Sioux Falls Area Community Foundation Inc
- Assets
- $283.1m
- Revenue
- $36.9m
- Investments
- $4.0m
- Employees
- 13
- Location
- Sioux Falls, SD
- Founding
- 02/2001
- Data as of
- 06/2023
- EIN
- 31-1748533
Organization Overview
Sioux Falls Area Community Foundation Inc is located in Sioux Falls, SD. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, Sioux Falls Area Community Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Falls Area Community Foundation Inc 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 06/2023, Sioux Falls Area Community Foundation Inc generated $36.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $31.6m during the year ending 06/2023. While expenses have increased by 11.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sioux Falls Area Community Foundation Inc has awarded 1,949 individual grants totaling $162,298,391. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SIOUX FALLS AREA COMMUNITY (SFACF) PROVIDES TRUSTED LEADERSHIP THAT INSPIRES PHILANTHROPY.
Describe the Organization's Program Activity:
SIOUX FALLS AREA COMMUNITY FOUNDATION IS A PUBLICLY SUPPORTED COMMUNITY FOUNDATION THAT ATTRACTS, MANAGES, AND DISTRIBUTES CHARITABLE CAPITAL. ITS PRIMARY SERVICE AREA IS THE SIOUX FALLS MSA, A FOUR-COUNTY AREA WITH A POPULATION OF APPROXIMATELY 275,000, AND OTHER COMMUNITIES WITHIN A 25-MILE RADIUS OF THE CITY OF SIOUX FALLS, SOUTH DAKOTA.SFACF'S GRANTMAKING IS AIMED AT IMPROVING THE QUALITY OF LIFE IN THE SERVICE AREA, FOR GOOD, FOR EVER. IN FY 2023, NEARLY 3,500 GRANTS WERE MADE. STUDENTS BENEFITED FROM COMPETITIVELY AWARDED SCHOLARSHIPS AND COMPETITIVELY AWARDED GRANTS WERE MADE TO ORGANIZATIONS THAT SOUGHT TO ADDRESS THE AREA'S MOST PRESSING NEEDS AND OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Ernst Chair Of The Board | OfficerTrustee | 2 | $0 |
Suzanne Veenis Vice Chair | OfficerTrustee | 2 | $0 |
Matt Gassen Secretary | OfficerTrustee | 2 | $0 |
Aaron Severson Treasurer,chair Of Finance | OfficerTrustee | 2 | $0 |
Amange Aware Member | Trustee | 2 | $0 |
Stacy Erdmann Chair Of Audit | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $140,302 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,224,178 |
| Noncash contributions included in lines 1a–1f | $11,264,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,364,480 |
| Total Program Service Revenue | $0 |
| Investment income | $7,800,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,739,071 |
| Net Income from Fundraising Events | -$25,560 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,878,472 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,840,124 |
| Grants and other assistance to domestic individuals. | $516,200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $488,129 |
| Compensation of current officers, directors, key employees. | $102,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $508,931 |
| Pension plan accruals and contributions | $46,913 |
| Other employee benefits | $48,025 |
| Payroll taxes | $67,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,235 |
| Fees for services: Accounting | $30,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $61,909 |
| Office expenses | $132,493 |
| Information technology | $58,562 |
| Royalties | $0 |
| Occupancy | $20,580 |
| Travel | $5,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,414 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,969 |
| Insurance | $14,061 |
| All other expenses | $4,117 |
| Total functional expenses | $31,578,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,366,522 |
| Pledges and grants receivable | $1,025,219 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $16,534 |
| Net Land, buildings, and equipment | $1,343,843 |
| Investments—publicly traded securities | $211,459,017 |
| Investments—other securities | $4,004,704 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,907,761 |
| Total assets | $283,123,600 |
| Accounts payable and accrued expenses | $89,851 |
| Grants payable | $96,400 |
| 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 | $41,237,542 |
| Total liabilities | $41,423,793 |
| Net assets without donor restrictions | $228,933,876 |
| Net assets with donor restrictions | $12,765,931 |
| 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 | $283,123,600 |
Grants Awarded
Over the last fiscal year, Sioux Falls Area Community Foundation Inc has awarded $28,227,670 in support to 266 organizations.
| Grant Recipient | Amount |
|---|---|
TEACH FOR AMERICA PURPOSE: GENERAL SUPPORT - SD REGION | $70,812 |
INTERNATIONAL RESCUE COMMITTEE PURPOSE: UKRAINE RELIEF | $5,550 |
SAMARITAN'S FEET PURPOSE: GENERAL SUPPORT | $250,000 |
COLGATE ROCHESTER CROZER DIVINITY SCHOOL PURPOSE: SCHOLARSHIP SUPPORT | $7,266 |
TALLGRASS RECOVERY & SOBER LIVING HOMES PURPOSE: GENERAL SUPPORT | $13,500 |
HOPE HARBOR PURPOSE: GENERAL SUPPORT | $16,250 |