2019-09-04T09:33:18-05:00 2018-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2018-01-01 363608635 BLACK HILLS AREA COMMUNITY FOUNDATION BLAC 6057180112 803 ST JOSEPH STREET RAPID CITY SD 57701 ELIZABETH HAMBURG EXECUTIVE DIRECTOR 6057180112 2019-09-03 true TRACI HANSON CPA P02055725 6053425630 2019-09-04 96.2.194.12 2019-09-04 09:33:18 CD P D350269B6C1E361BFE3BE5786FA149191CA99CAB E53E299D632A2F3380C7096F4AC8ED82BE7794F0 2018 2019-02-21 02:37:17Z X ELIZABETH HAMBURG 20238806 false X WWW.BHACF.ORG X 1987 SD EDUCATIONAL, SCIENTIFIC, LITERARY AND CHARITABLE SUPPORT IN BROAD AREAS INCLUDING DEVELOPMENT OF BOTH QUALITY AND QUANTITY OF ECONOMIC GROWTH IN THE RAPID CITY AND BLACK HILLS AREA 17 17 10 2 0 3224198 6867735 0 762792 828898 9193 9251 3996183 7705884 1643710 1807748 0 186911 545402 0 0 678634 366804 2509255 2719954 1486928 4985930 22453381 25739170 10443861 9939848 12009520 15799322 EDUCATIONAL, SCIENTIFIC, LITERARY AND CHARITABLE SUPPORT IN BROAD AREAS INCLUDING DEVELOPMENT OF BOTH QUALITY AND QUANTITY OF ECONOMIC GROWTH IN THE RAPID CITY AND BLACK HILLS AREA false false 2586962 1807748 THE FOUNDATION PROVIDES EDUCATIONAL SCHOLARSHIPS AND DONATIONS TO VARIOUS COMMUNITY ORGANIZATIONS IN ORDER TO IMPROVE THE QUALITY OF LIFE OF THE PEOPLE IN THE BLACK HILLS REGION. 60129 THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. 2647091 true true false false false true false false true true true false true false false true true false false false false false false false false false false true true false false false false false false false false false true false false false false false false false false true 13 0 10 true false false false false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true true true true true false SD X ELIZABETH HAMBURG 6057180112 803 ST JOSEPH STREET RAPID CITY SD 57701 JAMES OLSON PAST CHAIR 1.00 X X 0 0 0 ERIKA KROETCH CAMPBELL CHAIR 1.00 X X 0 0 0 FRANCES BECKER VICE CHAIR 1.00 X X 0 0 0 ROB MUDGE SECRETARY 1.00 X X 0 0 0 MARGARET PRAHL TREASURER 1.00 X X 0 0 0 STEVE FLANERY DIRECTOR 1.00 X 0 0 0 MARNIE HERRMANN DIRECTOR 1.00 X 0 0 0 KAY S JORGENSEN DIRECTOR 1.00 X 0 0 0 URLA MARCUS DIRECTOR 1.00 X 0 0 0 SANDRA MCFARLAND DIRECTOR 1.00 X 0 0 0 PATRICK BURCHILL TRUSTEE/DIRE 1.00 X 0 0 0 ED STARR DIRECTOR 1.00 X 0 0 0 JACQUE FULLER DIRECTOR 1.00 X 0 0 0 HAVEN STUCK DIRECTOR 1.00 X 0 0 0 MAEGEN WALLUM DIRECTOR 1.00 X 0 0 0 DR ROGER WILSON DIRECTOR 1.00 X 0 0 0 EVERETT HOYT TRUSTEE/DIRE 1.00 X 0 0 0 ELIZABETH HAMBURG EXECUTIVE DI 40.00 X 98487 0 5208 98487 5208 false false false 6867735 457164 6867735 421497 421497 12823239 117084 12532922 290317 117084 407401 407401 CASH VALUE LIFE INSURANCE 9215 9215 MISCELLANEOUS REV 36 36 9251 7705884 36 838113 1793748 1793748 14000 14000 98487 70578 27909 387251 375683 11568 12191 10962 1229 10633 7975 2658 36840 34915 1925 53113 50202 2911 60129 60129 79063 79063 1711 1711 22159 18167 3992 22832 19407 3425 37056 31456 5600 23170 21675 