2023-11-14T15:43:00-06:00 2022-12-31 460403496 CASEY PETERSON LTD 909 ST JOSEPH ST STE 101 RAPID CITY SD 57701 990 2022-01-01 237267019 RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION RAPI 6053431744 PO BOX 747 RAPID CITY SD 57709 TOM JOHNSON PRESIDENT/CEO 6053431744 2023-11-14 1 TOM JOHNSON 999009999 1 KAYLA GIESEY CPA P01874520 6053481930 2023-11-14 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z X TOM JOHNSON PO BOX 747 RAPID CITY SD 57709 5545584 0 X N/A X 1973 SD TO IMPROVE THE QUALITY OF LIFE AND INCREASE PERSONAL INCOME LEVELS IN THE RAPID CITY AREA BY FOSTERING A VITAL BUSINESS CLIMATE WHICH PROVIDES QUALITY NEW JOBS, ATTRACTS NEW BUSINESS, HELPS EXISTING BUSINESS, AND PROMOTES ENTREPRENEURSHIP. 12 12 0 12 0 0 2276378 0 340230 295557 161363 2199401 32058 26 2810029 2494984 103606 2128147 0 0 0 0 0 0 0 940488 1054378 1044094 3182525 1765935 -687541 18568120 15961561 5863990 3944972 12704130 12016589 TO IMPROVE THE QUALITY OF LIFE AND INCREASE PERSONAL INCOME LEVELS IN THE RAPID CITY AREA BY FOSTERING A VITAL BUSINESS CLIMATE WHICH PROVIDES QUALITY NEW JOBS, ATTRACTS NEW BUSINESS, HELPS EXISTING BUSINESS, AND PROMOTES ENTREPRENEURSHIP. 0 0 THE FOUNDATION HAS AN EXTREMELY ACTIVE, FOCUSED PROGRAM IN PLACE WORKING TO ATTRACT QUALITY, PRIMARY JOBS TO THE RAPID CITY AREA. PRIMARY JOBS ARE THOSE JOBS THAT BRING NEW WEALTH INTO THE COMMUNITY. THE FOUNDATION FOCUSES ITS PROGRAMS ON ATTRACTING MANUFACTURING, PROCESSING, AND SERVICE EXPORTING INDUSTRIES. THE FOUNDATION ALSO WORKS TO HELP LOCAL COMPANIES EXPAND AND RETAIN JOBS. THE FOUNDATION RECEIVES PROGRAM REVENUE FROM LEASING SPACE TO NEW AND GROWING BUSINESSES IN THE AREA. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 6053431744 PO BOX 747 RAPID CITY SD 57709 DARREN HAAR CHAIR 0.50 1.00 X X 0 0 0 PAULETTE DAVIDSON VICE CHAIR 0.50 1.00 X X 0 0 0 TOM WEAVER SECRETARY/TREASURER 0.50 1.00 X X 0 0 0 STEVE ALLENDER BOARD MEMBER 0.50 1.00 X 0 0 0 DICK JOHNSON BOARD MEMBER 0.50 1.00 X 0 0 0 MARNE JONES BOARD MEMBER 0.50 1.00 X 0 0 0 TODD KENNER BOARD MEMBER 0.50 1.00 X 0 0 0 BRANDON LANCE BOARD MEMBER 0.50 1.00 X 0 0 0 PETE LIEN BOARD MEMBER 0.50 1.00 X 0 0 0 GREG LOOS BOARD MEMBER 0.50 1.00 X 0 0 0 KYLE RICHARDS BOARD MEMBER 0.50 1.00 X 0 0 0 ALAN SOLANO BOARD MEMBER 0.50 1.00 X 0 0 0 TOM JOHNSON PRESIDENT/CEO 1.00 39.00 X 0 276789 34678 0 276789 34678 0 0 1 0 SCULL CONSTRUCTION PO BOX 7636 RAPID CITY SD 57702 CONSTRUCTION 1380133 1 BUILDING LEASE 531120 295557 295557 295557 1 1 5250000 3050600 2199400 2199400 2199400 MISCELLANEOUS INCOME 900099 26 26 26 2494984 295557 0 2199427 2128147 16176 3410 42433 216303 204290 511119 19220 REPAIRS AND MAINTENANCE 40369 MISCELLANEOUS 1058 3182525 44146 5840 10866 0 438378 0 8602 526 15480835 418381 17128612 15062454 892741 892741 44775 0 18568120 15961561 147002 847 4000000 3942125 1716988 0 0 2000 5863990 3944972 X 12704130 12016589 12704130 12016589 18568120 15961561 -687541 0 X X 0 1 X 1 0 1610312 1610312 13484565 308151 13176414 385958 110230 275728 15062454 BLACK HILLS REGIONAL ANGEL FUND 100000 