Civic Intelligence

Yellow Jacket Foundation

990 • Fiscal year 2021 • EIN 51-0151319

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

1200 University Street Unit 9506Spearfish, SD 57799

(605) 642-6385

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

11th percentile

0.00x

Higher debt load relative to revenue than 11% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

75th percentile

$191,354

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

84th percentile

35%

Faster asset growth than 84% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

45%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$5,113,790

Up $1,321,541 (+35%) from 2020

Net Assets

Up

$5,104,369

Up $1,336,578 (+35%) from 2020

Liabilities

Down

$9,421

Down $15,037 (-61%) from 2020

Revenue

Up

$2,559,424

Up $799,139 (+45%) from 2020

Expenses

Up

$1,521,911

Up $251,062 (+20%) from 2020

Net Income

Up

$1,037,513

Up $548,077 (+112%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2010: -$7,860Liabilities 2010: $0Net Assets 2010: -$7,8602010Assets 2011: $54,139Liabilities 2011: $0Net Assets 2011: $54,1392011Assets 2012: $8,535Liabilities 2012: $0Net Assets 2012: $8,5352012Assets 2013: $3,499,467Liabilities 2013: $361,302Net Assets 2013: $3,138,1652013Assets 2014: $4,068,344Liabilities 2014: $312,915Net Assets 2014: $3,755,4292014Assets 2015: $4,004,880Liabilities 2015: $223,422Net Assets 2015: $3,781,4582015Assets 2016: $4,422,672Liabilities 2016: $149,087Net Assets 2016: $4,273,5852016Assets 2017: $3,324,712Liabilities 2017: $124,756Net Assets 2017: $3,199,9562017Assets 2018: $2,767,531Liabilities 2018: $56,765Net Assets 2018: $2,710,7662018Assets 2019: $3,109,318Liabilities 2019: $18,006Net Assets 2019: $3,091,3122019Assets 2020: $3,792,249Liabilities 2020: $24,458Net Assets 2020: $3,767,7912020Assets 2021: $5,113,790Liabilities 2021: $9,421Net Assets 2021: $5,104,3692021Assets 2022: $7,306,802Liabilities 2022: $4,670Net Assets 2022: $7,302,1322022Assets 2023: $12,724,814Liabilities 2023: $4,978Net Assets 2023: $12,719,8362023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2021

Assets$5,113,790
Liabilities$9,421
Net Assets$5,104,369

Operations Trend

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

$20M$10M$0-$10M-$20MExpenses 2010: $1,476,0312010Expenses 2011: $578,6502011Expenses 2012: $813,8472012Revenue 2013: $1,745,838Expenses 2013: $634,399Net Income 2013: $1,111,4392013Revenue 2014: $1,470,539Expenses 2014: $823,472Net Income 2014: $647,0672014Revenue 2015: $947,491Expenses 2015: $884,738Net Income 2015: $62,7532015Revenue 2016: $1,410,825Expenses 2016: $919,956Net Income 2016: $490,8692016Revenue 2017: $1,134,961Expenses 2017: $1,252,175Net Income 2017: -$117,2142017Revenue 2018: $1,204,344Expenses 2018: $1,541,686Net Income 2018: -$337,3422018Revenue 2019: $2,063,237Expenses 2019: $1,970,013Net Income 2019: $93,2242019Revenue 2020: $1,760,285Expenses 2020: $1,270,849Net Income 2020: $489,4362020Revenue 2021: $2,559,424Expenses 2021: $1,521,911Net Income 2021: $1,037,5132021Revenue 2022: $4,359,748Expenses 2022: $1,542,195Net Income 2022: $2,817,5532022Revenue 2023: $6,905,985Expenses 2023: $1,966,849Net Income 2023: $4,939,1362023Revenue 2024: $0Expenses 2024: $12,719,836Net Income 2024: -$12,719,8362024

Highlighted filing

2021

Revenue$2,559,424
Expenses$1,521,911
Net Income$1,037,513
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$2,655,540
Mission and Program Overview

