Civic Intelligence

Rapid City Economic Development Foundation

990 • Fiscal year 2016 • EIN 23-7267019

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 27, 2017

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

0.00x

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

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

21st percentile

0.10x

Higher debt load relative to revenue than 21% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Net Margin

5th percentile

-25%

Higher net margin than 5% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

11th percentile

$0

Higher top officer pay than 11% of similar nonprofits.

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

2016 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2016

Asset Growth

29th percentile

-1.4%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-56%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$7,419,739

Down $106,221 (-1.4%) from 2015

Net Assets

Down

$7,385,829

Down $89,491 (-1.2%) from 2015

Liabilities

Down

$33,910

Down $16,730 (-33%) from 2015

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin5th percentile

Revenue

Down

$355,584

Down $458,640 (-56%) from 2015

Expenses

Up

$445,075

Up $33,448 (+8.1%) from 2015

Net Income

Down

-$89,491

Down $492,088 (-122%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2016

Assets$7,419,739
Liabilities$33,910
Net Assets$7,385,829
Open 2016 Filing

Operations Trend

Revenue Growth2nd 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

2016

Revenue$355,584
Expenses$445,075
Net Income-$89,491
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 27, 2017
Return Version
2016v3.0
Gross Receipts
$628,029
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$3,405,757$3,268,564▼ $137,193
Investments Program Related$2,077,887$1,815,710▼ $262,177
Savings and Temporary Cash Investments$1,374,640$1,203,418▼ $171,222
Cash and Non-Interest-Bearing Accounts$664,724$1,119,854▲ $455,130
Accounts Receivable$2,952$12,193▲ $9,241
Total Assets$7,525,960$7,419,739▼ $106,221
Liabilities
Accounts Payable and Accrued Expenses$41,103$27,009▼ $14,094
Other Liabilities$6,901$6,901→ $0
Deferred Revenue$2,636--
Total Liabilities$50,640$33,910▼ $16,730
Net Assets / Fund Balance
Unrestricted Net Assets$7,475,320$7,385,829▼ $89,491
Total Net Assets Fund Balance$7,475,320$7,385,829▼ $89,491
Total Liabilities and Net Assets / Fund Balance$7,525,960$7,419,739▼ $106,221

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,212,453$1,378,884$4,591,337
Equipment$29,029$84,725$113,754
Other Land Buildings$27,082$79,633$106,715
Investment Program Related Org$88,000--
Compensation and Service Providers
Top Officer Pay11th percentile

Board Members and Trustees

NameTitle
Todd KennerVice Chairma
Patrick BurchillBoard Presid
Steve AllenderMayor
Benjamin SnowMember
David LustMember
Dick JohnsonMember
Joel BrannanMember
Lyndell PetersonMember
Scott BarbourMember
Steve ConzetMember
Linn EvansSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$302,460
Investment Income
$53,121
Other Revenue
$3
Change in Net Assets
$-89,491

Audited Revenue Reconciliation

Revenue per Audited Statements
$355,584
Revenue Not Reported on Form 990
$88,883
Total Revenue per Audited Statements
$444,467
Total Revenue per Form 990
$355,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$419,344
Grants and Similar Amounts Paid$25,731
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$173,463--$173,463
Occupancy$123,148--$123,148
Fees for Services Management$57,000--$57,000
Office Expenses$39,024--$39,024
Grants to Domestic Orgs$25,731--$25,731
Fees for Services Accounting$8,699--$8,699
Insurance$5,793--$5,793
Fees for Services Other$4,134--$4,134
Other Expenses$3,868--$3,868
Travel$3,409--$3,409
Advertising$422--$422
Fees for Services Legal$346--$346
Interest$38--$38
Total Functional Expenses$445,075$0$0$445,075

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$533,958
Expenses per Audited Statements$445,075
Total Expenses per Form 990$445,075
Expenses Not Reported on Form 990$88,883
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rdss LlpRapid City, SD---
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$6,901
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 organization 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
2017-06-27
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
Nina Braun 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

“Contributed rents 88,883 contributed rents -88,883”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation qualifies as an exempt foundation under section 501(c)(6) of the internal revenue code. At december 31, 2016 the foundation believes no significant uncertain tax positions or liabilities exist.”

