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Nonprofiteer
← GREAT PLAINS EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by GREAT PLAINS EDUCATION FOUNDATION INC.

Totals

Total revenue
$4,349,905
Total expenses
$3,861,820
Contributions and grants received
$0
Grants paid
$3,505,000
Program service revenue
$0
Investment income
$849,905
Other revenue
$3,500,000
Total assets, end of year
$35,946,452
Total liabilities, end of year
$11,378,840
Net assets or fund balances, end of year
$24,567,612
Program services expenses (Part IX)
$3,505,000
Management and general expenses
$356,820
Fundraising expenses
$0
Program service expenses (Part III)
$3,505,000

Program services were 90.8% 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.

  • 3 · Investment income

    total $883,851 · excluded $883,851

  • 7a · Gross sales of assets other than inventory

    securities $3,086,649

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

    securities $3,120,595

  • 7c · Gain or loss

    securities -$33,946

  • 7d · Net gain or loss

    total -$33,946 · excluded -$33,946

  • 11a · Other revenue: Lawsuit Settlement

    total $3,500,000 · excluded $3,500,000

  • 11e · Other revenue, total

    $3,500,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,505,000 · program services $3,505,000

  • 11b · Fees: legal

    total $188,840 · management and general $188,840

  • 11c · Fees: accounting

    total $34,021 · management and general $34,021

  • 11f · Fees: investment management

    total $125,521 · management and general $125,521

  • 23 · Insurance

    total $8,438 · management and general $8,438

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $868,796 · end of year $5,722,155

  • 7 · Other notes and loans receivable

    beginning of year $9,049,933 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,438 · end of year $8,438

  • 11 · Investments: publicly traded securities

    beginning of year $20,956,608 · end of year $29,440,993

  • 12 · Investments: other securities

    beginning of year $206,087 · end of year $138,711

  • 15 · Other assets

    beginning of year $1,326,024 · end of year $636,155

  • 18 · Grants payable

    beginning of year $2,164,000 · end of year $5,055,000

  • 21 · Escrow or custodial account liability

    beginning of year $6,515,204 · end of year $6,323,840

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $23,736,682 · end of year $24,567,612

Mission and programs · 2022

Mission

To further and aid education in the State of South Dakota.

Activities or mission (Part I)

The Corporation's primary exempt purpose is to be operated to benefit and carry out the purposes of the state of South Dakota through financial aid and other assistance to students and to publicly supported schools, colleges, universities and other educational institutions located in South Dakota.

  • Grants given for various South Dakota higher education institutions.

    Expenses $3,505,000 · Grants $3,505,000

As filed on the 2022 return.

Listed in Part VII

  • Harvey C Jewett IV

    President/Secretary/Treasu

    Total calculated
    $0
    Hours/week
    10

  • Jack Thompson

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Mike Evans

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Kessler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eldon Swingler

    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.

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.

  • SD State Board of Regents & other Educational Institutions

    Government · Foundation financially supports educational activities · SD

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202431249349301753

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