFFI
- Phone
- (605) 698-7654
- Website
- WWW.GROWSD.ORG
- Return prepared by
- WOHLENBERG RITZMAN & CO LLC
Mission
TO STIMULATE ECONOMIC OPPORTUNITIES THROUGH LOANS, TECHNICAL SUPPORT AND PARTNERSHIPS
Program accomplishments
- 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.Expenses $772,521 · grants $50,225 · revenue $1,187,392
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 46-0350177
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S430)
- Assets (IRS master file)
- $32,952,419
- Income (IRS master file)
- $1,787,191
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,787,191 | $1,079,021 | $32,952,419 | XML |
| 990 | September 2024 | $1,710,583 | $1,048,344 | $32,608,281 | XML |
| 990 | September 2023 | $1,331,875 | $888,840 | $31,356,241 | XML |
| 990 | September 2022 | $2,763,514 | $912,959 | $28,795,164 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0350177).
Questions about NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION
- What is the EIN of NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION?
- The employer identification number (EIN) of NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION is 46-0350177.
- Is NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION?
- The 990 for the year ended September 30, 2025 names LORI FINNESAND.
- Who are the officers and directors of NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION?
- The 990 for the year ended September 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does NORTHEAST SOUTH DAKOTA ECONOMIC CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,787,191, expenses of $1,079,021 and total assets of $32,952,419 at year end.
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