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 6 years, the organization has seen revenues fall by an average of (35.9%) 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 | |
Veronica Grosek-Sturgis Chamber Director | 0.25 | $0 | |
Jeremy Vliem Treasurer | 0.25 | $0 | |
Jessica Schmahl President | 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 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Downtown Sturgis Foundation has recieved totaling $36,100.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $35,000 |
Preston G Hughes Foundation Inc Salt Lake City, UT PURPOSE: HISTORICAL PRESERVATION | $1,000 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 03/11/20 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
David Lynch Foundation For Consciousness-Based Education And Fairfield, IA | $9,280,358 | $8,736,448 |
Grand Teton National Park Foundation Moose, WY | $17,490,260 | $12,374,107 |
Bozeman Deaconess Foundation Bozeman, MT | $46,305,218 | $4,373,861 |
Community Foundation Of Johnson Coralville, IA | $45,550,796 | $9,673,780 |
The American Center For Philanthropy Inc Northfield, MN | $38,336,369 | $9,301,432 |
Lyon County Riverboat Foundation Inc Rock Rapids, IA | $2,226,608 | $3,365,358 |
Morgan Memorial Foundation Inc Morgan, MN | $3,017,509 | $3,804,451 |
Believers Stewardship Services Inc Dubuque, IA | $18,487,302 | $3,760,622 |
Nexus Community Partners Saint Paul, MN | $15,080,839 | $10,294,112 |
Caseys Charities Ankeny, IA | $167,680 | $3,051,265 |
Eagle Mount - Bozeman Bozeman, MT | $10,240,049 | $4,315,685 |
Nebraska Enterprise Fund Oakland, NE | $18,320,846 | $5,303,898 |