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IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 20-2506183

RESEARCH PARK AT SDSU

Tax-exempt · BROOKINGS, SD 57006

Financials

$2.3M$769K2021$4M$1.3M2023$1.7M$1.8M2024
Revenue Expenses · by fiscal year end
Financials of RESEARCH PARK AT SDSU by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,687,046$1,815,938-$128,892$38,692,495$694,157$37,998,338
December 31, 2023990$3,954,668$1,319,463$2,635,205$38,823,631$677,556$38,146,075
December 31, 2021990$2,332,482$768,834$1,563,648$19,673,846$1,429,657$18,244,189
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,301,425
of which government grants
$1,301,425
Program service revenue
$385,621
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$190,325
Salaries, compensation and benefits (total)
$203,461
Professional fundraising fees
$0
Occupancy
$158,749
Travel
$18,017
Depreciation
$808,093
Program services (functional)
$1,622,153
Management and general (functional)
$193,785

Balance sheet and other

Total assets, start of year
$38,823,631
Total assets, end of year
$38,692,495
Total liabilities, end of year
$694,157
Net assets, end of year
$37,998,338
Land, buildings and equipment
$27,518,680
Net assets without donor restrictions
$29,008,836
Net assets with donor restrictions
$8,989,502
Gross receipts
$1,687,046
Employees
1
Volunteers
9
Year formed
2004
State of legal domicile
SD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DWAINE CHAPELCEO/EXECUTIVE DIRECTOR/SEC
Officer
40$185,000$5,325
JAY BENDERCHAIRMAN
Trustee or director, Officer
0.5$0$0
OPE NIEMEYERVICE CHAIRMAN
Trustee or director, Officer
0.5$0$0
DR BARRY DUNNBOARD MEMBER
Trustee or director
0.5$0$0
KEVIN TETZLAFFBOARD MEMBER
Trustee or director
0.5$0$0
LARRY TIDEMANNBOARD MEMBER
Trustee or director
0.5$0$0
RYAN KROGMANBOARD MEMBER
Trustee or director
0.5$0$0
JEFF PATRIDGEBOARD MEMBER
Trustee or director
0.5$0$0
TONY VANHUIZENBOARD MEMBER
Trustee or director
0.5$0$0
JIM MORGANBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
DWAINE CHAPELCEO/EXECUTIVE DIRECTOR/SEC-TREAS
Officer
40$170,130$5,160
JAY BENDERCHAIRMAN
Trustee or director, Officer
0.5$0$0
OPE NIEMEYERVICE CHAIRMAN
Trustee or director, Officer
0.5$0$0
DR BARRY DUNNBOARD MEMBER
Trustee or director
0.5$0$0
KEVIN TETZLAFFBOARD MEMBER
Trustee or director
0.5$0$0
LARRY TIDEMANNBOARD MEMBER
Trustee or director
0.5$0$0
DR AL KURTENBACHBOARD MEMBER
Trustee or director
0.5$0$0
RYAN KROGMANBOARD MEMBER
Trustee or director
0.5$0$0
JEFF PATRIDGEBOARD MEMBER (BEG JUNE 2023)
Trustee or director
0.5$0$0
TONY VANHUIZENBOARD MEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2021: 12 people
NameTitleHours / weekCompensation
DWAINE CHAPELCEO/EXECUTIVE DIRECTOR
Officer
40$150,870
JAY BENDERCHAIRMAN
Trustee or director, Officer
0.5$0
KEITH CORBETTVICE CHAIRMAN (UNTIL APRIL)
Trustee or director, Officer
0.5$0
JIM MORGANBOARD MEMBER (UNTIL APRIL)
Trustee or director
0.5$0
DR BARRY DUNNBOARD MEMBER
Trustee or director
0.5$0
KEVIN TETZLAFFBOARD MEMBER
Trustee or director
0.5$0
LARRY TIDEMANNBOARD MEMBER
Trustee or director
0.5$0
DR AL KURTENBACHBOARD MEMBER
Trustee or director
0.5$0
RYAN KROGMANBOARD MEMBER
Trustee or director
0.5$0
TIM REEDBOARD MEMBER (UNTIL APRIL)
Trustee or director
0.5$0
OPE NIEMEYERBOARD MEMBER (BEGIN APRIL)
Trustee or director
0.5$0
TONY VENHUIZENBOARD MEMBER (BEGIN APRIL)
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
2301 RESEARCH PARKWAY, BROOKINGS, SD 57006-0000
In care of
% DWAINE CHAPEL
Principal officer (990 for 2024)
JAY BENDER, 2301 RESEARCH PARK WAY 146, BROOKINGS, SD 57006
Signed the 990
JAY BENDER, CHAIRMAN
Phone
(605) 696-5600
Return prepared by
EIDE BAILLY LLP

