- Revenue 2023
- $0
- Expenses 2023
- $12,016,589
As filed
- Subsection
- 06
- Street
- PO BOX 747
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Mission and programs · 2023
Mission
TO IMPROVE THE QUALITY OF LIFE AND INCREASE PERSONAL INCOME LEVELS IN THE RAPID CITY AREA BY FOSTERING A VITAL BUSINESS CLIMATE WHICH PROVIDES QUALITY NEW JOBS, ATTRACTS NEW BUSINESS, HELPS EXISTING BUSINESS, AND PROMOTES ENTREPRENEURSHIP.
-
THE FOUNDATION HAS AN EXTREMELY ACTIVE, FOCUSED PROGRAM IN PLACE WORKING TO ATTRACT QUALITY, PRIMARY JOBS TO THE RAPID CITY AREA. PRIMARY JOBS ARE THOSE JOBS THAT BRING NEW WEALTH INTO THE COMMUNITY. THE FOUNDATION FOCUSES ITS PROGRAMS ON ATTRACTING MANUFACTURING, PROCESSING, AND SERVICE EXPORTING INDUSTRIES. THE FOUNDATION ALSO WORKS TO HELP LOCAL COMPANIES EXPAND AND RETAIN JOBS. THE FOUNDATION RECEIVES PROGRAM REVENUE FROM LEASING SPACE TO NEW AND GROWING BUSINESSES IN THE AREA.DURING 2023, THE BOARD OF DIRECTORS OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION, THE CITY OF RAPID CITY, AND THE ECONOMIC DEVELOPMENT ADMINISTRATION APPROVED ELEVATE RAPID CITY (A RELATED ORGANIZATION) ACQUIRING THE ASSETS, LIABILITIES, AND OPERATIONS OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION. THE ACQUISITION OCCURRED TO ALIGN OBJECTIVES AND COMBINE THE RESOURCES OF THE TWO ENTITIES TO BETTER PROMOTE AND SUPPORT THE RAPID CITY AND BLACK HILLS REGION. DURING 2023 THE ASSETS AND LIABILITIES OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION WERE TRANSFERRED TO AND ASSUMED BY ELEVATE RAPID CITY WITH NO CASH CONSIDERATION TRANSFERRED BETWEEN ENTITIES. THE FOUNDATION WAS OFFICIALLY DISSOLVED BY THE STATE OF SOUTH DAKOTA ON DECEMBER 8, 2023.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Officers and directors · 2023
As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
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
-
BRANDON LANCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
DICK JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
GREG LOOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
HANI SHAFAI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JANA MCCRODEN
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
-
PETE LIEN
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/CEO
- Total calculated
- $302,781
- From this org
- $265,574
- From related orgs
- $0
- Other
- $37,207
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $265,574
- Bonus
- $0
- Other
- $0
- Deferred
- $18,970
- Nontaxable benefits
- $18,237
- Filer's total
- $302,781
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. Earlier years are each on their own filing page.
Filings
-
2023
- Revenue
- $0
- Expenses
- $12,016,589
- Contributions
- $0
- Grants paid
- $12,016,589
-
2022
- Revenue
- $2,494,984
- Expenses
- $3,182,525
- Contributions
- $0
- Grants paid
- $2,128,147
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Other returns filed
-
2021 · 990
- Revenue
- $2,810,029
- Expenses
- $1,044,094
- Assets (EOY)
- $18,568,120
-
2020 · 990
- Revenue
- $2,793,030
- Expenses
- $734,246
- Assets (EOY)
- $19,180,291
-
2019 · 990
- Revenue
- $1,181,328
- Expenses
- $729,828
- Assets (EOY)
- $10,135,710
-
2018 · 990
- Revenue
- $3,140,149
- Expenses
- $657,681
- Assets (EOY)
- $9,716,886
-
2017 · 990
- Revenue
- $315,412
- Expenses
- $555,801
- Assets (EOY)
- $7,214,467
-
2016 · 990
- Revenue
- $355,584
- Expenses
- $445,075
- Assets (EOY)
- $7,419,739
-
2015 · 990
- Revenue
- $814,224
- Expenses
- $411,627
- Assets (EOY)
- $7,525,960
-
2014 · 990
- Revenue
- $316,067
- Expenses
- $434,916
- Assets (EOY)
- $7,125,226
-
2013 · 990
- Revenue
- $322,322
- Expenses
- $441,842
- Assets (EOY)
- $7,238,649
-
2012 · 990
- Revenue
- not reported
- Expenses
- $421,587
- Assets (EOY)
- $7,412,253
Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.
Grants made
-
$2,128,147
2022 ECONOMIC DEVELOPMENT PROGRAMS
-
$7,868
2023 DURING 2023, THE BOARD OF DIRECTORS OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION, THE CITY OF RAPID CITY, AND THE ECONOMIC DEVELOPMENT ADMINISTRATION APPROVED ELEVATE RAPID CITY (A RELATED ORGANIZATION) ACQUIRING THE ASSETS, LIABILITIES, AND OPERATIONS OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION. THE ACQUISITION OCCURRED TO ALIGN OBJECTIVES AND COMBINE THE RESOURCES OF THE TWO ENTITIES TO BETTER PROMOTE AND SUPPORT THE RAPID CITY AND BLACK HILLS REGION. DURING 2023 THE ASSETS AND LIABILITIES OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION WERE TRANSFERRED TO AND ASSUMED BY ELEVATE RAPID CITY WITH NO CASH CONSIDERATION TRANSFERRED BETWEEN ENTITIES. THE FOUNDATION WAS OFFICIALLY DISSOLVED BY THE STATE OF SOUTH DAKOTA ON DECEMBER 8, 2023.
Grants received
No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2023 return
-
501(C)(6) · ECONOMIC DEVELOPMENT · SD
-
501(C)(3) · ECONOMIC DEVELOPMENT · SD
Declared as related by
-
On its 2023 return
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Not present in the most recent drop.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.
What this page reflects
The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2023, the newest we have parsed for this organization.