South Eastern Development Foundation
Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives
South Eastern Development Foundation at a glance
In short: South Eastern Development Foundation gave $25K across 1 grant in 2025 (avg $25K), mostly in South Dakota. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $25,000
- Grants made (2025)
- 1
- Average grant
- $25,000
- Median grant
- $25,000
- Total assets
- $28,720,463
- +8.7% vs 2024
- Primary geography
- South Dakota (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who South Eastern Development Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Forward Sioux Falls ($25K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Forward Sioux Falls Sioux Falls, SD | — | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $28,720,463 | $3,508,082 | $1,992,986 | $25,000 | 1 | $267,950 |
| 2024 | $26,411,169 | $3,576,818 | $1,545,327 | — | — | $195,176 |
| 2023 | $24,947,970 | $2,441,148 | $1,339,293 | — | — | $200,952 |
| 2022 | $24,350,376 | $2,283,474 | $1,682,186 | — | — | $36,785 |
| 2021 | $22,464,210 | $4,520,935 | $737,367 | — | — | $22,105 |
| 2020 | $17,415,403 | $4,190,397 | $365,242 | — | — | $32,921 |
About South Eastern Development Foundation
Based on IRS filings
South Eastern Development Foundation is a public charity focused on Community Improvement & Capacity Building, based in Sioux Falls, SD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $28.7M in total assets. In 2025, it awarded 1 grant totaling $25K. Net investment income was $268K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
South Eastern Development Foundation is led by Lynne Keller Forbes, President & CEO since 2023 (on filings since 2020); none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Lynne Keller Forbes
President & CEO
Executive Di → Executive Director, 2021
Executive Director → President & CEO, 2023
On filings since 2020
No compensation reported
Mike Gray
President
New on the 2025 filing
1 hr/week
No compensation reported
Autumn Kaufhold
Director
On filings since 2024
1 hr/week
No compensation reported
Eric Kirlvliet
Director
New on the 2025 filing
1 hr/week
No compensation reported
Bryan Hakeman
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Jeremy Kizer
Vice President
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (10)
- Former: Dave Kroll (2022–2024) — Director
- Former: Paul Tschetter (2022–2024) — President
- Former: Rich Naser (2024) — Vice President
- Former: Keith Thompson (2021–2023) — President
- Former: Marcus Mahlen (2021–2023) — Director
- Former: Eric DeHaan (2020–2022) — President
- Former: David Edwards (2020–2021) — Director
- Former: Ryan Boschee (2020–2021) — President
- Former: Amy Ibis (2020) — Secretary & Treasurer
- Former: Lucas Fiegen (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about South Eastern Development Foundation
How much does South Eastern Development Foundation give each year?
South Eastern Development Foundation gave $25K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is South Eastern Development Foundation?
South Eastern Development Foundation reported $28.7M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.5M.
What is South Eastern Development Foundation?
South Eastern Development Foundation is a public charity focused on Community Improvement & Capacity Building, based in Sioux Falls, SD. It holds $28.7M in total assets as of 2025.
Where does South Eastern Development Foundation operate?
South Eastern Development Foundation has awarded grants in South Dakota.
What is South Eastern Development Foundation's EIN?
South Eastern Development Foundation's EIN (Employer Identification Number) is 30-0017659. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 18, 2026)
Live grants for the work South Eastern Development Foundation funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
- Hancock Whitney Opportunity Grant (Hancock Whitney Community Reinvestment Act Program) Up to US $25,000 · Due October 30, 2026
Explore Open Grants
Browse active grant opportunities in South Eastern Development Foundation's focus areas in our free grants database
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Avera Health
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Ch Robinson Worldwide Foundation
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