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Nonprofiteer
← BLACK HILLS WORKS FOUNDATION INC

Form 990 for tax year 2022

Filed by BLACK HILLS WORKS FOUNDATION INC.

Totals

Total revenue
$2,683,739
Total expenses
$2,471,489
Contributions and grants received
$1,675,371
Grants paid
$409,743
Program service revenue
$632,431
Investment income
$355,973
Other revenue
$19,964
Total assets, end of year
$31,286,007
Total liabilities, end of year
$1,217,861
Net assets or fund balances, end of year
$30,068,146
Program services expenses (Part IX)
$1,746,299
Management and general expenses
$167,653
Fundraising expenses
$557,537
Program service expenses (Part III)
$1,746,299

Program services were 70.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $103,357

  • 1f · All other contributions, gifts and grants

    $1,572,014

  • 1g · Noncash contributions included above

    $102,348

  • 2a · Program service revenue: RENTS FROM ELIGIBLE TE

    total $632,431 · related or exempt $632,431

  • 3 · Investment income

    total $396,838 · excluded $396,838

  • 6a · Gross rents

    real property $114,775

  • 6b · Less rental expenses

    real property $48,975

  • 6c · Rental income or loss

    real property $65,800

  • 6d · Net rental income or loss

    total $65,800 · excluded $65,800

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

    securities $12,643 · other assets $28,222

  • 7c · Gain or loss

    securities -$12,643 · other assets -$28,222

  • 7d · Net gain or loss

    total -$40,865 · excluded -$40,865

  • 8a · Fundraising events: gross income

    $27,620

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

    $103,357

  • 8b · Fundraising events: direct expenses

    $80,379

  • 8c · Net income from fundraising events

    total -$52,759 · excluded -$52,759

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $4,292 · excluded $4,292

  • 11b · Other revenue: LAUNDRY INCOME

    total $1,497 · related or exempt $1,497

  • 11d · All other revenue

    total $1,134 · excluded $1,134

  • 11e · Other revenue, total

    $6,923

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $409,743 · program services $409,743

  • 7 · Other salaries and wages

    total $496,763 · program services $100 · management and general $500 · fundraising $496,163

  • 11a · Fees: management

    total $9,835 · management and general $9,835

  • 11c · Fees: accounting

    total $18,811 · management and general $18,811

  • 11f · Fees: investment management

    total $107,544 · management and general $107,544

  • 11g · Fees: other

    total $6,757 · management and general $6,757

  • 12 · Advertising and promotion

    total $10,575 · fundraising $10,575

  • 13 · Office expenses

    total $37,679 · program services $1,487 · management and general $21,095 · fundraising $15,097

  • 14 · Information technology

    total $11,617 · management and general $581 · fundraising $11,036

  • 16 · Occupancy

    total $200,540 · program services $200,540

  • 17 · Travel

    total $2,919 · management and general $146 · fundraising $2,773

  • 19 · Conferences, conventions and meetings

    total $3,107 · management and general $155 · fundraising $2,952

  • 20 · Interest

    total $28,850 · program services $28,850

  • 22 · Depreciation, depletion and amortization

    total $423,277 · program services $411,240 · fundraising $12,037

  • 23 · Insurance

    total $34,075 · program services $34,075

  • 24a · Other expenses: MAINTENANCE EXPENSE

    total $438,066 · program services $436,596 · management and general $735 · fundraising $735

  • 24b · Other expenses: SPECIAL PROJECTS

    total $223,668 · program services $223,668

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $7,663 · management and general $1,494 · fundraising $6,169

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,585 · end of year $378,794

  • 4 · Accounts receivable

    beginning of year $5,798 · end of year $1,391

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,868 · end of year $5,310

  • 10a · Land, buildings and equipment: cost or other basis

    $11,189,805

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,266,914

  • 10c · Land, buildings and equipment, net

    beginning of year $7,672,237 · end of year $7,922,891

  • 11 · Investments: publicly traded securities

    beginning of year $27,065,567 · end of year $22,433,839

  • 15 · Other assets

    beginning of year $660,063 · end of year $543,782

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,194 · end of year $308,713

  • 19 · Deferred revenue

    end of year $5,000

  • 23 · Secured mortgages and notes payable

    beginning of year $1,027,012 · end of year $904,148

  • 27 · Net assets without donor restrictions

    beginning of year $33,082,275 · end of year $28,867,844

  • 28 · Net assets with donor restrictions

    beginning of year $1,320,637 · end of year $1,200,302

Mission and programs · 2022

Mission

TO ENGAGE OUR COMMUNITY THROUGH AWARENESS, RELATIONSHIPS, RESOURCES AND STEWARDSHIP IN ORDER TO EMPOWER ORGANIZATIONS TO SUPPORT ADULTS WITH DISABILITIES.

  • IN ORDER TO ENRICH THE LIFE EXPERIENCE OF PEOPLE WITH DISABILITIES, WE ACTIVELY SEEK AND THEN MANAGE CHARITABLE CONTRIBUTIONS TO SUPPORT OUR PRIORITIES WHICH INCLUDE: COMMUNITY LIVING SKILLS RESIDENTIAL POSSIBILITIES VOCATIONAL OPPORTUNITIES HOPES, DREAMS AND ASPIRATIONS

    Expenses $1,746,299 · Grants $409,743 · Revenue $633,928

As filed on the 2022 return.

Listed in Part VII

  • Brad Saathoff

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Dean Aurand

    LIAISON

    Total calculated
    $0
    Hours/week
    1

  • Chris Long

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alexa Stulken

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Robbennolt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Dowling

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Hillary Khachikian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Karn

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Curtis Fischer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Heibult

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cortney Ficken

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kevin Dietz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Hedrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Blauvelt

    LIAISON

    Total calculated
    $0
    Hours/week
    1

  • Greg Hansen

    LIAISON

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
9 August 2023
IRS schema version
2022v5.0
Source object
202302219349300435

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