Valley Queen Charitable Foundation
- Assets
- $2.0m
- Revenue
- $466.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Milbank, SD
- Founding
- 04/2018
- Data as of
- 12/2023
- EIN
- 82-2581817
Organization Overview
Valley Queen Charitable Foundation is located in Milbank, SD. The organization was established in 2018. 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. Valley Queen Charitable 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, Valley Queen Charitable Foundation generated $466.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $789.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Valley Queen Charitable Foundation has awarded 437 individual grants totaling $5,559,125. 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 |
|---|---|---|---|
Doug Wilke President | 1 | $0 | |
Kenneth Karels Vice President | 1 | $0 | |
Mike Misterek Secretary/treasurer | 1 | $0 | |
Trudi Robel Director | 1 | $0 | |
Kristin Tanner Director | 1 | $0 | |
Bryan Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $381,095 |
| Interest on Savings | $0 |
| Dividends & Interest | $69,777 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,936 |
| Capital Gain Net Income | $15,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $466,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $782 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,498 |
| Total operating and administrative expenses | $28,121 |
| Contributions, gifts, grants paid | $761,102 |
| Total expenses and disbursements | $789,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,334 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $3,250 |
| 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 | $1,786,087 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,007,671 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $419,843 |
| 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 | $419,843 |
Grants Awarded
Over the last fiscal year, Valley Queen Charitable Foundation has awarded $1,200,732 in support to 72 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION AUXILIARY FOUNDATION PURPOSE: DONATION | $250 |
AMERICAN LUTHERAN PURPOSE: DONATION | $1,500 |
AVERA AT HOME PURPOSE: DONATION | $250 |
AMERICA'S MIGHTY WARRIORS PURPOSE: DONATION | $321 |
BACKYARD BULLDOGS CHILD CARE PURPOSE: DONATION | $6,000 |
BEACON CENTER PURPOSE: DONATION | $1,800 |