Mission

THE SDSU GROWTH PARTNERSHIP, LTD IS DEDICATED TO SERVE THE BROOKINGS AREA, THE STATE OF SOUTH DAKOTA AND ADJACENT COMMUNITIES AND STATES. TO ACCOMPLISH THIS GOAL, A LONG-TERM DEVELOPMENT STRATEGY HAS BEEN INCORPORATED THAT WILL, OVER DECADES, BUILD UP AN ECONOMIC BASE OF NEWLY DEVELOPED TECHNOLOGIES AND BUSINESSES WHICH WILL EXPAND THROUGHOUT THE REGION AND STATE OF SOUTH DAKOTA. THE RESEARCH PARK WILL CONTINUE TO EXPAND WITH ADDITIONAL BUILDINGS AND RESEARCH PROJECTS, ENHANCING THE ECONOMIC WELL-BEING OF THE CITY OF BROOKINGS AND ITS SURROUNDING AREAS AND IMPROVE ITS QUALITY OF LIFE AND PROSPERITY. THE WHOLE INTENT OF THE PARK IS TO EXPAND AND COMMERCIALIZE UNIVERSITY AND LOCAL INNOVATION. JOB CREATION, EMPLOYEE WEALTH, AND NEW BUSINESS DEVELOPMENT ARE CORE PILLARS TO THE ORGANIZATION.

990 for the year ended December 31, 2024

Program accomplishments

  • THE SOLE PURPOSE IN CREATING AND DEVELOPING THE RESEARCH PARK IS TO GROW RESEARCH IN THE STATE OF SOUTH DAKOTA. IT WILL BENEFIT THE SCIENTIFIC AND EDUCATIONAL PROGRAMS OF SDSU. THIS IS ACCOMPLISHED BY SUPPORTING EFFORTS TO APPLY LEARNING AND RESEARCH TO CREATE ECONOMIC OPPORTUNITIES. THE RESEARCH PARK THROUGH THE BROOKINGS INNOVATION CENTER PROVIDES START-UP BUSINESSES WITH ACCESS TO SEASONED ENTREPRENEURS. THE RESIDENT ENTREPRENEURS INCLUDE ORGANIZATIONS SUCH AS COPYRIGHT AND TRADEMARK ATTORNEYS; A FULL TIME CPA; PROOF OF CONCEPT FUNDS - ANGEL FUNDS - VENTURE CAPITAL FUNDS; AND ACCESS TO BUSINESS PLANS, MARKET PLANS AND FINANCIAL PROJECTIONS. THIS PAST YEAR THE BROOKINGS INNOVATION CENTER AND RESEARCH PARK STAFF CONTINUE TO ASSIST UNIVERSITY, COMMUNITY, AND REGIONAL STARTUPS. THE TEAM ALSO WORKS WITH INDUSTRY PARTNERS THAT WISH TO BE LOCATED IN THE RESEARCH PARK. THE RESEARCH PARK STAFF HAVE ADDED SEVERAL NEW STARTUPS THAT ARE RECEIVING ASSISTANCE.
    Expenses $1,622,153 · revenue $385,621

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-2506183
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B99)
Assets (IRS master file)
$38,692,495
Income (IRS master file)
$1,687,046

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,687,046$1,815,938$38,692,495XML
990December 2023$3,954,668$1,319,463$38,823,631XML
990December 2022$17,830,188$863,719$37,700,692IRS
990December 2021$2,332,482$768,834$19,673,846XML
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2506183).

Questions about RESEARCH PARK AT SDSU

What is the EIN of RESEARCH PARK AT SDSU?
The employer identification number (EIN) of RESEARCH PARK AT SDSU is 20-2506183.
Is RESEARCH PARK AT SDSU tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to RESEARCH PARK AT SDSU tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RESEARCH PARK AT SDSU file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RESEARCH PARK AT SDSU due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RESEARCH PARK AT SDSU last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RESEARCH PARK AT SDSU?
The 990 for the year ended December 31, 2024 names JAY BENDER.
Who are the officers and directors of RESEARCH PARK AT SDSU?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $185,000 (DWAINE CHAPEL, CEO/EXECUTIVE DIRECTOR/SEC).
How much revenue does RESEARCH PARK AT SDSU have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,687,046, expenses of $1,815,938 and total assets of $38,692,495 at year end.

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