Overview
What is Black Hills Area Community Foundation?
The Black Hills Area Community Foundation is a nonprofit organization located at 803 St. Joseph Street in Rapid City, South Dakota (57701). This charitable institution is dedicated to enhancing the quality of life for residents in the Black Hills region through educational scholarships and donations to community organizations. With a mission to provide educational, scientific, literary, and charitable support, the foundation contributes to the development of both quality and quantity of economic growth in Rapid City and the Black Hills Area. The organization, which employs eight individuals, plays a significant role in improving the local community by granting funds to various organizations.
Official website here: www.bhacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Black Hills Area Community Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 97 in Accountability & Finance, the foundation demonstrates strong practices in governance and oversight, including having 100% independent board members and a well-managed audit and oversight committee. Their financial efficiency is notable, with a program expense ratio of 96.25%, meaning that a significant portion of donations is directed toward their programs.
The organization excels in its policies and transparency, receiving full points for various governance measures, including conflict of interest, whistleblower, and document retention policies. Their liabilities to assets ratio stands at a solid 28.57%, showcasing a manageable level of debt compared to their assets. Furthermore, they maintain a commendable fundraising efficiency ratio of $0.00, suggesting that they have no fundraising costs that detract from their mission.
While the foundation displays strong metrics in financial health and governance, the culture and community score of 83 indicates that there may be room for improvement in engaging with the community and promoting equity strategies. Overall, the Black Hills Area Community Foundation is well-regarded for its financial integrity and commitment to its mission, although it could enhance its impact through community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Black Hills Area Community Foundation legitimate?
Black Hills Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black Hills Area Community Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $147,420
Professional Fundraising Fees: $0
Other Salaries and Wages: $375,198
For more financial information, click here
Official website here: www.bhacf.org
What is the mission statement of Black Hills Area Community Foundation?
The Black Hills Area Community Foundation focuses on providing educational, scientific, literary, and charitable support in broad areas. Its mission is geared towards enhancing the quality and quantity of economic growth in the community. Through educational scholarships and charitable donations, the foundation works to uplift the lives of people in the region. By funding various community organizations, it aims to foster development and improvement in various aspects of community life.
Official website here: www.bhacf.org
Who is the CEO of Black Hills Area Community Foundation?
Elizabeth Hamburg is the Executive Di of Black Hills Area Community Foundation.
Official website here: www.bhacf.org
What is the revenue of Black Hills Area Community Foundation?
Black Hills Area Community Foundation's revenue in 2022 was $16,934,227.
Official website here: www.bhacf.org
Who are the executives of Black Hills Area Community Foundation and what are their salaries?
The average compensation at Black Hills Area Community Foundation during 2022 was $65,327. There are 8 employees and 19 volunteers at Black Hills Area Community Foundation.
Here are 18 key members and their salaries:
- Compensation: $140,400
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- Other: $7,020
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Official website here: www.bhacf.org
Where can I find the form 990 for Black Hills Area Community Foundation?
Black Hills Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bhacf.org
Learn more at the official website: www.bhacf.org
Mission Statement of Black Hills Area Community Foundation
The Black Hills Area Community Foundation is a charitable organization committed to educational, scientific, literary, and philanthropic endeavors in broad areas. Its mission is geared towards enhancing the quality and quantity of economic growth in the Rapid City and Black Hills region. The foundation achieves this by offering financial assistance and scholarships to various community organizations and individuals, thereby improving the overall quality of life in the area.
By providing educational scholarships and donations to numerous community organizations, the Black Hills Area Community Foundation contributes significantly to the development and progression of the Rapid City and Black Hills community. The foundation's commitment to economic growth goes beyond just financial support, as it strives to foster sustainable growth and development in the region.
Through its charitable initiatives, the Black Hills Area Community Foundation is an integral part of enhancing the community's economic landscape. Its support extends to a myriad of sectors, allowing for the growth and expansion of various industries and services. Moreover, the foundation's work in education is instrumental in nurturing the next generation of leaders and innovators, ensuring a bright future for the region.
In summary, the Black Hills Area Community Foundation's mission revolves around promoting the educational, scientific, literary, and charitable development of the Rapid City and Black Hills area. By providing essential resources and financial support to the community, the foundation plays a vital role in fostering economic growth and improving the quality of life for its residents.
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Impact
October, 2024
The Black Hills Area Community Foundation significantly enhances the quality of life in the Rapid City and Black Hills region through its multifaceted support efforts. By providing educational scholarships, the foundation empowers individuals to pursue their academic goals, fostering a more educated workforce.
Moreover, the foundation invests in community organizations that address various needs, fostering a spirit of collaboration and growth. Its focus on both quality and quantity of economic growth stimulates local development, creating opportunities for residents and enhancing overall community well-being. Through these initiatives, the foundation not only contributes to individual success but also strengthens the social fabric of the region, driving positive change and resilience in the Black Hills area.
This information is meant to be a general summary of Black Hills Area Community Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,813,707
- Gross Receipts: $40,312,945
Assets and Liabilities:
- Total Assets: $53,430,728
- Total Liabilities: $15,265,919
- Net Assets: $38,164,809
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Organization Details
Founding Year
1987
Phone
(605) 718-0112Principal Officer
Elizabeth Hamburg
Main Address
803 ST JOSEPH STREET, RAPID CITY, SD, 57701
Website
www.bhacf.orgNTEE Category
Code: T31 - Philanthropy
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