Civic Intelligence

Edgar W Freeman Charitable Trust 17174 W-555 First Natl Bank Bldg

990 • Fiscal year 2020 • EIN 41-6225766

Jan 01, 2020 to Dec 31, 2020 • Filed on May 20, 2021

225 Cedar Street PO Box 156Yankton, SD 57078

(605) 665-4923

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

7th percentile

0.00x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

27th percentile

-4.4%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

24th percentile

$32,506

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

28th percentile

-0.2%

Faster asset growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-53%

Faster revenue growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$6,270,678

Down $12,398 (-0.2%) from 2019

Net Assets

Down

$6,270,678

Down $12,398 (-0.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$281,644

Down $321,186 (-53%) from 2019

Expenses

Up

$294,042

Up $9,631 (+3.4%) from 2019

Net Income

Down

-$12,398

Down $330,817 (-104%) from 2019

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $5,271,081Liabilities 2010: $0Net Assets 2010: $5,271,0812010Assets 2011: $5,119,739Liabilities 2011: $0Net Assets 2011: $5,119,7392011Assets 2012: $5,121,174Liabilities 2012: $0Net Assets 2012: $5,121,1742012Assets 2013: $5,477,903Liabilities 2013: $0Net Assets 2013: $5,477,9032013Assets 2014: $5,921,371Liabilities 2014: $0Net Assets 2014: $5,921,3712014Assets 2015: $5,849,422Liabilities 2015: $0Net Assets 2015: $5,849,4222015Assets 2016: $5,785,322Liabilities 2016: $0Net Assets 2016: $5,785,3222016Assets 2017: $5,851,219Liabilities 2017: $0Net Assets 2017: $5,851,2192017Assets 2018: $5,964,657Liabilities 2018: $0Net Assets 2018: $5,964,6572018Assets 2019: $6,283,076Liabilities 2019: $0Net Assets 2019: $6,283,0762019Assets 2020: $6,270,678Liabilities 2020: $0Net Assets 2020: $6,270,6782020Assets 2021: $6,508,775Liabilities 2021: $0Net Assets 2021: $6,508,7752021Assets 2022: $6,509,734Liabilities 2022: $0Net Assets 2022: $6,509,7342022Assets 2023: $6,595,228Liabilities 2023: $0Net Assets 2023: $6,595,2282023Assets 2024: $6,711,701Liabilities 2024: $0Net Assets 2024: $6,711,7012024

Highlighted filing

2020

Assets$6,270,678
Liabilities$0
Net Assets$6,270,678

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2010: $123,9402010Revenue 2011: $24,910Expenses 2011: $176,252Net Income 2011: -$151,3422011Expenses 2012: $153,8422012Revenue 2013: $532,550Expenses 2013: $175,821Net Income 2013: $356,7292013Revenue 2014: $657,278Expenses 2014: $213,810Net Income 2014: $443,4682014Revenue 2015: $184,027Expenses 2015: $255,976Net Income 2015: -$71,9492015Revenue 2016: $204,664Expenses 2016: $268,764Net Income 2016: -$64,1002016Revenue 2017: $311,816Expenses 2017: $245,919Net Income 2017: $65,8972017Revenue 2018: $393,562Expenses 2018: $280,124Net Income 2018: $113,4382018Revenue 2019: $602,830Expenses 2019: $284,411Net Income 2019: $318,4192019Revenue 2020: $281,644Expenses 2020: $294,042Net Income 2020: -$12,3982020Revenue 2021: $537,623Expenses 2021: $299,526Net Income 2021: $238,0972021Revenue 2022: $319,606Expenses 2022: $318,647Net Income 2022: $9592022Revenue 2023: $392,017Expenses 2023: $306,523Net Income 2023: $85,4942023Revenue 2024: $451,734Expenses 2024: $335,261Net Income 2024: $116,4732024

Highlighted filing

2020

Revenue$281,644
Expenses$294,042
Net Income-$12,398
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 20, 2021
Return Version
2020v4.0
Gross Receipts
$1,697,948
Mission and Program Overview

