2024-11-15T09:26:06-06:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 462693612 UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC UNIV 6052758010 4800 N CAREER AVE 100 SIOUX FALLS SD 57107 JAMES ABBOTT INTERIM PRESIDENT 6052758010 2024-11-14 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-11-13 2023 2024-10-15 13:58:12Z USD DISCOVERY DISTRICT JAMES ABBOTT 4800 N CAREER AVE 100 SIOUX FALLS SD 57107 3795139 0 X WWW.USDDISCOVERY.COM X 2012 SD TO GROW UNIVERSITY RESEARCH CAPACITY, RESOURCES AND TALENT AND CONNECT CORE UNIVERSITY ACTIVITIES WITH PRIVATE SECTOR RESOURCES AND COMPANIES. 11 9 0 13 0 0 4675000 3595238 0 0 6281 181079 18822 18822 4700103 3795139 0 0 0 0 0 0 0 0 0 171926 234434 171926 234434 4528177 3560705 7803121 12986266 329103 1925836 7474018 11060430 X TO FOSTER ECONOMIC DEVELOPMENT BY:- GROWING UNIVERSITY RESEARCH CAPACITY, RESOURCES, AND TALENT- CONNECTING THESE CORE UNIVERSITY ACTIVITIES WITH PRIVATE SECTOR RESOURCES AND COMPANIES- FOSTERING ECONOMIC AND WORKFORCE DEVELOPMENT THROUGH SUPPORTING COMMERCIALIZATION AND ENTREPRENEURSHIP PROGRAMMING- FACILITATING THE CREATION OF THE PHYSICAL INFRASTRUCTURE NECESSARY TO SUPPORT CREATION AND ATTRACTION OF RESEARCH AND INNOVATION-BASED BUSINESS 0 0 198549 THE ORGANIZATION CONTINUED THE PLANNING, DESIGN, AND CONSTRUCTION OF THE FIRST BUILDING AT THE USD RESEARCH PARK, INC. THE BUILDING PROJECT IS FUNDED BY $15 MILLION AWARDED FROM THE STATE OF SOUTH DAKOTA AND $4 MILLION AWARDED FROM THE CITY OF SIOUX FALLS, RESTRICTED TO THE PLANNING, DESIGN, AND CONSTRUCTION OF BUILDING 1. 198549 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 1 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X RYAN OINES 6057287926 4800 N CAREER AVE STE 100 SIOUX FALLS SD 57107 JAMES ABBOTT INTERIM PRESIDENT 20.00 0.00 X X 0 0 0 SHEILA GESTRING CHAIR 1.00 40.00 X X 0 397111 71155 BOB SUTTON VICE CHAIR (JAN-JUN) 1.00 1.00 X X 0 0 0 DEB PETERS SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 DR BRIAN MAHER DIRECTOR (JAN-JUN) 1.00 40.00 X 0 158451 16295 DR DAVE KAPASKA DIRECTOR (JAN-JUN) 1.00 0.00 X 0 0 0 MARK MICKELSON DIRECTOR 1.00 0.00 X 0 0 0 KIM PATRICK DIRECTOR 1.00 0.00 X 0 0 0 PAUL TENHAKEN DIRECTOR 1.00 0.00 X 0 0 0 TIM RAVE DIRECTOR 1.00 0.00 X 0 0 0 BOBBIE TIBBETTS DIRECTOR 1.00 0.00 X 0 0 0 MICHELLE BRUHN DIRECTOR (JAN-JUN) 1.00 0.00 X 0 0 0 NATHAN PETERSON DIRECTOR (JUN-DEC) 1.00 0.00 X 0 0 0 MATT MICHELS DIRECTOR (JUN-DEC) 1.00 0.00 X 0 0 0 NATHAN LUKKES DIRECTOR (JUN-DEC) 1.00 40.00 X 0 262418 37339 0 817980 124789 0 0 1 0 MCGOUGH CONSTRUCTION 2737 FAIRVIEW AVE N ST PAUL MN 55113 CONSTRUCTION MANAGER AT-RISK 1168760 ISG INC 115 E HICKORY ST MANKATO MN 56001 ARCHITECTURE & ENGINEER 981762 UNIVERSITY OF SOUTH DAKOTA 414 E CLARK ST VERMILLION SD 57069 MANAGEMENT/ OPERATIONS 163267 3 3016488 153750 425000 3595238 181079 181079 18822 0 18822 18822 18822 3795139 0 0 199901 X 163267 130614 32653 99 99 3133 3133 39977 39977 639 639 4022 4022 2909 2909 5553 5553 3176 3176 1576 1576 6516 6516 DUES & SUBSCRIPTIONS 3567 3567 234434 198549 35885 0 33334 0 5306672 5779712 52083 1848942 5892 6635 5350977 0 2405140 5350977 7803121 12986266 21343 1918727 3749 3749 304011 3360 329103 1925836 X 5068878 