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Nonprofiteer
← SOUTH DAKOTA COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by SOUTH DAKOTA COMMUNITY FOUNDATION.

Totals

Total revenue
$60,086,934
Total expenses
$45,227,892
Contributions and grants received
$29,068,017
Grants paid
$41,399,797
Program service revenue
$0
Investment income
$30,988,804
Other revenue
$30,113
Total assets, end of year
$939,178,015
Total liabilities, end of year
$71,322,416
Net assets or fund balances, end of year
$867,855,599
Program services expenses (Part IX)
$42,514,571
Management and general expenses
$1,322,876
Fundraising expenses
$1,390,445
Program service expenses (Part III)
$42,514,571

Program services were 94.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $29,068,017

  • 1g · Noncash contributions included above

    $5,542,147

  • 3 · Investment income

    total $30,988,804 · related or exempt $0 · unrelated business $0 · excluded $30,988,804

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $716,920 · personal property $0

  • 6b · Less rental expenses

    real property $716,920 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $136,000

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $136,000

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $30,113 · related or exempt $0 · unrelated business $0 · excluded $30,113

  • 11e · Other revenue, total

    $30,113

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,399,797 · program services $41,399,797

  • 5 · Compensation of officers, directors and key employees

    total $688,090 · program services $75,168 · management and general $341,481 · fundraising $271,441

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,458,002 · program services $536,000 · management and general $441,113 · fundraising $480,889

  • 8 · Pension plan contributions

    total $297,936 · program services $84,847 · management and general $108,645 · fundraising $104,444

  • 9 · Other employee benefits

    total $336,213 · program services $102,249 · management and general $131,029 · fundraising $102,935

  • 10 · Payroll taxes

    total $137,187 · program services $39,068 · management and general $50,027 · fundraising $48,092

  • 11b · Fees: legal

    total $4,558 · program services $1,308 · management and general $1,675 · fundraising $1,575

  • 11c · Fees: accounting

    total $33,832 · program services $9,710 · management and general $12,435 · fundraising $11,687

  • 11g · Fees: other

    total $104,251 · program services $64,704 · management and general $20,387 · fundraising $19,160

  • 12 · Advertising and promotion

    total $140,210 · program services $40,242 · management and general $1,821 · fundraising $98,147

  • 13 · Office expenses

    total $97,528 · program services $27,991 · management and general $35,846 · fundraising $33,691

  • 14 · Information technology

    total $115,582 · program services $33,173 · management and general $42,482 · fundraising $39,927

  • 16 · Occupancy

    total $57,189 · program services $16,414 · management and general $21,020 · fundraising $19,755

  • 17 · Travel

    total $93,653 · program services $21,540 · management and general $5,619 · fundraising $66,494

  • 19 · Conferences, conventions and meetings

    total $33,064 · program services $0 · management and general $33,064 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $140,652 · program services $38,600 · management and general $45,240 · fundraising $56,812

  • 23 · Insurance

    total $54,443 · program services $15,626 · management and general $20,010 · fundraising $18,807

  • 24a · Other expenses: Printing

    total $27,360 · program services $7,853 · management and general $10,056 · fundraising $9,451

  • 24e · All other expenses

    total $8,345 · program services $281 · management and general $926 · fundraising $7,138

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,373,045 · end of year $4,464,480

  • 3 · Pledges and grants receivable

    beginning of year $23,625,000 · end of year $24,225,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,479 · end of year $21,788

  • 10a · Land, buildings and equipment: cost or other basis

    $4,092,064

  • 10b · Land, buildings and equipment: accumulated depreciation

    $913,372

  • 10c · Land, buildings and equipment, net

    beginning of year $3,252,112 · end of year $3,178,692

  • 11 · Investments: publicly traded securities

    beginning of year $807,480,354 · end of year $868,481,795

  • 13 · Investments: program-related

    beginning of year $1,040,397 · end of year $1,440,397

  • 15 · Other assets

    beginning of year $37,334,583 · end of year $37,365,863

  • 17 · Accounts payable and accrued expenses

    beginning of year $391,561 · end of year $415,865

  • 18 · Grants payable

    beginning of year $150,000

  • 21 · Escrow or custodial account liability

    beginning of year $66,283,411 · end of year $70,282,690

  • 25 · Other liabilities

    beginning of year $623,808 · end of year $623,861

  • 27 · Net assets without donor restrictions

    beginning of year $794,624,605 · end of year $843,104,078

  • 28 · Net assets with donor restrictions

    beginning of year $24,053,585 · end of year $24,751,521

Mission and programs · 2024

Mission

SEE PART 1, LINE 1.

