Civic Intelligence

Caedc Foundation

990EZ • Fiscal year 2023 • EIN 83-1205358

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 11, 2024

PO Box 15Custer, SD 57730-0015

(605) 673-5800

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

39th percentile

-1.6%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

44th percentile

-1.5%

Faster asset growth than 44% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

20%

Faster revenue growth than 65% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$29,493

Down $452 (-1.5%) from 2022

Net Assets

Down

$29,493

Down $452 (-1.5%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$28,304

Up $4,754 (+20%) from 2022

Expenses

Down

$28,756

Down $5 (-0.0%) from 2022

Net Income

Up

-$452

Up $4,759 (+91%) from 2022

Historical Trend

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2019: $10,600Net Assets 2019: $10,6002019Assets 2020: $34,602Net Assets 2020: $34,6022020Assets 2021: $35,156Net Assets 2021: $35,1562021Assets 2022: $29,945Net Assets 2022: $29,9452022Assets 2023: $29,493Net Assets 2023: $29,4932023Assets 2024: $12,656Net Assets 2024: $12,6562024

Highlighted filing

2023

Assets$29,493
Liabilities-
Net Assets$29,493

Operations Trend

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

$100K$50K$0-$50KRevenue 2019: $10,6002019Revenue 2020: $26,420Expenses 2020: $2,418Net Income 2020: $24,0022020Revenue 2021: $36,709Expenses 2021: $36,155Net Income 2021: $5542021Revenue 2022: $23,550Expenses 2022: $28,761Net Income 2022: -$5,2112022Revenue 2023: $28,304Expenses 2023: $28,756Net Income 2023: -$4522023Revenue 2024: $63,290Expenses 2024: $80,127Net Income 2024: -$16,8372024

Highlighted filing

2023

Revenue$28,304
Expenses$28,756
Net Income-$452
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 11, 2024
Return Version
2023v5.0
Gross Receipts
$28,304
Mission and Program Overview

Mission

To drive community and economic development growth

Custer area economic development foundation accepts donations to drive and support community and economic growth and development. The custer area economic development foundation shares a common board of directors with 501c6 organization custer area economic development corporation, and the foundation financially supports the initiatives of the corporation.

Program Services

DescriptionGrantsExpenses
THROUGH SUPPORT OF THE FOUNDATION, CUSTER AREA ECONOMIC DEVELOPMENT CORPORATION HAS FORMED ASSOCIATIONS WITH OTHER REGIONAL AND STATE ECONOMIC DEVELOPMENT ORGANIZATIONS, ASSISTING WITH ACCESS TO FUNDS, LEADERSHIP AND ENTREPRENEURIAL TRAINING. REPRESENTATIVES WORK TO OPEN OPPORTUNITIES TO GROW EXISTING BUSINESSES, TO ATTRACT AND ASSIST NEW BUSINESS VENTURES AND START-UPS.$15,280$27,318
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TANYA OLSONPresidentPT$0--
MONNI KARIMSecretary-$0--
PHIL ABERNATHYTreasurer-$0--
JEFF PRIORBoard Member-$0--
BRAD KRUSHBoard Member-$0--
KELLY MILLERBoard Member-$0--
COLLEEN HENNESSYBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Caedc Foundation
EIN
83-1205358
Phone
6056735800
Address
PO BOX 15, CUSTER, SD 57730-0015

Signing Officer

Name
Phil Abernathy
Title
Treasurer
Phone
6056735800
Signed
2024-09-11
Discuss with paid preparer
Yes

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Brian Watland Ea
Phone
6053425630
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 15,227

Form 990-ez, Part I, Line 16

Expenses marketing & promotions 266 office 317 conferences/meetings 222 insurance 1,160 courses & programs 6,740 community garden 2,833 dues & fees 500 total 12,038

Form 990-ez, Part III

Custer area economic development foundation accepts donations to drive and support community and economic growth and development. The custer area economic development foundation shares a common board of directors with 501c6 organization custer area economic development corporation, and the foundation financially supports the initiatives of the corporation.

Form 990-ez, Part III, Line 28

Through support of the foundation, custer area economic development corporation has formed associations with other regional and state economic development organizations, assisting with access to funds, leadership and entrepreneurial training. Representatives work to open opportunities to grow existing businesses, to attract and assist new business ventures and start-ups.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0REVIEW OF IRS DETERMINATION LETTER DATED JUNE 8, 2011 INDICATES THAT CUSTER AREA ECONOMIC DEVELOPMENT EIN 27-3550919 IS AN EXEMPT ORGANIZATION UNDER 501(C)(6). THE ENTITY FILES AN ANNUAL FORM 990-N AND HAS INDICATED THEY PASS THE PUBLIC SUPPORT TEST.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 15,227
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES MARKETING & PROMOTIONS 266 OFFICE 317 CONFERENCES/MEETINGS 222 INSURANCE 1,160 COURSES & PROGRAMS 6,740 COMMUNITY GARDEN 2,833 DUES & FEES 500 TOTAL 12,038
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CUSTER AREA ECONOMIC DEVELOPMENT FOUNDATION ACCEPTS DONATIONS TO DRIVE AND SUPPORT COMMUNITY AND ECONOMIC GROWTH AND DEVELOPMENT. THE CUSTER AREA ECONOMIC DEVELOPMENT FOUNDATION SHARES A COMMON BOARD OF DIRECTORS WITH 501C6 ORGANIZATION CUSTER AREA ECONOMIC DEVELOPMENT CORPORATION, AND THE FOUNDATION FINANCIALLY SUPPORTS THE INITIATIVES OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THROUGH SUPPORT OF THE FOUNDATION, CUSTER AREA ECONOMIC DEVELOPMENT CORPORATION HAS FORMED ASSOCIATIONS WITH OTHER REGIONAL AND STATE ECONOMIC DEVELOPMENT ORGANIZATIONS, ASSISTING WITH ACCESS TO FUNDS, LEADERSHIP AND ENTREPRENEURIAL TRAINING. REPRESENTATIVES WORK TO OPEN OPPORTUNITIES TO GROW EXISTING BUSINESSES, TO ATTRACT AND ASSIST NEW BUSINESS VENTURES AND START-UPS.
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ReturnHeader/TaxPeriodEndDt02023-12-31
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