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Nonprofiteer
← BLACK HILLS AREA COMMUNITY FOUNDATION

Form 990 for tax year 2025

Filed by BLACK HILLS AREA COMMUNITY FOUNDATION.

Totals

Total revenue
$25,934,630
Total expenses
$9,035,532
Contributions and grants received
$20,628,627
Grants paid
$6,294,740
Program service revenue
$1,297,931
Investment income
$4,008,072
Other revenue
$0
Total assets, end of year
$95,092,021
Total liabilities, end of year
$24,051,671
Net assets or fund balances, end of year
$71,040,350
Program services expenses (Part IX)
$8,627,809
Management and general expenses
$317,702
Fundraising expenses
$90,021
Program service expenses (Part III)
$8,627,809

Program services were 95.5% 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.

  • 1e · Government grants (contributions)

    $374,202

  • 1f · All other contributions, gifts and grants

    $20,254,425

  • 1g · Noncash contributions included above

    $10,245,923

  • 2a · Program service revenue: MANAGEMENT FEES

    total $779,331 · related or exempt $779,331

  • 2b · Program service revenue: INTEREST ON LOANS RECEIVABLE

    total $511,108 · related or exempt $511,108

  • 2c · Program service revenue: LOAN FEES

    total $7,492 · related or exempt $7,492

  • 3 · Investment income

    total $1,294,848 · excluded $1,294,848

  • 7a · Gross sales of assets other than inventory

    securities $24,381,460

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

    securities $21,668,236

  • 7c · Gain or loss

    securities $2,713,224

  • 7d · Net gain or loss

    total $2,713,224 · excluded $2,713,224

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,214,390 · program services $6,214,390

  • 2 · Grants to domestic individuals

    total $80,350 · program services $80,350

  • 5 · Compensation of officers, directors and key employees

    total $166,650 · program services $108,323 · management and general $49,995 · fundraising $8,332

  • 7 · Other salaries and wages

    total $638,727 · program services $415,173 · management and general $159,082 · fundraising $64,472

  • 9 · Other employee benefits

    total $53,055 · program services $34,485 · management and general $13,175 · fundraising $5,395

  • 10 · Payroll taxes

    total $60,812 · program services $39,528 · management and general $15,745 · fundraising $5,539

  • 11a · Fees: management

    total $614,881 · program services $614,881

  • 11c · Fees: accounting

    total $97,428 · program services $77,942 · management and general $14,614 · fundraising $4,872

  • 11f · Fees: investment management

    total $130,277 · program services $130,277

  • 11g · Fees: other

    total $332,024 · program services $332,024

  • 12 · Advertising and promotion

    total $9,545 · program services $9,545

  • 13 · Office expenses

    total $30,761 · program services $24,609 · management and general $6,152

  • 14 · Information technology

    total $54,156 · program services $54,156

  • 16 · Occupancy

    total $103,930 · program services $73,458 · management and general $30,472

  • 17 · Travel

    total $40,959 · program services $39,731 · management and general $819 · fundraising $409

  • 19 · Conferences, conventions and meetings

    total $50,139 · program services $45,126 · management and general $4,011 · fundraising $1,002

