Downtown Rapid City Economic Development
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- Data as of
- 12/2016
- EIN
- 26-2854507
Organization Overview
Downtown Rapid City Economic Development, operating under the name Destination Rapid City, is located in Rapid City, SD. Destination Rapid City is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS COMMITTED TO SUPPORT, ENCOURAGE, ADVOCATE AND PRESERVE THE VITALITY AND AESTHETIC BEAUTY OF THE DOWNTOWN RAPID CITY BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION LEADS EFFORTS TO REDEVELOP AND REVITALIZE DOWNTOWN RAPID CITY THROUGH IMPROVING STREETSCAPES AND FACADES, ENHANCING THE BUSINESS MIX DOWNTOWN, AND PROVIDING CLEAN AND SAFE PROGRAMS. THE ORGANIZATION ALSO MAINTAINS A WEBSITE AND DISTRIBUTES LITERATURE PROMOTING DOWNTOWN BUSINESSES AND EVENTS. ALL SUCH ACTIVITIES ARE NOW BEING CONDUCTED BY A SEPARATE 501(C)(3) ORGANIZATION VIA A MERGER OF THE TWO ENTITIES ON 1/1/16.
THE ORGANIZATION CONSTRUCTED THE MEMORIAL PARK PROMENADE, A LANDSCAPED WALKWAY BETWEEN DOWNTOWN AND THE CIVIC CENTER. THE PROMENADE IS AN APPEALING AND ATTRACTIVE WALKING EXPERIENCE THAT PROVIDES A PLACE FOR SPONTANEOUS SOCIAL GATHERINGS, VENDORS, SMALL STREET SCALE PERFORMERS, AND OTHER URBAN ACTIVITIES. AN EXPANSION OF THIS PROJECT WAS COMPLETED IN 2014 THAT INVOLVED THE CONSTRUCTION OF VARIOUS PLAYGROUNDS AND GARDENS IN MEMORIAL PARK. FINAL CONSTRUCTION ADDITIONS WERE COMPLETED IN 2015.
THE ORGANIZATION ASSISTED IN THE DEVELOPMENT OF MAIN STREET SQUARE, AN OUTDOOR EVENTS VENUE IN RAPID CITY, SOUTH DAKOTA THAT PROVIDES AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY. THE SQUARE WAS COMPLETED IN 2011. OWNERSHIP IS MAINTAINED BY THE CITY OF RAPID CITY AND SQUARE OPERATIONS ARE PART OF A SEPARATE 501(C)(3) ORGANIZATION. THE ORGANIZATION OVERSEES MANAGEMENT OF THE SQUARE THROUGH AN OPERATING AGREEMENT WITH THE CITY OF RAPID CITY. ON 1/1/16, ALL ASSETS OF THE ORGANIZATION WERE CONTRIBUTED TO THIS SEPARATE 501(C)(3) ORGANIZATION THROUGH A MERGER OF THE TWO ENTITIES.
THE ORGANIZATION PROMOTES THE ARTS IN DOWNTOWN RAPID CITY. AS PART OF THIS PROMOTION, A SCULTURE PROJECT WAS STARTED THAT WILL POSITION RAPID CITY AS AN ARTS DESTINATION. THE PROJECT IS THE LARGEST PRIVATELY FUNDED PUBLIC ART COMMISSION UNDERWAY IN THE UNITED STATES. THE SCULPTOR WORKS IN THE PUBLIC VIEW AND FOCUSES ON COMMUNITY INPUT AND INVOLVEMENT. THE SCULPTURE PROJECT IS NOW BEING CONDUCTED BY A SEPARATE 501(C)(3) ORGANIZATION VIA A MERGER OF THE TWO ENTITIES ON 1/1/16.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Allender Director | Trustee | 1 | $0 |
Jim Adelstein Director | Trustee | 1 | $0 |
Paul Bradsky Vice Chairpe | OfficerTrustee | 1 | $0 |
Ray Hillenbrand Chairman | OfficerTrustee | 1 | $0 |
Pete Lien Director | Trustee | 1 | $0 |
Dan Senftner President/ce | OfficerTrustee | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Scull Construction Construction | 12/30/15 | $343,331 |
Masayuki Nagase Sculptor | 12/30/15 | $342,000 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Downtown Rapid City Economic Development has awarded $630,420 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAIN STREET SQUARE PURPOSE: PROMOTE DEVELOPMENT | $565,500 |
ARTS RAPID CITY PURPOSE: PROMOTE DEVELOPMENT | $50,000 |
CITY OF RAPID CITY PURPOSE: PROMOTE DEVELOPMENT | $14,920 |