Historic Rapid City
- Assets
- $245.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 08/1993
- Data as of
- 12/2017
- EIN
- 46-0424536
Organization Overview
Historic Rapid City is located in Rapid City, SD. The organization was established in 1993. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Rapid City 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 12/2017, Historic Rapid City generated $35.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $7.0k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (32.8%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2017
Describe the Organization's Program Activity:
Part 3
RESTORATION AND PRESERVATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trisha Masterlark Secretary | 5 | $0 | |
Jean Kessloff President | 15 | $0 | |
Garry Denker Treasurer | 5 | $0 | |
Fred Thurston Board Member | 10 | $0 | |
Bill Kesslof Board Member | 10 | $0 | |
Nancy Gowen Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,936 |
| Total Program Service Revenue | $0 |
| Membership dues | $100 |
| Investment income | $176 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,218 |
| Other Revenue | $0 |
| Total Revenue | $35,430 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10 |
| Occupancy, rent, utilities, and maintenance | $1,071 |
| Printing, publications, postage, and shipping | $181 |
| Other expenses | $5,728 |
| Total expenses | $6,990 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,797 |
| Other assets | $0 |
| Total assets | $245,173 |
| Total liabilities | $1 |
| Net assets or fund balances | $245,172 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historic Rapid City has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Watertown Development Company Watertown, SD | $26,777,594 | $1,539,881 |
Destination Medical Center Corporation Rochester, MN | $379,838 | $2,053,572 |
Northside Economic Opportunity Network Minneapolis, MN | $8,534,205 | $5,326,140 |
Greater Fargo Moorhead Economic Development Corporation Fargo, ND | $1,995,409 | $1,379,514 |
Pottawattamie County Development Corporation Council Bluffs, IA | $7,450,789 | $1,451,387 |
Newbo City Market Cedar Rapids, IA | $2,228,131 | $819,874 |
Northspan Group Incorporated Duluth, MN | $484,560 | $824,081 |
Ocdc Inc Orange City, IA | $11,104,202 | $1,328,566 |
West Broadway Area Coalition Minneapolis, MN | $5,268,017 | $711,000 |
Downtown Billings Bid Inc Billings, MT | $644,647 | $678,748 |
Lee County Economic Development Group Inc Montrose, IA | $1,195,323 | $903,692 |
Mitchell Area Development Corporation Mitchell, SD | $4,585,529 | $855,472 |