Black Hills Rodeo Scholarship Fund Inc
Black Hills Rodeo Scholarship Fund consistently directs nearly all revenue to programs or asset growth, with minimal overhead and no executive compensation.
EIN: 202837115 · Spearfish, SD · NTEE: B82 · Updated: 2026-03-28
Is Black Hills Rodeo Scholarship Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Black Hills Rodeo Scholarship Fund Inc directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Black Hills Rodeo Scholarship Fund Inc
Black Hills Rodeo Scholarship Fund Inc (EIN: 202837115) is a nonprofit organization based in Spearfish, SD, classified under NTEE code B82. The organization reported total revenue of $5K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Black Hills Rodeo Scholarship Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Black Hills Rodeo Scholarship Fund Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, Black Hills Rodeo Scholarship Fund Inc allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers and dedicates all available funds to its mission rather than executive salaries, which is highly commendable for an organization of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Black Hills Rodeo Scholarship Fund Inc:
- Extremely low administrative and fundraising expenses, with expenses as low as $2 in 2023.
- Consistent 0% officer compensation, indicating a volunteer-driven model.
- Growing asset base, from $34,965 in 2014 to $53,460 in 2023, demonstrating financial stability.
- Consistent IRS 990 filing history over 13 periods, indicating strong transparency and compliance.
- Zero reported liabilities across all filings, suggesting excellent financial health and no debt.
Frequently Asked Questions about Black Hills Rodeo Scholarship Fund Inc
Is Black Hills Rodeo Scholarship Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Black Hills Rodeo Scholarship Fund Inc (EIN: 202837115) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Black Hills Rodeo Scholarship Fund Inc spend its money?
Black Hills Rodeo Scholarship Fund Inc directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Black Hills Rodeo Scholarship Fund Inc tax-deductible?
Black Hills Rodeo Scholarship Fund Inc is registered as a tax-exempt nonprofit (EIN: 202837115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Black Hills Rodeo Scholarship Fund Inc. a good charity?
Yes, based on the provided data, it appears to be a very good charity. It consistently reports 0% officer compensation, very low expenses relative to revenue, and a growing asset base, all of which suggest a strong focus on its mission and efficient use of funds.
How does the organization manage its expenses?
The organization manages its expenses exceptionally well, reporting extremely low expenses in recent years (e.g., $2 in 2023, $6,250 in 2022). This indicates a highly efficient operation, likely run by volunteers, with most revenue either directly funding scholarships or being retained to build assets for future program delivery.
What is the trend in the organization's assets?
The organization's assets have shown a positive growth trend, increasing from $34,965 in 2014 to $53,460 in 2023, demonstrating financial stability and an ability to build reserves for its mission.
Filing History
IRS 990 filing history for Black Hills Rodeo Scholarship Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Black Hills Rodeo Scholarship Fund Inc's revenue has declined by 64.5%, moving from $16K to $6K. Total assets increased by 85.2% over the same period, from $29K to $53K. Total functional expenses fell by 100%, from $9K to $2. In its most recent filing year (2023), Black Hills Rodeo Scholarship Fund Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $2 | $53K | $0 | — | — |
| 2022 | $12K | $6K | $48K | $0 | — | View 990 |
| 2021 | $17K | $5K | $41K | $0 | — | — |
| 2020 | $16K | $10K | $30K | $0 | — | — |
| 2019 | $0 | $9K | $24K | $0 | — | View 990 |
| 2018 | $8K | $10K | $33K | $0 | — | View 990 |
| 2017 | $8K | $11K | $34K | $0 | — | View 990 |
| 2016 | $27K | $23K | $38K | $0 | — | View 990 |
| 2015 | $20K | $21K | $34K | $0 | — | View 990 |
| 2014 | $23K | $14K | $35K | $0 | — | View 990 |
| 2013 | $17K | $15K | $26K | $0 | — | View 990 |
| 2012 | $23K | $28K | $24K | $0 | — | View 990 |
| 2011 | $16K | $9K | $29K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $2, and assets of $53K (revenue -53.6% year-over-year).
- 2022: Revenue of $12K, expenses of $6K, and assets of $48K (revenue -25.6% year-over-year).
- 2021: Revenue of $17K, expenses of $5K, and assets of $41K (revenue +3.6% year-over-year).
- 2020: Revenue of $16K, expenses of $10K, and assets of $30K.
- 2019: Revenue of $0, expenses of $9K, and assets of $24K (revenue -100.0% year-over-year).
- 2018: Revenue of $8K, expenses of $10K, and assets of $33K (revenue +12.4% year-over-year).
- 2017: Revenue of $8K, expenses of $11K, and assets of $34K (revenue -71.8% year-over-year).
- 2016: Revenue of $27K, expenses of $23K, and assets of $38K (revenue +32.5% year-over-year).
- 2015: Revenue of $20K, expenses of $21K, and assets of $34K (revenue -13.2% year-over-year).
- 2014: Revenue of $23K, expenses of $14K, and assets of $35K (revenue +37.6% year-over-year).
- 2013: Revenue of $17K, expenses of $15K, and assets of $26K (revenue -28.0% year-over-year).
- 2012: Revenue of $23K, expenses of $28K, and assets of $24K (revenue +43.3% year-over-year).
- 2011: Revenue of $16K, expenses of $9K, and assets of $29K.
Data Sources and Methodology
This transparency report for Black Hills Rodeo Scholarship Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.