1495 11202 8246 2956 6110 1833 4277 24369 21451 2918 SUPPLIES & SPEC EVENTS 25890 25890 2719954 2647091 72863 0 2792794 5055685 370000 323668 5116 6386 2033810 21693 18228 2012117 19212289 18278080 54954 63234 22453381 25739170 32095 18389 4000000 4000000 6411766 5921459 10443861 9939848 X 11370388 15167743 381119 373566 258013 258013 12009520 15799322 22453381 25739170 X 4985930 -1686435 490307 X false true X true false X 2991255 3259652 3683259 3224198 6867735 20026099 2991255 3259652 3683259 3224198 6867735 20026099 7738474 12287625 316851 233409 253621 320492 421497 1545870 8190 8369 8643 8971 9215 43388 21615357 258 0.56850 0.73650 X PART II, LINE 10 OTHER INCOME 34,173 26 1970614 893782 5532632 true true false true X 7169795 588842 -453608 355726 6969303 6025167 395388 1028481 279241 7169795 6506082 361601 444527 1287043 6025167 6779329 230728 -175069 328906 6506082 6509802 199338 362641 292452 6779329 0.95000 0.04000 0.01000 false false 1143 159 984 32667 21534 11133 2000000 2000000 2012117 COMMON STOCK 8038464 F MUTUAL FUNDS 6470351 F TREASURY BONDS 2480890 F DEBT INSTRUMENTS 1072586 F CLOSED END FUNDS 215789 F 18278080 X 6286796 -1686435 5300 581147 -1099988 7386784 319100 319100 7705884 2496994 5300 190222 195522 2301472 418482 418482 2719954 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE FOUNDATION ACTS AS AN AGENT FOR DONORS BY RECEIVING ASSETS UNDER AGREEMENTS IN WHICH THE DONOR HAS NAMED ITSELF AS THE BENEFICIARY. FOR FINANCIAL STATEMENT PURPOSES, THE FOUNDATION HAS RECOGNIZED A LIABILITY TO THE DONOR. FOR INCOME TAX REPORTING THE FOUNDATION RECORDS CONTRIBUTIONS RECEIVED. THE DONORS INTEND TO ENDOW SUCH FUNDS WITH THE FOUNDATION, AND EXPECT THAT CERTAIN PRINCIPAL AND INVESTMENT GAIN OR LOSS WILL BE RETURNED. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION IS NOT CONSIDERED A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(1) AND QUALIFES FOR DEDUCTIBLE CONTRIBUTIONS UNDER SECTION 170(B)(1)(A)(VI). THE FOUNDATION IS NOT LIABLE FOR INCOME TAXES IF IT OPERATES WITHIN THE CONFINES OF ITS EXEMPT STATUS. HOWEVER, THE FOUNDATION MAY BE RESPONSIBLE FOR TAXES ON UNRELATED BUSINESS ACTIVITIES. IN THE EVENT OF AN EXAMINATION OF THE INCOME TAX RETURNS BY TAXING AUTHORITIES, THE TAX LIABILITY OF THE FOUNDATION COULD BE CHANGED IF AN ADJUSTMENT IN THE TAX-EXEMPT PURPOSE IS DETERMINED OR THE TAXING AUTHORITIES DETERMINE THE FOUNDATION HAS ENGAGED IN UNRELATED BUSINESS ACTIVITES. THERE WER NO UNREALTED BUSINESS ACTIVITES FOR THE YEAR ENDED DECEMBER 31, 2018. AS OF DECEMBER 31, 2018, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATION, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN THE TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. INTEREST AND PENALTIES ASSED BY INCOME TAXING AUTORITIES, IF ANY, ARE INCLUDED IN INTEREST EXPENSE. