Sioux Steel Company Foundation

Foundation · Grantmaker SIOUX FALLS, SD EIN: 46-6012618

Sioux Steel Company Foundation is a private foundation based in Sioux Falls, South Dakota. The organization has been tax-exempt since November 1958 and operates as a 501(c)(3) nonprofit. The foundation focuses on grantmaking to support charitable causes across multiple sectors.

Key facts about Sioux Steel Company Foundation

EIN
46-6012618
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$125,500
Grants made (2024)
28
Average grant
$4,482
Median grant
$2,750
Primary geography
South Dakota (82% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation does not accept unsolicited applications and operates on an invite-only basis.

Data from IRS Form 990-PF, 2024; updated June 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Sioux Steel Company Foundation funds

By grant dollars, the top recipient states for Sioux Steel Company Foundation's 28 itemized 2024 grants were South Dakota (82%) and Minnesota (7%). The most frequent recipient cities were Sioux Falls, SD (9 grants), Green Lake, WI (5 grants), Pierre, SD (4 grants) and Brandon, SD (3 grants). 4% of grants with a stated purpose were for general or operating support. Recurring purposes include "Social Welfare" (19 grants) and "Capital Campaign" (4 grants).

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$126K

+68.2% YoY

Grant Count

28

+33.3% YoY

Avg Grant Size

$4K

+26.2% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's grant-making priorities include:

  • Education — including STEM education, science teacher support, and grants for education nonprofits
  • Human Services — social welfare and low-income support programs
  • Youth Development — youth services and child welfare initiatives
  • Disability Services — handicapped youth development programs
  • General Purpose Support — annual and capital campaigns

Grantmaking

The foundation does not accept unsolicited applications and operates on an invite-only basis.

Grant Range

$350–$33,500

How to Apply

**

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Geographic Focus

Where this funder awards grants

The foundation primarily funds organizations in:

  • South Dakota
  • Wisconsin
  • Minnesota

Grant Distribution by State

12states

Share of all 28 itemized 2024 grant dollars.

States

ColoradoDistrict of ColumbiaIowaIdahoMinnesotaMontanaNorth CarolinaNorth DakotaOklahomaSouth DakotaTennesseeWisconsin

Cities

Sioux FallsPierreGreen LakeMinneapolisSt PaulColorado SpringsBrandonHoraceNampaFort PierreBillingsBismarkBrookingsFredricGreenbushGreensboroGreenwood VillageHillsMabelMemphis

Financial History

Multi-year comparison from IRS filings

As of Most Recent Filing (2024):

  • Total Assets: $1,825,283
  • Total Giving: $125,500–$200,334
  • Total Revenue: $242,179
  • Total Expenses: $216,701
  • Annual Giving Rate: 6.8%–11.1% of assets

Historical Data (2023):

  • Revenue: $219,000
  • Expenses: $133,000
  • Total Assets: $1.79 million
  • Total Liabilities: $0
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$0.275$0.55$0.8250000000000001$1.120202021202220232024
Metric202420232022
Total Assets———
Revenue———
Expenses———
Qualifying Distributions———
Net Investment Income———
Distributable Amount———

Giving Over Time

Total grant dollars and number of grants per year

$0$40K$80K$120K$160K31 grants202035 grants202134 grants202221 grants202328 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Sioux Falls Ymca$34KCapital Area United Way$15KFirst Baptist Church$15KCapital Area Counseling$6KFriends of Levitt Shell …$5KLeukemia and Lymphoma So…$5KSouth Dakota Discovery C…$5KUniversity of Sioux Falls$5KTeddy Bear Den$4KAls Association Mnndsd C…$3K

Grant Size Distribution

149 grants across all recorded years

148<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Sioux Falls Ymca ($33,500), Capital Area United Way ($15,000), First Baptist Church ($15,000).

RecipientPurposeAmount
SIOUX FALLS YMCA SIOUX FALLS, SDCAPITAL CAMPAIGN AND FLOOD RELIEF$33,500
CAPITAL AREA UNITED WAY PIERRE, SDCAPITAL CAMPAIGN$15,000
FIRST BAPTIST CHURCH SIOUX FALLS, SDBUILDING FUND, GENERAL SUPPORT$15,000
CAPITAL AREA COUNSELING PIERRE, SDSOCIAL WELFARE$6,000
FRIENDS OF LEVITT SHELL SIOUX FALLS INC SIOUX FALLS, SDSOCIAL WELFARE$5,000
LEUKEMIA AND LYMPHOMA SOCIETY MINNEAPOLIS, MNSOCIAL WELFARE$5,000
SOUTH DAKOTA DISCOVERY CENTER PIERRE, SDSOCIAL WELFARE$5,000
UNIVERSITY OF SIOUX FALLS SIOUX FALLS, SDCAPITAL CAMPAIGN$5,000
TEDDY BEAR DEN SIOUX FALLS, SDSOCIAL WELFARE$3,500
ALS ASSOCIATION MNNDSD CHAPTER ST PAUL, MNTO SUPPORT KATHY CARMEN'S CORKY'S CREW$3,000

Leadership & Key People

Leadership team and compensation from IRS filings

  • Joelle M Johnson — President and Director (10 hours/week)
  • Steven Malsam Rysdon — Vice President and Director (0.1 hours/week)
  • Scott Gardner Rysdon — Treasurer and Director (0.1 hours/week)
  • Jimmie Gayle Rysdon — Secretary and Director (0.1 hours/week)
  • Phillip M Rysdon — Former President (served until April 2024)

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
PHILLIP M RYSDONPRESIDENT UNTIL 4/202416—
JIMMIE GAYLE RYSDONSECRETARY AND DIRECTOR0.1—
SCOTT GARDNER RYSDONTREASURER AND DIRECTOR0.1—
JOELLE M JOHNSONPRESIDENT AND DIRECTOR10—
STEVEN MALSAM RYSDONVICE PRESIDENT AND DIRECTOR0.1—

Frequently Asked Questions

What does Sioux Steel Company Foundation fund?

The foundation's grant-making priorities include: • **Education** — including STEM education, science teacher support, and grants for education nonprofits • **Human Services** — social welfare and low-income support programs • **Youth Development** — youth services and child welfare initiatives • **Disability Services** — handicapped youth development programs • **General Purpose Support** — annual and capital campaigns

How do I apply for a grant from Sioux Steel Company Foundation?

**Grant Activity:** • Total annual giving: approximately $125,500–$200,334 (varies by fiscal year) • Number of grants awarded: 26–93 grants annually (varies by year) • Grant range: $350–$33,500 • Median grant amount: $3,000–$3,067 • Giving rate: 6.8%–11.1% of assets **Application Process:** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Notable Grant Programs:** • Social Welfare: $3,129 average, 31 recipients • Youth Development: $2,350 average, …

Where does Sioux Steel Company Foundation make grants?

The foundation primarily funds organizations in: • South Dakota • Wisconsin • Minnesota

What size grants does Sioux Steel Company Foundation award?

In 2024, Sioux Steel Company Foundation awarded 28 grants totaling $126K — an average of about $4K per grant, based on its IRS Form 990 filings.

What is Sioux Steel Company Foundation's EIN?

Sioux Steel Company Foundation's EIN (Employer Identification Number) is 46-6012618. IRS Form 990 filing data is available on this page for 2020–2024.

Does Sioux Steel Company Foundation accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. The foundation does not accept unsolicited applications and operates on an invite-only basis.

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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