Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1964.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
58 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
51 people listed on the 990; $264K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Tom Johnson | $357,649 | $265,574 | $276,789 | $264,060 | $258,555 |
| Linda Rabe | — | — | — | — | $89,259 |
| Jeff Haverly | — | — | — | — | $12,645 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Promotes economic development in the Rapid City region by attracting jobs, improving infrastructure, and supporting business growth to enhance the community's quality of life.
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Economic well-being of aproximately 1,200 members of the rapid city area by promoting a healthy economic climate of good jobs and efficient and effective government and provide programs with improved quality of life.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.1M | $5.7M |
| InvestmentsLn 11–13 | $153K | $171K |
| Land, buildings, equipmentLn 10c | $45K | $78K |
| Total assetsLn 16 | $9.8M | $9.5M |
| LiabilitiesLn 26 | $322K | $1.0M |
| Net assetsLn 32 | $9.4M | $8.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $261K | $261K | ||
| Grants to domestic individualsLn 2 | $4K | $4K | ||
| Pay of current officers, directors and key staffLn 5 | $307K | $154K | $154K | |
| Other salaries and wagesLn 7 | $853K | $438K | $415K | |
| Pension plan contributionsLn 8 | $56K | $29K | $27K | |
| Other employee benefitsLn 9 | $157K | $80K | $77K | |
| Payroll taxesLn 10 | $76K | $39K | $37K | |
| Legal feesLn 11b | $209 | $107 | $102 | |
| Accounting feesLn 11c | $35K | $18K | $17K | |
| Other fees for servicesLn 11g | $141K | $72K | $69K | |
| Advertising and promotionLn 12 | $84K | $43K | $41K | |
| Office expensesLn 13 | $50K | $20K | $30K | |
| OccupancyLn 16 | $25K | $12K | $12K | |
| TravelLn 17 | $25K | $13K | $12K | |
| Conferences, conventions and meetingsLn 19 | $7K | $4K | $4K | |
| InterestLn 20 | $6K | $6K | ||
| Depreciation, depletion and amortizationLn 22 | $10K | $5K | $5K | |
| InsuranceLn 23 | $12K | $6K | $6K | |
| Other expenses (24a–d)Ln 24 | $146K | $104K | $43K | |
| Total functional expensesLn 25 | $2.3M | $1.3M | $956K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $7.2M | $5.1M | $2.1M | $31.1M | 990 PDF |
| FY2023 | $15.9M | $4.0M | $11.9M | $28.9M | 990 PDF |
| FY2022 | $11.9M | $2.7M | $9.2M | $17.4M | 990 PDF |
| FY2021 Viewing | $1.3M | $2.3M | −$932K | $8.5M | 990 PDF |
| FY2020 | $1.7M | $2.1M | −$462K | $9.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $1,325,047 revenue, 12 lines filed
Part VI · Governance 50 of 50 board members independent, no flags
Part VIII · Statement of revenue $1,325,047 across 7 lines filed
Part IX · Statement of functional expenses $2,257,274 across 19 lines filed
Part X · Balance sheet $9,523,060 assets, 16 lines filed
Part XI · Reconciliation of net assets $8,503,889 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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