Sanford Health Foundation Hillsboro
- Assets
- $1.9m
- Revenue
- $154.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 11/1987
- Data as of
- 12/2019
- EIN
- 36-3542187
Organization Overview
Sanford Health Foundation Hillsboro is located in Sioux Falls, SD. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. Sanford Health Foundation Hillsboro 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 12/2019, Sanford Health Foundation Hillsboro generated $154.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO RAISING FUNDS IN SUPPORT OF SANFORD HEALTH'S MISSION TO IMPROVE THE HUMAN CONDITION THROUGH THE WORK OF HEALTH AND HEALING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTINUES ITS PROUD TRADITION OF SUPPORTING THE LOCAL HEALTHCARE-RELATED PROGRAMS, SERVICES, AND OPERATIONS OF SANFORD HEALTH WHILE ALSO SEEKING REGIONAL, NATIONAL AND INTERNATIONAL SUPPORT FOR RESEARCH AND INITIATIVES. SPECIFICALLY, DONATIONS HELPED SUPPORT THE LOCAL BACK PACK PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Teiken Vice Chair | OfficerTrustee | 0.1 | $0 |
David Beito Past Chair | OfficerTrustee | 0.1 | $0 |
Don Jacobs Treasurer | OfficerTrustee | 0.1 | $0 |
James Cain Secretary | OfficerTrustee | 0.1 | $0 |
Mark Paulson MD Chair/physician Regional Chair | OfficerTrustee | 0.1 | $0 |
Kelby K Krabbenhoft Sanford President & CEO | OfficerTrustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,133 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,937 |
| Total Program Service Revenue | $0 |
| Investment income | $49,226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,627 |
| Net Income from Fundraising Events | $9,436 |
| Net Income from Gaming Activities | $3,580 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $154,606 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $850 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,969 |
| Pension plan accruals and contributions | $248 |
| Other employee benefits | $455 |
| Payroll taxes | $371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $183 |
| Office expenses | $81 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $678 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $31,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $63,212 |
| Pledges and grants receivable | $100 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,812 |
| Investments—publicly traded securities | $1,805,733 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,563 |
| Total assets | $1,879,420 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $916,094 |
| Net assets with donor restrictions | $963,326 |
| 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 | $1,879,420 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sanford Health Foundation Hillsboro has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Sanford Sioux Falls, SD PURPOSE: General support | $50,000 |
Endowment Analysis
| Beg. Balance | $564,611 |
| Ending Balance | $564,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Union Pacific Foundation Omaha, NE | $336,276 | $9,519,950 |
Montana Healthcare Foundation Bozeman, MT | $211,845,474 | $27,605,227 |
3m Foundation St Paul, MN | $11,832,463 | $7,120,220 |
Homer A Scott And Mildred S Scott Foundation Sheridan, WY | $28,032,742 | $11,071,204 |
Richard O Jacobson Foundation Inc Des Moines, IA | $24,841,991 | $13,826,505 |
Hugh J Andersen Foundation Bayport, MN | $156,260,583 | $11,255,430 |
Leland J And Dorothy H Olson Charitable Fountation Omaha, NE | $59,544,198 | $8,036,267 |
Hall-Perrine Foundation Cedar Rapids, IA | $140,581,654 | $14,980,430 |
Xcel Energy Foundation Minneapolis, MN | $11,307,736 | $67,424 |
Patrick & Aimee Butler Family Foundation St Paul, MN | $109,951,624 | $8,639,825 |
Henry A Davis Foundation Omaha, NE | $67,081,811 | $59,214,203 |
Charles And Mary Heider Family Foundation Omaha, NE | $4,711,924 | $1,666 |