Sioux Steel Company Foundation
- Assets
- $1.8m
- Revenue
- $186.3k
- Investments
- $1.5m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 11/1958
- Data as of
- 08/2021
- 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 08/2021, Sioux Steel Company Foundation generated $186.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $283.4k during the year ending 08/2021. While expenses have increased by 14.1% per year over the past 6 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 213 individual grants totaling $996,460. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 |
|---|---|---|---|
Scott Rysdon Vice President | 0.5 | $0 | |
Phillip M Rysdon President | 16 | $0 | |
Steven Malsam-Rysdon Manager And Director | 0.5 | $0 | |
Joelle M Johnson Manager And Director | 0.5 | $0 | |
Jimmie Rysdon Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,398 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,400 |
| Net Rental Income | -$12,895 |
| Net Gain on Sale of Assets | $118,850 |
| Capital Gain Net Income | $118,850 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,761 |
| Total Revenue | $186,344 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $234 |
| Other expenses | $62,728 |
| Total operating and administrative expenses | $140,661 |
| Contributions, gifts, grants paid | $142,760 |
| Total expenses and disbursements | $283,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,735 |
| Savings and temporary cash investments | $18,040 |
| 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 | $1,780,223 |
| 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 $142,760 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
SIOUX FALLS YMCA PURPOSE: YOUTH CENTER BUILDING FUND AND YOUTH DEVELOPMENT - RANCH CAMP FUND AND STRONG KIDS PROGRAM | $22,500 |
Sioux Falls, SD PURPOSE: CHURCH BUILDING FUND | $15,000 |
Pierre, SD PURPOSE: SOCIAL SERVICES | $10,000 |
Sioux Falls, SD PURPOSE: COLLEGE SCHOLARSHIP FUND | $5,000 |
ST MARY'S FOUNDATION PURPOSE: COMMUNITY SERVICES | $5,000 |
Horace, ND PURPOSE: FARM DISASTER AID | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Dennis R Washington Foundation Inc Missoula, MT | $1,024,973,213 | $135,352,040 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Manitou Fund White Bear Lake, MN | $1,003,593,689 | $40,882,622 |
Lynne & Andrew Redleaf Foundation Minneapolis, MN | $127,717,345 | $981,960 |
Northwest Area Foundation St Paul, MN | $512,755,007 | $38,144,816 |
Medtronic Communities Foundation Minneapolis, MN | $54,271,830 | $230,239 |
General Mills Foundation Minneapolis, MN | $0 | -$304,053 |
J A Wedum Foundation Plymouth, MN | $141,295,178 | $28,441,684 |