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 460118545 ELEVATE RAPID CITY ELEV 6053431744 18 E MAIN STREET RAPID CITY SD 57701 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 TOM JOHNSON 18 E MAIN STREET RAPID CITY SD 57701 11929341 0 X WWW.ELEVATERAPIDCITY.COM X 1885 SD ELEVATE THE RAPID CITY REGION FOR ALL. 47 47 21 47 0 0 378518 10594518 860549 818493 73358 227478 12622 288852 1325047 11929341 265010 315311 0 0 1449156 1542146 0 0 0 543108 853803 2257274 2711260 -932227 9218081 9523060 18402928 1019171 1027269 8503889 17375659 ELEVATE THE RAPID CITY REGION FOR ALL. 0 0 AS THE PREMIER WESTERN SOUTH DAKOTA ECONOMIC DEVELOPMENT ORGANIZATION, ELEVATE IS COMMITTED TO PROMOTING BUSINESS AND PERSONAL ADVANCEMENT THROUGH A TARGETED SPOTLIGHT ON JOBS, INFRASTRUCTURE, AND OVERALL QUALITY OF LIFE IN AND AROUND THE BLACK HILLS REGION AND THE RAPID CITY METRO AREA. TOGETHER, WE STRIVE TO EMBRACE THE HEART AND SOUL OF OUR COMMUNITY THROUGH DIVERSIFIED GROWTH AND STRONG PROFESSIONAL OPPORTUNITIES ADVOCATING THE STRENGTHS OF THE BLACK HILLS. 0 1 0 1 0 0 0 0 0 1 0 0 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 18 0 1 21 1 0 0 0 0 0 0 0 0 0 0 X 47 47 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 6053431744 18 E MAIN STREET RAPID CITY SD 57701 DARREN HAAR CHAIR 1.00 0.50 X X 0 0 0 PAULETTE DAVIDSON VICE CHAIR 1.00 0.50 X X 0 0 0 TOM WEAVER SECRETARY/TREASURER 1.00 0.50 X X 0 0 0 MAYOR STEVE ALLENDER EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 DICK JOHNSON EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 MARNE JONES EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 TODD KENNER EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 BRANDON LANCE EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 PETE LIEN EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 GREG LOOS EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 KYLE RICHARDS EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 ALAN SOLANO EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 DENNIS AANENSON DIRECTOR 1.00 0.00 X 0 0 0 JODI ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 SHON ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER BALOUN DIRECTOR 1.00 0.00 X 0 0 0 SCOTT BARBOUR DIRECTOR 1.00 0.00 X 0 0 0 ANDY BARTLING DIRECTOR 1.00 0.00 X 0 0 0 JODY BENDER DIRECTOR 1.00 0.00 X 0 0 0 LEAH BRAUN DIRECTOR 1.00 0.00 X 0 0 0 TODD CHRISTOFFER DIRECTOR 1.00 0.00 X 0 0 0 TODD GAGNE DIRECTOR 1.00 0.00 X 0 0 0 JON GILLAM DIRECTOR 1.00 0.00 X 0 0 0 JIM HAAR DIRECTOR 1.00 0.00 X 0 0 0 LIZ HAMBURG DIRECTOR 1.00 0.00 X 0 0 0 JACK LYNASS DIRECTOR 1.00 0.00 X 0 0 0 AL RIEMAN DIRECTOR 1.00 0.00 X 0 0 0 DOMICO RODRIGUEZ DIRECTOR 1.00 0.00 X 0 0 0 BEN ROGERS DIRECTOR 1.00 0.00 X 0 0 0 ANJELICA SASSE DIRECTOR 1.00 0.00 X 0 0 0 JERRY SCHMIDT DIRECTOR 1.00 