Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $666,521

• 1f · All other contributions, gifts and grants

  $5,806,532

• 1g · Noncash contributions included above

  $26,549

• 3 · Investment income

  total $165,292 · excluded $165,292

• 7a · Gross sales of assets other than inventory

  securities $43,364 · other assets $667

• 7b · Less cost or other basis and sales expenses

  securities $21,257

• 7c · Gain or loss

  securities $22,107 · other assets $667

• 7d · Net gain or loss

  total $22,774 · excluded $22,774

• 8a · Fundraising events: gross income

  $202,490

• 8a · Fundraising events: contributions included on line 1c

  $666,521

• 8b · Fundraising events: direct expenses

  $45,439

• 8c · Net income from fundraising events

  total $157,051 · excluded $157,051

• 9a · Gaming: gross income

  $37,600

• 9b · Gaming: direct expenses

  $20,291

• 9c · Net income from gaming

  total $17,309 · excluded $17,309

• 10a · Gross sales of inventory

  $128,098

• 10b · Cost of goods sold

  $57,592

• 10c · Net income from sales of inventory

  total $70,506 · related or exempt $70,506

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $945,519 · program services $945,519

• 11c · Fees: accounting

  total $32,008 · management and general $32,008

• 11f · Fees: investment management

  total $17,813 · management and general $17,813

• 11g · Fees: other

  total $33,079 · program services $13,425 · management and general $17,645 · fundraising $2,009

• 12 · Advertising and promotion

  total $19,948 · program services $1,894 · management and general $17,884 · fundraising $170

• 13 · Office expenses

  total $20,816 · program services $16,815 · management and general $4,001

• 17 · Travel

  total $133,289 · program services $127,480 · management and general $5,464 · fundraising $345

• 20 · Interest

  total $51 · management and general $51

• 23 · Insurance

  total $3,809 · management and general $3,809

• 24a · Other expenses: SUPPLIES

  total $626,333 · program services $613,398 · fundraising $12,935

• 24b · Other expenses: MEALS & ENTERTAINMENT

  total $95,121 · program services $69,686 · management and general $10,224 · fundraising $15,211

• 24c · Other expenses: DUES/FILINGS

  total $15,357 · program services $8,012 · management and general $3,580 · fundraising $3,765

• 24d · Other expenses: SALES AND USE TAX

  total $11,143 · program services $199 · management and general $10,944

• 24e · All other expenses

  total $12,563 · program services $8,863 · fundraising $3,700

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $171,500 · end of year $1,404,991

• 2 · Savings and temporary cash investments

  beginning of year $1,449,049 · end of year $924,261

• 3 · Pledges and grants receivable

  beginning of year $2,027,845 · end of year $3,709,540

• 4 · Accounts receivable

  beginning of year $198

• 8 · Inventories for sale or use

  beginning of year $6,194 · end of year $6,558

• 9 · Prepaid expenses and deferred charges

  beginning of year $703 · end of year $703

• 11 · Investments: publicly traded securities

  beginning of year $21,450 · end of year $23,648

• 15 · Other assets

  beginning of year $3,629,863 · end of year $6,655,113

• 17 · Accounts payable and accrued expenses

  beginning of year $3,132 · end of year $3,440

• 25 · Other liabilities

  beginning of year $1,538 · end of year $1,538

• 27 · Net assets without donor restrictions

  beginning of year $1,746,497 · end of year $1,813,408

• 28 · Net assets with donor restrictions

  beginning of year $5,555,635 · end of year $10,906,428

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

OFFICERS' SALARIES ARE PAID BY BLACK HILLS STATE UNIVERSITY. COMPENSATION IS DETERMINED BY THE SOUTH DAKOTA BOARD OF REGENTS.