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUND MANAGEMENT FEES 190,222 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 390,925 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 231,617 INTERFUND CLASSIFICATIONS 27,354 INVESTMENT FEES 60,129 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUND MANAGEMENT FEES 190,222 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 358,353 INVESTMENT EXPENSE 60,129 true AMERICAN RED CROSS 1221 N MAPLE AVENUE RAPID CITY SD 57701 530196605 3 30000 COMMUNITY WELFARE BEHAVIOR MANGAGEMENT SYSTEMS 350 ELK ST RAPID CITY SD 57701 460251185 3 20000 COMMUNITY WELFARE BIG BROTHERS BIG SISTERS 425 KANSAS CITY ST RAPID CITY SD 57701 460282706 3 57919 COMMUNITY WELFARE BLACK HILLS COMMUNITY LOAN FUND 1010 9TH STREET STE 13 RAPID CITY SD 57701 262504959 3 6500 COMMUNITY WELFARE BLACK HILLS RAPTOR CENTER PO BOX 9713 RAPID CITY SD 57709 274423598 3 12000 COMMUNITY WELFARE BLACK HILLS WORKS FOUNDATION 3650 RANGE ROAD RAPID CITY SD 57702 460363653 3 18442 COMMUNITY WELFARE BOYS AND GIRLS CLUB OF THE BLACK HI PO BOX 677 HILL CITY SD 57745 460332124 3 318642 COMMUNITY WELFARE CASA 7TH CIRCUIT 2650 JACKSON BOULEVARD RAPID CITY SD 57702 460399483 3 10000 COMMUNITY WELFARE CHILDRENS HOME FOUNDATION 801 NORTH SYCAMORE SIOUX FALLS SD 57101 460366277 3 98069 COMMUNITY WELFARE FEEDING SOUTH DAKOTA 3511 N 1ST AVE SIOUX FALLS SD 57104 363293534 3 100000 COMMUNITY WELFARE FISHER HOUSE FOUNDATION 299 PARK AVENUE SUITE NEW YORK NY 10171 113158401 3 20000 COMMUNITY WELFARE HAAKON SCHOOL DISTRICT NO 27-1 PO BOX 730 PHILIP SD 57567 460309945 GOV 19300 COMMUNITY WELFARE HUMANE SOCIETY OF THE BLACK HILLS 1820 E ST PATRICK ST RAPID CITY SD 57701 460396967 3 25688 COMMUNITY WELFARE MAKE A WISH SOUTH DAKOTA 1400 W 17TH STREET SIOUX FALLS SD 57104 460375953 3 10000 COMMUNITY WELFARE MAMMOTH SITE OF HOT SPRINGS 1800 HWY 18 TRUCK RT HOT SPRINGS SD 57747 460337824 3 53000 COMMUNITY WELFARE OPERATION SMILE 6435 TIDEWATER DRIVE NORFOLK VA 23509 541460147 3 20000 COMMUNITY WELFARE PATHWAYS SPIRITUAL SANCTUARY INC 21793 JUSO RANCH RD LEAD SD 57754 452790387 3 42500 COMMUNITY WELFARE PHILIP HEALTH SERVICES PO BOX 790 PHILIP SD 57567 460361016 3 9300 COMMUNITY WELFARE RAPID CITY ARTS COUNCIL 713 SEVENTH STREET RAPID CITY SD 57701 237176252 3 31766 COMMUNITY WELFARE RAPID CITY CHRISTAIN SCHOOL 23757 AREAN DRIVE RAPID CITY SD 57702 460363353 3 10000 EDUCATION RAPID CITY LIBRARY FOUNDATION PO BOX 1015 RAPID CITY SD 57709 460442680 3 44981 EDUCATION RIMROCK EVANGELICAL FREE CHURCH 12200 W HIGHWAY 44 RAPID CITY SD 57702 410721672 3 7000 COMMUNITY WELFARE RONALD MCDONALD HOUSE CHARITIES PO BOX 96066 WASHINGTON DC 20090 460371152 3 10000 COMMUNITY WELFARE RUSHMORE MUSIC FESTIVAL 1267 RANGE VIEW CIRCLE RAPID CITY SD 57702 473451302 3 6500 COMMUNITY WELFARE SALVATION ARMY 405 N CHERRY AVE RAPID CITY SD 57701 362167910 3 40300 COMMUNITY WELFARE SD PARKS AND WILDLIFE FOUNDATION 523 EAST CAPITOL PIERRE SD 57501 460387968 3 60000 EDUCATION SPECIAL OLYMPICS OF SOUTH DAKOTA 800 EI-90 LANE SIOUX FALLS SD 57104 460359776 3 10500 COMMUNITY WELFARE