Sturgis Rally Charities Foundation
- Assets
- $80.1k
- Revenue
- $87.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sturgis, SD
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 46-0438923
Organization Overview
Sturgis Rally Charities Foundation is located in Sturgis, SD. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sturgis Rally Charities 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 12/2022, Sturgis Rally Charities Foundation generated $87.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $92.4k during the year ending 12/2022. While expenses have increased by 1.1% 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 2014, Sturgis Rally Charities Foundation has awarded 246 individual grants totaling $570,622. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
23 CHARITABLE ORGANIZATIONS RECEIVED FUNDS FOR THE BETTERMENT OF OUR COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Sabers Treasurer | 0 | $0 | |
Barry Furze Vice President | 0 | $0 | |
Heidi Kruse Director | 0 | $0 | |
Aaron Jordan Director | 0 | $0 | |
Tessa Gunderson Director | 0 | $0 | |
Mary Ann Stroschein Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $87,650 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $87,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $341 |
| Contributions, gifts, grants paid | $92,047 |
| Total expenses and disbursements | $92,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,113 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5 |
| Total assets | $80,118 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Sturgis Rally Charities Foundation has awarded $92,047 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
BH AREA HABITAT FOR HUMANITY PURPOSE: GENERAL BUDGET | $2,500 |
AMERICAN LEGION PURPOSE: GENERAL BUDGET | $3,077 |
CHURCHES CARE FOR WHITEWOOD PURPOSE: GENERAL BUDGET | $1,500 |
OLD FT MEADE MUSEUM PURPOSE: GENERAL BUDGET | $1,000 |
CRISIS INTERVENTION PURPOSE: GENERAL BUDGET | $19,500 |
FRONT PORCH COALITION PURPOSE: GENERAL BUDGET | $3,000 |