Nonprofit · EIN 27-0500843
AGRICAP FUND INC
Tax-exempt · SIOUX FALLS, SD 57106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,691,972 | $52,043 | $1,639,929 | $25,490,908 | $0 | $25,490,908 |
| December 31, 2023 | 990 | $1,082,134 | $73,595 | $1,008,539 | $19,355,965 | $0 | $19,355,965 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,303,478
- Investment income
- $388,494
- Net gain from sales of assets
- -$247
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,679
- Accounting fees
- $1,918
Balance sheet and other
- Total assets, start of year
- $19,355,965
- Total assets, end of year
- $25,490,908
- Total liabilities, end of year
- $0
- Net assets, end of year
- $25,490,908
- Publicly traded securities
- $17,445,587
- Net assets without donor restrictions
- $25,490,908
- Gross receipts
- $1,777,219
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2012
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH ALVERSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DANITA MURRAY | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| ROBERT WALSH | DIRECTOR Trustee or director | 1 | $0 |
| RYAN WAGNER | DIRECTOR Trustee or director | 1 | $0 |
| DAVE ELLENS | DIRECTOR Trustee or director | 1 | $0 |
| JIM KETELHUT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEITH ALVERSON | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DANITA MURRAY | SECRETARY/TR Trustee or director, Officer | 1 | $0 |
| DAVE ELLENS | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT WALSH | DIRECTOR Trustee or director | 1 | $0 |
| RYAN WAGNER | DIRECTOR Trustee or director | 1 | $0 |
| JIM KETELHUT | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4712 S TECHNOPOLIS DR, SIOUX FALLS, SD 57106-4246
- In care of
- % TEDDI MUELLER
- Mailing address (990-N for 2011)
- 4712 S Technopolis Drive, Sioux Falls SD 57106
- Principal officer (990 for 2024)
- KEITH ALVERSON, 4712 S TECHNOPOLIS DR, SIOUX FALLS, SD 57106
- Principal officer (990-N for 2011)
- Teddi Mueller, 5112 S Woodwind Ave, Sioux Falls SD 57108
- Signed the 990
- KEITH ALVERSON, PRESIDENT
- Phone
- (605) 334-0100
- Return prepared by
- SOLUTION CPA
Mission
TO IMPROVE THE CONDITIONS, EFFICIENCY, AND ECONOMIC GROWTH IN A CHANGING AGRICULTURE ENVIRONMENT.
Program accomplishments
- THE FUND IS ORGANIZED TO: (I) IMPROVE THE CONDITIONS OF SOUTH DAKOTA CORN PRODUCERS THROUGH THE PRESERVATION AND IMPROVEMENT OF EXISTING FARM PRACTICES. (II) DEVELOP A HIGH DEGREE OF EFFICIENCY IN AGRICULTURE AND RELATED FIELDS THROUGH THE RESEARCH, DEVELOPMENT AND PROMOTION OF LIVE SCIENCES AND TECHNOLOGY. (III) PROVIDE ITS MEMBERS WITH THE OPPORTUNITY FOR LASTING ECONOMIC GROWTH IN A CHANGING AGRICULTURE ENVIRONMENT. IN ADDITION, THE FUND MAY ENGAGE IN SUCH OTHER PURPOSES AS ARE ALLOWED TO A NONPROFIT CORPORATION UNDER LAW AND AS AUTHORIZED BY THE BOARD OF DIRECTORS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0500843
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K03)
- Assets (IRS master file)
- $25,490,908
- Income (IRS master file)
- $1,777,219
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,691,972 | $52,043 | $25,490,908 | XML |
| 990 | December 2023 | $1,082,134 | $73,595 | $19,355,965 | XML |
| 990 | December 2022 | $2,597,817 | $15,798 | $18,171,706 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2011 Officer: Teddi Mueller | December 31, 2011 | ≤ $50,000 receipts | – | – | e-Postcard |
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 27-0500843).
Questions about AGRICAP FUND INC
- What is the EIN of AGRICAP FUND INC?
- The employer identification number (EIN) of AGRICAP FUND INC is 27-0500843.
- Is AGRICAP FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2009.
- Are donations to AGRICAP FUND INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does AGRICAP FUND INC 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 AGRICAP FUND INC 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 AGRICAP FUND INC 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 AGRICAP FUND INC?
- The 990 for the year ended December 31, 2024 names KEITH ALVERSON.
- Who are the officers and directors of AGRICAP FUND INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does AGRICAP FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,691,972, expenses of $52,043 and total assets of $25,490,908 at year end.
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