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Nonprofiteer
← WEST RIVER FOUNDATION

Form 990 for tax year 2023

Filed by WEST RIVER FOUNDATION.

Totals

Total revenue
$4,065,987
Total expenses
$4,114,604
Contributions and grants received
$1,707,616
Grants paid
$220,991
Program service revenue
$1,575,651
Investment income
$134,549
Other revenue
$648,171
Total assets, end of year
$7,991,026
Total liabilities, end of year
$1,185,250
Net assets or fund balances, end of year
$6,805,776
Program services expenses (Part IX)
$3,704,999
Management and general expenses
$404,845
Fundraising expenses
$4,760
Program service expenses (Part III)
$3,704,999

Program services were 90.0% 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.

  • 1e · Government grants (contributions)

    $1,418,546

  • 1f · All other contributions, gifts and grants

    $289,070

  • 1g · Noncash contributions included above

    $175,370

  • 2a · Program service revenue: DAKOTA LINK EQUIPMENT

    total $1,028,439 · related or exempt $1,028,439

  • 2b · Program service revenue: CONTRACT SERVICES

    total $299,000 · related or exempt $299,000

  • 2c · Program service revenue: FEES

    total $248,212 · related or exempt $248,212

  • 3 · Investment income

    total $146,979 · excluded $146,979

  • 6a · Gross rents

    real property $643,780

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $643,780

  • 6d · Net rental income or loss

    total $643,780 · related or exempt $643,780

  • 7a · Gross sales of assets other than inventory

    securities $410,106 · other assets $19,587

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

    securities $339,569 · other assets $102,554

  • 7c · Gain or loss

    securities $70,537 · other assets -$82,967

  • 7d · Net gain or loss

    total -$12,430 · excluded -$12,430

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $4,391 · excluded $4,391

  • 11e · Other revenue, total

    $4,391

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,641 · program services $142,641

  • 2 · Grants to domestic individuals

    total $78,350 · program services $78,350

  • 5 · Compensation of officers, directors and key employees

    total $69,094 · program services $40,402 · management and general $27,094 · fundraising $1,598

  • 7 · Other salaries and wages

    total $83,837 · program services $68,994 · management and general $12,115 · fundraising $2,728

  • 8 · Pension plan contributions

    total $2,790 · management and general $2,687 · fundraising $103

  • 10 · Payroll taxes

    total $11,409 · program services $9,609 · management and general $1,469 · fundraising $331

  • 11a · Fees: management

    total $40,512 · program services $40,512

  • 11b · Fees: legal

    total $10,198 · management and general $10,198

  • 11c · Fees: accounting

    total $39,813 · management and general $39,813

  • 11f · Fees: investment management

    total $11,598 · management and general $11,598

  • 11g · Fees: other

    total $2,240,976 · program services $2,223,568 · management and general $17,408

  • 12 · Advertising and promotion

    total $22,889 · program services $182 · management and general $22,707

  • 13 · Office expenses

    total $50,698 · program services $706 · management and general $49,992

  • 16 · Occupancy

    total $35,491 · program services $29,410 · management and general $6,081

  • 17 · Travel

    total $4,442 · program services $2,545 · management and general $1,897

  • 20 · Interest

    total $21,795 · program services $21,129 · management and general $666

  • 22 · Depreciation, depletion and amortization

    total $242,082 · program services $133,943 · management and general $108,139

  • 23 · Insurance

    total $82,846 · program services $26,938 · management and general $55,908

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $850,098 · program services $849,659 · management and general $439

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $43,075 · program services $34,188 · management and general $8,887

  • 24c · Other expenses: VEHICLE EXPENSE

    total $29,305 · program services $1,562 · management and general $27,743

  • 24e · All other expenses

    total $665 · program services $661 · management and general $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $935,450 · end of year $699,851

  • 2 · Savings and temporary cash investments

    beginning of year $1,347,163 · end of year $1,458,935

  • 4 · Accounts receivable

    beginning of year $511,087 · end of year $456,278

  • 7 · Other notes and loans receivable

    beginning of year $32,289 · end of year $20,956

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

    $7,082,138

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

    $5,007,600

  • 10c · Land, buildings and equipment, net

    beginning of year $2,007,915 · end of year $2,074,538

  • 11 · Investments: publicly traded securities

    beginning of year $3,013,981 · end of year $3,280,468

  • 17 · Accounts payable and accrued expenses

    beginning of year $289,927 · end of year $255,442

  • 19 · Deferred revenue

    beginning of year $0 · end of year $56,634

  • 23 · Secured mortgages and notes payable

    beginning of year $878,279 · end of year $873,174

  • 27 · Net assets without donor restrictions

    beginning of year $6,679,679 · end of year $6,784,820

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $20,956

Mission and programs · 2023

Mission

TO ACT AS A VEHICLE TO IMPROVE EDUCATIONAL, ORGANIZATIONAL, AND ECONOMIC RESOURCES FOR SCHOOLS AND COMMUNITIES IN SOUTH DAKOTA. THE FOUNDATION IS COMMITTED TO ADVANCING PUBLIC EDUCATION, HOUSING OPPORTUNITIES, COMMUNITY SERVICES, AND ECONOMIC EXPANSION THROUGH SOFTWARE/HARDWARE SALES, CONTRACTED SERVICES, GRANT PROGRAMS, HOUSING DEVELOPMENT, AND THE LEASING OF PROPERTY AND EQUIPMENT FOR THE BENEFIT OF ANY PUBLIC OR NON-PROFIT EDUCATION OR COMMUNITY ORGANIZATION IN SOUTH DAKOTA.

  • PROVIDE ADMINISTRATIVE SERVICES TO ORGANIZATIONS THAT PROMOTE EDUCATION AND COMMUNITY. ADMINISTER SEVERAL EDUCATIONAL PROGRAMS AND ESTABLISH A SMALL BUSINESS RESOURCE CENTER TO PROVIDE EDUCATION AND ASSISTANCE TO SMALL BUSINESSES.

    Expenses $2,386,263 · Grants $220,991 · Revenue $547,212

  • TO PROVIDE SPACE AND GROUP HOMES FOR EDUCATIONAL FACILITIES AND PERSONS WITH SPECIAL NEEDS.

    Expenses $215,194 · Revenue $643,780

  • TECHNOLOGY SALES FOR EDUCATIONAL INSTITUTIONS AND PERSONS WITH SPECIAL NEEDS

    Expenses $1,103,542 · Revenue $1,028,439

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Andersen

    PRESIDENT

    Total calculated
    $8,000
    From this org
    $4,000
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    2 + 2 related

  • Tim Crawford

    VICE PRESIDENT

    Total calculated
    $8,000
    From this org
    $4,000
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    2 + 2 related

  • Shirley Halverson

    TREASURER

    Total calculated
    $8,000
    From this org
    $4,000
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    2 + 2 related

  • William Termes

    SECRETARY

    Total calculated
    $8,000
    From this org
    $4,000
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    2 + 2 related

  • James Doolittle

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $4,000
    From related orgs
    $4,000
    Other
    $0
    Hours/week
    2 + 2 related

  • Ronald Rosenboom

    EXECUTIVE DIRECTOR

    Total calculated
    $88,778
    From this org
    $44,178
    From related orgs
    $44,600
    Other
    $0
    Hours/week
    20 + 20 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 January 2025
IRS schema version
2023v6.0
Source object
202540299349301234

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