Sioux Steel Company Foundation
- Assets
- $1.7m
- Revenue
- $130.0k
- Investments
- $1.4m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 11/1958
- Data as of
- 08/2022
- EIN
- 46-6012618
Organization Overview
Sioux Steel Company Foundation is located in Sioux Falls, SD. The organization was established in 1958. 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. Sioux Steel Company 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 08/2022, Sioux Steel Company Foundation generated $130.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $200.1k during the year ending 08/2022. While expenses have increased by 6.5% 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 2015, Sioux Steel Company Foundation has awarded 216 individual grants totaling $955,710. 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
THE FOUNDATION MAINTAINS A FURNISHED COTTAGE THAT IS AVAILABLE FOR ORGANIZATIONS TO RENT IN CONJUNCTION WITH THEIR ACTIVITIES. THE FOUNDATION RECEIVES RENTAL INCOME WITH RESPECT TO THIS ACTIVITY. THE RENTS ARE USED TO COVER REPAIRS AND MAINTENANCE COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip M Rysdon President | 16 | $0 | |
Jimmie Rysdon Secretary | 0.5 | $0 | |
Scott Rysdon Vice President | 0.5 | $0 | |
Steven Malsam-Rysdon Manager/director | 0.5 | $0 | |
Joelle M Johnson Manager/director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $48,594 |
| Net Rental Income | -$21,826 |
| Net Gain on Sale of Assets | $70,253 |
| Capital Gain Net Income | $70,253 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,242 |
| Total Revenue | $130,039 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,017 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,397 |
| Total operating and administrative expenses | $80,634 |
| Contributions, gifts, grants paid | $119,450 |
| Total expenses and disbursements | $200,084 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,692 |
| Savings and temporary cash investments | $33,611 |
| 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 | $246,353 |
| Other assets | $13,715 |
| Total assets | $1,709,259 |
| 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, Sioux Steel Company Foundation has awarded $119,450 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: TO SUPPORT KATHY CARMEN'S CORKY'S CREW | $5,000 |
AVERA MCKENNAN FOUNDATION PURPOSE: BEHAVIOR HEATH FUND | $15,000 |
BANQUET OF SIOUX FALLS PURPOSE: LOW INCOME FOOD SUPPORT | $5,000 |
BOYS & GIRLS CLUBS OF THE SE PURPOSE: SOCIAL WELFARE | $1,500 |
BOYS AND GIRLS CLUB - PIERRE PURPOSE: SOCIAL WELFARE | $3,000 |
CAPITAL AREA COUNSELING PURPOSE: SOCIAL WELFARE | $3,500 |