Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $411,360

• 2a · Program service revenue: CHANGE IN BENEFICIAL I

  total $75,173 · related or exempt $75,173

• 2b · Program service revenue: PROGRAM SERVICE REVENU

  total $62,040 · related or exempt $62,040

• 3 · Investment income

  total $77,448 · excluded $77,448

• 7a · Gross sales of assets other than inventory

  securities $42,024

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

  securities $0

• 7c · Gain or loss

  securities $42,024

• 7d · Net gain or loss

  total $42,024 · excluded $42,024

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $176,700 · program services $176,700

• 2 · Grants to domestic individuals

  total $8,927 · program services $8,927

• 11c · Fees: accounting

  total $3,206 · management and general $3,206

• 11f · Fees: investment management

  total $4,520 · management and general $4,520

• 11g · Fees: other

  total $168,871 · program services $168,871

• 12 · Advertising and promotion

  total $11,893 · program services $11,893

• 13 · Office expenses

  total $21,994 · management and general $21,994

• 14 · Information technology

  total $924 · management and general $924

• 17 · Travel

  total $21,702 · program services $21,702

• 22 · Depreciation, depletion and amortization

  total $59,334 · program services $59,334

• 23 · Insurance

  total $2,365 · program services $2,365

• 24a · Other expenses: MEAL SUPPLIES

  total $86,807 · program services $86,807

• 24b · Other expenses: WELLNESS ACTIVITIES

  total $45,327 · program services $45,327

• 24c · Other expenses: EMPLOYEE RELATIONS

  total $10,352 · program services $10,352

• 24d · Other expenses: RENT/LEASE OFFICE EQUIP

  total $4,650 · program services $4,650

• 24e · All other expenses

  total $2,174 · program services $2,174

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $68,779 · end of year $58,230

• 4 · Accounts receivable

  beginning of year $21,907 · end of year $770

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,058 · end of year $3,058

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

  $2,943,983

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

  $2,172,644

• 10c · Land, buildings and equipment, net

  beginning of year $830,672 · end of year $771,339

• 12 · Investments: other securities

  beginning of year $3,440,923 · end of year $3,691,636

• 17 · Accounts payable and accrued expenses

  beginning of year $330 · end of year $703

• 27 · Net assets without donor restrictions

  beginning of year $2,150,336 · end of year $2,234,483

• 28 · Net assets with donor restrictions

  beginning of year $2,214,673 · end of year $2,289,847

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS DETERMINED BY A RELATED ORGANIZATION, UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE. COMPENSATION IS REVIEWED ANNUALLY AND IS BASED ON THE COMPENSATION SCHEDULES FOR STATE OF SOUTH DAKOTA EMPLOYEES.