2016-07-26T11:35:01-05:00 2015-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2015-01-01 363608635 BLACK HILLS AREA COMMUNITY FOUNDATION BLAC 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 ELIZABETH HAMBURG EXECUTIVE DIRECTOR 6057180112 2016-07-26 true JOHN B WALKER CPA P00179985 6053425630 2016-07-26 2015 2016-12-15 16:53:06Z ELIZABETH HAMBURG 11551105 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 15 15 11 15 0 2991255 3259652 0 618944 784383 18017 8416 3628216 4052451 5738249 1270393 0 128941 114315 0 30454 364543 771396 6231733 2156104 -2603517 1896347 13217592 13988677 4545486 4175712 8672106 9812965 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 2026912 1270393 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. 34793 THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. 2061705 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 5 0 11 true false false false false false false false false false false false false false X 15 15 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 KITTY KINSMAN DIRECTOR 1.00 X 0 0 0 RICHARD WAHLSTROM DIRECTOR 1.00 X 0 0 0 JAMES OLSON TREASURER 1.00 X X 0 0 0 LIA GREEN DIRECTOR 1.00 X 0 0 0 KAREN SIMMONS-PARKS CHAIR 1.00 X X 0 0 0 ROBERT PAULSON VICE CHAIR 1.00 X X 0 0 0 ERIKA KROETCH CAMPBELL DIRECTOR 1.00 X 0 0 0 CASEY DERFLINGER DIRECTOR 1.00 X 0 0 0 MIKE GUILBERT DIRECTOR 1.00 X 0 0 0 URLA MARCUS DIRECTOR 1.00 X 0 0 0 ROB MUDGE SECRETARY 1.00 X X 0 0 0 BRIAN BOYER DIRECTOR 1.00 X 0 0 0 JANE FARRELL DIRECTOR 1.00 X 0 0 0 ANNA MERRILL DIRECTOR 1.00 X 0 0 0 DR ROGER WILSON DIRECTOR 1.00 X 0 0 0 JOANNE SCHRIVER EXECUTIVE DI 40.00 X 39476 0 1974 ELIZABETH HAMBURG EXECUTIVE DI 40.00 X 36181 0 1729 75657 3703 false false false 3259652 148208 3259652 233409 233409 7951661 97967 7498654 453007 97967 550974 550974 CASH VALUE LIFE INSURANCE 8369 8369 MISCELLANEOUS REV 47 47 8416 4052451 47 792752 1254324 1254324 16069 16069 79360 55552 19840 3968 23604 16523 5901 1180 11351 7946 2838 567 50879 29555 16121 5203 34793 34793 2858 2858 2569 1285 1284 13014 7157 3254 2603 1507 829 377 301 2706 1488 677 541 10567 5812 2642 2113 14875 8181 3719 2975 2615 1438 654 523 SEE EXPLAN SCH O 635013 620753 7922 6338 2156104 2061705 63945 30454 1739005 3143187 59131 41909 376990 421860 1163 4593 12698 5949 43646 6749 10969282 10333465 28375 36914 13217592 13988677 18798 11015 128013 78000 4398675 4086697 4545486 4175712 X 4349965 5816233 4064128 3738719 258013 258013 8672106 9812965 13217592 13988677 1896347 -1067465 311977 X false true X true false X 886322 2300049 4990459 2991255 3259652 14427737 886322 2300049 4990459 2991255 3259652 14427737 2979209 11448528 229573 235815 318626 316851 233409 1334274 15917 8190 8369 32476 15794487 143884 0.72480 0.78580 X PART II, LINE 10 OTHER INCOME 24,107 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21 1753268 754324 4602046 true true false true X 6779329 230728 -175069 328906 6506082 6509802 199338 362641 292452 6779329 5603150 186749 878600 158697 6509802 2978448 2225799 575128 176225 5603150 2981622 207730 -83910 126994 2978448 0.39230 0.03960 0.56810 false false 12698 5949 6749 6749 MUTUAL FUNDS 5928913 F COMMON STOCK 2806769 F DEBT INSTRUMENTS 1427458 F CLOSED END FUNDS 170325 F 10333465 X 3242412 -1067465 40407 245989 -781069 4023481 28970 28970 4052451 2101553 40407 128246 168653 1932900 223204 223204 2156104 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 OF IF THE TAXING AUTHORITIES DETERMINE THE FOUNDATION HAS ENGAGED IN UNRELATED BUSINESS ACTIVITIES. AS OF DECEMBER 31, 2015, 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 128,246 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 117,743 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 28,970 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUND MANAGEMENT FEES 128,246 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 223,204 true AMERICAN RED CROSS 1221 N MAPLE AVENUE RAPID CITY SD 57701 530196605 3 30000 COMMUNITY WELFARE BETHANY CHRISTIAN SERVICES OF WESTE 2525 W MAIN ST RAPID CITY SD 57702 381405282 3 17500 COMMUNITY WELFARE BIG BROTHERS BIG SISTERS 425 KANSAS CITY ST RAPID CITY SD 57701 460282706 3 52836 COMMUNITY WELFARE BLACK HILLS AREA HABITAT FOR HUMANI 825 SAINT JOSEPH STREET RAPID CITY SD 57701 460410933 3 10000 COMMUNITY WELFARE CARE NET PREGNANCY RESOURCE CENTER 2401 W MAIN STREET RAPID CITY SD 57702 363371919 3 10000 COMMUNITY WELFARE CHILDRENS HOME FOUNDATION 801 NORTH SYCAMORE SIOUX FALLS SD 57101 460366277 3 93234 COMMUNITY WELFARE CHRISTIAN LIFE MINISTRIES PO BOX 9272 RAPID CITY SD 57709 460366395 3 10500 COMMUNITY WELFARE FEEDING SOUTH DAKOTA 3511 N 1ST AVE SIOUX FALLS SD 57104 363293534 3 20000 COMMUNITY WELFARE FREE WHEELCHAIR MISSION 15279 ALTON PARKWAY STE 300 IRVINE CA 92618 311781635 3 20000 COMMUNITY WELFARE FRIENDS OF SDPB PO BOX 5000 VERMILLION SD 57069 237310698 3 5393 COMMUNITY WELFARE HUMANE SOCIETY OF THE BLACK HILLS 1820 E ST PATRICK ST RAPID CITY SD 57701 460396967 3 23987 COMMUNITY WELFARE NATIONAL MS UPPER MIDWEST CHAPTER 200 12 AVENUE MINNEAPOLIS MN 55415 410790658 3 25000 COMMUITY WELFARE NORTHERN HILLS ALLIANCE OF CHILDREN 753 MAIN STREET DEADWOOD SD 57732 800502521 3 7500 COMMUNITY WELFARE OPERATION SMILE 6435 TIDEWATER DRIVE NORFOLK VA 23509 541460147 3 20000 COMMUNITY WELFARE PHILIP HEALTH SERVICES PO BOX 790 PHILIP SD 57567 460361016 3 9300 COMMUNITY WELFARE RAPID CITY ARTS COUNCIL 713 7TH STREET RAPID CITY SD 57701 237176252 3 10962 EDUCATION RAPID CITY FIRE DEPARTMENT 10 MAIN STREET RAPID CITY SD 57701 466000380 3 20000 COMMUNITY WELFARE RAPID CITY LIBRARY FOUNDATION PO BOX 1015 RAPID CITY SD 57709 460442680 1 43279 EDUCATION REGENTS OF THE UNIVERSITY OF MICHIG 1029 VAUGHN ST ANN ARBOR MI 48104 386006309 3 40000 COMMUNITY WELFARE RIMROCK EVANGELICAL FREE CHURCH 12200 W HIGHWAY 44 