Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $271,716

• 1f · All other contributions, gifts and grants

  $17,266,095

• 1g · Noncash contributions included above

  $204,235

• 3 · Investment income

  total $1,119,725 · excluded $1,119,725

• 6a · Gross rents

  real property $141,787

• 6b · Less rental expenses

  real property $142,856

• 6c · Rental income or loss

  real property -$1,069

• 6d · Net rental income or loss

  total -$1,069 · related or exempt $10,400 · unrelated business -$11,469

• 7a · Gross sales of assets other than inventory

  securities $6,530,739 · other assets $119,664

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

  securities $6,001,951

• 7c · Gain or loss

  securities $528,788 · other assets $119,664

• 7d · Net gain or loss

  total $648,452 · excluded $648,452

• 8a · Fundraising events: gross income

  $668,035

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

  $271,716

• 8b · Fundraising events: direct expenses

  $145,948

• 8c · Net income from fundraising events

  total $522,087 · excluded $522,087

• 9a · Gaming: gross income

  $111,866

• 9b · Gaming: direct expenses

  $42,706

• 9c · Net income from gaming

  total $69,160 · excluded $69,160

• 10a · Gross sales of inventory

  $77,768

• 10b · Cost of goods sold

  $43,810

• 10c · Net income from sales of inventory

  total $33,958 · related or exempt $33,958

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $266,680 · program services $266,680

• 2 · Grants to domestic individuals

  total $2,795,238 · program services $2,795,238

• 7 · Other salaries and wages

  total $11,495 · management and general $11,495

• 10 · Payroll taxes

  total $1,415 · management and general $1,415

• 11c · Fees: accounting

  total $110,822 · program services $6,609 · management and general $104,213

• 11f · Fees: investment management

  total $124,182 · management and general $124,182

• 11g · Fees: other

  total $219,732 · program services $182,730 · management and general $13,796 · fundraising $23,206

• 12 · Advertising and promotion

  total $2,349 · program services $1,984 · management and general $232 · fundraising $133

• 13 · Office expenses

  total $1,117,701 · program services $954,836 · management and general $135,334 · fundraising $27,531

• 16 · Occupancy

  total $94,369 · program services $76,907 · management and general $17,462

• 17 · Travel

  total $196,091 · program services $188,122 · management and general $7,596 · fundraising $373

• 19 · Conferences, conventions and meetings

  total $9,663 · program services $9,663

• 20 · Interest

  total $24,560 · program services $24,560

• 22 · Depreciation, depletion and amortization

  total $35,024 · management and general $35,024

• 23 · Insurance

  total $20,177 · management and general $20,177

• 24a · Other expenses: MEALS & ENT

  total $179,210 · program services $121,708 · management and general $22,601 · fundraising $34,901

• 24b · Other expenses: GIFTS & MEMORIALS

  total $57,704 · program services $19,233 · management and general $33,917 · fundraising $4,554

• 24c · Other expenses: BAD DEBT

  total $1,738 · program services -$200 · management and general $1,938

• 24d · Other expenses: SPEAKERS

  total $850 · program services $850

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250,795 · end of year $294,272

• 2 · Savings and temporary cash investments

  beginning of year $4,999,790 · end of year $5,099,921

• 3 · Pledges and grants receivable

  beginning of year $1,478,699 · end of year $3,819,966

• 4 · Accounts receivable

  beginning of year $20,975 · end of year -$1,000

• 8 · Inventories for sale or use

  end of year $12,066

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,263 · end of year $11,966

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

  $4,194,771

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

  $994,795

• 10c · Land, buildings and equipment, net

  beginning of year $3,167,829 · end of year $3,199,976

• 11 · Investments: publicly traded securities

  beginning of year $28,581,483 · end of year $35,840,309

• 15 · Other assets

  beginning of year $2,273,469 · end of year $2,391,743

• 17 · Accounts payable and accrued expenses

  beginning of year $310,605 · end of year $104,025

• 19 · Deferred revenue

  beginning of year $2,980 · end of year $41,482

• 23 · Secured mortgages and notes payable

  beginning of year $531,980 · end of year $515,305

• 25 · Other liabilities

  beginning of year $6,793,184 · end of year $144,713

• 27 · Net assets without donor restrictions

  beginning of year $3,966,956 · end of year $6,068,883

• 28 · Net assets with donor restrictions

  beginning of year $29,178,598 · end of year $43,794,811

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A

PART 1, LINE 3: OFFICERS' SALARIES ARE PAID BY BLACK HILLS STATE UNIVERSITY. COMPENSATION IS DETERMINED BY THE SOUTH DAKOTA BOARD OF REGENTS.