Milbank Community Foundation

Organization Overview

Milbank Community Foundation is located in Milbank, SD. The organization was established in 1993. According to its NTEE Classification (T31) the organization is classified as: Community 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. Milbank Community 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, Milbank Community Foundation generated $797.7k 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 (3.3%) each year. All expenses for the organization totaled $739.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Milbank Community Foundation has awarded 45 individual grants totaling $1,165,520. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CHARITABLE AND BENEVOLENT PURPOSES FOR THE BENEFIT OF THE RESIDENTS OF MILBANK, SOUTH DAKOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS PROGRAMS AND SCHOLARSHIPS FOR THE BENEFIT OF RESIDENTS OF THE GRANT COUNTY, SOUTH DAKOTA AREA. THE PURPOSE OF THE FOUNDATION IS TO BROADEN THE OPPORTUNITIES FOR SOCIAL, CULTURAL, EDUCATIONAL AND RECREATIONAL DEVELOPMENT FOR ALL RESIDENT OF THE GRANT COUNTY AREA. THE FOUNDATION IS COMMITTED TO CONTRIBUTING TO THE COMMUNITY IN WAYS THAT WILL ENHANCE THE SOCIAL AND ECONOMIC WELL-BEING OF EVERYONE.


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Board, Officers & Key Employees

Name (title)Compensation
Craig Wellnitz
Finance Director
$52,811
Mark Leddy
President
$0
Greg Thomas
Secretary/treasurer
$0
Mark Bierschbach
Vice President
$0
Tana Mundwiler
Director
$0
Jeff Jones
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mc & R Pools
Renovated Pool Area
$107,249
Scr Inc - St Cloud
Renovated Pool Area
$101,383
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $67,260
All other contributions, gifts, grants, and similar amounts not included above$607,066
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$674,326
Total Program Service Revenue$20,732
Investment income $51,153
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $51,441
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $797,652

Grants Awarded

Over the last fiscal year, Milbank Community Foundation has awarded $508,545 in support to 6 organizations.

Grant RecipientAmount

CITY OF MILBANK

PURPOSE: Health/Human Service and Youth Development; Unity Square improvements

$402,100

GRANT COUNTY HEART & DIABETES ASSOCIATION

Org PageRecipient Profile

Milbank, SD

PURPOSE: Health/Human Service

$71,089

MILBANK BALL DIAMOND ASSOCIATION

Org PageRecipient Profile

Milbank, SD

PURPOSE: Youth Development

$11,089

MILBANK COMMUNITY TRANSIT

Org PageRecipient Profile

Sisseton, SD

PURPOSE: Health/Human Service

$9,089

IMAGINATION LIBRARY

Org PageRecipient Profile

Milbank, SD

PURPOSE: Youth Development

$9,089

Milbank, SD

PURPOSE: Youth Development

$6,089
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Milbank Community Foundation has recieved totaling $590.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$590
View Grant Recipient Profile

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