Dakota Charitable Foundation Inc
- Assets
- $21.7m
- Revenue
- $1.9m
- Investments
- $2.8m
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 11/1992
- Data as of
- 12/2023
- EIN
- 46-0422869
Organization Overview
Dakota Charitable Foundation Inc is located in Rapid City, SD. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Charitable 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 12/2023, Dakota Charitable Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dakota Charitable Foundation Inc has awarded 267 individual grants totaling $45,661,460. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Hillenbrand Director | 5 | $24,000 | |
Heidi Hillenbrand Director | 5 | $24,000 | |
Gretchen Hillenbrand Director | 5 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $47,777 |
| Dividends & Interest | $398,112 |
| Net Rental Income | -$70,894 |
| Net Gain on Sale of Assets | $177,783 |
| Capital Gain Net Income | $177,783 |
| Net ST Capital Gain | $0 |
| Income Modifications | $600,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $655,245 |
| Total Revenue | $1,865,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $154,305 |
| Pension plans, employee benefits | $13,421 |
| Interest | $0 |
| Taxes | $128,113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $974,965 |
| Total operating and administrative expenses | $1,353,868 |
| Contributions, gifts, grants paid | $2,371,149 |
| Total expenses and disbursements | $3,725,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,069 |
| Savings and temporary cash investments | $170,501 |
| Net Accounts receivable | $15,195 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $18,541,360 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,608 |
| Total assets | $21,663,399 |
| Accounts payable and accrued expenses | $2,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,610 |
Grants Awarded
Over the last fiscal year, Dakota Charitable Foundation Inc has awarded $2,371,149 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AKICITA LAKOTA VETERANS PURPOSE: CHARITABLE | $87,856 |
BH AREA COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $765,000 |
BLACK HILLS POW WOW ASSOC PURPOSE: NATIVE AMERICAN | $20,000 |
BOYS AND GIRLS CLUB PURPOSE: CHARITABLE | $2,500 |
CATHOLIC SOCIAL SERVICES PURPOSE: COUNSELING FOR NEEDY | $60,000 |
CHEYENNE RIVER YOUTH PROJECT INC PURPOSE: CHARITABLE | $2,500 |