Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $127,150

• 1f · All other contributions, gifts and grants

  $3,543,949

• 1g · Noncash contributions included above

  $278,856

• 3 · Investment income

  total $428,219 · excluded $428,219

• 6a · Gross rents

  real property $92,806

• 6b · Less rental expenses

  real property $84,101

• 6c · Rental income or loss

  real property $8,705

• 6d · Net rental income or loss

  total $8,705 · related or exempt $9,545 · unrelated business -$840

• 7a · Gross sales of assets other than inventory

  securities $2,560,879 · other assets $49,910

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

  securities $2,370,633

• 7c · Gain or loss

  securities $190,246 · other assets $49,910

• 7d · Net gain or loss

  total $240,156 · excluded $240,156

• 8a · Fundraising events: gross income

  $31,221

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

  $127,150

• 8b · Fundraising events: direct expenses

  $44,589

• 8c · Net income from fundraising events

  total -$13,368 · excluded -$13,368

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $458,626 · program services $458,626

• 2 · Grants to domestic individuals

  total $1,006,646 · program services $1,006,646

• 7 · Other salaries and wages

  total $14,195 · management and general $14,195

• 11c · Fees: accounting

  total $59,175 · program services $11,211 · management and general $47,964

• 11f · Fees: investment management

  total $63,669 · management and general $63,669

• 11g · Fees: other

  total $67,000 · program services $11,330 · management and general $30,640 · fundraising $25,030

• 12 · Advertising and promotion

  total $235 · program services $1,513 · management and general -$1,301 · fundraising $23

• 13 · Office expenses

  total $152,506 · program services $65,531 · management and general $74,172 · fundraising $12,803

• 16 · Occupancy

  total $6,543 · program services $1,195 · management and general $5,108 · fundraising $240

• 17 · Travel

  total $17,082 · program services $11,013 · management and general $2,946 · fundraising $3,123

• 19 · Conferences, conventions and meetings

  total $65 · program services $65

• 20 · Interest

  total $26,231 · program services $26,231

• 22 · Depreciation, depletion and amortization

  total $39,694 · management and general $39,694

• 23 · Insurance

  total $15,631 · program services $4,649 · management and general $10,982

• 24a · Other expenses: MEALS & ENT

  total $44,922 · program services $26,222 · management and general $15,401 · fundraising $3,299

• 24b · Other expenses: GIFTS & MEMORIALS

  total $31,363 · program services $30,597 · management and general $766

• 24c · Other expenses: SPEAKERS

  total $380 · program services $380

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,000,805 · end of year $73,380

• 2 · Savings and temporary cash investments

  beginning of year $1,601,713 · end of year $2,789,830

• 3 · Pledges and grants receivable

  beginning of year $789,792 · end of year $2,424,884

• 4 · Accounts receivable

  beginning of year $11,809 · end of year $4,169

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,226 · end of year $12,226

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

  $4,065,866

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

  $842,731

• 10c · Land, buildings and equipment, net

  beginning of year $3,048,727 · end of year $3,223,135

• 11 · Investments: publicly traded securities

  beginning of year $25,429,790 · end of year $22,240,553

• 15 · Other assets

  beginning of year $2,063,743 · end of year $2,164,491

• 17 · Accounts payable and accrued expenses

  beginning of year $37,247 · end of year $48,542

• 19 · Deferred revenue

  beginning of year $21,000 · end of year $23,980

• 23 · Secured mortgages and notes payable

  beginning of year $562,080 · end of year $547,076

• 25 · Other liabilities

  beginning of year $4,242,308 · end of year $3,878,503

• 27 · Net assets without donor restrictions

  beginning of year $3,575,255 · end of year $3,609,938

• 28 · Net assets with donor restrictions

  beginning of year $26,520,715 · end of year $24,824,629

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A

PART 1, LINE 3: OFFICERS' SALARIES ARE PAID BY BLACK HILLS STATE UNIVERSITY. COMPENSATION IS DETERMINED BY THE SOUTH DAKOTA BOARD OF REGENTS.