South Dakota Bankers Foundation

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

EIN: 460372887 ✦ Pierre, SD ✦ Designated as a 501(c)(3)

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Overview

What is South Dakota Bankers Foundation?

The South Dakota Bankers Foundation is a nonprofit organization situated in Pierre, South Dakota. Their primary mission is to foster and strengthen the banking sector at a higher educational level in the state. They accomplish this through various initiatives, such as sponsoring economic seminars, supporting internship programs, and offering scholarships. By doing so, they aim to promote banking and contribute positively to the financial education and growth in South Dakota.


Official website here: www.sdba.com/sdba/foundation

Is South Dakota Bankers Foundation legitimate?

South Dakota Bankers Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Dakota Bankers 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sdba.com/sdba/foundation

What is the mission statement of South Dakota Bankers Foundation?

The South Dakota Bankers Foundation's mission is to foster the field of commercial banking at a higher educational level. This is achieved through various initiatives, such as sponsoring economic seminars, assisting with internship programs, and providing scholarships. The organization's primary goal is to promote banking education, thereby contributing to the development of future bankers.


Official website here: www.sdba.com/sdba/foundation

Who is the CEO of South Dakota Bankers Foundation?

Halley Lee is the Director of South Dakota Bankers Foundation.


Official website here: www.sdba.com/sdba/foundation

What is the revenue of South Dakota Bankers Foundation?

South Dakota Bankers Foundation's revenue in 2023 was $69,573.


Official website here: www.sdba.com/sdba/foundation

Who are the executives of South Dakota Bankers Foundation and what are their salaries?


Here are 9 key members and their salaries:


Karlton Adam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Bangasser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Bender (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liza Clark (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Domke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Halley Lee (Exec. Direct)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Rozenboom (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Vancamp (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ar Venkatachalam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sdba.com/sdba/foundation

Where can I find the form 990 for South Dakota Bankers Foundation?

South Dakota Bankers Foundation's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.sdba.com/sdba/foundation

Learn more at the official website: www.sdba.com/sdba/foundation

Mission Statement of South Dakota Bankers Foundation

The South Dakota Bankers Foundation, an esteemed organization, is committed to promoting banking at a higher level within South Dakota. Its mission is centered around fostering the business of commercial banking. To achieve this, the foundation takes several strategic approaches. One of these methods involves sponsoring economic seminars, providing a platform for individuals to gain insights and knowledge about the banking sector. Additionally, the foundation assists with internship programs, offering opportunities for students to gain practical experience in the field of banking. Furthermore, the South Dakota Bankers Foundation extends its support by offering scholarships, helping deserving individuals pursue higher education in banking-related fields. Overall, the South Dakota Bankers Foundation plays a significant role in nurturing the next generation of banking professionals in South Dakota.

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Impact




October, 2024

The South Dakota Bankers Foundation significantly impacts the state's banking industry by fostering education and professional development. Through sponsoring economic seminars, the foundation enhances knowledge and engagement in commercial banking, helping to strengthen the sector's expertise and competency. Their assistance with internship programs provides students with valuable real-world experience, bridging the gap between academic learning and practical application. Additionally, by providing scholarships, they support the next generation of banking professionals, ensuring a pipeline of talent for South Dakota’s financial institutions. Overall, the foundation plays a critical role in promoting banking at a higher learning level, cultivating a robust financial ecosystem in the state.




This information is meant to be a general summary of South Dakota Bankers 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.

Revenue
$69,573 (2023)
Expenses
$2,870 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $67,573
  • Gross Receipts: $556,617

Assets and Liabilities:

  • Total Assets: $3,004,000
  • Total Liabilities: $0
  • Net Assets: $3,004,000

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Organization Details

Founding Year

1982

Principal Officer

Halley Lee

Main Address

PO BOX 1081, PIERRE, SD, 57501

NTEE Category

Code: T03 - Philanthropy

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