2024-11-15T13:07:22-06:00 2024-06-30 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2023-07-01 450455343 NDSU Research & Technology Park NDSU 7014993600 1854 NDSU Research Circle N Fargo ND 58102 Brenda Wyland Chief Executive Officer 7014993600 2024-11-15 1 1 Lisa Chaffee CPA P00193453 7012551091 2024-11-12 2023 2024-10-15 13:58:12Z Brenda Wyland 1854 NDSU Research Circle N Fargo ND 58102 2193715 0 X www.ndsuresearchpark.com X 1999 ND To achieve successful, technology-based economic start-up entrepreneurs, high-tech businesses and the research of North Dakota State University will lead to the creation of new business ventures. 8 8 8 12 0 0 580720 613718 1072809 1125535 471014 454462 0 0 2124543 2193715 0 61201 0 0 471390 720752 0 0 23635 1210050 1287020 1681440 2068973 443103 124742 18723525 17952882 10174771 9243313 8548754 8709569 X The NDSU Research and Technology Park operates to enhance the investments in North Dakota State University by the citizens of North Dakota. Through partnerships with international, national and regional centers of excellence, high technology-based businesses, and the research community at NDSU, the Research and Technology Park will achieve successful technology based development and broaden the economic base of North Dakota.Scientific and technological advancement will be promoted through the development of facilities and research centers conducive to cutting edge research. The Park will establish an innovation accelerator unit, which offers space, facilities and services to technology-based entrepreneurs and businesses. 0 0 1749418 61201 1125535 For charitable, scientific & educational purposes primarily promoting public/private partnership, advancing research and technology development, including entrepreneurship.The following were the NDSU Research & Technology Park's (Organization) unique programs in 2023: At the Technology Incubator, the Organization continues to create an entrepreneurial culture that fosters innovation and encourages creativity. This was accomplished by providing coaching and Continued on Schedule O...mentoring services and networking events. In 2014, the Organization became an administrator for the State of North Dakota Department of Commerce (DOC) Innovate ND program. The Organization assists the DOC in growing the entrepreneurial ecosystem in North Dakota and provides support for the development of new and innovative businesses. The Organization participates in the Innovate ND program along with three other entrepreneurial centers located across the State of North Dakota. The Organization assists participants in the program with validating their product and market along with defining the value proposition and customer identification. There are two 3-month phases of the program. For this past fiscal year, the Organization met with three participants in the program meet on a bi-weekly basis to track how they are progressing in each phase of the program. The Organization collaborates with the North Dakota Small Business Development Center on many different areas to provide assistance to businesses. These are businesses in varying degrees of development. The Organization continues to assist clients located in the incubator by providing coaching and mentoring services.The Organization's cutting-edge makerspace is located in the Organization's Technology Incubator. The NDSU Innovation Studio provides an environment for students and private sector companies to develop linkages for specialized training for the development of a qualified workforce for industries in the region. Ultimately, a pipeline of future talent will be created for companies in the region. The NDSU Innovation Studio is open to the community, students, faculty and entrepreneurs. The NDSU Innovation Studio has played a crucial role in assisting several new companies to create their prototypes and move into production. In June of 2008, the Organization invested in Research Park Ventures, LLC (RPV). The partnership was incorporated for the purpose of operating a renaissance fund corporation for the City of Fargo. The purpose of the fund is to raise funds to be used to make investments in renaissance zone and research park projects and to assist in financing of renaissance zone projects in a manner that will encourage capital and real estate investment in the City of Fargo which, in return, will encourage the expansion of technology based entrepreneurial business development. The project zones are located in downtown Fargo and in the NDSU Research & Technology Park at North Dakota State University. 