Branches Foundation
- Assets
- $28.2m
- Revenue
- $1.9m
- Investments
- $27.3m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 41-6463939
Organization Overview
Branches Foundation is located in Sioux Falls, SD. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Branches Foundation 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 12/2022, Branches Foundation generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Branches Foundation has awarded 158 individual grants totaling $12,379,328. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trudy A Christianson Trustee | 1 | $0 | |
Todd J Christianson Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dorsey Whitney Trust Company Llc | 12/30/22 | $197,316 |
Legacy Wealth | 12/30/22 | $194,778 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $147,435 |
| Interest on Savings | $0 |
| Dividends & Interest | $879,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $912,086 |
| Capital Gain Net Income | $912,086 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,938,895 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,642 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $440,771 |
| Contributions, gifts, grants paid | $2,703,500 |
| Total expenses and disbursements | $3,144,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,455 |
| Savings and temporary cash investments | $750,650 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $28,249,394 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Branches Foundation has awarded $2,703,500 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICA INLAND MISSION INTERNATIONAL PURPOSE: ANDY & CARI ROBERTSON | $8,000 |
RURAL CARE FOUNDATION PURPOSE: GENERAL OPERATING & VARIOUS | $142,000 |
SIM USA INCORPORATED PURPOSE: SEND MORE WORKERS | $50,000 |
CONVERGE FOUNDATION PURPOSE: CARL LAHR SUPPORT | $20,000 |
PRIORITY LIVING INC PURPOSE: THE MASTER'S PROGRAM / | $3,000 |
PARABLE FUND PURPOSE: GENERAL OPERATING FUND | $16,500 |