Sioux Steel Company Foundation

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

Annual Giving

$126K

+68.2% YoY

Grant Count

+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

South Dakota $505K (81%)

Minnesota $66K (11%)

Wisconsin $16K (3%)

Colorado $12K (2%)

North Dakota $11K (2%)

Idaho $3K (1%)

Montana $3K (0%)

Oklahoma $3K (0%)

+4 more states

States

Colorado District of Columbia Iowa Idaho Minnesota Montana North Carolina North Dakota Oklahoma South Dakota Tennessee Wisconsin

Cities

BILLINGSBISMARKBRANDONBROOKINGSCOLORADO SPRINGSFORT PIERREFREDRICGREEN LAKEGREENBUSHGREENSBOROGREENWOOD VILLAGEHILLSHORACEMABELMEMPHISMINNEAPOLISNAMPANEW VIENNAPIERRESHAWNEE

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

Metric	2024	2023	2022
Total Assets	—	—	—
Revenue	—	—	—
Expenses	—	—	—
Qualifying Distributions	—	—	—
Net Investment Income	—	—	—
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

149 grants across all recorded years

Giving History

Grant recipients and amounts by year

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

Recipient	Purpose	Amount
ALS ASSOCIATION MNNDSD CHAPTER ST PAUL, MN	TO SUPPORT KATHY CARMEN'S CORKY'S CREW	$3,000
BANQUET OF SIOUX FALLS SIOUX FALLS, SD	LOW INCOME FOOD SUPPORT	$2,000
BRANDON AREA FOOD PANTRY BRANDON, SD	SOCIAL WELFARE	$1,000
BRANDON VOLUNTEER FIRE DEPARTMENT BRANDON, SD	SOCIAL WELFARE	$1,000
CAPITAL AREA COUNSELING PIERRE, SD	SOCIAL WELFARE	$6,000
CAPITAL AREA UNITED WAY PIERRE, SD	CAPITAL CAMPAIGN	$15,000
COMPASSION INTERNATIONAL COLORADO SPRINGS, CO	SOCIAL WELFARE	$3,000
FEEDING SOUTH DAKOTA SIOUX FALLS, SD	SOCIAL WELFARE	$3,000
FIRST BAPTIST CHURCH SIOUX FALLS, SD	BUILDING FUND, GENERAL SUPPORT	$15,000
FRIENDS OF LEVITT SHELL SIOUX FALLS INC SIOUX FALLS, SD	SOCIAL WELFARE	$5,000

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

Name	Title	Hours	Compensation
PHILLIP M RYSDON	PRESIDENT UNTIL 4/2024	16	—
JIMMIE GAYLE RYSDON	SECRETARY AND DIRECTOR	0.1	—
SCOTT GARDNER RYSDON	TREASURER AND DIRECTOR	0.1	—
JOELLE M JOHNSON	PRESIDENT AND DIRECTOR	10	—
STEVEN MALSAM RYSDON	VICE PRESIDENT AND DIRECTOR	0.1	—

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.