Civic Intelligence

Southeast Technical Institute Foundation

990 • Fiscal year 2014 • EIN 36-4112897

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 18, 2014

Organization Profilewww.southeasttech.edu/foundation
2320 North Career Avenue57107-1301

(605) 367-5751

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

79th percentile

17%

Faster asset growth than 79% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$1,384,701

Up $196,994 (+17%) from 2013

Net Assets

Up

$1,384,701

Up $196,994 (+17%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue13th percentileNet Margin89th percentile

Revenue

$487,112

No earlier filing loaded for comparison.

Expenses

Up

$290,118

Up $112,437 (+63%) from 2013

Net Income

$196,994

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $994,872Liabilities 2011: $0Net Assets 2011: $994,8722011Assets 2012: $1,044,133Liabilities 2012: $0Net Assets 2012: $1,044,1332012Assets 2013: $1,187,707Liabilities 2013: $0Net Assets 2013: $1,187,7072013Assets 2014: $1,384,701Liabilities 2014: $0Net Assets 2014: $1,384,7012014Assets 2015: $1,444,521Liabilities 2015: $850Net Assets 2015: $1,443,6712015Assets 2016: $1,484,501Liabilities 2016: $0Net Assets 2016: $1,484,5012016Assets 2017: $1,709,596Liabilities 2017: $31,648Net Assets 2017: $1,677,9482017Assets 2018: $1,738,846Liabilities 2018: $32,898Net Assets 2018: $1,705,9482018Assets 2019: $2,291,337Liabilities 2019: $31,648Net Assets 2019: $2,259,6892019Assets 2020: $2,188,932Liabilities 2020: $155,848Net Assets 2020: $2,033,0842020Assets 2021: $2,297,922Liabilities 2021: $315Net Assets 2021: $2,297,6072021Assets 2022: $2,181,218Liabilities 2022: $0Net Assets 2022: $2,181,2182022Assets 2023: $2,251,412Liabilities 2023: $0Net Assets 2023: $2,251,4122023Assets 2024: $2,792,902Liabilities 2024: $0Net Assets 2024: $2,792,9022024

Highlighted filing

2014

Assets$1,384,701
Liabilities$0
Net Assets$1,384,701
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $173,2552011Expenses 2012: $159,4612012Expenses 2013: $177,6812013Revenue 2014: $487,112Expenses 2014: $290,118Net Income 2014: $196,9942014Revenue 2015: $269,878Expenses 2015: $210,908Net Income 2015: $58,9702015Revenue 2016: $284,694Expenses 2016: $243,864Net Income 2016: $40,8302016Revenue 2017: $398,745Expenses 2017: $200,948Net Income 2017: $197,7972017Revenue 2018: $265,598Expenses 2018: $237,598Net Income 2018: $28,0002018Revenue 2019: $750,417Expenses 2019: $252,362Net Income 2019: $498,0552019Revenue 2020: $419,840Expenses 2020: $716,277Net Income 2020: -$296,4372020Revenue 2021: $485,647Expenses 2021: $553,611Net Income 2021: -$67,9642021Revenue 2022: $785,443Expenses 2022: $651,510Net Income 2022: $133,9332022Revenue 2023: $882,756Expenses 2023: $939,463Net Income 2023: -$56,7072023Revenue 2024: $1,340,093Expenses 2024: $900,173Net Income 2024: $439,9202024

Highlighted filing

2014

Revenue$487,112
Expenses$290,118
Net Income$196,994
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 18, 2014
Return Version
2013v4.0
Gross Receipts
$487,112
Mission and Program Overview

Mission

The Southeast Tech Foundation is committed to building a solid foundation for tomorrow's workforce. Through community involvement, our workforce needs will be fulfilled by providing financial resources that allow our students to meet their potential.

To provide scholarships for students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$252,761$266,883▲ $14,122
Other Notes and Loans Receivable, Net$20,652$22,921▲ $2,269
Pledges and Grants Receivable$1,385$1,964▲ $579
Total Assets$1,187,707$1,384,701▲ $196,994
Other Assets Total$912,909$1,092,933▲ $180,024
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$815,642$970,149▲ $154,507
Unrestricted Net Assets$274,799$301,918▲ $27,119
Temporarily Rstr Net Assets$97,266$112,634▲ $15,368
Total Net Assets Fund Balance$1,187,707$1,384,701▲ $196,994
Total Liabilities and Net Assets / Fund Balance$1,187,707$1,384,701▲ $196,994