  • 20 · Interest

    total $120,588 · program services $120,588

  • 22 · Depreciation, depletion and amortization

    total $3,571 · program services $1,786 · management and general $1,785

  • 23 · Insurance

    total $40,941 · program services $30,706 · management and general $10,235

  • 24a · Other expenses: SPECIAL EVENTS

    total $127,920 · program services $125,362 · management and general $2,558

  • 24b · Other expenses: PROVISION FOR CREDIT LO

    total $55,369 · program services $55,369

  • 24c · Other expenses: MEMBERSHIP DUES

    total $9,059 · management and general $9,059

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $201,090

  • 2 · Savings and temporary cash investments

    beginning of year $4,423,620

  • 3 · Pledges and grants receivable

    end of year $374,202

  • 7 · Other notes and loans receivable

    beginning of year $5,000,553

  • 9 · Prepaid expenses and deferred charges

    beginning of year $500 · end of year $500

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

    $44,969

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

    $28,004

  • 10c · Land, buildings and equipment, net

    beginning of year $20,536 · end of year $16,965

  • 11 · Investments: publicly traded securities

    end of year $88,023,136

  • 13 · Investments: program-related

    beginning of year $56,621,857 · end of year $5,645,237

  • 15 · Other assets

    beginning of year $830,645 · end of year $830,891

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,695 · end of year $30,224

  • 21 · Escrow or custodial account liability

    beginning of year $15,608,969 · end of year $19,793,957

  • 23 · Secured mortgages and notes payable

    beginning of year $1,246,910 · end of year $3,592,508

  • 25 · Other liabilities

    beginning of year $627,144 · end of year $634,982

  • 27 · Net assets without donor restrictions

    beginning of year $48,000,644 · end of year $69,171,305

  • 28 · Net assets with donor restrictions

    beginning of year $1,388,349 · end of year $1,869,045

Mission and programs · 2025

Mission

LEAD SOLUTIONS, GIVE WITH PURPOSE. THRIVE TOGETHER.

Activities or mission (Part I)

LEAD SOLUTIONS. GIVE WITH PURPOSE. THRIVE TOGETHER.

  • CHARITABLE FUNDS MANAGEMENT AND GRANTS - THE FOUNDATION WORKS WITH INDIVIDUAL DONORS AND ORGANIZATIONS IN A SEVEN-COUNTY REGION TO PROVIDE AFFORDABLE INVESTMENTS AND ACCOUNTING, AND TO MANAGE ENDOWED AND SPENDABLE DONOR-ADVISED FUNDS AND OTHER TYPES OF FUNDS FOR INDIVIDUALS AND FAMILIES. THE FOUNDATION MAY ALSO SERVE AS A SHORT-TERM FISCAL SPONSOR FOR A CHARITABLE PROJECT OR NEW NONPROFIT ORGANIZATION. THE FOUNDATION POOLS CHARITABLE INVESTMENTS FOR VARIOUS ORGANIZATIONS AND INDIVIDUALS TO INVEST THEIR FUNDS AT FAVORABLE RATES WITH RELIABLE VEHICLES.

    Expenses $5,291,652 · Grants $4,278,199 · Revenue $779,331

  • COMMUNITY GRANTMAKING AND SCHOLARSHIPS - THE FOUNDATION MANAGES FUNDS SPECIFICALLY TO PROVIDE GRANTS THOUGH A COMPETITIVE APPLICATION PROCESS AND PROVIDES AFFORDABLE ENDOWMENT AND QUASI-ENDOWMENTS FOR NONPROFIT ORGANIZATIONS WITHIN THE SEVEN-COUNTY REGION OF THE BLACK HILLS. THE FOUNDATION MANAGES COMPETITIVE PROCESSES AND DISTRIBUTES FUNDS DESIGNATED FOR SCHOLARSHIPS.

    Expenses $2,067,870 · Grants $1,702,645

  • COMMUNITY LEADERSHIP - THE FOUNDATION SERVES AS A LEADER IN THE NONPROFIT COMMUNITY MANAGING COLLABORATIVE PROGRAMS AND COALITIONS THAT ADDRESS SYSTEMIC SOCIAL ISSUES. THE FOUNDATION ENGAGES AND LEADS COLLABORATIVE EFFORTS WITH NONPROFIT ORGANIZATIONS AS WELL AS FUNDERS IN OUR REGION.

    Expenses $1,268,287 · Grants $313,896 · Revenue $518,600

As filed on the 2025 return.

Listed in Part VII

  • Kelly Buntrock

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Terry Hermann

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mike Tennyson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Steve Flanery

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kassie McKie Shiffermiller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Urla Marcus

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rc Scull

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Benham

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joseph Lux

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Roger Knutsen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Priscilla Romkema

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marie High Bear

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Justin Dibona

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JD Williams

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rishard Wahlstrom

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Huber

    CEO

    Total calculated
    $166,650
    From this org
    $153,000
    From related orgs
    $0
    Other
    $13,650
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,650
    Filer's total
    $166,650

  • Greg Litton

    DIRECTOR OF STRATEGIC HOUSING

    Total calculated
    $111,525
    From this org
    $100,500
    From related orgs
    $0
    Other
    $11,025
    Hours/week
    40

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 · Written employment contract
  • 3 · Compensation survey or study
  • 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
2025
Filed
17 August 2026
IRS schema version
2025v4.2
Source object
202622309349302407

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