Dakota Charitable Foundation Inc
- Assets
- $26.0m
- Revenue
- $2.2m
- Investments
- $6.0m
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 11/1992
- Data as of
- 12/2021
- EIN
- 46-0422869
Organization Overview
Dakota Charitable Foundation Inc is located in Rapid City, SD. The organization was established in 1992. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dakota Charitable 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 12/2021, Dakota Charitable Foundation Inc generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dakota Charitable Foundation Inc has awarded 218 individual grants totaling $40,864,311. 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 |
|---|---|---|---|
Heidi Hillenbrand Director | 5 | $24,000 | |
Margaret Hillenbrand Director | 5 | $24,000 | |
Gretchen Hillenbrand Director | 5 | $24,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $166 |
| Dividends & Interest | $467,331 |
| Net Rental Income | -$130,050 |
| Net Gain on Sale of Assets | $1,173,695 |
| Capital Gain Net Income | $1,173,695 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,168,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $72,000 |
| Other employee salaries and wages | $149,472 |
| Pension plans, employee benefits | $12,785 |
| Interest | $0 |
| Taxes | $152,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $930,361 |
| Total operating and administrative expenses | $1,323,870 |
| Contributions, gifts, grants paid | $3,810,626 |
| Total expenses and disbursements | $5,134,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,947 |
| Savings and temporary cash investments | $165,060 |
| Net Accounts receivable | $4,089 |
| 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 | $19,818,877 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,194 |
| Total assets | $26,047,186 |
| Accounts payable and accrued expenses | $1,340 |
| 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 | $202,000 |
| Total liabilities | $203,340 |
Grants Awarded
Over the last fiscal year, Dakota Charitable Foundation Inc has awarded $3,810,626 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Rapid City, SD PURPOSE: CHARITABLE | $686,203 |
HABITAT FOR HUMANITY PURPOSE: CHARITABLE | $600,000 |
PENNINGTON COUNTY SHERIFF'S OFFICE PURPOSE: CHARITABLE | $500,000 |
BH AREA COMMUNITY FOUNDATION PURPOSE: CHARITABLE | $275,000 |
MONUMENT HEALTH FOUNDATION PURPOSE: CHARITABLE | $250,000 |
NATIONAL BUFFALO FOUNDATION PURPOSE: CHARITABLE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Hughes Charitable Foundation Jackson, WY | $5,676,764 | $10,003,792 |
Cargill Foundation Minneapolis, MN | $286,172,868 | $105,535,102 |
Schoeneckers Foundation Minneapolis, MN | $145,295,949 | $7,540,866 |
The Curtis L Carlson Family Foundation Minnetonka, MN | $300,826,673 | $21,132,663 |
Principal Financial Group Foundation Inc Des Moines, IA | $217,742,870 | $19,396,180 |
Andreas Foundation Mankato, MN | $70,794,995 | $28,410,107 |
Hirschfeld Family Foundation Inc Kearney, NE | $102,299,062 | $1,701,092 |
Frechette Family Foundation Minneapolis, MN | $167,055,978 | $9,430,765 |
Aegon Transamerica Foundation Cedar Rapids, IA | $190,245,485 | $26,330,387 |
Acklie Charitable Foundation Lincoln, NE | $0 | $4,995,097 |
Gianforte Fam Charitable Tr Bozeman, MT | $232,267,609 | $12,872,148 |