Skip to content
Nonprofiteer
← BLACK HILLS AREA COMMUNITY FOUNDATION

Form 990 for tax year 2023

Filed by BLACK HILLS AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$7,342,365
Total expenses
$7,308,625
Contributions and grants received
$5,383,751
Grants paid
$7,387,776
Program service revenue
$0
Investment income
$1,941,023
Other revenue
$17,591
Total assets, end of year
$56,009,000
Total liabilities, end of year
$13,697,043
Net assets or fund balances, end of year
$42,311,957
Program services expenses (Part IX)
$7,016,981
Management and general expenses
$221,237
Fundraising expenses
$70,407
Program service expenses (Part III)
$7,016,981

Program services were 96.0% 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.

  • 1f · All other contributions, gifts and grants

    $5,383,751

  • 1g · Noncash contributions included above

    $454,028

  • 3 · Investment income

    total $1,230,886 · excluded $1,230,886

  • 7a · Gross sales of assets other than inventory

    securities $25,457,376 · other assets $12,635

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

    securities $24,746,636 · other assets $13,238

  • 7c · Gain or loss

    securities $710,740 · other assets -$603

  • 7d · Net gain or loss

    total $710,137 · excluded $710,137

  • 11a · Other revenue: CASH VALUE LIFE INSURANCE

    total $17,386 · excluded $17,386

  • 11b · Other revenue: MISCELLANEOUS REV

    total $205 · excluded $205

  • 11e · Other revenue, total

    $17,591

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,328,602 · program services $7,328,602

  • 2 · Grants to domestic individuals

    total $59,174 · program services $59,174

  • 5 · Compensation of officers, directors and key employees

    total $173,821 · program services $112,984 · management and general $52,146 · fundraising $8,691

  • 7 · Other salaries and wages

    total $488,962 · program services $342,273 · management and general $97,793 · fundraising $48,896

  • 8 · Pension plan contributions

    total $18,643 · program services $15,617 · management and general $2,094 · fundraising $932

  • 10 · Payroll taxes

    total $50,807 · program services $39,629 · management and general $8,638 · fundraising $2,540

  • 11c · Fees: accounting

    total $81,101 · program services $64,880 · management and general $12,166 · fundraising $4,055

  • 11f · Fees: investment management

    total $117,885 · program services $117,885

  • 11g · Fees: other

    total $436,838 · program services $436,838

  • 12 · Advertising and promotion

    total $11,237 · program services $11,237

  • 13 · Office expenses

    total $40,425 · program services $27,726 · management and general $12,699

  • 14 · Information technology

    total $53,547 · program services $53,547

  • 16 · Occupancy

    total $47,985 · program services $32,271 · management and general $15,714

  • 17 · Travel

    total $26,058 · program services $16,677 · management and general $6,775 · fundraising $2,606

  • 19 · Conferences, conventions and meetings

    total $26,873 · program services $18,811 · management and general $5,375 · fundraising $2,687

  • 22 · Depreciation, depletion and amortization

    total $969 · program services $485 · management and general $484

  • 23 · Insurance

    total $24,104 · program services $19,765 · management and general $4,339

  • 24a · Other expenses: DISCOUNT ON PROGR. LOANS

    total $1,608,909 · program services $1,608,909

  • 24b · Other expenses: PROVISION FOR CREDIT LOSS

    total $275,000 · program services $275,000

  • 24c · Other expenses: SUPPLIES & SPEC EVENTS

    total $150,704 · program services $147,690 · management and general $3,014

  • 24d · Other expenses: INCURRED ON BEHALF OF OTH

    total -$3,713,019 · program services -$3,713,019

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,809,245 · end of year $4,494,382

  • 7 · Other notes and loans receivable

    beginning of year $790,121 · end of year $1,534,917

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,869 · end of year $500

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

    $44,969

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

    $20,862

  • 10c · Land, buildings and equipment, net

    beginning of year $680 · end of year $24,107

  • 13 · Investments: program-related

    beginning of year $50,685,998 · end of year $49,152,453

  • 15 · Other assets

    beginning of year $142,815 · end of year $802,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,141 · end of year $29,763

  • 21 · Escrow or custodial account liability

    beginning of year $13,194,291 · end of year $11,824,332

  • 23 · Secured mortgages and notes payable

    beginning of year $2,000,000 · end of year $1,199,754

  • 25 · Other liabilities

    beginning of year $31,487 · end of year $643,194

  • 27 · Net assets without donor restrictions

    beginning of year $36,554,586 · end of year $40,807,436

  • 28 · Net assets with donor restrictions

    beginning of year $1,610,223 · end of year $1,504,521

Mission and programs · 2023

Mission

EDUCATIONAL, SCIENTIFIC, LITERARY AND CHARITABLE SUPPORT IN BROAD AREAS INCLUDING DEVELOPMENT OF BOTH QUALITY AND QUANTITY OF ECONOMIC GROWTH IN THE RAPID CITY AND BLACK HILLS AREA

  • THE FOUNDATION PROVIDES EDUCATIONAL SCHOLARSHIPS AND DONATIONS TO VARIOUS COMMUNITY ORGANIZATIONS IN ORDER TO IMPROVE THE QUALITY OF LIFE OF THE PEOPLE IN THE BLACK HILLS REGION.

    Expenses $6,899,096 · Grants $6,899,096

  • THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES.

    Expenses $117,885

As filed on the 2023 return.

Listed in Part VII

  • Chris Huber

    CEO

    Total calculated
    $0
    Hours/week
    0

  • Elizabeth Hamburg

    2023 EXEC DI

    Total calculated
    $173,821
    From this org
    $165,544
    From related orgs
    $0
    Other
    $8,277
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $165,544
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,277
    Nontaxable benefits
    not reported
    Filer's total
    $173,821

  • Steve Helmers

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Terry Hermann

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Buntrock

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Flanery

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Patrick Burchill

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Urla Marcus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Zieglmeier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maegen Wallum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rc Scull

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Willie Hustead

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brad Benham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Lux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kassie McKie Shiffermiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Roger Knutsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Tennyson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Priscilla Romkema PhD

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403199349310055

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.