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Nonprofiteer
← ELEVATE FOUNDATION INC

Form 990 for tax year 2024

Filed by ELEVATE FOUNDATION INC.

Totals

Total revenue
$550,546
Total expenses
$160,525
Contributions and grants received
$550,546
Grants paid
$109,516
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$535,936
Total liabilities, end of year
$95,947
Net assets or fund balances, end of year
$439,989
Program services expenses (Part IX)
$157,709
Management and general expenses
$2,816
Fundraising expenses
$0
Program service expenses (Part III)
$157,709

Program services were 98.2% 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)

    $19,727

  • 1f · All other contributions, gifts and grants

    $530,819

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $109,516 · program services $109,516

  • 11c · Fees: accounting

    total $1,850 · management and general $1,850

  • 11g · Fees: other

    total $29,178 · program services $29,178

  • 12 · Advertising and promotion

    total $5,497 · program services $5,497

  • 13 · Office expenses

    total $966 · management and general $966

  • 24a · Other expenses: DATABASE SUBSCRIPTION F

    total $13,518 · program services $13,518

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,968 · end of year $292,715

  • 3 · Pledges and grants receivable

    beginning of year $25,000 · end of year $243,221

  • 19 · Deferred revenue

    beginning of year $0 · end of year $95,947

  • 27 · Net assets without donor restrictions

    beginning of year $49,968 · end of year $389,989

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $50,000

Mission and programs · 2024

Mission

TO FURTHER RESEARCH AND EDUCATION IN THE AREAS OF WORKFORCE DEVELOPMENT, ENTREPRENEURSHIP, AND ECONOMIC DEVELOPMENT THAT ELEVATE THE RAPID CITY ECONOMY FOR ALL.

  • WORKFORCE DEVELOPMENT PROGRAMMING CONSISTS OF OUTREACH AND RESEARCH IN THE AREA OF ECONOMIC MOBILITY INCLUDING SUPPORTING OPPORTUNITY POPULATIONS WITH OBTAINING EMPLOYMENT, EDUCATING EMPLOYERS ABOUT THE BENEFITS OF HIRING INDIVIDUALS WHO ARE TYPICALLY LEFT OUT OF THE WORKFORCE, AND RESEARCHING METHODS OF INCREASING EMPLOYMENT AND WAGES IN THE COMMUNITY.

    Expenses $78,252 · Grants $78,252

  • ECONOMIC DEVELOPMENT INCLUDES RESEARCH AND EDUCATION IN THE AREAS OF HOUSING, CHILDCARE, AND OTHER ROADBLOCKS IN COMMUNITY DEVELOPMENT. THIS IS ACCOMPLISHED THROUGH RESEARCHING THESE TOPICS IMPACTING THE COMMUNITY AND DEVELOPING WHITE PAPERS, REPORTS, AND DASHBOARDS TO EDUCATE THE BUSINESS COMMUNITY AND POPULATION AT LARGE ABOUT THE IMPORTANCE OF THESE COMMUNITY BUILDING BLOCKS TO ECONOMIC DEVELOPMENT.

    Expenses $47,928 · Grants $31,264

  • ENTREPRENEURSHIP PROGRAMMING INCLUDES EDUCATION ABOUT THE VARIETY OF STARTUP SUPPORTS THAT EXIST IN THE ECOSYSTEM AS WELL AS DEVELOPMENT AND EXPLORATION OF NEW METHODS OF STARTUP SUPPORT.

    Expenses $31,529

As filed on the 2024 return.

Listed in Part VII

  • Paulette Davidson

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Tom Weaver

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Marne Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Todd Kenner

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Darren Haar

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Alan Solano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Andy Bartling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Brad Hearst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Regan Brilz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Dick Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Erika Batcheller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Greg Loos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Holly Lien

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Mayor Jason Salamun

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Zane Brink

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1 related
  • Tom Johnson

    PRESIDENT

    Total calculated
    $396,278
    From this org
    $0
    From related orgs
    $357,649
    Other
    $38,629
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,749 related
    Bonus
    $0 + $60,900 related
    Other
    $0
    Deferred
    $0 + $21,081 related
    Nontaxable benefits
    $0 + $17,548 related
    Filer's total
    $0 + $396,278 related

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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY ELEVATE RAPID CITY (A RELATED PARTY). THE PRESIDENT OF ELEVATE HAS AN ANNUAL REVIEW PERFORMED BY THE PRESENT AND PAST CHAIRMAN OF THE BOARD OF DIRECTORS FOR ELEVATE RAPID CITY. THIS REVIEW CONSISTS OF A PERSONAL MEETING WITH THE PRESIDENT AND A FOLLOW-UP MEETING BETWEEN THE PRESENT AND PAST CHAIRMAN. THIS REVIEW IS DONE USING PERFORMANCE CRITERIA, AS WELL AS THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES' CHAMBER PROFESSIONAL SALARY AND BENEFITS REPORT FOR COMPARISONS. THE PRESIDENT'S SALARY IS APPROVED BY THE BOARD OR COMPENSATION COMMITTEE OF ELEVATE RAPID CITY.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202513149349305261

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