2015-07-15T15:16:21-05:00 2014-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2014-01-01 363608635 BLACK HILLS AREA COMMUNITY FOUNDATION BLAC 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 JOANNE SCHRIVER INTERIM EXECUTIVE DIRECTOR 6057180112 2015-07-15 true JOHN B WALKER CPA P00179985 6053425630 2015-07-15 2014 2016-02-25 16:41:14Z JOANNE SCHRIVER 825 ST JOSEPH STREET 3RD FLOOR RAPID CITY SD 57709 9242556 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 16 16 12 16 0 4990459 2991255 0 1277627 618944 136618 18017 6404704 3628216 1140923 5738249 0 74055 128941 0 38929 673640 364543 1888618 6231733 4516086 -2603517 15966624 13217592 4599975 4545486 11366649 8672106 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 1321598 1094704 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. 36680 THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. 4770636 4643545 DURING THE YEAR ENDED DECEMBER 31, 2013, THE FOUNDATION STARTED THE SOUTH DAKOTA RANCHER RELIEF FUND FOR THE PURPOSE OF PROVIDING SUPPORT AND RELIEF ASSISTANCE TO THOSE IN THE AGRICULTURE INDUSTRY IMPACTED BY STORM ATLAS DURING 2013. THE FUND TERMINATED AFTER THE FINAL DISTRIBUTION OF AVAILABLE FUNDS DURING 2014. THESE FUNDS WERE DISTRIBUTED TO A SEPARATE NON-PROFIT ORGANIZATION WHICH IS IN CHARGE OF DETERMINING ELIGIBILITY OF AFFECTED INDIVIDUALS AND DISTRIBUTING THOSE FUNDS ACCORDINGLY. 6128914 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 10 0 12 true false false false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true true false SD X JOANNE SCHRIVER 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 HAVEN STUCK DIRECTOR 1.00 X 0 0 0 STANFORD ADELSTEIN DIRECTOR 1.00 X 0 0 0 DENNIS ANDERSON DIRECTOR 1.00 X 0 0 0 KITTY KINSMAN CHAIRMAN 1.00 X X 0 0 0 JOHN PENCE DIRECTOR 1.00 X 0 0 0 ERIC ABRAHAMSON 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 DIRECTOR 1.00 X 0 0 0 ROBERT PAULSON SECRETARY 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 DIRECTOR 1.00 X 0 0 0 REGINA Q JAHR EXECUTIVE DI 40.00 X 48983 0 8370 JOANNE SCHRIVER EXECUTIVE DI 40.00 X 40296 0 1992 89279 10362 false false false 2991255 34413 2991255 316851 316851 5853909 62524 5614340 239569 62524 302093 302093 MISCELLANEOUS REV 9827 9827 CASH VALUE LIFE INSURANCE 8190 8190 18017 3628216 9827 627134 5721280 5721280 16969 16969 99641 36957 43206 19478 19054 10480 4764 3810 10246 5635 2562 2049 36681 36681 2905 2905 14106 7759 3526 2821 4518 2483 1130 905 2325 1279 581 465 2458 1352 614 492 27603 15182 6901 5520 2423 1333 606 484 BH KNOWLEDGE NET & OTHER 271524 271524 6231733 6128914 63890 38929 4772115 1739005 85580 59131 391612 376990 1638 1163 96018 52372 59219 43646 10636149 10969282 20311 28375 15966624 13217592 25610 18798 246612 128013 4327753 4398675 4599975 4545486 X 7009008 4349965 4099628 4064128 258013 258013 11366649 8672106 15966624 13217592 -2603517 -20104 -70922 X false true X true false X 2238180 886322 2300049 4990459 2991255 13406265 2238180 886322 2300049 4990459 2991255 13406265 1837268 11568997 190411 229573 235815 318626 316851 1291276 15917 8190 24107 14721648 199828 0.78580 0.74680 X PART II, LINE 10 OTHER INCOME 15,917 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20 672691 656119 3603102 true true false true X 6509802 199338 362641 292452 6779329 5603150 186749 878600 158697 6509802 2978448 2225799 575128 176225 5603150 2981622 207730 -83910 126994 2978448 2528094 241791 289399 77662 2981622 0.37730 0.03810 0.58460 false false 96018 52372 43646 43646 MUTUAL FUNDS 6306217 F COMMON STOCK 1832617 F ETFS 1307919 F DEBT INSTRUMENTS 950204 F EXCHANGE TRADED NOTES 233977 F REITS 225654 F CLOSED END FUNDS 112694 F 10969282 X 3528517 -20104 83742 117485 181123 3347394 280822 280822 3628216 6223060 83742 117485 201227 6021833 209900 209900 6231733 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, 2014, THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE FOUNDATION IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATION BY TAXING AUTHORITIES FOR YEARS BEFORE 2011. 