Good Stewards INC FY2023 filing

Tax-deductible

Watertown, SD501(c)(3)Since 1996Crime & LegalEIN 46-0441111

The organization makes grants to receiving organizations based on requests for funds to support religious programs and projects of the recipient organization. In addition, grants are allocated to support religious education in the form of various outreach and student endowment programs based on need as determined by the board of directors.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
4 of 6
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
40
of 10 voting members
Looks good: 40 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
-9% vs prior year
Spent
$289K
To programs
96%
Net assets
$181K
By yearFY2020–FY2025
Revenue
$256K
FY2023▼ -9%
Revenue by fiscal year
FY2020$290K
FY2021$332K
FY2022$280K
FY2023$256K
FY2024$265K
FY2025$290K
Expenses
$289K
FY2023▼ -16%
Expenses by fiscal year
FY2020$282K
FY2021$278K
FY2022$344K
FY2023$289K
FY2024$259K
FY2025$272K
Net assets
$181K
FY2023▼ -15%
Net assets by fiscal year
FY2020$224K
FY2021$279K
FY2022$213K
FY2023$181K
FY2024$187K
FY2025$206K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Oct 1996.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $276K Management & general 4% · $13K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Good Stewards INC 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

Funds religious programs, projects, and education through grants based on requests and need.

Provided by the organization

This section is blank until Good Stewards INC claims this page.

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3 program services account for $276K of program spending, described in the organization's own filed words · FY2023.
01

Primarily to support great plains lutheran high school.

$274Kprogram expense
02

Support of various regional and international lutheran ministries.

$2Kprogram expense
03

Support of various local lutheran ministries.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $356K · 2020–2025

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Fees for servicesLn 2g$253K
Gifts and grantsLn 1h$2K
Investment incomeLn 3$258
Money outPt IX
$289K
Ln 25
Programscol B$276K
Managementcol C$13K
Owns and owesPt X
$181K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$187K
LiabilitiesLn 26$7K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b40
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Fees for servicesLn 2g$253K
Investment incomeLn 3$258
Gains on assetsLn 7$83
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$36K
Cash and savings togetherLn 1–2$60K
InvestmentsLn 11–13$9K
Land, buildings, equipmentLn 10c$119K
Total assetsLn 16$187K
LiabilitiesLn 26$7K
Net assetsLn 32$181K
OperationsPt I, VI
EmployeesI 57
VolunteersI 640
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 FY23End FY23
Cash and savingsLn 1–2$100K$60K
InvestmentsLn 11–13$8K$9K
Land, buildings, equipmentLn 10c$113K$119K
Total assetsLn 16$221K$187K
LiabilitiesLn 26$8K$7K
Net assetsLn 32$213K$181K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$51K$51K
Other salaries and wagesLn 7$169K$169K
Other employee benefitsLn 9$728$728
Payroll taxesLn 10$13K$13K
Legal feesLn 11b$20$20
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$88$88
Office expensesLn 13$6K$6K
OccupancyLn 16$15K$15K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$20K$20K
All other expensesLn 24e$165$165
Total functional expensesLn 25$289K$276K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $290K$272K$18K$206K 990 PDF
FY2024 $265K$259K$6K$187K 990 PDF
FY2023 Viewing $256K$289K−$33K$181K 990 PDF
FY2022 $280K$344K−$64K$213K 990 PDF
FY2021 $332K$278K$54K$279K 990 PDF
FY2020 $290K$282K$8K$224K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $255,656 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2,206
VIII-1h Total contributions, gifts and grants$2,206
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $253,192$253,192
VIII-3 Investment incomeExcluded from tax $175$175
VIII-7 Net gain or loss on sales of assetsExcluded from tax $83$83
VIII-12 Total revenueRelated to mission $253,192 · Excluded from tax $258$255,656
Part IX · Statement of functional expenses $288,935 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $51,483$51,483
IX-7 Other salaries and wagesPrograms $169,096$169,096
IX-9 Other employee benefitsPrograms $728$728
IX-10 Payroll taxesPrograms $12,936$12,936
IX-11b Legal feesManagement $20$20
IX-11c Accounting feesManagement $2,125$2,125
IX-11g Other fees for servicesPrograms $1,424$1,424
IX-12 Advertising and promotionPrograms $88$88
IX-13 Office expensesManagement $6,454$6,454
IX-16 OccupancyPrograms $14,806$14,806
IX-22 Depreciation, depletion and amortizationPrograms $5,417$5,417
IX-23 InsuranceManagement $4,246$4,246
IX-24 Other expenses (24a–d)Programs $19,947$19,947
IX-24e All other expensesPrograms $165$165
IX-25 Total functional expensesPrograms $276,090 · Management $12,845 · Fundraising $0$288,935
Part X · Balance sheet $187,412 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $53,351$23,608
X-2 Savings and temporary cash investmentsStart of year $46,891$36,092
X-10c Land, buildings and equipment, netStart of year $113,446$118,829
X-11 Publicly traded securitiesStart of year $7,680$8,883
X-16 Total assetsStart of year $221,368$187,412
X-17 Accounts payable and accrued expensesStart of year $6,113$6,696
X-26 Total liabilitiesStart of year $8,319$6,696
X-27 Net assets without donor restrictionsStart of year $213,049$180,716
X-32 Total net assets or fund balancesStart of year $213,049$180,716
X-33 Total liabilities and net assetsStart of year $221,368$187,412
Part XI · Reconciliation of net assets $180,716 net assets at year end
XI-1 Total revenue$255,656
XI-2 Total expenses$288,935
XI-3 Revenue less expenses−$33,279
XI-4 Net assets at start of year$213,049
XI-9 Other changes in net assets$946
XI-10 Net assets at end of year$180,716

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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