Civic Intelligence

Rapid City Economic Development Foundation

990 • Fiscal year 2014 • EIN 23-7267019

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 26, 2015

Organization ProfileWWW.RAPIDDEVELOPMENT.COM
525 University Loop Suite 101Rapid City, SD 57701

(605) 343-1880

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.01x

Higher debt load relative to assets than 8% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

29th percentile

0.17x

Higher debt load relative to revenue than 29% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Net Margin

4th percentile

-38%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

10th percentile

$0

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2014

Asset Growth

24th percentile

-1.6%

Faster asset growth than 24% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

27th percentile

-1.9%

Faster revenue growth than 27% of similar nonprofits.

2014 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$7,125,226

Down $113,423 (-1.6%) from 2013

Net Assets

Down

$7,072,723

Down $118,848 (-1.7%) from 2013

Liabilities

Up

$52,503

Up $5,425 (+12%) from 2013

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin4th percentile

Revenue

Down

$316,067

Down $6,255 (-1.9%) from 2013

Expenses

Down

$434,916

Down $6,926 (-1.6%) from 2013

Net Income

Up

-$118,849

Up $671 (+0.6%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $7,950,185Liabilities 2010: $399,931Net Assets 2010: $7,550,2542010Assets 2011: $7,446,986Liabilities 2011: $192,474Net Assets 2011: $7,254,5122011Assets 2012: $7,412,253Liabilities 2012: $101,162Net Assets 2012: $7,311,0912012Assets 2013: $7,238,649Liabilities 2013: $47,078Net Assets 2013: $7,191,5712013Assets 2014: $7,125,226Liabilities 2014: $52,503Net Assets 2014: $7,072,7232014Assets 2015: $7,525,960Liabilities 2015: $50,640Net Assets 2015: $7,475,3202015Assets 2016: $7,419,739Liabilities 2016: $33,910Net Assets 2016: $7,385,8292016Assets 2017: $7,214,467Liabilities 2017: $69,027Net Assets 2017: $7,145,4402017Assets 2018: $9,716,886Liabilities 2018: $88,975Net Assets 2018: $9,627,9112018Assets 2019: $10,135,710Liabilities 2019: $1,256,299Net Assets 2019: $8,879,4112019Assets 2020: $19,180,291Liabilities 2020: $8,242,096Net Assets 2020: $10,938,1952020Assets 2021: $18,568,120Liabilities 2021: $5,863,990Net Assets 2021: $12,704,1302021Assets 2022: $15,961,561Liabilities 2022: $3,944,972Net Assets 2022: $12,016,5892022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2014

Assets$7,125,226
Liabilities$52,503
Net Assets$7,072,723
Open 2014 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10M-$20MExpenses 2010: $444,9282010Expenses 2011: $792,6322011Expenses 2012: $421,5872012Revenue 2013: $322,322Expenses 2013: $441,842Net Income 2013: -$119,5202013Revenue 2014: $316,067Expenses 2014: $434,916Net Income 2014: -$118,8492014Revenue 2015: $814,224Expenses 2015: $411,627Net Income 2015: $402,5972015Revenue 2016: $355,584Expenses 2016: $445,075Net Income 2016: -$89,4912016Revenue 2017: $315,412Expenses 2017: $555,801Net Income 2017: -$240,3892017Revenue 2018: $3,140,149Expenses 2018: $657,681Net Income 2018: $2,482,4682018Revenue 2019: $1,181,328Expenses 2019: $729,828Net Income 2019: $451,5002019Revenue 2020: $2,793,030Expenses 2020: $734,246Net Income 2020: $2,058,7842020Revenue 2021: $2,810,029Expenses 2021: $1,044,094Net Income 2021: $1,765,9352021Revenue 2022: $2,494,984Expenses 2022: $3,182,525Net Income 2022: -$687,5412022Revenue 2023: $0Expenses 2023: $12,016,589Net Income 2023: -$12,016,5892023

Highlighted filing

2014

Revenue$316,067
Expenses$434,916
Net Income-$118,849
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 26, 2015
Return Version
2014v5.0
Gross Receipts
$342,251
Mission and Program Overview

Mission

To improve the quality of life and increase personal income levels in the rapid city area by fostering a vital business climate which provides quality new jobs, attracts new business, helps existing business, and promotes entrepreneurship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,552,158$3,526,161▼ $25,997
Investments Program Related$2,174,758$2,186,758▲ $12,000
Savings and Temporary Cash Investments$898,720$743,484▼ $155,236
Cash and Non-Interest-Bearing Accounts$581,807$658,025▲ $76,218
Accounts Receivable$26,755$10,798▼ $15,957
Prepaid Expenses and Deferred Charges$4,451--
Total Assets$7,238,649$7,125,226▼ $113,423
Liabilities
Accounts Payable and Accrued Expenses$39,178$38,960▼ $218
Other Liabilities$7,900$8,272▲ $372
Deferred Revenue-$5,271-
Total Liabilities$47,078$52,503▲ $5,425
Net Assets / Fund Balance
Unrestricted Net Assets$7,191,571$7,072,723▼ $118,848
Total Net Assets Fund Balance$7,191,571$7,072,723▼ $118,848
Total Liabilities and Net Assets / Fund Balance$7,238,649$7,125,226▼ $113,423