Activities or mission (Part I)

RECEIVE AND ADMINISTER CHARITABLE GIFTS AND PERMANENT ENDOWMENTS PRIMARILY FOR THE BENEFIT OF SOUTH DAKOTANS. WORK WITH DONORS, CHARITIES, AND COMMUNITY LEADERS TO STRENGTHEN PHILANTHROPY IN SOUTH DAKOTA.

  • THE SOUTH DAKOTA COMMUNITY FOUNDATION IS THE ONLY COMMUNITY FOUNDATION IN SOUTH DAKOTA WITH A STATEWIDE FOCUS. ESTABLISHED AS A PUBLIC NONPROFIT IN 1987 UNDER THE VISION OF GOVERNOR MICKELSON, THE FOUNDATION PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS ACROSS THE STATE IN SUPPORT OF CHARITABLE, ECONOMIC DEVELOPMENT, HUMAN SERVICES, HEALTH, EDUCATION, AND CULTURAL PROGRAMS.

    Expenses $38,929,738 · Grants $37,814,964

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $2,431,885 · Grants $2,431,885

  • SCHOLARSHIP PROGRAM-MAINTAINS OVER 350 SCHOLARSHIP FUNDS FOR THE BENEFIT OF HIGH SCHOOL GRADUATES ACROSS THE STATE. THE FOUNDATION WORKS WITH DONORS TO IMPROVE ACCESS FOR SOUTH DAKOTA'S YOUTH TO OBTAIN HIGHER EDUCATION. THE FOUNDATION AWARDED OVER 1,000 SCHOLARSHIPS TO ASSIST STUDENTS WITH HIGHER EDUCATION.

    Expenses $1,152,948 · Grants $1,152,948

As filed on the 2024 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Stephanie Judson

    President

    Total calculated
    $509,618
    From this org
    $417,601
    From related orgs
    $0
    Other
    $92,017
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $380,000
    Bonus
    $45,000
    Other
    $1,540
    Deferred
    $51,750
    Nontaxable benefits
    $34,718
    Filer's total
    $513,008

  • Clayton Cudmore

    Chief Financial & Administrative Officer

    Total calculated
    $336,285
    From this org
    $270,489
    From related orgs
    $0
    Other
    $65,796
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $35,000
    Other
    $0
    Deferred
    $41,250
    Nontaxable benefits
    $20,035
    Filer's total
    $336,285

  • Jeff Veltkamp

    Director of Development

    Total calculated
    $213,639
    From this org
    $165,568
    From related orgs
    $0
    Other
    $48,071
    Hours/week
    55

  • Ginger Niemann

    Senior Program Officer

    Total calculated
    $180,013
    From this org
    $124,838
    From related orgs
    $0
    Other
    $55,175
    Hours/week
    55

  • Beth Massa

    Director of Foundation Relations

    Total calculated
    $162,565
    From this org
    $126,045
    From related orgs
    $0
    Other
    $36,520
    Hours/week
    55

  • Elli Haerter

    Scholarship Coordinator

    Total calculated
    $153,121
    From this org
    $104,201
    From related orgs
    $0
    Other
    $48,920
    Hours/week
    55

  • Cassie Stoeser

    Controller

    Total calculated
    $152,432
    From this org
    $107,630
    From related orgs
    $0
    Other
    $44,802
    Hours/week
    55

  • Scott Jones

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Dennis Daugaard

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Karl Adam

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Buche

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marci Christensen-Burdick

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dennis Batteen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matt Cronin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Erickson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carla Gatzke

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Grossenburg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Hoyt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Mickelson

    Director

    Total calculated
    $0
    Hours/week
    1

  • DeMaris Nesheim

    Director

    Total calculated
    $0
    Hours/week
    1

  • Casey Peterson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donald Roby

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shawn Rost

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Sands

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hani Shafai

    Director

    Total calculated
    $0
    Hours/week
    1

  • Doug Sharp

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bob Sutton

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LAND GIFTS LLC

    Own, sell, manage, lease, etc real estate for the benefit of SDCF · SD · income $165,000 · assets $37,332,694

    Directly controlled by South Dakota Community Foundation (SDCF)

Provenance

Return type
form_990
Tax year
2024
Filed
26 September 2025
IRS schema version
2024v5.0
Source object
202532939349300523

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