2025-10-21T12:53:13-05:00 2024-12-31 460403496 CASEY PETERSON LTD 909 ST JOSEPH ST STE 101 RAPID CITY SD 57701 990 2024-01-01 273983146 MAIN STREET SQUARE MAIN 6057188492 512 MAIN STREET 240 RAPID CITY SD 57701 KELLY BUNTROCK PRESIDENT 6057188492 2025-10-21 1 1 DEIDRE BUDAHL CPA P01273830 6053481930 2025-10-21 2024 2025-03-06 01:10:19Z KELLY BUNTROCK 512 MAIN STREET 240 RAPID CITY SD 57701 1225837 0 X WWW.MAINSTREETSQUARE.ORG X 2010 SD THE ORGANIZATION OPERATES RAPID CITY TOWN SQUARE (OWNED BY THE CITY OF RAPID CITY) IN THE HEART OF DOWNTOWN IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE INCREASED PEDESTRIAN TRAFFIC DOWNTOWN, AND TO STRENGTHEN THE CENTER OF THE COMMUNITY. THIS INCLUDES SUPPORTING, ENCOURAGING, ADVOCATING, AND PRESERVING THE VITALITY AND AESTHETIC BEAUTY OF THE DOWNTOWN RAPID CITY BUSINESS COMMUNITY. 7 7 22 0 0 0 799632 889647 350546 270704 21937 23273 14748 35441 1186863 1219065 7055 3540 0 0 648626 586199 0 0 0 547908 678924 1203589 1268663 -16726 -49598 1642732 1674835 103761 170030 1538971 1504805 X THE ORGANIZATION OPERATES RAPID CITY TOWN SQUARE (OWNED BY THE CITY OF RAPID CITY) IN THE HEART OF DOWNTOWN IN ORDER TO PROVIDE AN ACTIVE GATHERING PLACE FOR THE ENTIRE COMMUNITY, TO INVITE INCREASED PEDESTRIAN TRAFFIC DOWNTOWN, AND TO STRENGTHEN THE CENTER OF THE COMMUNITY. THIS INCLUDES SUPPORTING, ENCOURAGING, ADVOCATING, AND PRESERVING THE VITALITY AND AESTHETIC BEAUTY OF THE DOWNTOWN RAPID CITY BUSINESS COMMUNITY. 0 0 978908 3540 270704 THE ORGANIZATION MANAGES THE OPERATIONS OF MAIN STREET SQUARE THROUGH AN OPERATING AGREEMENT WITH THE CITY OF RAPID CITY. THE ORGANIZATION LEADS EFFORTS TO REDEVELOP AND REVITALIZE DOWNTOWN RAPID CITY THROUGH IMPROVING STREETSCAPES, PROVIDING CLEAN AND SAFE PROGRAMS, AND PROMOTING DOWNTOWN BUSINESSES AND EVENTS. 978908 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 6057188492 512 MAIN STREET 240 RAPID CITY SD 57701 KELLY BUNTROCK CHAIR 1.00 2.00 X X 0 0 0 TIM JOHNSON VICE CHAIR 1.00 2.00 X X 0 0 0 SCOTT LANDGUTH SECRETARY/TREASURER 1.00 2.00 X X 0 0 0 WADE LAMPERT DIRECTOR 1.00 X 0 0 0 STACIE HULL DIRECTOR 1.00 2.00 X 0 0 0 KATELYN COOK DIRECTOR 1.00 2.00 X 0 0 0 LOGAN STEFFENS DIRECTOR 1.00 2.00 X 0 0 0 CALLIE MEYER EXECUTIVE DIRECTOR(THROUGH MAY 2024) 40.00 X 33368 0 1020 BROOK KAUFMAN EXECUTIVE DIRECTOR (BEG.JUNE 2024) 35.00 5.00 X 0 226565 5613 33368 226565 6633 0 0 1 0 0 392178 497469 889647 ICE SKATING 713990 149475 149475 COMMUNITY EVENTS 713990 121229 121229 270704 19020 19020 12650 0 12650 12650 12650 3025 8000 0 6772 3025 1228 4253 4253 INSURANCE PROCEEDS 900099 22791 22791 22791 1219065 270704 0 58714 3540 3540 34388 27510 6878 509938 407950 101988 41873 33499 8374 61404 61404 14188 14188 87040 87040 34811 27849 6962 266270 215192 51078 7572 6058 1514 71679 57343 14336 29895 23915 5980 EVENTS EXPENSES 69846 69846 PLEDGE WRITE OFFS 30000 30000 TRAINING AND EDUCATION 4312 3452 860 DUES 1760 1408 352 147 118 29 1268663 978908 289755 0 158952 370760 588164 0 4725 0 0 40500 8515 6661 1378951 730049 703993 648902 178383 608012 1642732 1674835 36250 87418 67511 10292 0 72320 103761 170030 X 1449871 1394248 89100 110557 1538971 1504805 1642732 1674835 -49598 15432 0 X X 0 1 X 1 0 X 831823 855423 640337 555471 640969 3524023 380011 493057 445766 350546 270704 1940084 244161 248678 492839 1211834 1348480 1086103 1150178 1160351 5956946 350000 336139 420534 35200 1190 1143063 46140 34322 5950 1459 87871 396140 370461 426484 36659 1190 1230934 4726012 9664 14087 16388 28959 31670 100768 9664 14087 16388 28959 31670 100768 1221498 1362567 1102491 1179137 1192021 6057714 0.78020 0.71890 0.01660 0.01260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 178383 20493 2059 196817 158895 21456 1968 178383 183506 -24611 158895 180000 3506 183506 0.89840 0.10160 1 0 459634 66344 393290 919317 663705 255612 648902 DUE TO RELATED PARTY 72320 72320 X PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(3), AND IS NOT CONSIDERED TO BE A PRIVATE FOUNDATION UNDER SECTION 509(A). AS SUCH, NO FEDERAL INCOME TAX IS PAID UNLESS NET INCOME IS DERIVED FROM ACTIVITIES THAT ARE UNRELATED TO THEIR EXEMPT ACTIVITIES. NO SUCH SIGNIFICANT ACTIVITIES ARE CONDUCTED. AT DECEMBER 31, 2024 THE ORGANIZATION BELIEVES NO MATERIAL UNCERTAIN TAX POSITIONS OR LIABILITIES, OR INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS EXIST. 