1. Directory
  2. South Dakota
  3. Rapid City
  4. Rapid City Economic Development Foundation
EIN 23-7267019

Rapid City Economic Development Foundation

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Rapid City
State
South Dakota
Year formed
1973
Most recent tax filings
2022-12-01
NTEE code, primary
S30: Economic Development
Description
The Rapid City Economic Development Foundation fosters a vital business climate to improve the quality of life and increase personal income levels in the area. Its active program focuses on attracting quality, primary jobs to bring new wealth into the community, with a particular emphasis on attracting manufacturing businesses.
Related structure
Rapid City Economic Development Foundation is a subordinate organization under Elevate Rapid City.
Total revenues
$2,494,984
2022
Total expenses
$3,182,525
2022
Total assets
$15,961,561
2022
Num. employees
0
2022

Program areas at Rapid City Economic Development Foundation

The Foundation has an extremely active, focused program in place working to attract quality, primary jobs to the Rapid City area. Primary jobs are those jobs that bring new wealth into the community. The Foundation focuses its programs on attracting manufacturing, processing, and service exporting industries. The Foundation also works to help local companies expand and retain jobs. The Foundation receives program revenue from leasing space to new and growing businesses in the area.

Grants made by Rapid City Economic Development Foundation

GranteeGrant descriptionAmount
Elevate Rapid CityEconomic Development Programs$2,128,147

Personnel at Rapid City Economic Development Foundation

NameTitleCompensation
Tom JohnsonPresident and Chief Executive Officer$0
Dana BorowskiFinance Director
Paulette DavidsonVice Chairman$0
Tom WeaverSecretary and Treasurer$0
Darren HaarChairman$0
...and 3 more key personnel

Financials for Rapid City Economic Development Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$295,557
Investment income and dividends$1
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,199,400
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$26
Total revenues$2,494,984

Form 990s for Rapid City Economic Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-10990View PDF
2019-122021-06-07990View PDF
2018-122019-10-12990View PDF
...and 9 more Form 990s
Data update history
January 22, 2024
Updated personnel
Identified 3 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Used new vendors
Identified 1 new vendor, including
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsChapter / child organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingNo full-time employees
General information
Address
PO Box 747
Rapid City, SD 57709
Metro area
Rapid City, SD
County
Pennington County, SD
Website URL
elevaterapidcity.com/ 
Phone
(605) 343-1744
IRS details
EIN
23-7267019
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Subordinate organization
Free account sign-up

Want updates when Rapid City Economic Development Foundation has new information, or want to find more organizations like Rapid City Economic Development Foundation?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy