West River Foundation for Economic and Community Development
Revenue
$4.7m
year to 30 June 2025
Expenses
$1.7m
year to 30 June 2025
Total assets
$17.7m
$9.6m liabilities
Net assets
$8.2m
assets less liabilities
Directors and trustees
5
7.8y av
Staff
4
employees, year to 30 June 2025
Left since last filing
0
no seats appear to have opened
Officers and senior staff
1
named in Part VII
West River Foundation for Economic and Community Development's network
5 people3 organisationsi5 people and 3 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Violet dotted lines (7) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Donald Andersen | President | 2018 | 8 yrs |
| James Doolittle | Director | 2020 | 6 yrs |
| Shirley Halverson | Treasurer | 2018 | 8 yrs |
| TIM Crawford | Vice President | 2019 | 7 yrs |
| William Termes | Company secretary | 2018 | 8 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
1 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Ronald Rosenboom | Executive Director | since 2018 |
Pay and hours
year to 30 June 2025iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Ronald Rosenboom | Executive Director | 20 | $51k | $50k | |
| Donald Andersen | President | 2 | $4k | $4k | |
| Tim Crawford | Vice President | 2 | $4k | $4k | |
| Shirley Halverson | Treasurer | 2 | $4k | $4k | |
| William Termes | Secretary | 2 | $4k | $4k | |
| James Doolittle | Director | 2 | $4k | $4k |
About
- Legal name
- West River Foundation for Economic and Community Development
- EIN
- 460457322
- Address
- Po Box 605, Sturgis, SD, 57785-0605
- State
- South Dakota
- Mission
- To recruit businesses from other states and to expand in-state business including administering an economic development and relending program. (as filed on the Form 990)
- Activity (NTEE)
- S30 Community improvement and capacity building
- IRS classification
- 501(c)06 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 8 (IRS master file code)
- Formed
- 2000
- Principal officer
- Ronald Rosenboom (as named on the Form 990)
- IRS ruling date
- 1 October 2000
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 8, latest 2025
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsDonald Andersen
≥8years on the filingsShirley Halverson
≥8years on the filingsWilliam Termes
≥7years on the filingsTIM Crawford
Latest return
year to 30 June 2025iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 30 June 2025. US dollars, as filed.- Total assets
- $17.7m
- Total liabilities
- $9.6m
- Net assets or fund balances
- $8.2m
- Contributions and grants received
- $3.4m
- Program service revenue
- $1.2m
- Grants and similar paid out
- $21k
- Employees
- 4
Filed finances
2 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $4.7m | $1.7m | $3m |
| 2023 | $1.8m | $930k | $861k |
As filed on the IRS Form 990. US dollars.
Grants paid
1 listediFrom Schedule I of the Form 990: grants and assistance to organisations in the United States, largest first (up to 25). Schedule I is filed only by organisations that gave more than $5,000 to any one recipient.| Recipient | Purpose | Amount |
|---|---|---|
| Sd Governor's Office of Economic Development | 2024 governor's hunt sponsorship | $15k |