West River Foundation
- Assets
- $7.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Sturgis, SD
- Founding
- 05/1985
- Data as of
- 06/2023
- EIN
- 36-3354458
Organization Overview
West River Foundation is located in Sturgis, SD. The organization was established in 1985. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, West River Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West River 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 06/2023, West River Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $4.1m during the year ending 06/2023. While expenses have increased by 10.7% 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 2016, West River Foundation has awarded 32 individual grants totaling $829,404. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACT AS A VEHICLE TO IMPROVE EDUCATIONAL, ORGANIZATIONAL, AND ECONOMIC RESOURCES FOR SCHOOLS AND COMMUNITIES IN SOUTH DAKOTA. THE FOUNDATION IS COMMITTED TO ADVANCING PUBLIC EDUCATION, HOUSING OPPORTUNITIES, COMMUNITY SERVICES, AND ECONOMIC EXPANSION THROUGH SOFTWARE/HARDWARE SALES, CONTRACTED SERVICES, GRANT PROGRAMS, HOUSING DEVELOPMENT, AND THE LEASING OF PROPERTY AND EQUIPMENT FOR THE BENEFIT OF ANY PUBLIC OR NON-PROFIT EDUCATION OR COMMUNITY ORGANIZATION IN SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADMINISTRATIVE SERVICES TO ORGANIZATIONS THAT PROMOTE EDUCATION AND COMMUNITY. ADMINISTER SEVERAL EDUCATIONAL PROGRAMS AND ESTABLISH A SMALL BUSINESS RESOURCE CENTER TO PROVIDE EDUCATION AND ASSISTANCE TO SMALL BUSINESSES.
TO PROVIDE SPACE AND GROUP HOMES FOR EDUCATIONAL FACILITIES AND PERSONS WITH SPECIAL NEEDS.
TECHNOLOGY SALES FOR EDUCATIONAL INSTITUTIONS AND PERSONS WITH SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Andersen President | OfficerTrustee | 2 | $4,000 |
Tim Crawford Vice President | OfficerTrustee | 2 | $4,000 |
Shirley Halverson Treasurer | OfficerTrustee | 2 | $4,000 |
William Termes Secretary | OfficerTrustee | 2 | $4,000 |
James Doolittle Director | Trustee | 2 | $4,000 |
Ronald Rosenboom Executive Director | Officer | 20 | $50,990 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,000 |
| Government grants | $1,635,488 |
| All other contributions, gifts, grants, and similar amounts not included above | $77,526 |
| Noncash contributions included in lines 1a–1f | $35,723 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,728,014 |
| Total Program Service Revenue | $1,745,588 |
| Investment income | $120,068 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $678,840 |
| Net Gain/Loss on Asset Sales | $16,839 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,290,918 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,542 |
| Grants and other assistance to domestic individuals. | $69,844 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,084 |
| Compensation of current officers, directors, key employees. | $25,387 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,246 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,155 |
| Payroll taxes | $13,012 |
| Fees for services: Management | $45,515 |
| Fees for services: Legal | $10,224 |
| Fees for services: Accounting | $34,962 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,156 |
| Fees for services: Other | $2,348,888 |
| Advertising and promotion | $13,395 |
| Office expenses | $51,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,657 |
| Travel | $8,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,123 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,411 |
| Insurance | $68,989 |
| All other expenses | $943 |
| Total functional expenses | $4,082,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $935,450 |
| Savings and temporary cash investments | $1,347,163 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $511,087 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,289 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,007,915 |
| Investments—publicly traded securities | $3,013,981 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,847,885 |
| Accounts payable and accrued expenses | $289,927 |
| 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 | $878,279 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,168,206 |
| Net assets without donor restrictions | $6,679,679 |
| Net assets with donor restrictions | $0 |
| 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 | $7,847,885 |
Grants Awarded
Over the last fiscal year, West River Foundation has awarded $62,185 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BLACK HILLS SPECIAL SERVICES COOP PURPOSE: EDUCATION SUPPORT | $17,145 |
FEEDING SOUTH DAKOTA PURPOSE: COMMUNITY SUPPORT | $5,040 |
SOUTH DAKOTA PARKS AND WILDLIFE FOUNDATION PURPOSE: CAPITAL IMPROVEMENTS | $30,000 |
BLACK HILLS COUNCIL OF LOCAL GOVERNMENTS PURPOSE: COMMUNITY SUPPORT | $10,000 |