East Dakota Educational Cooperative
- Assets
- $5.4m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 95
- Location
- Sioux Falls, SD
- Founding
- 09/1988
- Data as of
- 06/2022
- EIN
- 06-1209235
Organization Overview
East Dakota Educational Cooperative is located in Sioux Falls, SD. The organization was established in 1988. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, East Dakota Educational Cooperative employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Dakota Educational Cooperative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, East Dakota Educational Cooperative generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $6.3m during the year ending 06/2022. While expenses have increased by 10.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOPERATIVE PROVIDES SPECIAL EDUCATIONAL SERVICES TO 3 MEMBER SCHOOL DISTRICTS. THE COOPERATIVE ALSO ADMINISTERS ALTERNATIVE SCHOOLS IN VARIOUS SITES IN SOUTH DAKOTA AND MINNESOTA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Frevik Director | OfficerTrustee | 40 | $103,530 |
David Vander Grift Business Manager | Officer | 40 | $51,567 |
Renee Ullom President | OfficerTrustee | 4 | $0 |
Gordon Sweeter Board Member | OfficerTrustee | 2 | $0 |
Alexia Klinkhammer Board Member | Trustee | 2 | $0 |
Scott Sandal Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,195,337 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,195,337 |
| Total Program Service Revenue | $5,040,466 |
| Investment income | $4,589 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,544,285 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,453 |
| Compensation of current officers, directors, key employees. | $188,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,871,085 |
| Pension plan accruals and contributions | $227,213 |
| Other employee benefits | $457,046 |
| Payroll taxes | $284,415 |
| Fees for services: Management | $333,973 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $222,429 |
| Information technology | $174,643 |
| Royalties | $0 |
| Occupancy | $118,462 |
| Travel | $55,985 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55,107 |
| Interest | $61,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,038 |
| Insurance | $39,553 |
| All other expenses | $61,116 |
| Total functional expenses | $6,338,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $457,573 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $281,667 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,102 |
| Net Land, buildings, and equipment | $77,359 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,320,993 |
| Other assets | $2,533,226 |
| Total assets | $5,426,642 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,288,766 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,068,152 |
| Total liabilities | $3,356,918 |
| Net assets without donor restrictions | $1,443,839 |
| Net assets with donor restrictions | $625,885 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,426,642 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that East Dakota Educational Cooperative has recieved totaling $7,230.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Education and youth services | $7,230 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
Omaha Early Learning Centers Inc Omaha, NE | $0 | $8,526,168 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |
Bair Ranch Foundation Billings, MT | $61,742,372 | $8,939,986 |
Grand View Christian School Association Inc Des Moines, IA | $3,097,175 | $6,383,728 |
Dimensions Educational Research Foundation Lincoln, NE | $5,162,834 | $4,433,470 |
Northwest Community Action Partnership Chadron, NE | $1,464,027 | $4,474,641 |
Project Success-Students Undertaking Creative Control Minneapolis, MN | $9,553,286 | $4,323,696 |