Black Hills State University Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,926,287 | 1,908,237 | 2,018,050 | 165.3 | 2% |
| 2021 | 3,440,272 | 1,841,165 | 1,599,107 | 196.2 | 1% |
| 2022 | 4,334,811 | 2,003,963 | 2,330,848 | 170.3 | 1% |
| 2023 | 5,184,228 | 2,919,561 | 2,264,667 | 136.2 | 0% |
In its most recent public year (2023), this organization brought in $2,264,667 more than it spent. Its reserves stood at about 136.2 months of spending, down from 165.3 in 2020. Staff pay was 0% of spending. $29,178,598 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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