Black Hills State University Foundation

Organization Overview

Black Hills State University Foundation, operating under the name Steve Meeker, is located in Spearfish, SD. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2021, Steve Meeker employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Steve Meeker 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, Steve Meeker generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PRIVATE GIFT SUPPORT FOR BHSU. THE FOUNDATION'S PURPOSE IS TO COMMUNICIATE THIS TO ALUMNI, PARENTS, FRIENDS, CORPORATIONS, AND FOUNDATIONS TO OBTAIN AWARENES, UNDERSTANDING, ACCEPTANCE, AND SUPPORT. THE FOUNDATION ALSO ADDRESSES BOTH THE SHORT-TERM OPERATING AND LONG-TERM CAPITAL AND ENDOWMENT NEEDS OF BHSU.

Describe the Organization's Program Activity:

PROVIDE SCHOLARSHIPS AND AWARDS TO STUDENTS OF BLACK HILLS STATE UNIVERSITY. THE ORGANIZATION AWARDED 611 SCHOLARSHIPS.


INSTITUTIONAL SUPPORT OF MANAGEMENT AND SPECIAL PROJECTS RELATED TO BLACK HILLS STATE UNIVERSITY.


DEVELOP AND MAINTAIN RELATIONSHIPS WITH ALUMNI OF BHSU.


PRESIDENTIAL SUPPORT


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Board, Officers & Key Employees

Name (title)Compensation
Beth Benning
Secretary
$0
Daryl Johnson
President
$0
Damian Ederhoff
Vice Preside
$0
Steve Meeker
Exec Vice Pr
$0
Sandra Addy
Board Member
$0
Kathryn Johnson
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$66,571
Related organizations$0
Government grants $168,864
All other contributions, gifts, grants, and similar amounts not included above$2,670,394
Noncash contributions included in lines 1a–1f $46,232
Total Revenue from Contributions, Gifts, Grants & Similar$2,905,829
Total Program Service Revenue$0
Investment income $364,637
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $38,867
Net Gain/Loss on Asset Sales $75,228
Net Income from Fundraising Events $55,711
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,440,272

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Black Hills State University Foundation has recieved totaling $9,500.

Awarding OrganizationAmount
First Interstate Bancsystem Foundation Inc

Billings, MT

PURPOSE: GENERAL OPERATING SUPPORT

$9,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$20,661,457
Earnings$2,563,383
Admin Expense$549,305
Net Contributions$1,181,919
Grants$684,167
Ending Balance$23,173,287

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