West River Foundation FY2022 filing

Tax-deductible

Sturgis, SD501(c)(3)EIN 36-3354458Revenue $3.9M in FY2022

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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.
91¢ of each $1 spent went to programs.
$68K 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

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
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
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
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: 7.5 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
15% of total assets
Looks good: liabilities are 15% 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
$3.9M
+8% vs prior year
Spent
$3.7M
To programs
91%
Net assets
$6.4M
By yearFY2020–FY2025
Revenue
$3.9M
FY2022▲ +8%
Revenue by fiscal year
FY2020$3.3M
FY2021$3.6M
FY2022$3.9M
FY2023$4.3M
FY2024$4.1M
FY2025$4.8M
Expenses
$3.7M
FY2022▲ +10%
Expenses by fiscal year
FY2020$3.3M
FY2021$3.4M
FY2022$3.7M
FY2023$4.1M
FY2024$4.1M
FY2025$4.4M
Net assets
$6.4M
FY2022▼ -2%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
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 May 1985.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $3.4M Management & general 9% · $333K Fundraising 0% · $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

6 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$47,990Pt 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
$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 programs · $3.4M · in their own filed words · FY2021
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.

$2.2Mprogram expense
02

Technology sales for educational institutions and persons with special needs

$922Kprogram expense
03

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

$250Kprogram 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 · 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$1.5M
Other incomeLn 4–11$737K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.4M
Managementcol C$333K
Fundraisingcol D$6K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$7.6M
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$1.5M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$122K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$156K
Other incomeLn 4–11$737K
Gains on assetsLn 7$19K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$878K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$2.8M
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$0
Total assetsLn 16$7.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$6.4M
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 FY22End FY22
Cash and savingsLn 1–2$2.0M$2.3M
InvestmentsLn 11–13$3.4M$2.8M
Land, buildings, equipmentLn 10c$1.9M$2.0M
Total assetsLn 16$7.7M$7.6M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$6.6M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$278K$278K
Grants to domestic individualsLn 2$112K$112K
Pay of current officers, directors and key staffLn 5$71K$42K$27K$2K
Other salaries and wagesLn 7$92K$76K$12K$3K
Other employee benefitsLn 9$3K$2K$90
Payroll taxesLn 10$12K$10K$1K$385
Management feesLn 11a$43K$43K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$12K$12K
Advertising and promotionLn 12$15K$15K
Office expensesLn 13$55K$546$55K
OccupancyLn 16$39K$33K$6K
TravelLn 17$5K$4K$791
InterestLn 20$22K$22K
Depreciation, depletion and amortizationLn 22$216K$143K$73K
InsuranceLn 23$69K$22K$47K
Other expenses (24a–d)Ln 24$2.6M$2.6M$44K
All other expensesLn 24e$798$683$115
Total functional expensesLn 25$3.7M$3.4M$333K$6K

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 Viewing $3.9M$3.7M$216K$6.4M 990 PDF
FY2021 $3.6M$3.4M$234K$6.6M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $3,921,124 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,280,908$1,527,223
I-9 Program service revenuePrior year $1,286,452$1,501,192
I-10 Investment incomePrior year $220,344$155,889
I-11 Other revenuePrior year $829,307$736,820
I-12 Total revenuePrior year $3,617,011$3,921,124
I-13 Grants and similar amounts paidPrior year $298,583$389,825
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $173,916$177,430
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,910,018$3,138,053
I-18 Total expensesPrior year $3,382,517$3,705,308
I-19 Revenue less expensesPrior year $234,494$215,816
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,921,124 across 10 lines filed
VIII-1e Government grants$1,278,092
VIII-1f All other contributions, gifts and grants$249,131
VIII-1g Noncash contributions (included above)$122,130
VIII-1h Total contributions, gifts and grants$1,527,223
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,501,192$1,501,192
VIII-3 Investment incomeExcluded from tax $137,175$137,175
VIII-6 Net rental income or lossRelated to mission $673,698$673,698
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,714$18,714
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $63,122$63,122
VIII-12 Total revenueRelated to mission $2,174,890 · Unrelated business $0 · Excluded from tax $219,011$3,921,124
Part IX · Statement of functional expenses $3,705,308 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $277,914$277,914
IX-2 Grants to domestic individualsPrograms $111,911$111,911
IX-5 Pay of current officers, directors and key staffPrograms $42,494 · Management $26,698 · Fundraising $1,798$70,990
IX-7 Other salaries and wagesPrograms $76,346 · Management $12,035 · Fundraising $3,229$91,610
IX-9 Other employee benefitsManagement $2,475 · Fundraising $90$2,565
IX-10 Payroll taxesPrograms $10,447 · Management $1,433 · Fundraising $385$12,265
IX-11a Management feesPrograms $42,584$42,584
IX-11b Legal feesManagement $10,224$10,224
IX-11c Accounting feesManagement $27,145$27,145
IX-11f Investment management feesManagement $11,837$11,837
IX-12 Advertising and promotionManagement $14,913$14,913
IX-13 Office expensesPrograms $546 · Management $54,659$55,205
IX-16 OccupancyPrograms $33,435 · Management $6,000$39,435
IX-17 TravelPrograms $4,441 · Management $791$5,232
IX-20 InterestPrograms $22,437$22,437
IX-22 Depreciation, depletion and amortizationPrograms $143,099 · Management $72,796$215,895
IX-23 InsurancePrograms $21,560 · Management $47,029$68,589
IX-24 Other expenses (24a–d)Programs $2,579,287 · Management $44,472$2,623,759
IX-24e All other expensesPrograms $683 · Management $115$798
IX-25 Total functional expensesPrograms $3,367,184 · Management $332,622 · Fundraising $5,502$3,705,308
Part X · Balance sheet $7,568,333 assets, 14 lines filed
Asset lines not itemized here account for $39,996; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $932,743$878,337
X-2 Savings and temporary cash investmentsStart of year $1,024,055$1,425,168
X-4 Accounts receivableStart of year $463,879$458,298
X-10c Land, buildings and equipment, netStart of year $1,872,041$1,973,837
X-11 Publicly traded securitiesStart of year $3,413,420$2,792,697
X-15 Other assetsStart of year $17,154$0
X-16 Total assetsStart of year $7,747,686$7,568,333
X-17 Accounts payable and accrued expensesStart of year $246,186$260,662
X-19 Deferred revenueStart of year $3,240$0
X-26 Total liabilitiesStart of year $1,165,055$1,143,710
X-27 Net assets without donor restrictionsStart of year $6,531,624$6,398,633
X-28 Net assets with donor restrictionsStart of year $51,007$25,990
X-32 Total net assets or fund balancesStart of year $6,582,631$6,424,623
X-33 Total liabilities and net assetsStart of year $7,747,686$7,568,333
Part XI · Reconciliation of net assets $6,424,623 net assets at year end
XI-1 Total revenue$3,921,124
XI-2 Total expenses$3,705,308
XI-3 Revenue less expenses$215,816
XI-4 Net assets at start of year$6,582,631
XI-5 Net unrealized gains (losses) on investments−$379,205
XI-6 Donated services and use of facilities$5,381
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,424,623

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

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