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Dow Rummel Foundation FY2024 filing

Tax-deductible

Sioux Falls, SD501(c)(3)HousingEIN 27-0860032

To provide support to dow rummel village and its residents.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
84%
of spending
Looks good: 84% 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
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$109K
+23% vs prior year
Spent
$42K
To programs
84%
Net assets
$1.0M
By yearFY2020–FY2025
Revenue
$109K
FY2024▲ +23%
Revenue by fiscal year
FY2020$85K
FY2021$44K
FY2022$288K
FY2023$88K
FY2024$109K
FY2025$551K
Expenses
$42K
FY2024▲ +48%
Expenses by fiscal year
FY2020$22K
FY2021$23K
FY2022$26K
FY2023$28K
FY2024$42K
FY2025$523K
Net assets
$1.0M
FY2024▲ +11%
Net assets by fiscal year
FY2020$605K
FY2021$743K
FY2022$905K
FY2023$950K
FY2024$1.0M
FY2025$1.2M

From the FY2024 Form 990 (year ending April 2024) · see the original

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You’re viewing the FY2024 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

84 cents of each dollar spent went to programs.

Program services 84% · $35K Management & general 16% · $7K

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

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Mary Kay Fausch
Chairperson
$0Pt VII · Sec A
Dave Eiesland
Treasurer/Secretary
$0Pt VII · Sec A
Mike Jamison
Immediate Past Chair
$0Pt VII · Sec A
Sue Roust
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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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.

Provided by the organization

This section is blank until Dow Rummel Foundation claims this page.

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1 program service account for $35K of program spending, described in the organization's own filed words · FY2023.
01

During the fiscal year ended april 30, 2024, the foundation received and invested contributions for the ultimate benefit of elderly residents of dow rummel village.

$35Kprogram expense

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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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$109K
Ln 12
Gifts and grantsLn 1h$67K
Investment incomeLn 3$42K
Money outPt IX
$42K
Ln 25
Programscol B$35K
Managementcol C$7K
Owns and owesPt X
$1.0M
net assets · Ln 32
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Investment incomeLn 3$42K
Gains on assetsLn 7$11K
Total revenueLn 12$109K
Assets in detailPt X, end of year
InvestmentsLn 11–13$1000K
Total assetsLn 16$1.0M
LiabilitiesLn 26$0
Net assetsLn 32$1.0M
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 FY24End FY24
InvestmentsLn 11–13$933K$1000K
Total assetsLn 16$950K$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$950K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Investment management feesLn 11f$7K$7K
Total functional expensesLn 25$42K$35K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $551K$523K$28K$1.2M 990 PDF
FY2024 Viewing $109K$42K$67K$1.0M 990 PDF
FY2023 $88K$28K$60K$950K 990 PDF
FY2022 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $108,743 across 5 lines filed
VIII-1f All other contributions, gifts and grants$66,685
VIII-1h Total contributions, gifts and grants$66,685
VIII-3 Investment incomeExcluded from tax $30,634$30,634
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,424$11,424
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $42,058$108,743
Part IX · Statement of functional expenses $41,989 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $35,474$35,474
IX-11f Investment management feesManagement $6,515$6,515
IX-25 Total functional expensesPrograms $35,474 · Management $6,515 · Fundraising $0$41,989
Part X · Balance sheet $1,049,775 assets, 9 lines filed
X-3 Pledges and grants receivableStart of year $16,500$49,816
X-11 Publicly traded securitiesStart of year $307,087$339,593
X-12 Other securitiesStart of year $626,120$660,366
X-16 Total assetsStart of year $949,707$1,049,775
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $323,587$389,409
X-28 Net assets with donor restrictionsStart of year $626,120$660,366
X-32 Total net assets or fund balancesStart of year $949,707$1,049,775
X-33 Total liabilities and net assetsStart of year $949,707$1,049,775
Part XI · Reconciliation of net assets $1,049,775 net assets at year end
XI-1 Total revenue$108,743
XI-2 Total expenses$41,989
XI-3 Revenue less expenses$66,754
XI-4 Net assets at start of year$949,707
XI-5 Net unrealized gains (losses) on investments$48,918
XI-9 Other changes in net assets−$15,604
XI-10 Net assets at end of year$1,049,775

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

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