South Dakota Chamber of Commerce & Industry
Nonprofit profile at a glance
- EIN
- 460141180
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Pierre, SD, USA
- Phone
- 8007428112
- Rating
- 36
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $579,412
- Expenses
- $529,899
- Assets
- $242,159
- Liabilities
- $237,543
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- DAVID OWEN (PRESIDENT)
- RYAN BUDMAYR (PRESIDENT)
Highest reported compensation
- DAVID OWEN (PRESIDENT): $151,125 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The South Dakota chamber of commerce and industry will provide leadership to ensure a vigorous and prosperous business climate for the benefits of all south dakotans.
What it reported doing in 2024
Legislative advocacy and research - the chamber functions as an advocate for our members and for all businesses in South Dakota. This advocacy is done in the legislature, before state agencies, and directly with the public in the form of initiative campaigns. Each year, the South Dakota chamber monitors legislation for bills that pose a threat to our members and to the overall business climate of the state. We are present every day to lobby for our members. When important issues are discussed at the department level, the chamber is at the table, bringing a respected voice to the conversations. Each week during the legislative session members have the opportunity to participate in online legislative briefings and receive regular issues of a newsletter titled "capitol-ism" which gives analysis of key issues in a way that members can apply to their business or updates as key bills move through the process.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
REVIEW - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 64
- Accountability: 71
- Sustainability: 35
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.4%; rating input score 94; 25th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 8.5%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 28.5%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -3.7% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 17 of 18 board members independent · 3 of 8 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $151K · 21 people listed · 1 of 6 pay-setting controls reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Operating margin scored 58/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 8/100.