Western Dakota Vocational Technical Foundation Inc
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 06/1977
- Data as of
- 06/2021
- EIN
- 46-0340050
Organization Overview
Western Dakota Vocational Technical Foundation Inc is located in Rapid City, SD. The organization was established in 1977. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Dakota Vocational Technical 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, Western Dakota Vocational Technical Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, ASSIST, AND EXTEND FINANCIAL SUPPORT TO WESTERN DAKOTA TECHNICAL INSTITUTE AND THE STUDENTS THEREOF BY PROVIDING SCHOLARSHIPS, GRANTS, AND FINANCIAL AID.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SCHOLARSHIPS TO WESTERN DAKOTA TECHNICAL INSTITUTE AND ITS STUDENTS IN ORDER TO ALLOW THEM TO COMPLETE THEIR EDUCATION. GRADUATES OF WESTERN DAKOTA TECHNICAL INSTITUTE DEVELOP THE KNOWLEDGE, SKILLS, AND BEHAVIORS NEEDED TO SUCCESSFULLY CONTRIBUTE TO THE COMMUNITY AND BUILD A STRONGER ECONOMY. SEE SCHEDULE I FOR DETAILS OF SCHOLARSHIPS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn Gab Past Chair | OfficerTrustee | 1 | $0 |
Jennifer Baloun Secretary | OfficerTrustee | 1 | $0 |
Veronica Kusser Vice Chair | OfficerTrustee | 1 | $0 |
Jon Gillam Chair | OfficerTrustee | 2.5 | $0 |
Matthew Koupal Treasurer | OfficerTrustee | 1 | $0 |
Danita Simons Executive Di | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,182,780 |
| Investment income | $7,264 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,845 |
| Net Income from Fundraising Events | $2,439 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,260,713 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,663 |
| Fees for services: Accounting | $27,502 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,674 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $1,852 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $3,909 |
| All other expenses | $0 |
| Total functional expenses | $1,319,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $635,795 |
| Savings and temporary cash investments | $426,228 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $297,884 |
| Total assets | $1,360,257 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,360,257 |
Grants Awarded
Over the last fiscal year, Western Dakota Vocational Technical Foundation Inc has awarded $1,278,193 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN DAKOTA TECHNICAL INSTITUTE PURPOSE: SCHOLARSHIP | $1,169,851 |
WESTERN DAKOTA TECHNICAL INSTITUTE PURPOSE: PROGRAM SUPPORT | $108,342 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Western Dakota Vocational Technical Foundation Inc has recieved totaling $1,198,985.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Education | $1,182,392 |
Crazy Horse Memorial Foundation Crazy Horse, SD PURPOSE: SCHOLARSHIP | $10,000 |
Black Hills Area Community Foundation Rapid City, SD PURPOSE: EDUCATION | $6,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $193 |
Endowment Analysis
| Beg. Balance | $242,240 |
| Earnings | $63,386 |
| Admin Expense | $9,742 |
| Net Contributions | $2,000 |
| Ending Balance | $297,884 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Und Sports Facilities Inc Grand Forks, ND | $57,543,376 | $14,333,337 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
St Paul City School St Paul, MN | $6,285,490 | $9,442,026 |
Iowa Association For The Education Of Young Children Inc Urbandale, IA | $815,186 | $7,200,490 |
Omaha Early Learning Centers Inc Omaha, NE | $0 | $8,526,168 |
East Dakota Educational Cooperative Sioux Falls, SD | $5,426,642 | $6,544,285 |
Minnesota Society Of Certified Public Accountants Bloomington, MN | $11,208,207 | $6,449,608 |
Bair Ranch Foundation Billings, MT | $61,742,372 | $8,939,986 |
Grand View Christian School Association Inc Des Moines, IA | $3,097,175 | $6,383,728 |
Dimensions Educational Research Foundation Lincoln, NE | $5,162,834 | $4,433,470 |
Northwest Community Action Partnership Chadron, NE | $1,464,027 | $4,474,641 |
Project Success-Students Undertaking Creative Control Minneapolis, MN | $9,553,286 | $4,323,696 |