Civic Intelligence

Milbank Community Foundation

990 • Fiscal year 2017 • EIN 46-0427565

Jan 01, 2017 to Dec 31, 2017 • Filed on Sep 17, 2018

Organization ProfileWWW.MILBANKCF.ORG

View Organization Page

904 East 4th AvenueMilbank, SD 57252

(605) 432-9000

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.06x

Higher debt load relative to assets than 43% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.23x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

32nd percentile

-2.5%

Higher net margin than 32% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$52,582

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

40th percentile

0.4%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-9.8%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Up

$3,334,711

Up $13,297 (+0.4%) from 2016

Net Assets

Up

$3,147,987

Up $98,016 (+3.2%) from 2016

Liabilities

Down

$186,724

Down $84,719 (-31%) from 2016

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin32nd percentile

Revenue

Down

$822,194

Down $89,461 (-9.8%) from 2016

Expenses

Down

$842,645

Down $32,073 (-3.7%) from 2016

Net Income

Down

-$20,451

Down $57,388 (-155%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2017

Assets$3,334,711
Liabilities$186,724
Net Assets$3,147,987
Open 2017 Filing

Operations Trend

Revenue Growth20th percentile

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

2017

Revenue$822,194
Expenses$842,645
Net Income-$20,451
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Sep 17, 2018
Return Version
2017v2.3
Gross Receipts
$859,720
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$1,860,981$1,834,765▼ $26,216
Investments Other Securities$923,000$923,000→ $0
Investments in Publicly Traded Securities$277,134$291,153▲ $14,019
Savings and Temporary Cash Investments$227,239$255,247▲ $28,008
Pledges and Grants Receivable$33,060$30,546▼ $2,514
Total Assets$3,321,414$3,334,711▲ $13,297
Liabilities
Deferred Revenue$73,118$73,850▲ $732
Grants Payable$155,300$66,247▼ $89,053
Accounts Payable and Accrued Expenses$43,025$46,627▲ $3,602
Total Liabilities$271,443$186,724▼ $84,719
Net Assets / Fund Balance
Unrestricted Net Assets$2,067,339$2,324,701▲ $257,362
Temporarily Rstr Net Assets$982,632$823,286▼ $159,346
Total Net Assets Fund Balance$3,049,971$3,147,987▲ $98,016
Total Liabilities and Net Assets / Fund Balance$3,321,414$3,334,711▲ $13,297

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,611,082$1,568,347$3,179,429
Equipment$223,683$325,044$548,727
Other Securities$923,000--
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig WellnitzFinance DirectorFT$46,700$5,882$52,582

Board Members and Trustees

NameTitle
William SchunemanPast President
Mark LeddyPresident
Gary LindemanVice President Until Sept 2017
Doug StengelDirector
Greg ThomasDirector
Jeff JonesDirector
Richard LentzDirector
Tana MundwilerDirector
Mark BierschbachSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$330,931
Program Service Revenue
$385,640
Investment Income
$81,341
Other Revenue
$24,282
All Other Contributions
$330,931
Change in Net Assets
$-20,451

Audited Revenue Reconciliation

Revenue per Audited Statements
$822,194
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$21,167
Total Revenue per Audited Statements
$843,361
Total Revenue per Form 990
$822,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$331,414
Other Expenses$323,114
Grants and Similar Amounts Paid$188,117
Total Fundraising Expense$37,476
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$227,817$575-$228,392
Grants to Domestic Orgs$167,117--$167,117
Depreciation Depletion$124,490$994-$125,484
Occupancy$78,499$643-$79,142
Current Officers, Directors, Trustees, and Key Employees$7,887$24,188$20,507$52,582
Fees for Services Other$28,937$1,616-$30,553
All Other Expenses$26,049$1,869-$27,918
Other Employee Benefits$23,660$3,523-$27,183
Office Expenses$19,151$2,930-$22,081
Grants to Domestic Individuals$21,000--$21,000
Payroll Taxes$14,293$2,910-$17,203
Other Expenses--$16,969$16,969
Insurance$11,577$2,276-$13,853
Pension Plan Contributions$6,054--$6,054
Advertising$4,161$1,272-$5,433
Travel$1,513$168-$1,681
Total Functional Expenses$762,205$42,964$37,476$842,645

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$842,645
Total Expenses per Audited Statements$842,645
Total Expenses per Form 990$842,645
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central United Methodist ChurchMilbank, SD501(c)(3)Medical/human Service$35,000
Lions Swim TeamMilbank, SD501(c)(3)Youth Development$17,000
Milbank Ball Diamond AssociationMilbank, SD501(c)(3)Youth Development$12,000
Milbank Summer Rec ProgramsMilbank, SD501(c)(3)Youth Development$10,000
Milbank Out of School TimeMilbank, SD501(c)(3)Youth Development$7,000
Imagination LibraryMilbank, SD501(c)(3)Youth Development$6,800
Milbank Community TransitMilbank, SD501(c)(3)Medical/human Service$6,000
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 comprised 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 11B

“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 management 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 2017.”

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

Filer Name
Milbank Community Foundation
EIN
46-0427565
Phone
6054329000
Address
904 EAST 4TH AVENUE, MILBANK, SD 57252

Signing Officer

Name
Mark Leddy
Title
President
Phone
6054329000
Signed
2018-09-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Leddy
Formed
1993
Legal Domicile
Sd
Voting Board Members
8
Independent Board Members
8
Employees
45
Volunteers
87

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
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 an 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 and liabilities in income tax expense if such interest and penalties are incurred.”

