SOUTH EASTERN DEVELOPMENT FOUNDATION
Data sourced from IRS 990 public filings
SOUTH EASTERN DEVELOPMENT FOUNDATION Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives
Local (City/County Level)
Low-Income/Economically Disadvantaged
Direct Service Delivery
Community & Economic Development
Affordable Housing Development
Policy Advocacy & Legislative Reform
Annual Revenue
$4,190,397
Known Funders
4
Grants Received
5
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $2,441,148 | $1,339,293 | $24,947,970 |
| 2022 | $2,283,474 | $1,682,186 | $24,350,376 |
| 2021 | $4,520,935 | $737,367 | $22,464,210 |
| 2020 | $4,190,397 | $365,242 | $17,415,403 |
| 2019 | $623,583 | $668,147 | $12,990,834 |
| 2018 | $1,819,104 | $678,659 | $12,397,266 |
| 2017 | $2,610,371 | $1,769,415 | $12,095,069 |
| 2016 | $2,363,977 | $1,037,542 | $10,893,854 |
Top Funders
Dakota Business Finance
Sioux Falls, SD
$110,000 (2023)
Dakota Business Finance
Sioux Falls, SD
$40,000 (2022)
First Interstate BancSystem Foundation
Billings, MT
$10,000 (2023)
SIOUX FALLS AREA COMMUNITY FOUNDATION INC
SIOUX FALLS, SD
$10,000 (2022)
$10,000 (2023)
Key Personnel
From 2023 IRS 990 filing
L
Lynne Keller Forbes
President & CEO
Officer
B
Bryan Hakeman
Sec/Treasurer
Officer
D
Dave Kroll
Director
K
Keith Thompson
President
Officer
M
Marcus Mahlen
Director
P
Paul Tschetter
Vice President
Officer
Frequently Asked Questions
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