BLACK HILLS AREA COMMUNITY FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- BLACK HILLS AREA COMMUNITY FOUNDATION (EIN 36-3608635)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-07-27
- IRS object ID
- 201122089349300407
- Schema version
- 2010v3.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-27T07:59:09-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KETEL THORSTENSON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 3140 | AddressLine1 |
| City | RAPID CITY | City |
| State | SD | State |
| ZIP Code | 577093140 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 363608635 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLACK HILLS AREA COMMUNITY | BusinessNameLine1 |
| Business Name Line2 | FOUNDATION | BusinessNameLine2 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | BLAC | NameControl |
| Phone | 6057180112 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 825 ST JOSEPH ST 3RD FLOOR | AddressLine1 |
| City | RAPID CITY | City |
| State | SD | State |
| ZIP Code | 57709 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | REGINA JAHR | Name |
| Title | EXECUTIVE DIRECTOR | Title |
| Phone | 6057180112 | Phone |
| Date Signed | 2011-07-06 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOHN B WALKER CPA | Name |
| Phone | 6053425630 | Phone |
| Date Prepared | 2011-07-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | REGINA JAHR | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 825 ST JOSEPH STREET 3RD FLOOR | AddressLine1 |
| City | RAPID CITY | City |
| State | SD | State |
| ZIP Code | 57709 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4778034 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.BHACF.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1987 | YearFormation |
| State Legal Domicile | SD | StateLegalDomicile |
| Activity Or Mission Description | 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 | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 16 | NbrIndependentVotingMembers |
| Total Nbr Employees | 2 | TotalNbrEmployees |
| Total Nbr Volunteers | 140 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 1678455 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 2238180 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 149678 | InvestmentIncomePriorYear |
| Investment Income Current Year | 19116 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 42398 | OtherRevenuePriorYear |
| Other Revenue Current Year | 46164 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 1870531 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2303460 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 521738 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 435298 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 58328 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 67136 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 23129 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 551970 | OtherExpensePriorYear |
| Other Expenses Current Year | 389016 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1132036 | TotalExpensesPriorYear |
| Total Expenses Current Year | 891450 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 738495 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1412010 | RevenuesLessExpensesCY |
| Total Assets BOY | 6257506 | TotalAssetsBOY |
| Total Assets EOY | 8438164 | TotalAssetsEOY |
| Total Liabilities BOY | 2840802 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 3513562 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 3416704 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 4924602 | NetAssetsOrFundBalancesEOY |
| Mission Description | 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 | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 569788 | Expense |
| Grants | 435298 | Grants |
| Description | 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 161521 | Expense |
| Description | THE FOUNDATION SUPPORTED A COMMUNITY DEVELOPMENT PROGRAM CALLED MAIN STREET SQUARE WHICH DEVELOPED A BLOCK IN RAPID CITY TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 96576 | Expense |
| Revenue | 39655 | Revenue |
| Description | THE FOUNDATION POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES. | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 827885 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | true | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | true | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | true | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 7 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 2 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Form8899 Filed | false | Form8899Filed |
| Form1098 C Filed | false | Form1098CFiled |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 16 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | SD | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | REGINA JAHR | NamePerson |
| Telephone Number | 6057180112 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 825 ST JOSEPH ST 3RD FLOOR | AddressLine1 |
| City | RAPID CITY | City |
| State | SD | State |
| ZIP Code | 57709 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| HAVEN STUCK | ||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | |
| STANFORD ADELSTEIN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| JACQUALYN FULLER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SCOTT BENSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KITTY KINSMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| BRUCE RAMPELBERG | ||||||
