philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in
Sequel INC EIN 85-4297434

Sequel INC FY2023 filing

EIN  85-4297434 Public charity (501(c)(3)) Rapid City, SD
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Sequel INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Supports elders' next life chapter with community services and crisis care.
Leadership
Jenny Schmidt · Chief Dev of · $73K
Money in and out
$103K revenue, $217K expenses
Bottom line
45% program efficiency

Supports elders' next life chapter with community services and crisis care. For fiscal year 2023 it reported $103K in revenue, $217K in expenses, and $1.1M in net assets.Pt I

Where the money goes · FY2023
Total revenue
$103K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$114K
Where spending went · Part IX cols B–D
Program services $0.45 Management & general $0.39 Fundraising $0.16
Program efficiency
45%
of spending reaches programs
Operating runway
59.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-111%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$103K
FY2023▲ +9%
Expenses
$217K
FY2023▲ +293%
Total assets
$1.1M
FY2023▼ -5%
Total liabilities
$0
FY2023▼ -100%
Total revenue
$103K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$114K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B45%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $98K of program spending, described in the organization's own filed words · FY2023.
01

The organizations vision is to establish sequel as the premier resource for elderly people in our region. In order to implement this vision, we put the following operational plans in place this past year: employee handbook was developed; researched and applied for qualifying grants; increased public awareness and developed strategic…

$98Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSequel INC
EINHdr · item D85-4297434
Principal addressHdr · item CRapid City, SD
WebsiteHdr · item Jwww.sequelincorporated.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MSD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFSep 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jenny Schmidt
Chief Dev of
$72,600Pt VII · Sec A
Kerry Lassaux
Executive Di
$70,274Pt VII · Sec A
Renee Sales
President
$0Pt VII · Sec A
Kathy Miller
Sec/Treasure
$0Pt VII · Sec A
Kelli Back
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Nita Dunham
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Maggie Drake’s $70K as Executive Di is at the 91st percentile of top reported officer pay among 203 <$100K human services 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022
Jenny Schmidt—$72,600$26,400
Kerry Lassaux$11,525$70,274—
Maggie Drake$70,063——

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 Sequel INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Investment income$92K · 90%
Contributions & grants$11K · 10%
Investment income90%$92K
Contributions & grants10%$11K
Total revenueLn 12$103K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.45 Management & general $0.39 Fundraising $0.16
Program services45%$98K
Management & general39%$85K
Fundraising16%$34K
Total functional expensesLn 25$217K

Balance Sheet

Part X · end of year
CashLn 1$91K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.1M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $217K
59.2 months
Where the money goes
Program services
Program services $98K · Total expenses $217K
45%
Management & General
Management & general $85K · Total expenses $217K
39%
Fundraising
Fundraising $34K · Total expenses $217K
16%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $445K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11K · Total revenue $103K
10%
Government reliance
Government grants — · Total revenue $103K
—
Earned-income share
Program service revenue $0 · Total revenue $103K
0%
Investment reliance
Investment income $92K · Total revenue $103K
+90%
Program self-sufficiency
Program service revenue $0 · Total expenses $217K
0%
Growth & trend
Revenue growth (YoY)
This year $103K · Prior year $94K
+9%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $103K · Expenses $217K
-111%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $14 · Other securities (Pt X, ln 12) $979K · Total assets (Pt X, ln 16) $1.1M
92%
People & payroll
Highest Reported Total Compensation
Individual Jenny Schmidt · Reported title CHIEF DEV OF · Highest reported compensation $73K · Total expenses $217K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $165K · Total expenses $217K
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 45%——
Overhead ratio 39%——
Fundraising cost ratio 323%——
Revenue growth 9%——
Investment management fee ratio 1%——
Legal fee ratio 2%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Black Hills Area Community FoundationFY2024$75K
Total grants receivedfrom 1 funder$75K
Grants paid · 1 grant · $5K · 2024–2024
Unitemized GrantFY2024$5,391

Similar Organizations

Closest in mission — by what they do
Catholic Eldercare Community Services Corporation IIMN
Agingnext INCCA
Senior Community Services INCPA
Irc II INCNE
Community Supports INCFL
Senior Network INCMD
See all organizations like Sequel INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$71K revenue · ⤓ 990 PDF
FY2023$103K revenue · viewing · ⤓ 990 PDF
FY2022$94K revenue · ⤓ 990 PDF
FY2021$1.2M revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.