SOUTH DAKOTA COMMUNITY FOUNDATION

EIN: 460398115 501(c)(3) Philanthropy & Grantmaking

Pierre, SD

Total Revenue
$69,242,401
Total Expenses
$34,855,537
Total Assets
$886,126,970
Net Assets
$818,678,190
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
SD
Principal Officer
Stephanie Judson
Phone
6052241025
Tax Period
2023-01-01 to 2023-12-31

SOUTH DAKOTA COMMUNITY FOUNDATION, founded in 1987, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $69.2M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $34.4M, a strong 50% operating margin.

Mission

SEE PART 1, LINE 1.

Program Service Accomplishments

Program 1
Expenses: $29,348,224 Revenue: $0

THE SOUTH DAKOTA COMMUNITY FOUNDATION IS THE ONLY COMMUNITY FOUNDATION IN SOUTH DAKOTA WITH A STATEWIDE FOCUS. ESTABLISHED AS A PUBLIC NONPROFIT IN 1987 UNDER THE VISION OF GOVERNOR MICKELSON, THE...

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THE SOUTH DAKOTA COMMUNITY FOUNDATION IS THE ONLY COMMUNITY FOUNDATION IN SOUTH DAKOTA WITH A STATEWIDE FOCUS. ESTABLISHED AS A PUBLIC NONPROFIT IN 1987 UNDER THE VISION OF GOVERNOR MICKELSON, THE FOUNDATION PROVIDES GRANTS TO CHARITABLE ORGANIZATIONS ACROSS THE STATE IN SUPPORT OF CHARITABLE, ECONOMIC DEVELOPMENT, HUMAN SERVICES, HEALTH, EDUCATION, AND CULTURAL PROGRAMS.

Program 2
Expenses: $1,859,609 Revenue: $0

COMMUNITY SAVINGS ACCOUNTS-WORK WITH OVER 75 COMMUNITIES ACROSS THE STATE, RANGING IN POPULATION FROM 200 TO OVER 30,000, TO CREATE PERPETUAL FUNDING STREAMS TO ASSIST WITH LOCAL CHARITABLE CAUSES...

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COMMUNITY SAVINGS ACCOUNTS-WORK WITH OVER 75 COMMUNITIES ACROSS THE STATE, RANGING IN POPULATION FROM 200 TO OVER 30,000, TO CREATE PERPETUAL FUNDING STREAMS TO ASSIST WITH LOCAL CHARITABLE CAUSES. GRANTS WERE AWARDED TO SUPPORT CHARITABLE CAUSES THAT ENABLE THE FOUNDATION TO DIRECTLY IMPACT NECESSARY CHANGE AS RECOMMENDED BY LOCAL LEADERS.

Program 3
Expenses: $1,100,355 Revenue: $0

SCHOLARSHIP PROGRAM-MAINTAINS OVER 300 SCHOLARSHIP FUNDS FOR THE BENEFIT OF HIGH SCHOOL GRADUATES ACROSS THE STATE. THE FOUNDATION WORKS WITH DONORS TO IMPROVE ACCESS FOR SOUTH DAKOTA'S YOUTH TO...

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SCHOLARSHIP PROGRAM-MAINTAINS OVER 300 SCHOLARSHIP FUNDS FOR THE BENEFIT OF HIGH SCHOOL GRADUATES ACROSS THE STATE. THE FOUNDATION WORKS WITH DONORS TO IMPROVE ACCESS FOR SOUTH DAKOTA'S YOUTH TO OBTAIN HIGHER EDUCATION. THE FOUNDATION AWARDED OVER 700 SCHOLARSHIPS TO ASSIST STUDENTS WITH HIGHER EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $41,745,748
Program Service Revenue $0
Investment Income $27,498,443
Other Revenue $-1,790
TOTAL REVENUE $69,242,401

Expense Breakdown

Grants Paid $31,389,075
Salaries & Benefits $2,670,709
Fundraising Expenses $1,273,783
Program Expenses $32,308,188
Other Expenses $795,753
TOTAL EXPENSES $34,855,537

Year-over-Year Comparison

2023 2022 Change
Revenue $69,242,401 $102,741,823 -0.3%
Expenses $34,855,537 $32,988,813 +0.1%
Net Income $34,386,864 $69,753,010 -0.5%
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
20
Independent Members
20
Employees
18
Volunteers
300

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
4
$744,100
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stephanie Judson President 55
Officer
$366,601 $86,049 $452,650
Clayton Cudmore Chief Financial & Administrative Officer 55
Officer
$234,450 $57,000 $291,450
N/A Director of Development 55
Highest
$148,649 $44,123 $192,772
Ginger Niemann Senior Program Officer 55
Highest
$112,161 $52,434 $164,595
Beth Massa Director of Foundation Relations 55
Highest
$112,697 $36,484 $149,181
Doug Sharp Chair 1
Officer Director
$0 $0 $0
Scott Jones Vice Chair 1
Officer Director
$0 $0 $0
Karl Adam Director 1
Director
$0 $0 $0
Dennis Batteen Director 1
Director
$0 $0 $0
Mark Buche Director 1
Director
$0 $0 $0
Matt Cronin Director 1
Director
$0 $0 $0
Dennis Daugaard Director 1
Director
$0 $0 $0
Marilyn Grossenburg Director 1
Director
$0 $0 $0
Kathy Gunderson Director 1
Director
$0 $0 $0
Marilyn Hoyt Director 1
Director
$0 $0 $0
Deanna Lien Director 1
Director
$0 $0 $0
Keith Moore Director 1
Director
$0 $0 $0
DeMaris Nesheim Director 1
Director
$0 $0 $0
Casey Peterson Director 1
Director
$0 $0 $0
Shawn Rost Director 1
Director
$0 $0 $0
Hani Shafai Director 1
Director
$0 $0 $0
Bob Sutton Director 1
Director
$0 $0 $0
Marci Christensen-Burdick Director 1
Director
$0 $0 $0
Linda Erickson Director 1
Director
$0 $0 $0
Donald Roby Director 1
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
2024 No data No data No data No data
2023 $69,242,401 $34,855,537 $886,126,970 $34,386,864
2022 $102,741,823 $32,988,813 $791,751,697 $69,753,010
2021 $215,504,617 $21,262,373 $805,282,495 $194,242,244
2020 $192,434,227 $20,217,057 $577,707,039 $172,217,170
2019 $79,703,940 $17,765,665 $361,930,702 $61,938,275
2018 $29,200,667 $15,824,549 $316,548,132 $13,376,118
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