2014-07-25T09:21:47-05:00 2013-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2013-01-01 363608635 BLACK HILLS AREA COMMUNITY FOUNDATION BLAC 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 REGINA JAHR EXECUTIVE DIRECTOR 6057180112 2014-07-25 true JOHN B WALKER CPA P00179985 6053425630 2014-07-25 2013 2015-11-30 17:44:51Z REGINA JAHR 825 ST JOSEPH STREET 3RD FLOOR RAPID CITY SD 57709 18239567 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 9 186 0 2300049 4990459 0 286754 1277627 78879 136618 2665682 6404704 359776 1140923 0 85763 74055 0 40763 465188 673640 910727 1888618 1754955 4516086 11014247 15966624 4008369 4599975 7005878 11366649 X 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 true false 1216355 644523 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. 35672 THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. 540752 496400 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 IS INTENDED TO TERMINATE AFTER THE FINAL DISTRIBUTION OF AVAILABLE FUNDS DURING 2014. DURING 2013, CONTRIBUTIONS TOTALED 3,532,576. THESE FUNDS ARE THEN DISTRIBUTED TO A SEPARATE NON-PROFIT ORGANIZATION WHICH IS IN CHARGE OF DETERMINING ELIGIBILITY OF AFFECTED INDIVIDUALS AND DISTRIBUTING THOSE FUNDS ACCORDINGLY. 1792779 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 9 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 REGINA JAHR 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 JACQUALYN FULLER 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 PAST CHAIRMA 1.00 X X 0 0 0 ERIC ABRAHAMSON DIRECTOR 1.00 X 0 0 0 JOVAYNE CAPPA DIRECTOR 1.00 X 0 0 0 KAY S JORGENSEN SECRETARY 1.00 X 0 0 0 RICHARD WAHLSTROM TREASURER 1.00 X X 0 0 0 JAMES OLSON DIRECTOR 1.00 X 0 0 0 LIA GREEN DIRECTOR 1.00 X 0 0 0 KAREN SIMMONS-PARKS VICE CHAIR 1.00 X X 0 0 0 ROBERT PAULSON SECRETARY 1.00 X X 0 0 0 STEVE MCCARTHY DIRECTOR 1.00 X 0 0 0 REGINA Q JAHR EXECUTIVE DI 40.00 X 67551 0 6378 67551 6378 false false false 4990459 29526 4990459 318626 318626 12757332 36532 11834863 922469 36532 959001 959001 FUND MANAGEMENT FEE 114144 114144 CASH VALUE LIFE INSURANCE 15917 15917 MISCELLANEOUS REV 6557 6557 136618 6404704 120701 1293544 1131923 1131923 9000 9000 73929 30355 29022 14552 126 126 49487 27218 14846 7423 35672 35672 9821 9821 6873 3780 1718 1375 4853 2669 1213 971 7845 4315 1961 1569 4145 2280 1036 829 19103 10507 4776 3820 2015 1108 504 403 BLACK HILLS KNOWLEDGE NET 239897 239897 DIRECT FUND EXPENSES 179785 179785 DIRECT FUND FEES 114144 114144 1888618 1792779 55076 40763 2964194 4772115 91291 85580 5991 391612 977 1638 83988 24769 52465 59219 7899329 10636149 20311 11014247 15966624 27275 25610 108546 246612 3872548 4327753 4008369 4599975 X 3029541 7009008 3718324 4099628 258013 258013 7005878 11366649 11014247 15966624 X 4516086 186075 113815 -455205 X true X true X true false X 1678455 2238180 886322 2300049 4990459 12093465 1678455 2238180 886322 2300049 4990459 12093465 2197164 9896301 167489 190411 229573 235815 318626 1141914 15917 15917 13251296 353100 0.74680 0.50810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17 1306155 289780 3586530 true true false true X 5603150 186749 878600 158697 6509802 2978448 2225799 575128 176225 5603150 2981622 207730 -83910 126994 2978448 2528094 241791 289399 77662 2981622 1356022 1061462 257858 147247 2528095 0.36030 0.03960 0.60010 false false 83988 24769 59219 59219 COMMON STOCK 10569906 F GOVERNMENT OBLIGATIONS 66243 F INTEREST RECEIVABLE F CORPORATE OBLIGATIONS F 10636149 6088082 186078 113815 299893 5788189 616515 616515 6404704 1727308 1727308 161310 161310 1888618 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 ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES PRESCRIBES A RECOGNITION THRESHOLD OF MORE LIKELY THAN NOT, AND