Rapid City Economic Development Foundati

RAPID CITY, SD EIN: 23-7267019

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.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$8K

-99.6% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$8K

-99.6% YoY

About Rapid City Economic Development Foundati

Based on IRS filings

Rapid City Economic Development Foundati is a nonprofit organization, based in RAPID CITY, SD. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $8K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Dakota $2.1M (100%)

States

South Dakota

Cities

Rapid City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	—	$15,961,561	$18,568,120
Revenue	—	$2,494,984	$2,810,029
Expenses	$12,016,589	$3,182,525	$1,044,094
Qualifying Distributions	—	—	—
Net Investment Income	—	$2,199,401	$161,363
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Elevate Rapid City ($7,868).

Recipient	Purpose	Amount
ELEVATE RAPID CITY RAPID CITY, SD	DURING 2023, THE BOARD OF DIRECTORS OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION, THE CITY OF RAPID CITY, AND THE ECONOMIC DEVELOPMENT ADMINISTRATION APPROVED ELEVATE RAPID CITY (A RELATED ORGANIZATION) ACQUIRING THE ASSETS, LIABILITIES, AND OPERATIONS OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION. THE ACQUISITION OCCURRED TO ALIGN OBJECTIVES AND COMBINE THE RESOURCES OF THE TWO ENTITIES TO BETTER PROMOTE AND SUPPORT THE RAPID CITY AND BLACK HILLS REGION. DURING 2023 THE ASSETS AND LIABILITIES OF RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION WERE TRANSFERRED TO AND ASSUMED BY ELEVATE RAPID CITY WITH NO CASH CONSIDERATION TRANSFERRED BETWEEN ENTITIES. THE FOUNDATION WAS OFFICIALLY DISSOLVED BY THE STATE OF SOUTH DAKOTA ON DECEMBER 8, 2023.	$7,868

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
PAULETTE DAVIDSON	CHAIR	0.5	—
TOM WEAVER	VICE CHAIR	0.5	—
MARNE JONES	TREASURER	0.5	—
TODD KENNER	SECRETARY	0.5	—
DARREN HAAR	PAST CHAIR	0.5	—
ALAN SOLANO	BOARD MEMBER	0.5	—
ANDY BARTLING	BOARD MEMBER	0.5	—
BRAD HEARST	BOARD MEMBER	0.5	—
BRANDON LANCE	BOARD MEMBER	0.5	—
DICK JOHNSON	BOARD MEMBER	0.5	—
GREG LOOS	BOARD MEMBER	0.5	—
HANI SHAFAI	BOARD MEMBER	0.5	—
JANA MCCRODEN	BOARD MEMBER	0.5	—
MAYOR JASON SALAMUN	BOARD MEMBER	0.5	—
PETE LIEN	BOARD MEMBER	0.5	—
ZANE BRINK	BOARD MEMBER	0.5	—
TOM JOHNSON	PRESIDENT/CEO	1	$265,574

Frequently Asked Questions

Where does Rapid City Economic Development Foundati operate?

Rapid City Economic Development Foundati has awarded grants in South Dakota.

What size grants does Rapid City Economic Development Foundati award?

In 2023, Rapid City Economic Development Foundati awarded 1 grants totaling $8K — an average of about $8K per grant, based on its IRS Form 990 filings.

What is Rapid City Economic Development Foundati's EIN?

Rapid City Economic Development Foundati's EIN (Employer Identification Number) is 23-7267019. IRS Form 990 filing data is available on this page for 2020–2023.