2017-09-12T16:15:28-06:00 2016-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2016-01-01 363608635 BLACK HILLS AREA COMMUNITY FOUNDATION BLAC 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 ELIZABETH HAMBURG EXECUTIVE DIRECTOR 6057180112 2017-09-11 true JOHN B WALKER CPA P00179985 6053425630 2017-09-12 08FB994DA8BBDF438ACFC81D8F499F422988F00B 55286B9921647A9DECF737468F1FFA0803458EC7 2016 2021-01-29 14:40:06Z ELIZABETH HAMBURG 9917680 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 3 113 0 3259652 3816560 0 784383 -245695 8416 8661 4052451 3579526 1270393 2246756 0 114315 186150 0 41352 771396 601643 2156104 3034549 1896347 544977 13988677 15488980 4175712 5096992 9812965 10391988 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 2874480 2246756 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. THE FOUNDATION ALSO ADMINISTERS EXPENSES RELATED TO THE BLACK HILLS KNOWLEDGE NETWORK. THIS WEBSITE'S MISSION IS TO CONNECT PEOPLE TO IDEAS AND LOCAL INFORMATION TO STRENGTHEN OUR COMMUNITY USING ACCESSIBLE, CREDIBLE, AND AUTHORITATIVE INFORMATION. 26357 THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. 2900837 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 15 0 3 true 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 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 JAMES OLSON CHAIR 1.00 X X 0 0 0 ROBERT PAULSON PAST CHAIR 1.00 X X 0 0 0 ERIKA KROETCH CAMPBELL VICE CHAIR 1.00 X X 0 0 0 ROB MUDGE SECRETARY 1.00 X X 0 0 0 FRANCES BECKER TREASURER 1.00 X X 0 0 0 STEVE FLANERY DIRECTOR 1.00 X 0 0 0 LIA GREEN DIRECTOR 1.00 X 0 0 0 MARNIE HERRMANN CHAIR 1.00 X 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 MARGARET PRAHL DIRECTOR 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 RICHARD WAHLSTROM DIRECTOR 1.00 X 0 0 0 DR ROGER WILSON DIRECTOR 1.00 X 0 0 0 ELIZABETH HAMBURG EXECUTIVE DI 40.00 X 85004 0 8500 85004 8500 false false false 3816560 680675 3816560 140780 140780 5897509 54170 6338154 -440645 54170 -386475 -386475 CASH VALUE LIFE INSURANCE 8643 8643 MISCELLANEOUS REV 18 18 8661 3579526 18 -237052 2231756 2231756 15000 15000 85004 46752 25501 12751 78388 43114 23516 11758 6520 3586 1956 978 3000 1650 900 450 13238 7281 3971 1986 55318 30425 24893 26357 26357 8260 4130 4130 14448 7946 3612 2890 9357 5147 2339 1871 3454 1900 863 691 13470 7408 3368 2694 3284 1806 821 657 2480 1364 620 496 SEE EXPLAN SCH O 465215 465215 3034549 2900837 92360 41352 3143187 3178802 41909 23878 421860 406202 4593 2900 33809 9232 6749 24577 10333465 11805390 36914 47231 13988677 15488980 11015 10501 78000 4086697 5086491 4175712 5096992 X 5816233 9569729 3738719 564246 258013 258013 9812965 10391988 13988677 15488980 544977 898533 78000 -942487 X false true X true false X 2300049 4990459 2991255 3259652 3683259 17224674 2300049 4990459 2991255 3259652 3683259 17224674 3780643 13444031 235815 318626 316851 233409 253621 1358322 15917 8190 8369 8643 41119 18624115 78897 0.72190 0.72480 X PART II, LINE 10 OTHER INCOME 41,119 