Sioux Falls Area Community Foundation Inc
- Assets
- $199.1m
- Revenue
- $49.7m
- Investments
- $99.4k
- Employees
- 15
- Location
- Sioux Falls, SD
- Founding
- 02/2001
- Data as of
- 06/2020
- 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 06/2020, Sioux Falls Area Community Foundation Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Sioux Falls Area Community Foundation Inc generated $49.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $20.0m during the year ending 06/2020. While expenses have increased by 8.5% per year over the past 5 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 1,383 individual grants totaling $101,280,351. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SFACF IS A PUBLICLY-SUPPORTED COMMUNITY FOUNDATION. ITS PRIMARY ACTIVITY IS GRANTMAKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 250,000, AND OTHER COMMUNITIES WITHIN A 25-MILE RADIUS OF THE CITY OF SIOUX FALLS, SOUTH DAKOTA.SFACF'S PRIMARY ACTIVITY IS GRANTMAKING AIMED AT IMPROVING THE QUALITY OF LIFE IN THE SERVICE AREA, FOR GOOD, FOR EVER. IN FY 2020, 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. IN ALL, MORE THAN 500 CHARITABLE ORGANIZATIONS RECEIVED SUPPORT IN PROGRAM AREAS THAT INCLUDE ARTS AND HUMANITIES, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RELIGION. SFACF HAS MET AND ADHERES TO NATIONAL STANDARDS FOR COMMUNITY FOUNDATIONS IN THE U.S. AS ESTABLISHED BY THE COUNCIL ON FOUNDATIONS, WWW.COF.ORG, ARLINGTON, VIRGINIA.
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 250,000, AND OTHER COMMUNITIES WITHIN A 25-MILE RADIUS OF THE CITY OF SIOUX FALLS, SOUTH DAKOTA.SFACF'S PRIMARY ACTIVITY IS GRANTMAKING AIMED AT IMPROVING THE QUALITY OF LIFE IN THE SERVICE AREA, FOR GOOD, FOR EVER. IN FY 2020, 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. IN ALL, MORE THAN 500 CHARITABLE ORGANIZATIONS RECEIVED SUPPORT IN PROGRAM AREAS THAT INCLUDE ARTS AND HUMANITIES, COMMUNITY DEVELOPMENT, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RELIGION. SFACF HAS MET AND ADHERES TO NATIONAL STANDARDS FOR COMMUNITY FOUNDATIONS IN THE U.S. AS ESTABLISHED BY THE COUNCIL ON FOUNDATIONS, WWW.COF.ORG, ARLINGTON, VIRGINIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Patterson President/ceo | Officer | 50 | $141,635 |
Mike Finnegan Vp, Finance/cfo | Officer | 50 | $100,741 |
Mary Kolsrud Vp, Philanthropy | Officer | 50 | $87,639 |
Scott Christensen Chair Of The Board | OfficerTrustee | 2 | $0 |
Susie Patrick Vice Chair Of The Board | OfficerTrustee | 2 | $0 |
Todd Ernst Secretary, Chair Of Special Gifts | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $79,900 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,074,246 |
| Noncash contributions included in lines 1a–1f | $3,393,318 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,154,146 |
| Total Program Service Revenue | $0 |
| Investment income | $4,355,899 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,185,316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,695,361 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,968,174 |
| Grants and other assistance to domestic individuals. | $456,416 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $411,427 |
| Compensation of current officers, directors, key employees. | $90,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $392,880 |
| Pension plan accruals and contributions | $22,844 |
| Other employee benefits | $44,189 |
| Payroll taxes | $55,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,298 |
| Fees for services: Accounting | $26,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $84,997 |
| Office expenses | $52,278 |
| Information technology | $87,434 |
| Royalties | $0 |
| Occupancy | $11,028 |
| Travel | $1,297 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $58,382 |
| Insurance | $12,175 |
| All other expenses | $3,387 |
| Total functional expenses | $19,969,141 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $50,916,147 |
| Pledges and grants receivable | $2,212,000 |
| 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 | $15,287 |
| Net Land, buildings, and equipment | $1,500,246 |
| Investments—publicly traded securities | $136,541,580 |
| Investments—other securities | $99,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,839,647 |
| Total assets | $199,124,298 |
| Accounts payable and accrued expenses | $78,989 |
| Grants payable | $564,030 |
| 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 | $36,030,678 |
| Total liabilities | $36,673,697 |
| Net assets without donor restrictions | $150,910,387 |
| Net assets with donor restrictions | $11,540,214 |
| 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 | $199,124,298 |
Grants Awarded
Over the last fiscal year, Sioux Falls Area Community Foundation Inc has awarded $34,889,230 in support to 420 organizations.
