Pine Ridge Area Chamber Of Commerce
- Assets
- $299.1k
- Revenue
- $435.1k
- Investments
- $0.0
- Employees
- 28
- Location
- Kyle, SD
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 46-0458267
Organization Overview
Pine Ridge Area Chamber Of Commerce is located in Kyle, SD. The organization was established in 2003. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Pine Ridge Area Chamber Of Commerce employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Ridge Area Chamber Of Commerce 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, Pine Ridge Area Chamber Of Commerce generated $435.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $455.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A VOLUNTEER NON-PROFIT CORPORATION WHOSE PURPOSE IS TO CREATE, SUSTAIN, AND ENHANCE INDIAN OWNED BUSINESSES, THEREFORE, IMPROVING THE QUALITY OF LIFE ON THE PINE RIDGE INDIAN RESERVATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRACC WAS SUCCESSFUL IN CREATING AND OPERATING THE OGLALA LAKOTA LIVING HISTORY VILLAGE. THE VILLAGE IS A NATIVE AMERICAN TOURISM ATTRACTION THAT IS OPEN TO THE PUBLIC DURING THE SUMMER TOURISM SEASON. THE PROJECT IS A COLLABORATION BETWEEN THE OGLALA SIOUX TRIBE, PINE RIDGE AREA CHAMBER OF COMMERCE AND THE SOUTH DAKOTA DEPARTMENT OF TOURISM. UNFORTUNATELY, DUE TO THE COVID 19 PANDEMIC THE OLLHV DID NOT SEE THE VISITATION THAT WAS PROJECTED. OLLHV WILL BE OPEN FOR THE 2023 TOURISM SEASON. MAJOR MILESTONES ARE: EMPLOYING LOCAL NATIVE YOUTH. COMPLETION OF NEW DISPLAYS. PROVIDING CULTURAL EDUCATION. FORMULATING PARTNERSHIPS WITHIN THE TOURISM INDUSTRY.
PRACC WAS AWARDED A MARKETING GRANT FROM THE SOUTH DAKOTA DEPARTMENT OF TOURISM. THESE FUNDS ASSISTED PRACC WITH MARKETING EFFORTS RELATED TO THE PLAN CREATED IN THE ANA PROJECT. PRACC WAS ABLE TO PROVIDED TARGETED MARKETING TO REGIONS OF THE COUNTRY IN EFFORTS TO BOOST TOURISM ON THE PINE RIDGE RESERVATION AS AN ECONOMIC DRIVER. THE MARKETING IS BENEFICIAL TO LOCAL ENTREPRENEURS AND TRIBAL MEMBER OWNED BUSINESSES ON THE RESERVATION.
PRACC PARTNERED WITH AN ANNUAL EVENT CALLED THE HOKA HEY MOTORCYCLE CHALLENGE. PARTICIPANTS OF THE CHALLENGE DONATED FUNDS TO PRACC. THE FUNDS RECEIVED WERE USED AS A NON-FEDERAL MATCH TO THE ANA PROJECT. IN ADDITION, PRACC CREATED A SCHOLARSHIP FUND FOR LOCAL YOUTH ENTERING COLLEGE. PRACC WILL PROVIDE THE FIRST SCHOLARSHIP IN 2023.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,318 |
| Fundraising events | $2,114 |
| Related organizations | $0 |
| Government grants | $384,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,767 |
| Total Program Service Revenue | $36,975 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,071 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150 |
| 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. | $53,602 |
| Compensation of current officers, directors, key employees. | $53,602 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $157,305 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,191 |
| Payroll taxes | $22,397 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,614 |
| Advertising and promotion | $51,598 |
| Office expenses | $28,191 |
| Information technology | $3,147 |
| Royalties | $0 |
| Occupancy | $14,382 |
| Travel | $15,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,664 |
| Interest | $215 |
| Payments to affiliates | $881 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,189 |
| All other expenses | $0 |
| Total functional expenses | $454,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,843 |
| Savings and temporary cash investments | $43,747 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,138 |
| 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 | $3,004 |
| Net Land, buildings, and equipment | $129,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,044 |
| Total assets | $299,071 |
| Accounts payable and accrued expenses | -$15 |
| 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 | $3,779 |
| Total liabilities | $3,764 |
| Net assets without donor restrictions | $0 |
| 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 | $295,307 |
| Total liabilities and net assets/fund balances | $299,071 |