Form 990 Relationship Survey

In connection with the preparation of the Return of Organization Exempt From Tax (Form 990) for the year ended September 30, 2021, the Sioux Falls Development Foundation is required to provide information regarding relationships between officers, directors, trustees, and key employees of the organization as well as transactions with interested persons. These relationships and transactions would not necessarily be identified by the organization’s standard conflict of interest procedures; therefore, we are taking additional steps to gather this information. We are asking you to complete this questionnaire as you are currently included as one of these individuals on the Form 990 for the year ended September 30, 2021.

Please note that relationships and transactions reported to us may or may not be reported on Form 990 as there are complex reporting thresholds and exceptions. Eide Bailly LLP, our Form 990 paid preparer, will assist us in analyzing these items and determining whether or not they are reportable.

In order to properly respond to this requirement, please furnish answers to the following questions, type your name at the bottom, and submit the questionnaire by December 31, 2021.

We appreciate your assistance in this process.

Sincerely,
Cory Buck, VP of Finance & Administration

2021 Officers, Directors, Trustees, and Key Employees:

Ryan Boschee Steve Kolbeck
Dr. Brett Bradfield Julie Lautt
Holly Brunick Michelle Lavallee
Cory Buck Kurt Loudenback
Pat Costello Tim McCarthy
Kent Cutler Clark Meyer
Dean Dziedzic Bob Mundt
Todd Ernst Tony Nour
Sean Ervin Betty Oldenkamp
Jeff Fiegen Keith Severson
Denise Guzzetta Robert Thimjon
Kira Kimball Mike Van Buskirk
Steve Watson

Form 990 Relationship Survey

Are any of the individuals listed above your spouse, parent or grandparent, brother or sister (whether whole or half-blood), child (whether natural or adopted), grandchild, or the spouse of a brother, sister, child, or grandchild?(Required)
Are you employed by or do you employ any of the individuals listed above either in a sole proprietorship or in an organization in which you or the other person is an officer, director, or greater than 35% owner? Please note: This disclosure does include working as an employee of a tax exempt organization.(Required)
Have you conducted business with any of the individuals listed above (other than in the ordinary course of business on the same terms offered to the general public? Example: Sale of a car by the owner of a car dealership to another individual is not required to be disclosed if on the same terms as the general public.(Required)
Do you and any of the individuals listed above serve as a director, trustee, officer, or greater than 10% owner in the same business or investment entity. Please note: Serving in one of these roles with a non-profit organization does not require disclosure.(Required)
Did you or your family members (as defined above) enter into an excess benefit transaction with the organization? (NOTE: this question applies to 501(c)(3), 501(c)(4), or 501(c)(29) organizations only) An excess benefit is a transaction in which an excess benefit is provided by the organization. An example of an excess benefit would be paying compensation in excess of fair market value or paying more than fair market value in an exchange transaction.(Required)
Do you or your family members have any loans to or from the organization?(Required)
Did any business that is owned more than 35% by you or your family members have any loans to or from the organization?(Required)
Did you or your family members receive any grants or similar economic assistance from the organization?(Required)
Did any business that is owned more than 35% by you or your family members receive any grants or similar economic assistance from the organization?(Required)
Did you or your family members have any business transactions with the organization in excess of $10,000? Business transactions include but are not limited to contracts of sale, lease, license, and performance of services. Business transactions also include joint ventures in which either the profits or capital interest of the organization and of the interested person each exceeds 10%.(Required)
Did any business that is owned more than 35% by you or your family members have any business transactions with the organization in excess of $10,000?(Required)
Did the organization pay compensation to one of your family members in excess of $10,000?(Required)