Northeast South Dakota Economic Corporation
Donations deductibleNortheast South Dakota Economic Corporation's network
15 people8 organisationsi15 people and 8 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (15). Violet dotted lines (8) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
15 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 15 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Daniel Menking Chair | Chairman | 2018 | 8 yrs |
| Beth Smith | Director | 2018 | 8 yrs |
| Colleen Cordell | Director | 2018 | 8 yrs |
| Craig RAU | Vice Chair | 2018 | 8 yrs |
| David Gleason | Director | 2018 | 8 yrs |
| Emily Rodgers | Director | 2024 | 2 yrs |
| Joell Bieber | Director | 2018 | 8 yrs |
| Judy Steen | Treasurer | 2018 | 8 yrs |
| Michele Loobey | Director | 2025 | 1 yr |
| Pat Tollefson | Director | 2018 | 8 yrs |
| Patty Roehr | Company secretary | 2018 | 8 yrs |
| Rita Anderson | Director | 2023 | 3 yrs |
| Rod Kusser | Director | 2018 | 8 yrs |
| Terry Schultz | Director | 2023 | 3 yrs |
| Trevor Cramer | Director | 2018 | 8 yrs |
Officers and senior leadership
7 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Kathryn Rasmus | Chief Financ | since 2023 |
| Kathryn Rasmus-AS of 070122 | Chief Financ | 2022 |
| Kimberly Lorensberg | Chief Financ | since 2018 |
| Kimberly Lorensberg-to 063022 | Chief Financ | 2022 |
| Lori Finnesand | Chief Execut | since 2018 |
| Lori Moen | Chief Operat | 2023 |
| Marcia Erickson | Chief Execut | since 2018 |
Pay and hours
year to 30 September 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Marcia Erickson | Chief Execut | 10 | $0 | $181k | $32k |
| Lori Finnesand | Chief Execut | 40 | $0 | $163k | $34k |
| Kathryn Rasmus | Chief Financ | 15 | $0 | $116k | $17k |
| Rita Anderson | Director | 1 | $0 | ||
| Joell Bieber | Director | 1 | $0 | ||
| Colleen Cordell | Director | 1 | $0 | ||
| Trevor Cramer | Director | 1 | $0 | ||
| David Gleason | Director | 1 | $0 | ||
| Rod Kusser | Director | 1 | $0 | ||
| Michele Loobey | Director | 1 | $0 | ||
| Daniel Menking | Chairman | 1 | $0 | ||
| Craig Rau | Vice Chair | 1 | $0 | ||
| Emily Rodgers | Director | 1 | $0 | ||
| Patty Roehr | Secretary | 1 | $0 | ||
| Terry Schultz | Director | 1 | $0 | ||
| Beth Smith | Director | 1 | $0 | ||
| Judy Steen | Treasurer | 1 | $0 | ||
| Pat Tollefson | Director | 1 | $0 |
About
- Legal name
- Northeast South Dakota Economic Corporation
- EIN
- 460350177
- Address
- 104 E Ash St, Sisseton, SD, 57262-1908
- State
- South Dakota
- Mission
- To stimulate economic opportunities through loans, technical support and partnerships (as filed on the Form 990)
- Activity (NTEE)
- S430 Community improvement and capacity building
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 8 (IRS master file code)
- Formed
- 1978
- Principal officer
- Lori Finnesand (as named on the Form 990)
- IRS ruling date
- 1 February 1979
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 8, latest 2025
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsDaniel Menking
≥8years on the filingsBeth Smith
≥8years on the filingsColleen Cordell
≥8years on the filingsCraig RAU
Latest return
year to 30 September 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 September 2025. US dollars, as filed.- Total assets
- $33m
- Total liabilities
- $11.9m
- Net assets or fund balances
- $21.1m
- Contributions and grants received
- $390k
- Program service revenue
- $1.2m
- Grants and similar paid out
- $50k
- Employees
- 0
- Volunteers
- 15
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2023 | $1.7m | $1m | $662k |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Northeast South Dakota Community Ac | Support programs | $21k |