Sioux Falls Area Community Foundation Inc
- Assets
- $264.1m
- Revenue
- $59.9m
- Investments
- $60.6k
- Employees
- 13
- Location
- Sioux Falls, SD
- Founding
- 02/2001
- Data as of
- 06/2021
- EIN
- 31-1748533
Organization Overview
Sioux Falls Area Community Foundation Inc is located in Sioux Falls, SD. The organization was established in 2001. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Sioux Falls Area Community Foundation Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sioux Falls Area Community Foundation Inc 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 06/2021, Sioux Falls Area Community Foundation Inc generated $59.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $27.4m during the year ending 06/2021. While expenses have increased by 12.8% per year over the past 6 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.
Since 2015, Sioux Falls Area Community Foundation Inc has awarded 1,822 individual grants totaling $142,374,118. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SIOUX FALLS AREA COMMUNITY (SFACF) PROVIDES TRUSTED LEADERSHIP THAT INSPIRES PHILANTHROPY.
Describe the Organization's Program Activity:
SIOUX FALLS AREA COMMUNITY FOUNDATION IS A PUBLICLY SUPPORTED COMMUNITY FOUNDATION THAT ATTRACTS, MANAGES, AND DISTRIBUTES CHARITABLE CAPITAL. ITS PRIMARY SERVICE AREA IS THE SIOUX FALLS MSA, A FOUR-COUNTY AREA WITH A POPULATION OF APPROXIMATELY 275,000, AND OTHER COMMUNITIES WITHIN A 25-MILE RADIUS OF THE CITY OF SIOUX FALLS, SOUTH DAKOTA.SFACF'S GRANTMAKING IS AIMED AT IMPROVING THE QUALITY OF LIFE IN THE SERVICE AREA, FOR GOOD, FOR EVER. IN FY 2021, OF MORE THAN 2,600 GRANTS MADE, NEARLY 150 STUDENTS BENEFITED FROM COMPETITIVELY AWARDED SCHOLARSHIPS AND COMPETITIVELY AWARDED GRANTS WERE MADE TO ORGANIZATIONS THAT SOUGHT TO ADDRESS THE AREA'S MOST PRESSING NEEDS AND OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Patterson President/ceo | Officer | 50 | $154,675 |
Mike Finnegan Vp, Finance/cfo | Officer | 50 | $103,252 |
Mary Kolsrud Vp, Philanthropy | Officer | 50 | $93,825 |
Susie Patrick Chair Of The Board | OfficerTrustee | 2 | $0 |
Todd Ernst Vice Chair Of The Board | OfficerTrustee | 2 | $0 |
Suzanne Veenis Secretary, Chair Of Development | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $59,900 |
| Membership dues | $0 |
| Fundraising events | $152,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $50,009,845 |
| Noncash contributions included in lines 1a–1f | $9,917,927 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,222,045 |
| Total Program Service Revenue | $0 |
| Investment income | $4,022,761 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,704,593 |
| Net Income from Fundraising Events | -$25,727 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,923,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,031,188 |
| Grants and other assistance to domestic individuals. | $405,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $425,682 |
| Compensation of current officers, directors, key employees. | $93,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,511 |
| Pension plan accruals and contributions | $34,306 |
| Other employee benefits | $41,590 |
| Payroll taxes | $59,743 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,365 |
| Fees for services: Accounting | $22,377 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,624 |
| Office expenses | $39,250 |
| Information technology | $69,114 |
| Royalties | $0 |
| Occupancy | $18,567 |
| Travel | $253 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,817 |
| Insurance | $13,200 |
| All other expenses | $4,229 |
| Total functional expenses | $27,354,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $48,413,638 |
| Pledges and grants receivable | $457,600 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $53,599 |
| Net Land, buildings, and equipment | $1,455,645 |
| Investments—publicly traded securities | $205,228,298 |
| Investments—other securities | $60,570 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,399,561 |
| Total assets | $264,068,911 |
| Accounts payable and accrued expenses | $83,810 |
| Grants payable | $440,134 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,217,792 |
| Total liabilities | $45,741,736 |
| Net assets without donor restrictions | $205,228,684 |
| Net assets with donor restrictions | $13,098,491 |
| 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 | $264,068,911 |
Grants Awarded
Over the last fiscal year, Sioux Falls Area Community Foundation Inc has awarded $23,649,152 in support to 229 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, SD PURPOSE: TROJAN UNITE CAMPAIGN FOR THE ATHLETIC DEPARTMENT | $10,000,000 |
MINNEHAHA COUNTY TREASURER PURPOSE: TO ASSIST PEOPLE IMPACTED BY COVID-19 WITH HOUSING AND UTILITY SUPPORT | $690,000 |
Sioux Falls, SD PURPOSE: SANFORD HOUSE, STEPPING INTO GOOD HEALTH, AVA'S HOUSE, CHILDREN'S MIRACLE NETWORK, GENERAL SUPPORT, CURE KIDS CANCER, SWEET DREAMS CAMPAIGN, SANFORD HOUSE | $548,585 |
Sioux Falls, SD PURPOSE: GENERAL SUPPORT AND GOLF FUNDRAISER | $471,600 |
Sioux Falls, SD PURPOSE: LUTHER HOUSE OF STUDY, GENERAL SUPPORT, SCHOLARSHIPS, AND ATHLETIC DEPARTMENT | $432,225 |
Sioux Falls, SD PURPOSE: LIONS COMMITMENTS, BLACK BEAR EXHIBIT, GENERAL SUPPORT | $425,364 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Sioux Falls Area Community Foundation Inc has recieved totaling $714,666.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: COMMUNITY HEALTH IMPROVEMENT,ECONOMIC DEVELOPMENT | $335,500 |
Seed For Success Foundation Sioux Falls, SD PURPOSE: AVERA LIGHT THE WAY CAMPAIGN | $100,000 |
Sioux Empire United Way Inc Sioux Falls, SD PURPOSE: PARTNER AGENCY ALLOC | $60,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $52,511 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $30,900 |
Endowment Analysis
| Beg. Balance | $116,715,901 |
| Earnings | $29,889,938 |
| Admin Expense | $1,024,036 |
| Net Contributions | $28,126,583 |
| Grants | $2,342,995 |
| Ending Balance | $171,365,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Foundation Minneapolis, MN | $763,755,990 | $141,518,502 |
Omaha Community Foundation Omaha, NE | $518,933,550 | $149,448,714 |
Community Fdn Of Greater Des Moines Des Moines, IA | $756,930,676 | $144,988,273 |
Omaha Community Foundation Donor Directed Depository Omaha, NE | $49,176,399 | $38,155,808 |
Nebraska Community Foundation Lincoln, NE | $227,749,373 | $20,781,363 |
Community Foundation Of Jackson Hole Jackson, WY | $113,990,661 | $47,502,372 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $264,068,911 | $59,923,672 |
Lincoln Community Foundation Inc Lincoln, NE | $161,472,860 | $29,470,305 |
Catholic Community Foundation Of Minnesota St Paul, MN | $510,001,439 | $72,097,381 |
Communitygiving St Cloud, MN | $193,103,222 | $46,523,540 |
Quad Cities Community Foundation Bettendorf, IA | $165,771,747 | $15,098,956 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $223,368,352 | $26,493,454 |