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 117,485 SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 53,844 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 226,978 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUND MANAGEMENT FEES 117,485 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 209,900 true 211 HELPLINE 1000 N WEST AVENUE NO 310 SIOUX FALLS SD 57104 237424387 3 10000 COMMUNITY WELFARE AMERICAN RED CROSS 1221 N MAPLE AVENUE RAPID CITY SD 57701 530196605 3 11000 COMMUNITY WELFARE BETHANY CHRISTIAN SERVICES OF WESTE 2525 W MAIN ST RAPID CITY SD 57702 381405282 3 75000 COMMUNITY WELFARE BIG BROTHERS BIG SISTERS 425 KANSAS CITY ST RAPID CITY SD 57701 460282706 3 79522 COMMUNITY WELFARE BIGGER THAN LIFE MINISTRIES PO BOX 296 SCOTLAND SD 57059 455273468 3 6000 COMMUNITY WELFARE CARE NET PREGNANCY RESOURCE CENTER 2401 W MAIN STREET RAPID CITY SD 57702 363371919 3 5125 COMMUNITY WELFARE CATHOLIC SOCIAL SERVICES 918 5TH STREET RAPID CITY SD 57701 460418272 3 4643545 COMMUNITY WELFARE CHILDRENS HOME FOUNDATION 801 NORTH SYCAMORE SIOUX FALLS SD 57101 460366277 3 89348 COMMUNITY WELFARE CHRISTIAN LIFE MINISTRIES PO BOX 9272 RAPID CITY SD 57709 460366395 3 6500 COMMUNITY WELFARE CORNERSTONE RESCUE MISSION PO BOX 2188 RAPID CITY SD 57709 363296431 3 6500 COMMUNITY WELFARE FEEDING SOUTH DAKOTA 3511 N 1ST AVE SIOUX FALLS SD 57104 363293534 3 37011 COMMUNITY WELFARE FIRST NATIONS SCULPTURE GARDEN INC PO BOX 9515 RAPID CITY SD 57709 300811180 3 7607 COMMUNITY WELFARE FISHER HOUSE FOUNDATION 299 PARK AVENUE SUITE NEW YORK NY 10171 113158401 3 25000 COMMUNITY WELFARE FREE WHEELCHAIR MISSION 15279 ALTON PARKWAY STE 300 IRVINE CA 92618 311781635 3 10000 COMMUNITY WELFARE FRIENDS OF SDPB PO BOX 5000 VERMILLION SD 57069 237310698 3 5197 COMMUNITY WELFARE FRONT PORCH COALITION 915 MOUNTAIN VIEW RD RAPID CITY SD 57069 770591124 3 7500 COMMUNITY WELFARE HUMANE SOCIETY OF THE BLACK HILLS 1820 E ST PATRICK ST RAPID CITY SD 57701 460396967 3 27910 COMMUNITY WELFARE JOHN WITHERSPOON COLLEGE 4021 RANGE RD RAPID CITY SD 57702 205892134 3 25000 COMMUNITY WELFARE LUTHERAN SOCIAL SERVICES OF SD 705 E 41ST ST STE 200 SIOUX FALLS SD 57105 460224731 3 89279 COMMUNITY 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 10000 COMMUNITY WELFARE PHILIP HEALTH SERVICES PO BOX 790 PHILIP SD 57567 460361016 3 8631 COMMUNITY WELFARE RAPID CITY FIRE DEPARTMENT 10 MAIN STREET RAPID CITY SD 57701 466000380 3 18000 COMMUNITY WELFARE RAPID CITY LIBRARY FOUNDATION PO BOX 1015 RAPID CITY SD 57709 460442680 1 36829 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 10500 COMMUNITY WELFARE SALVATION ARMY 405 N CHERRY AVE RAPID CITY SD 57701 362167910 3 10500 COMMUNITY WELFARE SDSM&T FOUNDATION 306 EAST SAINT JOSEPH STREET RAPID CITY SD 57701 466011771 3 6000 COMMUNITY WELFARE SOCCER RAPID CITY PO BOX 956 RAPID CITY SD 57709 911815757 3 7318 COMMUNITY WELFARE THE NATURE CONSERVANCY 4245 NORTH FAIRFAX DRIVE ARLINGTON VA 22203 530242652 3 8500 COMMUNITY WELFARE WAVI 527 QUINCY STREET RAPID CITY SD 57701 460355127 3 25530 COMMUNITY WELFARE WELLSPRING 3402 COTTONWOOD STREET RAPID CITY SD 57702 460414463 3 7050 COMMUNITY WELFARE WESTERN RESOURCES 405 EAST OMAHA SUITE D RAPID CITY SD 57701 460401091 3 5689 COMMUNITY WELFARE WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD STE 300 JACKSONVILLE FL 32256 202370934 3 50000 CUMMUNITY WELFARE YOUTH AND FAMILY SERVICES PO BOX 2813 RAPID CITY SD 577092813 466017085 3 52401 COMMUNITY WELFARE SCHOLARSHIPS 20 16969 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 34413 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 117,485 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -53,844 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS -226,978 FUND MANAGEMENT FEES -117,485 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 209,900