Civic Intelligence

Milbank Community Foundation

990 • Fiscal year 2013 • EIN 46-0427565

Jan 01, 2013 to Dec 31, 2013 • Filed on Oct 15, 2014

Organization ProfileWWW.MILBANKCF.ORG

View Organization Page

904 East 4th Avenue57252

(605) 432-9000

Siviq Scores

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

Liabilities / Assets

46th percentile

0.09x

Higher debt load relative to assets than 46% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

69th percentile

0.31x

Higher debt load relative to revenue than 69% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

75th percentile

17%

Higher net margin than 75% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$46,772

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 5.3% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

43rd percentile

0.3%

Faster asset growth than 43% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets46th percentile

Assets

Up

$2,979,698

Up $10,300 (+0.3%) from 2012

Net Assets

Up

$2,702,218

Up $154,335 (+6.1%) from 2012

Liabilities

Down

$277,480

Down $144,035 (-34%) from 2012

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin75th percentile

Revenue

$885,411

No earlier filing loaded for comparison.

Expenses

Down

$731,076

Down $1,138,913 (-61%) from 2012

Net Income

$154,335

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $19,205,269Liabilities 2010: $10,266,919Net Assets 2010: $8,938,3502010Assets 2011: $9,530,635Liabilities 2011: $5,966,696Net Assets 2011: $3,563,9392011Assets 2012: $2,969,398Liabilities 2012: $421,515Net Assets 2012: $2,547,8832012Assets 2013: $2,979,698Liabilities 2013: $277,480Net Assets 2013: $2,702,2182013Assets 2014: $3,076,848Liabilities 2014: $283,028Net Assets 2014: $2,793,8202014Assets 2015: $3,279,934Liabilities 2015: $278,330Net Assets 2015: $3,001,6042015Assets 2016: $3,321,414Liabilities 2016: $271,443Net Assets 2016: $3,049,9712016Assets 2017: $3,334,711Liabilities 2017: $186,724Net Assets 2017: $3,147,9872017Assets 2018: $3,254,859Liabilities 2018: $201,171Net Assets 2018: $3,053,6882018Assets 2019: $3,234,113Liabilities 2019: $214,002Net Assets 2019: $3,020,1112019Assets 2020: $1,419,303Liabilities 2020: $245,513Net Assets 2020: $1,173,7902020Assets 2021: $1,435,565Liabilities 2021: $191,561Net Assets 2021: $1,244,0042021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2013

Assets$2,979,698
Liabilities$277,480
Net Assets$2,702,218
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,830,1912010Expenses 2011: $14,418,6862011Expenses 2012: $1,869,9892012Revenue 2013: $885,411Expenses 2013: $731,076Net Income 2013: $154,3352013Revenue 2014: $879,050Expenses 2014: $787,448Net Income 2014: $91,6022014Revenue 2015: $1,009,897Expenses 2015: $800,930Net Income 2015: $208,9672015Revenue 2016: $911,655Expenses 2016: $874,718Net Income 2016: $36,9372016Revenue 2017: $822,194Expenses 2017: $842,645Net Income 2017: -$20,4512017Revenue 2018: $850,908Expenses 2018: $909,191Net Income 2018: -$58,2832018Revenue 2019: $781,685Expenses 2019: $853,199Net Income 2019: -$71,5142019Revenue 2020: -$1,001,094Expenses 2020: $850,847Net Income 2020: -$1,851,9412020Revenue 2021: $797,652Expenses 2021: $739,024Net Income 2021: $58,6282021Revenue 2022: $208,053Expenses 2022: $790,265Net Income 2022: -$582,2122022

Highlighted filing

2013

Revenue$885,411
Expenses$731,076
Net Income$154,335
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Oct 15, 2014
Return Version
2013v3.0
Gross Receipts
$888,568
Mission and Program Overview

Mission

The mission of the milbank community foundation is to provide the opportunity for philanthropic investment in our community; demonstrate leadership in the areas of education, social & economic development; & promote the quality of life to the residents of the milbank area.

