Downtown Sturgis Foundation
- Assets
- $9.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sturgis, SD
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 20-2317478
Organization Overview
Downtown Sturgis Foundation is located in Sturgis, SD. The organization was established in 2005. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Sturgis Foundation 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 12/2021, Downtown Sturgis Foundation generated $4.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $41.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
DOWNTOWN REVITALIZATION AND PROMOTION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Baldwin Director | 0.25 | $0 | |
Rosemary Roth Director | 0.25 | $0 | |
Mark Bruch Vice Preside | 0.25 | $0 | |
Jessica Schmahl President | 0.25 | $0 | |
Veronica Grosek-Sturgis Chamber Director | 0.25 | $0 | |
Daniel Anislie-City Manager Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,283 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,283 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $346 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $41,268 |
| Total expenses | $41,614 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,192 |
| Other assets | $0 |
| Total assets | $9,192 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,192 |