Crazy Horse Memorial Foundation

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Our mission is explained in sch o. In addition to the program costs included in the 990, we have invested over 49m in the mountain carving and native american art/artifacts displayed in the indian museum of north america.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 27 volunteers and 147 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 $9.5M a year · 55% 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
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $42.4M in investments, Pt X · Ln 11–13
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 26 voting members
Looks good: 23 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.2M
-3% vs prior year
Spent
$10.0M
To programs
59%
Net assets
$140.3M
By yearFY2020–FY2025
Revenue
$13.2M
FY2025▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.6M
FY2021$13.1M
FY2022$29.8M
FY2023$14.3M
FY2024$13.6M
FY2025$13.2M
Expenses
$10.0M
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.3M
FY2021$6.4M
FY2022$7.3M
FY2023$8.3M
FY2024$8.9M
FY2025$10.0M
Net assets
$140.3M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$95.1M
FY2021$102.4M
FY2022$121.4M
FY2023$128.7M
FY2024$135.9M
FY2025$140.3M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1949.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $5.9M Management & general 25% · $2.5M Fundraising 16% · $1.6M

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

34 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$231,343Pt VII · Sec A
$195,390Pt VII · Sec A
Chiefmtnoffi
$185,017Pt VII · Sec A
Chief Devel.
$178,383Pt VII · Sec A
SR Maint for
$123,341Pt VII · Sec A
Artisticadvi
$119,734Pt VII · Sec A
Mtn Supervis
$109,468Pt VII · Sec A
Sales/Mktg/T
$104,879Pt VII · Sec A

Whitney Rencountre II’s $231K as CEO is at the 23rd percentile of top reported officer pay among 749 $10–100M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Laurie Becvar——$171,495$308,467$157,848$169,052
Whitney Rencountre II$231,343$221,078$133,698———
Monique Ziolkowski$119,734$114,807$108,635$180,169$168,192$200,000
Jadwiga Ziolkowski—————$200,000
Joseph Konkol$195,390$187,479$185,408$124,154$117,345$86,557
Caleb Ziolkowski$185,017$170,342$130,552$60,941$52,264—
Mary Murtala$178,383$33,267————
Thurston Pond$123,341$109,635$102,851———

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 Crazy Horse Memorial 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Preserves and displays Native American art and artifacts, investing in mountain carving.

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1 program · $5.9M · in their own filed words · FY2024
01

The colossal mountain carving of crazy horse (tasunke witco c.1840-1877) riding his steed out of the granite of the black hills (he sapa) gesturing forward as he proclaims, "my lands are where my dead lie buried," will be approximately 641 feet long and 563 feet high when complete.

