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 |
|---|---|---|---|
Paula Carlson President | 10 | $20,000 | |
Kristen Fauth Vice Chair | 1 | $0 | |
Kyle Kary Director | 1 | $0 | |
Stephanie Weideman Director | 1 | $0 | |
Patti Mesmer Director | 1 | $0 | |
Cindi Walsh Chair Person | 3 | $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 |
|---|---|
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: SCHOLARSHIPS | $386,800 |
Vermillion, SD PURPOSE: SCHOLARSHIPS | $321,500 |
MAPPING YOUR FUTURE PURPOSE: COLLEGE ADVISING | $170,666 |
Spearfish, SD PURPOSE: SCHOLARSHIPS | $140,800 |
NATIONAL AMERICAN UNIVERSITY PURPOSE: SCHOLARSHIPS | $110,100 |
Aberdeen, SD PURPOSE: SCHOLARSHIPS | $107,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Northern Iowa Foundation Cedar Falls, IA | $173,378,893 | $31,725,389 |
National Assistance Foundation Des Moines, IA | $16,519,301 | $16,875,706 |
Sioux Falls Christian Schools Association Sioux Falls, SD | $33,580,780 | $15,294,565 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
Casper College Foundation Casper, WY | $118,882,238 | $11,522,950 |
Foundation Of Montana State University-Billings Billings, MT | $43,347,395 | $13,750,019 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Nebraska Defense Research Corporation Lincoln, NE | $12,097,402 | $14,649,208 |
Iowa High School Athleticassociation Boone, IA | $17,327,220 | $5,760,245 |
St Cloud State University Foundation Inc St Cloud, MN | $54,919,652 | $10,818,973 |