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Southeast Technical Institute Foundation FY2020 filing

Tax-deductible

Sioux Falls, SD501(c)(3)Since 1996Education EIN 36-4112897Revenue $420K in FY2020Latest return filed May 15, 2026

On file with the IRSsoutheasttech.edu/foundationSioux Falls, SDTax-exempt since Dec 1996Publicly supported charity — 170(b)(1)(A)(vi)

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The Southeast tech Foundation is committed to building a solid Foundation for tomorrow's workforce. Through community involvement, our workforce needs will be fulfilled by providing financial resources that allow our students to meet their potential.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 6
filings with a surplus
Average surplus $157K a year · 16% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $217K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$156K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
Spent
$716K
To programs
73%
Net assets
$2.0M
By yearFY2020–FY2025
Revenue
$420K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$420K
FY2021$486K
FY2022$785K
FY2023$883K
FY2024$1.3M
FY2025$2.0M
Expenses
$716K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$716K
FY2021$554K
FY2022$652K
FY2023$939K
FY2024$900K
FY2025$1.2M
Net assets
$2.0M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.2M
FY2023$2.3M
FY2024$2.8M
FY2025$3.6M

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

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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 Dec 1996.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $525K Management & general 24% · $171K Fundraising 3% · $20K

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

24 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Kari Karst
Vice Chair
$0Pt VII · Sec A
Tony Nour
Treasurer
$0Pt VII · Sec A
Bob Jarding
Past President
$0Pt VII · Sec A
Scott Reed
Se Tech Council Member
$0Pt VII · Sec A
Kira Kimball
Council Liason
$0Pt VII · Sec A
Stephen Williamson
Foundation Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Southeast Technical Institute Foundation executive salaries →

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 Southeast Technical College and its students.

Questions for Southeast Technical Institute Foundation

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Your first name shows with your question. Southeast Technical Institute Foundation answers here, for everyone.

1 program · $525K · in their own filed words · FY2019
01

Expand the pipeline of tech career students to fill more high demand jobs which will enable continued economic growth in sioux falls.

$525Kprogram 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$198K
Wells Fargo FoundationFY2024$10K
South Dakota Trucking AssociationFY2024$9K
Total grants receivedfrom 3 funders$217K
See all 3 funders →
Grants paid · 6 grants · $3.7M · 2019–2024
Southeast Technical CollegeFY2024$927,620
Southeast Technical CollegeFY2023$750,173
Southeast Technical CollegeFY2022$742,671
Southeast Technical CollegeFY2021$439,152
Southeast Technical CollegeFY2020$354,893
Southeast Technical CollegeFY2019$523,837

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$420K
Ln 12
Gifts and grantsLn 1h$412K
Investment incomeLn 3$8K
Money outPt IX
$716K
Ln 25
Programscol B$525K
Managementcol C$171K
Fundraisingcol D$20K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$649K
Total assetsLn 16$2.2M
LiabilitiesLn 26$156K
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$412K
Investment incomeLn 3$8K
Total revenueLn 12$420K
Assets in detailPt X, end of year
SavingsLn 2$649K
Cash and savings togetherLn 1–2$649K
Pledges and grants receivableLn 3$206K
Notes and loans receivableLn 7$12K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$2.2M
LiabilitiesLn 26$156K
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$721K$649K
InvestmentsLn 11–13$1.3M$1.3M
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$32K$156K
Net assetsLn 32$2.3M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$524K$524K
Investment management feesLn 11f$9K$9K
Other fees for servicesLn 11g$161K$161K
Office expensesLn 13$22K$1K$20K
Total functional expensesLn 25$716K$525K$171K$20K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $2.0M$1.2M$789K$3.6M 990 PDF
FY2024Filed with the IRS May 8, 2025 $1.3M$900K$440K$2.8M 990 PDF
FY2023Filed with the IRS Apr 25, 2024 $883K$939K−$57K$2.3M 990 PDF
FY2022Filed with the IRS May 15, 2023 $785K$652K$134K$2.2M 990 PDF
FY2021Filed with the IRS Jan 21, 2022 $486K$554K−$68K$2.3M 990 PDF
FY2020 ViewingFiled with the IRS Apr 20, 2021 $420K$716K−$296K$2.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $419,840 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $746,943$412,286
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,474$7,554
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $750,417$419,840
I-13 Grants and similar amounts paidPrior year $147,578$523,837
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 $104,784$192,440
I-18 Total expensesPrior year $252,362$716,277
I-19 Revenue less expensesPrior year $498,055−$296,437
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $419,840 across 4 lines filed
VIII-1f All other contributions, gifts and grants$412,286
VIII-1h Total contributions, gifts and grants$412,286
VIII-3 Investment incomeExcluded from tax $7,554$7,554
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,554$419,840
Part IX · Statement of functional expenses $716,277 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $523,837$523,837
IX-11f Investment management feesManagement $9,438$9,438
IX-11g Other fees for servicesManagement $161,272$161,272
IX-13 Office expensesPrograms $1,436 · Fundraising $20,294$21,730
IX-25 Total functional expensesPrograms $525,273 · Management $170,710 · Fundraising $20,294$716,277
Part X · Balance sheet $2,188,932 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $721,164$648,839
X-3 Pledges and grants receivableStart of year $242,110$205,775
X-7 Notes and loans receivableStart of year $10,831$12,070
X-12 Other securitiesStart of year $1,317,232$1,322,248
X-16 Total assetsStart of year $2,291,337$2,188,932
X-18 Grants payableStart of year $31,648$155,848
X-26 Total liabilitiesStart of year $31,648$155,848
X-27 Net assets without donor restrictionsStart of year $942,457$1,515,668
X-28 Net assets with donor restrictionsStart of year $1,317,232$517,416
X-32 Total net assets or fund balancesStart of year $2,259,689$2,033,084
X-33 Total liabilities and net assetsStart of year $2,291,337$2,188,932
Part XI · Reconciliation of net assets $2,033,084 net assets at year end
XI-1 Total revenue$419,840
XI-2 Total expenses$716,277
XI-3 Revenue less expenses−$296,437
XI-4 Net assets at start of year$2,259,689
XI-5 Net unrealized gains (losses) on investments$69,832
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,033,084

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

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