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Nonprofit · EIN 20-0009589

ELEVATE FOUNDATION INC

Tax-exempt · RAPID CITY, SD 57701

Financials

$551K$161K2024
Revenue Expenses · by fiscal year end
Financials of ELEVATE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$550,546$160,525$390,021$535,936$95,947$439,989
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$550,546
of which government grants
$19,727
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$109,516
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,850
Program services (functional)
$157,709
Management and general (functional)
$2,816

Balance sheet and other

Total assets, start of year
$49,968
Total assets, end of year
$535,936
Total liabilities, end of year
$95,947
Net assets, end of year
$439,989
Net assets without donor restrictions
$389,989
Net assets with donor restrictions
$50,000
Gross receipts
$550,546
Employees
0
Volunteers
15
Year formed
2003
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
TOM JOHNSONPRESIDENT
Officer
1$0$357,649$38,629
PAULETTE DAVIDSONCHAIR
Trustee or director, Officer
0.5$0$0$0
TOM WEAVERVICE-CHAIR
Trustee or director, Officer
0.5$0$0$0
MARNE JONESTREASURER
Trustee or director, Officer
0.5$0$0$0
TODD KENNERSECRETARY
Trustee or director, Officer
0.5$0$0$0
DARREN HAARPAST CHAIR
Trustee or director
0.5$0$0$0
ALAN SOLANOBOARD MEMBER
Trustee or director
0.5$0$0$0
ANDY BARTLINGBOARD MEMBER
Trustee or director
0.5$0$0$0
BRAD HEARSTBOARD MEMBER
Trustee or director
0.5$0$0$0
REGAN BRILZBOARD MEMBER
Trustee or director
0.5$0$0$0
DICK JOHNSONBOARD MEMBER
Trustee or director
0.5$0$0$0
ERIKA BATCHELLERBOARD MEMBER
Trustee or director
0.5$0$0$0
GREG LOOSBOARD MEMBER
Trustee or director
0.5$0$0$0
HOLLY LIENBOARD MEMBER
Trustee or director
0.5$0$0$0
MAYOR JASON SALAMUNBOARD MEMBER
Trustee or director
0.5$0$0$0
1 more people on this return
NameTitleHours / weekCompensation
ZANE BRINKBOARD MEMBER
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
18 E MAIN ST, RAPID CITY, SD 57701-2949
In care of
% TERRI HAVERLY
Mailing address (990-N for 2023)
18 E Main St, Rapid City SD 57701
Principal officer (990 for 2024)
TOM JOHNSON, 18 E MAIN STREET, RAPID CITY, SD 57701
Principal officer (990-N for 2023)
Tom Johnson, PO Box 747, Rapid City SD 57709
Signed the 990
TOM JOHNSON, PRESIDENT/CEO
Phone
(605) 343-1744
Return prepared by
CASEY PETERSON LTD

Mission

TO FURTHER RESEARCH AND EDUCATION IN THE AREAS OF WORKFORCE DEVELOPMENT, ENTREPRENEURSHIP, AND ECONOMIC DEVELOPMENT THAT ELEVATE THE RAPID CITY ECONOMY FOR ALL.

990 for the year ended December 31, 2024

Program accomplishments

  • WORKFORCE DEVELOPMENT PROGRAMMING CONSISTS OF OUTREACH AND RESEARCH IN THE AREA OF ECONOMIC MOBILITY INCLUDING SUPPORTING OPPORTUNITY POPULATIONS WITH OBTAINING EMPLOYMENT, EDUCATING EMPLOYERS ABOUT THE BENEFITS OF HIRING INDIVIDUALS WHO ARE TYPICALLY LEFT OUT OF THE WORKFORCE, AND RESEARCHING METHODS OF INCREASING EMPLOYMENT AND WAGES IN THE COMMUNITY.
    Expenses $78,252 · grants $78,252
  • ECONOMIC DEVELOPMENT INCLUDES RESEARCH AND EDUCATION IN THE AREAS OF HOUSING, CHILDCARE, AND OTHER ROADBLOCKS IN COMMUNITY DEVELOPMENT. THIS IS ACCOMPLISHED THROUGH RESEARCHING THESE TOPICS IMPACTING THE COMMUNITY AND DEVELOPING WHITE PAPERS, REPORTS, AND DASHBOARDS TO EDUCATE THE BUSINESS COMMUNITY AND POPULATION AT LARGE ABOUT THE IMPORTANCE OF THESE COMMUNITY BUILDING BLOCKS TO ECONOMIC DEVELOPMENT.
    Expenses $47,928 · grants $31,264
  • ENTREPRENEURSHIP PROGRAMMING INCLUDES EDUCATION ABOUT THE VARIETY OF STARTUP SUPPORTS THAT EXIST IN THE ECOSYSTEM AS WELL AS DEVELOPMENT AND EXPLORATION OF NEW METHODS OF STARTUP SUPPORT.
    Expenses $31,529

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
20-0009589
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$535,936
Income (IRS master file)
$550,546

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$550,546$160,525$535,936XML
990-N for 2023
Officer: Tom Johnson
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2021
Officer: TOM JOHNSON
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Loni Reichert
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Loni Reichert
December 31, 2019≤ $50,000 receipts––e-Postcard

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 20-0009589).

Questions about ELEVATE FOUNDATION INC

What is the EIN of ELEVATE FOUNDATION INC?
The employer identification number (EIN) of ELEVATE FOUNDATION INC is 20-0009589.
Is ELEVATE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to ELEVATE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ELEVATE FOUNDATION INC 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 ELEVATE FOUNDATION INC 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 ELEVATE FOUNDATION INC 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 ELEVATE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names TOM JOHNSON.
Who are the officers and directors of ELEVATE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does ELEVATE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $550,546, expenses of $160,525 and total assets of $535,936 at year end.

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