Nonprofit · EIN 45-0455343
NDSU RESEARCH & TECHNOLOGY PARK INC
Tax-exempt · FARGO, ND 58102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,785,791 | $2,301,421 | -$515,630 | $16,392,349 | $8,189,190 | $8,203,159 |
| June 30, 2024 | 990 | $2,193,715 | $2,068,973 | $124,742 | $17,952,882 | $9,243,313 | $8,709,569 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $10,000
- Program service revenue
- $1,341,165
- Investment income
- $434,626
- Net gain from sales of assets
- $250
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $304,892
- Other salaries and wages
- $491,391
- Salaries, compensation and benefits (total)
- $948,419
- Professional fundraising fees
- $0
- Legal fees
- $1,670
- Accounting fees
- $38,822
- Occupancy
- $116,349
- Travel
- $40,430
- Depreciation
- $476,528
- Program services (functional)
- $1,918,670
- Management and general (functional)
- $350,560
- Fundraising (functional)
- $32,191
Balance sheet and other
- Total assets, start of year
- $17,952,882
- Total assets, end of year
- $16,392,349
- Total liabilities, end of year
- $8,189,190
- Net assets, end of year
- $8,203,159
- Land, buildings and equipment
- $6,874,031
- Publicly traded securities
- $719,315
- Net assets without donor restrictions
- $8,203,159
- Gross receipts
- $1,785,791
- Employees
- 11
- Volunteers
- 12
- Year formed
- 1999
- State of legal domicile
- ND
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brenda Wyland | Chief Executive Officer Officer | 40 | $243,206 | $53,235 |
| Jan Sobolik | Vice President - Operations Highest-paid employee | 40 | $127,682 | $49,157 |
| David Cook | President Trustee or director, Officer | 2 | $0 | $0 |
| Barry Batcheller | Secretary/Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Shane Waslaski | Assistant Secretary Trustee or director, Officer | 2 | $0 | $0 |
| David Bertolini | Director Trustee or director | 1 | $0 | $0 |
| Kathryn Birkeland | Director Trustee or director | 1 | $0 | $0 |
| Jim Albrecht | Director thru May Trustee or director | 1 | $0 | $0 |
| Dave Ekman | Director thru May Trustee or director | 1 | $0 | $0 |
| Shannon Roers-Jones | Director thru May Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jan Sobolik | Associate Director Highest-paid employee | 40 | $116,330 | $40,441 |
| Brenda Wyland | Chief Executive Officer(from Sept) Officer | 40 | $62,273 | $11,618 |
| David Cook | President Trustee or director, Officer | 2 | $0 | $0 |
| Jim Buus | Vice President (July-Sept) Trustee or director, Officer | 2 | $0 | $0 |
| Barry Batcheller | Secretary/Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Shane Waslaski | Assistant Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Colleen Fitzgerald | Chief Operating Officer (July-Aug) Trustee or director | 2 | $0 | $0 |
| Jim Albrecht | Director Trustee or director | 1 | $0 | $0 |
| Miguel Danielson | Director (July-Jan) Trustee or director | 1 | $0 | $0 |
| Dave Ekman | Director Trustee or director | 1 | $0 | $0 |
| Shannon Roers-Jones | Director Trustee or director | 1 | $0 | $0 |
| David Bertolini | Director Trustee or director | 1 | $0 | $0 |
| Kathryn Birkeland | Director (Aug-June) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1854 NDSU RESEARCH CIR N, FARGO, ND 58102-5705
- In care of
- % BRENDA L WYLAND
- Principal officer (990 for 2024)
- Brenda Wyland, 1854 NDSU Research Circle N, Fargo, ND 58102
- Signed the 990
- Brenda Wyland, Chief Executive Officer
- Phone
- (701) 499-3600
- Website
- www.ndsuresearchpark.com
- Return prepared by
- Eide Bailly LLP
Mission
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.
Program accomplishments
- 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 2024: Continued on Schedule O...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 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 two participants in the program meet on a bi-weekly basis to track how they are progressing in each phase of the program and assisting them in growing their business. One client also applied for another state funded grant program, Agricultrual Products Utilization Commission (APUC). This programs focuses on the development of new and expanded uses of North Dakota's agricultural products. The Organization assisted the client with prepped for their presentation to the Board of APUC. 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 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 Innovation Studio is open to the community, students, faculty and entrepreneurs. The Innovation Studio has played a crucial role in assisting several new companies create their prototypes and move into production. One of these clients was also a client of the Innovate ND program.In June of 2008, the Organization invested in NDSU 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 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.Expenses $1,918,670 · revenue $1,341,165
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 45-0455343
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U300)
- Assets (IRS master file)
- $16,392,349
- Income (IRS master file)
- $1,785,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,785,791 | $2,301,421 | $16,392,349 | IRS |
| 990 | June 2024 | $2,193,715 | $2,068,973 | $17,952,882 | XML |
| 990 | June 2023 | $2,124,543 | $1,681,440 | $18,723,525 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 45-0455343).
Questions about NDSU RESEARCH & TECHNOLOGY PARK INC
- What is the EIN of NDSU RESEARCH & TECHNOLOGY PARK INC?
- The employer identification number (EIN) of NDSU RESEARCH & TECHNOLOGY PARK INC is 45-0455343.
- Is NDSU RESEARCH & TECHNOLOGY PARK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to NDSU RESEARCH & TECHNOLOGY PARK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NDSU RESEARCH & TECHNOLOGY PARK 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 NDSU RESEARCH & TECHNOLOGY PARK INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NDSU RESEARCH & TECHNOLOGY PARK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NDSU RESEARCH & TECHNOLOGY PARK INC?
- The 990 for the year ended June 30, 2025 names Brenda Wyland.
- Who are the officers and directors of NDSU RESEARCH & TECHNOLOGY PARK INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $243,206 (Brenda Wyland, Chief Executive Officer).
- How much revenue does NDSU RESEARCH & TECHNOLOGY PARK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,785,791, expenses of $2,301,421 and total assets of $16,392,349 at year end.
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