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,455,505$1,074,744$4,530,249
Other Land Buildings$39,506$58,408$97,914
Equipment$31,150$61,019$92,169
Investment Program Related Org$22,000--
Compensation and Service Providers
Top Officer Pay10th percentile

Board Members and Trustees

NameTitle
Todd KennerVice Chairma
Patrick BurchillBoard Presid
Sam KooikerMayor
Dick JohnsonMember
Jim ScullMember
Lyndell PetersonMember
Lynn KadingMember
Scott BarbourMember
Steve ConzetMember
Linn EvansSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$70,075
Program Service Revenue
$232,556
Investment Income
$12,928
Other Revenue
$508
Change in Net Assets
$-118,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$316,067
Revenue Not Reported on Form 990
$98,154
Total Revenue per Audited Statements
$414,221
Total Revenue per Form 990
$316,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$433,916
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$170,351--$170,351
Occupancy$132,904--$132,904
Fees for Services Management$56,551--$56,551
Office Expenses$33,874--$33,874
Fees for Services Accounting$8,308--$8,308
Insurance$5,520--$5,520
Other Expenses$3,838--$3,838
Fees for Services Legal$3,717--$3,717
Travel$2,660--$2,660
Grants to Domestic Orgs$1,000--$1,000
Total Functional Expenses$434,916$0$0$434,916

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$533,069
Expenses per Audited Statements$434,916
Total Expenses per Form 990$434,916
Expenses Not Reported on Form 990$98,153
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$8,272
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management is delegated to an individual who we contract for services on an annual basis to carry out our economic development activities to include providing management for the black hills business development center, management of land sales, and maintenance of business park.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is emailed to the organization's governing body before filing. The board reviews and then votes for approval over email.”

Form 990, Page 6, Part VI, Line 12C

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy. The first meeting following the annual board meeting, the board is presented copies of each of the policies.”

Form 990, Page 6, Part VI, Line 19

“The organization makes financial statements and other governing documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Rapid City Economic Development
EIN
23-7267019
Phone
6053431880
Address
525 UNIVERSITY LOOP SUITE 101, RAPID CITY, SD 57701

Signing Officer

Name
Patrick Burchill
Title
Board President
Phone
6053431880
Signed
2015-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Burchill
Formed
1973
Legal Domicile
Sd
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
7

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
John B Walker CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To improve the quality of life and increase personal income levels in the rapid city area by fostering a vital business climate which provides quality new jobs, attracts new business, helps existing business, and promotes entrepreneurship.”

Form 990, Part XI, Line 9

“Loss on sale of fixed assets 1,190 rounding 1 contributed rents 96,963 contributed rents -96,963 loss on sale of assets -1,190”

Financial Statement Notes

Schedule D, Page 3, Part X

“At december 31, 2014, the foundation believes no significant uncertain tax positions or liabilities exist. In accordance with the applicable statute of limitations, the foundation's tax returns could be audited by the internal revenue service for the years ended december 31, 2011 to 2014.”

Schedule D, Page 4, Part XI, Line 2D

“Loss on sale of fixed assets 1,190 rounding 1 contributed rents 96,963”

