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GREATER RAPID CITY AREA ECONOMIC DEVELOPMENT CORP

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Public IRS 990 nonprofit record

GREATER RAPID CITY AREA ECONOMIC DEVELOPMENT CORP

EIN 46-0414080

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

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 2018The report may be old. Ask for a newer one.

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

They name their leaders28 people are listed in the latest report.

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

Money made simple

$103.53spent for every $100 of revenueSpending was higher than revenue this year.
$6.72in assets for every $1 spent this yearSome assets cannot be spent right away.
92.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $24,230 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $177,196 for BENJAMIN SNOW (PRESIDENT). 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 2018

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.

Money in and money out

Revenue$686,322
Expenses$710,552
Annual shortfall $24,230 Expenses were higher than revenue for this filing year.
See all reported dollar amounts
Revenue$686,322
Expenses$710,552
Assets$4,774,445
Contributions$637,828
Grants given$100,913
Average grant$33,638
Accounting fees$11,363
People

Leadership and board

Tax year 2018

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

People reported as paid

Person and titleCompensation
BENJAMIN SNOWPRESIDENT · 40 hrs/week $177,196Base $151,083 · Other $26,113
JEFF HAVERLYEXECUTIVE DI · 40 hrs/week $7,292

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 (28)

BENJAMIN SNOWPRESIDENT

JEFF HAVERLYEXECUTIVE DI

TOM WEAVERDIRECTOR

TOM HELLANDDIRECTOR

TERRI HAVERLYVICE PRESIDE

STEVE ALLENDERMAYOR

SHAWN GABPAST CHAIRMA

RON BLUMSECRETARY/TR

RON AMODEODIRECOTOR

PAULINE SUMPTIONDIRECTOR

PATRICK DANEDIRECTOR

MIKE BUCKINGHAMDIRECTOR

LINDA RABEDIRECTOR

JOEL BRANNANDIRECTOR

JODY BENDERDIRECTOR

JAY HAMMERQUISTVICE CHAIRMA

JAFAR KARIMDIRECTOR

GENE BILADEAUDIRECTOR

DR LORI SIMONDIRECTOR

DR HEATHER WILSONDIRECTOR

DR ANN BOLMANDIRECTOR

DEB HADCOCKDIRECTOR

DAVID LUSTCHAIRMAN

DAVE WESTERGAARDDIRECTOR

DARREN HAARDIRECTOR

DAN SENFTNERDIRECTOR

BRIAN BUTTERFIELDDIRECTOR

BRAD ESTESDIRECTOR

About this charity

Location
525 UNIVERSITY LOOP SUITE 101, RAPID CITY, SD 57701
County
Pennington
In care of
JEFF HAVERLY
Primary officer
JEFF HAVERLY, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2018
Tax period began
January 1, 2018
Return type
990
Tax preparer
KETEL THORSTENSON LLP
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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