South Dakota Chamber Of Commerce & Industry

Organization Overview

South Dakota Chamber Of Commerce & Industry is located in Pierre, SD. The organization was established in 1937. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, South Dakota Chamber Of Commerce & Industry employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Chamber Of Commerce & Industry is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2020, South Dakota Chamber Of Commerce & Industry generated $739.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $744.7k during the year ending 12/2020. While expenses have increased by 25.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, South Dakota Chamber Of Commerce & Industry has awarded 11 individual grants totaling $125,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE SOUTH DAKOTA CHAMBER OF COMMERCE AND INDUSTRY WILL PROVIDE LEADERSHIP TO ENSURE A VIGOROUS AND PROSPEROUS BUSINESS CLIMATE FOR THE BENEFIT FOR ALL SOUTH DAKOTANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BALLOT MEASURE CAMPAIGNS - THE CHAMBER RAISES FUNDS, BUILDS COALITIONS, DOES MESSAGE POLLING, PURCHASES ADVERTISING, AND ORGANIZES CAMPAIGNS FOR THE ADOPTION OR DEFEAT OF SOUTH DAKOTA BALLOT MEASURES IN ACCORDANCE WITH ITS MISSION TO PROVIDE LEADERSHIP TO ENSURE A VIGOROUS AND PROSPEROUS BUSINESS CLIMATE FOR THE BENEFIT FOR ALL SOUTH DAKOTANS. SPENDING ON BALLOT MEASURE CAMPAIGNS VARIES DEPENDING ON THE NUMBER OF BALLOT QUESTIONS ON THE BALLOT AND THE CHAMBER'S EFFORTS ON THEIR ADOPTION OR DEFEAT. IN 2020, THE CHAMBER WAS ACTIVE IN ORGANIZING THE CAMPAIGN IN OPPOSITION OF AMENDMENT A. IN ADDITION, IN 2020, THE CHAMBER ALSO MAINTAINED THE SOUTH DAKOTA CHAMBER BALLOT ACTION COMMITTEE, WHICH IS AN ONGOING COMMITTEE THAT UTILIZES FUNDS TO SUPPORT OR DEFEAT BALLOT QUESTIONS AS THEY ARISE. NO REGULAR MEMBERSHIP DUES ARE USED FOR BALLOT CAMPAIGNS.


THE ANNUAL ECONOMIC OUTLOOK SEMINAR PROVIDES ATTENDEES WITH UPDATED INFORMATION ON THE STATE'S ECONOMY, AN EDUCATION ABOUT THE FACTORS THAT DRIVE THE ECONOMY AND FEATURES SPEAKERS ADDRESSING A CERTAIN SEGMENT OF THE ECONOMY. THE 2020 EVENT HAD 137 REGISTERED PARTICIPANTS.


BUSINESS DAY PROVIDES AN OPPORTUNITY FOR ATTENDEES TO GATHER IN PIERRE TO LEARN ABOUT AND DISCUSS THE LEGISLATIVE REGULATORY AND BALLOT ISSUES BEING DEBATED AND HEAR FROM LEADING SPEAKERS. ATTENDEES PARTICIPATE IN THE ANNUAL "BUSINESS CAUCUS" WHERE OPINIONS ON ONGOING AND CURRENT ISSUES ARE VOTED ON VIA TEXT MESSAGES, WITH THE RESULTS INSTANTLY TABULATED AND DISPLAYED. THE RESULTS, REPRESENTING DIVERSE DEMOGRAPHICS, ARE DELIVERED TO STATE LEGISLATORS THE NEXT DAY. IN 2020, THE TOTAL OF PAID ATTENDEES AND GUESTS REGISTERED FOR THE EVENT WAS 230.


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Board, Officers & Key Employees

Name (title)Compensation
Owen David
Pres. - Sdcci & Secretary
$133,047
Dykhouse Dana
Past Chair
$0
Anderson Sheila
Director
$0
Bender Michael
Director
$0
Boyle Tim
Director
$0
Giovannini David Until 92220
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$500
Government grants $40,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$40,500
Total Program Service Revenue$697,934
Investment income $504
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $739,168

Grants Awarded

Over the last fiscal year, South Dakota Chamber Of Commerce & Industry has awarded $30,000 in support to 2 organizations.

Grant RecipientAmount

NOVUM NANO LLC

PURPOSE: 1ST PLACE AWARD - GIANT VISION BUSINESS COMPETITION

$20,000

HOMEMETRICS LLC

PURPOSE: 2ND PLACE AWARD - GIANT VISION BUSINESS COMPETITION

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that South Dakota Chamber Of Commerce & Industry has recieved totaling $70,500.

Awarding OrganizationAmount
Sanford

Sioux Falls, SD

PURPOSE: Yearly membership, Economic Development Seminar

$35,000
Avera Health

Sioux Falls, SD

PURPOSE: Sponsorship

$25,000
Avera Health

Sioux Falls, SD

PURPOSE: Sponsorship

$10,500
View Grant Recipient Profile

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