Sioux Falls Area Community Foundation Inc
97% goes to programs $3 to raise $100 Strong reserves Declining revenue
Sioux Falls Area Community Foundation Inc is a 501(c)(3) organization based in Sioux Falls, South Dakota, registered in 2001, with $50,631,506 in FY2024 revenue. CharityIndex grades it A, and it directs about 97% of spending to programs.
200 Cherapa Pl, Sioux Falls, SD, 57103 EIN 31-1748533 Since 2001
Revenue (FY2024)
$50.6M
▼ 52.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$41.4M
Net assets
$342.2M
Employees
15
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating97% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Sioux Falls Area Community Foundation Inc: 97% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating99 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Sioux Falls Area Community Foundation Inc: 99 mo reserves · +18% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Sioux Falls Area Community Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Sioux Falls Area Community Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The sioux falls area community foundation (sfacf) provides trusted leadership that inspires philanthropy.
Contact & location
- Address
- 200 Cherapa Pl, Sioux Falls, SD, 57103
- City
- Sioux Falls
- State
- South Dakota
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $15.6M (FY2013) to $50.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $48.7MNet assets $342.2M
Operating margin
18.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$390.9M
Total liabilities
$48.7M
Net assets
$342.2M
Salaries & benefits
$1.4M
3% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $50,631,506▼52.6% | $41,427,307▲1.8% | $342,243,308▲7.2% | $390,919,507▲7.2% | 990 |
| 2023 | $106,816,971▲190% | $40,675,484▲28.8% | $319,269,867▲32.1% | $364,501,593▲28.7% | 990 |
| 2022 | $36,878,472▼51.8% | $31,578,888▲1.7% | $241,699,807▲6.1% | $283,123,600▲6.0% | 990 |
| 2021 | $76,466,859▲27.6% | $31,054,030▲13.5% | $227,720,835▲4.3% | $267,142,953▲1.2% | 990 |
| 2020 | $59,923,672▲20.6% | $27,354,086▲37.0% | $218,327,175▲34.4% | $264,068,911▲32.6% | 990 |
| 2019 | $49,695,361▲4.6% | $19,969,141▼1.2% | $162,450,601▲12.3% | $199,124,298▲11.1% | 990 |
| 2018 | $47,515,001▲44.2% | $20,207,691▲1.5% | $144,638,487▲16.0% | $179,302,241▲19.5% | 990 |
| 2017 | $32,943,283▲38.7% | $19,902,050▲54.0% | $124,673,841▲11.0% | $150,102,385▲9.4% | 990 |
| 2016 | $23,747,116▲22.2% | $12,927,271▼2.6% | $112,275,328▲14.1% | $137,217,178▲12.1% | 990 |
| 2015 | $19,425,233▲14.8% | $13,276,064▲3.8% | $98,385,085▲2.1% | $122,390,520▲3.2% | 990 |
| 2014 | $16,926,529▲8.6% | $12,786,137▲34.4% | $96,329,239▲1.9% | $118,566,892▲1.0% | 990 |
| 2013 | $15,590,636 | $9,515,590▲2.3% | $94,489,540▲16.4% | $117,383,129▲16.6% | 990 |
| 2012 | — | $9,299,722▼23.1% | $81,195,520▲14.3% | $100,675,247▲16.0% | 990 |
| 2011 | — | $12,087,517▲0.1% | $71,040,493▼0.6% | $86,778,796▼0.8% | 990 |
| 2010 | — | $12,070,684 | $71,479,427 | $87,478,257 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Andrew Patterson — $226,250 (0.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew Patterson | President/ceo | 50 | $226,250 |
| Mike Finnegan | Chief Financial Officer | 50 | $136,387 |
| Mary Kolsrud | Chief Philanthropy Officer | 50 | $134,643 |
| Aaron Severson | Vice Chair of the Board | 2 | — |
| Angela Lammers | Member | 2 | — |
| Angeline Lavin | Chair of Investment Committee | 2 | — |
| Ben Wiener | Member (thru 6/27/25) | 2 | — |
| Jason Herrboldt | Member (thru 09/25/24) | 0 | — |
| Jim Soukup | Member | 2 | — |
| Lorrae Lindquist | Member | 2 | — |
| Maggie Groteluschen | Member | 2 | — |
| Mandy Gaikowski | Chair of Legal Committee | 2 | — |
| Marilyn Korsten | Secretary, Chair of Grants Committee | 2 | — |
| Matt Gassen | Treasurer, Chair of Finance Committee | 2 | — |
| Pat Sweetman | Member | 2 | — |
| Stacy Erdmann | Chair of Audit Committee | 2 | — |
| Steve Sarbacker | Chair of Gift Acceptance | 2 | — |
| Suzanne Veenis | Chair of the Board | 2 | — |
| Todd Ernst | Past Chair of the Board | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Apx Construction Group | Construction Mngt. | $1,355,430 |
| Canfield Business Interiors | Office Equip. & Install | $330,113 |
Grants received · $10.8M total
64 grants to Sioux Falls Area Community Foundation Inc totaling $10.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| South Dakota Community Foundation | Community welfare and betterment | 2024 | $57,500 |
