Friends of South Dakota Public Broadcasting
Nonprofit profile at a glance
- EIN
- 237310698
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Sioux Falls, SD, USA
- Phone
- 6053677266
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $5,380,882
- Expenses
- $4,709,457
- Assets
- $12,731,312
- Liabilities
- $2,505,367
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- Katrin Profilet (Past President)
- Gene Ellenson (President)
- Mike Mueller (Vice President)
- Ryan Howlett (CEO)
Highest reported compensation
- Eric Erickson (VP of Corporate Partnership): $144,829 total reported compensation
- Ryan Howlett (CEO): $136,166 total reported compensation
- Laura Peterson (CFO): $129,427 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Friends of South Dakota Public Broadcasting supports lifelong learning for all South Dakotans through advocacy, leadership and responsible fundraising on behalf of SDPB television, radio, internet, and education and outreach.
What it reported doing in 2024
Friends of South Dakota Public Broadcasting provides support to South Dakota Public Broadcasting (SDPB), which is a statewide source for over-the-air, commercial-free, educational programming for all ages. SDPB is South Dakotans' most reliable, accessible, and extensive multiplatform resource for access to the South Dakota State Legislature, including live feeds, daily reports, and broadcasts from the Capital. SDPB is the state's major broadcaster of South Dakota High School tournaments and events featuring high school student athletes and achievers. SDPB is a significant source of local, in-depth documentaries and history providers and is the sole provider of over-the-air TV for South Dakota's most remote and rural areas. SDPB is the statewide Emergency Alert System information provider, alerting South Dakotans to Amber Alerts, Blue Alerts and Silver Alerts, and in the event of natural or man-made disasters. It is also the statewide source for all-ages programming about the living culture, history, and current issues of the Oceti Sakowin, comprised of South Dakota's nine Native American Tribes.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 40% for direct work, and 60% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.5%; rating input score 50
- Program expense ratio: 52.8%; rating input score 53
- Fundraising efficiency: $2.85 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.9%; rating input score 100; 42nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.5%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 2.7; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 8.7%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 49.5% of revenue deployed · 52.8% of spending went to programs
- Governance: 19 of 19 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.5M in reported program spending
- Leadership: top reported pay $145K · 24 people listed
- Highest-paid contractors: 1 contractor listed · $216K reported
- Consistency: 40 of 40 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Review — Financial Efficiency: Program expense ratio scored 53/100.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.