Edward L Schwab Memorial Foundation

Aberdeen, SD
Tax-exempt since April 1997
EIN: 91-1770168

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$383k (2024)

Expenses

$340k (2024)

Total Assets

$1.72M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Aug.
2024

Revenue

$383,476

Expenses

$339,889

Net Income

$43,587

Net Assets

$1,716,913

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$561	0.1%
Interest Revenue	$0
Dividends	$30,038	7.8%
Sales of Assets	$13,046	3.4%
Other Income	$154	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$280,166	82.4%
Compensation of Officers*	$34,585	10.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,716,913
Total Liabilities	$0
Net Assets	$1,716,913

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$34,585	$0
Tom Labrie (President)	$0	$0
Tammie Paulson (Member)	$0	$0
Barb Desnoyers (Secretary/Treasurer)	$0	$0
David Moritz (Vice President)	$0	$0
Matt Hofman (Member)	$0	$0

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990-PF

Filed on Sept. 26, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2023

Revenue

$312,165

Expenses

$332,307

Net Income

-$20,142

Net Assets

$1,673,326

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,426	1.4%
Interest Revenue	$13,058	4.2%
Dividends	$12,866	4.1%
Sales of Assets	$10,332	3.3%
Other Income	$103	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$272,785	82.1%
Compensation of Officers*	$31,126	9.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,673,326
Total Liabilities	$0
Net Assets	$1,673,326

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$31,126	$0
Tom Labrie (President)	$0	$0
Tammie Paulson (Member)	$0	$0
Barb Desnoyers (Secretary/Treasurer)	$0	$0
David Moritz (Vice President)	$0	$0
Matt Hofman (Member)	$0	$0

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990-PF

Filed on Sept. 26, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2022

Revenue

$351,250

Expenses

$355,905

Net Income

-$4,655

Net Assets

$1,693,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,177	2.3%
Interest Revenue	$11,557	3.3%
Dividends	$8,945	2.5%
Sales of Assets	$29,451	8.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$295,891	83.1%
Compensation of Officers*	$33,971	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,693,468
Total Liabilities	$0
Net Assets	$1,693,468

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$33,971	$0
Tom Labrie (President)	$0	$0
Tammie Paulson (Member)	$0	$0
Barb Desnoyers (Secretary/Treasurer)	$0	$0
David Moritz (Vice President)	$0	$0
Matt Hofman (Member)	$0	$0

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990-PF

Filed on Sept. 29, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2021

Revenue

$334,534

Expenses

$351,648

Net Income

-$17,114

Net Assets

$1,698,122

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,659	2.6%
Interest Revenue	$11,691	3.5%
Dividends	$7,539	2.3%
Sales of Assets	$12,219	3.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$290,522	82.6%
Compensation of Officers*	$34,368	9.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,698,123
Total Liabilities	$1
Net Assets	$1,698,122

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$34,368	$0
Tom Labrie (President)	$0	$0
Marise Caster (Vice President)	$0	$0
Barb Desnoyers (Secretary/Treasurer)	$0	$0
David Moritz (Director)	$0	$0
Matt Hofman (Director)	$0	$0

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990-PF

Filed on Sept. 27, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2020

Revenue

$315,876

Expenses

$395,303

Net Income

-$79,427

Net Assets

$1,715,236

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,203	3.9%
Dividends	$9,367	3.0%
Sales of Assets	$684	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$321,410	81.3%
Compensation of Officers*	$34,145	8.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,715,237
Total Liabilities	$1
Net Assets	$1,715,236

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$34,145	$0
Marise Caster (President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
David Moritz (Director)	$0	$0

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990-PF

Filed on Sept. 28, 2020

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Fiscal Year Ending Aug.
2019

Revenue

$669,895

Expenses

$289,856

Net Income

$380,039

Net Assets

$1,794,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,900	0.3%
Interest Revenue	$7,695	1.1%
Dividends	$10,459	1.6%
Sales of Assets	$348,344	52.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$224,813	77.6%
Compensation of Officers*	$32,765	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,794,664
Total Liabilities	$0
Net Assets	$1,794,664

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$32,765	$0
Kevin Wegehaupt (President)	$0	$0
Marise Caster (Vice President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
David Moritz (Director)	$0	$0

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990-PF

Filed on Oct. 3, 2019

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Fiscal Year Ending Aug.
2018

Revenue

$321,637

Expenses

$241,228

Net Income

$80,409

Net Assets

$1,414,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,200	0.7%
Interest Revenue	$5,381	1.7%
Dividends	$5,339	1.7%
Sales of Assets	$1,387	0.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$176,972	73.4%
Compensation of Officers*	$30,844	12.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,414,625
Total Liabilities	$0
Net Assets	$1,414,625

