Overview
What is Black Hills Community Economic Development Inc?
Black Hills Community Economic Development Inc is a nonprofit organization situated in Rapid City, South Dakota. Their primary mission is to stimulate and boost economic growth within Western South Dakota, extending their reach to contiguous counties in Nebraska and Wyoming, forming a 200-mile radius. They play a significant role in promoting economic development in the Rapid City/Black Hills Regional Trade Zone. Additionally, they administer the Small Business Administration (SBA) 504 Loan Program, offering technical assistance to aid in economic base expansion. This involves managing a revolving loan program, contributing to the overall development and prosperity of the region.
Official website here: www.bhced.org
Is Black Hills Community Economic Development Inc legitimate?
Black Hills Community Economic Development Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Black Hills Community Economic Development Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bhced.org
What is the mission statement of Black Hills Community Economic Development Inc?
Black Hills Community Economic Development Inc's mission is centered around promoting economic growth in South Dakota and the Rapid City/Black Hills regional trade zone, extending up to 200 miles into Nebraska and Wyoming. They provide technical assistance to aid in the expansion of local economic bases, including managing a revolving loan program. The organization's primary objective is to advance economic and community development in Western South Dakota. They administer the Regional Small Business Administration (SBA) 504 loan program to support this mission.
Official website here: www.bhced.org
Who is the CEO of Black Hills Community Economic Development Inc?
Frances White is the Executive Di of Black Hills Community Economic Development Inc.
Official website here: www.bhced.org
What is the revenue of Black Hills Community Economic Development Inc?
Black Hills Community Economic Development Inc's revenue in 2022 was $972,630.
Official website here: www.bhced.org
Who are the executives of Black Hills Community Economic Development Inc and what are their salaries?
There 11 volunteers at Black Hills Community Economic Development Inc.
Here are 12 key members and their salaries:
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- Related: $70,939
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Official website here: www.bhced.org
Where can I find the form 990 for Black Hills Community Economic Development Inc?
Black Hills Community Economic Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bhced.org
Learn more at the official website: www.bhced.org
Mission Statement of Black Hills Community Economic Development Inc
Black Hills Community Economic Development Inc, a nonprofit organization, is committed to fostering economic growth in South Dakota and the Rapid City/Black Hills regional trade zone, which extends up to 200 miles into neighboring Nebraska and Wyoming. The primary mission of this organization is to stimulate and enhance economic and community development within western South Dakota. To achieve this goal, Black Hills Community Economic Development Inc administers the Regional Small Business Administration (SBA) 504 Loan Program, offering technical assistance to aid in expanding the economic base. This assistance is intended to stimulate business growth and development, thereby contributing to the overall economic prosperity of the region.
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Impact
October, 2024
Black Hills Community Economic Development Inc plays a vital role in enhancing the economic landscape of South Dakota, specifically within the Rapid City and Black Hills regional trade zone. By focusing on local economic development, it supports community advancement and the growth of businesses across a 200-mile radius, including contiguous counties in Nebraska and Wyoming.
The organization actively promotes and encourages initiatives that foster economic and community development in Western South Dakota. With the administration of the Regional Small Business Administration (SBA) 504 loan program, it provides essential technical assistance that helps local businesses expand their economic base. Additionally, the revolving loan program facilitates access to capital, allowing businesses to invest in their growth and create jobs.
Through these initiatives, Black Hills Community Economic Development Inc significantly contributes to the vitality of the region, helping to stimulate local economies, enhance community standards, and promote long-term sustainable growth. Its efforts ultimately lead to improved quality of life for residents, fostering a vibrant economic environment that benefits all stakeholders.
This information is meant to be a general summary of Black Hills Community Economic Development Inc. 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: $1,246
- Program Service Revenue: $673,202
- Gross Receipts: $972,630
Assets and Liabilities:
- Total Assets: $2,883,121
- Total Liabilities: $186,556
- Net Assets: $2,696,565
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN SERVICING
Revenue
$310,700
LOAN CLOSING FEES
Revenue
$287,480
LOAN INTEREST
Revenue
$75,022
Organization Details
Founding Year
1981
Phone
(605) 347-5837Principal Officer
Frances White
Main Address
730 E WATERTOWN ST SUITE 102, RAPID CITY, SD, 57701
Website
www.bhced.orgNTEE Category
Code: S30 - Community improvement
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