Black Spring Foundation Inc is a private foundation focused on Education, based in SIOUX FALLS, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.4M in total assets. In 2024, it awarded 2 grants totaling $817K. Net investment income was $601K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$20.4M
+21.8% YoY
Annual Giving
$817K
+730.2% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$408K
+315.1% YoY
Under IRS private-foundation payout rules, Black Spring Foundation Inc reported a distributable amount of $935K for 2024 — the minimum it must pay out in qualifying distributions.
About Black Spring Foundation Inc
Based on IRS filings
Black Spring Foundation Inc is a private foundation focused on Education, based in SIOUX FALLS, SD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $20.4M in total assets. In 2024, it awarded 2 grants totaling $817K. Net investment income was $601K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $20,363,555 | $16,725,592 | $16,323,744 |
| Revenue | $4,538,988 | $552,291 | $15,085,260 |
| Expenses | $887,730 | $141,705 | $82,932 |
| Qualifying Distributions | $816,508 | $98,347 | $74,410 |
| Net Investment Income | $601,311 | $519,152 | $82,238 |
| Distributable Amount | $935,039 | $816,508 | $98,347 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sheboygan Area School District ($466,508), Sheboygan Public Education Foundation Inc ($350,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SHEBOYGAN AREA SCHOOL DISTRICT SHEBOYGAN, WI | $172,000 FOR LEXIA SUBSCRIPTION$125,000 FOR CAREER PATH LAKELAND$169,508 TO EXPAND SPECIALIZED PROGRAMS FOR STUDENTS WITH SPECIAL NEEDS | $466,508 |
| SHEBOYGAN PUBLIC EDUCATION FOUNDATION INC SHEBOYGAN, WI | SCHOLARSHIPS | $350,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NATALIE A BLACK | PRESIDENT/TREASURER/DIRECT | 1 | — |
| DAVID HECK | PRESIDENT/TREASURER | 1 | — |
| NATHAN HONSON | VICE PRESIDENT/SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Black Spring Foundation Inc?
Black Spring Foundation Inc is a private foundation focused on Education, based in SIOUX FALLS, SD. It holds $20.4M in total assets as of 2024.
How large is Black Spring Foundation Inc?
As of 2024, Black Spring Foundation Inc holds $20.4M in total assets with $4.5M in annual revenue. It awarded 2 grants totaling $817K in 2024.
Where does Black Spring Foundation Inc operate?
Black Spring Foundation Inc has awarded grants in Wisconsin.
What size grants does Black Spring Foundation Inc award?
In 2024, Black Spring Foundation Inc awarded 2 grants totaling $817K — an average of about $408K per grant, based on its IRS Form 990 filings.
How much is Black Spring Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Black Spring Foundation Inc reported a distributable amount of $935K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Black Spring Foundation Inc's EIN?
Black Spring Foundation Inc's EIN (Employer Identification Number) is 46-4116554. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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