Overview

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Closed

This organization closed in 2023. It filed a final 990 indicating termination and no longer appears as active in IRS records, as it is absent from the EO Business Master File and Pub78 List.

Est.

1973

Latest Fiscal Year

Not available

Organization Type

Grantmaker

990s

990 file icon
2023
990 file icon
2022
990 file icon
2021
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AI Summary

RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION is a 501(c) grantmaker that reported $7.9K in grants paid to 2 grantees in 2023. It does not accept unsolicited proposals and makes grants by invitation only; nonprofits can explore warm-introduction pathways via Impala's Funder Prospecting.

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Mission Statement

TO IMPROVE THE QUALITY OF LIFE AND INCREASE PERSONAL INCOME LEVELS IN THE RAPID CITY AREA BY FOSTERING A VITAL BUSINESS CLIMATE WHICH PROVIDES QUALITY NEW JOBS, ATTRACTS NEW BUSINESS, HELPS EXISTING BUSINESS, AND PROMOTES ENTREPRENEURSHIP.

Cause Areas

1
Economic development
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Giving Insights

Total Funding Given
$7.9K
2023
Grantees funded
2023
N/A
Multi-year grantees (all time)
50%
Funding by Year

Top Grantees

2023
Grantee
Total Funding
Funding Share
ELEVATE RAPID CITY
Rapid City, SD
$2.1M
98%
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Grants Given

2023
Total No. of Grants
1
Median 1st year grant
$1.1M
Median 2nd year grant
$7.9K

Board & Team

T
Tom Johnson
Board Member
G
Greg Loos
Board Member
B
Brandon Lance
Board Member
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  • 41 board & team members
  • 11 historic 990s & financials
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Frequently Asked Questions

Can I submit an unsolicited grant proposal to RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION?
No. RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION does not accept unsolicited proposals. Funding is by invitation only.
Where does RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION give?
RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION primarily gives to organizations located in South Dakota. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION’s grants?
The largest share of grants from RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION fall in the $5,000 to $25 thousand range. The median first-year grant is about $1.1 million. More detailed grant size data is available to registered users.
How many grants does RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION make each year?
In 2023, RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION awarded about 1 grants, totaling nearly $7,868. More detailed grant metrics are available to registered users.
Who did RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION fund recently?
In 2023, RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION awarded grants to about 1 grantees. Recent grantees include ELEVATE RAPID CITY. More detailed information on all recent recipients is available to registered users.
How do we apply to RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION?
RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION does not accept unsolicited proposals. Funding is by invitation only.