Brookings Foundation

EIN: 460342366 501(c)(3) Philanthropy & Grantmaking

Brookings, SD

Total Revenue
$215,053
Total Expenses
$136,218
Total Assets
$2,138,161
Net Assets
$2,138,161
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
SD
Phone
6052746012
Tax Period
2024-04-01 to 2025-03-31

Brookings Foundation, founded in 1977, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $215K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $79K, a strong 37% operating margin.

Mission

Provide assistance to meet needs in Brookings, South Dakota through nineteen separate funds, which consist primarily of donor designated funds.

Program Service Accomplishments

Program 1
Expenses: $21,876 Revenue: $48,453

A Fund entitled Her Turn provides sports camp scholarships to eligible girls.

Program 2
Expenses: $31,094 Revenue: $0

The Larson Charitable Fund provided Financial Assistance to the My Neighbor Fund, a Fund which provides financial assistance to individuals in crisis and who are not served by public assistance.

Program 3
Expenses: $32,856 Revenue: $20,879

The Special Assistance Fund provided financial assistance, including utilities and rent and other amounts of financial assistance to community members in need.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $122,393
Program Service Revenue $0
Investment Income $77,332
Other Revenue $15,328
TOTAL REVENUE $215,053

Expense Breakdown

Grants Paid $99,568
Salaries & Benefits $8,655
Fundraising Expenses $0
Program Expenses $107,309
Other Expenses $27,995
TOTAL EXPENSES $136,218

Year-over-Year Comparison

2024 2023 Change
Revenue $215,053 $196,563 +0.1%
Expenses $136,218 $1,125,187 -0.9%
Net Income $78,835 $-928,624 -1.1%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
6

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
3
$6,600
Total Directors
7
$6,600
Key Employees
1
$6,600
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dan Beinhorn President 1.00
Officer Director
$0 $0 $0
Darcie Bien Secretary 1.00
Officer Director
$0 $0 $0
Kurt Osborne Director, Treasurer 5.00
Officer Director Key Emp Highest
$6,600 $0 $6,600
Erik Dahl Director 1.00
Director
$0 $0 $0
Jeff Lee Director 1.00
Director
$0 $0 $0
Marjoanne Thompson Director 1.00
Director
$0 $0 $0
Caitlyn Christy Director 1.00
Director
$0 $0 $0
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 $215,053 $136,218 $2,138,161 $78,835
2024 $196,563 $1,125,187 $1,995,051 $-928,624
2023 $592,231 $387,849 $2,782,219 $204,382
2022 $841,217 $266,457 $2,680,117 $574,760
2021 $785,956 $315,458 $2,152,683 $470,498
2020 $248,240 $199,635 $1,299,139 $48,605
2019 $255,117 $191,402 $1,414,629 $63,715
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