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Nonprofiteer
← BLACK HILLS WORKS FOUNDATION INC

Form 990 for tax year 2024

Filed by BLACK HILLS WORKS FOUNDATION INC.

Totals

Total revenue
$2,951,285
Total expenses
$2,733,071
Contributions and grants received
$1,131,254
Grants paid
$892,231
Program service revenue
$514,602
Investment income
$1,269,681
Other revenue
$35,748
Total assets, end of year
$35,758,794
Total liabilities, end of year
$856,134
Net assets or fund balances, end of year
$34,902,660
Program services expenses (Part IX)
$1,917,815
Management and general expenses
$158,805
Fundraising expenses
$656,451
Program service expenses (Part III)
$1,917,815

Program services were 70.2% 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.

  • 1c · Fundraising events

    $98,945

  • 1e · Government grants (contributions)

    $17,561

  • 1f · All other contributions, gifts and grants

    $1,014,748

  • 1g · Noncash contributions included above

    $87,478

  • 2a · Program service revenue: RENTS FROM ELIGIBLE TENANTS

    total $514,602 · related or exempt $514,602

  • 3 · Investment income

    total $471,369 · excluded $471,369

  • 6a · Gross rents

    real property $107,859

  • 6b · Less rental expenses

    real property $63,451

  • 6c · Rental income or loss

    real property $44,408

  • 6d · Net rental income or loss

    total $44,408 · excluded $44,408

  • 7a · Gross sales of assets other than inventory

    securities $4,338,717

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

    securities $3,540,405

  • 7c · Gain or loss

    securities $798,312

  • 7d · Net gain or loss

    total $798,312 · excluded $798,312

  • 8a · Fundraising events: gross income

    $45,730

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

    $98,945

  • 8b · Fundraising events: direct expenses

    $74,534

  • 8c · Net income from fundraising events

    total -$28,804 · excluded -$28,804

  • 11a · Other revenue: LAUNDRY INCOME

    total $4,483 · related or exempt $4,483

  • 11d · All other revenue

    total $15,661 · excluded $15,661

  • 11e · Other revenue, total

    $20,144

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $892,231 · program services $892,231

  • 11a · Fees: management

    total $24,492 · program services $24,492

  • 11c · Fees: accounting

    total $26,863 · management and general $26,863

  • 11f · Fees: investment management

    total $107,187 · management and general $107,187

  • 11g · Fees: other

    total $565,964 · fundraising $565,964

  • 12 · Advertising and promotion

    total $40,761 · fundraising $40,761

  • 13 · Office expenses

    total $47,087 · program services $6,670 · management and general $23,958 · fundraising $16,459

  • 14 · Information technology

    total $4,526 · management and general $226 · fundraising $4,300

  • 16 · Occupancy

    total $184,423 · program services $181,291 · fundraising $3,132

  • 17 · Travel

    total $171 · management and general $9 · fundraising $162

  • 19 · Conferences, conventions and meetings

    total $2,028 · management and general $101 · fundraising $1,927

  • 20 · Interest

    total $12,904 · program services $12,904

  • 22 · Depreciation, depletion and amortization

    total $373,529 · program services $365,153 · fundraising $8,376

  • 23 · Insurance

    total $47,177 · program services $47,177

  • 24a · Other expenses: MAINTENANCE EXPENSE

    total $337,714 · program services $337,714

  • 24b · Other expenses: SPECIAL PROJECTS

    total $50,183 · program services $50,183

  • 24c · Other expenses: FUNDRAISING EXPENSE

    total $9,770 · fundraising $9,770

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $868 · fundraising $868

  • 24e · All other expenses

    total $5,193 · management and general $461 · fundraising $4,732

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $132,456 · end of year $274,681

