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Sioux Falls Area Community Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311748533 ✦ Sioux falls, SD ✦ Designated as a 501(c)(3)

Overview

What is Sioux Falls Area Community Foundation Inc?

Sioux Falls Area Community Foundation Inc is a charitable organization based in Sioux Falls, South Dakota. They serve as a hub for attracting, managing, and distributing philanthropic capital within their primary service area, which includes the Sioux Falls Metropolitan Statistical Area and surrounding communities. With a team of 12 dedicated individuals, the foundation aims to enhance the quality of life in their region through grantmaking and creative problem-solving. In 2022, over 3,500 grants were awarded, with students also benefiting from competitively awarded scholarships. The foundation acts as a catalyst for good, bridging the gaps between donors, nonprofits, and civic partners to create lasting social impact.


Official website here: www.sfacf.org

Is Sioux Falls Area Community Foundation Inc legitimate?

Sioux Falls Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux Falls Area Community Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $464,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $498,562

For more financial information, click here


Official website here: www.sfacf.org

What is the mission statement of Sioux Falls Area Community Foundation Inc?

The Sioux Falls Area Community Foundation functions as a catalyst for philanthropy, acting as a trusted leader that inspires giving. In partnership with donors, the foundation provides philanthropic leadership to enhance the quality of life in their community. The Sioux Falls Area Community Foundation manages charitable capital and distributes grants to improve various aspects of life, making over 3,500 grants in FY 2022. These grants aimed to address the area's most pressing needs and opportunities while also awarding scholarships to deserving students. The organization's mission is to drive social impact and create solutions for complex community challenges.


Official website here: www.sfacf.org

Who is the CEO of Sioux Falls Area Community Foundation Inc?

Andrew T Patterson is the Chair Of The Board of Sioux Falls Area Community Foundation Inc. The CEO's salary of Sioux Falls Area Community Foundation Inc is $157,812 and their total compensation is $203,783.


Official website here: www.sfacf.org

What is the revenue of Sioux Falls Area Community Foundation Inc?

Sioux Falls Area Community Foundation Inc's revenue in 2022 was $76,466,859.


Official website here: www.sfacf.org

Who are the executives of Sioux Falls Area Community Foundation Inc and what are their salaries?

The average compensation at Sioux Falls Area Community Foundation Inc during 2022 was $80,270. There are 12 employees and 200 volunteers at Sioux Falls Area Community Foundation Inc.

Here are 16 key members and their salaries (Sioux Falls Area Community Foundation Inc's CEO's salary is $157,812 and their total compensation is $203,783):

    Andrew Patterson (President/Ceo)
  • Compensation: $157,812
  • Related: $0
  • Other: $45,971

    • Mike Finnegan (Vp, Finance/Cfo)
  • Compensation: $105,862
  • Related: $0
  • Other: $10,586

    • Mary Kolsrud (Vp, Philanthropy)
  • Compensation: $95,348
  • Related: $0
  • Other: $19,313

    • Susie Patrick (Chair Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Ernst (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Suzanne Veenis (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aaron Severson (Treasurer,Chair Of Finance) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amange Aware (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Erdmann (Chair Of Audit) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lorrae Lindquist (Chair Of Grants) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Madison (Chair Of Investment Mngmt) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Sarbacker (Chair Of Special Gifts & Inv) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Tribble (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Tobin (Chair Of Legal) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Gassen (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Korsten (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sfacf.org

    Where can I find the form 990 for Sioux Falls Area Community Foundation Inc?

    The Sioux Falls Area Community Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sfacf.org

    Learn more at the official website: www.sfacf.org

    Mission Statement of Sioux Falls Area Community Foundation Inc

    The Sioux Falls Area Community Foundation (SFACF) serves as a catalyst for good in the community, inspiring philanthropy and connecting donors, nonprofits, and civic partners. With a mission to provide philanthropic leadership that assures the quality of life in the area indefinitely, SFACF plays a vital role in driving social impact.

    In partnership with donors, the Sioux Falls Area Community Foundation manages and distributes charitable capital, focusing on improving the quality of life in its primary service area. In fiscal year 2022 alone, more than 3,500 grants were awarded to organizations, supporting pressing needs and opportunities within the community. The foundation attracts, manages, and distributes charitable capital to make a difference in the community, fostering creativity and effective solutions for complex challenges.

    Impact

    This information is meant to be a general summary of Sioux Falls Area Community Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Sioux Falls Area Community Foundation Inc plays a vital role in inspiring philanthropy and creating positive change in the community. It serves as a trusted leader, connecting donors and civic partners to address the most pressing challenges in the Sioux Falls area. By managing and distributing charitable capital, the foundation drives social impact and works towards improving the quality of life for all residents. Through thousands of grants, scholarships, and investments in local organizations, Sioux Falls Area Community Foundation Inc is dedicated to creating a lasting impact for good, now and in the future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,652,604
  • Program Service Revenue: $0
  • Gross Receipts: $102,969,414

    • Assets and Liabilities:
  • Total Assets: $267,142,953
  • Total Liabilities: $39,422,118
  • Net Assets: $227,720,835
  • Organization Details

    Founding Year

    1984

    Principal Officer

    Andrew T Patterson

    Main Address

    200 N CHERAPA PLACE, SIOUX FALLS, SD, 571032205

    NTEE Category

    Code: T31 - Philanthropy

    If you are a representative of Sioux Falls Area Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.