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Nonprofiteer
← BLACK HILLS STOCK SHOW FOUNDATION

Form 990 for tax year 2023

Filed by BLACK HILLS STOCK SHOW FOUNDATION.

Totals

Total revenue
$91,239
Total expenses
$109,511
Contributions and grants received
$190,402
Grants paid
$60,900
Program service revenue
$0
Investment income
$3,986
Other revenue
-$103,149
Total assets, end of year
$234,114
Total liabilities, end of year
$3,526
Net assets or fund balances, end of year
$230,588
Program services expenses (Part IX)
$72,145
Management and general expenses
$26,620
Fundraising expenses
$10,746
Program service expenses (Part III)
$72,145

Program services were 65.9% 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.

  • 1b · Membership dues

    $20,600

  • 1c · Fundraising events

    $147,130

  • 1f · All other contributions, gifts and grants

    $22,672

  • 3 · Investment income

    total $3,986 · excluded $3,986

  • 8a · Fundraising events: gross income

    $163,009

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

    $147,130

  • 8b · Fundraising events: direct expenses

    $266,158

  • 8c · Net income from fundraising events

    total -$103,149 · excluded -$103,149

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,400 · program services $13,400

  • 2 · Grants to domestic individuals

    total $47,500 · program services $47,500

  • 11c · Fees: accounting

    total $22,040 · management and general $22,040

  • 12 · Advertising and promotion

    total $1,667 · program services $1,667

  • 13 · Office expenses

    total $3,719 · program services $1,240 · management and general $1,239 · fundraising $1,240

  • 14 · Information technology

    total $213 · management and general $213

  • 16 · Occupancy

    total $1,518 · program services $506 · management and general $506 · fundraising $506

  • 20 · Interest

    total $61 · program services $61

  • 22 · Depreciation, depletion and amortization

    total $961 · program services $857 · management and general $104

  • 23 · Insurance

    total $2,518 · management and general $2,518

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $9,000 · fundraising $9,000

  • 24b · Other expenses: DUES

    total $4,214 · program services $4,214

  • 24c · Other expenses: STOCKMAN'S CLUB EVENT

    total $2,700 · program services $2,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,441 · end of year $157,112

  • 2 · Savings and temporary cash investments

    beginning of year $175,571 · end of year $57,081

  • 4 · Accounts receivable

    beginning of year $12,270 · end of year $1,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,800 · end of year $13,800

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

    $13,781

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

    $9,160

  • 10c · Land, buildings and equipment, net

    beginning of year $5,582 · end of year $4,621

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,804 · end of year $3,526

  • 27 · Net assets without donor restrictions

    beginning of year $225,002 · end of year $213,730

  • 28 · Net assets with donor restrictions

    beginning of year $23,858 · end of year $16,858

Mission and programs · 2023

Mission

THE FOUNDATION WAS ESTABLISHED IN 1993 TO ADMINISTER YOUTH SCHOLARSHIPS AND GRANT PROGRAMS TO BENEFIT COMMUNITIES IN OUR REGION AND ORGANIZATIONS THAT SUPPORT THE AGRICULTURE INDUSTRY.

  • PROMOTE AND ENCOURAGE AGRICULTURE, HORTICULTURE, MINING, MECHANICS AND MANUFACTURERS, STOCKRAISING, AND GENERAL DOMESTIC INDUSTRY

    Expenses $72,145 · Grants $60,900

As filed on the 2023 return.

Listed in Part VII

  • Lynn Husman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Tiffani Robertson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Vicki Schilling

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Terry Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.75

  • Bruce Blair

    HISTORIAN

    Total calculated
    $0
    Hours/week
    0.75

  • Scott Shoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Clay Cross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Jeff Cullum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Travis Bechen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

  • Tami Ravellette

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.75

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
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349308955

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