Mission

To support student athletes by funding athletic scholarships and improving athletic facilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,354,206$974,626▼ $379,580
Pledges and Grants Receivable$169,934$157,316▼ $12,618
Investments in Publicly Traded Securities$19,082$23,733▲ $4,651
Inventories for Sale or Use$6,194$6,194→ $0
Prepaid Expenses and Deferred Charges$689$689→ $0
Total Assets$3,792,249$5,113,790▲ $1,321,541
Other Assets Total$2,242,144$3,951,232▲ $1,709,088
Liabilities
Accounts Payable and Accrued Expenses$24,458$9,421▼ $15,037
Total Liabilities$24,458$9,421▼ $15,037
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,307,775$4,027,069▲ $719,294
Net Assets Without Donor Restrictions$460,016$1,077,300▲ $617,284
Total Net Assets Fund Balance$3,767,791$5,104,369▲ $1,336,578
Total Liabilities and Net Assets / Fund Balance$3,792,249$5,113,790▲ $1,321,541

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$3,951,232--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$2,889,091$662,056▲ $348,190-$3,722,849
2020$2,753,019$67,889▲ $231,228-$2,888,091
2019$2,389,171$164,555▲ $249,185-$2,753,019
2018$2,227,263$151,615▲ $145,608-$2,389,171
2017$2,120,347$127,858▲ $91,675-$2,227,263
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Darin DouglasExecutive DiPT$191,354$191,354

Board Members and Trustees

NameTitle
Susan PetersonPresident
-Director
Ashley PearsonDirector
Beth MathisDirector
Bill HughesDirector
Bob YoungDirector
Chris AndersonDirector
Dan GreenDirector
Dana DykhouseDirector
Dave LittleDirector
David MickelsonDirector
Forrest BradyDirector
John HeckDirector
Kay SchallenkampDirector
Matt WaltersDirector
Scott GraslieDirector
Stan TriplettDirector
Terry KelleyDirector
Tim PentonDirector
-Executive Director
Ron JunekSecretary
Jim AlcornTreasurer
Neil GranboucheVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,285,289
Program Service Revenue
$0
Investment Income
$63,918
Other Revenue
$210,217
Change in Net Assets
$1,037,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,665,173
Revenue Not Reported on Financial Statements
$-105,749
Revenue Not Reported on Form 990
$945,018
Other Revenue Adjustments
$-105,749
Total Revenue per Audited Statements
$3,610,191
Total Revenue per Form 990
$2,559,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,042,881
Other Expenses$479,030
Total Fundraising Expense$21,458
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,021,078--$1,021,078
Travel$129,143-$83$129,226
Fees for Services Accounting-$28,852-$28,852
Fees for Services Other$14,975$7,670-$22,645
Grants to Domestic Orgs$21,803--$21,803
Fees for Service Investment Mgmnt Fees-$14,109-$14,109
All Other Expenses$6,703$6,263-$12,966
Other Expenses$8,504$2,707$3,019$8,504
Advertising$765$3,738$91$4,594
Insurance-$2,249-$2,249
Office Expenses$1,679$255-$1,934
Total Functional Expenses$1,431,520$68,933$21,458$1,521,911

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,273,613
Total Expenses per Form 990$1,521,911
Expenses per Audited Statements$1,507,802
Expenses Not Reported on Form 990$765,811
Expenses Not Reported on Financial Statements$14,109
Other Expense Adjustments$14,109
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Black Hills State UniversitySpearfish, SD-Sponsor Tournament-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$183,418
Gaming Gross Income$52,460
Fundraising Direct Expenses$44,380
Gaming Direct Expenses$20,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$688,162$117,315$8,991$108,324
Gold Rush$77,429$66,103$1,429$64,674
Total Events$765,591$183,418$44,380$139,038
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 provided to the organization's governing body after it has been filed.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents and financial statements available to the public upon request.

Form 990, Part VII

Officers' salaries are paid by black hills state university. Compensation is determined by the south dakota board of regents.

