Nonprofit · EIN 23-7428348
BLACK HILLS STATE UNIVERSITY FOUNDATION
Tax-exempt · SPEARFISH, SD 57799
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,930,124 | $5,269,000 | $14,661,124 | $50,669,219 | $805,525 | $49,863,694 |
| December 31, 2023 | 990 | $5,184,228 | $2,919,561 | $2,264,667 | $40,784,303 | $7,638,749 | $33,145,554 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,537,811
- Program service revenue
- $0
- Investment income
- $1,768,177
- Net rental income
- -$1,069
- Net gain from sales of assets
- $648,452
- Net income from fundraising events
- $522,087
- Net income from gaming
- $69,160
- Net income from sales of inventory
- $33,958
- Other revenue
- $624,136
Expenses
- Grants and similar amounts paid
- $3,061,918
- Other salaries and wages
- $11,495
- Salaries, compensation and benefits (total)
- $12,910
- Professional fundraising fees
- $0
- Accounting fees
- $110,822
- Occupancy
- $94,369
- Travel
- $196,091
- Depreciation
- $35,024
- Program services (functional)
- $4,648,920
- Management and general (functional)
- $529,382
- Fundraising (functional)
- $90,698
Balance sheet and other
- Total assets, start of year
- $40,784,303
- Total assets, end of year
- $50,669,219
- Total liabilities, end of year
- $805,525
- Net assets, end of year
- $49,863,694
- Land, buildings and equipment
- $3,199,976
- Publicly traded securities
- $35,840,309
- Net assets without donor restrictions
- $6,068,883
- Net assets with donor restrictions
- $43,794,811
- Gross unrelated business income
- -$11,469
- Gross receipts
- $26,307,395
- Employees
- 5
- Volunteers
- 42
- Year formed
- 1975
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHY J JOHNSON | VP OF FINANC Highest-paid employee | 1 | $0 | $208,974 | $41,157 |
| STEVE MEEKER | EXEC VICE PR Officer | 27 | $0 | $206,624 | $40,816 |
| DAMIAN EDERHOFF | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM MORAVEC | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAY SCHALLENKAMP | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SANDRA ADDY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHRYN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARLA BARNARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TASHI BRAUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TAMARA BURKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARIN DOUGLAS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JUDY DRYDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GARY JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG KATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
30 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LES LINDSKOV | BOARD MEMBER Trustee or director | 1 | $0 |
| RON MEEKER | BOARD MEMBER Trustee or director | 1 | $0 |
| DARYL JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSAN PETERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE BENEDICT | BOARD MEMBER Trustee or director | 1 | $0 |
| NEIL GRANDBOUCHE | BOARD MEMBER Trustee or director | 1 | $0 |
| RON JUNEK | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM ALCORN | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE KAITFORS | BOARD MEMBER Trustee or director | 1 | $0 |
| FORREST BRADY | BOARD MEMBER Trustee or director | 1 | $0 |
| DANA DYKHOUSE | BOARD MEMBER Trustee or director | 1 | $0 |
| DAN GREEN | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT WALTERS RESIGNED 42025 | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN HECK PASSED AWAY 12025 | BOARD MEMBER Trustee or director | 1 | $0 |
| BILL HUGHES PASSED AWAY 32025 | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM PENTON | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRY KELLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVE LITTLE | BOARD MEMBER Trustee or director | 1 | $0 |
| BETH MATHIS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID MICKELSON | BOARD MEMBER Trustee or director | 1 | $0 |
| ASHLEY PEARSON | BOARD MEMBER Trustee or director | 1 | $0 |
| BETH BENNING | BOARD MEMBER Trustee or director | 1 | $0 |
| STAN TRIPLETT | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT GRASLIE | BOARD MEMBER Trustee or director | 1 | $0 |
| BOB YOUNG | BOARD MEMBER Trustee or director | 1 | $0 |
| DILLON HAUG | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE OLSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JULIE PECHOTA | BOARD MEMBER Trustee or director | 1 | $0 |
| JUSTIN VARLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| RYAN WORDEMAN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KATHY J JOHNSON | VP OF FINANC Highest-paid employee | 1 | $0 | $199,345 | $40,171 |
| STEVE MEEKER | EXEC VICE PR Officer | 27 | $0 | $187,272 | $38,383 |
| DAMIAN EDERHOFF | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JIM MORAVEC | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BETH BENNING | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SANDRA ADDY | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHRYN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARLA BARNARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TASHI BRAUN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TAMARA BURKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| VINCENT GRAVELLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JUDY DRYDEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| GARY JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CRAIG KATT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| LES LINDSKOV | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RON MEEKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DARYL JOHNSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| WAYNE MUNDT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE BENEDICT | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE OLSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JULIE PECHOTA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JUSTIN VARLAND | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RYAN WORDEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 UNIVERSITY ST UNIT 9506, SPEARFISH, SD 57799-1725
- Principal officer (990 for 2024)
- STEVE MEEKER, 1200 UNIVERSITY STREET UNIT 9506, SPEARFISH, SD 57799
- Signed the 990
- STEVE MEEKER, EXEC VICE PRESIDENT
- Phone
- (605) 642-6220
- Website
- WWW.BHSU.EDU
- Return prepared by
- KETEL THORSTENSON LLP
Mission
TO PROVIDE PRIVATE GIFT SUPPORT FOR BHSU. THE FOUNDATION'S 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.
Program accomplishments
- PROVIDE SCHOLARSHIPS AND AWARDS TO STUDENTS OF BLACK HILLS STATE UNIVERSITY. THE ORGANIZATION AWARDED 962 SCHOLARSHIPS.Expenses $2,794,034 · grants $2,794,034
- INSTITUTIONAL SUPPORT OF MANAGEMENT AND SPECIAL PROJECTS RELATED TO BLACK HILLS STATE UNIVERSITY.Expenses $1,760,623 · grants $266,680
- DEVELOP AND MAINTAIN RELATIONSHIPS WITH ALUMNI OF BHSU.Expenses $94,263 · grants $1,204
- PRESIDENTIAL SUPPORT
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7428348
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $50,669,219
- Income (IRS master file)
- $26,307,395
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,930,124 | $5,269,000 | $50,669,219 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,184,228 | $2,919,561 | $40,784,303 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,334,811 | $2,003,963 | $32,932,668 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7428348).
Questions about BLACK HILLS STATE UNIVERSITY FOUNDATION
- What is the EIN of BLACK HILLS STATE UNIVERSITY FOUNDATION?
- The employer identification number (EIN) of BLACK HILLS STATE UNIVERSITY FOUNDATION is 23-7428348.
- Is BLACK HILLS STATE UNIVERSITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to BLACK HILLS STATE UNIVERSITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLACK HILLS STATE UNIVERSITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BLACK HILLS STATE UNIVERSITY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK HILLS STATE UNIVERSITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BLACK HILLS STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended December 31, 2024 names STEVE MEEKER.
- Who are the officers and directors of BLACK HILLS STATE UNIVERSITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 45 people; 0 received compensation from the organization.
- How much revenue does BLACK HILLS STATE UNIVERSITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,930,124, expenses of $5,269,000 and total assets of $50,669,219 at year end.
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