ALLY DAKOTA DEVELOPMENT INC

EIN: 460361483

RAPID CITY, SD

Total Revenue
$3,918,457
Total Expenses
$1,067,966
Total Assets
$5,970,242
Net Assets
$5,584,009
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
SD
Principal Officer
FRANCES WHITE
Phone
6053475837
Tax Period
2024-10-01 to 2025-09-30

BLACK HILLS COMMUNITY ECONOMIC DEVELOPMENT INC, founded in 1981, is a small nonprofit that reported $529K in total revenue in fiscal year 2017. Expenses of $450K left a modest 15% surplus.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN THE STATE OF SOUTH DAKOTA AND THE RAPID CITY/BLACK HILLS REGIONAL TRADE ZONE WITHIN A 200 MILE RADIUS TO INCLUDE CONTIGUOUS COUNTIES IN NEBRASKA AND WYOMING AND PROVIDE TECHNICAL ASSISTANCE TO AID IN ECONOMIC BASE EXPANSION INCLUDING THE ADMINISTRATION OF A REVOLVING LOAN PROGRAM.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,840,794
Program Service Revenue $996,428
Investment Income $81,223
Other Revenue $12
TOTAL REVENUE $3,918,457

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,062,966
TOTAL EXPENSES $1,067,966

Year-over-Year Comparison

2024 2023 Change
Revenue $3,918,457 $600,263 +5.5%
Expenses $1,067,966 $600,188 +0.8%
Net Income $2,850,491 $75 +38005.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCES WHITE EXECUTIVE DI 40.00
Officer
$0 $0 $0
MATT WALTERS PRESIDENT 1.00
Officer Director
$0 $0 $0
BEN HANSON VICE PRESIDE 1.00
Officer Director
$0 $0 $0
KAYCE GERLACH SECRETARY/TR 1.00
Officer Director
$0 $0 $0
BOBBIE BOHLEN BOARD MEMBER 1.00
Director
$0 $0 $0
CANDI THOMSON BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES MORTENSEN BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA FALKEN BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN DIETZ BOARD MEMBER 1.00
Director
$0 $0 $0
KORY MENKEN BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL MOORE BOARD MEMBER 1.00
Director
$0 $0 $0
PETER KOTTWITZ BOARD MEMBER 1.00
Director
$0 $0 $0
SPENCER WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
TIM WALTER BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,918,457 $1,067,966 $5,970,242 $2,850,491
2024 $600,263 $600,188 $2,835,646 $75
2023 $538,388 $501,511 $2,814,410 $36,877
2022 $972,630 $617,095 $2,883,121 $355,535
2021 $1,560,203 $692,109 $2,495,222 $868,094
2020 $653,661 $601,010 $1,601,976 $52,651
2019 $541,377 $516,060 $1,534,066 $25,317
2018 $529,092 $450,001 $1,467,167 $79,091
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