Mission

On january 2nd 1980, edgar w. Freeman established a charitable trust. The trust was organized exclusively to make distributions to support or maintain professorships at the university of south dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,229,189$6,259,616▲ $30,427
Cap Stk Tr Prin Current Funds$3,790,763$3,790,763→ $0
Rtn Earn Endowment Incm Other Fnds$2,492,313$2,479,915▼ $12,398
Savings and Temporary Cash Investments$53,887$11,062▼ $42,825
Total Assets$6,283,076$6,270,678▼ $12,398
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,283,076$6,270,678▼ $12,398
Total Liabilities and Net Assets / Fund Balance$6,283,076$6,270,678▼ $12,398
Compensation and Service Providers

Employees

NameTitleBaseTotal
First Dakota National BankTrustee$32,506$32,506

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$281,644
Other Revenue
$0
Change in Net Assets
$-12,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$257,794
Salaries, Compensation, and Employee Benefits$32,506
Other Expenses$3,742
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$257,794--$257,794
Current Officers, Directors, Trustees, and Key Employees$16,253$16,253-$32,506
Fees for Services Accounting$1,901$1,268-$3,169
Other Expenses$573--$573
Total Functional Expenses$276,521$17,521$0$294,042
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of South DakotaVermillion, SD3Funding Support$257,794
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 35% controlled entity
No
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, Page 6, Part VI, Line 11B

Form 990 is completed and presented to the trustee to review in its entirety before filing with the irs.

Form 990, Page 6, Part VI, Line 12C

A periodic review is conducted to ensure the trust operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status.

Form 990, Page 6, Part VI, Line 19

Governance policy documents and tax return are available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Edgar W Freeman Charitable Trust
EIN
41-6225766
Phone
6056654923
Address
225 CEDAR STREET PO BOX 156, YANKTON, SD 57078