$5.9Mprogram 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 · FY2025
Total grants receivedfrom 2 funders$7K
Grants paid · 38 grants · $660K · 2019–2024
Oglala Lakota CollegeSD · FY2024$30,000
Unitemized GrantFY2024$23,249
Sitting Bull CollegeND · FY2024$10,000
Oglala Lakota CollegeSD · FY2023$42,000
Unitemized GrantFY2023$16,199
Sitting Bull CollegeND · FY2023$10,000
Oglala Lakota CollegeSD · FY2022$42,000
Sitting Bull CollegeND · FY2022$10,000
See all 38 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$13.2M
Ln 12
Gifts and grantsLn 1h$5.9M
Fees for servicesLn 2g$4.8M
Investment incomeLn 3$2.0M
Money outPt IX
$10.0M
Ln 25
Programscol B$5.9M
Managementcol C$2.5M
Fundraisingcol D$1.6M
Owns and owesPt X
$140.3M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$141.5M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
34
listed · VII A
PaidVII A11
Voting boardVI 1a26
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Noncash giftsLn 1g$604K
Fees for servicesLn 2g$4.8M
Investment incomeLn 3$2.0M
Other incomeLn 4–11$489K
Gains on assetsLn 7$458K
Total revenueLn 12$13.2M
Assets in detailPt X, end of year
CashLn 1$3.4M
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$4.4M
Pledges and grants receivableLn 3$42K
Accounts receivableLn 4$153K
Inventories for sale or useLn 8$478K
Prepaid expenses and deferred chargesLn 9$579K
Land, buildings, equipmentLn 10c$84.4M
InvestmentsLn 11–13$42.4M
Other assetsLn 15$9.1M
Total assetsLn 16$141.5M
LiabilitiesLn 26$1.2M
Net assetsLn 32$140.3M
OperationsPt I, VI
EmployeesI 5147
VolunteersI 627
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$604K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$108K
Share of the $6.8M endowmentSch D 1g1.6%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY25FY24FY23FY22FY21
End of yearLn 1g$6.8M$6.2M$5.1M$4.7M$5.1M
Given inLn 1b$17K$45K$29K$761K$30K
SpentLn 1d–1f$217K$168K$182K$170K$182K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.5M$4.4M
InvestmentsLn 11–13$43.0M$42.4M
Land, buildings, equipmentLn 10c$78.2M$84.4M
Total assetsLn 16$136.9M$141.5M
LiabilitiesLn 26$1.0M$1.2M
Net assetsLn 32$135.9M$140.3M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$139K$139K
Grants to domestic individualsLn 2$23K$23K
Pay of current officers, directors and key staffLn 5$1.2M$620K$327K$221K
Other salaries and wagesLn 7$2.8M$1.6M$618K$599K
Pension plan contributionsLn 8$85K$48K$19K$18K
Other employee benefitsLn 9$352K$195K$85K$72K
Payroll taxesLn 10$328K$185K$77K$67K
Legal feesLn 11b$196K$196K
Accounting feesLn 11c$77K$77K
Investment management feesLn 11f$108K$108K
Other fees for servicesLn 11g$598K$79K$450K$68K
Advertising and promotionLn 12$717K$468K$8K$240K
Office expensesLn 13$819K$406K$294K$119K
OccupancyLn 16$655K$577K$74K$5K
TravelLn 17$269K$97K$41K$132K
Depreciation, depletion and amortizationLn 22$974K$906K$49K$19K
InsuranceLn 23$26K$21K$5K
Other expenses (24a–d)Ln 24$655K$554K$79K$22K
All other expensesLn 24e$19K$2K$17K
Total functional expensesLn 25$10.0M$5.9M$2.5M$1.6M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 3, 2026 $13.2M$10.0M$3.2M$140.3M 990 PDF
FY2024Filed with the IRS Jan 31, 2025 $13.6M$8.9M$4.7M$135.9M 990 PDF
FY2023Filed with the IRS Jan 26, 2024 $14.3M$8.3M$6.0M$128.7M 990 PDF
FY2022Filed with the IRS Jan 26, 2023 $29.8M$7.3M$22.5M$121.4M 990 PDF
FY2021Filed with the IRS Jan 27, 2022 $13.1M$6.4M$6.7M$102.4M 990 PDF
FY2020Filed with the IRS Feb 2, 2021 $20.6M$6.3M$14.3M$95.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $13,225,546 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,123,907$5,857,407
I-9 Program service revenuePrior year $5,171,706$4,837,318
I-10 Investment incomePrior year $1,802,339$2,041,598
I-11 Other revenuePrior year $498,887$489,223
I-12 Total revenuePrior year $13,596,839$13,225,546
I-13 Grants and similar amounts paidPrior year $148,086$162,134
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,325,807$4,745,857
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,418,552$5,113,218
I-18 Total expensesPrior year $8,892,445$10,021,209
I-19 Revenue less expensesPrior year $4,704,394$3,204,337
Part VI · Governance 23 of 26 board members independent, 1 to look at