| TREASURER | 1.00 | X | 0 | 0 | 0 | |
| JOHN PENCE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ERIC ABRAHAMSON | ||||||
| CHAIRMAN | 1.00 | X | 0 | 0 | 0 | |
| JOVAYNE CAPPA | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| KAY S JORGENSON | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LUKE YELLOW ROBE | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| AL RIEMAN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MIKE TENNYSON | ||||||
| SECRETARY | 1.00 | X | 0 | 0 | 0 | |
| LIA GREEN | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| PATRICK WYSS | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| RANDY HAMBURG | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| SHARON LUDWICK WARNER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| REGINA Q JAHR | ||||||
| EXECUTIVE DI | 40.00 | 51188 | 0 | 5559 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 51188 | TotalReportableCompFromOrg |
| Total Other Compensation | 5559 | TotalOtherCompensation |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 2238180 | AllOtherContributions |
| Noncash Contributions | 1000076 | NoncashContributions |
| Total Contributions | 2238180 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 190411 | TotalRevenueColumn |
| Exclusion | $190,411 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2298345 | Securities |
| Other | 4934 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2474574 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -176229 | Securities |
| Other | 4934 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -171295 | TotalRevenueColumn |
| Exclusion | -$171,295 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|
| FUND MANAGEMENT FEE | 39665 | 39665 | |
| MISCELLANEOUS REV | 6499 | $6,499 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 46164 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2303460 | TotalRevenueColumn |
| Related Or Exempt Function Income | 39665 | RelatedOrExemptFunctionIncome |
| Exclusion | $25,615 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 429298 | Total |
| Program Services | 429298 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6000 | Total |
| Program Services | 6000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 51188 | Total |
| Program Services | 21069 | ProgramServices |
| Management And General | 20061 | ManagementAndGeneral |
| Fundraising | 10058 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6014 | Total |
| Program Services | 2475 | ProgramServices |
| Management And General | 2357 | ManagementAndGeneral |
| Fundraising | 1182 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2559 | Total |
| Program Services | 1053 | ProgramServices |
| Management And General | 1003 | ManagementAndGeneral |
| Fundraising | 503 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3000 | Total |
| Program Services | 1235 | ProgramServices |
| Management And General | 1176 | ManagementAndGeneral |
| Fundraising | 589 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4375 | Total |
| Program Services | 1801 | ProgramServices |
| Management And General | 1714 | ManagementAndGeneral |
| Fundraising | 860 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34080 | Total |
| Program Services | 17040 | ProgramServices |
| Management And General | 10224 | ManagementAndGeneral |
| Fundraising | 6816 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 96576 | Total |
| Program Services | 96576 | ProgramServices |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 240964 | Total |
| Program Services | 240964 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1793 | Total |
| Program Services | 1793 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4201 | Total |
| Program Services | 2311 | ProgramServices |
| Management And General | 1050 | ManagementAndGeneral |
| Fundraising | 840 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3307 | Total |
| Program Services | 1819 | ProgramServices |
| Management And General | 827 | ManagementAndGeneral |
| Fundraising | 661 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2128 | Total |
| Program Services | 1170 | ProgramServices |
| Management And General | 532 | ManagementAndGeneral |
| Fundraising | 426 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1833 | Total |
| Program Services | 1008 | ProgramServices |
| Management And General | 458 | ManagementAndGeneral |
| Fundraising | 367 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 260 | Total |
| Program Services | 143 | ProgramServices |
| Management And General | 65 | ManagementAndGeneral |
| Fundraising | 52 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 778 | Total |
| Program Services | 427 | ProgramServices |
| Management And General | 195 | ManagementAndGeneral |
| Fundraising | 156 | Fundraising |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PRINTING & COPYING | 1425 | 784 | 356 | 285 |
| DUES AND SUBSCRIPTIONS | 852 | 469 | 213 | 170 |
| CREDIT CARD FEES | 819 | 450 | 205 | 164 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 891450 | Total |
| Program Services | 827885 | ProgramServices |
| Management And General | 40436 | ManagementAndGeneral |
| Fundraising | 23129 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1083292 | BOY |
| EOY | 561626 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 146255 | BOY |
