Nonprofit · EIN 46-0452883
VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC
Tax-exempt · PIERRE, SD 57501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $477,993 | $293,497 | $184,496 | $791,889 | $11,973 | $779,916 |
| December 31, 2023 | 990 | $391,423 | $348,514 | $42,909 | $595,420 | $0 | $595,420 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $469,190
- of which government grants
- $366,615
- Program service revenue
- $3,552
- Investment income
- $565
- Other revenue
- $4,686
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $147,841
- Salaries, compensation and benefits (total)
- $157,007
- Professional fundraising fees
- $0
- Accounting fees
- $1,588
- Occupancy
- $8,800
- Travel
- $8,324
- Depreciation
- $2,637
- Program services (functional)
- $204,373
- Management and general (functional)
- $68,089
- Fundraising (functional)
- $21,035
Balance sheet and other
- Total assets, start of year
- $595,420
- Total assets, end of year
- $791,889
- Total liabilities, end of year
- $11,973
- Net assets, end of year
- $779,916
- Land, buildings and equipment
- $5,733
- Net assets without donor restrictions
- $694,916
- Net assets with donor restrictions
- $85,000
- Gross receipts
- $477,993
- Employees
- 1
- Volunteers
- 9
- Year formed
- 1999
- 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 |
|---|---|---|---|
| CHERI RATH | EXECUTIVE DI Highest-paid employee | 40 | $147,841 |
| HEATHER BEANER | DIRECTOR Trustee or director | 1 | $0 |
| BRENDA FORMAN | SEC/TREASURE Trustee or director, Officer | 1 | $0 |
| JOHN HORTER | DIRECTOR Trustee or director | 1 | $0 |
| JOSH KETTWIG | DIRECTOR Trustee or director | 1 | $0 |
| JON KLEINJAN | DIRECTOR Trustee or director | 1 | $0 |
| BERT ROGNESS | DIRECTOR Trustee or director | 1 | $0 |
| BRAD SEAMAN | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE SOREN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| RODNEY TOBIN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEVIN JASPERS | President Trustee or director, Officer | 1 | $0 |
| BERT ROGNESS | Director Trustee or director | 1 | $0 |
| BRENDA FORMAN | sec/treasurer Trustee or director, Officer | 1 | $0 |
| HEATHER BEANER | Director Trustee or director | 1 | $0 |
| REID CHRISTOPHERSON | Director Trustee or director | 1 | $0 |
| WAYNE SOREN | Vice President Trustee or director, Officer | 1 | $0 |
| ARDON WEK | Director Trustee or director | 0 | $0 |
| RODNEY TOBIN | Director Trustee or director | 0 | $0 |
| BRAD SEMAN | Director Trustee or director | 1 | $0 |
| CHERI RATH | EXECUTIVE DIRECTOR | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 116 E DAKOTA AVE STE B, PIERRE, SD 57501-2571
- In care of
- % CHERI RATH
- Principal officer (990 for 2024)
- WAYNE SOREN, 116 E DAKOTA AVE SUITE B, PIERRE, SD 57501
- Signed the 990
- BRENDA FORMAN, SEC/TREASURER
- Phone
- (605) 224-9402
- Website
- WWW.SDVALUEADDED.COOP
- Return prepared by
- CARLSONSV LLP
Mission
FOSTER CREATION OF VALUE-ADDED CONCEPTS.
Program accomplishments
- THE CENTER'S TECHNICAL ASSISTANCE LEADS CLIENTS THROUGH CREATION, EXPANSION, OPERATIONAL IMPROVEMENT AND FINANCING OF PRODUCER-OWNED AND OTHER VALUE-ADDED AGRIBUSINESSES. THE CENTER DELIVERS OUTREACH ACTIVITIES TO EDUCATE PRODUCERS AND OTHERS ON THE BENEFITS OF VALUE ADDED AGRICULTURE BUSINESS CONCEPTS.Expenses $204,373
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
- 46-0452883
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K20)
- Assets (IRS master file)
- $791,889
- Income (IRS master file)
- $477,993
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $477,993 | $293,497 | $791,889 | XML |
| 990 | December 2023 | $391,423 | $348,514 | $595,420 | XML |
| 990 | December 2022 | $329,442 | $339,214 | $554,712 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-0452883).
Questions about VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC
- What is the EIN of VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC?
- The employer identification number (EIN) of VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC is 46-0452883.
- Is VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2000.
- Are donations to VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER 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 VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER 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 VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER 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 VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC?
- The 990 for the year ended December 31, 2024 names WAYNE SOREN.
- Who are the officers and directors of VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $147,841 (CHERI RATH, EXECUTIVE DI).
- How much revenue does VALUE-ADDED AGRICULTURE DEVELOPMENT CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $477,993, expenses of $293,497 and total assets of $791,889 at year end.
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