| Sanford | Community support, economic development, physical improvements and housing | 2024 | $49,175 |
| American Online Giving Foundation Inc | General support | 2024 | $17,061 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $10,500 |
| Dechomai Foundation Inc | Unrestricted | 2023 | $7,531,439 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $241,283 |
| South Dakota Community Foundation | Community welfare and betterment | 2023 | $101,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $63,800 |
| Sanford | Economic development, physical improvement & housing | 2023 | $45,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $25,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $10,000 |
| American Online Giving Foundation Inc | General support | 2023 | $7,564 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $705,000 |
| South Dakota Community Foundation | Community welfare and betterment | 2022 | $52,000 |
| Sanford | Community health improvement,economic development | 2022 | $50,000 |
Grants made · $38.0M in FY2024
308 grants totaling $38.0M in FY2024 — showing the 15 largest. All grants made by Sioux Falls Area Community Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Sioux Falls School District #49-5 | Angel fund, community learning centers, summer music camp support, boys & girls club building project, field trips, program support | $7,010,169 |
| Augustana University Association | General support, capital projects, department support, athletics support, library support, scholarship funding, center for western studies support | $3,517,321 |
| City of Sioux Falls | Aquatic center, municipal band support, maintenance and improvements to city parks, bike trail expansion | $2,608,224 |
| Dakota State University Foundation | Cyber extension, fundraising support | $1,210,000 |
| Black Hills State University Foundation | Program support, general support, women's business center, women's athletic support | $1,108,750 |
| Central Baptist Church | General support, building expansion/addition, mission trips | $1,030,505 |
| Veterans Community Project | General support, building project | $969,400 |
| Lifescape Foundation | General support, sd achieve program, children's hospital, journey of hope campaign, capital project | $885,798 |
| Sioux Empire United Way Inc | General support | $764,513 |
| Catholic Community Foundation For Eastern Sd | Program support, parish support, priest retirement appeal, broom tree retreat center, capital projects | $697,836 |
| Sanford Health Foundation | General support, sanford international support, children's hospital fundraiser, research endowments, fundraising support | $593,426 |
| Compassion Child Care | General support | $500,839 |
| Alexandria Technical & Community College Foundation | Capital projects | $500,000 |
| Sioux Falls Zoo & Aquarium | General support, campaign support, butterfly house | $488,689 |
| Sioux Falls Thrive Inc | Mobile market support, community leadership & collaboration to help sioux falls children | $454,610 |
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Compare Sioux Falls Area Community Foundation Inc
Frequently asked questions
- Is Sioux Falls Area Community Foundation Inc a legitimate nonprofit?
- Yes. Sioux Falls Area Community Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-1748533, based in Sioux Falls, South Dakota. Donations are tax-deductible.
- What is Sioux Falls Area Community Foundation Inc's EIN?
- Sioux Falls Area Community Foundation Inc's Employer Identification Number (EIN) is 31-1748533.
- How much revenue does Sioux Falls Area Community Foundation Inc report?
- Sioux Falls Area Community Foundation Inc reported $50,631,506 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Sioux Falls Area Community Foundation Inc's spending goes to programs?
- Sioux Falls Area Community Foundation Inc spends about 97% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Sioux Falls Area Community Foundation Inc have?
- CharityIndex grades Sioux Falls Area Community Foundation Inc A, based on program efficiency and fundraising cost.
- How much does Sioux Falls Area Community Foundation Inc's highest-paid employee make?
- The highest reported compensation on Sioux Falls Area Community Foundation Inc's latest Form 990 is $226,250, paid to Andrew Patterson (President/ceo).
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Data for Sioux Falls Area Community Foundation Inc (EIN 31-1748533) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.