Black Hills State University Foundation

Organization Overview

Black Hills State University Foundation 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 12/2019, Black Hills State University Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Black Hills State University Foundation generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PRIVATE GIFT SUPPORT FOR BHSU. THE FOUNDATION'S PURPOSE IS TO COMMUNICATE THIS TO ALUMNI, PARENTS, FRIENDS, CORPORATIONS, AND FOUNDATIONS TO OBTAIN AWARENESS, 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:

Part 3 - Line 4a

PROVIDE SCHOLARSHIPS AND AWARDS TO STUDENTS OF BLACK HILLS STATE UNIVERSITY. THE ORGANIZATION AWARDED 790 SCHOLARSHIPS.


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


DEVELOP AND MAINTAIN RELATIONSHIPS WITH ALUMNI OF BHSU.


TO SUPPORT THE FACULTY OF BHSU.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$152,984
Related organizations$0
Government grants $224,719
All other contributions, gifts, grants, and similar amounts not included above$1,249,993
Noncash contributions included in lines 1a–1f $124,268
Total Revenue from Contributions, Gifts, Grants & Similar$1,627,696
Total Program Service Revenue$49,986
Investment income $392,960
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $97,318
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$64,711
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,103,249

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Black Hills State University Foundation has recieved totaling $72,487.

Awarding OrganizationAmount
Johnnie And Shirley Johnson Family Foundation

Fountain Hills, AZ

PURPOSE: TO ACHIEVE THE GOALS OF THE ORGANIZATION

$49,087
White Family Foundation

Dayton, OH

PURPOSE: SCHOLARSHIP

$8,000
White Family Foundation

Dayton, OH

PURPOSE: SCHOLARSHIP

$8,000
Hatterscheidt Foundation Inc

Aberdeen, SD

PURPOSE: SCHOLARSHIPS

$6,000
Ralph H Foss Memorial Trust

Milwaukee, WI

PURPOSE: SCHOLARSHIPS

$1,400
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,992,606
Earnings$2,566,362
Admin Expense$483,586
Net Contributions$695,594
Grants$602,725
Ending Balance$17,168,251

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