Black Hills Corporation Foundation
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $4.8m
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 75-2986866
Organization Overview
Black Hills Corporation Foundation is located in Rapid City, SD. The organization was established in 2002. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Hills Corporation 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 12/2021, Black Hills Corporation Foundation generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 69.1% each year . All expenses for the organization totaled $977.5k during the year ending 12/2021. While expenses have increased by 12.9% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaf Karim Vice Pres | 0.25 | $0 | |
Josh Wosepka Treasurer | 1 | $0 | |
Linn Evans Director | 0.25 | $0 | |
Keven Jarosz Director | 0.25 | $0 | |
Wes Ashton Director | 0.25 | $0 | |
Vance Crocker Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $851,213 |
| Interest on Savings | $12 |
| Dividends & Interest | $205,166 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,056,391 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,161 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $249 |
| Total operating and administrative expenses | $3,410 |
| Contributions, gifts, grants paid | $974,087 |
| Total expenses and disbursements | $977,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,228 |
| Savings and temporary cash investments | $210,719 |
| Net Accounts receivable | $99,328 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,607,873 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,164,188 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $99,328 |
| Total liabilities | $99,328 |
Peer Organizations
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|---|---|---|
United Health Foundation Minnetonka, MN | $216,072,517 | $86,645 |
Weitz Family Foundation Omaha, NE | $41,283,061 | $24,036,289 |
Liana Foundation Inc Jackson, WY | $99,821,769 | $1,410,375 |
The Green Fern Foundation Minneapolis, MN | $108,921,285 | $8,489,620 |
Andersen Corporate Foundation Bayport, MN | $0 | $11,597,422 |
Telligen Community Initiative West Des Moines, IA | $44,005,034 | $3,901,747 |
Kooper Fellman Foundation Omaha, NE | $583,389 | $332,061 |
Remick Family Foundation Rochester, MN | $37,696,720 | $873,083 |
Tischer Creek Duluth Buildingcompany Duluth, MN | $17,330,550 | $1,688,178 |
Cla Foundation Minneapolis, MN | $886,971 | $1,572,520 |
Mary H Storer Foundation Cheyenne, WY | $21,336,480 | $2,942,108 |
Gallagher Foundation St Louis Park, MN | $8,485,934 | $1,335,813 |