0.00 X 0 0 0 HANI SHAFAI DIRECTOR 1.00 0.00 X 0 0 0 KRISTI STANDING HIGH DIRECTOR 1.00 0.00 X 0 0 0 KELSEY STINE DIRECTOR 1.00 0.00 X 0 0 0 JENNIFER TRUCANO DIRECTOR 1.00 0.00 X 0 0 0 VESTA WELLS JOHNSON DIRECTOR 1.00 0.00 X 0 0 0 SARAH WHITE DIRECTOR 1.00 0.00 X 0 0 0 DR ANN BOLMAN EX-OFFICIO 1.00 0.00 X 0 0 0 HANNAH KELLEY EX-OFFICIO 1.00 0.00 X 0 0 0 FRAN WHITE EX-OFFICIO 1.00 0.00 X 0 0 0 SCOTT LANDGUTH EX-OFFICIO 1.00 0.00 X 0 0 0 RON ROSSKNECHT EX-OFFICIO 1.00 0.00 X 0 0 0 DR LAURIE NICHOLS EX-OFFICIO 1.00 0.00 X 0 0 0 DR JIM RANKIN EX-OFFICIO 1.00 0.00 X 0 0 0 DR LORI SIMON EX-OFFICIO 1.00 0.00 X 0 0 0 LAURA ARMSTRONG EX-OFFICIO 1.00 0.00 X 0 0 0 JOHN ROBERTS EX-OFFICIO 1.00 0.00 X 0 0 0 TOM JOHNSON PRESIDENT/CEO 39.00 1.00 X 276789 0 34678 276789 0 34678 1 0 1 0 SCULL CONSTRUCTION SERVICES INC 803 INDUSTRIAL AVE RAPID CITY SD 57702 CONSTRUCTION SERVICES 176852 1 3247799 7346719 10594518 MEMBERSHIP DUES 900099 749395 749395 EVENT INCOME 900099 69098 69098 818493 227478 227478 BAD DEBT RECOVERY 900099 266066 266066 MISCELLANEOUS INCOME 900099 22786 22786 288852 11929341 1107345 0 227478 311311 4000 311467 935083 49967 164354 81275 2943 39706 231950 92656 44357 36061 47387 108031 16887 37439 16329 DUES AND SUBSCRIPTIONS 130993 MEALS 26042 MISCELLANEOUS EXPENSES 23022 2711260 5393225 6011579 317829 1639766 1499922 7853394 63743 35641 1926522 2250830 72000 0 384102 68125 78339 315977 171480 187330 0 108411 9523060 18402928 277165 318670 141667 91667 339 0 600000 600000 0 16932 1019171 1027269 X 7931946 17125133 571943 250526 8503889 17375659 9523060 18402928 X 9218081 -346311 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 749395 31408 67602 99010 36092 62918 116611 116611 206397 68125 138272 61094 61094 315977 ACCRUED INTEREST PAYABLE 16932 16932 X 11663275 0 11663275 266066 266066 11929341 2791505 80245 80245 2711260 0 2711260 PART X, LINE 2: ELEVATE RAPID CITY IS A NONPROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(6). AT DECEMBER 31, 2022, THE ORGANIZATION 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT RECOVERY 266,066. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT RECOVERY -266,066. DISCOUNTS ON LOANS RECEIVABLE WITH BELOW MARKET INTEREST RATES 346,311. 1 SOUTH DAKOTA ELLSWORTH DEVELOPMENT AUTHORITY PO BOX 477 RAPID CITY SD 57709 271166754 GOVT 200004 0 COMMUNITY DEVELOPMENT B9 CREATIONS LLC 2828 PLANT ST 2 RAPID CITY SD 57702 593800932 24000 0 WORKFORCE DEVELOPMENT GRANT MAIN STREET SQUARE 512 MAIN ST STE 980 RAPID CITY SD 57701 273983146 501(C)(3) 10000 0 PARTNER IN PROGRESS CONTRIBUTION WESTMINSTER PRESBYTERIAN CHURCH 1012 SIOUX SAN DRIVE RAPID CITY SD 57702 460282874 501(C)(3) 8000 0 RELOCATE GRANT NUGGET ENTERPRISES LLP 11 NEW YORK STREET RAPID CITY SD 57701 462696364 8000 0 RELOCATE GRANT SD GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT 711 E WELLS AVE PIERRE SD 57501 466000364 GOVT 7500 0 2022 GOVERNOR'S HUNT SPONSORSHIP MIDLAND SCIENTIFIC INC 2215 MARLIN DR LOT 100 RAPID CITY SD 57703 7336 0 RELOCATE GRANT DARCEO INC 1675 SAMCO RD UNIT A RAPID CITY SD 57702 262059519 5025 0 RELOCATE GRANT 4 4 PART I, LINE 2: AFTER SCHOLARSHIPS ARE AWARDED, ELEVATE CONFIRMS DIRECTLY WITH THE HIGHER EDUCATION SCHOOLS WITH WHICH THE RECIPIENT IS ENROLLED. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS, WHO IN TURN PROCESS AND DISTRIBUTE THE SCHOLARSHIPS TO THE RESPECTIVE INDIVIDUALS USING THEIR NORMAL POLICIES AND PROCEDURES. TOTAL SCHOLARSHIPS AWARDED DURING 2022 WERE LESS THAN $5,000 AND NOT REPORTED ON SCHEDULE I. FUNDS ARE ALSO DISTRIBUTED TO LOCAL NONPROFIT AND GOVERNMENTAL ORGANIZATIONS TO SUPPORT PROGRAMS THAT ALIGN WITH ELEVATE RAPID CITY'S MISSION. ELEVATE RAPID CITY WORKS CLOSELY WITH THESE ORGANIZATIONS TO ENSURE THEY ARE ACHIEVING POSITIVE RESULTS IN THE COMMUNITY AND THAT THE FUNDS ARE BEING USED AS INTENDED. X X 0 0 0 TOM JOHNSON PRESIDENT/CEO 249789 0 27000 0 0 0 17842 0 16836 0 311467 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 RAPID CITY AREA BUSINESSES THAT BECOME MEMBERS OF ELEVATE RAPID CITY RECEIVE THE RIGHT TO VOTE AT THE ANNUAL MEETING. THE ORGANIZATION HAS OVER 750 MEMBERS. 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 THE PRESIDENT IS RESPONSIBLE FOR MONITORING CONFLICT OF INTEREST SITUATIONS AT EACH BOARD MEETING IN ACCORDANCE WITH THE PROCEDURES SET FORTH IN THE BYLAWS. ANY BOARD MEMBER DEEMED TO HAVE A CONFLICT IS TO REFRAIN FROM VOTING ON MATTERS INVOLVING THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF ELEVATE HAS AN ANNUAL REVIEW PERFORMED BY THE PRESENT AND PAST CHAIRMAN OF THE BOARD OF DIRECTORS. THIS REVIEW CONSISTS OF A PERSONAL MEETING WITH THE PRESIDENT AND A FOLLOW-UP MEETING BETWEEN THE PRESENT AND PAST CHAIRMAN. THIS REVIEW IS DONE USING PERFORMANCE CRITERIA, AS WELL AS THE AMERICAN CHAMBER OF COMMERCE EXECUTIVES' CHAMBER PROFESSIONAL SALARY AND BENEFITS REPORT FOR COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 GENERALLY, ONLY A COPY OF THE 990 IS MADE AVAILABLE TO THE GENERAL PUBLIC. SPECIFIC REQUESTS FOR OTHER INFORMATION ARE REVIEWED BY THE PRESIDENT AND DISCUSSED WITH THE BOARD OF DIRECTORS FOR CONSIDERATION. FORM 990, PART XI, LINE 9: DISCOUNTS ON LOANS RECEIVABLE WITH BELOW MARKET INTEREST RATES -346,311. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION PO BOX 747 RAPID CITY SD 57709 237267019 ECONOMIC DEVELOPMENT SD 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION C 2128147 CASH PAID RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION K 27937 CASH PAID RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION 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.