2024-10-09T15:43:15-05:00 2023-12-31 460403496 CASEY PETERSON LTD 909 ST JOSEPH ST STE 101 RAPID CITY SD 57701 990 2023-01-01 273983146 MAIN STREET SQUARE MAIN 6057167979 512 MAIN STREET 240 RAPID CITY SD 57701 BILLI RAKER PRESIDENT 6057167979 2024-10-09 1 1 DEIDRE BUDAHL CPA P01273830 6053481930 2024-10-09 2023 2024-10-15 13:58:12Z X BILLI RAKER 512 MAIN STREET 240 RAPID CITY SD 57701 1186863 0 X WWW.MAINSTREETSQUARE.ORG X 2010 SD THE ORGANIZATION OPERATES RAPID CITY TOWN SQUARE (OWNED BY THE CITY OF RAPID CITY) IN THE HEART OF DOWNTOWN IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE INCREASED PEDESTRIAN TRAFFIC DOWNTOWN, AND TO STRENGTHEN THE CENTER OF THE COMMUNITY. THIS INCLUDES SUPPORTING, ENCOURAGING, ADVOCATING, AND PRESERVING THE VITALITY AND AESTHETIC BEAUTY OF THE DOWNTOWN RAPID CITY BUSINESS COMMUNITY. 8 8 43 50 0 0 640337 799632 444355 350546 2021 21937 12751 14748 1099464 1186863 0 7055 0 0 566230 648626 0 0 79209 499361 547908 1065591 1203589 33873 -16726 1669966 1642732 128265 103761 1541701 1538971 X THE ORGANIZATION OPERATES RAPID CITY TOWN SQUARE (OWNED BY THE CITY OF RAPID CITY) IN THE HEART OF DOWNTOWN IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE INCREASED PEDESTRIAN TRAFFIC DOWNTOWN, AND TO STRENGTHEN THE CENTER OF THE COMMUNITY. THIS INCLUDES SUPPORTING, ENCOURAGING, ADVOCATING, AND PRESERVING THE VITALITY AND AESTHETIC BEAUTY OF THE DOWNTOWN RAPID CITY BUSINESS COMMUNITY. 0 0 845914 7055 351875 THE ORGANIZATION MANAGES THE OPERATIONS OF MAIN STREET SQUARE THROUGH AN OPERATING AGREEMENT WITH THE CITY OF RAPID CITY. DURING 2023, MAIN STREET SQUARE HELD MORE THAN 60 EVENTS AND DREW BETWEEN 150,000 - 250,000 PEOPLE TO THE SQUARE AND DOWNTOWN RAPID CITY.WITHIN THE SQUARE, THE ORGANIZATION OPERATES AN INTERACTIVE FOUNTAIN DURING THE SUMMER MONTHS AND AN ICE SKATING RINK DURING THE WINTER MONTHS.EVENTS HELD DURING 2023 INCLUDED HOLIDAY CELEBRATIONS, MOONLIT MOVIES, THURSDAY NIGHT CONCERT SERIES, AND MANY OTHERS.THE ORGANIZATION LEADS EFFORTS TO REDEVELOP AND REVITALIZE DOWNTOWN RAPID CITY THROUGH IMPROVING STREETSCAPES, PROVIDING CLEAN AND SAFE PROGRAMS, AND PROMOTING DOWNTOWN BUSINESSES AND EVENTS. 845914 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 43 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 X THE ORGANIZATION 6057167979 512 MAIN STREET SUITE 980 RAPID CITY SD 57701 RAY HESPEN CHAIR 1.00 X X 0 0 0 BILLI RAKER VICE CHAIR 1.00 X X 0 0 0 MIKE POGANY SECRETARY 1.00 X X 0 0 0 MUTCH USERA PAST CHAIR 1.00 X X 0 0 0 JAMES ADELSTEIN DIRECTOR 1.00 X 0 0 0 TIM JOHNSON DIRECTOR 1.00 X 0 0 0 SAM WYLIE DIRECTOR 1.00 X 0 0 0 RICHARD WILLIAMS DIRECTOR 1.00 X 0 0 0 CALLIE MEYER EXECUTIVE DIRECTOR 40.00 X 55449 0 3239 55449 0 3239 0 0 0 0 0 284161 515471 799632 ICE SKATING 713990 176016 176016 COMMUNITY EVENTS 713990 148940 148940 DOWNTOWN ADVERTISING 541800 25590 25590 350546 15540 15540 13419 0 13419 13419 13419 5397 1000 0 0 5397 1000 6397 6397 1329 1329 1329 1186863 351875 0 35356 7055 7055 58688 14672 38147 5869 522469 372733 94981 54755 20098 14801 3186 2111 47371 31688 10740 4943 4763 4763 49388 49388 24276 10687 13589 83986 75270 8716 48831 27009 21596 226 63605 50884 12721 25077 19034 3454 2589 79767 63016 16751 45751 36601 9150 EVENTS EXPENSES 74794 74794 PARK OPERATIONS 42626 42626 ICE SKATING EXPENSES 3585 3585 1459 1459 1203589 845914 278466 79209 146567 158952 633390 588164 6189 4725 3600 8515 1570615 866622 630086 703993 0 178383 250134 0 1669966 1642732 36828 36250 0 67511 91437 0 128265 103761 X 1452763 1449871 88938 89100 1541701 1538971 1669966 1642732 -16726 13996 0 X X 1 X 1 X 1 0 X 801195 831823 855423 640337 555471 3684249 537501 380011 493057 445766 350546 2206881 244161 244161 1338696 1211834 1348480 1086103 1150178 6135291 360000 350000 336139 420534 35200 1501873 78584 46140 34322 5950 1459 166455 438584 396140 370461 426484 36659 1668328 4466963 9208 9664 14087 16388 28959 78306 9208 9664 14087 16388 28959 78306 1347904 1221498 1362567 1102491 1179137 6213597 0.71890 0.61370 0.01260 0.01000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 158895 21456 1968 178383 183506 -24611 158895 180000 3506 183506 0.88790 0.11210 0.00000 1 0 458110 55021 403089 1112505 811601 300904 703993 X 1200859 13996 13996 1186863 0 1186863 1203589 0 1203589 0 1203589 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A). AS SUCH, NO FEDERAL INCOME TAX IS PAID UNLESS NET INCOME IS DERIVED FROM ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT ACTIVITIES. NO SUCH SIGNIFICANT ACTIVITIES ARE CONDUCTED. AT DECEMBER 31, 2023 AND 2022, THE ORGANIZATION BELIEVES NO MATERIAL UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS EXIST. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED BY A LICENSED CPA AND REVIEWED BY MANAGEMENT PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST AS THEY OCCUR. THE BOARD REQUIRES INDIVIDUALS TO ABSTAIN FROM DISCUSSING AND VOTING ON ANY CONFLICTED MATTERS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION PERFORMS A COMPARATIVE ANALYSIS OF OTHER LOCAL AND REGIONAL DOWNTOWN MANAGERS AND REVIEWS SALARIES FROM THE INTERNATIONAL DOWNTOWN ASSOCIATION. PROPOSED COMPENSATION IS THEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, THE CONFLICT OF INTEREST POLICY, AND FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.