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24 1378609 1369389 4559357 true true false true X 6506082 361601 444527 1287043 6025167 6779329 230728 -175069 328906 6506082 6509802 199338 362641 292452 6779329 5603150 186749 878600 158697 6509802 2978448 2225799 575128 176225 5603150 0.95000 0.04000 0.01000 false false 1142 6 1136 32667 9226 23441 24577 COMMON STOCK 5136768 F MUTUAL FUNDS 5073131 F DEBT INSTRUMENTS 1444500 F CLOSED END FUNDS 150991 F 11805390 X 3446378 898533 5958 -202945 701546 2744832 834694 834694 3579526 2945355 5958 116003 121961 2823394 211155 211155 3034549 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 QUALIFIES 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 IF THE TAXING AUTHORITIES DETERMINE THE FOUNDATION HAS ENGAGED IN UNRELATED BUSINESS ACTIVITIES. AS OF DECEMBER 31, 2016, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE FOUNDATION BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. INTEREST AND PENALTIES ASSESSED BY INCOME TAXING AUTHORITIES, IF ANY, ARE INCLUDED IN INTEREST EXPENSE. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUND MANAGEMENT FEES 116,003 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS -318,948 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 834,694 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUND MANAGEMENT FEES 116,003 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 211,155 true AMERICAN RED CROSS 1221 N MAPLE AVENUE RAPID CITY SD 57701 530196605 3 30000 COMMUNITY WELFARE BIG BROTHERS BIG SISTERS 425 KANSAS CITY ST RAPID CITY SD 57701 460282706 3 48440 COMMUNITY WELFARE CHILDRENS HOME FOUNDATION 801 NORTH SYCAMORE SIOUX FALLS SD 57101 460366277 3 96673 COMMUNITY WELFARE CHRISTIAN LIFE MINISTRIES PO BOX 9272 RAPID CITY SD 57709 460366395 3 5500 COMMUNITY WELFARE CITY OF RAPID CITY 300 6TH STREET RAPID CITY SD 57701 466000380 3 7000 COMMUNITY WELFARE FISHER HOUSE FOUNDATION 299 PARK AVENUE SUITE NEW YORK NY 10171 113158401 3 20000 COMMUNITY WELFARE FRIENDS OF SDPB PO BOX 5000 VERMILLION SD 57069 237310698 3 9926 COMMUNITY WELFARE HUMANE SOCIETY OF THE BLACK HILLS 1820 E ST PATRICK ST RAPID CITY SD 57701 460396967 3 31977 COMMUNITY WELFARE NATIONAL MS UPPER MIDWEST CHAPTER 200 12 AVENUE MINNEAPOLIS MN 55415 410790658 3 25000 COMMUNITY WELFARE OPERATION SMILE 6435 TIDEWATER DRIVE NORFOLK VA 23509 541460147 3 20000 COMMUNITY WELFARE RAPID CITY LIBRARY FOUNDATION PO BOX 1015 RAPID CITY SD 57709 460442680 1 45367 EDUCATION RIMROCK EVANGELICAL FREE CHURCH 12200 W HIGHWAY 44 RAPID CITY SD 57702 410721672 3 10000 COMMUNITY WELFARE SALVATION ARMY 405 N CHERRY AVE RAPID CITY SD 57701 362167910 3 50200 COMMUNITY WELFARE SD PARKS AND WILDLIFE FOUNDATION 523 EAST CAPITOL PIERRE SD 57501 460387968 3 60000 EDUCATION WAVI 527 QUINCY STREET RAPID CITY SD 57701 460355127 3 10000 COMMUNITY WELFARE WELLSPRING 3402 COTTONWOOD STREET RAPID CITY SD 57702 460414463 3 11800 COMMUNITY WELFARE WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD STE 300 JACKSONVILLE FL 32256 202370934 3 