Black Hills Stock Show Foundation

Organization Overview

Black Hills Stock Show Foundation, operating under the name Western Legacy Foundation, is located in Rapid City, SD. The organization was established in 1994. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Legacy 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, Western Legacy Foundation generated $111.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $99.5k during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION WAS ESTABLISHED IN 1993 TO ADMINISTER YOUTH SCHOLARSHIPS AND GRANT PROGRAMS TO BENEFIT COMMUNITIES IN OUR REGION AND ORGANIZATIONS THAT SUPPORT THE AGRICULTURE INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE AND ENCOURAGE AGRICULTURE, HORTICULTURE, MINING, MECHANICS AND MANUFACTURERS, STOCKRAISING, AND GENERAL DOMESTIC INDUSTRY


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Board, Officers & Key Employees

Name (title)Compensation
Terry Taylor
Secretary
$0
Erdean Olsen
Director
$0
Scott Shoun
Director
$0
Bruce Blair
Historian
$0
Clay Cross
Director
$0
Jeff Cullum
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$21,825
Fundraising events$125,897
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$29,844
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$177,566
Total Program Service Revenue$0
Investment income $1,080
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$64,644
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$2,971
Miscellaneous Revenue$0
Total Revenue $111,031

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