2013-07-29T17:21:20-05:00 2012-12-31 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2012-01-01 363608635 BLACK HILLS AREA COMMUNITY FOUNDATION BLAC 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 REGINA JAHR 6057180112 2013-07-15 true JOHN B WALKER CPA 6053425630 2013-07-29 2012 2016-02-24 21:20:13Z REGINA JAHR 825 ST JOSEPH STREET 3RD FLOOR RAPID CITY SD 57709 4050992 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 7 100 0 886322 2300049 0 286349 286754 64958 78879 1237629 2665682 407273 359776 0 81088 85763 0 28006 346751 465188 835112 910727 402517 1754955 8450599 11014247 3539867 4008369 4910732 7005878 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 764458 359776 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. 65530 70462 THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. 829988 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 false false false false false false false false false true 12 0 7 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 REGINA JAHR 6057180112 825 ST JOSEPH ST 3RD FLOOR RAPID CITY SD 57709 HAVEN STUCK 1.00 X X 0 0 0 STANFORD ADELSTEIN 1.00 X 0 0 0 JACQUALYN FULLER 1.00 X 0 0 0 DENNIS ANDERSON 1.00 X 0 0 0 KITTY KINSMAN 1.00 X X 0 0 0 BRUCE RAMPELBERG 1.00 X 0 0 0 JOHN PENCE 1.00 X X 0 0 0 ERIC ABRAHAMSON 1.00 X 0 0 0 JOVAYNE CAPPA 1.00 X 0 0 0 KAY S JORGENSEN 1.00 X X 0 0 0 RICHARD WAHLSTROM 1.00 X 0 0 0 MIKE TENNYSON 1.00 X 0 0 0 LIA GREEN 1.00 X 0 0 0 KAREN SIMMONS-PARKS 1.00 X X 0 0 0 ROBERT PAULSON 1.00 X 0 0 0 STEVE MCCARTHY 1.00 X 0 0 0 REGINA Q JAHR 40.00 X 65595 0 6280 65595 6280 false false false 2300049 2300049 235815 235815 1405345 30904 1385310 20035 30904 50939 50939 FUND MANAGEMENT FEE 70462 70462 MISCELLANEOUS REV 8417 8417 78879 2665682 78879 286754 353276 353276 6500 6500 71875 29584 28168 14123 5445 2241 2134 1070 8443 3476 3309 1658 44884 24686 13465 6733 65530 65530 857 353 336 168 396 396 7626 4194 1908 1524 3388 1863 847 678 2155 1185 539 431 3637 2000 909 728 3475 1911 869 695 994 547 249 198 BLACK HILLS KNOWLEDGE NET 179621 179621 DIRECT FUND EXPENSES 82163 82163 DIRECT FUND FEES 70462 70462 910727 829988 52733 28006 812725 2964194 219146 91291 5991 1030 977 58131 5666 8611 52465 7409087 7899329 8450599 11014247 8044 27275 100000 108546 3431823 3872548 3539867 4008369 X 2160187 3029541 2492532 3718324 258013 258013 4910732 7005878 8450599 11014247 X 1754955 780916 -440725 X true X true X true false X 2128642 1678455 2238180 886322 2300049 9231648 2128642 1678455 2238180 886322 2300049 9231648 4056510 5175138 130203 167489 190411 229573 235815 953491 10185139 252891 0.50810 0.56700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13 1617437 136955 2570154 true true false true X 2978448 2225799 575128 176225 5603150 2981622 207730 -83910 126994 2978448 2528094 241791 289399 77662 2981622 1356022 1061462 257858 147247 2528095 1622132 166100 -362579 69631 1356022 0.34050 0.04610 0.61340 false false 58131 5666 52465 52465 COMMON STOCK 6625366 F CORPORATE OBLIGATIONS 796637 F GOVERNMENT OBLIGATIONS 466027 F INTEREST RECEIVABLE 11299 F 7899329 2903148 780916 68466 849382 2053766 611916 611916 2665682 808002 68466 68466 739536 171191 171191 910727 ESCROW LIABILITY ARRANGEMENT EXPLANATION 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. LIABILITY UNDER FIN 48 FOOTNOTE 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, 2012, 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 2012. REVENUE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XI, LINE 4B CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 125,342 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 486,574 EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER SCHEDULE D, PAGE 4, PART XII, LINE 4B EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 171,191 true BIG BROTHERS BIG SISTERS 425 KANSAS CITY ST RAPID CITY SD 57701 460282706 3 44543 COMMUNITY WELFARE CHILDRENS HOME FOUNDATION 801 NORTH SYCAMORE SIOUX FALLS SD 57101 460366277 3 70177 COMMUNITY WELFARE HUMANE SOCIETY OF THE BLACK HILLS 1820 E ST PATRICK ST RAPID CITY SD 57701 460396967 3 22747 COMMUNITY WELFARE RAPID CITY LIBRARY FOUNDATION PO BOX 1015 RAPID CITY SD 57709 460442680 1 17078 EDUCATION WAVI 527 QUINCY STREET RAPID CITY SD 57701 460355127 3 10770 COMMUNITY WELFARE CITY OF RAPID CITY 300 6TH STREET RAPID CITY SD 57701 3 10070 COMMUNITY WELFARE YOUTH AND FAMILY SERVICES PO BOX 2813 RAPID CITY SD 577092813 466017085 3 9050 COMMUNITY WELFARE STURGIS ECONOMIC DEVELOPMENT PO BOX 218 STURGIS SD 57785 460361483 6 28335 COMMUNITY WELFARE CORNERSTONE RESCUE MISSION PO BOX 2188 RAPID CITY SD 57709 363296431 3 5850 COMMUNITY WELFARE WELLSPRING 3402 COTTONWOOD STREET RAPID CITY SD 57702 460414463 3 5325 COMMUNITY WELFARE SCHOLARSHIPS 7 6500 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES 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. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B ORGANIZATION'S PROCEDURES USED TO REVIEW FORM 990 THE BOARD REVIEWS THE 990 PRIOR TO FILING. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL 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. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B SAME PERSONS AS 15A. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. RECONCILIATION OF CHANGES - OTHER FORM 990, PART XI, LINE 9 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -125,342 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS -486,574 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 171,191 OTHER CHANGES IN NET ASSETS EXPLANATION 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 440,725. SEE DETAILS BELOW: CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS (125,342) INVESTMENT GAIN (LOSS) - SPECIFIC ORGANIZATIONS (486,574) EXPNESES INCURRED - SPECIFIC ORGANIZATIONS 171,191 ----------- TOTAL (440,725)