Black Hills Works Foundation Inc
- Assets
- $35.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 46-0363653
Organization Overview
Black Hills Works Foundation Inc is located in Rapid City, SD. The organization was established in 1983. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Black Hills Works Foundation Inc 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 Works Foundation Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE OUR COMMUNITY THROUGH AWARENESS, RELATIONSHIPS, RESOURCES AND STEWARDSHIP IN ORDER TO EMPOWER ORGANIZATIONS TO SUPPORT ADULTS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN ORDER TO ENRICH THE LIFE EXPERIENCE OF PEOPLE WITH DISABILITIES, WE ACTIVELY SEEK AND THEN MANAGE CHARITABLE CONTRIBUTIONS TO SUPPORT OUR PRIORITIES WHICH INCLUDE: COMMUNITY LIVING SKILLS RESIDENTIAL POSSIBILITIES VOCATIONAL OPPORTUNITIES HOPES, DREAMS AND ASPIRATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Saathoff Board Treasurer | OfficerTrustee | 5 | $0 |
Nicole Haltiner Board Secretary | OfficerTrustee | 1 | $0 |
Keith Robbennolt Board Vice President | OfficerTrustee | 1 | $0 |
Alexa Stulken Board President | OfficerTrustee | 1 | $0 |
Andrea Serna President | Officer | 40 | $0 |
Chris Long Liaison | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,023 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $669,262 |
| Noncash contributions included in lines 1a–1f | $14,247 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $754,285 |
| Total Program Service Revenue | $679,895 |
| Investment income | $485,094 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,065 |
| Net Gain/Loss on Asset Sales | $650,194 |
| Net Income from Fundraising Events | -$45,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,572,719 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $521,673 |
| Grants and other assistance to domestic individuals. | $26,880 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $507,608 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,689 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,259 |
| Office expenses | $47,261 |
| Information technology | $13,720 |
| Royalties | $0 |
| Occupancy | $174,301 |
| Travel | $34 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,942 |
| Interest | $33,151 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389,037 |
| Insurance | $34,116 |
| All other expenses | $0 |
| Total functional expenses | $2,036,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,585 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,868 |
| Net Land, buildings, and equipment | $7,672,237 |
| Investments—publicly traded securities | $27,065,567 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $660,063 |
| Total assets | $35,552,118 |
| Accounts payable and accrued expenses | $122,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,027,012 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,149,206 |
| Net assets without donor restrictions | $33,082,275 |
| Net assets with donor restrictions | $1,320,637 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,552,118 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Black Hills Works Foundation Inc has recieved totaling $19,895.
| Awarding Organization | Amount |
|---|---|
Black Hills Area Community Foundation Rapid City, SD PURPOSE: COMMUNITY WELFARE | $19,784 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $111 |
Endowment Analysis
| Beg. Balance | $476,079 |
| Earnings | $77,180 |
| Admin Expense | $7,284 |
| Net Contributions | $127,267 |
| Other Expense | $14,784 |
| Ending Balance | $658,458 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Supporting Families Together Association Inc Madison, WI | $1,243,761 | $19,699,760 |
International Union Of Operating Engineers Minneapolis, MN | $24,562,358 | $20,752,936 |
Boone Center Inc St Peters, MO | $14,889,109 | $18,998,876 |
Pierce-Pepin Cooperative Services Ellsworth, WI | $45,602,496 | $18,833,383 |
American Federation Of State County & Municipal Employees Springfield, IL | $61,133,676 | $26,100,915 |
Laborers International Union Of North America Burr Ridge, IL | $65,530,613 | $20,238,151 |
Chicago Regional Council Of Carpenters Apprentice And Trainee Elk Grove Village, IL | $58,144,102 | $15,674,310 |
Goodwill Industries Of Kansas Inc Wichita, KS | $47,629,686 | $26,875,778 |
Goodwill Industries Of Greater Nebraska Inc Grand Island, NE | $23,720,104 | $21,067,980 |
Goodwill Industries Of Northeast Iowa Inc Waterloo, IA | $16,595,417 | $20,700,717 |
Epic Peoria, IL | $12,938,374 | $20,980,141 |
Chicago Journeymen Plumbers Local 130 Chicago, IL | $20,981,689 | $17,441,460 |