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Nonprofiteer
← BLACK HILLS COMMUNITY LOAN FUND INC

Form 990 for tax year 2022

Filed by BLACK HILLS COMMUNITY LOAN FUND INC.

Totals

Total revenue
$808,910
Total expenses
$745,587
Contributions and grants received
$797,482
Grants paid
$0
Program service revenue
$0
Investment income
$11
Other revenue
$11,417
Total assets, end of year
$907,219
Total liabilities, end of year
$134,222
Net assets or fund balances, end of year
$772,997
Program services expenses (Part IX)
$576,171
Management and general expenses
$169,416
Fundraising expenses
$0
Program service expenses (Part III)
$576,171

Program services were 77.3% 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)

    $278,669

  • 1f · All other contributions, gifts and grants

    $518,813

  • 3 · Investment income

    total $11 · related or exempt $11

  • 11a · Other revenue: Program Revenue

    total $2,106 · related or exempt $2,106

  • 11b · Other revenue: LOAN Fund Revenue

    total $9,311 · related or exempt $9,311

  • 11e · Other revenue, total

    $11,417

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $71,861 · program services $35,931 · management and general $35,930

  • 7 · Other salaries and wages

    total $170,570 · program services $170,570

  • 9 · Other employee benefits

    total $32,882 · program services $26,306 · management and general $6,576

  • 10 · Payroll taxes

    total $25,497 · program services $20,398 · management and general $5,099

  • 11c · Fees: accounting

    total $86,232 · management and general $86,232

  • 11g · Fees: other

    total $62,958 · program services $50,366 · management and general $12,592

  • 12 · Advertising and promotion

    total $13,534 · program services $13,534

  • 13 · Office expenses

    total $79,654 · program services $63,723 · management and general $15,931

  • 16 · Occupancy

    total $18,665 · program services $14,932 · management and general $3,733

  • 17 · Travel

    total $49,377 · program services $49,377

  • 19 · Conferences, conventions and meetings

    total $13,263 · program services $13,263

  • 20 · Interest

    total $3,091 · program services $2,473 · management and general $618

  • 23 · Insurance

    total $2,705 · management and general $2,705

  • 24a · Other expenses: MISCELLANOUS EXPENSE

    total $2,314 · program services $2,314

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $110,922 · program services $110,922

  • 24c · Other expenses: Lending Expense

    total $187 · program services $187

  • 24d · Other expenses: Grant Program Fees

    total $1,875 · program services $1,875

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $460,903 · end of year $546,418

  • 4 · Accounts receivable

    beginning of year $271,704 · end of year $257,043

  • 7 · Other notes and loans receivable

    beginning of year $118,958 · end of year $103,758

  • 10c · Land, buildings and equipment, net

    beginning of year $1,106

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,840 · end of year $51,272

  • 19 · Deferred revenue

    end of year $22,950

  • 24 · Unsecured notes and loans payable

    beginning of year $60,000 · end of year $60,000

  • 27 · Net assets without donor restrictions

    beginning of year $727,779 · end of year $756,270

  • 28 · Net assets with donor restrictions

    beginning of year $50,052 · end of year $16,727

Mission and programs · 2022

Mission

TO CREATE FINANCIAL OPPORTUNITIES FOR PEOPLE WHO ARE NOT BEING ECONOMICALLY SERVED BY TYPICAL LENDING INSTITUTIONS IN RAPID CITY, SOUTH DAKOTA AND SURROUNDING COMMUNITIES.

  • The Black Hills Community Loan Fund continues to work on increasing the number of loans offered and assist their clients with home ownership.

    Expenses $576,171 · Revenue $11,418

As filed on the 2022 return.

Listed in Part VII

  • BARBARA SCHMITT

    EXECUTIVE DIRECTOR

    Total calculated
    $45,381
    From this org
    $45,381
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Onna Lebeau

    Executive Director

    Total calculated
    $26,480
    From this org
    $26,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $26,480
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $26,480

  • Karissa Loewen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cassandra Palmier

    Director

    Total calculated
    $0
    Hours/week
    1

  • RAMONA HARRINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VALERIAH BIG EAGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tanya Fiddler

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • JEREMY STAAB

    President

    Total calculated
    $0
    Hours/week
    1

  • PAMELA SPONG

    Vice President

    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. 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349319005

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