Schedule D, Page 4, Part XII, Line 2D

“Contributed rents 96,963 loss on sale of assets 1,190”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc0BUILDING LEASE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT EXPENSE REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0224092
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0224092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18464
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt01000
IRS990/PYInvestmentIncomeAmt014147
IRS990/PYOtherExpensesAmt0440842
IRS990/PYOtherRevenueAmt0328
IRS990/PYProgramServiceRevenueAmt0307847
IRS990/PYRevenuesLessExpensesAmt0-119520
IRS990/PYTotalExpensesAmt0441842
IRS990/PYTotalRevenueAmt0322322
IRS990/ReconcilationRevenueExpnssAmt0-118849
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0245484
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0898720
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0743484
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt03455505
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01074744
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04530249
IRS990ScheduleD/EquipmentGrp/BookValueAmt031150
IRS990ScheduleD/EquipmentGrp/DepreciationAmt061019
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt092169
IRS990ScheduleD/ExpensesNotReportedAmt098153
IRS990ScheduleD/ExpensesSubtotalAmt0434916
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01478758
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1686000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt222000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN DEVELOPMENT REAL ESTAT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/OtherExpensesIncludedAmt098153
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt039506
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058408
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt097914
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt098154
IRS990ScheduleD/RevenueNotReportedAmt098154
IRS990ScheduleD/RevenueSubtotalAmt0316067
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AT DECEMBER 31, 2014, THE FOUNDATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. IN ACCORDANCE WITH THE APPLICABLE STATUTE OF LIMITATIONS, THE FOUNDATION'S TAX RETURNS COULD BE AUDITED BY THE INTERNAL REVENUE SERVICE FOR THE YEARS ENDED DECEMBER 31, 2011 TO 2014.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON SALE OF FIXED ASSETS 1,190 ROUNDING 1 CONTRIBUTED RENTS 96,963
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONTRIBUTED RENTS 96,963 LOSS ON SALE OF ASSETS 1,190
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03526161
IRS990ScheduleD/TotalBookValueProgramRltdAmt02186758
IRS990ScheduleD/TotalExpensesPerForm990Amt0434916
IRS990ScheduleD/TotalLiabilityAmt08272
IRS990ScheduleD/TotalRevenuePerForm990Amt0316067
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0414221
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0533069
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO IMPROVE THE QUALITY OF LIFE AND INCREASE PERSONAL INCOME LEVELS IN THE RAPID CITY AREA BY FOSTERING A VITAL BUSINESS CLIMATE WHICH PROVIDES QUALITY NEW JOBS, ATTRACTS NEW BUSINESS, HELPS EXISTING BUSINESS, AND PROMOTES ENTREPRENEURSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT IS DELEGATED TO AN INDIVIDUAL WHO WE CONTRACT FOR SERVICES ON AN ANNUAL BASIS TO CARRY OUT OUR ECONOMIC DEVELOPMENT ACTIVITIES TO INCLUDE PROVIDING MANAGEMENT FOR THE BLACK HILLS BUSINESS DEVELOPMENT CENTER, MANAGEMENT OF LAND SALES, AND MAINTENANCE OF BUSINESS PARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS EMAILED TO THE ORGANIZATION'S GOVERNING BODY BEFORE FILING. THE BOARD REVIEWS AND THEN VOTES FOR APPROVAL OVER EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. THE FIRST MEETING FOLLOWING THE ANNUAL BOARD MEETING, THE BOARD IS PRESENTED COPIES OF EACH OF THE POLICIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOSS ON SALE OF FIXED ASSETS 1,190 ROUNDING 1 CONTRIBUTED RENTS 96,963 CONTRIBUTED RENTS -96,963 LOSS ON SALE OF ASSETS -1,190
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07238649
IRS990/TotalAssetsEOYAmt07125226
IRS990/TotalAssetsGrp/BOYAmt07238649
IRS990/TotalAssetsGrp/EOYAmt07125226
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt070075
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0434916
IRS990/TotalFunctionalExpensesGrp/TotalAmt0434916
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt047078
IRS990/TotalLiabilitiesEOYAmt052503
IRS990/TotalLiabilitiesGrp/BOYAmt047078
IRS990/TotalLiabilitiesGrp/EOYAmt052503
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07191571
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07072723
IRS990/TotalProgramServiceExpensesAmt0434916
IRS990/TotalProgramServiceRevenueAmt0232556
IRS990/TotalRevenueGrp/ExclusionAmt0508
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0245484
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0316067
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07238649
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07125226
IRS990/TravelGrp/ProgramServicesAmt02660
IRS990/TravelGrp/TotalAmt02660
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07191571
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07072723
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0525 UNIVERSITY LOOP SUITE 101
IRS990/USAddress/CityNm0RAPID CITY
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057701
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.RAPIDDEVELOPMENT.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK BURCHILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06053431880
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAPID CITY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0RAPI
ReturnHeader/Filer/EIN0237267019
ReturnHeader/Filer/PhoneNum06053431880
ReturnHeader/Filer/USAddress/AddressLine1Txt0525 UNIVERSITY LOOP SUITE 101
ReturnHeader/Filer/USAddress/CityNm0RAPID CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460257538
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KETEL THORSTENSON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RAPID CITY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0577093140
ReturnHeader/PreparerPersonGrp/PhoneNum06053425630
ReturnHeader/PreparerPersonGrp/PreparationDt02015-08-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN B WALKER CPA
ReturnHeader/ReturnTs02015-08-26T11:56:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,125,226
Liabilities
$52,503
Net assets
$7,072,723
Revenue
$316,067
Expenses
$434,916
Net income
-$118,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$12.0$12.0
2022Detailed filing. Detailed filing data is available for this year.$16.0$3.94$12.0$2.49$3.18$0.69
2021Detailed filing. Detailed filing data is available for this year.$18.6$5.86$12.7$2.81$1.04$1.77
2020Detailed filing. Detailed filing data is available for this year.$19.2$8.24$10.9$2.79$0.73$2.06
2019Detailed filing. Detailed filing data is available for this year.$10.1$1.26$8.88$1.18$0.73$0.45
2018Detailed filing. Detailed filing data is available for this year.$9.72$0.09$9.63$3.14$0.66$2.48
2017Detailed filing. Detailed filing data is available for this year.$7.21$0.07$7.15$0.32$0.56$0.24
2016Detailed filing. Detailed filing data is available for this year.$7.42$0.03$7.39$0.36$0.45$0.09
2015Detailed filing. Detailed filing data is available for this year.$7.53$0.05$7.48$0.81$0.41$0.40
2014Detailed filing. Detailed filing data is available for this year.$7.13$0.05$7.07$0.32$0.43$0.12
2013Detailed filing. Detailed filing data is available for this year.$7.24$0.05$7.19$0.32$0.44$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.41$0.10$7.31$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.45$0.19$7.25$0.79
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.95$0.40$7.55$0.44