10000 CUMMUNITY WELFARE YOUTH AND FAMILY SERVICES PO BOX 2813 RAPID CITY SD 577092813 466017085 3 309500 COMMUNITY WELFARE BOYS AND GIRLS CLUB OF THE BLACK HI PO BOX 109 HOT SPRINGS SD 57747 460332124 3 37378 COMMUNITY WELFARE HAAKON SCHOOL DISTRICT NO 27-1 PO BOX 730 PHILIP SD 57567 460309945 GOV 9300 COMMUNITY WELFARE MAKE A WISH SOUTH DAKOTA 1400 W 17TH STREET SIOUX FALLS SD 57104 460375953 3 10000 COMMUNITY WELFARE PASSAGES PO BOX 9614 RAPID CITY SD 57709 800486496 3 10000 COMMUNITY WELFARE RAINBOW BIBLE RANCH 14676 LONETREE RD STURGIS SD 57785 460359883 3 10000 COMMUNITY WELFARE ST JUDE CHILDRENS RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS TN 38105 620646012 3 10000 COMMUNITY WELFARE YFS FOUNDATION PO BOX 2813 RAPID CITY SD 57709 202142760 3 5537 COMMUNITY WELFARE RURAL AMERICA INITIATIVES 919 MAIN ST 101 RAPID CITY SD 57701 460390273 3 103500 COMMUNITY WELFARE BLACK HILLS COMMUNITY LOAN FUND 1010 9TH STREET STE 13 RAPID CITY SD 57701 262504959 3 5800 COMMUNITY WELFARE BLACK HILLS RAPTOR CENTER PO BOX 9713 RAPID CITY SD 57709 274423598 3 10000 COMMUNITY WELFARE BLACK HILLS RECOVERY NETWORK PO BOX 232 HERMOSA SD 57744 263174219 3 11108 COMMUNITY WELFARE LOVE INC PO BOX 3255 RAPID CITY SD 57702 460460539 3 6300 COMMUNITY WELFARE PATHWAYS SPIRITUAL SANCTUARY INC 21793 JUSO RANCH RD LEAD SD 57754 452790387 3 14000 COMMUNITY WELFARE RAPID CITY ARTS COUNCIL 713 SEVENTH STREET RAPID CITY SD 57701 237176252 3 6644 COMMUNITY WELFARE RONALD MCDONALD HOUSE CHARITIES PO BOX 96066 WASHINGTON DC 20090 460371152 3 10000 COMMUNITY WELFARE SPEARFISH CHAMBER OF COMMERCE 430 ORIOLE SPEARFISH SD 57783 466015498 3 7500 COMMUNITY WELFARE SPECIAL OLYMPICS OF SOUTH DAKOTA 800 EI-90 LANE SIOUX FALLS SD 57104 460359776 3 15000 COMMUNITY WELFARE THE HOPE CENTER 615 KANSAS CITY STREET RAPID CITY SD 57701 464167577 3 5800 COMMUNITY WELFARE WOMEN ESCAPING A VIOLENT ENV PO BOX 729 CUSTER SD 57730 460409941 3 7500 COMMUNITY WELFARE WORLD VISION INC MS 353 PO BOX 9716 FEDERAL WAY WA 98063 951922279 3 967275 COMMUNITY WELFARE YMCA OF RAPID CITY 815 KANSAS CITY ST RAPID CITY SD 57701 460227218 3 10350 COMMUNITY WELFARE SCHOLARSHIPS 14 15000 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 11 680675 FAIR MARKET VALUE false true false FORM 990 PAGE 10, PART IX, STATEMENT OF FUNCTIONAL EXPENSES, LINE 24A; THE FOUNDATION DISBURSES MONIES THROUGHOUT THE YEAR IN ACCORDANCE WITH ITS DONOR FUND RESTRICTIONS FOR VARIOUS CHARITABLE PURPOSES. THESE MONIES TAKE THE FORM OF SALARY REIMBURSEMENTS, SUPPLIES, EQUIPMENT, TRAINING, TRAVEL, ETC. FOR PURPOSES OF REPORTING IN THIS TAX RETURN, THESE PROGRAM EXPENDITURE AMOUNTS ARE AGGREGATED AND INCLUDED ON LINE 24A PF PART IX, AND TOTALED 465,215 FOR THE YEAR. 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 116,003 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS -318,948 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -834,694 FUND MANAGEMENT FEES -116,003 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 211,155 TOTAL -942,487