Charitable and benevolent purposes for the benefit of the residents of milbank, south dakota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,072,440$2,063,177▼ $9,263
Investments Other Securities$787,500$787,500→ $0
Savings and Temporary Cash Investments$65,711$88,349▲ $22,638
Pledges and Grants Receivable$43,747$40,672▼ $3,075
Total Assets$2,969,398$2,979,698▲ $10,300
Liabilities
Unsecured Notes Loans Payable$150,000--
Grants Payable$149,250$145,540▼ $3,710
Deferred Revenue$80,387$87,912▲ $7,525
Accounts Payable and Accrued Expenses$41,878$44,028▲ $2,150
Total Liabilities$421,515$277,480▼ $144,035
Net Assets / Fund Balance
Unrestricted Net Assets$1,709,906$2,074,460▲ $364,554
Temporarily Rstr Net Assets$837,977$627,758▼ $210,219
Total Net Assets Fund Balance$2,547,883$2,702,218▲ $154,335
Total Liabilities and Net Assets / Fund Balance$2,969,398$2,979,698▲ $10,300

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,933,310$1,223,211$3,156,521
Equipment$129,867$318,243$448,110
Other Securities$787,500--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig WellnitzFinance DirectorFT$42,694$4,078$46,772

Board Members and Trustees

NameTitle
William SchunemanPast President
Mark LeddyPresident
Gary LindemanVice President
Doug StengelDirector
Greg ThomasDirector
Gwen BiersbachDirector
Jeff JonesDirector
Richard LentzDirector
Russ FischerDirector
Tana MundwilerDirector
Chuck MonsonDirector (thru August 2013)
Mark BierschbachSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$332,917
Program Service Revenue
$328,569
Investment Income
$50,282
Other Revenue
$173,643
All Other Contributions
$332,917
Change in Net Assets
$154,335

Audited Revenue Reconciliation

Revenue per Audited Statements
$885,411
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$885,411
Total Revenue per Form 990
$885,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$343,264
Salaries, Compensation, and Employee Benefits$256,188
Grants and Similar Amounts Paid$131,624
Total Fundraising Expense$33,656
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,432--$172,432
Grants to Domestic Orgs$120,624--$120,624
Depreciation Depletion$109,107--$109,107
Occupancy$77,510$3,624-$81,134
Current Officers, Directors, Trustees, and Key Employees$23,750$23,022-$46,772
Fees for Services Other$27,230$7,057-$34,287
Other Expenses--$33,656$33,656
Insurance$12,377$18,215-$30,592
Office Expenses$20,773$3,658-$24,431
All Other Expenses$20,135$907-$21,042
Other Employee Benefits$18,130--$18,130
Payroll Taxes$12,220$1,951-$14,171
Grants to Domestic Individuals$11,000--$11,000
Advertising$5,552$1,209-$6,761
Pension Plan Contributions$4,683--$4,683
Travel$1,791$296-$2,087
Interest$167--$167
Total Functional Expenses$637,481$59,939$33,656$731,076

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$731,076
Total Expenses per Audited Statements$731,076
Total Expenses per Form 990$731,076
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
46-0427565-501(c)(3)Medical/human Service$34,000
46-0427565-501(c)(3)Medical/human Service$25,000
46-0427565-501(c)(3)Medical/human Service$14,000
46-6001632-501(c)(3)Youth Development$10,000
20-8783287-501(c)(3)Youth Development$9,500
46-0421111-501(c)(3)Medical/human Service$6,000
46-6014918-501(c)(3)Youth Development$5,750
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
Audit committee
Yes
Backup withholding compliance
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
Yes
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 1

“The executive board shall be composed of the past chair, the chair, the vice chair, the secretary and treasurer. The duties of the executive board are to develop and monitor policies which manage the affairs of the foundation. The executive board shall meet at least four times per year at the call of the chair.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the executive board members and finance director. A copy is provided to the board of directors prior to filing with the irs.”

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

“Board members and all staff are required to complete a conflict of interest document on an annual basis. Any potential conflicts are reviewed by the board chair. If an individual has a conflict they must remove themselves from discussions and voting.”

Form 990, Part VI, Section B, Line 15B

“The president of the organization is not compensated. Approximately every two years, salaries are compared to data provided by the state for similar positions of the finance director and other highly compensated employees. The information is provided to the board, which reviews the compensation and any additional information they feel is needed prior to approving the arrangement. This process last took place in 2013.”

Form 990, Part VI, Section C, Line 19

“A summarized financial statement is made available to the public through the annual report distributed at the annual meeting.”

FORM 990, PART VII:

“The organization did not list a top management official. The executive committee of the board makes all management decisions for the organization.”

Filing and Contact Details

Filer

EIN
46-0427565
Phone
6054329000

Signing Officer

Name
Mark Leddy
Title
Chair
Phone
6054329000
Signed
2014-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Leddy
Formed
1993
Legal Domicile
Sd
Voting Board Members
11
Independent Board Members
11
Employees
42
Volunteers
82

