South Dakota Community Foundation
- Assets
- $886.1m
- Revenue
- $69.2m
- Investments
- $0.0
- Employees
- 18
- Location
- Pierre, SD
- Founding
- 03/1988
- Data as of
- 12/2023
- EIN
- 46-0398115
Organization Overview
South Dakota Community Foundation is located in Pierre, SD. The organization was established in 1988. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, South Dakota Community Foundation employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Community 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 12/2023, South Dakota Community Foundation generated $69.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $34.9m during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 9 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 2014, South Dakota Community Foundation has awarded 2,262 individual grants totaling $144,808,007. 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
RECEIVE AND ADMINISTER CHARITABLE GIFTS AND PERMANENT ENDOWMENTS PRIMARILY FOR THE BENEFIT OF SOUTH DAKOTANS. WORK WITH DONORS, CHARITIES, AND COMMUNITY LEADERS TO STRENGTHEN PHILANTHROPY IN SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTH DAKOTA COMMUNITY FOUNDATION IS THE ONLY COMMUNITY FOUNDATION IN SOUTH DAKOTA WITH A STATEWIDE FOCUS. ESTABLISHED AS A PUBLIC NONPROFIT IN 1987 UNDER THE VISION OF GOVERNOR MICKELSON, THE FOUNDATION PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS ACROSS THE STATE IN SUPPORT OF CHARITABLE, ECONOMIC DEVELOPMENT, HUMAN SERVICES, HEALTH, EDUCATION, AND CULTURAL PROGRAMS.
COMMUNITY SAVINGS ACCOUNTS-WORK WITH OVER 75 COMMUNITIES ACROSS THE STATE, RANGING IN POPULATION FROM 200 TO OVER 30,000, TO CREATE PERPETUAL FUNDING STREAMS TO ASSIST WITH LOCAL CHARITABLE CAUSES. GRANTS WERE AWARDED TO SUPPORT CHARITABLE CAUSES THAT ENABLE THE FOUNDATION TO DIRECTLY IMPACT NECESSARY CHANGE AS RECOMMENDED BY LOCAL LEADERS.
SCHOLARSHIP PROGRAM-MAINTAINS OVER 300 SCHOLARSHIP FUNDS FOR THE BENEFIT OF HIGH SCHOOL GRADUATES ACROSS THE STATE. THE FOUNDATION WORKS WITH DONORS TO IMPROVE ACCESS FOR SOUTH DAKOTA'S YOUTH TO OBTAIN HIGHER EDUCATION. THE FOUNDATION AWARDED OVER 700 SCHOLARSHIPS TO ASSIST STUDENTS WITH HIGHER EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Judson President | Officer | 55 | $366,601 |
Clayton Cudmore Chief Financial & Administrative Officer | Officer | 55 | $234,450 |
Name Not Listed Director Of Development | 55 | $148,649 | |
Ginger Niemann Senior Program Officer | 55 | $112,161 | |
Beth Massa Director Of Foundation Relations | 55 | $112,697 | |
Doug Sharp Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Denise Martin Build Dakota Services | 12/30/23 | $115,000 |
Lawrence & Schiller Marketing Services | 12/30/23 | $195,670 |
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 | $41,745,748 |
| Noncash contributions included in lines 1a–1f | $1,976,779 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,745,748 |
| Total Program Service Revenue | $0 |
| Investment income | $27,498,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,242,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,389,075 |
| 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. | $609,783 |
| Compensation of current officers, directors, key employees. | $300,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,335,737 |
| Pension plan accruals and contributions | $273,420 |
| Other employee benefits | $323,774 |
| Payroll taxes | $127,995 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,868 |
| Fees for services: Accounting | $30,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,539 |
| Advertising and promotion | $99,671 |
| Office expenses | $56,101 |
| Information technology | $69,975 |
| Royalties | $0 |
| Occupancy | $41,127 |
| Travel | $57,766 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,504 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $158,922 |
| Insurance | $64,477 |
| All other expenses | $7,559 |
| Total functional expenses | $34,855,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $13,373,045 |
| Pledges and grants receivable | $23,625,000 |
| 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 | $21,479 |
| Net Land, buildings, and equipment | $3,252,112 |
| Investments—publicly traded securities | $807,480,354 |
| Investments—other securities | $0 |
| Investments—program-related | $1,040,397 |
| Intangible assets | $0 |
| Other assets | $37,334,583 |
| Total assets | $886,126,970 |
| Accounts payable and accrued expenses | $391,561 |
| Grants payable | $150,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $66,283,411 |
| 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 | $623,808 |
| Total liabilities | $67,448,780 |
| Net assets without donor restrictions | $794,624,605 |
| Net assets with donor restrictions | $24,053,585 |
| 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 | $886,126,970 |
Grants Awarded
Over the last fiscal year, South Dakota Community Foundation has awarded $29,895,786 in support to 353 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF MARY PURPOSE: Education | $5,015 |
JAMES VALLEY CHRISTIAN SCHOOL PURPOSE: Community welfare and betterment | $5,038 |
GREGORY COUNTY HISTORICAL SOCIETY PURPOSE: Community welfare and betterment | $5,101 |
PROSPECT HILL CEMETERY ASSOCIATION PURPOSE: Community welfare and betterment | $5,135 |
BETHANY CEMETERY ASSOCIATION PURPOSE: Community welfare and betterment | $5,190 |
CASPER COLLEGE PURPOSE: Community welfare and betterment | $5,250 |