Southern Hills Future Foundation
- Assets
- $177.9k
- Revenue
- $69.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hot Springs, SD
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 81-5373468
Organization Overview
Southern Hills Future Foundation is located in Hot Springs, SD. The organization was established in 2017. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Hills Future Foundation 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, Southern Hills Future Foundation generated $69.4k in total revenue. All expenses for the organization totaled $52.9k during the year ending 12/2021. While expenses have increased by 26.9% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOUTHERN HILLS FUTURE FOUNDATION IS A NON-PROFIT ORGANIZATION WHICH IS COMMITTED TO ACQUIRING AND MANAGING PROPERTIES IN THE SOUTHERN BLACK HILLS OF SOUTH DAKOTA TO ADVANCE HIGHER EDUCATION, RESEARCH, AND OTHER FORMS OF ECONOMIC DEVELOPMENT FOR THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Spitzer Chair | 1 | $0 | |
John Pence Vice Chair | 1 | $0 | |
Heidi Mcbride Board Member | 1 | $0 | |
Stacey Moulten Board Member | 1 | $0 | |
Greg Oleson Board Member | 1 | $0 | |
Mutch Usera Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $6,919 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $69,380 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,347 |
| Depreciation | $3,280 |
| Occupancy | $27,185 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,097 |
| Total operating and administrative expenses | $52,915 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $52,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,649 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $171,237 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $177,886 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Hills Future Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoyt Sherman Place Foundation Des Moines, IA | $25,209,028 | $4,318,549 |
The Durham Museum Omaha, NE | $15,389,425 | $5,410,421 |
Clover Fields Preservation Foundation Inc Minneapolis, MN | $10,552,332 | $5,740,196 |
The Basilica Landmark Minneapolis, MN | $10,889,737 | $3,579,135 |
Orpheum Theatre Preservation Project Ltd Sioux City, IA | $9,952,360 | $2,698,691 |
Yellowstone Historic Center Inc West Yellowstone, MT | $1,507,190 | $417,504 |
Badlands Natural History Association Inc Interior, SD | $3,710,673 | $1,802,760 |
Franklin County Fair Foundation Hampton, IA | $108,954 | $446,222 |
Heart Mountain Wyoming Foundation Powell, WY | $9,452,012 | $2,858,388 |
South Dakota Historical Society Foundation Pierre, SD | $2,393,071 | $765,039 |
Burlington Riverfront Entertainment Burlington, IA | $130,152 | $703,143 |
Warroad Memorial Arena Association Inc Warroad, MN | $3,598,020 | $358,924 |