| Grant Recipient | Amount |
|---|---|
Sioux Falls, SD PURPOSE: GENERAL SUPPORT, FLOOD ASSISTANCE, COVID-19 HOUSING ASSISTANCE | $2,143,260 |
Sioux Falls, SD PURPOSE: GENERAL SUPPORT, FLOOD ASSISTANCE, COVID-19 HOUSING ASSISTANCE | $2,143,260 |
Sioux Falls, SD PURPOSE: AVA'S HOUSE, STEPPING INTO GOOD HEALTH, MENTAL HEALTH PROGRAM, EMPLOYEE CRISIS FUND, GENERAL SUPPORT | $1,394,079 |
Sioux Falls, SD PURPOSE: AVA'S HOUSE, STEPPING INTO GOOD HEALTH, MENTAL HEALTH PROGRAM, EMPLOYEE CRISIS FUND, GENERAL SUPPORT | $1,394,079 |
Brookings, SD PURPOSE: SCHOLARSHIP SUPPORT, GENERAL SUPPORT | $1,215,402 |
Brookings, SD PURPOSE: SCHOLARSHIP SUPPORT, GENERAL SUPPORT | $1,215,402 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Sioux Falls Area Community Foundation Inc has recieved totaling $81,558.
| Awarding Organization | Amount |
|---|---|
Greg And Pam Sands Foundation Sioux Falls, SD PURPOSE: SIOUX EMPIRE TRIAGE CENTER | $50,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,666 |
Severson Family Foundation Saint Louis Park, MN PURPOSE: COMMUNITY BENEFIT | $7,000 |
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $5,992 |
Tiaa Charitable Inc Charlotte, NC PURPOSE: Annual Suuport | $5,700 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $111,581,732 |
| Earnings | $5,952,604 |
| Admin Expense | $886,954 |
| Net Contributions | $1,656,723 |
| Grants | $1,588,204 |
| Ending Balance | $116,715,901 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thrivent Charitable Impact & Investing Minneapolis, MN | $523,936,676 | $81,831,339 |
Nebraska Community Foundation Lincoln, NE | $180,736,716 | $36,819,625 |
Community Foundation Of Jackson Hole Jackson, WY | $85,390,182 | $33,731,724 |
Catholic Community Foundation Of Minnesota St Paul, MN | $386,711,687 | $35,853,848 |
Lincoln Community Foundation Inc Lincoln, NE | $149,613,883 | $30,107,215 |
Sioux Falls Area Community Foundation Inc Sioux Falls, SD | $199,124,298 | $49,695,361 |
Communitygiving St Cloud, MN | $151,351,396 | $17,181,618 |
3m Open Fund Blaine, MN | $4,682,267 | $10,455,827 |
Quad Cities Community Foundation Bettendorf, IA | $156,922,829 | $26,931,536 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA | $187,433,007 | $18,024,689 |
Montana Community Foundation Inc Helena, MT | $163,489,125 | $19,263,286 |
Community Foundation Of Greater Muscatine Muscatine, IA | $53,351,967 | $30,803,804 |