WEST RIVER FOUNDATION

EIN: 363354458 501(c)(3)

STURGIS, SD

Total Revenue
$4,778,528
Total Expenses
$4,350,641
Total Assets
$8,428,204
Net Assets
$7,388,165
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
SD
Principal Officer
RONALD ROSENBOOM
Phone
6053474467
Tax Period
2024-07-01 to 2025-06-30

WEST RIVER FOUNDATION, founded in 1985, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2017. Revenue decreased 7% compared to the prior year. Expenses of $2.4M left a modest 8% surplus.

Mission

TO ACT AS A VEHICLE TO IMPROVE EDUCATIONAL, ORGANIZATIONAL, AND ECONOMIC RESOURCES FOR SCHOOLS AND COMMUNITIES IN SOUTH DAKOTA. THE FOUNDATION IS COMMITTED TO ADVANCING PUBLIC EDUCATION, HOUSING OPPORTUNITIES, COMMUNITY SERVICES, AND ECONOMIC EXPANSION THROUGH SOFTWARE/HARDWARE SALES, CONTRACTED SERVICES, GRANT PROGRAMS, HOUSING DEVELOPMENT, AND THE LEASING OF PROPERTY AND EQUIPMENT FOR THE BENEFIT OF ANY PUBLIC OR NON-PROFIT EDUCATION OR COMMUNITY ORGANIZATION IN SOUTH DAKOTA.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,885,773
Program Service Revenue $1,864,987
Investment Income $288,898
Other Revenue $738,870
TOTAL REVENUE $4,778,528

Expense Breakdown

Grants Paid $120,932
Salaries & Benefits $173,274
Fundraising Expenses $4,432
Program Expenses $3,942,212
Other Expenses $4,056,435
TOTAL EXPENSES $4,350,641

Year-over-Year Comparison

2024 2023 Change
Revenue $4,778,528 $4,065,987 +0.2%
Expenses $4,350,641 $4,114,604 +0.1%
Net Income $427,887 $-48,617 -9.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
6
Volunteers
N/A

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
5
$132,609
Total Directors
5
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONALD ANDERSEN PRESIDENT 2.00
Officer Director
$4,000 $0 $8,000
TIM CRAWFORD VICE PRESIDENT 2.00
Officer Director
$4,000 $0 $8,000
SHIRLEY HALVERSON TREASURER 2.00
Officer Director
$4,000 $0 $8,000
WILLIAM TERMES SECRETARY 2.00
Officer Director
$4,000 $0 $8,000
JAMES DOOLITTLE DIRECTOR 2.00
Director
$4,000 $0 $8,000
RONALD ROSENBOOM EXECUTIVE DIRECTOR 20.00
Officer
$50,009 $0 $100,609
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 $4,778,528 $4,350,641 $8,428,204 $427,887
2024 $4,065,987 $4,114,604 $7,991,026 $-48,617
2023 $4,290,918 $4,082,336 $7,847,885 $208,582
2022 $3,921,124 $3,705,308 $7,568,333 $215,816
2021 $3,617,011 $3,382,517 $7,747,686 $234,494
2020 $3,333,494 $3,283,708 $6,913,215 $49,786
2019 $2,862,717 $2,738,407 $6,928,184 $124,310
2018 $2,659,403 $2,433,449 $6,084,804 $225,954
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