Sequel Inc
- Assets
- $1.1m
- Revenue
- $102.7k
- Investments
- $978.5k
- Employees
- 4
- Location
- Rapid City, SD
- Founding
- Data as of
- 12/2023
- EIN
- 85-4297434
Organization Overview
Sequel Inc is located in Rapid City, SD. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Sequel Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sequel 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, Sequel Inc generated $102.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (56.0%) each year. All expenses for the organization totaled $216.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING ELDERS IN THEIR NEXT CHAPTER OF LIFE THROUGH SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS VISION IS TO ESTABLISH SEQUEL AS THE PREMIER RESOURCE FOR ELDERLY PEOPLE IN OUR REGION. IN ORDER TO IMPLEMENT THIS VISION, WE PUT THE FOLLOWING OPERATIONAL PLANS IN PLACE THIS PAST YEAR: EMPLOYEE HANDBOOK WAS DEVELOPED; RESEARCHED AND APPLIED FOR QUALIFYING GRANTS; INCREASED PUBLIC AWARENESS AND DEVELOPED STRATEGIC PARTNERSHIPS; DEVELOPED FRAMEWORK FOR HIRING OF EXECUTIVE DIRECTOR AND PROGRAM MANAGER; WROTE JOB DESCRIPTIONS, RESEARCHED, AND IMPLEMENTED EMPLOYEE BENEFIT PACKAGE INCLUDING RETIREMENT, HEALTH, DENTAL AND VISION; AND, HIRED AN EXECUTIVE DIRECTOR AND PROGRAM MANAGER. WE CONTINUE THE FOLLOWING PROGRAMS 1) CAREGIVER SUPPORT - WE CONTINUE TO PARTICIPATE IN CURRENT CAREGIVER SUPPORT NETWORKS AND RESEARCH OPPORTUNITIES FOR EXPANSION WITHIN THOSE NETWORKS. 2) ELDER ANGEL FUND - WE DEVELOPED AN APPLICATION PROCESS FOR AT RISK SENIORS TO ACCESS A SPECIFIED GRANT AMOUNT FOR A SPECIFIC NEED. WE BELIEVE THAT SENIORS SHOULD NOT HAVE TO CHOOSE BETWEEN FOOD AND MEDICATION OR FOOD AND DRESSING SUPPLIES. SADLY, THAT IS A SCENARIO THAT PLAYS OUT ALL TOO FREQUENTLY IN OUR COMMUNITY. WE SET UP A FUND SO COMMUNITY MEMBERS CAN HELP BRIDGE THE FINANCIAL GAP FOR VULNERABLE SENIORS. 3) ANGEL TREE - WE PARTNERED WITH BLACK HILLS ADVOCATE ON THE COLLECTION AND DISTRIBUTION OF THE ANGEL TREE CHRISTMAS GIFTS. OVER 1,500 ITEMS WERE RECEIVED FROM DONORS ENABLING US TO DELIVER OVER 400 GIFTS TO SOME OF THE ISOLATED SENIORS IN OUR COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenny Schmidt Chief Dev Of | OfficerTrustee | 20 | $72,600 |
Kerry Lassaux Executive Di | Officer | 40 | $70,274 |
Renee Sales President | OfficerTrustee | 2 | $0 |
Kathy Miller Sec/treasure | OfficerTrustee | 4 | $0 |
Kelli Back Director | Trustee | 1 | $0 |
Jana Smoot White Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,561 |
| Total Program Service Revenue | $0 |
| Investment income | $28,402 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $63,697 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $102,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,894 |
| Compensation of current officers, directors, key employees. | $43,168 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $279 |
| Payroll taxes | $11,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,962 |
| Fees for services: Accounting | $1,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,630 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,359 |
| Information technology | $8,084 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,375 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,302 |
| Total functional expenses | $216,765 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,062 |
| Savings and temporary cash investments | $65,629 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14 |
| Investments—other securities | $978,533 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,238 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,069,238 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,069,238 |