South Dakota Historical Society Foundation
- Assets
- $2.4m
- Revenue
- $765.0k
- Investments
- $0.0
- Employees
- 11
- Location
- Pierre, SD
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 46-0370475
Organization Overview
South Dakota Historical Society Foundation is located in Pierre, SD. The organization was established in 2015. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, South Dakota Historical Society Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Historical Society 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 12/2021, South Dakota Historical Society Foundation generated $765.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.2%) each year. All expenses for the organization totaled $865.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE SOUTH DAKOTA HISTORY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE AND FOSTER THE PRESERVATION, STUDY, RESEARCH, AND DISSEMINATION OF INFORMATION OF THE PREHISTORIC AND HISTORIC HERITAGE AND ASSIST THE PURPOSE OF THE SOUTH DAKOTA HISTORICAL SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Forsch CEO | Officer | 40 | $86,889 |
Val Simpson Treasurer | OfficerTrustee | 1 | $0 |
Eric Jennings Vice President | OfficerTrustee | 1 | $0 |
Sue Gates Secretary | OfficerTrustee | 1 | $0 |
Pat Miller President | OfficerTrustee | 1 | $0 |
Greg Risse Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,895 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,895 |
| Total Program Service Revenue | $0 |
| Investment income | $27,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $68,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $52,796 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $765,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $86,889 |
| Compensation of current officers, directors, key employees. | $28,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $298,519 |
| Pension plan accruals and contributions | $18,155 |
| Other employee benefits | $0 |
| Payroll taxes | $29,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,408 |
| Office expenses | $3,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,279 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,642 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383 |
| Insurance | $3,377 |
| All other expenses | $99,478 |
| Total functional expenses | $865,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321,820 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $62,068 |
| Accounts receivable, net | $29,125 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $85,564 |
| Prepaid expenses and deferred charges | $224 |
| Net Land, buildings, and equipment | $304 |
| Investments—publicly traded securities | $1,893,966 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,393,071 |
| Accounts payable and accrued expenses | $8,779 |
| 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 | $39,654 |
| Total liabilities | $48,433 |
| Net assets without donor restrictions | $1,304,049 |
| Net assets with donor restrictions | $1,040,589 |
| 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 | $2,393,071 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that South Dakota Historical Society Foundation has recieved totaling $29,528.
| Awarding Organization | Amount |
|---|---|
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $29,223 |
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,850,109 |
| Earnings | $189,382 |
| Admin Expense | $18,692 |
| Net Contributions | $4,233 |
| Other Expense | $131,066 |
| Ending Balance | $1,893,966 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Historical Society Saint Paul, MN | $261,681,031 | $58,257,393 |
Pioneer Home Incorporated Fergus Falls, MN | $18,276,562 | $17,034,682 |
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Yellowstone Historic Center Inc West Yellowstone, MT | $1,507,190 | $417,504 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Franklin County Fair Foundation Hampton, IA | $108,954 | $446,222 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |