Enterprise 605

Organization Overview

Enterprise 605 is located in Sioux Falls, SD. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enterprise 605 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, Enterprise 605 generated $4.6k in total revenue. All expenses for the organization totaled $16.3k during the year ending 12/2020.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTING THE INTERESTS AND ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH DAKOTA BY FOSTERING ENTREPRENEURSHIP OPPORTUNITIES AND EXPANSION OF BUSINESSES AND SUPPORTING GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS IN SOUTH DAKOTA THROUGH EDUCATION, INFORMING PUBLIC OPINION GERMANE TO ECONOMIC DEVELOPMENT IN SOUTH DAKOTA, AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT, AND PROVIDING FINANCIAL SUPPORT TO SOUTH DAKOTA BUSINESSES OR BUSINESSES WHO PLAN TO DO BUSINESS IN SOUTH DAKOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

2020 WAS THE FOURTH YEAR OF OPERATIONS FOR THE ORGANIZATION. THE ORGANIZATION WAS UNABLE TO CONTINUE THE INTERNSHIP PROGRAM IN 2020 DUE TO COVID, BUT IT WILL CONTINUE PER A CONTRACT WITH THE UNIVERSITY OF SOUTH DAKOTA IN 2021. THE ORGANIZATION ALSO CONTINUED ITS INVESTMENT IN VENTURE CAPITAL FUND.


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Board, Officers & Key Employees

Name (title)Compensation
$0
Robert Fouberg
Treasurer
$0
David Chicoine
Board Member
$0
Venkey Venkatachalam
Board Member
$0
Dana Dykhouse
Board Member
$0
David Emery
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $4,026
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 $4,626

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