VI-1a Voting members of the governing body26
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsYes
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 $13,225,546 across 10 lines filed
Lines not itemized here account for $211,287 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$5,857,407
VIII-1g Noncash contributions (included above)$603,960
VIII-1h Total contributions, gifts and grants$5,857,407
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,837,318$4,837,318
VIII-3 Investment incomeExcluded from tax $1,583,622$1,583,622
VIII-5 RoyaltiesExcluded from tax $232,701$232,701
VIII-6 Net rental income or lossRelated to mission $32,502$32,502
VIII-7 Net gain or loss on sales of assetsExcluded from tax $457,976$457,976
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $12,733$12,733
VIII-12 Total revenueRelated to mission $4,869,820 · Excluded from tax $2,498,319$13,225,546
Part IX · Statement of functional expenses $10,021,209 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $138,885$138,885
IX-2 Grants to domestic individualsPrograms $23,249$23,249
IX-5 Pay of current officers, directors and key staffPrograms $619,500 · Management $326,706 · Fundraising $221,131$1,167,337
IX-7 Other salaries and wagesPrograms $1,595,769 · Management $618,488 · Fundraising $599,187$2,813,444
IX-8 Pension plan contributionsPrograms $47,827 · Management $18,743 · Fundraising $18,430$85,000
IX-9 Other employee benefitsPrograms $194,645 · Management $85,201 · Fundraising $72,159$352,005
IX-10 Payroll taxesPrograms $184,538 · Management $76,761 · Fundraising $66,772$328,071
IX-11b Legal feesManagement $195,758$195,758
IX-11c Accounting feesManagement $76,870$76,870
IX-11f Investment management feesManagement $108,360$108,360
IX-11g Other fees for servicesPrograms $79,330 · Management $450,252 · Fundraising $67,978$597,560
IX-12 Advertising and promotionPrograms $468,275 · Management $8,359 · Fundraising $240,202$716,836
IX-13 Office expensesPrograms $405,502 · Management $294,133 · Fundraising $119,163$818,798
IX-16 OccupancyPrograms $576,527 · Management $73,782 · Fundraising $5,179$655,488
IX-17 TravelPrograms $97,408 · Management $40,523 · Fundraising $131,515$269,446
IX-22 Depreciation, depletion and amortizationPrograms $905,975 · Management $48,708 · Fundraising $19,483$974,166
IX-23 InsurancePrograms $20,504 · Management $5,126$25,630
IX-24 Other expenses (24a–d)Programs $553,931 · Management $79,342 · Fundraising $21,558$654,831
IX-24e All other expensesPrograms $2,340 · Management $17,135$19,475
IX-25 Total functional expensesPrograms $5,914,205 · Management $2,524,247 · Fundraising $1,582,757$10,021,209
Part X · Balance sheet $141,501,841 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $3,333,562$3,375,387
X-2 Savings and temporary cash investmentsStart of year $2,195,362$1,038,817
X-3 Pledges and grants receivableStart of year $40,095$42,261
X-4 Accounts receivableStart of year $128,876$153,182
X-8 Inventories for sale or useStart of year $604,574$477,717
X-9 Prepaid expenses and deferred chargesStart of year $322,033$578,565
X-10c Land, buildings and equipment, netStart of year $78,247,025$84,369,947
X-11 Publicly traded securitiesStart of year $43,021,248$42,382,131
X-15 Other assetsStart of year $9,049,235$9,083,834
X-16 Total assetsStart of year $136,942,010$141,501,841
X-17 Accounts payable and accrued expensesStart of year $1,037,821$1,219,172
X-26 Total liabilitiesStart of year $1,037,821$1,219,172
X-27 Net assets without donor restrictionsStart of year $101,686,515$110,174,233
X-28 Net assets with donor restrictionsStart of year $34,217,674$30,108,436
X-32 Total net assets or fund balancesStart of year $135,904,189$140,282,669
X-33 Total liabilities and net assetsStart of year $136,942,010$141,501,841
Part XI · Reconciliation of net assets $140,282,669 net assets at year end
XI-1 Total revenue$13,225,546
XI-2 Total expenses$10,021,209
XI-3 Revenue less expenses$3,204,337
XI-4 Net assets at start of year$135,904,189
XI-5 Net unrealized gains (losses) on investments$1,174,143
XI-10 Net assets at end of year$140,282,669

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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