0 0 0 0 0 0 0 0 0 BROOK KAUFMAN EXECUTIVE DIRECTOR (BEG.JUNE 2024) 0 176565 0 50000 0 0 0 5313 0 300 0 232178 0 0 SCHEDULE J, PART I, LINE 3 COMPENSATION FOR THE EXECUTIVE DIRECTOR OF MAIN STREET SQUARE (MSS) IS DETERMINED BY THE BOARD OF DIRECTORS OF VISIT RAPID CITY (THE PARENT ORGANIZATION OF MSS). VISIT RAPID CITY'S EXECUTIVE COMMITTEE WORKED WITH A THIRD-PARTY RECRUITER TO DETERMINE A FAIR AND COMPETITIVE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR. IN MAKING THIS DETERMINATION, THE COMMITTEE USED WRITTEN EMPLOYMENT CONTRACTS AND COMPENSATION STUDIES. THE COMPENSATION PACKAGE WAS APPROVED BY VISIT RAPID CITY'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 4 AMENDED BYLAWS WERE ADOPTED BY THE BOARD OF DIRECTORS AT THE DECEMBER 12, 2024 BOARD MEETING. THE AMENDED BYLAWS DEFINE THE COMPOSITION OF THE BOARD AS THOSE INDIVIDUALS WHO SERVE ON THE BOARD OF DIRECTORS OF VISIT RAPID CITY (VRC). INDIVIDUALS ELECTED, APPOINTED, OR DESIGNATED TO SERVE ON THE BOARD OF DIRECTORS OF VRC SHALL AUTOMATICALLY SERVE AS DIRECTORS ON THE BOARD OF MAIN STREET SQUARE (MSS); LIKEWISE, IF A DIRECTOR IS REMOVED FROM VRC'S BOARD FOR ANY REASON, THAT INDIVIDUAL IS SIMULATNEOUSLY REMOVED FROM MSS'S BOARD. THE AMENDED BYLAWS STATES THE TERMS OF DIRECTORS SHALL ALIGN WITH THOSE SET FORTH IN THE BYLAWS OF VRC. ANY CHANGES IN THE COMPOSITION OF VRC'S BOARD SHALL RESULT IN CORRESPONDING CHANGES TO THE MSS'S BOARD, EFFECTIVE IMMEDIATELY UPON SUCH CHANGES. IN THE EVENT A VACANCY OCCURS ON THE BOARD FOR ANY REASON, SUCH VACANCY SHALL BE AUTOMATICALLY FILLED BY THE SUCCESSOR APPOINTED OR ELECTED TO VRC'S BOARD OF DIRECTORS. IF VRC LEAVES THE POSITION VACANT, MSS'S BOARD MAY REMAIN TEMPORARILY REDUCED IN SIZE, OR MSS'S BOARD MAY APPOINT AN INTERIM DIRECTOR TO SERVE UNTIL THE VACANCY IS FILLED BY VRC. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT REVIEWS THE 990. THE 990 IS PRESENTED TO THE BOARD AT A REGULAR MEETING FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE TO THE BOARD OF DIRECTORS ANY FINANCIAL OR PERSONAL INTEREST IN ANY MATTER COMING BEFORE THE BOARD. THIS PRECLUDES THEM FROM VOTING OR LOBBYING ON ANY SUCH MATTERS. THE POLICY IS SET FORTH IN ARTICLE 11 OF THE ORGANIZATION'S BYLAWS. DISCLOSURES ARE RECORDED IN THE MINUTES OF THE BOARD OF DIRECTORS MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 IN JUNE 2024, THE EXECUTIVE DIRECTOR OF VISIT RAPID CITY (VRC) BECAME THE EXECUTIVE DIRECTOR OF MAIN STREET SQUARE. COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY AND PAID BY VRC. VRC DETERMINES COMPENSATION ARRANGEMENTS BASED ON INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES. THE INFORMATION AND SOURCES RELIED UPON BY VRC TO BASE DECISIONS ABOUT COMPENSATION IS RECORDED IN WRITING AS ARE DECISIONS MADE BY THE VRC DIRECTORS WHO DECIDED ON OR VOTED ON COMPENSATION ARRANGEMENTS. PRIOR TO JUNE 2024, THE ORGANIZATION PERFORMED A COMPARATIVE ANALYSIS OF OTHER LOCAL AND REGIONAL DOWNTOWN MANAGERS AND REVIEWED SALARIES FROM THE INTERNATIONAL DOWNTOWN ASSOCIATION. PROPOSED COMPENSATION WAS THEN APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, FORM 1023, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. VISIT RAPID CITY 512 MAIN ST STE 240 RAPID CITY SD 57701 821020421 REGIONAL MARKETING SD 501(C)(6) 0 RAPID CITY SPORTS COMMISSION 512 MAIN ST STE 240 RAPID CITY SD 57701 882141888 SPORTS EVENTS PROMOTION SD 501(C)(3) LINE 7 VISIT RAPID CITY 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 VISIT RAPID CITY C 10000 CASH EXPENSES PAID