Black Hills Works Foundation Inc
- Assets
- $33.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 01/1983
- Data as of
- 12/2023
- EIN
- 46-0363653
Organization Overview
Black Hills Works Foundation Inc is located in Rapid City, SD. The organization was established in 1983. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Hills Works Foundation Inc 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, Black Hills Works Foundation Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BLACK HILLS WORKS FOUNDATION, INC. IS COMMITTED TO ENSURING BLACK HILLS WORKS CONTINUES TO ENRICH THE LIVES OF PEOPLE WITH DISABILITIES NOW AND INTO THE FUTURE. THIS IS ACCOMPLISHED THROUGH RESOURCE DEVELOPMENT, CREATING AWARENESS, PROVIDING ADVOCACY, ENGAGING SUPPORTERS, AND MANAGING ASSETS TO SUPPORT THE IMMEDIATE AND LONG-TERM PRIORITIES OF BLACK HILLS WORKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BLACK HILLS WORKS FOUNDATION, INC. SECURED RESOURCES THAT SUPPORTED THE MISSION OF BLACK HILLS WORKS AND THOSE IT SERVES. RESOURCES WERE SECURED THROUGH COMMUNITY DONATIONS, GRANT INCOME, SPONSORSHIPS, FUNDRAISING EVENTS, IN-KIND GIFTS, AND SECURITIES AND INTEREST. THESE RESOURCES PROVIDED SUPPORT TO 430 PEOPLE SUPPORTED BY BLACK HILLS WORKS, MATCHING RESOURCES TO MEET THE NEEDS OF 724 REQUESTS. THIS INCLUDED ITEMS VITAL TO ONES QUALITY OF LIFE, INCLUDING GROCERIES, HYGIENE PRODUCTS, MEDICAL CO-PAYS, RENT ABATEMENT, MOVING EXPENSES, TRANSPORTATION, EMPLOYMENT SUPPORTS, WELLNESS ACTIVITIES, AND ARTS EXPRESSION. HOUSING WAS ALSO PROVIDED FOR MORE THAN 60 PEOPLE THROUGH AFFORDABLE HOUSING OPTIONS OWNED AND OPERATED BY THE FOUNDATION, AS WELL AS INVESTMENT IN NEW HOUSING OF THE FUTURE TO SUPPORT THE NEEDS OF FUTURE RESIDENTS. COUNTLESS STORIES WERE ALSO TOLD OF MORE THAN 65 PEOPLE SUPPORTED BY BLACK HILLS WORKS AS THEY COMMEMORATED 65 YEARS OF SERVICE TO THE RAPID CITY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Saathoff Board Treasurer | OfficerTrustee | 5 | $0 |
Dean Aurand Liaison | Trustee | 1 | $0 |
Chris Long Board Member | Trustee | 1 | $0 |
Alexa Stulken Board Member | Trustee | 1 | $0 |
Keith Robbennolt Board Member | Trustee | 1 | $0 |
Stephanie Dowling Board Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $140,741 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,134,660 |
| Noncash contributions included in lines 1a–1f | $196,456 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,275,401 |
| Total Program Service Revenue | $564,060 |
| Investment income | $408,518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,918 |
| Net Gain/Loss on Asset Sales | $479,841 |
| Net Income from Fundraising Events | -$54,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,721,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,351,221 |
| 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 | $569,961 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,220 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,941 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,680 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,296 |
| Office expenses | $54,129 |
| Information technology | $6,816 |
| Royalties | $0 |
| Occupancy | $130,288 |
| Travel | $360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,702 |
| Interest | $19,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,224 |
| Insurance | $33,595 |
| All other expenses | $0 |
| Total functional expenses | $3,127,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,348 |
| 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 | $5,310 |
| Net Land, buildings, and equipment | $7,537,242 |
| Investments—publicly traded securities | $25,535,613 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $601,506 |
| Total assets | $33,851,475 |
| Accounts payable and accrued expenses | $390,118 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $764,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,159,400 |
| Net assets without donor restrictions | $31,474,412 |
| Net assets with donor restrictions | $1,217,663 |
| 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 | $33,851,475 |