Hardrock Club
- Assets
- $552.7k
- Revenue
- $510.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Rapid City, SD
- Founding
- 03/2012
- Data as of
- 06/2024
- EIN
- 45-3134357
Organization Overview
Hardrock Club is located in Rapid City, SD. The organization was established in 2012. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2024, Hardrock Club employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hardrock Club 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 06/2024, Hardrock Club generated $510.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $585.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hardrock Club has awarded 12 individual grants totaling $3,524,951. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND PROVIDE SUPPORT FOR ATHLETIC SCHOLARSHIPS, PROGRAMS AND OTHER EDUCATION ENHANCEMENT ACTIVITIES AT SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY IN RAPID CITY, SOUTH DAKOTA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ASSISTANCE AND SUPPORT FOR APPROXIMATELY 225 ATHLETIC SCHOLARSHIPS AND HELP IN THEIR FUNDRAISING EFFORTS AND WITH THEIR EXPENSES RELATED TO RECRUITING AND ATHLETICS FOR THE SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Cadwallader Executive Di | Officer | 40 | $100,401 |
John Hull President | OfficerTrustee | 1 | $0 |
Tim Henderson Vice Preside | OfficerTrustee | 1 | $0 |
Lorie Whiting Secretary | OfficerTrustee | 1 | $0 |
Marge Marken Treasurer | OfficerTrustee | 1 | $0 |
Joel Lueken Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,510 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $406,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $418,265 |
| Total Program Service Revenue | $13,092 |
| Investment income | $13,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,819 |
| Net Income from Gaming Activities | $20,260 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $510,452 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $408,017 |
| 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. | $97,334 |
| Compensation of current officers, directors, key employees. | $9,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,834 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $461 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,948 |
| Office expenses | $7,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,512 |
| 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 | $2,511 |
| All other expenses | $0 |
| Total functional expenses | $585,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,483 |
| Savings and temporary cash investments | $252,839 |
| 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 | $245,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $552,735 |
| 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 | $1,623 |
| Total liabilities | $1,623 |
| Net assets without donor restrictions | $551,112 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $552,735 |
Grants Awarded
Over the last fiscal year, Hardrock Club has awarded $404,240 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH DAKOTA SCHOOL OF MINES & TECH PURPOSE: SCHOLARSHIPS | $391,240 |
SDSM&T CARA PURPOSE: SCHOLARSHIPS | $13,000 |