West River Foundation FY2020 filing

Tax-deductible

Sturgis, SD501(c)(3)EIN 36-3354458

To act as a vehicle to improve educational, organizational, and economic resources for schools and communities in south dakota. The foundation is committed to advancing public education, housing opportunities, community services, and economic expansion through software/hardware sales, contracted services, grant programs, housing development, and the leasing of property and equipment for the benefit of any public or non-profit education or community organization in south dakota.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$61K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
5 of 6
filings with a surplus
Average surplus $181K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$61K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $115K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
16% of total assets
Looks good: liabilities are 16% 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
$3.3M
Spent
$3.3M
To programs
89%
Net assets
$5.8M
By yearFY2020–FY2025
Revenue
$3.3M
FY2020
Revenue by fiscal year
FY2020$3.3M
FY2021$3.6M
FY2022$3.9M
FY2023$4.3M
FY2024$4.1M
FY2025$4.8M
Expenses
$3.3M
FY2020
Expenses by fiscal year
FY2020$3.3M
FY2021$3.4M
FY2022$3.7M
FY2023$4.1M
FY2024$4.1M
FY2025$4.4M
Net assets
$5.8M
FY2020
Net assets by fiscal year
FY2020$5.8M
FY2021$6.6M
FY2022$6.4M
FY2023$6.7M
FY2024$6.8M
FY2025$7.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

You’re viewing the FY2020 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 May 1985.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $2.9M Management & general 11% · $348K Fundraising 0% · $5K

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

Who runs it and what they're paid

6 people listed on the 990; $61K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$41,230Pt VII · Sec A
$4,000Pt VII · Sec A
Vice President
$4,000Pt VII · Sec A
$4,000Pt VII · Sec A
$4,000Pt VII · Sec A
Director
$4,000Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ronald Rosenboom$50,009$44,178$50,990$47,990$44,478$41,230
Donald Andersen$4,000$4,000$4,000$4,000$4,000$4,000
Tim Crawford$4,000$4,000$4,000$4,000$4,000$4,000
Shirley Halverson$4,000$4,000$4,000$4,000$4,000$4,000
William Termes$4,000$4,000$4,000$4,000$4,000$4,000
James Doolittle$4,000$4,000$4,000$4,000$4,000—
Myron Sullivan—————$4,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See West River 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 15aYes

Programs and updates

Improves South Dakota schools and communities through educational, organizational, and economic resource development.

Provided by the organization

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3 program services account for $2.9M of program spending, described in the organization's own filed words · FY2019.
01

Provide administrative services to organizations that promote education and community. Administer several educational programs and establish a small business resource center to provide education and assistance to small businesses.

$2.0Mprogram expense
02

Technology sales for educational institutions and persons with special needs

$693Kprogram expense
03

To provide space and group homes for educational facilities and persons with special needs.

