Sioux Falls Area Community Foundation
Legal name: Sioux Falls Area Community Foundation Inc
Nonprofit profile at a glance
- EIN
- 311748533
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Sioux Falls, SD, US
- Phone
- (605) 336-7055
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Foundations
Reported finances
- Revenue
- $50,631,506
- Expenses
- $41,427,307
- Assets
- $390,919,507
- Liabilities
- $48,676,199
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- ANDREW PATTERSON (PRESIDENT/CEO)
Highest reported compensation
- ANDREW PATTERSON (PRESIDENT/CEO): $246,175 total reported compensation
- MARY KOLSRUD (CHIEF PHILANTHROPY OFFICER): $153,607 total reported compensation
- MIKE FINNEGAN (CHIEF FINANCIAL OFFICER): $153,546 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide trusted leadership that inspires philanthropy and enriches the quality of life in our area — for good, for ever.
What it reported doing in 2024
Sioux falls area community foundation is a publicly supported community foundation that attracts, manages, and distributes charitable capital. Its primary service area is the sioux falls msa, a four-county area with a population of approximately 275,000, and other communities within a 25-mile radius of the city of sioux falls, South Dakota.sfacf's grantmaking is aimed at improving the quality of life in the service area, for good, for ever. In fiscal year 2025, nearly 3,900 grants were made. Students benefited from competitively awarded scholarships and competitively awarded grants were made to organizations that sought to address the area's most pressing needs and opportunities.charitable organizations received support in program areas that include arts and humanities, community development, education, environment, health, human services, and religion.sfacf has met and adheres to national standards for community foundations in the u.s. As established by the council on foundations, hyperlink "http://www.cof.org"www.cof.org, arlington, Virginia.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 85
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.2%; rating input score 94
- Program expense ratio: 96.9%; rating input score 97
- Fundraising efficiency: $37.95 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 31st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 98.8%; rating input score 99; 37th 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; 77th 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.2%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 9.44; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 12.8% per year; rating input score 100; 83rd percentile among comparable filings
- Revenue growth: 11.8% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 11.1% per year; rating input score 100; 75th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 94.2% of revenue deployed · 96.9% of spending went to programs
- Governance: 14 of 14 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $40.2M in reported program spending
- Leadership: top reported pay $246K · 19 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $1.7M reported
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 311 filed money-flow records
- Related organizations: 311 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.