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De Smet Community Foundation

Tax-deductible

De Smet, SD501(c)(3)Foundations & Grantmakers EIN 46-1401425Revenue $88K in FY2024

On file with the IRSPo Box 42, 57231-0042 · De Smet, SDTax-exempt since Feb 2013Publicly supported charity — 170(b)(1)(A)(vi)

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To serve the educational and charitable needs of De Smet, South Dakota and surrounding communities by providing a means by which the public may establish foundations or

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 23 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
3 of 5
filings with a surplus
Average surplus $8K a year · 15% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88K
+292% vs prior year
Spent
$69K
To programs
99%
Net assets
$19K
By yearFY2020–FY2024
Revenue
$88K
FY2024▲ +292%
Tap a bar for its year
Revenue by fiscal year
FY2020$56K
FY2021$61K
FY2022$61K
FY2023$22K
FY2024$88K
Expenses
$69K
FY2024▲ +135%
Tap a bar for its year
Expenses by fiscal year
FY2020$63K
FY2021$26K
FY2022$59K
FY2023$29K
FY2024$69K
Net assets
$19K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$19K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2013.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $68K Management & general 1% · $632

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Laird Beck
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See De Smet Community 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

Supports local educational and charitable needs by helping people create foundations.

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Provided by the organization

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1 program · $68K · in their own filed words · FY2024
01

Develop resources from the public and private sector for the development of permanent and accessible endowments for charitable, educational, scientific, civic purposes dedicated to the betterment of the community.

$68Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$88K
Ln 12
Gifts and grantsLn 1h$88K
Money outPt IX
$69K
Ln 25
Programscol B$68K
Managementcol C$632
Owns and owesPt X
$19K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Fundraising eventsLn 1c$83K
Total revenueLn 12$88K
Assets in detailPt X, end of year
SavingsLn 2$19K
Cash and savings togetherLn 1–2$19K
Total assetsLn 16$19K
LiabilitiesLn 26$0
Net assetsLn 32$19K
OperationsPt I, VI
EmployeesI 50
VolunteersI 623
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$19K
Total assetsLn 16$0$19K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$19K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$430$430$0$0
Advertising and promotionLn 12$42$42$0$0
Depreciation, depletion and amortizationLn 22$3K$3K$0$0
InsuranceLn 23$632$0$632$0
Other expenses (24a–d)Ln 24$65K$65K$0$0
Total functional expensesLn 25$69K$68K$632$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $88K$69K$19K$19K 990 PDF
FY2023 $22K$29K−$7K$0 990 PDF
FY2022 $61K$59K$2K$0 990 PDF
FY2021 $61K$26K$35K$0 990 PDF
FY2020 $56K$63K−$7K$0 990 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 FY2024 990 (6 parts)
Part I · Summary $87,565 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,337$87,565
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $22,337$87,565
I-13 Grants and similar amounts paidPrior year $1,558$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $27,644$68,731
I-18 Total expensesPrior year $29,202$68,731
I-19 Revenue less expensesPrior year −$6,865$18,834
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $87,565 across 4 lines filed
VIII-1c Fundraising events$82,685
VIII-1f All other contributions, gifts and grants$4,880
VIII-1h Total contributions, gifts and grants$87,565
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$87,565
Part IX · Statement of functional expenses $68,731 across 5 lines filed
IX-11c Accounting feesPrograms $430 · Management $0 · Fundraising $0$430
IX-12 Advertising and promotionPrograms $42 · Management $0 · Fundraising $0$42
IX-22 Depreciation, depletion and amortizationPrograms $3,022 · Management $0 · Fundraising $0$3,022
IX-23 InsurancePrograms $0 · Management $632 · Fundraising $0$632
IX-24 Other expenses (24a–d)Programs $64,605 · Management $0 · Fundraising $0$64,605
IX-25 Total functional expensesPrograms $68,099 · Management $632 · Fundraising $0$68,731
Part X · Balance sheet $18,834 assets, 6 lines filed
X-2 Savings and temporary cash investments$18,834
X-16 Total assetsStart of year $0$18,834
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$18,834
X-32 Total net assets or fund balancesStart of year $0$18,834
X-33 Total liabilities and net assetsStart of year $0$18,834
Part XI · Reconciliation of net assets $18,834 net assets at year end
XI-1 Total revenue$87,565
XI-2 Total expenses$68,731
XI-3 Revenue less expenses$18,834
XI-10 Net assets at end of year$18,834

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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