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Mitchell Area Charitable Foundation FY2020 filing

Tax-deductible

Mitchell, SD501(c)(3)Foundations & Grantmakers EIN 46-0390971Revenue $149K in FY2020

On file with the IRSmitchellareacharitablefoundation.com601 N Main St, 57301-1945 · Mitchell, SDTax-exempt since Oct 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Assisting religious, cultural and public Charitable or educational institutions within the city of mithcell and its surrounding areas.

501(c)(3) charity; gifts are tax-deductible.
75¢ 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $58K a year · 29% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Plus $3.0M in investments, Pt X · Ln 11–13
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
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
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
Spent
$98K
To programs
75%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$149K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$149K
FY2021$268K
FY2022$132K
FY2023$207K
FY2024$233K
Expenses
$98K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$129K
FY2022$167K
FY2023$112K
FY2024$192K
Net assets
$3.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$2.8M
FY2023$3.0M
FY2024$3.2M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1987.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $74K Management & general 25% · $25K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
Lori Baye
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Susan Kiepke
Director
$0Pt VII · Sec A
Gwenda Koch
Director
$0Pt VII · Sec A
Dave Olson
Director
$0Pt VII · Sec A
Ron Gates SR
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mitchell Area Charitable 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 15aNo

Programs and updates

Helps religious, cultural, public charitable, and educational institutions in Mitchell and surrounding areas.

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Provided by the organization

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1 program · $74K · in their own filed words · FY2020
01

Grants awarded to religious, cultural, and public charitable or educational institutions within the city of mithcell and surrounding areas to provide scholarships for young men or women to obtain an education, to care for the sick, aged, helpless, needy and incompetent men, women and children, for the improvement living and working…

$74Kprogram 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
South Dakota Community FoundationFY2024$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 27 grants · $310K · 2020–2024
Safe Place of Eastern South DakotaSD · FY2024$15,000
Individual RecipientFY2024$11,600
Mitchell Rodeo Foundation INCSD · FY2024$10,000
Individual RecipientFY2024$10,000
Mitchell Area Housing INCSD · FY2024$10,000
Mitchell Music BoostersCA · FY2024$10,000
Love Feast of Mitchell INCSD · FY2024$9,000
Mitchell School DistrictFY2024$8,000
Sleep in Heavenly Peace INCID · FY2024$6,000
Unitemized GrantFY2024$5,135
Mitchell School DistrictFY2023$28,000
South Dakota Community FoundationSD · FY2023$14,691
Safe Place of Eastern South DakotaSD · FY2023$10,000
Mitchell Baseball AssociationSD · FY2022$24,000
Mitchell School DistrictFY2022$15,000
South Dakota Community FoundationSD · FY2022$14,691
Helping with Horsepower a Spirit Horse CenterSD · FY2022$10,000
City of MitchellFY2022$10,000
See all 27 grants →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$149K
Ln 12
Investment incomeLn 3$134K
Gifts and grantsLn 1h$15K
Other incomeLn 4–11$649
Money outPt IX
$98K
Ln 25
Programscol B$74K
Managementcol C$25K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$105K
Total assetsLn 16$3.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$134K
Other incomeLn 4–11$649
Gains on assetsLn 7$89K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1−$2
SavingsLn 2$105K
Cash and savings togetherLn 1–2$105K
InvestmentsLn 11–13$3.0M
Total assetsLn 16$3.1M
LiabilitiesLn 26$0
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$142K$105K
InvestmentsLn 11–13$2.7M$3.0M
Total assetsLn 16$2.8M$3.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.8M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$72K$72K
Grants to domestic individualsLn 2$2K$2K
Investment management feesLn 11f$23K$23K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$99$99
Other expenses (24a–d)Ln 24$103$103
Total functional expensesLn 25$98K$74K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $233K$192K$41K$3.2M 990 PDF
FY2023 $207K$112K$95K$3.0M 990 PDF
FY2022 $132K$167K−$35K$2.8M 990 PDF
FY2021 $268K$129K$140K$3.3M 990 PDF
FY2020 Viewing $149K$98K$51K$3.1M 990 PDF

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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 $149,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,473$14,880
I-9 Program service revenue$0
I-10 Investment incomePrior year $84,673$133,538
I-11 Other revenuePrior year $750$649
I-12 Total revenuePrior year $100,896$149,067
I-13 Grants and similar amounts paidPrior year $87,322$73,640
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $20,702$24,834
I-18 Total expensesPrior year $108,024$98,474
I-19 Revenue less expensesPrior year −$7,128$50,593
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $149,067 across 6 lines filed
VIII-1f All other contributions, gifts and grants$14,880
VIII-1h Total contributions, gifts and grants$14,880
VIII-3 Investment incomeExcluded from tax $44,604$44,604
VIII-7 Net gain or loss on sales of assetsRelated to mission $32,470 · Excluded from tax $56,464$88,934
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $649$649
VIII-12 Total revenueRelated to mission $32,470 · Excluded from tax $101,717$149,067
Part IX · Statement of functional expenses $98,474 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $71,640$71,640
IX-2 Grants to domestic individualsPrograms $2,000$2,000
IX-11f Investment management feesManagement $22,782$22,782
IX-11g Other fees for servicesManagement $1,850$1,850
IX-12 Advertising and promotionManagement $99$99
IX-24 Other expenses (24a–d)Management $103$103
IX-25 Total functional expensesPrograms $73,640 · Management $24,834 · Fundraising $0$98,474
Part X · Balance sheet $3,077,348 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year −$2−$2
X-2 Savings and temporary cash investmentsStart of year $141,861$105,449
X-11 Publicly traded securitiesStart of year $2,661,838$2,971,901
X-16 Total assetsStart of year $2,803,697$3,077,348
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,803,697$3,077,348
X-33 Total liabilities and net assetsStart of year $2,803,697$3,077,348
Part XI · Reconciliation of net assets $3,077,348 net assets at year end
XI-1 Total revenue$149,067
XI-2 Total expenses$98,474
XI-3 Revenue less expenses$50,593
XI-4 Net assets at start of year$2,803,697
XI-9 Other changes in net assets$223,058
XI-10 Net assets at end of year$3,077,348

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

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