C RUSHMORE BUSINESS PARK LAND FOR SALE 792741 C 892741 TENANT SECURITY DEPOSITS 2000 2000 X 2811109 316125 316125 2494984 0 2494984 3498650 316125 316125 3182525 0 3182525 PART X, LINE 2: THE FOUNDATION IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). AT DECEMBER 31, 2022, THE FOUNDATION BELIEVES THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH MATERIAL UNCERTAIN TAX POSITIONS. NO FEDERAL INCOME TAX IS PAID UNLESS NET INCOME IS DERIVED FROM ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT ACTIVITIES. NO SUCH ACTIVITIES ARE CONDUCTED. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIZED RENT 316,125. PART XII, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIZED RENT 316,125. 1 ELEVATE RAPID CITY PO BOX 747 RAPID CITY SD 57709 460118545 501(C)(6) 2128147 0 ECONOMIC DEVELOPMENT PROGRAMS 1 PART I, LINE 2: GRANTS ARE ONLY MADE TO ELEVATE RAPID CITY, A RELATED ORGANIZATION. THE BOARD OF THE FOUNDATION IS COMPOSED OF THE EXECUTIVE COMMITTEE OF ELEVATE RAPID CITY, WHO MONITORS THE USE OF FUNDS BY ELEVATE RAPID CITY. 0 0 0 TOM JOHNSON PRESIDENT/CEO 0 249789 0 27000 0 0 0 17842 0 16836 0 311467 0 0 PART I, LINE 3 THE PRESIDENT/CEO IS EMPLOYED BY ELEVATE RAPID CITY, A RELATED ORGANIZAITON (SEE SCHEDULE R). ELEVATE RAPID CITY'S PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO INCLUDES REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT WHO REVIEWS IT WITH MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD AT A REGULAR BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND STAFF MEMBERS, AS WELL AS THEIR FAMILY MEMBERS, MUST DISCLOSE BUSINESS OR FAMILY RELATIONSHIPS WITH ANY OTHER BOARD MEMBER OR MANAGEMENT. THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE FIRST MEETING FOLLOWING THE ANNUAL BOARD MEETING, THE BOARD IS PRESENTED COPIES OF EACH OF THE POLICIES. THOSE WITH CONFLICTS ARE NOT ALLOWED TO PARTICIPATE IN VOTES. DISCLIPINARY ACTION, UP TO AND INCLUDING TERMINATION, IS APPLICABLE TO ANY STAFF WHO VIOLATES THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT/CEO IS EMPLOYED BY ELEVATE RAPID CITY, A RELATED ORGANIZAITON (SEE SCHEDULE R). THE FOUNDATION DOES NOT HAVE ANY DIRECT EMPLOYEES. ELEVATE RAPID CITY'S PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO DOES INCLUDE REVIEW AND APPROVAL BY INDEPENDENT PERSONS AND USE OF COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ELEVATE RAPID CITY PO BOX 474 RAPID CITY SD 57709 460118545 ECONOMIC DEVELOPMENT SD 501(C)(6) 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 ELEVATE RAPID CITY B 2128147 CASH PAID ELEVATE RAPID CITY J 27937 CASH PAID ELEVATE RAPID CITY O 311466 COMPENSATION PAID BY ERC TO CEO SCHEDULE R - ADDITIONAL INFORMATION THE EXECUTIVE COMMITTEE OF ELEVATE RAPID CITY SERVES AS THE BOARD OF DIRECTORS FOR RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION. RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION RENTS OFFICE SPACE TO ELEVATE RAPID CITY. RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION SHARES EMPLOYEES; PAYROLL IS PAID IN FULL BY ELEVATE RAPID CITY.