5709453 2405140 5350977 0 0 7474018 11060430 7803121 12986266 3560705 25707 0 X 0 0 0 X 2598394 1483350 700000 4675000 3595238 13051982 2598394 1483350 700000 4675000 3595238 13051982 904892 12147090 152296 55048 21045 25103 199901 453393 13505375 0.89940 0.87830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 5350977 5350977 5350977 0 0 0 0 0 0 0 0 0 SHEILA GESTRING CHAIR 0 397111 0 0 0 0 0 30328 0 44788 0 472227 0 0 NATHAN LUKKES DIRECTOR (JUN-DEC) 0 262418 0 0 0 0 0 26512 0 11520 0 300450 0 0 DR BRIAN MAHER DIRECTOR (JAN-JUN) 0 158451 0 0 0 0 0 11359 0 6790 0 176600 0 0 SCHEDULE J, PART II THE CHAIR AND DIRECTORS LISTED IN PART II ARE EMPLOYED BY A RELATED ORGANIZATION, SOUTH DAKOTA BOARD OF REGENTS. UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK RELIED ON THE RELATED ORGANIZATION FOR DETERMINING THE COMPENSATION FOR THE CHAIR USING THE METHODS DESCRIBED IN PART I, LINE 3. COMPENSATION FOR SHEILA GESTRING IS PRIMARILY FOR HER SERVICES AS PRESIDENT OF THE UNIVERSITY OF SOUTH DAKOTA. COMPENSATION FOR DR. BRIAN MAHER AND NATHAN LUKKES IS PRIMARILY FOR THEIR SERVICES TO SOUTH DAKOTA BOARD OF REGENTS. FORM 990, PART IV, LINE 12A AN AUDIT IS IN PROCESS BUT HAS NOT YET BEEN COMPLETED AS OF THE DATE OF FILING THE 990. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THREE OR MORE DIRECTORS, INCLUDING THE CHAIR OF THE BOARD OF DIRECTORS. FROM JULY TO DECEMBER 2023, THE COMMITTEE HAD ONE VACANT POSITION, BUT THE ORGANIZATION IS ACTIVELY WORKING TO FILL THE VACANCY. IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS EXCEPT TO AMEND THE BYLAWS OR AS OTHERWISE PROVIDED BY LAW. ALL ACTS DONE AND POWERS AND AUTHORITY CONFERRED BY THE EXECUTIVE COMMITTEE FROM TIME TO TIME WITHIN THE SCOPE OF ITS AUTHORITY SHALL BE, AND MAY BE DEEMED TO BE, AND MAY BE CERTIFIED AS BEING, THE ACT AND UNDER THE AUTHORITY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 BRIAN MAHER, SHEILA GESTRING, NATHAN LUKKES, AND TIM RAVE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 IN JULY 2021, JAMES ABBOTT TOOK OVER AS INTERIM PRESIDENT, BUT IS NOT COMPENSATED FOR HIS POSITION. DURING 2023, THE ORGANIZATION HAD AN AGREEMENT WITH THE UNIVERSITY OF SOUTH DAKOTA TO PROVIDE MANAGEMENT SERVICES. THE AGREEMENT IS A VARIABLE FEE AGREEMENT BASED ON TOTAL HOURS OF SERVICE PROVIDED AT AN HOURLY RATE. FORM 990, PART VI, SECTION A, LINE 6 THE SOUTH DAKOTA BOARD OF REGENTS IS THE ONLY MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER APPOINTS MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT AND PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS AND PRINCIPAL OFFICERS. THE BOARD OR COMMITTEE MAKES THE CONFLICT OF INTEREST DETERMINATION. ANY PERSON WITH A CONFLICT MUST LEAVE THE MEETING AND ABSTAIN FROM ANY BOARD ACTIONS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 39,977. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,977. USDRP BETA LLC 4800 N CAREER AVE SUITE 100 SIOUX FALLS SD 57107 841990023 DEVELOPMENT SD 0 0 USD RESEARCH PARK INC SOUTH DAKOTA BOARD OF REGENTS 306 EAST CAPITOL AVE STE 200 PIERRE SD 57501 466000364 GOVERN THE SYSTEM OF PUBLIC HIGHER EDUCATION IN THE STATE OF SOUTH DAKOTA SD N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0