ST JUDE CHILDRENS RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS TN 38105 620646012 3 10000 COMMUNITY WELFARE THE HOPE CENTER 615 KANSAS CITY STREET RAPID CITY SD 57701 464167577 3 12000 COMMUNITY WELFARE THE VOICE OF THE MARTYRS INC 1815 SE BISON RD BARTLESVILLE OK 74006 731395057 3 25000 COMMUNITY WELFARE WAVI 527 QUINCY STREET RAPID CITY SD 57701 460355127 3 27050 COMMUNITY WELFARE WDTI FOUNDATION 800 MICKELSON DR RAPID CITY SD 57703 460340050 3 6808 EDUCATION WELLFULLY 3402 COTTONWOOD STREET RAPID CITY SD 57702 460414463 3 9750 COMMUNITY WELFARE WESTHILLS VILLAGE FOUNDATION 255 TEXAS STREET RAPID CITY SD 57701 363634283 3 40000 COMMUNITY WELFARE WORLD VISION INC MS 353 PO BOX 9716 FEDERAL WAY WA 98063 951922279 3 25000 COMMUNITY WELFARE WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD STE 300 JACKSONVILLE FL 32256 202370934 3 10000 CUMMUNITY WELFARE YOUNG LIFE 318 MT RUSHMORE ROAD RAPID CITY SD 57701 830385934 3 33000 COMMUNITY WELFARE YOUTH AND FAMILY SERVICES PO BOX 2813 RAPID CITY SD 577092813 466017085 3 27485 COMMUNITY WELFARE ALLIANCE CITY PARK FOUNDATION PO BOX 51 ALLIANCE NE 69301 470831206 3 80000 COMMUNITY WELFARE CHAMBER MUSIC FESTIVAL OF THE BH 3213 W MAIN ST 209 RAPID CITY SD 57702 274374146 6500 COMMUNITY WELFARE COMMUNITY HEALTH CENTER OF THE BH 350 PINE STREET RAPID CITY SD 57701 460418932 3 8690 COMMUNITY WELFARE FORK REAL COMMUNITY CAFE 324 ST JOSEPH STREET RAPID CITY SD 57702 813611770 3 8804 COMMUNITY WELFARE JESUS FILM PROJECTCRU HEADQUARTERS 100 LAKE HART DR ORLANDO FL 32832 956006173 15000 COMMUNITY WELFARE NAU FOUNDATION 5301 MT RUSHMORE RD RAPID CITY SD 57709 237010355 3 75250 EDUCATION RAPID CITY CLUB FOR BOYS INC 320 N 4TH ST RAPID CITY SD 57709 460277778 3 10750 COMMUNITY WELFARE RUSHMORE HOCKEY AND SKATING ASSOCIA PO BOX 832 RAPID CITY SD 57709 411942405 3 6000 COMMUNITY WELFARE SEEING EYE INC PO BOX 375 MORRISTOWN NJ 07963 221539721 3 10114 COMMUNITY WELFARE SCHOLARSHIPS 13 14000 SCHEDULE I, PAGE 1, PART I, LINE 2 TO ENSURE THAT FUNDS ARE USED TO MEET THE COMMUNITY'S CHARITABLE NEEDS: 1) RECOMMENDATIONS OF GRANTEES BY DONOR ADVISORS OR EXPENDITURES BY FISCAL SPONSORSHIP CONTACTS ARE REQUIRED IN WRITING. 2) RECOMMENDATIONS FOR DISTRIBUTIONS FROM DONOR ADVISED FUNDS ARE REVIEWED BY STAFF TO ASSURE COMPLIANCE WITH ALL REQUIREMENTS AND REGULATIONS. STAFF WILL VERIFY THE STATUS OF THE RECOMMENDED RECIPIENT USING A REALTIME DATABASE SUCH AS GUIDESTAR. A DATED COPY OF THE DONOR ADVISOR'S WRITTEN RECOMMENDATION AND SUPPORTING DOCUMENTATION REGARDING THE ORGANIZATION'S STATUS WILL BE PLACED IN THE FUND'S PERMANENT FILE. 3) AS NEEDED, RECOMMENDATIONS FOR GRANT DISTRIBUTIONS WILL BE BROUGHT TO THE EXECUTIVE COMMITTEE OR BOARD OF DIRECTORS FOR APPROVAL. 4) STAFF SHALL MAINTAIN ON FILE ANNUAL REPORTS, NEWSLETTERS, AND IRS LETTERS DETERMINING TAX EXEMPT STATUS ABOUT NONPROFIT ORGANIZATIONS WHOSE MISSIONS ARE CONSISTENT WITH THE GOALS OF THE FOUNDATION. 