Preparer

Preparer
Sarah Vogt CPA
Phone
6122536500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is organized as a south dakota nonprofit corporation and has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501(a) of the internal revenue code as organizations described in section 501(c)(3). The foundation is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the foundation is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The foundation has determined it is not subject to unrelated business income tax and has not filed and exempt organization business income tax return (form 990-t) with the irs. The foundation believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The foundation would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR (THRU AUGUST 2013)
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IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE MILBANK COMMUNITY FOUNDATION IS TO PROVIDE THE OPPORTUNITY FOR PHILANTHROPIC INVESTMENT IN OUR COMMUNITY; DEMONSTRATE LEADERSHIP IN THE AREAS OF EDUCATION, SOCIAL & ECONOMIC DEVELOPMENT; & PROMOTE THE QUALITY OF LIFE TO THE RESIDENTS OF MILBANK AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-3157
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt023643
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03624
IRS990/OccupancyGrp/ProgramServicesAmt077510
IRS990/OccupancyGrp/TotalAmt081134
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03658
IRS990/OfficeExpensesGrp/ProgramServicesAmt020773
IRS990/OfficeExpensesGrp/TotalAmt024431
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt018130
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018130
IRS990/OtherExpensesGrp/Desc0COMBINED APPEAL
IRS990/OtherExpensesGrp/FundraisingAmt033656
IRS990/OtherExpensesGrp/TotalAmt033656
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0FORGIVENESS OF DEBT
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0150000
IRS990/OtherRevenueTotalAmt0150000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0172432
IRS990/OtherSalariesAndWagesGrp/TotalAmt0172432
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01951
IRS990/PayrollTaxesGrp/ProgramServicesAmt012220
IRS990/PayrollTaxesGrp/TotalAmt014171
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04683
IRS990/PensionPlanContributionsGrp/TotalAmt04683
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt043747
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt040672
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARK LEDDY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES & ASSESS.
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0295296
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt133273
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0295296
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt133273
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0295458
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt077768
IRS990/PYInvestmentIncomeAmt062340
IRS990/PYOtherExpensesAmt01646226
IRS990/PYOtherRevenueAmt0182610
IRS990/PYProgramServiceRevenueAmt0313525
IRS990/PYRevenuesLessExpensesAmt0-1016056
IRS990/PYSalariesCompEmpBnftPaidAmt0145995
IRS990/PYTotalExpensesAmt01869989
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0853933
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0154335
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt023643
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0478569
IRS990/SavingsAndTempCashInvstGrp/BOYAmt065711
IRS990/SavingsAndTempCashInvstGrp/EOYAmt088349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0332917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0295458
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0352066
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0541052
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01029273
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02550766
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt077082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt083700
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0103649
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0114621
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0103422
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0482474
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt024446803
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45620
IRS990ScheduleA/PublicSupportPY170Pct00.53300
IRS990ScheduleA/PublicSupportTotal170Amt01383748
IRS990ScheduleA/SubstantialContributorsTotAmt01167018
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0332917
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0295458
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0352066
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0541052
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01029273
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02550766
IRS990ScheduleA/TotalSupportAmt03033240
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/BuildingsGrp/BookValueAmt01933310
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01223211
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03156521
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt029272
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt011000
IRS990ScheduleD/DonorAdvisedFundsHeldCnt05
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0214948
IRS990ScheduleD/EquipmentGrp/BookValueAmt0129867
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0318243
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0448110
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0731076
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsContriAmt070790
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt00
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt03
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt0387780
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0787500
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PREFERRED STOCK - VALLEY QUEEN CHEESE FACTORY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0885411
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS ORGANIZED AS A SOUTH DAKOTA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3). THE FOUNDATION IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FOUNDATION IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT PURPOSES. THE FOUNDATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AND EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02063177
IRS990ScheduleD/TotalBookValueSecuritiesAmt0787500
IRS990ScheduleD/TotalExpensesPerForm990Amt0731076
IRS990ScheduleD/TotalRevenuePerForm990Amt0885411
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0885411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0731076
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt19500
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/CashGrantAmt334000
IRS990ScheduleI/RecipientTable/CashGrantAmt46000
IRS990ScheduleI/RecipientTable/CashGrantAmt55750
IRS990ScheduleI/RecipientTable/CashGrantAmt614000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,979,698
Liabilities
$277,480
Net assets
$2,702,218
Revenue
$885,411
Expenses
$731,076
Net income
$154,335
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.21$0.79$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.19$1.24$0.80$0.74$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.25$1.17$1.00$0.85$1.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.23$0.21$3.02$0.78$0.85$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.25$0.20$3.05$0.85$0.91$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.19$3.15$0.82$0.84$0.02
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.27$3.05$0.91$0.87$0.04
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.28$3.00$1.01$0.80$0.21
2014Detailed filing. Detailed filing data is available for this year.$3.08$0.28$2.79$0.88$0.79$0.09
2013Detailed filing. Detailed filing data is available for this year.$2.98$0.28$2.70$0.89$0.73$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.42$2.55$1.87
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.53$5.97$3.56$14.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$10.3$8.94$10.8