Civic Intelligence

Rapid City Economic Development Foundation

990 • Fiscal year 2019 • EIN 23-7267019

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 08, 2020

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

31st percentile

0.12x

Higher debt load relative to assets than 31% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

1.06x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Net Margin

93rd percentile

38%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

11th percentile

$108,311

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Asset Growth

41st percentile

4.3%

Faster asset growth than 41% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

3rd percentile

-62%

Faster revenue growth than 3% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$10,135,710

Up $418,824 (+4.3%) from 2018

Net Assets

Down

$8,879,411

Down $748,500 (-7.8%) from 2018

Liabilities

Up

$1,256,299

Up $1,167,324 (+1312%) from 2018

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin93rd percentile

Revenue

Down

$1,181,328

Down $1,958,821 (-62%) from 2018

Expenses

Up

$729,828

Up $72,147 (+11%) from 2018

Net Income

Down

$451,500

Down $2,030,968 (-82%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth41st 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

2019

Assets$10,135,710
Liabilities$1,256,299
Net Assets$8,879,411
Open 2019 Filing

Operations Trend

Revenue Growth3rd 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

2019

Revenue$1,181,328
Expenses$729,828
Net Income$451,500
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 8, 2020
Return Version
2019v5.0
Gross Receipts
$1,181,328
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$4,941,869$6,313,997▲ $1,372,128
Savings and Temporary Cash Investments$2,154,256$1,606,363▼ $547,893
Cash and Non-Interest-Bearing Accounts$1,004,792$1,043,633▲ $38,841
Investments Program Related$1,598,514$912,514▼ $686,000
Pledges and Grants Receivable-$252,893-
Accounts Receivable$17,455$6,310▼ $11,145
Total Assets$9,716,886$10,135,710▲ $418,824
Liabilities
Deferred Revenue-$1,200,000-
Accounts Payable and Accrued Expenses$82,264$43,533▼ $38,731
Other Liabilities$6,711$12,766▲ $6,055
Total Liabilities$88,975$1,256,299▲ $1,167,324
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,627,911$8,879,411▼ $748,500
Total Net Assets Fund Balance$9,627,911$8,879,411▼ $748,500
Total Liabilities and Net Assets / Fund Balance$9,716,886$10,135,710▲ $418,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,670,055$1,844,117$6,514,172
Land$1,610,312-$1,610,312
Other Land Buildings$17,061$106,447$123,508
Equipment$16,569$87,828$104,397
Investment Program Related Org$100,000--
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Terri HaverlyExecutive ChFT$92,396$15,915$108,311

Board Members and Trustees

NameTitle
Dick JohnsonPresident
Todd KennerVice Chairma
Steve AllenderMayor
David LustMember
Deb HadcockMember
Jafar KarimMember
Joel BrannanMember
Patrick BurchillMember
Scott BarbourMember
Steve ConzetSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Scull ConstructionConstruction803 INDUSTRIAL AVE, Rapid City, SD 57702$756,965
StrangArchitect811 E WASHINGTON AVE STE 200, Madison, WI 53703$640,554
Revenue and Support

Revenue Composition

Contributions and Grants
$902,893
Program Service Revenue
$275,921
Investment Income
$2,387
Other Revenue
$127
All Other Contributions
$902,893
Change in Net Assets
$451,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,181,328
Revenue Not Reported on Form 990
$100,000
Total Revenue per Audited Statements
$1,281,328
Total Revenue per Form 990
$1,181,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$515,212
Salaries, Compensation, and Employee Benefits$176,241
Grants and Similar Amounts Paid$38,375
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$175,796
Occupancy---$172,576
Current Officers, Directors, Trustees, and Key Employees---$108,311
Advertising---$54,232
Other Salaries and Wages---$48,378
Office Expenses---$45,709
Grants to Domestic Orgs---$38,375
Payroll Taxes---$11,810
Fees for Services Accounting---$10,717
Travel---$10,464
Fees for Services Other---$10,312
Other Employee Benefits---$5,572
Insurance---$4,746
Other Expenses---$3,556
Pension Plan Contributions---$2,170
Fees for Services Legal---$1,097
Interest---$141
Total Functional Expenses$0$0$0$729,828

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$829,828
Expenses per Audited Statements$729,828
Total Expenses per Form 990$729,828
Expenses Not Reported on Form 990$100,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ImmutrixRapid City, SD-Repair to Land$38,375
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
Assets Held for Others$7,500
Security Deposits$5,266
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Directors and staff members, as well as their family members, must disclose business or family relationships with any other board member or management. 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. Those with conflicts are not allowed to participate in votes. Disclipinary action, up to and including termination, is applicable to any staff who violates the policy.”

Form 990, Page 6, Part VI, Line 15A

“The foundation board met and discussed the compensation for the executive chair and made the salary determination during the budget review and knowledge of others in similar positions.”

Form 990, Page 6, Part VI, Line 15B

“N/a the only paid employee is the executive chair.”

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
Dick Johnson
Title
President
Phone
6053431880
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dick Johnson
Formed
1973
Legal Domicile
Sd
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
10

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

“Prior period adjustment -1,200,000”

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, 2019, the foundation believes no significant uncertain tax positions or liabilities exist.”

