Overview
What is West River Foundation?
The West River Foundation, situated in Sturgis, South Dakota, serves as a catalyst for enhancing educational, organizational, and economic resources within the community. Acting as a nonprofit vehicle, it strives to improve public education, housing opportunities, and community services in South Dakota. The foundation accomplishes this through various means, such as software and hardware sales, contracted services, grant programs, housing development, and leasing property and equipment to benefit any public or non-profit education or community organizations. Additionally, the West River Foundation operates a Small Business Resource Center, providing education and assistance to small businesses in the region. With a team of seven dedicated individuals, the foundation is committed to spurring economic expansion and bettering the lives of South Dakotans.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
The West River Foundation has achieved an impressive 94% rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization boasts a fully independent board, which is a significant strength as it ensures unbiased governance. Additionally, its financial statements have been audited, reflecting sound financial practices and transparency.
The foundation maintains a solid program expense ratio of 91.05%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. This is a positive indicator of its commitment to effectively serving its mission. Furthermore, the absence of material diversion of assets and the presence of various policies, such as conflict of interest and whistleblower policies, demonstrate a robust framework for ethical management.
While the organization shows strong financial health and governance, the summary does not mention specific programs or initiatives it supports, which could provide deeper insight into the impact of its work. Overall, the West River Foundation stands out as a well-managed nonprofit dedicated to its mission, ensuring a high level of accountability to its donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is West River Foundation legitimate?
West River Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West River Foundation 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: $70,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,610
For more financial information, click here
What is the mission statement of West River Foundation?
The West River Foundation aims to function as a facilitator, working towards enhancing educational, organizational, and economic resources for schools and communities in South Dakota. The foundation is dedicated to promoting public education, improving housing opportunities, and strengthening community services. Additionally, it focuses on fostering economic expansion through various means such as software and hardware sales, contracted services, grant programs, housing development, and leasing property and equipment. All these endeavors are designed to benefit any public or non-profit education or community organization in South Dakota.
Who is the CEO of West River Foundation?
Ronald Rosenboom is the President of West River Foundation.
What is the revenue of West River Foundation?
West River Foundation's revenue in 2022 was $3,921,124.
Who are the executives of West River Foundation and what are their salaries?
The average compensation at West River Foundation during 2022 was $23,229. There are 7 employees at West River Foundation.
Here are 6 key members and their salaries:
- Compensation: $4,000
- Related: $4,000
- Other: $0
- Compensation: $4,000
- Related: $4,000
- Other: $0
- Compensation: $4,000
- Related: $4,000
- Other: $0
- Compensation: $4,000
- Related: $4,000
- Other: $0
- Compensation: $4,000
- Related: $4,000
- Other: $0
- Compensation: $47,990
- Related: $46,600
- Other: $0
Where can I find the form 990 for West River Foundation?
West River Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West River Foundation
The West River Foundation, a non-profit organization, is dedicated to improving educational, organizational, and economic resources for schools and communities in South Dakota. Their mission is centered around advancing public education, providing housing opportunities, fostering community services, and promoting economic expansion. To achieve these goals, the foundation engages in various activities such as selling software and hardware, offering contracted services, managing grant programs, engaging in housing development, and leasing property and equipment. This initiative is intended to benefit any public or non-profit educational or community organization within South Dakota.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The West River Foundation significantly enhances educational, organizational, and economic resources in South Dakota, notably through its commitment to improving public education and community services. By managing various educational programs and providing administrative support to organizations, it fosters a collaborative environment conducive to learning and community development.
Through its initiatives, the foundation promotes housing opportunities and economic expansion within the region. It engages in software and hardware sales, and contracts services that further benefit educational and nonprofit organizations. The establishment of a small business resource center exemplifies the foundation's dedication to empowering local entrepreneurs, offering education and assistance that catalyze business growth in the community.
In essence, the West River Foundation's multifaceted approach creates lasting impacts that elevate schools and communities, driving progress across South Dakota. Its efforts directly contribute to a more robust educational framework and a thriving economic landscape, making a profound difference in the lives of individuals and organizations.
This information is meant to be a general summary of West River Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $155,889
- Program Service Revenue: $1,501,192
- Gross Receipts: $4,160,788
Assets and Liabilities:
- Total Assets: $7,568,333
- Total Liabilities: $1,143,710
- Net Assets: $6,424,623
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAKOTA LINK EQUIPMENT
Revenue
$948,577
CONTRACT SERVICES
Revenue
$315,315
FEES
Revenue
$237,300
Organization Details
Founding Year
1985
Phone
(605) 347-4467Principal Officer
Ronald Rosenboom
Main Address
PO BOX 605, STURGIS, SD, 57785
NTEE Category
Code: B90 - Education
If you are a representative of West River Foundation 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.