Raw XML AppendixShowing 400 of 533 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/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT UNTIL SEPT 2017
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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 THE MILBANK AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03049971
IRS990/NetAssetsOrFundBalancesEOYAmt03147987
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt08122
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt08122
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt024282
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt024282
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt021167
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0643
IRS990/OccupancyGrp/ProgramServicesAmt078499
IRS990/OccupancyGrp/TotalAmt079142
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02930
IRS990/OfficeExpensesGrp/ProgramServicesAmt019151
IRS990/OfficeExpensesGrp/TotalAmt022081
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03523
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt023660
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027183
IRS990/OtherExpensesGrp/Desc0COMBINED APPEAL
IRS990/OtherExpensesGrp/FundraisingAmt016969
IRS990/OtherExpensesGrp/TotalAmt016969
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0575
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0227817
IRS990/OtherSalariesAndWagesGrp/TotalAmt0228392
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02910
IRS990/PayrollTaxesGrp/ProgramServicesAmt014293
IRS990/PayrollTaxesGrp/TotalAmt017203
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06054
IRS990/PensionPlanContributionsGrp/TotalAmt06054
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt033060
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt030546
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MARK LEDDY
IRS990/PriorPeriodAdjustmentsAmt097300
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER DUES & ASSESS.
IRS990/ProgramServiceRevenueGrp/Desc1OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0356188
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt129452
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0356188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt129452
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0443349
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0244523
IRS990/PYInvestmentIncomeAmt060625
IRS990/PYOtherExpensesAmt0301868
IRS990/PYOtherRevenueAmt024738
IRS990/PYProgramServiceRevenueAmt0382943
IRS990/PYRevenuesLessExpensesAmt036937
IRS990/PYSalariesCompEmpBnftPaidAmt0328327
IRS990/PYTotalExpensesAmt0874718
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0911655
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-20451
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt024282
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0385640
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0227239
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0255247
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0330931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0443349
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0547871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0446252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0332917
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02101320
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0105623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt093913
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt084059
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt074531
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt077082
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0435208
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01982186
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.59600
IRS990ScheduleA/PublicSupportPY170Pct00.56900
IRS990ScheduleA/PublicSupportTotal170Amt01511653
IRS990ScheduleA/SubstantialContributorsTotAmt0589667
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0330931
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0443349
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0547871
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0446252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0332917
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02101320
IRS990ScheduleA/TotalSupportAmt02536528
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01611082
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01568347
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03179429
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/DonorAdvisedFundsContriAmt06750
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt056000
IRS990ScheduleD/DonorAdvisedFundsHeldCnt09
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0433632
IRS990ScheduleD/EquipmentGrp/BookValueAmt0223683
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0325044
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0548727
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0842645
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsContriAmt0323974
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt0242913
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt08
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt0389654
IRS990ScheduleD/NetUnrealizedGainsInvstAmt021167
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0923000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0PREFERRED STOCK - VALLEY QUEEN CHEESE FACTORY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedAmt021167
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0822194
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 AN 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 AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01834765
IRS990ScheduleD/TotalBookValueSecuritiesAmt0923000
IRS990ScheduleD/TotalExpensesPerForm990Amt0842645
IRS990ScheduleD/TotalRevenuePerForm990Amt0822194
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0843361
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0842645
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt021000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt019
IRS990ScheduleI/RecipientTable/CashGrantAmt012000
IRS990ScheduleI/RecipientTable/CashGrantAmt17000
IRS990ScheduleI/RecipientTable/CashGrantAmt26000
IRS990ScheduleI/RecipientTable/CashGrantAmt36800
IRS990ScheduleI/RecipientTable/CashGrantAmt410000
IRS990ScheduleI/RecipientTable/CashGrantAmt535000
IRS990ScheduleI/RecipientTable/CashGrantAmt617000
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)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0YOUTH DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1YOUTH DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MEDICAL/HUMAN SERVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3YOUTH DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4YOUTH DEVELOPMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5MEDICAL/HUMAN SERVICE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6YOUTH DEVELOPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MILBANK BALL DIAMOND ASSOCIATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1MILBANK OUT OF SCHOOL TIME
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MILBANK COMMUNITY TRANSIT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3IMAGINATION LIBRARY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4MILBANK SUMMER REC PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CENTRAL UNITED METHODIST CHURCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6LIONS SWIM TEAM
IRS990ScheduleI/RecipientTable/RecipientEIN0208783287
IRS990ScheduleI/RecipientTable/RecipientEIN1466001632
IRS990ScheduleI/RecipientTable/RecipientEIN2460421111
IRS990ScheduleI/RecipientTable/RecipientEIN3466014918
IRS990ScheduleI/RecipientTable/RecipientEIN4460427565
IRS990ScheduleI/RecipientTable/RecipientEIN5460247337
IRS990ScheduleI/RecipientTable/RecipientEIN6460403805
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0303 SOUTH VIOLA STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt14100 10TH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 406-511
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3PO BOX 550
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4904 EAST 4TH AVENUE

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,334,711
Liabilities
$186,724
Net assets
$3,147,987
Revenue
$822,194
Expenses
$842,645
Net income
-$20,451
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
2017Detailed filing. Detailed filing data is available for this year.$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
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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