2024-10-29T08:59:11-05:00 2023-12-31 460403496 CASEY PETERSON LTD 909 ST JOSEPH ST STE 101 RAPID CITY SD 57701 990 2023-01-01 460118545 ELEVATE RAPID CITY ELEV 6053431744 18 E MAIN STREET RAPID CITY SD 57701 TOM JOHNSON PRESIDENT/CEO 6053431744 2024-10-28 1 1 KAYLA GIESEY CPA P01874520 6053481930 2024-10-29 2023 2024-10-15 13:58:12Z TOM JOHNSON 18 E MAIN STREET RAPID CITY SD 57701 16978817 0 X WWW.ELEVATERAPIDCITY.COM X 1885 SD ELEVATE THE RAPID CITY REGION FOR ALL. 48 48 23 48 0 0 10594518 14888095 818493 805181 227478 248174 288852 2433 11929341 15943883 315311 452267 0 0 1542146 1751175 0 0 0 853803 1827506 2711260 4030948 9218081 11912935 18402928 33104307 1027269 4159730 17375659 28944577 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 1 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 1 25 0 1 23 1 0 0 0 0 0 0 0 0 0 0 X 48 48 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 PAULETTE DAVIDSON CHAIR 1.00 0.50 X X 0 0 0 TOM WEAVER VICE CHAIR 1.00 0.50 X X 0 0 0 MARNE JONES TREASURER 1.00 0.50 X X 0 0 0 TODD KENNER SECRETARY 1.00 0.50 X X 0 0 0 DARREN HAAR PAST CHAIR 1.00 0.50 X 0 0 0 ALAN SOLANO EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 ANDY BARTLING EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 BRAD HEARST EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 BRANDON LANCE EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 DICK JOHNSON EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 GREG LOOS EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 HANI SHAFAI EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 JANA MCCRODEN EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 MAYOR JASON SALAMUN EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 PETE LIEN EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 ZANE BRINK EXECUTIVE COMMITTEE 1.00 0.50 X 0 0 0 AL RIEMAN DIRECTOR 1.00 X 0 0 0 BRAD MURDOC JURGENSEN DIRECTOR 1.00 X 0 0 0 DENNIS AANENSON DIRECTOR 1.00 X 0 0 0 DEW BAD WARRIOR-GANGE DIRECTOR 1.00 X 0 0 0 DOMICO RODRIGUEZ DIRECTOR 1.00 X 0 0 0 JACK LYNASS DIRECTOR 1.00 X 0 0 0 JAKE QUASNEY DIRECTOR 1.00 X 0 0 0 JENNIFER BALOUN DIRECTOR 1.00 X 0 0 0 JENNIFER TRUCANO DIRECTOR 1.00 X 0 0 0 JERRY SCHMIDT DIRECTOR 1.00 X 0 0 0 JODI ANDERSON DIRECTOR 1.00 X 0 0 0 JODY BENDER DIRECTOR 1.00 X 0 0 0 KELSEY STINE DIRECTOR 1.00 X 0 0 0 LIZ HAMBURG DIRECTOR 1.00 X 0 0 0 SARAH WHITE DIRECTOR 1.00 X 0 0 0 SCOTT BARBOUR DIRECTOR 1.00 X 0 0 0 SHON ANDERSON DIRECTOR 1.00 X 0 0 0 STEPHANIE ARRIGO DIRECTOR 1.00 X 0 0 0 STEVE MENTELE DIRECTOR 1.00 X 0 0 0 TODD GAGNE DIRECTOR 1.00 X 0 0 0 TODD CHRISTOFFER DIRECTOR 1.00 X 0 0 0 DR ANN BOLMAN EX-OFFICIO 1.00 X 0 0 0 FRAN WHITE EX-OFFICIO 1.00 X 0 0 0 DR JIM RANKIN EX-OFFICIO 1.00 X 0 0 0 DR LAURIE NICHOLS EX-OFFICIO 1.00 X 0 0 0 SCOTT LANDGUTH EX-OFFICIO 1.00 X 0 0 0 GARY DREWES EX-OFFICIO 1.00 X 0 0 0 LLOYD LACROIX EX-OFFICIO 1.00 X 0 0 0 NICOLE SWIGART EX-OFFICIO 1.00 X 0 0 0 KEVIN MAHER EX-OFFICIO 1.00 X 0 0 0 LANCE LEHMANN EX-OFFICIO 1.00 X 0 0 0 STACEY DENKE EX-OFFICIO 1.00 X 0 0 0 TOM JOHNSON PRESIDENT/CEO 39.00 1.00 X 265574 0 37207 265574 0 37207 1 0 1 0 SCULL CONSTRUCTION SERVICES INC 803 INDUSTRIAL AVE RAPID CITY SD 57702 CONSTRUCTION SERVICES 888223 WILDFIRE LABS LLC 605 QUINCY ST RAPID CITY SD 57701 SOFTWARE CONSULTING SERVICES 106500 2 13277021 587776 1023298 13277021 14888095 MEMBERSHIP DUES 900099 566392 566392 OFFICE LEASE INCOME 900099 145655 145655 EVENT INCOME 900099 93134 93134 805181 326798 326798 956310 1034934 -78624 -78624 -78624 MISCELLANEOUS INCOME 900099 2433 2433 2433 15943883 728990 0 326798 443267 9000 302781 1143159 57953 153774 93508 37127 146912 27955 207030 9397 58628 106621 191874 27024 18482 148109 478815 BAD DEBT EXPENSE 152271 PROGRAM AND EVENT EXPEN 134912 DUES AND SUBSCRIPTIONS 82349 4030948 6011579 1054448 1639766 5506655 7853394 6485716 35641 909 2250830 2796081 16825466 965320 315977 15860146 187330 329080 108411 1071272 18402928 33104307 318670 145820 91667 152267 600000 3843009 16932 18634 1027269 4159730 X 17125133 28899577 250526 45000 17375659 28944577 18402928 33104307 X 11912935 -344017 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 566392 35887 62918 98805 49503 49302 1610312 1610312 14557301 665968 13891333 657853 299352 358501 15860146 SECURITY DEPOSITS 18634 18634 X 15931247 46400 46400 15884847 59036 59036 15943883 4362329 331381 331381 4030948 0 4030948 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, 2023, 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: SUBSIDIZED RENT 46,400. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 59,036. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE -59,036. DISCOUNTS ON LOANS RECEIVABLE WITH BELOW MARKET INTEREST RATES 344,017. SUBSIDIZED RENT 46,400. 1 COLE-TAC LLC 3350 JET DRIVE RAPID CITY SD 57703 474497599 5002 0 RELOCATION GRANT MAIN STREET SQUARE 512 MAIN STREET STE 980 RAPID CITY SD 57701 273983146 501(C)(3) 17000 0 PARTNERS IN PROGRESS AND DOWNTOWN AMBASSADOR SPONSORSHIP MIDWESTERN MECHANICAL INC 3536 EGLIN ST RAPID CITY SD 57703 421242780 5500 0 REVITALIZE GRANT PHASE TECHNOLOGIES 222 DISK DR RAPID CITY SD 57701 450452572 110600 0 OPPORTUNITY CAPTURE FUND WORKFORCE GRANT PROPERTY MELD 406 ST JOSEPH ST RAPID CITY SD 57701 834097317 6000 0 RELOCATION GRANT SD GOVERNOR'S OFFICE OF ECONOMIC DEVELOPMENT 711 E WELLS AVE PIERRE SD 57501 466000364 GOVT 10000 0 2023 FREEDOM WORKS HERE SPONSORSHIP SOUTH DAKOTA ELLSWORTH DEVELOPMENT AUTHORITY PO BOX 477 RAPID CITY SD 57709 271166754 GOVT 200004 0 COMMUNITY DEVELOPMENT SOUTH DAKOTA TRADE ASSOCIATION 47974 PRAIRIE HILLS TRL HARRISBURG SD 57032 920799016 501(C)(6) 10000 0 GENERAL SUPPORT TERRASITE DESIGN 1635 DEADWOOD AVE RAPID CITY SD 57702 832328260 5248 0 HOPE CENTER LANDSCAPING WESTERN DAKOTA REGIONAL WATER SYSTEM PO BOX 484 RAPID CITY SD 57709 880625032 501(C)(12) 25000 0 FEASIBILITY STUDY WESTERN DAKOTA VOCATIONAL TECHNICAL FOUNDATION INC 800 MICKELSON DRIVE RAPID CITY SD 57703 460340050 501(C)(3) 9063 0 BUILD DAKOTA REVITALIZE GRANT 4 7 SCHOLARSHIPS TO INDIVIDUALS 6 9000 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. 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 265574 0 0 0 0 0 18970 0 18237 0 302781 0 0 0 X 1 100000 COST BASIS OF EQUITY INV X 1 11120329 PROPERTY COST LESS DEBT X 2 2028285 APPRAISED LAND VALUE 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 -344,017. 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 ELEVATE FOUNDATION 18 E MAIN STREET RAPID CITY SD 57701 200009589 RESEARCH AND EDUCATION ON ECONOMIC DEVELOPMENT SD 501(C)(3) LINE 7 ELEVATE RAPID CITY 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION C 3519 CASH PAID RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION S 11120329 VALUE OF BUILDING LESS DEBT RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION S 2028285 APPRAISED LAND VALUE RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION S 100000 EQUITY INVESTMENT COST BASIS ELEVATE FOUNDATION C 24888 CASH PAID RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION O 302781 COMPENSATION PAID BY ERC TO CEO ELEVATE FOUNDATION O 302781 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 AND ELEVATE FOUNDATION. RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION AND ELEVATE FOUNDATION SHARE EMPLOYEES WITH ELEVATE RAPID CITY; PAYROLL IS PAID IN FULL BY ELEVATE RAPID CITY.