RAPID CITY PUBLIC SCHOOL FOUNDATION

EIN: 460423172 501(c)(3)

RAPID CITY, SD

Total Revenue
$116,018
Total Expenses
$149,209
Total Assets
$1,188,144
Net Assets
$1,188,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
SD
Principal Officer
SARA HORNICK
Phone
6057216330
Tax Period
2024-07-01 to 2025-06-30

RAPID CITY PUBLIC SCHOOL FOUNDATION, founded in 1993, is a small nonprofit that reported $116K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $149K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO ENCOURAGE COMMUNITY AND BUSINESS INVOLVEMENT IN PUBLIC EDUCATION. ALSO, IT ESTABLISHES GRANTS FOR TEACHERS AND SCHOOLS TO ENCOURAGE INNOVATION AND CREATIVITY IN THE CLASSROOM.

Program Service Accomplishments

Program 1
Expenses: $110,065

THE ORGANIZATION'S EXEMPT PURPOSE IS TO ENCOURAGE COMMUNITY AND BUSINESS INVOLVEMENT IN PUBLIC EDUCATION. ALSO, IT ESTABLISHES GRANTS FOR TEACHERS AND SCHOOLS TO ENCOURAGE INNOVATION AND CREATIVITY...

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THE ORGANIZATION'S EXEMPT PURPOSE IS TO ENCOURAGE COMMUNITY AND BUSINESS INVOLVEMENT IN PUBLIC EDUCATION. ALSO, IT ESTABLISHES GRANTS FOR TEACHERS AND SCHOOLS TO ENCOURAGE INNOVATION AND CREATIVITY IN THE CLASSROOM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $88,707
Program Service Revenue $0
Investment Income $27,311
Other Revenue $0
TOTAL REVENUE $116,018

Expense Breakdown

Grants Paid $90,215
Salaries & Benefits $30,382
Fundraising Expenses $9,115
Program Expenses $110,065
Other Expenses $28,612
TOTAL EXPENSES $149,209

Year-over-Year Comparison

2024 2023 Change
Revenue $116,018 $125,543 -0.1%
Expenses $149,209 $193,175 -0.2%
Net Income $-33,191 $-67,632 -0.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
1
Volunteers
17

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
5
$30,000
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARA HORNICK EXECUTIVE DI 20.00
Officer
$30,000 $0 $30,000
ANN O'CONNELL PRESIDENT 2.00
Officer Director
$0 $0 $0
SHANNON BREN VICE PRESIDE 2.00
Officer Director
$0 $0 $0
LAURA NEUMANN TREASURER 2.00
Officer Director
$0 $0 $0
LARA ROETZEL SECRETARY 2.00
Officer Director
$0 $0 $0
BOB CHALBERG DIRECTOR 2.00
Director
$0 $0 $0
TRAVIS FREDERICKSON DIRECTOR 2.00
Director
$0 $0 $0
DAVE SWANK DIRECTOR 2.00
Director
$0 $0 $0
OLIVER HASSE DIRECTOR 2.00
Director
$0 $0 $0
JEAN PETEREIT DIRECTOR 2.00
Director
$0 $0 $0
MATT MCCORMICK DIRECTOR 2.00
Director
$0 $0 $0
KONNIE SORENSON DIRECTOR 2.00
Director
$0 $0 $0
KATY URBAN DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL BIRKELAND DIRECTOR 2.00
Director
$0 $0 $0
GRETCHEN BURKE DIRECTOR 2.00
Director
$0 $0 $0
BETH KEENEY DIRECTOR 2.00
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 $116,018 $149,209 $1,188,144 $-33,191
2024 $125,543 $193,175 $1,145,921 $-67,632
2023 $474,313 $78,552 $1,105,567 $395,761
2022 $56,616 $70,157 $665,177 $-13,541
2021 $107,617 $61,729 $760,851 $45,888
2020 $61,398 $64,984 $642,104 $-3,586
2019 $60,344 $68,624 $633,185 $-8,280
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