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$30,844	$0
Kevin Wegehaupt (President)	$0	$0
Marise Caster (Vice President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
David Moritz (Director)	$0	$0

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990-PF

Filed on Oct. 10, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2017

Revenue

$309,920

Expenses

$239,005

Net Income

$70,915

Net Assets

$1,334,216

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,600	0.5%
Interest Revenue	$4,075	1.3%
Dividends	$1,977	0.6%
Sales of Assets	-$224
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,701	74.8%
Compensation of Officers*	$29,401	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,334,216
Total Liabilities	$0
Net Assets	$1,334,216

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$29,401	$0
Kevin Wegehaupt (President)	$0	$0
Marci Caster (Vice President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
David Moritz (Director)	$0	$0

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990-PF

Filed on Oct. 2, 2017

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Fiscal Year Ending Aug.
2016

Revenue

$309,569

Expenses

$238,529

Net Income

$71,040

Net Assets

$1,263,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,350	1.7%
Interest Revenue	$2,675	0.9%
Dividends	$1,172	0.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$182,807	76.6%
Compensation of Officers*	$28,713	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,263,301
Total Liabilities	$0
Net Assets	$1,263,301

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$28,713	$0
Kevin Wegehaupt (President)	$0	$0
Marci Caster (Vice President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
Henry Desnoyers (Director)	$0	$0

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990-PF

Filed on Nov. 7, 2016

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Fiscal Year Ending Aug.
2015

Revenue

$284,368

Expenses

$174,407

Net Income

$109,961

Net Assets

$1,192,261

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,000	2.5%
Interest Revenue	$618	0.2%
Dividends	$3,289	1.2%
Sales of Assets	-$2,111
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$101,871	58.4%
Compensation of Officers*	$23,741	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,192,261
Total Liabilities	$0
Net Assets	$1,192,261

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$23,741	$0
Kevin Wegehaupt (President)	$0	$0
Marci Caster (Vice President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
Henry Desnoyers (Director)	$0	$0

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990-PF

Filed on Oct. 8, 2015

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Fiscal Year Ending Aug.
2014

Revenue

$230,659

Expenses

$248,649

Net Income

-$17,990

Net Assets

$1,082,300

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,795	0.8%
Dividends	$2,423	1.1%
Sales of Assets	-$222
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$185,441	74.6%
Compensation of Officers*	$21,131	8.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,082,300
Total Liabilities	$0
Net Assets	$1,082,300

Compensation

Key Employees and Officers	Compensation	Other
Dacotah Bank (Manager)	$21,131	$0
Kevin Wegehaupt (President)	$0	$0
Marci Caster (Vice President)	$0	$0
Tom Labrie (Secretary/Treasurer)	$0	$0
Gary Neuberger (Director)	$0	$0
Henry Desnoyers (Director)	$0	$0

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990-PF

Filed on Dec. 5, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2013

Revenue

$213,865

Expenses

$240,723

Net Income

-$26,858

Net Assets

$1,100,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,825	1.3%
Dividends	$1,383	0.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$184,169	76.5%
Compensation of Officers*	$18,337	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,100,290
Total Liabilities	$1
Net Assets	$1,100,289

990-PF

Filed on Dec. 12, 2013

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Aug.
2012

Revenue

$215,044

Expenses

$236,176

Net Income

-$21,132

Net Assets

$1,127,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,452	2.5%
Dividends	$255	0.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$184,803	78.2%
Compensation of Officers*	$18,005	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,127,148
Total Liabilities	$1
Net Assets	$1,127,147

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Updated November 19, 2025

Edward L Schwab Memorial Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $383k (2024)

Expenses $340k (2024)

Total Assets $1.72M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Aug. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Aug. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$383k (2024)

Expenses

$340k (2024)

Total Assets

$1.72M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Aug.
2024

Fiscal Year Ending Aug.
2023

Fiscal Year Ending Aug.
2022

Fiscal Year Ending Aug.
2021

Fiscal Year Ending Aug.
2020

Fiscal Year Ending Aug.
2019

Fiscal Year Ending Aug.
2018

Fiscal Year Ending Aug.
2017

Fiscal Year Ending Aug.
2016

Fiscal Year Ending Aug.
2015

Fiscal Year Ending Aug.
2014

Fiscal Year Ending Aug.
2013

Fiscal Year Ending Aug.
2012

Fiscal Year Ending Aug.
2011

Fiscal Year Ending Aug.
2010

Fiscal Year Ending Aug.
2009

Fiscal Year Ending Aug.
2008

Fiscal Year Ending Aug.
2007

Fiscal Year Ending Aug.
2006

Fiscal Year Ending Aug.
2005

Fiscal Year Ending Aug.
2004

Fiscal Year Ending Aug.
2003

Fiscal Year Ending Aug.
2002