| EOY | 128126 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1500 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1302 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 346 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1215 | BOY |
| EOY | 956 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5026744 | BOY |
| EOY | 7745956 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6257506 | BOY |
| EOY | 8438164 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 45136 | BOY |
| EOY | 1590 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2795666 | BOY |
| EOY | 3511972 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2840802 | BOY |
| EOY | 3513562 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1885938 | BOY |
| EOY | 2044716 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1272753 | BOY |
| EOY | 2621873 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 258013 | BOY |
| EOY | 258013 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3416704 | BOY |
| EOY | 4924602 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6257506 | BOY |
| EOY | 8438164 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1412010 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 95888 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Community Trust170b1 Avi | X | CommunityTrust170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 575779 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4067261 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2128642 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1678455 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2238180 | CurrentTaxYear |
| Total | 10688317 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 575779 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 4067261 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2128642 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1678455 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2238180 | CurrentTaxYear |
| Total | 10688317 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 4526540 | AmountsSubstContributorsTotal |
| Public Support Total170 | 6161777 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5410 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 55889 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 130203 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 167489 | CurrentTaxYearMinus1Year |
| Current Tax Year | 190411 | CurrentTaxYear |
| Total | 549402 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 42398 | CurrentTaxYearMinus1Year |
| Current Tax Year | 46164 | CurrentTaxYear |
| Total | 88562 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 11326281 | TotalSupport |
| Gross Receipts From Admissions Etc | 82063 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.54400 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.56370 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number DA Fs Held | 7 | NumberDAFsHeld |
| Donor Advised Contributions | 1127714 | DonorAdvisedContributions |
| Grants Paid From Donor Funds | 85884 | GrantsPaidFromDonorFunds |
| Aggregate DAF Value | 1092577 | AggregateDAFValue |
| Disclosed Orgs Legal Control | true | DisclosedOrgsLegalControl |
| Disclosed For Charitable Purposes | true | DisclosedForCharitablePurposes |
| Written Policy Monitoring | false | WrittenPolicyMonitoring |
| Sect170h Requirements Satisfied | false | Sect170hRequirementsSatisfied |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 2528094 | BeginningOfYearBalance |
| Contributions | 241791 | Contributions |
| Investment Earnings Or Losses | 289399 | InvestmentEarningsOrLosses |
| Other Expenditures | 77662 | OtherExpenditures |
| End Of Year Balance | 2981622 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1356022 | BeginningOfYearBalance |
| Contributions | 1061462 | Contributions |
| Investment Earnings Or Losses | 257858 | InvestmentEarningsOrLosses |
| Other Expenditures | 147247 | OtherExpenditures |
| End Of Year Balance | 2528095 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 1622132 | BeginningOfYearBalance |
| Contributions | 166100 | Contributions |
| Investment Earnings Or Losses | -362579 | InvestmentEarningsOrLosses |
| Other Expenditures | 69631 | OtherExpenditures |
| End Of Year Balance | 1356022 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.49000 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.09000 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.42000 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Are Related Orgs Listed Schedule R | false | AreRelatedOrgsListedScheduleR |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1302 | OtherCostOrOtherBasis |
| Depreciation | 346 | Depreciation |
| Book Value | 956 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 956 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| COMMON STOCK | 5713406 | F |
| GOVERNMENT OBLIGATIONS | 1001551 | F |
| CORPORATE OBLIGATIONS | 905809 | F |
| PREFERRED STOCK | 92741 | F |
| INTEREST RECEIVABLE | 32449 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 7745956 | TotalOfBookValueProgramRelated |
| Total Revenue | 2303460 | TotalRevenue |
| Total Expenses | 891450 | TotalExpenses |
| Excess Or Deficit For Year | 1412010 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 812191 | NetUnrealizedGLOnInvestments |
| Other | -$716,303 | OtherAmount |
| Total Adjustments | 95888 | TotalAdjustments |
| Excess Or Deficit Per FS | 1507898 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 2288860 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 812191 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 19529 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 831720 | RevenueNotRptdF990 |