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

“CONTRIBUTED RENTS 88,883”

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

“CONTRIBUTED RENTS 88,883”

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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/OtherRevenueMiscGrp/TotalRevenueColumnAmt03
IRS990/OtherRevenueTotalAmt03
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0PATRICK BURCHILL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900002
IRS990/ProgramServiceRevenueGrp/BusinessCd1900002
IRS990/ProgramServiceRevenueGrp/Desc0BUILDING LEASE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT EXPENSE REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0297085
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0297085
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15375
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02000
IRS990/PYInvestmentIncomeAmt017984
IRS990/PYOtherExpensesAmt0409627
IRS990/PYOtherRevenueAmt08500
IRS990/PYProgramServiceRevenueAmt0787740
IRS990/PYRevenuesLessExpensesAmt0402597
IRS990/PYTotalExpensesAmt0411627
IRS990/PYTotalRevenueAmt0814224
IRS990/ReconcilationRevenueExpnssAmt0-89491
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0302460
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01374640
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01203418
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IRS990ScheduleD/BuildingsGrp/BookValueAmt03212453
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01378884
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04591337
IRS990ScheduleD/EquipmentGrp/BookValueAmt029029
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084725
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0113754
IRS990ScheduleD/ExpensesNotReportedAmt088883
IRS990ScheduleD/ExpensesSubtotalAmt0445075
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01041710
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1686000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt288000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN DEVELOPMENT REAL ESTAT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NOTES RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/OtherExpensesIncludedAmt088883
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt027082
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt079633
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0106715
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt088883
IRS990ScheduleD/RevenueNotReportedAmt088883
IRS990ScheduleD/RevenueSubtotalAmt0355584
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION QUALIFIES AS AN EXEMPT FOUNDATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. AT DECEMBER 31, 2016 THE FOUNDATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONTRIBUTED RENTS 88,883
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONTRIBUTED RENTS 88,883
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/TotalBookValueLandBuildingsAmt03268564
IRS990ScheduleD/TotalBookValueProgramRltdAmt01815710
IRS990ScheduleD/TotalExpensesPerForm990Amt0445075
IRS990ScheduleD/TotalLiabilityAmt06901
IRS990ScheduleD/TotalRevenuePerForm990Amt0355584
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0444467
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0533958
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt025731
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0LAND .67 ACRES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RDSS LLP
IRS990ScheduleI/RecipientTable/RecipientEIN0460459717
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt023636 MALIBU DR
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RAPID CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd057701
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 ORGANIZATION 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/ExplanationTxt5CONTRIBUTED RENTS 88,883 CONTRIBUTED RENTS -88,883
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/TotalAssetsBOYAmt07525960
IRS990/TotalAssetsEOYAmt07419739
IRS990/TotalAssetsGrp/BOYAmt07525960
IRS990/TotalAssetsGrp/EOYAmt07419739
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0445075
IRS990/TotalFunctionalExpensesGrp/TotalAmt0445075
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt050640
IRS990/TotalLiabilitiesEOYAmt033910
IRS990/TotalLiabilitiesGrp/BOYAmt050640
IRS990/TotalLiabilitiesGrp/EOYAmt033910
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07475320
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07385829
IRS990/TotalProgramServiceExpensesAmt0445075
IRS990/TotalProgramServiceRevenueAmt0302460
IRS990/TotalRevenueGrp/ExclusionAmt039279
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0316305
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0355584
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07525960
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07419739
IRS990/TravelGrp/ProgramServicesAmt03409
IRS990/TravelGrp/TotalAmt03409
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07475320
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07385829
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK BURCHILL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06053431880
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-27
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0B833B61C22B3C05DE045AAED32DA0F16F69C7FD2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId055286B9921647A9DECF737468F1FFA0803458EC7
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/PreparationDt02017-06-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0NINA BRAUN CPA
ReturnHeader/ReturnTs02017-06-27T14:52:42-06:00
ReturnHeader/ReturnTypeCd0990

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,419,739
Liabilities
$33,910
Net assets
$7,385,829
Revenue
$355,584
Expenses
$445,075
Net income
-$89,491
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