Brookings Foundation FY2025 filing

Tax-deductible

Brookings, SD501(c)(3)Since 1977Foundations & GrantmakersEIN 46-0342366Revenue $215K in FY2025

On file with the IRSPo Box 382, 57006-0382 · Brookings, SDTax-exempt since Aug 1977Publicly supported charity — 170(b)(1)(A)(vi)

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Provide assistance to meet needs in Brookings, South Dakota through twenty-two separate funds, which consist primarily of donor designated funds.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$7K 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

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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $264K a year · 40% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$7K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 35.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $44K
Looks good: 3 funders name it on their filings; 3 or more.
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
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
+9% vs prior year
Spent
$136K
To programs
79%
Net assets
$2.1M
By yearFY2021–FY2026
Revenue
$215K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$786K
FY2022$841K
FY2023$592K
FY2024$197K
FY2025$215K
FY2026$1.3M
Expenses
$136K
FY2025▼ -88%
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$266K
FY2023$388K
FY2024$1.1M
FY2025$136K
FY2026$137K
Net assets
$2.1M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.2M
FY2022$2.7M
FY2023$2.8M
FY2024$2.0M
FY2025$2.1M
FY2026$3.4M

From the FY2025 Form 990 (year ending March 2025) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2025 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Aug 1977.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $107K Management & general 21% · $29K

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

7 people listed on the 990; $7K 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
Director, Treasurer
$6,600Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Kurt Osborne’s $7K as Director, Treasurer is at the 7th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2026FY2025FY2024FY2023FY2022FY2021
Kurt Osborne$6,600$6,600$6,600$6,600$7,700$6,600

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 Brookings 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

Helps Brookings residents meet needs through sixteen dedicated funds.

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Provided by the organization

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3 programs · $86K · in their own filed words · FY2024
01

The Special Assistance Fund provided financial assistance, including utilities and rent and other amounts of financial assistance to community members in need.

$33Kprogram expense
02

The Larson Charitable Fund provided Financial Assistance to the My Neighbor Fund, a Fund which provides financial assistance to individuals in crisis and who are not served by public assistance.

$31Kprogram expense
03

A Fund entitled Her Turn provides sports camp scholarships to eligible girls.

$22Kprogram 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
Total grants receivedfrom 3 funders$44K
See all 3 funders →
Grants paid · 10 grants · $317K · 2020–2024
My NeighborSD · FY2024$20,000
My NeighborSD · FY2023$20,000
Family Back 2 SchoolFY2021$40,831
My NeighborSD · FY2021$20,000
Unitemized GrantFY2020$138,600
Unitemized GrantFY2020$3,725

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Gifts and grantsLn 1h$122K
Investment incomeLn 3$77K
Other incomeLn 4–11$15K
Money outPt IX
$136K
Ln 25
Programscol B$107K
Managementcol C$29K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$397K
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Investment incomeLn 3$77K
Other incomeLn 4–11$15K
Total revenueLn 12$215K
Assets in detailPt X, end of year
SavingsLn 2$397K
Cash and savings togetherLn 1–2$397K
InvestmentsLn 11–13$1.7M
Total assetsLn 16$2.1M
LiabilitiesLn 26$0
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 52
VolunteersI 67
Fiscal year endsHeaderMarch
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 FY25End FY25
Cash and savingsLn 1–2$271K$397K
InvestmentsLn 11–13$1.7M$1.7M
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Grants to domestic individualsLn 2$64K$64K
Pay of current officers, directors and key staffLn 5$7K$0$7K$0
Payroll taxesLn 10$2K$0$2K$0
Legal feesLn 11b$855$0$855$0
Accounting feesLn 11c$255$0$255$0
OccupancyLn 16$1K$0$1K$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$24K$8K$17K$0
Total functional expensesLn 25$136K$107K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $1.3M$137K$1.2M$3.4M 990 PDF
FY2025 Viewing $215K$136K$79K$2.1M 990 PDF
FY2024 $197K$1.1M−$929K$2.0M 990 PDF
FY2023 $592K$388K$204K$2.8M 990 PDF
FY2022 $841K$266K$575K$2.7M 990 PDF
FY2021 $786K$315K$470K$2.2M 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 FY2025 990 (6 parts)
Part I · Summary $215,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $119,995$122,393
I-9 Program service revenue$0
I-10 Investment incomePrior year $76,568$77,332
I-11 Other revenue$15,328
I-12 Total revenuePrior year $196,563$215,053
I-13 Grants and similar amounts paidPrior year $84,893$99,568
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $8,655$8,655
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,031,639$27,995
I-18 Total expensesPrior year $1,125,187$136,218
I-19 Revenue less expensesPrior year −$928,624$78,835
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $215,053 across 4 lines filed
Lines not itemized here account for $15,328 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$122,393
VIII-1h Total contributions, gifts and grants$122,393
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$77,332
VIII-12 Total revenueRelated to mission $92,660 · Unrelated business $0 · Excluded from tax $0$215,053
Part IX · Statement of functional expenses $136,218 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $35,493$35,493
IX-2 Grants to domestic individualsPrograms $64,075$64,075
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $6,600 · Fundraising $0$6,600
IX-10 Payroll taxesPrograms $0 · Management $2,055 · Fundraising $0$2,055
IX-11b Legal feesPrograms $0 · Management $855 · Fundraising $0$855
IX-11c Accounting feesPrograms $0 · Management $255 · Fundraising $0$255
IX-16 OccupancyPrograms $0 · Management $1,200 · Fundraising $0$1,200
IX-23 InsurancePrograms $0 · Management $1,230 · Fundraising $0$1,230
IX-24 Other expenses (24a–d)Programs $7,741 · Management $16,714 · Fundraising $0$24,455
IX-25 Total functional expensesPrograms $107,309 · Management $28,909 · Fundraising $0$136,218
Part X · Balance sheet $2,138,161 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $270,764$396,894
X-11 Publicly traded securitiesStart of year $1,724,287$1,741,267
X-16 Total assetsStart of year $1,995,051$2,138,161
X-26 Total liabilitiesStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $1,995,051$2,138,161
X-32 Total net assets or fund balancesStart of year $1,995,051$2,138,161
X-33 Total liabilities and net assetsStart of year $1,995,051$2,138,161
Part XI · Reconciliation of net assets $2,138,161 net assets at year end
XI-1 Total revenue$215,053
XI-2 Total expenses$136,218
XI-3 Revenue less expenses$78,835
XI-4 Net assets at start of year$1,995,051
XI-5 Net unrealized gains (losses) on investments$65,205
XI-8 Prior period adjustments−$930
XI-10 Net assets at end of year$2,138,161

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

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