RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION: Single Audit Reports and Findings
RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION filed 1 single audit between 2020 and 2020; the most recently observed auditor is KETEL THORSTENSON, LLP (2020), and the 2020 report lists 2 findings, including 1 material weakness. Data as of 2026-09-14.
Data as of Sep 14, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION is recorded in RAPID CITY, South Dakota under EIN 237267019, and the Clearinghouse records it as a nonprofit.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2020 | 2020-12-31 | $2,360,629 | $750,000 | KETEL THORSTENSON, LLP | 2 | MW | 2020-12-CENSUS-0000197132 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 11.300 | INVESTMENTS FOR PUBLIC WORKS AND ECONOMIC DEVELOPMENT FACILITIES | $2,360,629 | Yes |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2020-001 | L | Material weakness | No |
| 2020-002 | L | Material weakness | No |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Most recent return
- 990 for 2023-12
- Paid preparer
- CASEY PETERSON LTD
- IRS object id
- 202401289349303010
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits RAPID CITY ECONOMIC DEVELOPMENT FOUNDATION now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “RAPID CITY ECONOMIC DEVELOPMENT FOUNDATI Single Audits.” https://getauditradar.com/single-audits/sd/rapid-city-economic-development-foundation-237267019/. Data as of 2026-09-14.