Signing Officer

Name
First Dakota National Bank
Title
Trustee
Phone
6056654923
Signed
2021-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
First Dakota National Bank
Formed
1980
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Williams & Company CPA Pc
Address
614 BROADWAY, YANKTON, SD 57078
Preparer
Shauna M Kauth CPA
Phone
6056659401
Raw XML Appendix387 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ON JANUARY 2ND 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. THE TRUST WAS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS TO SUPPORT OR MAINTAIN PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0FIRST DAKOTA NATIONAL BANK
IRS990/BooksInCareOfDetail/PhoneNum06056654923
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0225 CEDAR STREET PO BOX 156
IRS990/BooksInCareOfDetail/USAddress/CityNm0YANKTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SD
IRS990/BooksInCareOfDetail/USAddress/ZIPCd057078
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt03790763
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt03790763
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt016253
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt016253
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt032506
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0257794
IRS990/CYInvestmentIncomeAmt0281644
IRS990/CYOtherExpensesAmt03742
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-12398
IRS990/CYSalariesCompEmpBnftPaidAmt032506
IRS990/CYTotalExpensesAmt0294042
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0281644
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0ON JANUARY 2ND, 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. ONE SEGMENT OF THE TRUST IS DESIGNATED TO SUPPORT OR MAINTAIN BUSINESS SCHOOL PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0276521
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt01268
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01901
IRS990/FeesForServicesAccountingGrp/TotalAmt03169
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0FIRST DAKOTA NATIONAL BANK
IRS990/Form990PartVIISectionAGrp/PersonNm1SHEILA GESTRING
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL KRUGER
IRS990/Form990PartVIISectionAGrp/PersonNm3MARY D NETTLEMAN
IRS990/Form990PartVIISectionAGrp/PersonNm4VENKY VENKATACHALAM
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt032506
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt043168
IRS990/GainOrLossGrp/SecuritiesAmt0103731
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0257794
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0257794
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0257794
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt043168
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01520035
IRS990/GrossReceiptsAmt01697948
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0134745
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0134745
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06229189
IRS990/InvestmentsPubTradedSecGrp/EOYAmt06259616
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0SD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01416304
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ON JANUARY 2ND 1980, EDGAR W. FREEMAN ESTABLISHED A CHARITABLE TRUST. THE TRUST WAS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS TO SUPPORT OR MAINTAIN PROFESSORSHIPS AT THE UNIVERSITY OF SOUTH DAKOTA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06283076
IRS990/NetAssetsOrFundBalancesEOYAmt06270678
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0146899
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0146899
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0FOREIGN TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0573
IRS990/OtherExpensesGrp/TotalAmt0573
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0FIRST DAKOTA NATIONAL BANK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0247434
IRS990/PYInvestmentIncomeAmt0602830
IRS990/PYOtherExpensesAmt05345
IRS990/PYRevenuesLessExpensesAmt0318419
IRS990/PYSalariesCompEmpBnftPaidAmt031632
IRS990/PYTotalExpensesAmt0284411
IRS990/PYTotalRevenueAmt0602830
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-12398
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02492313
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02479915
IRS990/SavingsAndTempCashInvstGrp/BOYAmt053887
IRS990/SavingsAndTempCashInvstGrp/EOYAmt011062
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/CurrentYearAmt0134746
IRS990ScheduleA/AdjustedNetIncomeGrp/AdjustedGrossIncomeGrp/PriorYearAmt0186818
IRS990ScheduleA/AdjustedNetIncomeGrp/DepreciationDepletionGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/NetSTCapitalGainAdjNetIncmGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/CurrentYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherExpensesGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/CurrentYearAmt0134746
IRS990ScheduleA/AdjustedNetIncomeGrp/OtherGrossIncomeGrp/PriorYearAmt0186818
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/CurrentYearAmt035675
IRS990ScheduleA/AdjustedNetIncomeGrp/ProductionIncomeGrp/PriorYearAmt034698
IRS990ScheduleA/AdjustedNetIncomeGrp/RecoveriesPYDistributionsGrp/PriorYearAmt00
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/CurrentYearAmt099071
IRS990ScheduleA/AdjustedNetIncomeGrp/TotalAdjustedNetIncomeGrp/PriorYearAmt0152120
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt0152120
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt0225107
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt0225107
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt0129302
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt0225107
IRS990ScheduleA/DistributionAllocationsGrp/CarryoverPYNotAppliedAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistribAppUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYDistributableAsAdjustedAmt0225107
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistrCPYAmt0225107
IRS990ScheduleA/DistributionAllocationsGrp/CyovAppliedUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/CYTotalAnnualDistributionsAmt0293469
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionAmt0293469
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovAmt091602
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr1Amt0282132
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr2Amt034577
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistributionCyovYr5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessDistriCyovToNextYrAmt0385071
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear1Amt0293469
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear2Amt091602
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear3Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriCYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/RemainingUnderdistriPYAmt00
IRS990ScheduleA/DistributionAllocationsGrp/TotalExcessDistributionCyovAmt0316709
IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYAdministrativeExpensePaidAmt035675
IRS990ScheduleA/DistributionsGrp/CYDistriAttentiveSuprtOrgAmt0257794
