South Dakota Education Access Foundation
- Assets
- $42.7m
- Revenue
- $5.2m
- Investments
- $42.7m
- Employees
- 0
- Location
- Pierre, SD
- Founding
- 06/2009
- Data as of
- 12/2018
- EIN
- 26-3941129
Organization Overview
South Dakota Education Access Foundation is located in Pierre, SD. The organization was established in 2009. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations.
For the year ending 12/2018, South Dakota Education Access Foundation generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $2.4m during the year ending 12/2018. While expenses have increased by 1.0% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Fauth Vice Chair | 1 | $0 | |
Kae Mcneil Sec & Treas | 1 | $0 | |
Cindi Walsh Chair Person | 3 | $0 | |
Stephanie Weideman Director | 1 | $0 | |
Patti Mesmer Director | 1 | $0 | |
Clark Wold Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,269,274 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,927,699 |
| Capital Gain Net Income | $3,927,699 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,196,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $101,636 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,176 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $359,027 |
| Contributions, gifts, grants paid | $2,006,673 |
| Total expenses and disbursements | $2,365,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $42,681,982 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $33,926 |
| Total assets | $42,715,908 |
| Accounts payable and accrued expenses | $803 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $33,107 |
| Total liabilities | $33,910 |
Grants Awarded
Over the last fiscal year, South Dakota Education Access Foundation has awarded $2,006,673 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AUGUSTANA COLLEGE PURPOSE: SCHOLARSHIPS | $62,600 |
BLACK HILLS STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $140,800 |
DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $72,100 |
DAKOTA WESLEYAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $39,000 |
HEADLINE ACADEMY PURPOSE: SCHOLARSHIPS | $9,750 |
LAKE AREA TECHNICAL INSTITUTE PURPOSE: SCHOLARSHIPS | $69,500 |