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Nonprofiteer
← SOUTH DAKOTA COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by SOUTH DAKOTA COMMUNITY FOUNDATION.

Totals

Total revenue
$102,741,823
Total expenses
$32,988,813
Contributions and grants received
$85,622,687
Grants paid
$29,785,481
Program service revenue
$0
Investment income
$17,109,576
Other revenue
$9,560
Total assets, end of year
$791,751,697
Total liabilities, end of year
$61,352,866
Net assets or fund balances, end of year
$730,398,831
Program services expenses (Part IX)
$30,593,161
Management and general expenses
$1,256,950
Fundraising expenses
$1,138,702
Program service expenses (Part III)
$30,593,161

Program services were 92.7% 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

    $85,622,687

  • 1g · Noncash contributions included above

    $2,086,189

  • 3 · Investment income

    total $17,109,576 · related or exempt $0 · unrelated business $0 · excluded $17,109,576

  • 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $88,646,770 · other assets $1,255,000

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

    securities $88,646,770 · other assets $1,255,000

  • 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 $9,560 · related or exempt $0 · unrelated business $0 · excluded $9,560

  • 11e · Other revenue, total

    $9,560

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $29,785,481 · program services $29,785,481

  • 5 · Compensation of officers, directors and key employees

    total $521,875 · program services $55,542 · management and general $265,763 · fundraising $200,570

  • 7 · Other salaries and wages

    total $1,281,939 · program services $414,726 · management and general $427,414 · fundraising $439,799

  • 8 · Pension plan contributions

    total $249,694 · program services $63,338 · management and general $92,068 · fundraising $94,288

  • 9 · Other employee benefits

    total $293,292 · program services $86,089 · management and general $136,111 · fundraising $71,092

  • 10 · Payroll taxes

    total $124,879 · program services $34,099 · management and general $47,965 · fundraising $42,815

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $15,763 · management and general $7,878 · fundraising $7,885

  • 11c · Fees: accounting

    total $27,804 · management and general $27,804

  • 11g · Fees: other

    total $50,672 · management and general $32,170 · fundraising $18,502

  • 12 · Advertising and promotion

    total $101,886 · program services $29,840 · management and general $2,420 · fundraising $69,626

  • 13 · Office expenses

    total $46,311 · program services $12,250 · management and general $18,162 · fundraising $15,899

  • 14 · Information technology

    total $47,036 · program services $12,442 · management and general $18,446 · fundraising $16,148

  • 16 · Occupancy

    total $54,667 · program services $14,460 · management and general $21,439 · fundraising $18,768

  • 17 · Travel

    total $46,624 · program services $11,656 · management and general $2,331 · fundraising $32,637

  • 19 · Conferences, conventions and meetings

    total $56,476 · management and general $56,476

  • 22 · Depreciation, depletion and amortization

    total $150,000 · program services $39,228 · management and general $48,239 · fundraising $62,533

  • 23 · Insurance

    total $58,450 · program services $15,461 · management and general $22,922 · fundraising $20,067

  • 24a · Other expenses: Printing

    total $32,070 · program services $8,483 · management and general $12,577 · fundraising $11,010

  • 24b · Other expenses: Dues/Subscriptions/Fees

    total $22,256 · program services $5,887 · management and general $8,728 · fundraising $7,641

  • 24c · Other expenses: Telephone

    total $15,799 · program services $4,179 · management and general $6,196 · fundraising $5,424

  • 24e · All other expenses

    total $5,839 · management and general $1,841 · fundraising $3,998

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $13,985,048 · end of year $16,407,233

  • 3 · Pledges and grants receivable

    beginning of year $27,875,000 · end of year $32,275,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,600 · end of year $55,321

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

    $4,073,497

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

    $671,352

  • 10c · Land, buildings and equipment, net

    beginning of year $3,494,275 · end of year $3,402,145

  • 11 · Investments: publicly traded securities

    beginning of year $727,234,359 · end of year $701,149,631

  • 13 · Investments: program-related

    beginning of year $2,000,000 · end of year $2,000,000

  • 15 · Other assets

    beginning of year $30,663,213 · end of year $36,462,367

  • 17 · Accounts payable and accrued expenses

    beginning of year $235,011 · end of year $350,795

  • 18 · Grants payable

    end of year $150,000

  • 21 · Escrow or custodial account liability

    beginning of year $66,815,516 · end of year $60,692,088

  • 25 · Other liabilities

    beginning of year $25,400 · end of year $159,983

  • 27 · Net assets without donor restrictions

    beginning of year $710,255,607 · end of year $697,991,395

  • 28 · Net assets with donor restrictions

    beginning of year $27,950,961 · end of year $32,407,436

Mission and programs · 2022

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 STRENGTEHN 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 $27,966,329 · Grants $27,158,649

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

    Expenses $1,631,937 · Grants $1,631,937

  • SCHOLARSHIP PROGRAM-MAINTAINS OVER 300 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 700 SCHOLARSHIPS TO ASSIST STUDENTS WITH HIGHER EDUCATION.

    Expenses $994,895 · Grants $994,895

As filed on the 2022 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
    $388,791
    From this org
    $308,569
    From related orgs
    $0
    Other
    $80,222
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $278,000
    Bonus
    $35,000
    Other
    $2,076
    Deferred
    $45,750
    Nontaxable benefits
    $31,355
    Filer's total
    $392,181

  • Clayton Cudmore

    Chief Financial & Administrative Officer

    Total calculated
    $265,245
    From this org
    $213,306
    From related orgs
    $0
    Other
    $51,939
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $194,794
    Bonus
    $20,000
    Other
    $0
    Deferred
    $32,219
    Nontaxable benefits
    $18,232
    Filer's total
    $265,245

  • Jeff Veltkamp

    Director of Development

    Total calculated
    $180,323
    From this org
    $138,835
    From related orgs
    $0
    Other
    $41,488
    Hours/week
    55

  • Ginger Niemann

    Senior Program Officer

    Total calculated
    $156,091
    From this org
    $107,578
    From related orgs
    $0
    Other
    $48,513
    Hours/week
    55

  • Beth Massa

    Director of Foundation Relations

    Total calculated
    $141,492
    From this org
    $106,946
    From related orgs
    $0
    Other
    $34,546
    Hours/week
    55

  • Karly Winter

    Operations/Compliance Manager

    Total calculated
    $138,422
    From this org
    $101,292
    From related orgs
    $0
    Other
    $37,130
    Hours/week
    55

  • Doug Sharp

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Scott Jones

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Karl Adam

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dennis Batteen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Buche

    Director

    Total calculated
    $0
    Hours/week
    1

  • Matt Cronin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dennis Daugaard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Grossenburg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathy Gunderson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Hart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Hoyt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maree Larson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deanna Lien

    Director

    Total calculated
    $0
    Hours/week
    1

  • Keith Moore

    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

  • Stanley Porch

    Director

    Total calculated
    $0
    Hours/week
    1

  • Shawn Rost

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hani Shafai

    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 $1,255,000 · assets $36,431,694

    Directly controlled by South Dakota Community Foundation (SDCF)

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202302969349301065

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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