Skip to content
Nonprofiteer
← BLACK HILLS WORKS FOUNDATION INC

Form 990 for tax year 2023

Filed by BLACK HILLS WORKS FOUNDATION INC.

Totals

Total revenue
$2,721,495
Total expenses
$3,127,036
Contributions and grants received
$1,275,401
Grants paid
$1,351,221
Program service revenue
$564,060
Investment income
$888,359
Other revenue
-$6,325
Total assets, end of year
$33,851,475
Total liabilities, end of year
$1,159,400
Net assets or fund balances, end of year
$32,692,075
Program services expenses (Part IX)
$2,359,555
Management and general expenses
$129,533
Fundraising expenses
$637,948
Program service expenses (Part III)
$2,359,555

Program services were 75.5% 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

    $140,741

  • 1f · All other contributions, gifts and grants

    $1,134,660

  • 1g · Noncash contributions included above

    $196,456

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

    total $564,060 · related or exempt $564,060

  • 3 · Investment income

    total $408,518 · excluded $408,518

  • 6a · Gross rents

    real property $160,236

  • 6b · Less rental expenses

    real property $126,318

  • 6c · Rental income or loss

    real property $33,918

  • 6d · Net rental income or loss

    total $33,918 · excluded $33,918

  • 7a · Gross sales of assets other than inventory

    securities $593,492

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

    securities $113,651

  • 7c · Gain or loss

    securities $479,841

  • 7d · Net gain or loss

    total $479,841 · excluded $479,841

  • 8a · Fundraising events: gross income

    $34,911

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

    $140,741

  • 8b · Fundraising events: direct expenses

    $89,207

  • 8c · Net income from fundraising events

    total -$54,296 · excluded -$54,296

  • 11a · Other revenue: LAUNDRY INCOME

    total $8,344 · related or exempt $8,344

  • 11d · All other revenue

    total $5,709 · excluded $5,709

  • 11e · Other revenue, total

    $14,053

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,351,221 · program services $1,351,221

  • 7 · Other salaries and wages

    total $569,961 · fundraising $569,961

  • 11a · Fees: management

    total $11,220 · management and general $11,220

  • 11c · Fees: accounting

    total $23,941 · management and general $23,941

  • 11f · Fees: investment management

    total $67,680 · management and general $67,680

  • 12 · Advertising and promotion

    total $24,296 · fundraising $24,296

  • 13 · Office expenses

    total $54,129 · program services $9,737 · management and general $25,946 · fundraising $18,446

  • 14 · Information technology

    total $6,816 · management and general $341 · fundraising $6,475

  • 16 · Occupancy

    total $130,288 · program services $128,541 · fundraising $1,747

  • 17 · Travel

    total $360 · management and general $18 · fundraising $342

  • 19 · Conferences, conventions and meetings

    total $2,702 · management and general $135 · fundraising $2,567

  • 20 · Interest

    total $19,376 · program services $19,376

  • 22 · Depreciation, depletion and amortization

    total $324,224 · program services $316,120 · fundraising $8,104

  • 23 · Insurance

    total $33,595 · program services $33,595

  • 24a · Other expenses: MAINTENANCE EXPENSE

    total $350,420 · program services $350,420

  • 24b · Other expenses: SPECIAL PROJECTS

    total $150,545 · program services $150,545

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $6,262 · management and general $252 · fundraising $6,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $378,794 · end of year $132,456

  • 2 · Savings and temporary cash investments

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,391 · end of year $39,348

  • 9 · Prepaid expenses and deferred charges

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

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

    $11,218,181

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

    $3,680,939

  • 10c · Land, buildings and equipment, net

    beginning of year $7,922,891 · end of year $7,537,242

  • 11 · Investments: publicly traded securities

    beginning of year $22,433,839 · end of year $25,535,613

  • 15 · Other assets

    beginning of year $543,782 · end of year $601,506

  • 17 · Accounts payable and accrued expenses

    beginning of year $308,713 · end of year $390,118

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $5,000

  • 23 · Secured mortgages and notes payable

    beginning of year $904,148 · end of year $764,282

  • 27 · Net assets without donor restrictions

    beginning of year $28,867,844 · end of year $31,474,412

  • 28 · Net assets with donor restrictions

    beginning of year $1,200,302 · end of year $1,217,663

Mission and programs · 2023

Mission

THE BLACK HILLS WORKS FOUNDATION, INC. IS COMMITTED TO ENSURING BLACK HILLS WORKS CONTINUES TO ENRICH THE LIVES OF PEOPLE WITH DISABILITIES NOW AND INTO THE FUTURE. THIS IS ACCOMPLISHED THROUGH RESOURCE DEVELOPMENT, CREATING AWARENESS, PROVIDING ADVOCACY, ENGAGING SUPPORTERS, AND MANAGING ASSETS TO SUPPORT THE IMMEDIATE AND LONG-TERM PRIORITIES OF BLACK HILLS WORKS.

  • BLACK HILLS WORKS FOUNDATION, INC. SECURED RESOURCES THAT SUPPORTED THE MISSION OF BLACK HILLS WORKS AND THOSE IT SERVES. RESOURCES WERE SECURED THROUGH COMMUNITY DONATIONS, GRANT INCOME, SPONSORSHIPS, FUNDRAISING EVENTS, IN-KIND GIFTS, AND SECURITIES AND INTEREST. THESE RESOURCES PROVIDED SUPPORT TO 430 PEOPLE SUPPORTED BY BLACK HILLS WORKS, MATCHING RESOURCES TO MEET THE NEEDS OF 724 REQUESTS. THIS INCLUDED ITEMS VITAL TO ONES QUALITY OF LIFE, INCLUDING GROCERIES, HYGIENE PRODUCTS, MEDICAL CO-PAYS, RENT ABATEMENT, MOVING EXPENSES, TRANSPORTATION, EMPLOYMENT SUPPORTS, WELLNESS ACTIVITIES, AND ARTS EXPRESSION. HOUSING WAS ALSO PROVIDED FOR MORE THAN 60 PEOPLE THROUGH AFFORDABLE HOUSING OPTIONS OWNED AND OPERATED BY THE FOUNDATION, AS WELL AS INVESTMENT IN NEW HOUSING OF THE FUTURE TO SUPPORT THE NEEDS OF FUTURE RESIDENTS. COUNTLESS STORIES WERE ALSO TOLD OF MORE THAN 65 PEOPLE SUPPORTED BY BLACK HILLS WORKS AS THEY COMMEMORATED 65 YEARS OF SERVICE TO THE RAPID CITY COMMUNITY.

    Expenses $2,359,555 · Grants $1,351,221 · Revenue $572,404

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

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
2023
Filed
30 May 2024
IRS schema version
2023v5.0
Source object
202441519349300744

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.