| Revenue Subtotal | 1457140 | RevenueSubtotal |
| Other Revenues Not Included | 846320 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 846320 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2303460 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 780962 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 19529 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 19529 | ExpensesNotRptdF990 |
| Expenses Subtotal | 761433 | ExpensesSubtotal |
| Other Expenses Not Included | 130017 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 130017 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 891450 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| 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 | AS OF DECEMBER 31, 2010, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
| RECONCILIATION OF CHANGES - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 8 | CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS -463,552 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS -382,768 EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 130,017 |
| REVENUE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 4B | CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS 463,552 INVESTMENT INCOME - SPECIFIC ORGANIZATIONS 382,768 |
| EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER | SCHEDULE D, PAGE 4, PART XIII, LINE 4B | EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 130,017 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (14 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | EIN Of RecipientEINOfRecipient |
|---|---|---|---|---|---|---|---|
| MISC 5000 OR LOWER | |||||||
| STREET | RAPID CITY | SD | 57701 | 3 | 149215 | SCHOLARSHIP/DONATION | |
| BIG BROTHERS BIG SISTERS | |||||||
| 425 KANSAS CITY ST | RAPID CITY | SD | 57701 | 3 | 23684 | COMMUNITY WELFARE | 460282706 |
| BLACK HILLS TENNIS | |||||||
| PO BOX 8491 | RAPID CITY | SD | 57709 | 3 | 19963 | YOUTH SPORTS | 710952028 |
| CASA 7TH CIRCUIT | |||||||
| 2650 JACKSON BOULEVARD | RAPID CITY | SD | 57702 | 3 | 5020 | COMMUNITY WELFARE | 460399483 |
| CHILDRENS HOME FOUNDATION | |||||||
| 801 NORTH SYCAMORE | SIOUX FALLS | SD | 57101 | 3 | 71791 | COMMUNITY WELFARE | 460366277 |
| DIABETES INC | |||||||
| PO BOX 9368 | RAPID CITY | SD | 57709 | 3 | 5020 | HEALTH | 460447755 |
| HUMANE SOCIETY OF THE BLACK HILLS | |||||||
| 1820 E ST PATRICK ST | RAPID CITY | SD | 57701 | 3 | 5590 | COMMUNITY WELFARE | 460396967 |
| NORTHERN HILLS ALLIANCE | |||||||
| 93 SHERMAN STREET | DEADWOOD | SD | 57732 | 1 | 57106 | COMMUNITY WELFARE | 800502521 |
| RAPID CITY ARTS COUNCIL | |||||||
| 713 7TH STREET | RAPID CITY | SD | 57701 | 1 | 26427 | PROMOTION OF ARTS | 237116252 |
| RAPID CITY LIBRARY FOUNDATION | |||||||
| PO BOX 1015 | RAPID CITY | SD | 57709 | 1 | 8258 | EDUCATION | 460442680 |
| RAPID CITY PUBLIC SCHOOLS | |||||||
| 300 SIXTH STREET | RAPID CITY | SD | 57701 | GOV | 7500 | EDUCATION | 466002688 |
| VORE BUFFALO JUMP FOUNDATION | |||||||
| PO BOX 369 | SUNDANCE | WY | 82729 | 3 | 32724 | ARCHEOLOGY | 830299025 |
| WAVI | |||||||
| 527 QUINCY STREET | RAPID CITY | SD | 57701 | 3 | 10560 | COMMUNITY WELFARE | 460355127 |
| WELLSPRING | |||||||
| 3402 COTTONWOOD STREET | RAPID CITY | SD | 57701 | 3 | 6440 | COMMUNITY WELFARE | 460414463 |
Form990 Schedule I Part III Form990ScheduleIPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Grant | SCHOLARSHIPS | TypeOfGrant |
| Number Of Recipients | 9 | NumberOfRecipients |
| Amount Of Cash Grant | 6000 | AmountOfCashGrant |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES | Identifier |
| Return Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | ReturnReference |
| Explanation | 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 REQUIED 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. | Explanation |
Schedule M IRS990ScheduleM
Securities Closely Held Stock SecuritiesCloselyHeldStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1000076 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | false | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | true | ReviewProcessUnusualNCGifts |
| Third Parties Used | false | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | ORGANIZATION'S PROCEDURES USED TO REVIEW FORM 990 AT A MINIMUM THE BOARD TRESURER, CEO, AND THE TAX PREPARER REVIEW THE FORM 990 PRIOR TO FILING. 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. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION FROM A PERSON/ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THIS IS NOT POSSIBLE, 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. |
| OTHER CHANGES IN NET ASSETS EXPLANATION | FORM 990, PART XI, LINE 5 | FOR FINANCIAL REPORTING PURPOSES THE AGENCY FUNDS CONTROLLED BY BLACK HILLS AREA COMMUNITY ARE REPORTED AS LIABILITIES AND ASSETS AND THE CONTRIBUTIONS AND DISTRIBUTIONS FROM THE FUNDS ARE NETTED OUT OF THE STATEMENT OF ACTIVITIES. FOR FORM 990 PURPOSES THE ADDITIONS AND DISTRIBUTIONS FROM THE FUNDS ARE REPORTED AS INCOME AND GRANTS PAID. THE NET OF THESE ADDITIONS AND DISTRIBUTIONS IS 95,888. SEE DETAIL BELOW: UNREALIZED GAINS (LOSSES) ON INVESTMENTS 812,191 CONTRIBUTIONS DESIGNATED FOR SPECIFIC ORGANIZATIONS (463,552) INVESTMENT INCOME - SPECIFIC ORGANIZATIONS (382,768) EXPENSES INCURRED FOR SPECIFIC ORGANIZATIONS 130,017 TOTAL 95,888 |
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