SIOUX FALLS PUBLIC SCHOOLS EDUCATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

SETH PETERSON

Phone

6053104198

Tax Period

2024-01-01 to 2024-12-31

SIOUX FALLS PUBLIC SCHOOLS EDUCATION FOUNDATION, founded in 2008, is a small nonprofit in the Education sector that reported $768K in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $371K, a strong 48% operating margin.

Mission

TO ENHANCE EDUCATIONAL OPPORTUNITIES AND PROMOTE ACHIEVEMENT AMONG ALL STUDENTS BY SUPPORTING ACADEMIC PROJECTS AND ACTIVITIES NOT FUNDED BY TAX DOLLARS.

Program Service Accomplishments

Program 1

Expenses: $229,119

SIOUX FALLS PUBLIC SCHOOLS EDUCATION FOUNDATION PROVIDES CURRICULUM ENHANCEMENT GRANTS TO ANY EDUCATOR FOR UP TO $10,000 EACH YEAR TO PURCHASE CREATIVE OR INVENTIVE MATERIALS THAT WILL GIVE STUDENTS HANDS-ON EXPERIENCES IN THE CLASSROOM. EDUCATORS MAY ALSO APPLY FOR REPLENISH THE ROOM GRANT FOR UP TO $200 FOR CLASSROOM MATERIALS AND SUPPLIES. THE GRANTS ALIGN WITH CURRICULUM STANDARDS, ARE COMPATIBLE WITH CURRENT TECHNOLOGY, AND MEET SPECIFIC ENGAGEMENT, ENHANCEMENT AND INNOVATION EXPECTATIONS.

Program 2

Expenses: $90,239

SIOUX FALLS PUBLIC SCHOOLS EDUCATION FOUNDATION PROVIDES GRANTS TO SCHOOL-BASED SOCIAL WORKERS IN THE DISTRICT TO PURCHASE EMERGENCY SUPPLIES FOR FAMILIES AND STUDENTS LIVING IN CRISIS. THE STUDENT SUCCESS FUND ALSO PROVIDES GRANTS FOR INDIAN EDUCATION PROGRAMS AND TO THE SIOUX FALLS SCHOOL DISTRICT TO HELP FUND THE GAP FOR STUDENT MEALS.

Program 3

Expenses: $68,897

SIOUX FALLS PUBLIC SCHOOLS EDUCATION FOUNDATION RECOGNIZES THE IMPORTANCE OF SHOWING APPRECIATION TO EDUCATORS. THIS PROGRAM PROVIDES MENTAL WELLNESS GRANTS TO ANY SCHOOL IN THE DISTRICT TO ENCOURAGE STRESS RELIEF AND TEAMBUILDING ACTIVITIES. SCHOOLS WITHOUT AN ACTIVE PTO CAN ALSO RECEIVE GRANTS TO FUND CATERED MEALS OR SPIRIT WEAR / APPAREL FOR ITS STAFF MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $727,711

Program Service Revenue $0

Investment Income $40,335

Other Revenue $0

TOTAL REVENUE $768,046

Expense Breakdown

Grants Paid $388,255

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $388,255

Other Expenses $9,257

TOTAL EXPENSES $397,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$768,046	$447,263	+0.7%
Expenses	$397,512	$338,486	+0.2%
Net Income	$370,534	$108,777	+2.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$96,008

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SETH PETERSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CARRIE AARON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CALLIE BEISCH	SEC/TREAS	1.00	Officer Director	$0	$0	$0
DEB KOSKI	PAST CHAIR	1.00	Officer Director	$0	$0	$0
KIRK ZEECK	SCHOOL DISTRICT LIAISON	1.00	Director	$0	$0	$0
NAN BAKER	SCHOOL BOARD LIAISON	1.00	Director	$0	$0	$0
ANTHONY PIZER	BOARD MEMBER UNTIL 05/24	1.00	Director	$0	$0	$0
ADDIE GRAHAM-KRAMER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE POWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE HANNEMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN BOYLE	BOARD MEMBER BEG 02/24	1.00	Director	$0	$0	$0
ASHLEY BROST	BOARD MEMBER BEG 02/24	1.00	Director	$0	$0	$0
ALLISON STRUCK	EXECUTIVE DIRECTOR	40.00	Officer	$91,008	$5,000	$96,008

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$768,046	$397,512	$1,259,009	$370,534
2023	$447,263	$338,486	$886,519	$108,777
2022	$390,043	$266,350	$777,742	$123,693
2021	$933,059	$222,633	$1,276,028	$710,426
2020	$425,494	$182,662	$565,602	$242,832
2019	$227,832	$100,131	$322,770	$127,701

SIOUX FALLS PUBLIC SCHOOLS EDUCATION FOUNDATION