Mount Rushmore National Memorial Society Of Black Hills
- Assets
- $19.9m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 61
- Location
- Rapid City, SD
- Founding
- 08/1944
- Data as of
- 12/2023
- EIN
- 46-0258947
Organization Overview
Mount Rushmore National Memorial Society Of Black Hills is located in Rapid City, SD. The organization was established in 1944. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Mount Rushmore National Memorial Society Of Black Hills employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Rushmore National Memorial Society Of Black Hills 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 12/2023, Mount Rushmore National Memorial Society Of Black Hills generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SINCE 1930 THE MOUNT RUSHMORE NATIONAL MEMORIAL SOCIETY THE SOCIETY HAS BEEN THE OFFICIAL FUNDRAISING PARTNER FOR MOUNT RUSHMORE NATIONAL MEMORIAL THE MEMORIAL WORKING TOWARD THE CREATION PROMOTION AND SUPPORTING EDUCATIONAL PROGRAMS OF THE SCULPTURE ITS HISTORY AND NATURAL RESOURCES SCIENTIFIC EDUCATIONAL AND INTERPRETIVE STUDIES. IN COLLABORATION WITH THE NATIONAL PARK SERVICE THE SOCIETY SHARES A MISSION OF PROTECTING AND PRESERVING THE MEMORIAL WHILE PROVIDING INSPIRATIONAL EXPERIENCES FOR PEOPLE FROM AROUND THE WORLD BY PROVIDING PUBLICATIONS AUDIO TOURS TRAIL OPPORTUNITIES EDUCATIONAL FORUMS SPECIAL EVENTS AND NATIONAL CELEBRATIONS. IN ADDITION THE SOCIETY PROMOTES THE ARTS AND STUDIES IN THE PRINCIPLES AND HISTORY OF DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN KEEPING WITH ITS MISSION TO PROTECT PRESERVE AND PROMOTE MOUNT RUSHMORE NATIONAL MEMORIAL THE SOCIETY PROVIDES FUNDING TO ENHANCE THE VISITOR EXPERIENCE AND PROVIDE EDUCATION AND INTERPRETIVE PROGRAMMING TO THE PUBLIC ABOUT MOUNT RUSHMORE IN PARTNERSHIP WITH THE NATIONAL PARK SERVICE. THROUGH THE OPERATION OF THE MOUNT RUSHMORE BOOKSTORES FUNDRAISING AND COMMUNITY OUTREACH AND ENGAGEMENT THE SOCIETY PROVIDES FUNDING AND SUPPORT FOR THE FOLLOWING PROJECTS: MOUNT RUSHMORE INTERPRETIVE RANGER INTERN PROGRAM SCHOOL BUS PARKING AND TRANSPORTATION SCHOLARSHIPS WHICH ALLOW CHILDREN FROM LOCAL SCHOOLS TO ATTEND EDUCATIONAL OPPORTUNITIES AT THE MEMORIAL HISTORICAL AND CULTURAL PERFORMANCES EXHIBITS AND DEMONSTRATIONS JUNIOR RANGER PROGRAM AND SUPPLIES ENHANCEMENT OF RANGER VISITOR INFORMATION STATIONS DEVELOPMENT OF ORIGINAL PUBLICATIONS TO BE SOLD AT THE MEMORIAL HOSTING OF LOCAL COMMUNITY OUTREACH EVENTS PUBLICATION OF MATERIALS FOR LOCAL VISITOR CENTERS AND PROVIDING INTERPRETIVE PROGRAM SUPPLIES LIBRARY ACQUISITIONS AND MEETING SPACE FOR PARK SERVICE EMPLOYEE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marnie Herrmann President | OfficerTrustee | 5 | $0 |
Aaron Galloway Past President | OfficerTrustee | 5 | $0 |
Eileen Rossow Vice President | OfficerTrustee | 5 | $0 |
Rich Kinzley Secretary | OfficerTrustee | 5 | $0 |
Anthony Cleberg Treasurer | OfficerTrustee | 5 | $0 |
Jeffrey Connolly Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Presidential Parking Management Fees | 9/29/17 | $275,543 |
The Compass Group Inc Fundraising | 9/29/17 | $105,000 |
Presidential Parking Management Fees | 9/29/17 | $275,543 |
The Compass Group Inc Fundraising | 9/29/17 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,961 |
| Fundraising events | $162,114 |
| Related organizations | $0 |
| Government grants | $163,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $552,838 |
| Noncash contributions included in lines 1a–1f | $8,464 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $882,955 |
| Total Program Service Revenue | $0 |
| Investment income | $407,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,950 |
| Net Gain/Loss on Asset Sales | $466,904 |
| Net Income from Fundraising Events | -$89,308 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,321,568 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,999,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $411,426 |
| 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. | $199,920 |
| Compensation of current officers, directors, key employees. | $132,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,674 |
| Pension plan accruals and contributions | $8,917 |
| Other employee benefits | $93,106 |
| Payroll taxes | $55,340 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,829 |
| Fees for services: Accounting | $27,289 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $75,831 |
| Fees for services: Other | $16,842 |
| Advertising and promotion | $32,394 |
| Office expenses | $117,273 |
| Information technology | $66,260 |
| Royalties | $4,316 |
| Occupancy | $77,823 |
| Travel | $37,455 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,450 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,534 |
| Insurance | $25,410 |
| All other expenses | $17,261 |
| Total functional expenses | $2,384,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,997 |
| Savings and temporary cash investments | $2,413,474 |
| Pledges and grants receivable | $28,000 |
| Accounts receivable, net | $159 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $286,718 |
| Prepaid expenses and deferred charges | $66,307 |
| Net Land, buildings, and equipment | $1,934,466 |
| Investments—publicly traded securities | $14,874,861 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $80,338 |
| Other assets | $20,248 |
| Total assets | $19,868,568 |
| Accounts payable and accrued expenses | $138,634 |
| Grants payable | $0 |
| Deferred revenue | $203 |
| 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 | $80,338 |
| Total liabilities | $219,175 |
| Net assets without donor restrictions | $18,951,619 |
| Net assets with donor restrictions | $697,774 |
| 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 | $19,868,568 |
Grants Awarded
Over the last fiscal year, Mount Rushmore National Memorial Society Of Black Hills has awarded $145,758 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL PARK SERVICE PURPOSE: Aid to the Park | $137,608 |
NATIONAL PARK SERVICE PURPOSE: Aid to the Park | $8,150 |