EIN 23-7267019

Rapid City Economic Development Foundation

IRS 501(c) type
501(c)(6)
Num. employees
1
Year formed
1973
Most recent tax filings
2018-12
Financials as of 2018-12
Revenues
$3.1m
+$3m
895.6%
 
$3m: Govt grants
 
$298k: Prog svcs
 
$17k: Non-invt sales, net
Expenses
$657.7k
+$102k
18.3%
 
$173k: Deprec
 
$128k: Occup
 
$94k: Comp, officers
 
$262k: Misc other expenses
Assets
$9.7m
+$3m
34.7%
 
$5m: Bldg & equip
 
$2m: Savings
 
$2m: PRIs
 
$1m: Misc other assets
Liabilities
$89k
+$20k
28.9%
 
$82k: Accts pay
 
$7k: Other lia
Description
To improve the quality of life and increase personal income levels in the rapid city area by fostering a vital business climate which provides quality new jobs, attracts new business, helps existing business, and promotes entrepreneurship.

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 business in the area.

Form 990s for Rapid City Economic Development Foundation

Fiscal year endingDate received by IRSFormPDF link
2018-122019-10-12990View PDF
2017-122018-10-16990View PDF
2016-122017-10-20990OView PDF
2015-122016-10-21990OView PDF
2014-122015-10-06990OView PDF
...and 5 more Form 990s

Financials for Rapid City Economic Development Foundation

RevenuesFYE 12/2018
Total grants, contributions, etc.$2,810,312
Program services$297,972
Investment income and dividends$14,426
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$17,315
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$124
Total revenues$3,140,149

Personnel at Rapid City Economic Development Foundation

NameTitleCompensationDate of data
Patrick BurchillBoard President$02019-09-26
Dick JohnsonSecretary and Treasurer$02018-12-31
Terri HaverlyExecutive CH / Vice President$80,1942018-12-31
 Subscribe to viewVice Chairman$02018-12-31
 Subscribe to viewSecretary and Treasurer$02016-12-31

Organizations like Rapid City Economic Development Foundation

OrganizationTypeLocationRevenue
Develop Indy501(c)(6)Indianapolis, IN$4,396,804
Watertown Development Company501(c)(6)Watertown, SD$4,935,830
Downtown Santa Barbara (SBDO)501(c)(6)Santa Barbara, CA$1,179,718
Greater Huron Development Corporation501(c)(6)Huron, SD$3,865,151
Marble Falls Economic Development Corporation501(c)(6)Marble Falls, TX$2,686,008
Mifflin County Industrial Development Corporation (MCIDC)501(c)(6)Lewistown, PA$1,561,476
Economic Development Partnership501(c)(6)Aiken, SC$2,293,132
Brattleboro Development Credit Corporation (BDCC)501(c)(6)Brattleboro, VT$4,229,000
Historic Downtown Los Angeles Business Improvement District Property Owners501(c)(6)Los Angeles, CA$1,831,069
Cleveland County Chamber501(c)(6)Shelby, NC$1,049,274
Upstate Colorado Economic Development501(c)(6)Greeley, CO$2,114,396
Downtown Norfolk Council (DNC)501(c)(6)Norfolk, VA$2,373,559
Economic Progress Alliance of Crawford County501(c)(6)Meadville, PA$4,451,554
Wood County Economic Development Commission501(c)(6)Bowling Green, OH$888,510
Capitol Riverfront Business Improvement District (BID)501(c)(6)Washington, DC$4,341,991
Scottsville-Allen County Industrial Development Authority501(c)(6)Scottsville, KY$1,398,122
Henderson Economic Development Corporation (HEDCO)501(c)(6)Henderson, TX$1,632,073
Greater Brownsville Incentive Corporation (BEDC)501(c)(6)Brownsville, TX$4,995,871
Playhouse District Association (PDA)501(c)(6)Pasadena, CA$1,129,711
Los Alamos Economic Development Corporation501(c)(6)Los Alamos, NM$3,535,582
Economic Development Association of Alabama501(c)(6)Montgomery, AL$801,767
CUD Puerto Rico501(c)(6)San Juan, PR$1,207,052
New Mexico Amigos501(c)(6)Roswell, NM$1,111,366
California Alliance for Jobs501(c)(6)Sacramento, CA$4,469,333
Downtown Berkeley Association501(c)(6)Berkeley, CA$1,703,681
Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$3,140,149
2018
Yearly growth
895.6%
% of revenues
n/a
Total expenses
$657,681
2018
Yearly growth
18.3%
% of expenses
n/a
Total assets
$9,716,886
2018
Yearly growth
34.7%
% of assets
n/a
Num. employees
1
2018
Yearly growth
999%
% of total
n/a
General information
Address
525 University Loop Suite 101
Rapid City, SD57701
Metro area
Rapid City, SD
Phone
(605) 343-1880
IRS details
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1973
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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