SIOUX FALLS AREA COMMUNITY FOUNDATION INC

EIN: 311748533 501(c)(3) Philanthropy & Grantmaking

SIOUX FALLS, SD

Total Revenue
$50,631,506
Total Expenses
$41,427,307
Total Assets
$390,919,507
Net Assets
$342,243,308
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
SD
Principal Officer
ANDREW T PATTERSON
Phone
6053367055
Tax Period
2024-07-01 to 2025-06-30

SIOUX FALLS AREA COMMUNITY FOUNDATION INC, founded in 1984, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $32.9M in total revenue in fiscal year 2017. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.0M, a strong 40% operating margin.

Mission

THE SIOUX FALLS AREA COMMUNITY FOUNDATION (SFACF) PROVIDES TRUSTED LEADERSHIP THAT INSPIRES PHILANTHROPY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,119,743
Program Service Revenue $0
Investment Income $17,536,015
Other Revenue $-24,252
TOTAL REVENUE $50,631,506

Expense Breakdown

Grants Paid $38,909,054
Salaries & Benefits $1,401,492
Fundraising Expenses $872,655
Program Expenses $40,157,307
Other Expenses $1,116,761
TOTAL EXPENSES $41,427,307

Year-over-Year Comparison

2024 2023 Change
Revenue $50,631,506 $106,816,971 -0.5%
Expenses $41,427,307 $40,675,484 +0.0%
Net Income $9,204,199 $66,141,487 -0.9%
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

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Governance

Voting Members
14
Independent Members
14
Employees
15
Volunteers
200

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
8
$553,328
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE VEENIS CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
TODD ERNST PAST CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
AARON SEVERSON VICE CHAIR OF THE BOARD 2.00
Officer Director
$0 $0 $0
MATT GASSEN TREASURER, CHAIR OF FINANCE COMMITTEE 2.00
Officer Director
$0 $0 $0
MARILYN KORSTEN SECRETARY, CHAIR OF GRANTS COMMITTEE 2.00
Officer Director
$0 $0 $0
STACY ERDMANN CHAIR OF AUDIT COMMITTEE 2.00
Director
$0 $0 $0
MANDY GAIKOWSKI CHAIR OF LEGAL COMMITTEE 2.00
Director
$0 $0 $0
MAGGIE GROTELUSCHEN MEMBER 2.00
Director
$0 $0 $0
JASON HERRBOLDT MEMBER (THRU 09/25/24) 0.00
Director
$0 $0 $0
ANGELA LAMMERS MEMBER 2.00
Director
$0 $0 $0
ANGELINE LAVIN CHAIR OF INVESTMENT COMMITTEE 2.00
Director
$0 $0 $0
LORRAE LINDQUIST MEMBER 2.00
Director
$0 $0 $0
STEVE SARBACKER CHAIR OF GIFT ACCEPTANCE 2.00
Director
$0 $0 $0
JIM SOUKUP MEMBER 2.00
Director
$0 $0 $0
PAT SWEETMAN MEMBER 2.00
Director
$0 $0 $0
BEN WIENER MEMBER (THRU 6/27/25) 2.00
Director
$0 $0 $0
ANDREW PATTERSON PRESIDENT/CEO 50.00
Officer
$226,250 $19,925 $246,175
MARY KOLSRUD CHIEF PHILANTHROPY OFFICER 50.00
Officer
$134,643 $18,964 $153,607
MIKE FINNEGAN CHIEF FINANCIAL OFFICER 50.00
Officer
$136,387 $17,159 $153,546
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
2025 $50,631,506 $41,427,307 $390,919,507 $9,204,199
2024 $106,816,971 $40,675,484 $364,501,593 $66,141,487
2023 $36,878,472 $31,578,888 $283,123,600 $5,299,584
2022 $76,466,859 $31,054,030 $267,142,953 $45,412,829
2021 $59,923,672 $27,354,086 $264,068,911 $32,569,586
2020 $49,695,361 $19,969,141 $199,124,298 $29,726,220
2019 $47,515,001 $20,207,691 $179,302,241 $27,307,310
2018 $32,943,283 $19,902,050 $150,102,385 $13,041,233
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