SEQUEL INC

EIN: 854297434 501(c)(3) Human Services

RAPID CITY, SD

Total Revenue
$71,064
Total Expenses
$141,658
Total Assets
$1,066,809
Net Assets
$1,066,809
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
SD
Principal Officer
KATHY MILLER
Phone
6057214383
Tax Period
2024-01-01 to 2024-12-31

SEQUEL INC, founded in 2020, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $142K exceeded revenue, resulting in a 99% operating deficit.

Mission

EMPOWERING ELDERS IN THEIR NEXT CHAPTER OF LIFE THROUGH SUPPORTIVE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $43,933 Revenue: $456

THE ORGANIZATIONS VISION IS TO ESTABLISH SEQUEL AS THE PREMIER RESOURCE FOR ELDERLY PEOPLE IN OUR REGION. IN ORDER TO CONTINUE TO IMPLEMENT THIS VISION, WE: CONTINUED TO RESEARCH AND APPLY FOR...

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THE ORGANIZATIONS VISION IS TO ESTABLISH SEQUEL AS THE PREMIER RESOURCE FOR ELDERLY PEOPLE IN OUR REGION. IN ORDER TO CONTINUE TO IMPLEMENT THIS VISION, WE: CONTINUED TO RESEARCH AND APPLY FOR QUALIFYING GRANTS. USED SOCIAL MEDIA TO INCREASE PUBLIC AWARENESS AND DEVELOP STRATEGIC PARTNERSHIPS. JOINED NEXUS SD TO EXPAND OUR REACH TO PEOPLE IN NEED THROUGH ADDITIONAL ONLINE AND 211 (TELEPHONE) SUPPORT SERVICES. WE CONTINUE THE FOLLOWING PROGRAMS CAREGIVER SUPPORT - WE CONTINUE TO PARTICIPATE IN CURRENT CAREGIVER SUPPORT NETWORKS AND RESEARCH OPPORTUNITIES FOR EXPANSION WITHIN THOSE NETWORKS. WE ARE CURRENTLY A SPONSOR FOR MEMORY CAFE, A CAREGIVER SUPPORT NETWORK. WE HELP THEM WITH THEIR RENT, AND PURCHASE EVENT SUPPLIES AND REFRESHMENTS FOR THE ATTENDEES TO ENJOY. ELDER ANGEL FUND - WE USED OUR APPLICATION PROCESS FOR AT RISK SENIORS TO ACCESS A SPECIFIED GRANT AMOUNT FOR A SPECIFIC NEED. WE WERE ABLE TO HELP 6 SENIORS IN THE LAST QUARTER OF 2024. WE BELIEVE THAT SENIORS SHOULD NOT HAVE TO CHOOSE BETWEEN FOOD AND MEDICATION OR FOOD AND DRESSING SUPPLIES. SADLY, THAT IS A SCENARIO THAT PLAYS OUT ALL TOO FREQUENTLY IN OUR COMMUNITY. WE SET UP A FUND SO COMMUNITY MEMBERS CAN HELP BRIDGE THE FINANCIAL GAP FOR VULNERABLE SENIORS. OUR APPLICATIONS HAVE INCREASED ALREADY IN 2024. ANGEL TREE - WE PARTNERED WITH BLACK HILLS ADVOCATE AND MEALS ON WHEELS ON THE COLLECTION AND DISTRIBUTION OF THE ANGEL TREE CHRISTMAS GIFTS. OVER 6,000 ITEMS WERE RECEIVED FROM DONORS ENABLING US TO DELIVER OVER 625 GIFTS TO SOME OF THE ISOLATED SENIORS IN OUR COMMUNITY. GUARDIANSHIP/CONSERVATORSHIP - SEQUEL PROVIDES COURT-APPOINTED GUARDIANSHIP AND CONSERVATORSHIP SERVICES FOR VULNERABLE ADULTS WHO ARE UNABLE TO MAKE DECISIONS ON THEIR OWN DUE TO AGE, ILLNESS, OR INCAPACITY. AS ONE OF ONLY TWO NONPROFITS IN THE STATE OFFERING THESE SERVICES, SEQUEL ENSURES THAT INDIVIDUALS RECEIVE PROPER ADVOCACY, FINANCIAL OVERSIGHT, AND COMPASSIONATE SUPPORT IN MANAGING THEIR PERSONAL AND FINANCIAL AFFAIRS. THIS WORK PROTECTS CLIENTS' RIGHTS, PROMOTES THEIR WELL-BEING, AND HELPS SECURE APPROPRIATE HOUSING, MEDICAL CARE, AND BENEFITS.

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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 $8,470
Program Service Revenue $456
Investment Income $49,090
Other Revenue $13,048
TOTAL REVENUE $71,064

Expense Breakdown

Grants Paid $5,391
Salaries & Benefits $98,953
Fundraising Expenses $15,043
Program Expenses $43,933
Other Expenses $37,314
TOTAL EXPENSES $141,658

Year-over-Year Comparison

2024 2023 Change
Revenue $71,064 $102,660 -0.3%
Expenses $141,658 $216,765 -0.3%
Net Income $-70,594 $-114,105 -0.4%
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
10
Independent Members
10
Employees
2
Volunteers
31

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
$92,712
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAGGIE DRAKE EXECUTIVE DI 40.00
Officer
$70,063 $10,778 $80,841
KERRY LASSAUX ED (THRU 03/ 40.00
Officer
$11,525 $346 $11,871
RENEE SALES PRESIDENT 1.00
Officer Director
$0 $0 $0
JENNY SCHMIDT VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KATHY MILLER SEC/TREASURE 3.00
Officer Director
$0 $0 $0
KELLI BACK DIRECTOR 1.00
Director
$0 $0 $0
JANA SMOOT-WHITE DIRECTOR 1.00
Director
$0 $0 $0
NITA DUNHAM DIRECTOR 1.00
Director
$0 $0 $0
JUSTINE JENSHUS DIRECTOR 1.00
Director
$0 $0 $0
DR LAURA HUGHES DIRECTOR 1.00
Director
$0 $0 $0
MISTY WINTER DIRECTOR 1.00
Director
$0 $0 $0
CAMERON DUCHENEAUX 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
2024 $71,064 $141,658 $1,066,809 $-70,594
2023 $102,660 $216,765 $1,069,238 $-114,105
2022 $94,268 $55,192 $1,120,269 $39,076
2021 $1,207,830 $6,862 $1,193,968 $1,200,968
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