  • 4 · Accounts receivable

    beginning of year $39,348 · end of year $35,330

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,310 · end of year $31,047

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

    $11,590,629

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

    $4,100,650

  • 10c · Land, buildings and equipment, net

    beginning of year $7,537,242 · end of year $7,489,979

  • 11 · Investments: publicly traded securities

    beginning of year $25,535,613 · end of year $27,286,717

  • 15 · Other assets

    beginning of year $601,506 · end of year $641,040

  • 17 · Accounts payable and accrued expenses

    beginning of year $390,118 · end of year $222,434

  • 19 · Deferred revenue

    beginning of year $5,000 · end of year $1,200

  • 23 · Secured mortgages and notes payable

    beginning of year $764,282 · end of year $632,500

  • 27 · Net assets without donor restrictions

    beginning of year $31,474,412 · end of year $33,340,867

  • 28 · Net assets with donor restrictions

    beginning of year $1,217,663 · end of year $1,561,793

Mission and programs · 2024

Mission

THE BLACK HILLS WORKS FOUNDATION, INC. IS COMMITTED TO ENRICHING THE LIVES OF PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES NOW AND INTO THE FUTURE. THIS IS ACCOMPLISHED THROUGH RESOURCE DEVELOPMENT, CREATING AWARENESS, PROVIDING ADVOCACY, ENGAGING SUPPORTERS, AND MANAGING ASSETS TO SUPPORT THEIR IMMEDIATE AND LONG-TERM NEEDS.

  • BLACK HILLS WORKS FOUNDATION, INC. SECURED RESOURCES THAT SUPPORTED THE NEEDS OF MORE THAN 480 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. RESOURCES WERE SECURED THROUGH COMMUNITY DONATIONS, GRANT INCOME, SPONSORSHIPS, FUNDRAISING EVENTS, IN-KIND GIFTS, AND SECURITIES AND INTEREST. IN 2024, THESE RESOURCES HELPED FULFILL 1,000 REQUESTS FROM 482 INDIVIDUALS, BASED ON FINANCIAL NEED. THIS INCLUDED REQUESTS TO MEET INDIVIDUAL GOALS AND TO PROVIDE ITEMS VITAL TO PARTICIPANTS' QUALITY OF LIFE, INCLUDING GROCERIES, HYGIENE AND INCONTINENCE PRODUCTS, MEDICAL CO-PAYS, RENT ABATEMENT, TRANSPORTATION, EMPLOYMENT SUPPORTS, WELLNESS ACTIVITIES, COMMUNITY-BASED RECREATION INCLUSION OPPORTUNITIES, AND ARTS EXPRESSION. HOUSING WAS ALSO PROVIDED FOR MORE THAN 60 PEOPLE THROUGH AFFORDABLE HOUSING OPTIONS OWNED AND OPERATED BY THE FOUNDATION, AS WELL AS INVESTMENT IN NEW HOUSING TO SUPPORT THE NEEDS OF FUTURE RESIDENTS. PARTICIPANT STORIES OF ACHIEVEMENTS AND ACTIVITIES WERE SHARED THROUGH SOCIAL MEDIA, PRESENTATIONS, AND EVENTS, INCLUDING THE 24 INDIVIDUALS CELEBRATED AT THE FOUNDATION'S ANNUAL FUNDRAISING GALA. MORE INFORMATION ABOUT THE FOUNDATION AND ITS SUPPORT OF ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES CAN BE FOUND AT HTTPS://WWW.BLACKHILLSWORKS.ORG/GET-INVOLVED/FOUNDATION/.

    Expenses $1,917,815 · Grants $892,231 · Revenue $519,085

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brad Saathoff

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Eric Christianson

    LIAISON

    Total calculated
    $0
    Hours/week
    1

  • Chris Long

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lori Burmeister

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Dowling

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ingrid Reuter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chris Karn

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Curtis Fischer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bob Heibult

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cortney Ficken

    BOARD VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kevin Dietz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Hedrick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brad Blauvelt

    LIAISON

    Total calculated
    $0
    Hours/week
    1

  • Greg Hansen

    LIAISON

    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

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2025
IRS schema version
2024v5.1
Source object
202501259349301935

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