West River Foundation for Economic and
TO RECRUIT BUSINESSES FROM OTHER STATES AND TO EXPAND IN-STATE BUSINESS INCLUDING ADMINISTERING AN ECONOMIC DEVELOPMENT AND RELENDING PROGRAM.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$17.7M
+18.1% YoY
Annual Giving
$15K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$15K
+0.0% YoY
About West River Foundation for Economic and
Based on IRS filings
West River Foundation for Economic and is a nonprofit organization focused on Community Improvement & Capacity Building, based in STURGIS, SD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $17.7M in total assets. In 2025, it awarded 1 grants totaling $15K. Net investment income was $94K.
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $17,713,506 | $14,994,827 | $14,321,627 |
| Revenue | $4,721,424 | $1,791,804 | $1,108,456 |
| Expenses | $1,691,342 | $930,370 | $922,205 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $93,825 | $69,566 | $43,971 |
| 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 1 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD ANDERSEN | PRESIDENT | 2 | $4,000 |
| TIM CRAWFORD | VICE PRESIDENT | 2 | $4,000 |
| SHIRLEY HALVERSON | TREASURER | 2 | $4,000 |
| WILLIAM TERMES | SECRETARY | 2 | $4,000 |
| JAMES DOOLITTLE | DIRECTOR | 2 | $4,000 |
| RONALD ROSENBOOM | EXECUTIVE DIRECTOR | 20 | $50,600 |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Total Given
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East River Electric Power
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Total Given
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Sanford Group Return
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Assets
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Grants
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Total Given
$25.9M
A Coe & Dorothy Frankhauser Trust
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Assets
—
Grants
9
Total Given
$64K
Ride Therapy Project
SUMMERSET, SD
Assets
—
Grants
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Total Given
$2K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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