Great Plains Education Foundation Inc
- Assets
- $30.2m
- Revenue
- $5.2m
- Investments
- $326.8k
- Employees
- 0
- Location
- Aberdeen, SD
- Founding
- 05/1979
- Data as of
- 06/2021
- EIN
- 46-0350016
Organization Overview
Great Plains Education Foundation Inc is located in Aberdeen, SD. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great Plains Education 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 06/2021, Great Plains Education Foundation Inc generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $937.2k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Great Plains Education Foundation Inc has awarded 54 individual grants totaling $98,981,251. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PRIMARY EXEMPT PURPOSE IS TO BE OPERATED TO BENEFIT AND CARRY OUT THE PURPOSES OF THE STATE OF SOUTH DAKOTA THROUGH FINANCIAL AID AND OTHER ASSISTANCE TO STUDENTS AND TO PUBLICLY SUPPORTED SCHOOLS, COLLEGES, UNIVERSITIES AND OTHER EDUCATIONAL INSTITUTIONS LOCATED IN SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS GIVEN FOR VARIOUS SOUTH DAKOTA HIGHER EDUCATION INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey C Jewett IV President/secretary/treasurer | OfficerTrustee | 10 | $0 |
Jack Thompson Vice President | OfficerTrustee | 1 | $0 |
Mike Evans Director | Trustee | 1 | $0 |
Tim Kessler Director | Trustee | 1 | $0 |
Eldon Swingler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $713,379 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,696,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,206,082 |
| Statement of Expenses | |
|---|---|
| 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 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 | $35,208 |
| Fees for services: Accounting | $31,321 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $144,447 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $8,438 |
| All other expenses | $0 |
| Total functional expenses | $937,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,145,648 |
| 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 | $4,575,483 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,438 |
| Investments—publicly traded securities | $23,519,319 |
| Investments—other securities | $326,796 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $612,143 |
| Total assets | $30,187,827 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,448,847 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $6,798,218 |
| 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 | $9,247,065 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $20,940,762 |
Grants Awarded
Over the last fiscal year, Great Plains Education Foundation Inc has awarded $378,225 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH DAKOTA BOARD OF REGENTS PURPOSE: Educational Impact Campaign and SDSBVI | $174,418 |
ABERDEEN CATHOLIC SCHOOL SYSTEM PURPOSE: Educational Programming | $80,000 |
SPURS THERAPEUTIC RIDING PURPOSE: Scholarship Fund | $10,000 |
ABERDEEN SCHOOL DISTRICT PURPOSE: Tutoring Program | $73,807 |
ABERDEEN CHRISTIAN SCHOOL PURPOSE: Tuition Assistance Program | $40,000 |