IRS990ScheduleA/DistributionsGrp/CYDistributableAsAdjustedAmt0225107
IRS990ScheduleA/DistributionsGrp/CYDistributionYrRt01.000000000000
IRS990ScheduleA/DistributionsGrp/CYOtherDistributionsAmt00
IRS990ScheduleA/DistributionsGrp/CYPaidAccomplishExemptPrpsAmt0257794
IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
IRS990ScheduleA/DistributionsGrp/CYTotalAnnualDistributionsAmt0293469
IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
IRS990ScheduleA/DistributionsGrp/QualifiedSetAsideAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FOUR OF THE FIVE TRUSTEES ARE EMPLOYED BY THE SUPPORTED ORGANIZATION AND THREE OF THE TRUSTEES WORK SOLEY IN THE DEPARTMENTS THAT RECEIVE FUNDS FROM THIS ORGANIZATION TO FURTHER PROFESSORSHIPS IN THOSE DEPARTMENTS. ALL DECISIONS REGARDING DISTRIBUTIONS AND INVESTMENT POLICIES ARE VOTED ON BY ALL TRUSTEES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION D, LINE 3
IRS990ScheduleA/MinimumAssetAmountGrp/AcquisitionIndebtednessGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt07455287
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt06529561
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/CurrentYearAmt032475
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyCashBalancesGrp/PriorYearAmt094461
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/CurrentYearAmt07422812
IRS990ScheduleA/MinimumAssetAmountGrp/AverageMonthlyFMVOfSecGrp/PriorYearAmt06435100
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/CurrentYearAmt0111829
IRS990ScheduleA/MinimumAssetAmountGrp/CashDeemedCharitableGrp/PriorYearAmt097943
IRS990ScheduleA/MinimumAssetAmountGrp/DiscountClaimedAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/FMVOtherNonExemptUseAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/CurrentYearAmt07343458
IRS990ScheduleA/MinimumAssetAmountGrp/NetVlNonExemptUseAssetsGrp/PriorYearAmt06431618
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/CurrentYearAmt0257021
IRS990ScheduleA/MinimumAssetAmountGrp/PctOfNetVlNonExemptUseAstGrp/PriorYearAmt0225107
IRS990ScheduleA/MinimumAssetAmountGrp/RecoveriesPYDistriMinAssetGrp/PriorYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/CurrentYearAmt07455287
IRS990ScheduleA/MinimumAssetAmountGrp/TotalFMVOfNonExemptUseAssetGrp/PriorYearAmt06529561
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/CurrentYearAmt0257021
IRS990ScheduleA/MinimumAssetAmountGrp/TotalMinimumAssetGrp/PriorYearAmt0225107
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0466018891
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0257794
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF SOUTH DAKOTA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0UNIVERSITY OF SOUTH DAKOTA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3NonFuncInd0X
IRS990ScheduleA/SupportSumAmt0257794
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0257794
IRS990ScheduleI/RecipientTable/IRCSectionDesc03
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUNDING SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF SOUTH DAKOTA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0UNIVERSITY OF SOUTH DAKOTA
IRS990ScheduleI/RecipientTable/RecipientEIN0466018891
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0414 EAST CLARK STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VERMILLION
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd057069
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EDGAR W. FREEMAN TRUST'S TRUSTEE PERIODICALLY REVIEWS THE SPECIFIED PROGRAMS AT THE UNIVERSITY OF SOUTH DAKOTA TO ENSURE PROPER USE OF GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS COMPLETED AND PRESENTED TO THE TRUSTEE TO REVIEW IN ITS ENTIRETY BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A PERIODIC REVIEW IS CONDUCTED TO ENSURE THE TRUST OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE POLICY DOCUMENTS AND TAX RETURN ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06283076
IRS990/TotalAssetsEOYAmt06270678
IRS990/TotalAssetsGrp/BOYAmt06283076
IRS990/TotalAssetsGrp/EOYAmt06270678
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017521
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0276521
IRS990/TotalFunctionalExpensesGrp/TotalAmt0294042
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06283076
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06270678
IRS990/TotalProgramServiceExpensesAmt0276521
IRS990/TotalReportableCompFromOrgAmt032506
IRS990/TotalRevenueGrp/ExclusionAmt0281644
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0281644
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06283076
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06270678
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0225 CEDAR STREET PO BOX 156
IRS990/USAddress/CityNm0YANKTON
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057078
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FIRST DAKOTA NATIONAL BANK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum06056654923
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EDGAR W FREEMAN CHARITABLE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0EDGA
ReturnHeader/Filer/EIN0416225766
ReturnHeader/Filer/PhoneNum06056654923
ReturnHeader/Filer/USAddress/AddressLine1Txt0225 CEDAR STREET PO BOX 156
ReturnHeader/Filer/USAddress/CityNm0YANKTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057078
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421377056
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAMS & COMPANY CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0614 BROADWAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0YANKTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057078
ReturnHeader/PreparerPersonGrp/PhoneNum06056659401
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHAUNA M KAUTH CPA
ReturnHeader/ReturnTs02021-06-01T17:01:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FIRST DAKOTA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0NATIONAL BANK
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.71$0.00$6.71$0.45$0.34$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.60$0.00$6.60$0.39$0.31$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.00$6.51$0.32$0.32$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$0.00$6.51$0.54$0.30$0.24
2020Detailed filing. Detailed filing data is available for this year.$6.27$0.00$6.27$0.28$0.29$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$0.00$6.28$0.60$0.28$0.32
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.96$0.00$5.96$0.39$0.28$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$0.00$5.85$0.31$0.25$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.79$0.00$5.79$0.20$0.27$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.85$0.00$5.85$0.18$0.26$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.92$0.00$5.92$0.66$0.21$0.44
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.48$0.00$5.48$0.53$0.18$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.12$0.00$5.12$0.15
2011Summary only. Only limited summary data is available for this year.$5.12$0.00$5.12$0.02$0.18$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.27$0.00$5.27$0.12