Black Hills Area Community Foundation

Organization Overview

Black Hills Area Community Foundation is located in Rapid City, SD. The organization was established in 1989. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Black Hills Area Community Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Hills Area Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Black Hills Area Community Foundation generated $16.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 11.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Black Hills Area Community Foundation has awarded 462 individual grants totaling $16,618,279. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 POOLS INVESTMENTS FOR VARIOUS COMMUNITY CHARITIES, IN ORDER TO INVEST THEIR FUNDS AT FAVORABLE INVESTMENT RATES WITH RELIABLE INVESTMENT VEHICLES.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Hamburg
Executive Di
$140,400
Steve Helmers
Chair
$0
Terry Hermann
Vice Chair
$0
Kelly Buntrock
Treasurer
$0
Steve Flanery
Secretary
$0
Margaret Prahl
Past Chair
$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$15,107,358
Noncash contributions included in lines 1a–1f $867,132
Total Revenue from Contributions, Gifts, Grants & Similar$15,107,358
Total Program Service Revenue$0
Investment income $743,533
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,070,174
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,934,227

Grants Awarded

Over the last fiscal year, Black Hills Area Community Foundation has awarded $3,753,361 in support to 68 organizations.

Grant RecipientAmount

ABSAROKEE COMMUNITY FOUNDATION

PURPOSE: EDUCATION

$5,500

BATTLE MOUNTAIN HUMANE SOCIETY

PURPOSE: COMMUNITY WELFARE

$16,159

AMERICAN RED CROSS

PURPOSE: COMMUNITY WELFARE

$16,350

BIG BROTHERS BIG SISTERS

PURPOSE: COMMUNITY WELFARE

$68,117

BEAR BUTTE CREEK HISTORICAL PRESERV

PURPOSE: EDUCATION

$10,000

BLACK HILLS POW-WOW ASSOCIATION

PURPOSE: COMMUNITY WELFARE

$8,000
View Grant Profile

Peer Organizations

Organization NameAssets
3m Open Fund
Blaine, MN
$20,061,297
Greater Cedar Rapids Community Foundation
Cedar Rapids, IA
$26,493,454
Whitefish Community Foundation Inc
Whitefish, MT
$19,827,621
Wyoming Community Foundation
Laramie, WY
$14,408,051
Montana Community Foundation Inc
Helena, MT
$15,011,185
Quad Cities Community Foundation
Bettendorf, IA
$12,042,072
Community Foundation Of Northeast Iowa
Cedar Falls, IA
$16,618,758
Community Foundation Of Greater Dubuque
Dubuque, IA
$18,173,016
Fargo-Moorhead Area Foundation Corporation
Fargo, ND
$8,034,362
Womens Foundation Of Minnesota
Minneapolis, MN
$7,678,057
North Dakota Community Foundation
Bismarck, ND
$20,143,345
West Central Initiative
Fergus Falls, MN
$9,220,682
Central Montana Foundation
Lewistown, MT
$5,019,493
Kearney Area Community Foundation
Kearney, NE
$7,057,554
Rochester Area Foundation
Rochester, MN
$15,867,977
Greater Omaha Chamber Foundation
Omaha, NE
$4,514,245
Community Foundation For Western Iowa
Council Bluffs, IA
$4,632,343
Duluth Superior Area Community Foundation Inc
Duluth, MN
$8,134,379
Black Hills Area Community Foundation
Rapid City, SD
$16,934,227
Siouxland Community Foundation
Sioux City, IA
$4,546,385
Phelps County Community Foundation Inc
Holdrege, NE
$4,888,274
Yellowstone Club Community Foundation
Bozeman, MT
$18,659,358
Community Foundation Of Greater Muscatine
Muscatine, IA
$4,985,991
Red Lodge Area Community Foundation
Red Lodge, MT
$4,406,019
One Valley Community Foundation
Bozeman, MT
$3,020,961

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