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Sioux Falls Area Community Foundation Inc

Learn about this cause: What are the reviews? 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)

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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

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Stars)

The Sioux Falls Area Community Foundation Inc has earned a high rating of 97% from Charity Navigator, reflecting its strong accountability and financial management practices. The score indicates a solid commitment to transparency, with 100% of its board members being independent and no material diversion of assets reported. The organization demonstrates effective financial oversight, as evidenced by a high percentage of program expenses and exceptional fundraising efficiency.

One notable strength of the foundation is its robust financial health, with a liabilities to assets ratio of 14.63%. This suggests that the organization is well-positioned to sustain its operations and fulfill its mission effectively. In addition, the foundation has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, contributing to its overall governance integrity.

However, it is important to highlight that the foundation received a score of zero for the distribution of its tax form to the board before filing. This indicates a potential area for improvement in its internal processes. Overall, the Sioux Falls Area Community Foundation Inc stands out for its financial prudence and commitment to accountability, making it a reliable entity for donors and community stakeholders.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Sioux Falls Area Community Foundation Inc?

94% of 13 reviewers on Facebook recommend the Sioux Falls Area Community Foundation Inc. Here is a summary of their reviews:

Supporters express deep appreciation for the community foundation's dedication to enriching local programs, particularly highlighting a grant awarded to the Communication Service for the Deaf for an art initiative. The instructor emphasized the joy and expression art brings to students, especially those who are non-verbal, showcasing the significant impact of such funding on their lives.

Overall, the sentiment reflects a strong approval of the nonprofit's efforts, as they align with the needs of the community and foster creative expression, making a tangible difference in the lives of individuals served.


This AI summary has been generated from reviews found on Facebook.

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.


Heare 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):


Susie Patrick (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Ernst (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Veenis (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Severson (Treasurer,Chair Of Finance)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amange Aware (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stacy Erdmann (Chair Of Audit)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lorrae Lindquist (Chair Of Grants)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Madison (Chair Of Investment Mngmt)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Sarbacker (Chair Of Special Gifts & Inv)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Tribble (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Tobin (Chair Of Legal)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Gassen (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marilyn Korsten (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
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


Official website here: www.sfacf.org

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

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.

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Impact




October, 2024

Sioux Falls Area Community Foundation Inc plays a pivotal role in enhancing the quality of life for residents in and around the Sioux Falls area. By acting as a catalyst for good, it inspires philanthropy, connects donors with community needs, and collaborates with civic partners to tackle the region's most complex challenges.

In fiscal year 2022, the foundation awarded over 3,500 grants, facilitating significant support for local organizations that address pressing needs and create opportunities for growth. The competitive scholarships offered to students exemplify its commitment to education and empowerment. The foundation's focus on attracting, managing, and distributing charitable capital ensures that crucial resources are available to improve community welfare now and for future generations. Ultimately, the foundation's efforts drive meaningful social impact, emphasizing a commitment to the well-being of the Sioux Falls area for good and forever.




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.


Financials

This financial information is from Propublica.

Revenue
$76,466,859 (2022)
Expenses
$31,054,030 (2022)
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
  • Gross Receipts: $102,969,414

Assets and Liabilities:

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

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Organization Details

Founding Year

1984

Principal Officer

Andrew T Patterson

Main Address

200 N CHERAPA PLACE, SIOUX FALLS, SD, 571032205

NTEE Category

Code: T310 - Philanthropy

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