SIOUX FALLS AREA COMMUNITY FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

SIOUX FALLS AREA COMMUNITY FOUNDATION INC

EIN 31-1748533 · Philanthropy, Voluntarism & Grantmaking Foundations (T310)

What they do

IN PARTNERSHIP WITH DONORS, SIOUX FALLS AREA COMMUNITY FOUNDATION (SFACF) PROVIDES PHILANTHROPIC LEADERSHIP THAT ASSURES THE QUALITY of LIFE IN OUR AREA, for GOOD, for EVER.THE COMMUNITY FOUNDATION CULTIVATES PHILANTHROPY BY INSPIRING NEW GENERATIONS of DONORS to NURTURE SIOUX FALLS POSITION AS A NATIONALLY RECOGNIZED CHARITABLE FRONTRUNNER.TO THAT END, SFACF MANAGES and GROWS ENDOWMENTS and DIRECTS CHARITABLE GRANTS to SOCIAL, CULTURAL, EDUCATIONAL, RELIGIOUS, COMMUNITY DEVELOPMENT, and ENVIRONMENTAL ACTIVITIES THAT ADDRESS THE AREAS EMERGING NEEDS and OPPORTUNITIES. THIS EMPHASIS ON GROWING LONG-TERM CHARITABLE ENDOWMENTS ASSURES THAT THE STABILITY and QUALITY of LIFE WE ENJOY TODAY WILL BE SUSTAINED for GENERATIONS to COME, IN GOOD TIMES or BAD.SFACF SERVES MINNEHAHA, LINCOLN, MCCOOK, and TURNER COUNTIES and COMMUNITIES WITHIN A 25-MILE RADIUS of THE CITY of SIOUX FALLS, SOUTH DAKOTA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders19 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

79.31%of revenue went to mission work96.9% of expenses · Program services

1.72%of revenue went to fundraising2.1% of expenses

$81.82spent for every $100 of revenueRevenue covered expenses this year.

0.78%of revenue went to management and office costs1.0% of expenses

$9.44in assets for every $1 spent this yearSome assets cannot be spent right away.

65.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $246,175 for ANDREW PATTERSON (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$50,631,506

Mission workProgram services$40,157,30779.31% of revenue96.9% of expenses

ManagementOffice and general costs$397,3450.78% of revenue1.0% of expenses

FundraisingAsking for donations$872,6551.72% of revenue2.1% of expenses

Revenue left after expensesReported annual surplus$9,204,19918.18% of revenueShown in gray on the chart

Total expenses$41,427,30781.82% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.9% mission · 1.0% management · 2.1% fundraisingTotal expenses: 81.82% of revenue

2023Expense mix: 97.3% mission · 0.9% management · 1.8% fundraisingTotal expenses: 38.08% of revenue

2022Expense mix: 96.6% mission · 1.0% management · 2.4% fundraisingTotal expenses: 85.63% of revenue

2021Expense mix: 96.7% mission · 1.0% management · 2.3% fundraisingTotal expenses: 40.61% of revenue

2020Expense mix: 96.9% mission · 1.0% management · 2.1% fundraisingTotal expenses: 45.65% of revenue

2019Expense mix: 95.7% mission · 1.4% management · 2.9% fundraisingTotal expenses: 40.18% of revenue

2018Expense mix: 96.4% mission · 1.1% management · 2.5% fundraisingTotal expenses: 42.53% of revenue

2017Expense mix: 96.2% mission · 1.1% management · 2.7% fundraisingTotal expenses: 60.41% of revenue

Money in and money out

Revenue$50,631,506

Expenses$41,427,307

Annual surplus $9,204,199 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$40,157,307 · 96.9% of expenses

Management and office costs$397,345 · 1.0% of expenses

Fundraising$872,655 · 2.1% of expenses

See all reported dollar amounts

Revenue$50,631,506

Expenses$41,427,307

Assets$390,919,507

Income$98,351,093

Contributions$33,119,743

Mission work (program services)$40,157,307

Fundraising$872,655

Grants given$226,819,882

Average grant$95,826

Management and general$397,345

Stocks and bonds$265,264,534

Accounting fees$37,467

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANDREW PATTERSONPRESIDENT/CEO · 50 hrs/week $246,175Base $226,250 · Other $19,925

MARY KOLSRUDCHIEF PHILANTHROPY OFFICER · 50 hrs/week $153,607Base $134,643 · Other $18,964

MIKE FINNEGANCHIEF FINANCIAL OFFICER · 50 hrs/week $153,546Base $136,387 · Other $17,159

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (19)

ANDREW PATTERSONPRESIDENT/CEO

MARY KOLSRUDCHIEF PHILANTHROPY OFFICER

MIKE FINNEGANCHIEF FINANCIAL OFFICER

TODD ERNSTPAST CHAIR OF THE BOARD

AARON SEVERSONVICE CHAIR OF THE BOARD

SUZANNE VEENISCHAIR OF THE BOARD

STEVE SARBACKERCHAIR OF GIFT ACCEPTANCE

STACY ERDMANNCHAIR OF AUDIT COMMITTEE

PAT SWEETMANMEMBER

MATT GASSENTREASURER, CHAIR OF FINANCE COMMITTEE

MARILYN KORSTENSECRETARY, CHAIR OF GRANTS COMMITTEE

MANDY GAIKOWSKICHAIR OF LEGAL COMMITTEE

MAGGIE GROTELUSCHENMEMBER

LORRAE LINDQUISTMEMBER

JIM SOUKUPMEMBER

JASON HERRBOLDTMEMBER (THRU 09/25/24)

BEN WIENERMEMBER (THRU 6/27/25)

ANGELINE LAVINCHAIR OF INVESTMENT COMMITTEE

ANGELA LAMMERSMEMBER

About this charity

Recognized since: January 2001
Location: 200 N CHERAPA PLACE, SIOUX FALLS, SD 57103
County: Minnehaha
In care of: ANDREW T PATTERSON
Primary officer: ANDREW T PATTERSON, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@sfacf.org Phone(605) 336-7055

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RSM US LLP
NTEE classification: Philanthropy, Voluntarism & Grantmaking Foundations (T310)
Grant-giving organization: Yes