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Sculpturewalk INC

Tax-deductible

Sioux Falls, SD501(c)(3)Arts & CultureEIN 20-8535871Revenue $570K in FY2024

On file with the IRSsculpturewalksiouxfalls.com300 S Phillips Ave Ste 104, 57104-6323 · Sioux Falls, SDTax-exempt since Jul 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The organizations mission is to bring art to the people and its guiding principle is to be the highest quality most professional financially strong artist friendly year round outdoor sculpture program in the United States.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 20 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $37K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $129K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$31K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$570K
+19% vs prior year
Spent
$474K
To programs
67%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$570K
FY2024▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$401K
FY2021$385K
FY2022$450K
FY2023$478K
FY2024$570K
Expenses
$474K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$407K
FY2021$404K
FY2022$413K
FY2023$403K
FY2024$474K
Net assets
$3.1M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$2.9M
FY2022$2.9M
FY2023$3.0M
FY2024$3.1M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $318K Management & general 33% · $156K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
John Beranek
Director
$0Pt VII · Sec A
Nicole Bell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jim Mathis
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Rae Morlan
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sculpturewalk INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Showcases high-quality outdoor sculptures year-round, making art accessible to everyone.

Provided by the organization

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2 programs · $318K · in their own filed words · FY2024
01

Sculpturewalk is the largest annual exhibit of public sculptures in the world. Sculptures are typically installed in may of each year and are removed in april of the following year to make room for new incoming sculptures. Most sculptures are available for long-term lease or purchase.

$285Kprogram expense
02

Arc of dreams is a monumental stainless steel sculpture that spans across the big sioux river in the heart of downtown sioux falls, SD. The sculpture is nearly a football field's length with a 15-FOOT open gap in teh middle hovering 85 feet above the river.

$33Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Sioux Falls Area Community Foundation INCFY2024$72K
Avera HealthFY2024$47K
American Endowment FoundationFY2024$10K
Total grants receivedfrom 3 funders$129K
See all 3 funders →
Grants paid · 8 grants · $391K · 2020–2023
Unitemized GrantFY2023$102,000
Unitemized GrantFY2023$6,000
Unitemized GrantFY2022$103,000
Unitemized GrantFY2022$6,000
Unitemized GrantFY2021$96,500
Unitemized GrantFY2021$7,000
Unitemized GrantFY2020$68,500
Unitemized GrantFY2020$2,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$570K
Ln 12
Gifts and grantsLn 1h$480K
Fees for servicesLn 2g$86K
Investment incomeLn 3$4K
Money outPt IX
$474K
Ln 25
Programscol B$318K
Managementcol C$156K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$607K
Total assetsLn 16$3.1M
LiabilitiesLn 26$31K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$480K
Government grantsLn 1e$154K
Fundraising eventsLn 1c$69K
Fees for servicesLn 2g$86K
Investment incomeLn 3$4K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$607K
Cash and savings togetherLn 1–2$607K
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$3.1M
LiabilitiesLn 26$31K
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$498K$607K
Land, buildings, equipmentLn 10c$2.5M$2.4M
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$108K$31K
Net assetsLn 32$3.0M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$119K$119K
Management feesLn 11a$135K$135K
Legal feesLn 11b$2K$2K
Advertising and promotionLn 12$22K$22K
Office expensesLn 13$1K$1K
OccupancyLn 16$34K$31K$4K
TravelLn 17$27K$27K
Depreciation, depletion and amortizationLn 22$51K$51K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$66K$66K
All other expensesLn 24e$5K$3K$2K
Total functional expensesLn 25$474K$318K$156K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $570K$474K$96K$3.1M 990 PDF
FY2023 $478K$403K$75K$3.0M 990 PDF
FY2022 $450K$413K$37K$2.9M 990 PDF
FY2021 $385K$404K−$19K$2.9M 990 PDF
FY2020 $401K$407K−$6K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $569,811 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $330,907$480,463
I-9 Program service revenuePrior year $90,250$85,766
I-10 Investment incomePrior year $3,764$3,582
I-11 Other revenuePrior year $53,261$0
I-12 Total revenuePrior year $478,182$569,811
I-13 Grants and similar amounts paidPrior year $108,000$119,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $294,705$354,636
I-18 Total expensesPrior year $402,705$473,636
I-19 Revenue less expensesPrior year $75,477$96,175
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $569,811 across 8 lines filed
Lines not itemized here account for $1,976 of total revenue; see the IRS return.
VIII-1c Fundraising events$69,347
VIII-1e Government grants$154,383
VIII-1f All other contributions, gifts and grants$256,733
VIII-1h Total contributions, gifts and grants$480,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,790$83,790
VIII-3 Investment incomeRelated to mission $3,582$3,582
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $89,348 · Unrelated business $0 · Excluded from tax $0$569,811
Part IX · Statement of functional expenses $473,636 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $119,000$119,000
IX-11a Management feesManagement $135,405$135,405
IX-11b Legal feesManagement $1,791$1,791
IX-12 Advertising and promotionPrograms $22,171$22,171
IX-13 Office expensesManagement $1,157$1,157
IX-16 OccupancyPrograms $30,659 · Management $3,500$34,159
IX-17 TravelPrograms $26,634$26,634
IX-22 Depreciation, depletion and amortizationPrograms $50,599$50,599
IX-23 InsuranceManagement $11,932$11,932
IX-24 Other expenses (24a–d)Programs $66,179$66,179
IX-24e All other expensesPrograms $2,609 · Management $2,000$4,609
IX-25 Total functional expensesPrograms $317,851 · Management $155,785 · Fundraising $0$473,636
Part X · Balance sheet $3,118,880 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $498,418$606,831
X-3 Pledges and grants receivableStart of year $1,500$1,500
X-4 Accounts receivableStart of year $20,500$45,632
X-9 Prepaid expenses and deferred chargesStart of year $69,365$23,534
X-10c Land, buildings and equipment, netStart of year $2,465,689$2,433,171
X-14 Intangible assetsStart of year $8,971$8,212
X-16 Total assetsStart of year $3,085,279$3,118,880
X-17 Accounts payable and accrued expensesStart of year $49,903$31,183
X-26 Total liabilitiesStart of year $108,103$31,183
X-27 Net assets without donor restrictionsStart of year $2,977,176$3,087,697
X-32 Total net assets or fund balancesStart of year $2,977,176$3,087,697
X-33 Total liabilities and net assetsStart of year $3,085,279$3,118,880
Part XI · Reconciliation of net assets $3,087,697 net assets at year end
XI-1 Total revenue$569,811
XI-2 Total expenses$473,636
XI-3 Revenue less expenses$96,175
XI-4 Net assets at start of year$2,977,176
XI-6 Donated services and use of facilities$13,945
XI-8 Prior period adjustments$401
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,087,697

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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