$199Kprogram 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 · FY2022
Total grants receivedfrom 2 funders$115K
Grants paid · 37 grants · $872K · 2019–2024
Unitemized GrantFY2024$65,525
Unitemized GrantFY2024$11,500
Feeding South DakotaSD · FY2024$7,413
Black Hills Special Services CoopFY2024$1,000
Black Hills Special Services CoopFY2023$97,000
Unitemized GrantFY2023$68,350
Unitemized GrantFY2023$10,000
Feeding South DakotaSD · FY2023$7,729
Unitemized GrantFY2022$53,471
Black Hills Council of Local GovernmentsFY2022$10,000
Unitemized GrantFY2022$9,000
Unitemized GrantFY2022$7,373
Feeding South DakotaSD · FY2022$5,040
Black Hills Special Services CoopFY2022$5,000
Black Hills Special Services CoopFY2021$100,000
Unitemized GrantFY2021$66,550
See all 37 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$683K
Money outPt IX
$3.3M
Ln 25
Programscol B$2.9M
Managementcol C$348K
Fundraisingcol D$5K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.2M
Total assetsLn 16$6.9M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A6
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$47K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$103K
Other incomeLn 4–11$683K
Gains on assetsLn 7$2K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$943K
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$2.2M
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$128K
Total assetsLn 16$6.9M
LiabilitiesLn 26$1.1M
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$1.8M$2.2M
InvestmentsLn 11–13$2.6M$2.3M
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$6.9M$6.9M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$5.7M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$221K$221K
Grants to domestic individualsLn 2$64K$64K
Pay of current officers, directors and key staffLn 5$65K$32K$32K$2K
Other salaries and wagesLn 7$90K$63K$23K$3K
Other employee benefitsLn 9$2K$2K$344
Payroll taxesLn 10$11K$8K$3K
Management feesLn 11a$20K$20K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$23K$23K
Investment management feesLn 11f$9K$9K
Advertising and promotionLn 12$34K$653$34K
Office expensesLn 13$36K$2K$33K
OccupancyLn 16$39K$33K$6K
TravelLn 17$6K$5K$654
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$164K$102K$62K
InsuranceLn 23$65K$23K$42K
Other expenses (24a–d)Ln 24$2.4M$2.3M$69K
Total functional expensesLn 25$3.3M$2.9M$348K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.8M$4.4M$428K$7.4M 990 PDF
FY2024 $4.1M$4.1M−$49K$6.8M 990 PDF
FY2023 $4.3M$4.1M$209K$6.7M 990 PDF
FY2022 $3.9M$3.7M$216K$6.4M 990 PDF
FY2021 $3.6M$3.4M$234K$6.6M 990 PDF
FY2020 Viewing $3.3M$3.3M$50K$5.8M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $3,333,494 across 10 lines filed
VIII-1e Government grants$1,252,634
VIII-1f All other contributions, gifts and grants$58,994
VIII-1g Noncash contributions (included above)$46,994
VIII-1h Total contributions, gifts and grants$1,311,628
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,235,594$1,235,594
VIII-3 Investment incomeExcluded from tax $101,145$101,145
VIII-6 Net rental income or lossRelated to mission $678,681$678,681
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2,122$2,122
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $4,324$4,324
VIII-12 Total revenueRelated to mission $1,914,275 · Unrelated business $0 · Excluded from tax $107,591$3,333,494
Part IX · Statement of functional expenses $3,283,708 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $220,516$220,516
IX-2 Grants to domestic individualsPrograms $63,758$63,758
IX-5 Pay of current officers, directors and key staffPrograms $31,697 · Management $31,755 · Fundraising $1,502$64,954
IX-7 Other salaries and wagesPrograms $63,168 · Management $23,427 · Fundraising $2,993$89,588
IX-9 Other employee benefitsManagement $1,719 · Fundraising $344$2,063
IX-10 Payroll taxesPrograms $8,426 · Management $3,039$11,465
IX-11a Management feesPrograms $19,566$19,566
IX-11b Legal feesManagement $10,420$10,420
IX-11c Accounting feesManagement $22,703$22,703
IX-11f Investment management feesManagement $8,785$8,785
IX-12 Advertising and promotionPrograms $653 · Management $33,741$34,394
IX-13 Office expensesPrograms $2,223 · Management $33,436$35,659
IX-16 OccupancyPrograms $32,580 · Management $6,000$38,580
IX-17 TravelPrograms $4,926 · Management $654$5,580
IX-20 InterestPrograms $23,005$23,005
IX-22 Depreciation, depletion and amortizationPrograms $102,015 · Management $61,887$163,902
IX-23 InsurancePrograms $23,014 · Management $41,767$64,781
IX-24 Other expenses (24a–d)Programs $2,334,859 · Management $69,130$2,403,989
IX-25 Total functional expensesPrograms $2,930,406 · Management $348,463 · Fundraising $4,839$3,283,708
Part X · Balance sheet $6,913,215 assets, 14 lines filed
Asset lines not itemized here account for $28,787; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $962,242$942,630
X-2 Savings and temporary cash investmentsStart of year $876,540$1,281,198
X-4 Accounts receivableStart of year $311,988$348,450
X-10c Land, buildings and equipment, netStart of year $2,016,868$1,866,281
X-11 Publicly traded securitiesStart of year $2,625,706$2,318,250
X-15 Other assetsStart of year $100,453$127,619
X-16 Total assetsStart of year $6,928,184$6,913,215
X-17 Accounts payable and accrued expensesStart of year $259,356$187,867
X-19 Deferred revenueStart of year $0$3,240
X-26 Total liabilitiesStart of year $1,185,537$1,113,398
X-27 Net assets without donor restrictionsStart of year $5,680,782$5,744,045
X-28 Net assets with donor restrictionsStart of year $61,865$55,772
X-32 Total net assets or fund balancesStart of year $5,742,647$5,799,817
X-33 Total liabilities and net assetsStart of year $6,928,184$6,913,215
Part XI · Reconciliation of net assets $5,799,817 net assets at year end
XI-1 Total revenue$3,333,494
XI-2 Total expenses$3,283,708
XI-3 Revenue less expenses$49,786
XI-4 Net assets at start of year$5,742,647
XI-5 Net unrealized gains (losses) on investments$7,384
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,799,817

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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