RAPID CITY SD 57702 410721672 3 22000 COMMUNITY WELFARE SALVATION ARMY 405 N CHERRY AVE RAPID CITY SD 57701 362167910 3 30000 COMMUNITY WELFARE SD PARKS AND WILDLIFE FOUNDATION 523 EAST CAPITOL PIERRE SD 57501 460387968 3 280000 EDUCATION SOCCER RAPID CITY PO BOX 956 RAPID CITY SD 57709 911815757 3 15000 COMMUNITY WELFARE THE NATURE CONSERVANCY 4245 NORTH FAIRFAX DRIVE ARLINGTON VA 22203 530242652 3 8000 COMMUNITY WELFARE WAVI 527 QUINCY STREET RAPID CITY SD 57701 460355127 3 22500 COMMUNITY WELFARE WELLSPRING 3402 COTTONWOOD STREET RAPID CITY SD 57702 460414463 3 5945 COMMUNITY WELFARE WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD STE 300 JACKSONVILLE FL 32256 202370934 3 25000 CUMMUNITY WELFARE YOUTH AND FAMILY SERVICES PO BOX 2813 RAPID CITY SD 577092813 466017085 3 27053 COMMUNITY WELFARE BOYS AND GIRLS CLUB OF THE BLACK HI PO BOX 109 HOT SPRINGS SD 57747 460332124 3 37625 COMMUNITY WELFARE CANYON LAKE UNITED METHODIST CHURCH 3500 CANYON LAKE DRIVE RAPID CITY SD 57702 466003848 3 10000 COMMUNITY WELFARE CRISIS INTERVENTION SHELTER SERVICE PO BOX 842 STURGIS SD 57785 363792902 3 10000 COMMUNITY WELFARE HAAKON SCHOOL DISTRICT NO 27-1 PO BOX 730 PHILIP SD 57567 460309945 GOV 9300 CMMUNITY WELFARE INTERNATIONAL STUDENTS INCORPORATED 7222 COMMERCE CENTER DR STE 200 COLORADO CO 80919 530214853 3 8000 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 RAINBOX BIBLE RANCH 14676 LONETREE RD STURGIS SD 57785 460359883 3 10000 COMMUNITY WELFARE RAPID CITY BMX 3834 JACKSON BLVD RAPID CITY SD 57702 465092607 3 6430 COMMUNITY WELFARE RAPID CITY CHRISTAIN SCHOOL 23757 AREAN DRIVE RAPID CITY SD 57702 460363353 3 10000 EDUCATION SEEKLEARNGROW 3011 STOCKADE DR RAPID CITY SD 57702 454935880 3 6000 EDUCATION SHANNON COUNTY SCHOOL DISTRICT PO BOX 109 BATESLAND SD 57716 466001572 GOV 11500 EDUCATION SKYLINE DRIVE PRESERVATION INC PO BOX 1420 RAPID CITY SD 57709 202145117 3 16000 COMMUNITY WELFARE SOUTH DAKOTA SPECIAL OLYMPICS PO BOX 1283 SIOUX FALLS SD 57101 460359776 3 10000 COMMUNITY WELFARE ST JUDE CHILDRENS RESEARCH HOSPITAL 501 ST JUDE PLACE MEMPHIS TN 38105 620646012 3 10000 COMMUNITY WELFARE THE UNIVERSITY OF TEXAS AT EL PASO 500 W UNIVERSITY AVE EL PASO TX 79968 746000813 GOV 25000 EDUCATION YOUNG LIFE 318 MT RUSHMORE ROAD RAPID CITY SD 57701 830385934 3 6000 COMMUNITY WELFARE YFS FOUNDATION PO BOX 2813 RAPID CITY SD 57709 202142760 3 27000 COMMUNITY WELFARE SCHOLARSHIPS 17 16069 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 COMMUNICATED 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 4 148208 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 635,013 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 128,246 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 117,743 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -28,970 FUND MANAGEMENT FEES -128,246 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 223,204 TOTAL 311,977