BLACK HILLS STATE UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

BLACK HILLS STATE UNIVERSITY FOUNDATION

EIN 23-7428348 · Education (B110)

What they do

to PROVIDE PRIVATE GIFT SUPPORT for BHSU. THE FOUNDATIONS PURPOSE is to COMMUNICIATE THIS to ALUMNI, PARENTS, FRIENDS, CORPORATIONS, and FOUNDATIONS to OBTAIN AWARENES, UNDERSTANDING, ACCEPTANCE, and SUPPORT. THE FOUNDATION ALSO ADDRESSES BOTH THE SHORT-TERM OPERATING and LONG-TERM CAPITAL and ENDOWMENT NEEDS of BHSU.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders45 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

23.33%of revenue went to mission work88.2% of expenses · Program services

0.46%of revenue went to fundraising1.7% of expenses

$26.44spent for every $100 of revenueRevenue covered expenses this year.

2.66%of revenue went to management and office costs10.0% of expenses

$9.62in assets for every $1 spent this yearSome assets cannot be spent right away.

88.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $41,157 for KATHY J JOHNSON (VP OF FINANC). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$19,930,124

Mission workProgram services$4,648,92023.33% of revenue88.2% of expenses

ManagementOffice and general costs$529,3822.66% of revenue10.0% of expenses

FundraisingAsking for donations$90,6980.46% of revenue1.7% of expenses

Revenue left after expensesReported annual surplus$14,661,12473.56% of revenueShown in gray on the chart

Total expenses$5,269,00026.44% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.2% mission · 10.0% management · 1.7% fundraisingTotal expenses: 26.44% of revenue

2023Expense mix: 79.8% mission · 18.5% management · 1.6% fundraisingTotal expenses: 56.32% of revenue

2022Expense mix: 82.6% mission · 15.2% management · 2.2% fundraisingTotal expenses: 46.23% of revenue

2021Expense mix: 78.7% mission · 19.0% management · 2.3% fundraisingTotal expenses: 53.52% of revenue

2020Expense mix: 87.2% mission · 9.1% management · 3.8% fundraisingTotal expenses: 48.60% of revenue

2019Expense mix: 78.3% mission · 14.8% management · 6.9% fundraisingTotal expenses: 92.59% of revenue

2018Expense mix: 84.4% mission · 6.2% management · 9.4% fundraisingTotal expenses: 110.72% of revenue

2017Expense mix: 82.6% mission · 6.6% management · 10.8% fundraisingTotal expenses: 54.14% of revenue

Money in and money out

Revenue$19,930,124

Expenses$5,269,000

Annual surplus $14,661,124 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,648,920 · 88.2% of expenses

Management and office costs$529,382 · 10.0% of expenses

Fundraising$90,698 · 1.7% of expenses

See all reported dollar amounts

Revenue$19,930,124

Expenses$5,269,000

Assets$50,669,219

Income$26,307,395

Contributions$17,537,811

Mission work (program services)$4,648,920

Fundraising$90,698

Grants given$2,100,650

Average grant$300,093

Management and general$529,382

Stocks and bonds$35,840,309

Accounting fees$110,822

Investing fees$124,182

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KATHY J JOHNSONVP OF FINANC · 1 hrs/week $41,157Base · Other $41,157

STEVE MEEKEREXEC VICE PR · 27 hrs/week $40,816Base · Other $40,816

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (45)

KATHY J JOHNSONVP OF FINANC

STEVE MEEKEREXEC VICE PR

RON MEEKERBOARD MEMBER

JULIE PECHOTABOARD MEMBER

JUSTIN VARLANDBOARD MEMBER

KATHRYN JOHNSONBOARD MEMBER

KAY SCHALLENKAMPSECRETARY

LES LINDSKOVBOARD MEMBER

MARLA BARNARDBOARD MEMBER

MATT WALTERS RESIGNED 42025BOARD MEMBER

MIKE KAITFORSBOARD MEMBER

NEIL GRANDBOUCHEBOARD MEMBER

RON JUNEKBOARD MEMBER

JULIE OLSONBOARD MEMBER

RYAN WORDEMANBOARD MEMBER

SANDRA ADDYBOARD MEMBER

SCOTT GRASLIEBOARD MEMBER

STAN TRIPLETTBOARD MEMBER

SUSAN PETERSONBOARD MEMBER

TAMARA BURKEBOARD MEMBER

TASHI BRAUNBOARD MEMBER

TERRY KELLEYBOARD MEMBER

TIM PENTONBOARD MEMBER

DAVE LITTLEBOARD MEMBER

BETH BENNINGBOARD MEMBER

BETH MATHISBOARD MEMBER

BILL HUGHES PASSED AWAY 32025BOARD MEMBER

BOB YOUNGBOARD MEMBER

CRAIG KATTBOARD MEMBER

DAMIAN EDERHOFFPRESIDENT

DAN GREENBOARD MEMBER

DANA DYKHOUSEBOARD MEMBER

DARIN DOUGLASBOARD MEMBER

DARYL JOHNSONBOARD MEMBER

ASHLEY PEARSONBOARD MEMBER

DAVID MICKELSONBOARD MEMBER

DILLON HAUGBOARD MEMBER

FORREST BRADYBOARD MEMBER

GARY JOHNSONBOARD MEMBER

JIM ALCORNBOARD MEMBER

JIM MORAVECVICE PRESIDE

JOHN JOHNSONBOARD MEMBER

JOHN HECK PASSED AWAY 12025BOARD MEMBER

JUDY DRYDENBOARD MEMBER

JULIE BENEDICTBOARD MEMBER

About this charity

Recognized since: January 1975
Location: 1200 UNIVERSITY STREET UNIT 9506, SPEARFISH, SD 57799
County: Lawrence
In care of: STEVE MEEKER
Primary officer: STEVE MEEKER, EXEC VICE PRESIDENT

How to reach them

WebsiteVisit the charity’s website EmailAdmissions@BHSU.edu Phone(605) 642-6220 Officer phone(605) 642-6385

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: KETEL THORSTENSON LLP
NTEE classification: Education (B110)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes