West River Foundation

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 06/2022, 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 06/2022, West River Foundation generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $3.7m during the year ending 06/2022. While expenses have increased by 10.8% per year over the past 7 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 38 individual grants totaling $1,095,763. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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)Compensation
Ronald Rosenboom
Executive Director
$47,990
Donald Andersen
President
$4,000
Shirley Halverson
Treasurer
$4,000
William Termes
Secretary
$4,000
Tim Crawford
Vice President
$4,000
James Doolittle
Director
$4,000

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,278,092
All other contributions, gifts, grants, and similar amounts not included above$249,131
Noncash contributions included in lines 1a–1f $122,130
Total Revenue from Contributions, Gifts, Grants & Similar$1,527,223
Total Program Service Revenue$1,501,192
Investment income $137,175
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $673,698
Net Gain/Loss on Asset Sales $18,714
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,921,124

Grants Awarded

Over the last fiscal year, West River Foundation has awarded $119,375 in support to 2 organizations.

Grant RecipientAmount

BLACK HILLS SPECIAL SERVICES COOP

PURPOSE: EDUCATION SUPPORT

$109,375

BLACK HILLS COUNCIL OF LOCAL GOVERNMENTS

PURPOSE: COMMUNITY SUPPORT

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that West River Foundation has recieved totaling $20,000.

Awarding OrganizationAmount
South Dakota Community Foundation

Pierre, SD

PURPOSE: Community welfare and betterment

$20,000
View Grant Recipient Profile

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