Nonprofit · EIN 46-2693612
UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC
Tax-exempt · SIOUX FALLS, SD 57107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,373,226 | $306,031 | $10,067,195 | $22,733,061 | $1,605,436 | $21,127,625 |
| December 31, 2023 | 990 | $3,795,139 | $234,434 | $3,560,705 | $12,986,266 | $1,925,836 | $11,060,430 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,029,714
- of which government grants
- $153,750
- Program service revenue
- $0
- Investment income
- $244,407
- Net rental income
- $19,699
- Other revenue
- $99,105
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,513
- Occupancy
- $20,926
- Travel
- $14,958
- Program services (functional)
- $265,628
- Management and general (functional)
- $40,403
Balance sheet and other
- Total assets, start of year
- $12,986,266
- Total assets, end of year
- $22,733,061
- Total liabilities, end of year
- $1,605,436
- Net assets, end of year
- $21,127,625
- Land, buildings and equipment
- $16,314,623
- Gross receipts
- $10,373,226
- Employees
- 0
- Volunteers
- 10
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHEILA GESTRING | CHAIR Trustee or director, Officer | 0.1 | $0 | $411,206 | $42,513 |
| NATHAN LUKKES | DIRECTOR Trustee or director | 0.1 | $0 | $285,296 | $40,499 |
| JAMES ABBOTT | INTERIM PRESIDENT Trustee or director | 20 | $0 | $0 | $0 |
| DEB PETERS | TREASURER Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| MARK MICKELSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KIM PATRICK | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| PAUL TENHAKEN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| TIM RAVE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| BOBBIE TIBBETTS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KATHRYN POHLSON | DIRECTOR (BEG MAY 2024) Trustee or director | 0.1 | $0 | $0 | $0 |
| MATT MICHELS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NATHAM PETERSON | DIRECTOR (UNTIL MAR 2024) Trustee or director | 0.1 | $0 | $0 | $0 |
| RYAN OINES | CHIEF OPERATING OFFICER Officer | 40 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SHEILA GESTRING | CHAIR Trustee or director, Officer | 1 | $0 | $397,111 | $71,155 |
| NATHAN LUKKES | DIRECTOR (JUN-DEC) Trustee or director | 1 | $0 | $262,418 | $37,339 |
| DR BRIAN MAHER | DIRECTOR (JAN-JUN) Trustee or director | 1 | $0 | $158,451 | $16,295 |
| JAMES ABBOTT | INTERIM PRESIDENT Trustee or director, Officer | 20 | $0 | $0 | $0 |
| BOB SUTTON | VICE CHAIR (JAN-JUN) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DEB PETERS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR DAVE KAPASKA | DIRECTOR (JAN-JUN) Trustee or director | 1 | $0 | $0 | $0 |
| MARK MICKELSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM PATRICK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAUL TENHAKEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM RAVE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BOBBIE TIBBETTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MICHELLE BRUHN | DIRECTOR (JAN-JUN) Trustee or director | 1 | $0 | $0 | $0 |
| NATHAN PETERSON | DIRECTOR (JUN-DEC) Trustee or director | 1 | $0 | $0 | $0 |
| MATT MICHELS | DIRECTOR (JUN-DEC) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4600 W NOBEL ST STE 102, SIOUX FALLS, SD 57107-0884
- Principal officer (990 for 2024)
- RYAN OINES, 4600 W NOBEL STREET STE 102, SIOUX FALLS, SD 57107
- Signed the 990
- RYAN OINES, PRESIDENT
- Phone
- (605) 275-8010
- Website
- WWW.USDDISCOVERY.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
TO FOSTER ECONOMIC DEVELOPMENT BY:- GROWING UNIVERSITY RESEARCH CAPACITY, RESOURCES, AND TALENT- CONNECTING THESE CORE UNIVERSITY ACTIVITIES WITH PRIVATE SECTOR RESOURCES AND COMPANIES- FOSTERING ECONOMIC AND WORKFORCE DEVELOPMENT THROUGH SUPPORTING COMMERCIALIZATION AND ENTREPRENEURSHIP PROGRAMMING- FACILITATING THE CREATION OF THE PHYSICAL INFRASTRUCTURE NECESSARY TO SUPPORT CREATION AND ATTRACTION OF RESEARCH AND INNOVATION-BASED BUSINESS
Program accomplishments
- FINAL DESIGN AND CONSTRUCTION MANAGEMENT OF BUILDING 1 EXECUTED IN 2024. FUNDS RECEIVED FROM THE STATE OF SOUTH DAKOTA THROUGH HB 1210, $15,000,000, MUST BE SPENT FIRST. IN 2024, $11,249,906.36 WAS SPENT BY THE USD DISCOVERY DISTRICT AND REIMBURSED THROUGH THE FUNDS RECEIVED FROM THE STATE OF SOUTH DAKOTA. ESTIMATED COMPLETION OF BUILDING IS JANUARY 2025.Expenses $265,628
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
- 46-2693612
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $22,733,061
- Income (IRS master file)
- $10,373,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,373,226 | $306,031 | $22,733,061 | XML |
| 990 | December 2023 | $3,795,139 | $234,434 | $12,986,266 | XML |
| 990 | December 2022 | $4,700,103 | $171,926 | $7,803,121 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 46-2693612).
Questions about UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC
- What is the EIN of UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC?
- The employer identification number (EIN) of UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC is 46-2693612.
- Is UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY OF SOUTH DAKOTA RESEARCH 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 UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK 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 UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK 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 UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC?
- The 990 for the year ended December 31, 2024 names RYAN OINES.
- Who are the officers and directors of UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,373,226, expenses of $306,031 and total assets of $22,733,061 at year end.
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