South Dakota State Fair Foundation
- Assets
- $3.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Huron, SD
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 46-0425814
Organization Overview
South Dakota State Fair Foundation is located in Huron, SD. The organization was established in 1994. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota State Fair 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 State Fair Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $38.5k during the year ending 12/2021. 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 SUPPORT ACTIVITIES DESIGNED TO ENHANCE, IMPROVE, EXPAND AND CONTINUE THE SOUTH DAKOTA STATE FAIR AS AN AGRICULTURAL, EDUCATIONAL, DEVELOPMENTAL AND ENTERTAINMENT VENUE IN THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPNEDITURES TO BRING GIFTS TOGETHER FOR A CAPITAL BUILDING CAMPAIGN - NEW 4-H BUILDING TO ENHANCE THE ACTIVITES AT THE THE SD STATE FAIRGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Harmon Secretary | Officer | 1 | $0 |
Scott Cordts Treasurer | Officer | 1 | $0 |
Faron Wahl Chairman | Officer | 1 | $0 |
Mary Jo Beal Director | Trustee | 1 | $0 |
Sherman Gose Director | Trustee | 1 | $0 |
Justin Bell 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 | $2,774,829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,774,829 |
| Total Program Service Revenue | $0 |
| Investment income | $1,699 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,779,835 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $4,741 |
| Office expenses | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $38,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,896,527 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $80,000 |
| Total assets | $2,976,527 |
| 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 | $2,976,527 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,976,527 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that South Dakota State Fair Foundation has recieved totaling $725,624.
| Awarding Organization | Amount |
|---|---|
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $254,000 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $254,000 |
South Dakota Community Foundation Pierre, SD PURPOSE: Community welfare and betterment | $190,085 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $20,000 |
Southeastern Electric Cooperative Inc Marion, SD PURPOSE: DAKOTA EVENTS COMPLEX | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $39 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northeast Nebraska Community Action Partnership Inc Pender, NE | $3,455,970 | $8,987,958 |
Gopher State One-Call Inc Minneapolis, MN | $13,617,385 | $7,412,499 |
Downtown Parking Management Inc Cedar Rapids, IA | $2,652,564 | $2,696,142 |
Scott County Regional Authority Bettendorf, IA | $3,455,493 | $3,293,735 |
Midwest Consruction & Distribution Industry Benefit Trust Eagan, MN | $4,510,406 | $1,947,839 |
Minnesota Association Of Townships St Michael, MN | $4,706,958 | $2,431,395 |
Dakota Business Finance Sioux Falls, SD | $1,006,804 | $1,543,251 |
Benedictine Living Community Of Wahpeton Minneapolis, MN | $6,015,815 | $1,840,159 |
Petroleum Marketers Of Iowa Urbandale, IA | $2,364,008 | $1,629,473 |
Minnesota Trucking Association Brooklyn Center, MN | $2,156,107 | $1,481,093 |
City Impact Lincoln, NE | $4,980,202 | $1,513,731 |
Independent Community Banks Of North Dakota Bismarck, ND | $2,054,460 | $1,393,335 |