South Dakota · Nonprofit
ELEVATE RAPID CITY
ELEVATE RAPID CITY (South Dakota) receives grants from 4 organizations whose IRS filings report $883,163 to it, the largest being Monument Health Rapid City Hospital Inc ($478,500). 3 of them have funded it in more than one year.
- Revenue FY2024
- $7.2M
- Funders on record
- 4
- Grants received
- $883k
- Net assets
- $31M
What Elevate Rapid City does
Mission
Elevate the rapid city region for all.
As stated on its FY2024 Form 990.
Program
As the premier western south dakota economic development organization, elevate is committed to promoting business and personal advancement through a targeted spotlight on jobs, infrastructure, and overall quality of life in and around the black hills region and the rapid city metro area. Together, we strive to embrace the heart and soul of our community through diversified growth and strong professional opportunities advocating the strengths of the black hills.
The program described on its FY2024 Form 990.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $18M to $33M (+80%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 31% · 2018 3% · 2020 33% · 2021 25% · 2022 27% · 2023 4% · 2024 74%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Paulette Davidson
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2019 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $50k → $160k.
1 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 10% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $2.2M from 2 payers (the payer shares this organization's board, largest Rapid City Economic Development Foundati). These are real filings, and they are not money ELEVATE RAPID CITY raised.
From the IRS filings of ELEVATE RAPID CITY’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
ELEVATE RAPID CITY leans on a few funders — its largest provides 54% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
98% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ELEVATE RAPID CITY.
Largest funder’s share by year: 2019 100% · 2020 100% · 2021 55% · 2022 56% · 2023 38% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
98% of ELEVATE RAPID CITY's grant income comes from South Dakota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $90k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Government funding ELEVATE RAPID CITY receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $500k on record.
- Department of Commerce$500k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like ELEVATE RAPID CITY
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In South Dakota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Governance
Footprint & structure
Part of a family of 1 related entity
- Elevate Foundation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for ELEVATE RAPID CITY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds ELEVATE RAPID CITY?
- ELEVATE RAPID CITY (South Dakota) receives grants from 4 organizations whose IRS filings report $883,163 to it, the largest being Monument Health Rapid City Hospital Inc ($478,500). 3 of them have funded it in more than one year.
- How many funders does ELEVATE RAPID CITY have?
- IRS filings report 4 organizations giving $883,163 in grants to ELEVATE RAPID CITY, 3 of which have funded it in more than one year.
- Who is the largest funder of ELEVATE RAPID CITY?
- Monument Health Rapid City Hospital Inc is the largest funder on record, with $478,500 in grants. The full list of funders is on this page.
- How can an organization like ELEVATE RAPID CITY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in South Dakota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing