Dow Rummel Foundation EIN 27-0860032 Form 990 (PDF) Claim this org

Dow Rummel Foundation FY2023 filing

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Supports residents and operations at Dow Rummel Village. For fiscal year 2023 it reported $88K in revenue, $28K in expenses, and $950K in net assets.Pt I

Type
Supporting organization · Housing
Location
Sioux Falls, SD
Website
www.dowrummel.com
Filings
6 on file (2020–2023)
Revenue
$88KFY2023
Expenses
$28K
Net assets
$950K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  27-0860032 Supporting organization Sioux Falls, SD
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Supports residents and operations at Dow Rummel Village.
Leadership
Mary Kay Fausch · Chairman
Money in and out
$88K revenue, $28K expenses
Bottom line
+68% net inflow
Money in and out · FY2023
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$950K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $60K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Net inflow
+68%
revenue over expenses, this year
Pass-through gifts
54%
of revenue from contributions
Program spending
80%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$88K
FY2023▼ -69%
Expenses
$28K
FY2023▲ +11%
Total assets
$950K
FY2023▲ +5%
Total liabilities
$0
FY2023
Total revenue
$88K
Pt VIII · Ln 12
Total expenses
$28K
Pt IX · Ln 25
Net assets
$950K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$60K
Total assetsPt X · Ln 16$950K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDow Rummel Foundation
EINHdr · item D27-0860032
Principal addressHdr · item CSioux Falls, SD
WebsiteHdr · item Jwww.dowrummel.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L11)
Ruling yearIRS BMFNov 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
$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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Mission & Programs · Part III

Where the work happens

1 program service account for $23K of program spending, described in the organization's own filed words · FY2022.
01

During the fiscal year ended april 30, 2023, the foundation received and invested contributions for the ultimate benefit of elderly residents of dow rummel village.

$23Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$48K · 54%
Investment income$40K · 46%
Contributions & grants54%$48K
Investment income46%$40K
Total revenueLn 12$88K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$23K
Management & general20%$6K
Total functional expensesLn 25$28K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$950K
Total liabilitiesLn 26$0
Total net assetsLn 32$950K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $933K · Operating expenses/yr $28K
393.9 months
Where the money goes
Program services
Program services $23K · Total expenses $28K
80%
Management & General
Management & general $6K · Total expenses $28K
20%
Fundraising
Fundraising $0 · Total expenses $28K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $102K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $48K · Total revenue $88K
54%
Government reliance
Government grants — · Total revenue $88K
Earned-income share
Program service revenue $0 · Total revenue $88K
0%
Investment reliance
Investment income $40K · Total revenue $88K
+46%
Program self-sufficiency
Program service revenue $0 · Total expenses $28K
0%
Growth & trend
Revenue growth (YoY)
This year $88K · Prior year $288K
-69%
Net-asset trend (YoY)
End of year $950K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $88K · Expenses $28K
+68%
Liabilities-to-Assets
Total liabilities — · Total assets $950K
Net-asset ratio
Net assets $950K · Total assets $950K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $307K · Other securities (Pt X, ln 12) $626K · Total assets (Pt X, ln 16) $950K
98%
People & payroll
Highest Reported Total Compensation
Individual Mary Kay Fausch · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $28K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $28K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth -69%
Investment management fee ratio 0.6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
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

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$551K revenue · ⤓ 990 PDF
FY2024$109K revenue · ⤓ 990 PDF
FY2023$88K revenue · viewing · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$44K revenue · ⤓ 990 PDF
FY2020$85K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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