Totals
- Total revenue
- $208,053
- Total expenses
- $790,265
- Contributions and grants received
- $218,578
- Grants paid
- $651,175
- Program service revenue
- $10,505
- Investment income
- -$21,030
- Other revenue
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $665,983
- Management and general expenses
- $74,418
- Fundraising expenses
- $49,864
- Program service expenses (Part III)
- $665,983
Program services were 84.3% 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.
-
1f · All other contributions, gifts and grants
$218,578
-
2a · Program service revenue: Other revenue
total $10,505 · related or exempt $10,505
-
3 · Investment income
total $25,283 · excluded $25,283
-
7a · Gross sales of assets other than inventory
securities $480,638
-
7b · Less cost or other basis and sales expenses
securities $526,951
-
7c · Gain or loss
securities -$46,313
-
7d · Net gain or loss
total -$46,313 · excluded -$46,313
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $624,425 · program services $624,425
-
2 · Grants to domestic individuals
total $26,750 · program services $26,750
-
5 · Compensation of officers, directors and key employees
total $78,125 · program services $7,813 · management and general $31,249 · fundraising $39,063
-
10 · Payroll taxes
total $5,196 · program services $520 · management and general $2,078 · fundraising $2,598
-
11f · Fees: investment management
total $3,210 · management and general $3,210
-
11g · Fees: other
total $29,584 · management and general $29,584
-
12 · Advertising and promotion
total $411 · program services $119 · management and general $292
-
13 · Office expenses
total $3,124 · program services $197 · management and general $2,927
-
16 · Occupancy
total $615 · program services $123 · management and general $492
-
17 · Travel
total $165 · management and general $165
-
22 · Depreciation, depletion and amortization
total $150 · program services $30 · management and general $120
-
23 · Insurance
total $1,294 · management and general $1,294
-
24a · Other expenses: Combined Appeal
total $8,203 · fundraising $8,203
-
24e · All other expenses
total $9,013 · program services $6,006 · management and general $3,007
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $452,570 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $11,388 · end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$0
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $1,231 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $970,376 · end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $88,020 · end of year $0
-
18 · Grants payable
beginning of year $103,541 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $543,134 · end of year $0
-
28 · Net assets with donor restrictions
beginning of year $700,870 · end of year $0
Mission and programs · 2022
Mission
The mission of the Milbank Community Foundation is to provide the opportunity for philanthropic investment in our community; demonstrate leadership in the areas of education, social & economic development; & promote the quality of life to the residents of the Milbank area.
Activities or mission (Part I)
Charitable and benevolent purposes for the benefit of the residents of Milbank, South Dakota.
-
Various programs and scholarships are provided for the benefit of residents of the Grant County, South Dakota area. The purpose of the foundation is to broaden the opportunities for social, cultural, educational and recreational development for all residents of the Grant County area. The Foundation is committed to contributing to the community in ways that will enhance the social and economic well-being of everyone.
Expenses $665,983 · Grants $651,175 · Revenue $10,505
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mark Leddy
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Mark Bierschbach
Vice President
- Total calculated
- $0
- Hours/week
- 0.2
-
Greg Thomas
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 0.2
-
Jeff Jones
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Tana Mundwiler
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Doug Stengel
Director
- Total calculated
- $0
- Hours/week
- 0.2
-
Craig Wellnitz
Finance Director
- Total calculated
- $62,845
- From this org
- $60,676
- From related orgs
- $0
- Other
- $2,169
- Hours/week
- 45
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.
Grants on this return
-
Health/Human Service
-
City of Milbank
$27,100
Health/Human Service and Youth Development; Unity Square improvements
-
Milbank Ball Diamond Association
$11,000
Youth Development
-
$8,000
Health/Human Service
-
$8,000
Youth Development
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
-
Liquidation · Investments · Dec 31, 2022 · 501(c)(3)
-
Liquidation · Cash, net of payables · Dec 31, 2022 · 501(c)(3)
-
Liquidation · Equipment · Dec 31, 2022 · 501(c)(3)
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303189349302375
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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