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Dow Rummel Foundation FY2022 filing

Tax-deductible

Sioux Falls, SD501(c)(3)HousingEIN 27-0860032Revenue $288K in FY2022

On file with the IRSdowrummel.com1321 W Dow Rummel St, 57104-7808 · Sioux Falls, SDTax-exempt since Nov 2010Supporting org, Type I — 509(a)(3)

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To provide support to Dow Rummel village and its residents.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $84K a year · 43% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$288K
+553% vs prior year
Spent
$26K
To programs
77%
Net assets
$905K
By yearFY2020–FY2025
Revenue
$288K
FY2022▲ +553%
Tap a bar for its year
Revenue by fiscal year
FY2020$85K
FY2021$44K
FY2022$288K
FY2023$88K
FY2024$109K
FY2025$551K
Expenses
$26K
FY2022▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$22K
FY2021$23K
FY2022$26K
FY2023$28K
FY2024$42K
FY2025$523K
Net assets
$905K
FY2022▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$605K
FY2021$743K
FY2022$905K
FY2023$950K
FY2024$1.0M
FY2025$1.2M

From the FY2022 Form 990 (year ending April 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $20K Management & general 23% · $6K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Jason Herrbodlt
President / Secretary
$0Pt VII · Sec A
Dick Corcoran
Vice President / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Roust
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dow Rummel Foundation 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

Supports residents and operations at Dow Rummel Village.

Questions for Dow Rummel Foundation

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Provided by the organization

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1 program · $20K · in their own filed words · FY2021
01

During the fiscal year ended april 30, 2022, the foundation received and invested contributions for the ultimate benefit of elderly residents of dow rummel village.

$20Kprogram 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$36K
Total grants receivedfrom 1 funder$36K
Grants paid · 5 grants · $607K · 2019–2024
Dow Rummel VillageSD · FY2024$515,285
Dow Rummel VillageSD · FY2023$35,474
Dow Rummel VillageSD · FY2021$19,791
Dow Rummel VillageSD · FY2020$18,538
Dow Rummel VillageSD · FY2019$18,145

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$288K
Ln 12
Gifts and grantsLn 1h$240K
Investment incomeLn 3$48K
Money outPt IX
$26K
Ln 25
Programscol B$20K
Managementcol C$6K
Owns and owesPt X
$905K
net assets · Ln 32
Total assetsLn 16$905K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$240K
Investment incomeLn 3$48K
Gains on assetsLn 7$32K
Total revenueLn 12$288K
Assets in detailPt X, end of year
InvestmentsLn 11–13$905K
Total assetsLn 16$905K
LiabilitiesLn 26$0
Net assetsLn 32$905K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
InvestmentsLn 11–13$597K$905K
Total assetsLn 16$743K$905K
LiabilitiesLn 26$0$0
Net assetsLn 32$743K$905K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Investment management feesLn 11f$6K$6K
Total functional expensesLn 25$26K$20K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $551K$523K$28K$1.2M 990 PDF
FY2024 $109K$42K$67K$1.0M 990 PDF
FY2023 $88K$28K$60K$950K 990 PDF
FY2022 Viewing $288K$26K$263K$905K 990 PDF
FY2021 $44K$23K$22K$743K 990 PDF
FY2020 $85K$22K$63K$605K 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 FY2022 990 (6 parts)
Part I · Summary $288,431 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,475$240,450
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $26,718$47,981
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $44,193$288,431
I-13 Grants and similar amounts paidPrior year $18,538$19,791
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 $3,985$5,750
I-18 Total expensesPrior year $22,523$25,541
I-19 Revenue less expensesPrior year $21,670$262,890
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $288,431 across 5 lines filed
VIII-1f All other contributions, gifts and grants$240,450
VIII-1h Total contributions, gifts and grants$240,450
VIII-3 Investment incomeExcluded from tax $15,559$15,559
VIII-7 Net gain or loss on sales of assetsExcluded from tax $32,422$32,422
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $47,981$288,431
Part IX · Statement of functional expenses $25,541 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $19,791$19,791
IX-11f Investment management feesManagement $5,750$5,750
IX-25 Total functional expensesPrograms $19,791 · Management $5,750 · Fundraising $0$25,541
Part X · Balance sheet $905,479 assets, 8 lines filed
X-11 Publicly traded securities$264,959
X-12 Other securitiesStart of year $597,266$640,520
X-16 Total assetsStart of year $743,015$905,479
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $145,749$264,959
X-28 Net assets with donor restrictionsStart of year $597,266$640,520
X-32 Total net assets or fund balancesStart of year $743,015$905,479
X-33 Total liabilities and net assetsStart of year $743,015$905,479
Part XI · Reconciliation of net assets $905,479 net assets at year end
XI-1 Total revenue$288,431
XI-2 Total expenses$25,541
XI-3 Revenue less expenses$262,890
XI-4 Net assets at start of year$743,015
XI-5 Net unrealized gains (losses) on investments−$100,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$905,479

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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