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

“Contributed rents 100,000”

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

“Contributed rents 100,000”

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IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc0MEMBERSHIP DUES
IRS990/OtherExpensesGrp/Desc1MISC EXP
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IRS990/OtherExpensesGrp/TotalAmt13556
IRS990/OtherLiabilitiesGrp/BOYAmt06711
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IRS990/OtherRevenueTotalAmt0127
IRS990/OtherSalariesAndWagesGrp/TotalAmt048378
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt011810
IRS990/PensionPlanContributionsGrp/TotalAmt02170
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0252893
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DICK JOHNSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900002
IRS990/ProgramServiceRevenueGrp/BusinessCd1900002
IRS990/ProgramServiceRevenueGrp/Desc0BUILDING LEASE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT EXPENSE REIMBURSEMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0269987
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15934
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0269987
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15934
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IRS990/PYContributionsGrantsAmt02810312
IRS990/PYGrantsAndSimilarPaidAmt051350
IRS990/PYInvestmentIncomeAmt031741
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IRS990/PYOtherRevenueAmt0124
IRS990/PYProgramServiceRevenueAmt0297972
IRS990/PYRevenuesLessExpensesAmt02482468
IRS990/PYSalariesCompEmpBnftPaidAmt0101509
IRS990/PYTotalExpensesAmt0657681
IRS990/PYTotalRevenueAmt03140149
IRS990/ReconcilationRevenueExpnssAmt0451500
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02154256
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01606363
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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/BookValueAmt04670055
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01844117
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06514172
IRS990ScheduleD/EquipmentGrp/BookValueAmt016569
IRS990ScheduleD/EquipmentGrp/DepreciationAmt087828
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0104397
IRS990ScheduleD/ExpensesNotReportedAmt0100000
IRS990ScheduleD/ExpensesSubtotalAmt0729828
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0812514
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1100000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN DEVELOPMENT REAL ESTAT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt01610312
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01610312
IRS990ScheduleD/OtherExpensesIncludedAmt0100000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt017061
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0106447
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0123508
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ASSETS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt0100000
IRS990ScheduleD/RevenueNotReportedAmt0100000
IRS990ScheduleD/RevenueSubtotalAmt01181328
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION QUALIFIES AS AN EXEMPT FOUNDATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. AT DECEMBER 31, 2019, THE FOUNDATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONTRIBUTED RENTS 100,000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONTRIBUTED RENTS 100,000
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/TotalBookValueLandBuildingsAmt06313997
IRS990ScheduleD/TotalBookValueProgramRltdAmt0912514
IRS990ScheduleD/TotalExpensesPerForm990Amt0729828
IRS990ScheduleD/TotalLiabilityAmt012766
IRS990ScheduleD/TotalRevenuePerForm990Amt01181328
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01281328
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0829828
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt038375
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0REPAIR TO LAND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0IMMUTRIX
IRS990ScheduleI/RecipientTable/RecipientEIN0271445838
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03620 HOMESTEAD ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0RAPID CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd057703
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL FUNDS ARE DESIGNATED FOR A SPECIFIC USE. THE FOUNDATION BOARD RECEIVES MONTHLY REPORTS. EACH CHECK HAS 2 SIGNATURES AND IS VERIFIED THAT IT'S BEING USED FOR IT'S DESIGNATED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
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/ExplanationTxt1A 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/ExplanationTxt2DIRECTORS AND STAFF MEMBERS, AS WELL AS THEIR FAMILY MEMBERS, MUST DISCLOSE BUSINESS OR FAMILY RELATIONSHIPS WITH ANY OTHER BOARD MEMBER OR MANAGEMENT. 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. THOSE WITH CONFLICTS ARE NOT ALLOWED TO PARTICIPATE IN VOTES. DISCLIPINARY ACTION, UP TO AND INCLUDING TERMINATION, IS APPLICABLE TO ANY STAFF WHO VIOLATES THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION BOARD MET AND DISCUSSED THE COMPENSATION FOR THE EXECUTIVE CHAIR AND MADE THE SALARY DETERMINATION DURING THE BUDGET REVIEW AND KNOWLEDGE OF OTHERS IN SIMILAR POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4N/A THE ONLY PAID EMPLOYEE IS THE EXECUTIVE CHAIR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR PERIOD ADJUSTMENT -1,200,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09716886
IRS990/TotalAssetsEOYAmt010135710
IRS990/TotalAssetsGrp/BOYAmt09716886
IRS990/TotalAssetsGrp/EOYAmt010135710
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0729828
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt088975
IRS990/TotalLiabilitiesEOYAmt01256299
IRS990/TotalLiabilitiesGrp/BOYAmt088975
IRS990/TotalLiabilitiesGrp/EOYAmt01256299
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09627911
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt08879411
IRS990/TotalOtherCompensationAmt015915
IRS990/TotalProgramServiceRevenueAmt0275921
IRS990/TotalReportableCompFromOrgAmt092396
IRS990/TotalRevenueGrp/ExclusionAmt0127
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0278308
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01181328
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09716886
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010135710
IRS990/TravelGrp/TotalAmt010464
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02021-04-22 16:20:28Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DICK JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,135,710
Liabilities
$1,256,299
Net assets
$8,879,411
Revenue
$1,181,328
Expenses
$729,828
Net income
$451,500
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