A MEASUREMENT ATTRIBUTE FOR ALL TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN, IN ORDER FOR THOSE TAX POSITIONS TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. AT DECEMBER 31, 2013, THE FOUNDATION BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS. IN ACCORDANCE WITH THE APPLICABLE STATUTE OF LIMITATIONS, THE FOUNDATION'S TAX RETURNS COULD BE AUDITED BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED DECEMBER 31, 2009 TO 2013. SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 35,800 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 580,715 SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 161,310 true BIG BROTHERS BIG SISTERS 425 KANSAS CITY ST RAPID CITY SD 57701 460282706 3 61239 COMMUNITY WELFARE CHILDRENS HOME FOUNDATION 801 NORTH SYCAMORE SIOUX FALLS SD 57101 460366277 3 68146 COMMUNITY WELFARE HUMANE SOCIETY OF THE BLACK HILLS 1820 E ST PATRICK ST RAPID CITY SD 57701 460396967 3 22911 COMMUNITY WELFARE RAPID CITY LIBRARY FOUNDATION PO BOX 1015 RAPID CITY SD 57709 460442680 1 22641 EDUCATION WAVI 527 QUINCY STREET RAPID CITY SD 57701 460355127 3 20590 COMMUNITY WELFARE CATHOLIC SOCIAL SERVICES 918 5TH STREET RAPID CITY SD 57701 460418272 3 496400 COMMUNITY WELFARE CITY OF RAPID CITY 300 6TH STREET RAPID CITY SD 57701 466000380 3 160000 COMMUNITY WELFARE RAPID CITY ARTS FOUNDATION 713 7TH STREET RAPID CITY SD 57701 460407996 3 5872 EDUCATION SD PARKS AND WILDLIFE FOUNDATION 523 EAST CAPITOL PIERRE SD 57501 460387968 3 10000 EDUCATION YOUTH AND FAMILY SERVICES PO BOX 2813 RAPID CITY SD 577092813 466017085 3 15000 COMMUNITY WELFARE CORNERSTONE RESCUE MISSION PO BOX 2188 RAPID CITY SD 57709 363296431 3 5500 COMMUNITY WELFARE WELLSPRING 3402 COTTONWOOD STREET RAPID CITY SD 57702 460414463 3 7500 COMMUNITY WELFARE NATIONAL MS UPPER MIDWEST CHAPTER 200 12 AVENUE MINNEAPOLIS MN 55415 410790658 3 20000 COMMUITY WELFARE AMERICAN RED CROSS 1221 N MAPLE AVENUE RAPID CITY SD 57701 530196605 3 6525 COMMUNITY WELFARE FRIENDS OF RAPID CITY PARKS 2834 JACKSON BLVD RAPID CITY SD 57701 204722642 3 9350 COMMUNITY WELFARE RAPID CITY FIRE DEPARTMENT 10 MAIN STREET RAPID CITY SD 57701 466000380 3 12300 COMMUNITY WELFARE SALVATION ARMY PO BOX 3269 RAPID CITY SD 577093269 470380698 3 10500 COMMUNITY WELFARE SOCCER RAPID CITY PO BOX 956 RAPID CITY SD 57709 911815757 3 10000 COMMUNITY WELFARE WOUNDED WARRIOR PROJECT 4899 BELFORT ROAD STE 300 JACKSONVILLE FL 32256 202370934 3 20000 CUMMUNITY WELFARE SCHOLARSHIPS 16 9000 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 REQUIRED TO SIGN A GRANT AGREEMENT FORM ACKNOWLEDGING THAT THEY WILL USE THE GRANT FUNDS FOR THE PURPOSES OUTLINED IN THEIR PROPOSAL AND WITHIN THE TIMEFRAME PROPOSED. A GRANT REPORT AT THE CONCLUSION OF THE GRANT PERIOD IS ALSO REQUIRED. X 2 29526 FAIR MARKET VALUE false true false FORM 990, PAGE 2, PART III, LINE 2 SEE PART III, 4C. 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 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -35,800 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS -580,715 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 161,310 FORM 990, PART XI, LINE 9 FOR FINACIAL REPORTING PURPOSES THE AGENCY FUNDS CONTROLLED BY BLACK HILLS AREA COMMUNITY FOUNDATION ARE REPORTED AS LIABILITLIES AND ASSETS. THE CONTRIBUTIONS AND DISTRIBUTIONS FROM THE FUNDS ARE NETTED OUT OF THE STATEMENT OF ACTIVITIES. FOR FORM 990 PURPOSES THE ADDITIONS AND DISTRIBUITONS FROM THE FUNDS ARE REPORTED AS INCOME AND GRANTS PAID. THE NET OF THESE ADDITIONS AND SUBTRACTIONS IS 455,205. SEE DETAILS BELOW: CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS (35,800) INVESTMENT GAIN (LOSS) - SPECIFIC ORGANIZATIONS (580,715) EXPNESES INCURRED - SPECIFIC ORGANIZATIONS 161,310 ----------- TOTAL (455,205)