Nonprofit · EIN 71-0879071
ENTERPRISE INSTITUTE
Tax-exempt · BROOKINGS, SD 57006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $375,955 | $266,603 | $109,352 | $947,880 | $24,191 | $923,689 |
| December 31, 2024 | 990 | $311,104 | $253,392 | $57,712 | $842,490 | $28,153 | $814,337 |
| December 31, 2023 | 990 | $231,030 | $227,918 | $3,112 | $788,824 | $32,199 | $756,625 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $179,186
- Program service revenue
- $165,085
- Investment income
- $31,684
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $163,700
- Other salaries and wages
- $15,619
- Salaries, compensation and benefits (total)
- $206,952
- Professional fundraising fees
- $0
- Legal fees
- $7,616
- Accounting fees
- $6,138
- Occupancy
- $9,780
- Travel
- $7,738
- Program services (functional)
- $237,078
- Management and general (functional)
- $29,525
Balance sheet and other
- Total assets, start of year
- $842,490
- Total assets, end of year
- $947,880
- Total liabilities, end of year
- $24,191
- Net assets, end of year
- $923,689
- Net assets without donor restrictions
- $923,689
- Gross receipts
- $375,955
- Employees
- 4
- Year formed
- 2002
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tom Eitreim | Executive Director | 40 | $163,700 | $12,674 |
| Duane Sander | Sec and Treas Trustee or director, Officer | 2 | $0 | $0 |
| Al Kurtenbach | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Keith Bartels | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Ed Cannon | Director Trustee or director | 1 | $0 | $0 |
| Errol EerNisse | Director Trustee or director | 1 | $0 | $0 |
| Darren Haar | Director Trustee or director | 1 | $0 | $0 |
| Jerome Lohr | Director Trustee or director | 1 | $0 | $0 |
| Jim Morgan | Director Trustee or director | 1 | $0 | $0 |
| Brad Wheeler | Director Trustee or director | 1 | $0 | $0 |
| Matt Paulson | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tom Eitreim | Executive Director | 40 | $153,160 | $11,733 |
| Duane Sander | Sec/Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Al Kurtenbach | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Keith Bartels | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Ed Cannon | Director Trustee or director | 1 | $0 | $0 |
| Errol EerNisse | Director Trustee or director | 1 | $0 | $0 |
| Darren Haar | Director Trustee or director | 1 | $0 | $0 |
| Jerome Lohr | Director Trustee or director | 1 | $0 | $0 |
| Jim Morgan | Director Trustee or director | 1 | $0 | $0 |
| Brad Wheeler | Director Trustee or director | 1 | $0 | $0 |
| Matt Paulson | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tom Eitreim | Executive Director | 40 | $143,000 | $10,725 |
| Duane Sander | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Al Kurtenbach | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Keith Bartels | Sec/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Ed Cannon | Director Trustee or director | 1 | $0 | $0 |
| Errol EerNisse | Director Trustee or director | 1 | $0 | $0 |
| Darren Haar | Director Trustee or director | 1 | $0 | $0 |
| Jerome Lohr | Director Trustee or director | 1 | $0 | $0 |
| Jim Morgan | Director Trustee or director | 1 | $0 | $0 |
| Brad Wheeler | Director Trustee or director | 1 | $0 | $0 |
| Matt Paulson | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2301 RESEARCH PARK WAY STE 114, BROOKINGS, SD 57006-1723
- In care of
- % MARCIA HENDRICKSON
- Signed the 990
- Tom Eitreim, Executive Dir.
- Phone
- (605) 697-5015
- Website
- www.sdei.org
- Return prepared by
- Kinner & Company Ltd
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.
Program accomplishments
- Business Resource Center - The Enterprise Institute provides confidential business consulting services for independent inventors, researchers, and high-growth entrepreneurs in our region.Expenses $214,749 · revenue $96,738
- The Innovation Expo is an entrepreneurship conference where we celebrate the inventors, entrepreneurs, and investors who grow new technologies and businesses in our region. The event features keynote speaker presentations, panel discussions, educational sessions and also networking opportunities.Expenses $22,329 · revenue $68,347
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0879071
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B19)
- Assets (IRS master file)
- $947,880
- Income (IRS master file)
- $375,955
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $375,955 | $266,603 | $947,880 | IRS |
| 990 | December 2024 | $311,104 | $253,392 | $842,490 | IRS |
| 990 | December 2023 | $231,030 | $227,918 | $788,824 | XML |
| 990 | December 2022 | $297,693 | $371,298 | $795,922 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 71-0879071).
Questions about ENTERPRISE INSTITUTE
- What is the EIN of ENTERPRISE INSTITUTE?
- The employer identification number (EIN) of ENTERPRISE INSTITUTE is 71-0879071.
- Is ENTERPRISE INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to ENTERPRISE INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ENTERPRISE INSTITUTE 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 ENTERPRISE INSTITUTE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ENTERPRISE INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of ENTERPRISE INSTITUTE?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $163,700 (Tom Eitreim, Executive Director).
- How much revenue does ENTERPRISE INSTITUTE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $375,955, expenses of $266,603 and total assets of $947,880 at year end.
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