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
Who runs it and what they're paid
49 people listed on the 990; $266K 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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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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.7M | $6.6M |
| InvestmentsLn 11–13 | $187K | $329K |
| Land, buildings, equipmentLn 10c | $316K | $15.9M |
| Total assetsLn 16 | $18.4M | $33.1M |
| LiabilitiesLn 26 | $1.0M | $4.2M |
| Net assetsLn 32 | $17.4M | $28.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $443K | |||
| Grants to domestic individualsLn 2 | $9K | |||
| Pay of current officers, directors and key staffLn 5 | $303K | |||
| Other salaries and wagesLn 7 | $1.1M | |||
| Pension plan contributionsLn 8 | $58K | |||
| Other employee benefitsLn 9 | $154K | |||
| Payroll taxesLn 10 | $94K | |||
| Legal feesLn 11b | $37K | |||
| Accounting feesLn 11c | $147K | |||
| Lobbying feesLn 11d | $28K | |||
| Other fees for servicesLn 11g | $207K | |||
| Advertising and promotionLn 12 | $9K | |||
| Office expensesLn 13 | $59K | |||
| Information technologyLn 14 | $107K | |||
| OccupancyLn 16 | $192K | |||
| TravelLn 17 | $27K | |||
| Conferences, conventions and meetingsLn 19 | $18K | |||
| InterestLn 20 | $148K | |||
| Depreciation, depletion and amortizationLn 22 | $479K | |||
| Other expenses (24a–d)Ln 24 | $370K | |||
| Total functional expensesLn 25 | $4.0M |
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 Viewing | $15.9M | $4.0M | $11.9M | $28.9M | 990 PDF |
| FY2022 | $11.9M | $2.7M | $9.2M | $17.4M | 990 PDF |
| FY2021 | $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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $15,943,883 across 10 lines filed
Part IX · Statement of functional expenses $4,030,948 across 20 lines filed
Part X · Balance sheet $33,104,307 assets, 16 lines filed
Part XI · Reconciliation of net assets $28,944,577 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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