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Nonprofiteer
← RAPID CITY LIBRARY FOUNDATION INC

Form 990 for tax year 2025

Filed by RAPID CITY LIBRARY FOUNDATION INC.

Totals

Total revenue
$146,457
Total expenses
$168,369
Contributions and grants received
$30,317
Grants paid
$0
Program service revenue
$0
Investment income
$116,140
Other revenue
$0
Total assets, end of year
$1,528,699
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,528,699
Program services expenses (Part IX)
$147,739
Management and general expenses
$20,630
Fundraising expenses
$0
Program service expenses (Part III)
$147,739

Program services were 87.7% 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.

  • 1f · All other contributions, gifts and grants

    $30,317

  • 3 · Investment income

    total $27,075 · unrelated business $0 · excluded $27,075

  • 7a · Gross sales of assets other than inventory

    securities $89,065

  • 7c · Gain or loss

    securities $89,065

  • 7d · Net gain or loss

    total $89,065 · related or exempt $89,065 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,568 · program services $0 · management and general $2,568 · fundraising $0

  • 11f · Fees: investment management

    total $17,612 · program services $0 · management and general $17,612 · fundraising $0

  • 13 · Office expenses

    total $450 · program services $0 · management and general $450 · fundraising $0

  • 14 · Information technology

    total $3,223 · program services $3,223 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $980 · program services $980 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $1,004 · program services $1,004 · management and general $0 · fundraising $0

  • 24a · Other expenses: LIBRARY IMPROVEMENTS

    total $142,532 · program services $142,532 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,588 · end of year $55,613

  • 11 · Investments: publicly traded securities

    beginning of year $1,378,154 · end of year $1,473,086

  • 27 · Net assets without donor restrictions

    beginning of year $1,201,742 · end of year $1,381,430

  • 28 · Net assets with donor restrictions

    beginning of year $250,000 · end of year $147,269

Mission and programs · 2025

Mission

PROMOTION OF THE CONTINUED GROWTH AND DEVELOPMENT OF THE PUBLIC LIBRARY IN RAPID CITY AND ITS GENERAL WELFARE, AND PUBLIC RELATIONS, AS WELL AS INCREASING THE SIZE OF HOLDINGS OF LIBRARY MATERIALS.

  • THE FOUNDATION HELPED RAPID CITY PUBLIC LIBRARY PURCHASE A BOOKMOBILE TO ASSIST INDIVIDUALS THAT DO NOT HAVE TRANSPORTATION TO OUR LIBRARY FACILITY. THE FOUNDATION MAINTAINS A LOCAL HISTORY ROOM THAT HOUSES HISTORICAL DOCUMENTS IN A CLIMATE CONTROLLED SPACE, CREATING A NEW COMMUNITY SPACE OFFERING RESOURCES TO ENHANCE LEARNING THROUGH SCIENCE, AND A BOOK FOR BABIES PROGRAM THAT PROVIDES NEW PARENTS A LIBRARY GIFT PACK THAT PROMOTES EARLY LITERACY.

    Expenses $147,739

As filed on the 2025 return.

Listed in Part VII

  • Matt Seidl

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeremy Altman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ice

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Christine Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brittany Richman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terri Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jen Takasaki

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
18 May 2026
IRS schema version
2025v4.1
Source object
202611499349300301

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