Sunshine Bible Academy Foundation
- Assets
- $959.7k
- Revenue
- $187.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Miller, SD
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-3229365
Organization Overview
Sunshine Bible Academy Foundation is located in Miller, SD. The organization was established in 2007. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Bible Academy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sunshine Bible Academy Foundation generated $187.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $183.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO SOLICIT DONATIONS AND CONTRIBUTIONS THROUGH FUNDRAISING EFFORTS AND ESTABLISH PERMANENT ENDOWMENT FUNDS IN ORDER TO PROVIDE FUNDING TO SUNSHINE BIBLE ACADEMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CATTLE FUND IS TO FINANCIALLY SUPPORT SUNSHINE BIBLE ACADEMY'S LIVESTOCK PROGRAM.
THE PURPOSE OF THE GENERAL FUND IS TO FINANCIALLY SUPPORT THE GENERAL AND PROGRAM ACTIVITY OF SUNSHINE BIBLE ACADEMY.
THE PURPOSE OF THE BUILDING FUND IS TO FINANCIALLY SUPPORT THE MAINTENANCE AND ONGOING NEEDS RELATED TO THE BUILDINGS ON THE SUNSHINE BIBLE ACADEMY CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Todd Secretary | OfficerTrustee | 1.33 | $0 |
David Paul President | OfficerTrustee | 1.33 | $0 |
Brad Ufen Treasurer | OfficerTrustee | 1.33 | $0 |
Mark Merchen Member | Trustee | 1.33 | $0 |
Kelly Hettich Member | Trustee | 1.33 | $0 |
Edward Eller Member | Trustee | 1.33 | $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 | $63,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,620 |
| Total Program Service Revenue | $0 |
| Investment income | $14,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $104,490 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $187,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $167,043 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,110 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $787 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $183,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,533 |
| Savings and temporary cash investments | $39,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $112,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $802,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $959,694 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $157,245 |
| Net assets with donor restrictions | $802,449 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $959,694 |
Grants Awarded
Over the last fiscal year, Sunshine Bible Academy Foundation has awarded $167,043 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Miller, SD PURPOSE: CATTLE PROGRAM | $78,675 |
Miller, SD PURPOSE: FACILITY MAINTENANCE | $65,309 |
Miller, SD PURPOSE: STUDENT SCHOLARSHIPS | $23,059 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sunshine Bible Academy Foundation has recieved totaling $101.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Endowment Analysis
| Beg. Balance | $925,823 |
| Earnings | -$145,754 |
| Admin Expense | $6,110 |
| Net Contributions | $66,794 |
| Other Expense | $15,245 |
| Grants | $23,059 |
| Ending Balance | $802,449 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mammel Family Foundation Omaha, NE | $116,455,414 | $27,168,281 |
Propel Nonprofits Minneapolis, MN | $49,559,623 | $14,478,230 |
Jewish Federation Of Omaha Foundation Omaha, NE | $124,451,193 | $16,233,916 |
Annette And Paul Smith Charitable Fund Omaha, NE | $1,572,080 | $32,841 |
Grhs-Fmch Community Health Foundation Fort Madison, IA | $2,014,247 | $542,738 |
Stride Academy Building Company St Cloud, MN | $14,195,739 | $1,437,318 |
Norfolk Ymca Real Estate Holding Corporation Nofolk, NE | $9,843,118 | -$434,812 |
Billings Leadership Foundation Billings, MT | $312,454 | $1,099,588 |
Wild Sheep Legacy Foundation Forest Lake, MN | $11,469,458 | $1,459,597 |
Des Moines Public Library Foundation Des Moines, IA | $4,315,717 | $910,183 |
Granite Charitable St Cloud, MN | $29,506,815 | $11,659,873 |
Oaknoll Foundation Iowa City, IA | $1,581,915 | $436,718 |