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

Total Assets

-100.0% YoY

Annual Giving

$8K

-99.6% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$8K

-99.6% YoY

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$3M$7M$10M$13M2020202120222023
Metric202320222021
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

$0$532K$1M$2M$2M0 grants20200 grants20211 grants20221 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

ELEVATE RAPID CITY$8K

Grant Size Distribution

2 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M1$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Rapid City Economic Development Foundati fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

TOM JOHNSONPRESIDENT/CEO$266K

From 2023 filing

NameTitleHoursCompensation
PAULETTE DAVIDSONCHAIR0.5
TOM WEAVERVICE CHAIR0.5
MARNE JONESTREASURER0.5
TODD KENNERSECRETARY0.5
DARREN HAARPAST CHAIR0.5
ALAN SOLANOBOARD MEMBER0.5
ANDY BARTLINGBOARD MEMBER0.5
BRAD HEARSTBOARD MEMBER0.5
BRANDON LANCEBOARD MEMBER0.5
DICK JOHNSONBOARD MEMBER0.5
GREG LOOSBOARD MEMBER0.5
HANI SHAFAIBOARD MEMBER0.5
JANA MCCRODENBOARD MEMBER0.5
MAYOR JASON SALAMUNBOARD MEMBER0.5
PETE LIENBOARD MEMBER0.5
ZANE BRINKBOARD MEMBER0.5
TOM JOHNSONPRESIDENT/CEO1$265,574

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

Rapid City

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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