Caedc Foundation

Nonprofit profile at a glance

EIN
831205358
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024
Location
Custer, SD, USA
Phone
6056735800
Rating
96
Verdict
STRONG
Rating confidence
Moderate
Sector
Economic Development

Official website

Reported finances

Revenue
$63,290
Expenses
$80,127
Assets
$12,656

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • TANYA OLSON (PRESIDENT)

People named in this filing

  • TANYA OLSON (PRESIDENT)
  • MONNI KARIM (SECRETARY)
  • PHIL ABERNATHY (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Custer area economic development foundation accepts donations to drive and support community and economic growth and development. The custer area economic development foundation shares a common board of directors with 501c6 organization custer area economic development corporation, and the foundation financially supports the initiatives of the corporation.

What it reported doing in 2024

Through support of the foundation, custer area economic development corporation has formed associations with other regional and state economic development organizations, assisting with access to funds, leadership and entrepreneurial training. Representatives work to open opportunities to grow existing businesses, to attract and assist new business ventures and start-ups.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 20
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.1%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -26.6%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 49.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 25% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 39th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $79K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.