FURNITURE MISSION OF SOUTH DAKOTA INC

EIN: 810584500 501(c)(3) Human Services

SIOUX FALLS, SD

Total Revenue
$815,714
Total Expenses
$783,797
Total Assets
$3,059,962
Net Assets
$2,521,836
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
SD
Principal Officer
JANEAN MICHALOV
Phone
6059776800
Tax Period
2023-01-01 to 2023-12-31

FURNITURE MISSION OF SOUTH DAKOTA INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $816K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $784K left a modest 4% surplus.

Mission

TO SHARE THE LOVE OF CHRIST THROUGH THE ACCEPTANCE AND DISTRIBUTION OF GENTLY USED FURNITURE TO THOSE IN NEED. TO GIVE FAMILIES AND INDIVIDUALS THE BASIC FURNISHINGS NEEDED TO MAKE A HOUSE INTO A HOME BY COLLECTING DONATIONS OF GENTLY USED FURNITURE FROM THE COMMUNITY AND THEN DISTRIBUTING THE FURNITURE TO THOSE IN NEED FREE OF CHARGE.

Program Service Accomplishments

Program 1
Expenses: $624,452

THE MISSION COLLECTS DONATIONS OF "GENTLY USED" FURNITURE FROM THE COMMUNITY AND THEN DISTRIBUTES THE FURNITURE TO THOSE IN NEED FREE OF CHARGE. THE FURNITURE IS DISTRIBUTED TO THOSE WHO ARE REFERRED...

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THE MISSION COLLECTS DONATIONS OF "GENTLY USED" FURNITURE FROM THE COMMUNITY AND THEN DISTRIBUTES THE FURNITURE TO THOSE IN NEED FREE OF CHARGE. THE FURNITURE IS DISTRIBUTED TO THOSE WHO ARE REFERRED BY SOCIAL SERVICE AGENCIES, MISSIONS, CHURCHES, SCHOOLS, AND HOSPITALS.

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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 $632,471
Program Service Revenue $0
Investment Income $62,561
Other Revenue $120,682
TOTAL REVENUE $815,714

Expense Breakdown

Grants Paid $285,464
Salaries & Benefits $294,231
Fundraising Expenses $73,790
Program Expenses $624,452
Other Expenses $204,102
TOTAL EXPENSES $783,797

Year-over-Year Comparison

2023 2022 Change
Revenue $815,714 $2,949,297 -0.7%
Expenses $783,797 $754,439 +0.0%
Net Income $31,917 $2,194,858 -1.0%
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
12
Independent Members
11
Employees
8
Volunteers
45

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
$81,162
Total Directors
14
$81,162
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAMON SEHR PRESIDENT 2.00
Officer Director
$0 $0 $0
DUSTIN HANSON VICE PRESIDE 2.00
Officer Director
$0 $0 $0
MIKE HANNA SECRETARY 2.00
Officer Director
$0 $0 $0
PAUL HOLLISTER TREASURER 2.00
Officer Director
$0 $0 $0
KYM BLACK DIRECTOR 2.00
Director
$0 $0 $0
TANNER FITZ DIRECTOR 2.00
Director
$0 $0 $0
LISA STARK DIRECTOR 2.00
Director
$0 $0 $0
CHARLIE CHILDERSTON DIRECTOR 2.00
Director
$0 $0 $0
SARAH KAPPEL DIRECTOR 2.00
Director
$0 $0 $0
BETTY DEBERG DIRECTOR 2.00
Director
$0 $0 $0
ALEX CARNES DIRECTOR 2.00
Director
$0 $0 $0
STERLING NIELSEN DIRECTOR 2.00
Director
$0 $0 $0
BRYAN ANFINSON DIRECTOR 2.00
Director
$0 $0 $0
JANEAN MICHALOV EXECUTIVE DI 40.00
Officer Director
$81,162 $0 $81,162
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 $815,714 $783,797 $3,059,962 $31,917
2022 $2,949,297 $754,439 $3,023,049 $2,194,858
2022 $2,325,416 $760,005 $2,393,682 $1,565,411
2021 $705,536 $708,448 $788,318 $-2,912
2021 $688,422 $706,691 $794,505 $-18,269
2019 $658,075 $636,723 $493,399 $21,352
2018 $640,162 $626,710 $484,931 $13,452
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