Black Hills Vision
- Assets
- $83.7k
- Revenue
- $241.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- Data as of
- 12/2016
- EIN
- 20-1647560
Organization Overview
Black Hills Vision is located in Rapid City, SD. Black Hills Vision is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2016, Black Hills Vision generated $241.9k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $239.3k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (35.7%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC INTERESTS IN THE BLACK HILLS REGION OF SOUTH DAKOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CREATE A TECHNOLOGY CORRIDOR BY ENCOURAGING TECHNOLOGY DEVELOPMENT AND ATTRACTING ENTREPRENEURS AND INVESTORS TO THE BLACK HILLS REGION OF SOUTH DAKOTA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julio Usera Chairman | OfficerTrustee | 10 | $0 |
Steve Conzet Treasurer | OfficerTrustee | 1 | $0 |
Dana Boke Secretary | OfficerTrustee | 1 | $0 |
Linda Rabe Director | Trustee | 1 | $0 |
Jared Carson Director | Trustee | 1 | $0 |
Steve Allender Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,040 |
| Noncash contributions included in lines 1a–1f | $5,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,040 |
| Total Program Service Revenue | $0 |
| Investment income | $90 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,854 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,130 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318 |
| Advertising and promotion | $0 |
| Office expenses | $2,174 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,040 |
| Travel | $1,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257 |
| Insurance | $3,049 |
| All other expenses | $213,117 |
| Total functional expenses | $239,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,183 |
| Savings and temporary cash investments | $73,534 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $83,717 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $83,717 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $83,717 |
Grants Awarded
Over the last fiscal year, Black Hills Vision has awarded $404,026 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SD ELLSWORTH DEVELOPMENT AUTHORITY PURPOSE: FUNDING FOR FISCAL YEAR 2016 OPERATIONS AND MISSION. | $200,000 |
BLACK HILLS ECONOMIC DEVELOPRUSHMORE REGION ECONOMIC DEVELOPMENT ALLIANCE PURPOSE: Development of regional marketing plan | $89,026 |
BELLE FOURCHE DEVELOPMENT CORP PURPOSE: Matching funding for rail spur | $50,000 |
WORKFORCE DEVELOPMENT PURPOSE: Matching funding for Workforce Development | $40,000 |
SOUTHERN HILLS ECONOMIC DEVELOPMENT CORP PURPOSE: Matching funds for consulting on VA facility | $25,000 |