5) GRANTEES RECEIVING COMPETITIVE GRANT AWARDS ARE NOTIFIED IN WRITING THE PURPOSE OF THE GRANT FUNDS AND TIMEFRAME WHEN THE MONEY IS DISTRIBUTED. A GRANT REPORT AT THE CONCLUSION OF THE GRANT PERIOD IS REQUIRED TO VERIFY COMPLIANCE WITH THE RESTRICTIONS AS COMMUNICATED. THE FOUNDATION MAINTAINS AND OPERATES UNDER A STRICT WRITTEN POLICY FOR AWARDING SCHOLARSHIPS, FELLOWSHIPS, AND OTHER GRANTS TO INDIVIDUALS. SUCH POLICY PROVIDES FOR COMPLETE CONTROL OF THE NOMINATION AND AWARD PROCESS BY THE FOUNDATION. SUCH PROCESS REQUIRES THAT DOCUMENTATION BE MAINTAINED FOR THREE YEARS FOLLOWING THE DATE OF THE AWARD. X 17 455570 FAIR MARKET VALUE X SUPPLIES 1 1594 FAIR MARKET VALUE false true false FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION'S PROCEDURES USED TO REVIEW FORM 990 THE BOARD REVIEWS THE 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C PERSONS COVERED UNDER THE POLICY INCLUDE ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS. ALL INTERESTED PERSONS HAVE A DUTY TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE REMAINING BOARD OR COMMITTEE MEMBERS THEN DECIDE IF A CONFLICT OF INTEREST EXISTS. THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION IS IN THE ORGANIZATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE. IF THE GOVERNING BOARD HAS REASONABLE CAUSE TO BELIEVE SOMEONE HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, SAID PERSON HAS OPPORTUNITY TO EXPLAIN AND APPROPRIATE DISCIPLINARY/CORRECTIVE ACTION IS TAKEN. THE ABOVE SHALL BE DOCUMENTED IN THE BOARD MINUTES. ANNUALLY ALL PERSONS COVERED BY THE POLICY SHALL SIGN A STATEMENT WHICH AFFIRMS THEY HAVE RECEIVED, READ, AND AGREE WITH THE POLICY AND HAVE DISCLOSED ALL KNOWN ACTUAL AND POSSIBLE CONFLICTS. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE TAX-EXEMPT STATUS, PERIODIC REVIEWS ARE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 15A THE FOUNDATION EMPLOYS A CEO. NO OTHER OFFICERS OR KEY EMPLOYEES EXIST. ANNUALLY, THE CEO PROVIDES A SUMMARY MEMO TO THE CHAIRMAN REVIEWING PROGRESS TOWARD GOALS. THE CHAIRMAN REVIEWS, CONSULTS WITH THE EXECUTIVE COMMITTEE ACTING AS A PERSONNEL COMMITTEE, AND PROVIDES BOTH VERBAL AND WRITTEN FEEDBACK. AFTER REVIEWING COMPARABLE SALARY DATA AS RECEIVED FROM PEER ORGANIZATIONS, THE PERSONNEL COMMITTEE MAY THEN RECOMMEND A RAISE, WHICH IS SHARED WITH THE BOARD OF DIRECTORS. THE RECOMMENDATION IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 15B SAME PERSONS AS 15A. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST, AS STATED IN THE FOUNDATION'S ANNUAL REPORT THAT IS POSTED ON THE FOUNDATION'S WEBSITE. FORM 990, PART XI, LINE 9 FUND MANAGEMENT FEES 190,222 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 390,925 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -231,617 INTERFUND CLASSIFICATIONS -27,354 INVESTMENT FEES -60,129 FUND MANAGEMENT FEES -190,222 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 358,353 INVESTMENT EXPENSE 60,129 TOTAL 490,307