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,092,933--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Kathy ThorsonPresident
Diana Vander WoudeVice President
Bill McLeanDirector
Brian MeyerDirector
Dale JansDirector
Darin SchaapDirector
Daryl EnglundDirector
Evan NolteDirector
Jeff Nelson until August 2013Director
Jeffrey HolcombDirector
Jim MorganDirector
Joe HenkinDirector
Larry FullerDirector
Monty MillerDirector
Scott RysdonDirector
Tim HilberDirector
Tom KelleyDirector
Tracey DeatherageDirector
Chellee NemecInstitutional Advancement
Nancee Sturdevant until June 2014Institutional Advancement
Debbie SneveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$323,008
Program Service Revenue
$164,104
Investment Income
$0
Other Revenue
$0
All Other Contributions
$323,008
Change in Net Assets
$196,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$185,700
Other Expenses$104,418
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$162,750--$162,750
Advertising$61,215--$61,215
Fees for Services Other-$28,999-$28,999
Grants to Domestic Orgs$22,950--$22,950
Fees for Service Investment Mgmnt Fees-$8,345-$8,345
Other Expenses$3,751--$3,751
All Other Expenses$2,108--$2,108
Total Functional Expenses$252,774$37,344$0$290,118
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“No committee has the authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“The Form 990 will be provided to the Board Members upon completion at the next scheduled board meeting.”

Form 990, Part VI, Section B, line 12C

“The conflict of interest policy covers board members, officers and members of a committee with governing board delegated powers. A request is made annually for all board members to disclose any potential conflict of interest. The President of Southeast Technical Institute and the board make a determination of whether there is a conflict of interest and if so, implements the procedure for evaluating the issue or transaction involved. The board member, officer, or committee member with the conflict must refrain from voting.”

Form 990, Part VI, Section C, line 19

“Currently, the documents are not made available to the public.”

Filing and Contact Details

Filer

EIN
36-4112897
Phone
6053675751

Signing Officer

Name
Monty Miller
Title
President
Phone
6053675751
Signed
2014-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Thorson
Formed
1996
Legal Domicile
Sd
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
26

Preparer

Preparer
Laurie Hanson
Phone
6053391999
Raw XML AppendixShowing 400 of 456 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt03751
IRS990/OtherExpensesGrp/TotalAmt03751
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020652
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt022921
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0815642
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0970149
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01385
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01964
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Kathy Thorson
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/Desc0Perp Trust Chng in Int
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0164104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0164104
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0228171
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0166035
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt011646
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt093084
IRS990/PYRevenuesLessExpensesAmt0143574
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0177681
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0321255
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0196994
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0252761
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0266883
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0323008
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0228171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0208859
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0191066
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0200693
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01151797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06471
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07616
IRS990ScheduleA/PublicSupportCY170Pct00.88730
IRS990ScheduleA/PublicSupportPY170Pct00.91580
IRS990ScheduleA/PublicSupportTotal170Amt01028737
IRS990ScheduleA/SubstantialContributorsTotAmt0123060
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0323008
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0228171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0208859
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0191066
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0200693
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01151797
IRS990ScheduleA/TotalSupportAmt01159413
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01092933
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Beneficial Interest in Perpetual Trusts
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01092933
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0162750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships to individuals
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0214
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/IRCSectionDesc0State of S Dakota
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt022950
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Medical and computer equipment
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Educational training equipment
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Southeast Technical Institute
IRS990ScheduleI/RecipientTable/RecipientEIN0466002586
IRS990ScheduleI/RecipientTable/USAddress/AddressLine102320 N Career Ave
IRS990ScheduleI/RecipientTable/USAddress/City0Sioux Falls
IRS990ScheduleI/RecipientTable/USAddress/State0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode057032
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Grant funds are tracked and delineated by requirements for each grant. Applications are received for each grant that allow for identification of the certain requirements needed. All grants (education assistance/scholarships) made by the Foundation are tracked and documented.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No committee has the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 will be provided to the Board Members upon completion at the next scheduled board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy covers board members, officers and members of a committee with governing board delegated powers. A request is made annually for all board members to disclose any potential conflict of interest. The President of Southeast Technical Institute and the board make a determination of whether there is a conflict of interest and if so, implements the procedure for evaluating the issue or transaction involved. The board member, officer, or committee member with the conflict must refrain from voting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Currently, the documents are not made available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt097266
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0112634
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01187707
IRS990/TotalAssetsEOYAmt01384701
IRS990/TotalAssetsGrp/BOYAmt01187707
IRS990/TotalAssetsGrp/EOYAmt01384701
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0323008
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037344
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252774
IRS990/TotalFunctionalExpensesGrp/TotalAmt0290118
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,384,701
Liabilities
$0
Net assets
$1,384,701
Revenue
$487,112
Expenses
$290,118
Net income
$196,994
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.00$2.79$1.34$0.90$0.44
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.25$0.00$2.25$0.88$0.94$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.18$0.00$2.18$0.79$0.65$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.30$0.00$2.30$0.49$0.55$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.19$0.16$2.03$0.42$0.72$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.03$2.26$0.75$0.25$0.50
2018Detailed filing. Detailed filing data is available for this year.$1.74$0.03$1.71$0.27$0.24$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.03$1.68$0.40$0.20$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.28$0.24$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.27$0.21$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$0.49$0.29$0.20
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.19$0.00$1.19$0.18
2012XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$0.17