Mission
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.
Public Charity
RAPID CITY ECONOMIC DEVELOPMENT FOUNDATI
Based in RAPID CITY, SD, RAPID CITY ECONOMIC DEVELOPMENT FOUNDATI operates as a Public Charity. The organization reported $12.0M in expenses for fiscal year 2023. Imperigo tracks 13 reported grants from this foundation totaling approximately $2.2M.
EIN: 237267019
RAPID CITY, SD
Latest filing: 2023
Total Expenses$12.0M
Grants Given13
Grant Total$2.2M
Filing Years2018–2023
Sample Grants Given
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
ECONOMIC DEVELOPMENT PROGRAMS
$2,128,147
IMMUTRIX
REPAIR TO LAND
$38,375
Showing up to 5 of 13 total records — full history available with membership.
Officers & Directors
BOARD MEMBER
Alan Solano
BOARD MEMBER
Andy Bartling
BOARD MEMBER
Brad Hearst
BOARD MEMBER
Brandon Lance
PAST CHAIR
Darren Haar
BOARD MEMBER
Dick Johnson
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | — | $12.0M | — |
| 2022 | $2.5M | $3.2M | $16.0M |
| 2020 | $2.8M | $734K | $19.2M |
| 2019 | $1.2M | $730K | $10.1M |
| 2018 | $3.1M | $658K | $9.7M |
Between 2018 and 2022, reported annual revenue declined from $3.1M to $2.5M (-21%).
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in SD.
SD
Full geographic grant map with state-by-state breakdown available with membership.