1749418 1 1 0 1 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 7 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 1 1 X Jan Sobolik 7014993600 1854 NDSU Research Circle N Fargo ND 58102 David Cook President 2.00 X X 0 0 0 Jim Buus Vice President (July-Sept) 2.00 X X 0 0 0 Barry Batcheller Secretary/Treasurer 2.00 X X 0 0 0 Shane Waslaski Assistant Secretary 2.00 X X 0 0 0 Colleen Fitzgerald Chief Operating Officer (July-Aug) 2.00 X 0 0 0 Jim Albrecht Director 1.00 X 0 0 0 Miguel Danielson Director (July-Jan) 1.00 X 0 0 0 Dave Ekman Director 1.00 X 0 0 0 Shannon Roers-Jones Director 1.00 X 0 0 0 David Bertolini Director 1.00 X 0 0 0 Kathryn Birkeland Director (Aug-June) 1.00 X 0 0 0 Brenda Wyland Chief Executive Officer(from Sept) 40.00 X 62273 0 11618 Jan Sobolik Associate Director 40.00 X 116330 0 40441 178603 0 52059 1 0 1 0 0 547517 66201 613718 Facility Rentals 532000 994057 994057 Subsidiary Income 900099 65439 65439 Other Supporting Reven 900099 41039 41039 Management Fee Income 561000 25000 25000 1125535 454462 454462 2193715 1125535 0 454462 61201 61201 212680 63804 127608 21268 357054 357053 1 26409 26083 280 46 85045 78392 5702 951 39564 29975 8219 1370 6033 6033 35079 35079 28408 28408 21885 21885 51250 51250 1792 1792 105343 89910 15433 21594 20308 1286 332173 332173 468670 400010 68660 20018 17085 2933 Repair & Maintenance 168506 143820 24686 Dues & Subscriptions 3175 3175 23094 23094 2068973 1749418 295920 23635 1177085 944262 50000 448310 572548 8296 5415 11907435 4556876 7304519 7350559 623384 664913 9161931 8365185 18723525 17952882 131924 167741 8435 10034412 9075572 10174771 9243313 X 8548754 8659569 50000 8548754 8709569 18723525 17952882 X 124742 38974 48688 -51589 X 0 1 X 1 0 X 463519 303368 820612 580720 613718 2781937 463519 303368 820612 580720 613718 2781937 2781937 666760 592517 524101 471014 454462 2708854 5490791 5039358 0.50670 0.45350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 10833 10833 0 Part II-B, Line 1: The NDSU Research & Technology Park hired a firm to provide consulting, lobbying and advisory services related to government affairs and policy matters. 8826114 3660474 5165640 2379936 595106 1784830 701385 301296 400089 7350559 Investment in Research Park Ventures -22769 F Investment in Direct Finance Lease 8387954 F 8365185 X 2181100 38974 14077 53051 2128049 65666 65666 2193715 2068973 0 2068973 0 2068973 Part X, Line 2: The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the consolidated financial statements. The Organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: Subsidiary Book Income per Financial Statements 14,077. Part XI, Line 4b - Other Adjustments: Subsidiary Tax Income per K-1 65,666. 1 ChippAI 17448th Street South Fargo ND 581034901 22500 0 Reimbursement thru grant program with the State of ND Trimyxs LLC 1100 19th Ave N STE J 129 Fargo ND 58102 22451 0 Reimbursement thru grant program with the State of ND Complete Creamer LLC 825 7th Ave E West Fargo ND 580782816 16250 0 Reimbursement thru grant program with the State of ND 0 3 Part I, Line 2: This is a state funded voucher reimbursement program to help North Dakota entrepreneurs further their business by supporting customer and market research. Participants in the program must demonstrate that all requirements of the program are met before expenses will be reimbursed. All expenses must be approved as eligible and the participant must show proof of payment prior to expense reimbursement. Expenses deemed ineligible will not be reimbursed. Participants must complete all phases requirements within a three month timeframe for each of the two phases. X X 0 0 0 0 0 0 0 0 0 Jan Sobolik Associate Director 116330 0 0 0 0 0 12142 0 28626 0 157098 0 0 0 Form 990, Part VI, Section A, line 1a The Executive Committee consists of the President, Vice President, Secretary/Treasurer, and Assistant Secretary. The Chief Executive Officer is an ex-officio, nonvoting member of the committee as well. The Executive Committee has general administrative powers to implement board policy and to act for the Board of Directors as necessary between meetings. They also annually approve the Chief Executive Officer's salary and benefits. Form 990, Part VI, Section B, line 11b The Form 990 was provided to the Board of Directors electronically for their review prior to being filed with the IRS. Form 990, Part VI, Section B, line 12c Annually, each employee and board member must sign and disclose interests that could give rise to conflicts. The board reviews the conflict of interest statements and determines if a conflict exists. If a conflict is identified, that individual must abstain from voting. Form 990, Part VI, Section B, line 15a The Executive Committee meets annually to approve the Chief Executive Officer's salary and benefits. The Executive Committee uses information provided by salary research and recommended guidelines for the Chief Executive Officer position. The Chief Executive Officer is not present during these deliberations. The deliberation and decision is recorded in the Executive Committee meeting summary notes. There are no other officers or key employees in the organization that receive compensation. All other staff compensation is approved during the annual budget process. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available to the public upon written request. Form 990, Part XI, line 9: Subsidiary Tax Income per K-1 -65,666. Subsidiary Book Income per Financial Statements 14,077. Research Park Ventures LLC 1854 NDSU Research Circle N Fargo ND 58102 263156160 Development ND NDSU Research & Technology Park Related 65666 -31750 1 0 1.00000 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1