Filing and Contact Details

Filer

Filer Name
Yellow Jacket Foundation
EIN
51-0151319
Phone
6056426385
Address
1200 UNIVERSITY STREET UNIT 9506, SPEARFISH, SD 57799
Doing Business As
Steve Meeker

Signing Officer

Name
Steve Meeker
Title
Executive Director
Phone
6056426385
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
Sd
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
22

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

Cash surrender value of life insurance 1,346 investment fees -14,109 bad debt 9,633 concession expense 31,736 fundraising expenses 64,380 bad debt -9,633 concession expense -31,736 fundraising expenses -64,380 investment fees 14,109 total 1,346

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The organization's endowment funds are held to generate investment income to be used to support the student athletes and athletic programs of black hills state university.

Schedule D, Page 3, Part X

At december 31, 2021, the foundation believes no significant uncertain tax positions or liabilities exist.

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

Cash surrender value of life insurance 1,346 investment fees -14,109

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

Bad debt -9,633 concession expense -31,736 fundraising expenses -64,380

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

Bad debt 9,633 concession expense 31,736 fundraising expenses 64,380

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

INVESTMENT FEES 14,109

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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/FormationYr01974
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IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/FundraisingDirectExpensesAmt044380
IRS990/FundraisingGrossIncomeAmt0183418
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IRS990/GamingDirectExpensesAmt020000
IRS990/GamingGrossIncomeAmt052460
IRS990/GoverningBodyVotingMembersCnt022
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt021803
IRS990/GrantsToDomesticOrgsGrp/TotalAmt021803
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt011772
IRS990/GrossReceiptsAmt02655540
IRS990/GrossSalesOfInventoryAmt068714
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndependentVotingMemberCnt022
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IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02249
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt06194
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IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt01
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO SUPPORT STUDENT ATHLETES BY FUNDING ATHLETIC SCHOLARSHIPS AND IMPROVING ATHLETIC FACILITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0139038
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt032460
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt036978
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt036978
IRS990/NetUnrlzdGainsLossesInvstAmt0297719
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0460016
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IRS990/OtherChangesInNetAssetsAmt01346
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MEALS & ENTERTAINMENT
IRS990/OtherExpensesGrp/Desc2DUES/FILINGS
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IRS990/OtherExpensesGrp/FundraisingAmt111075
IRS990/OtherExpensesGrp/FundraisingAmt23019
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IRS990/OtherExpensesGrp/ProgramServicesAmt23005
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IRS990/OtherExpensesGrp/TotalAmt158898
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0STEVE MEEKER
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IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01634177
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IRS990/PYInvestmentIncomeAmt055358
IRS990/PYOtherExpensesAmt0270513
IRS990/PYOtherRevenueAmt070750
IRS990/PYRevenuesLessExpensesAmt0489436
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IRS990/PYTotalRevenueAmt01760285
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01037513
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt038719
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt024,524
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02285289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01634177
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01956871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01021237
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01072883
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07970457
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt052146
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt034850
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt035510
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043595
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt038703
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0204804
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0483228
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt023369
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01155

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$12.7$12.7
2023Detailed filing. Detailed filing data is available for this year.$12.7$0.00$12.7$6.91$1.97$4.94
2022Detailed filing. Detailed filing data is available for this year.$7.31$0.00$7.30$4.36$1.54$2.82
2021Detailed filing. Detailed filing data is available for this year.$5.11$0.01$5.10$2.56$1.52$1.04
2020Detailed filing. Detailed filing data is available for this year.$3.79$0.02$3.77$1.76$1.27$0.49
2019Detailed filing. Detailed filing data is available for this year.$3.11$0.02$3.09$2.06$1.97$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.77$0.06$2.71$1.20$1.54$0.34
2017Detailed filing. Detailed filing data is available for this year.$3.32$0.12$3.20$1.13$1.25$0.12
2016Detailed filing. Detailed filing data is available for this year.$4.42$0.15$4.27$1.41$0.92$0.49
2015Detailed filing. Detailed filing data is available for this year.$4.00$0.22$3.78$0.95$0.88$0.06
2014Detailed filing. Detailed filing data is available for this year.$4.07$0.31$3.76$1.47$0.82$0.65
2013Detailed filing. Detailed filing data is available for this year.$3.50$0.36$3.14$1.75$0.63$1.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$1.48