Nonprofit · EIN 88-2205210
DAKOTA BIOPRODUCTS INNOVATION INSTITUTE
Tax-exempt · BROOKINGS, SD 57006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,394,745 | $3,302,562 | $2,092,183 | $6,025,494 | $508,906 | $5,516,588 |
| December 31, 2023 | 990 | $2,646,868 | $1,484,844 | $1,162,024 | $3,015,024 | $0 | $3,015,024 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,124,870
- of which government grants
- $4,820,300
- Program service revenue
- $269,495
- Investment income
- $0
- Other revenue
- $380
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $248,423
- Salaries, compensation and benefits (total)
- $268,676
- Professional fundraising fees
- $0
- Legal fees
- $62,343
- Accounting fees
- $5,627
- Occupancy
- $351,826
- Travel
- $12,430
- Depreciation
- $1,441,191
- Program services (functional)
- $2,883,707
- Management and general (functional)
- $418,855
Balance sheet and other
- Total assets, start of year
- $3,015,024
- Total assets, end of year
- $6,025,494
- Total liabilities, end of year
- $508,906
- Net assets, end of year
- $5,516,588
- Land, buildings and equipment
- $4,882,840
- Net assets without donor restrictions
- $5,516,588
- Gross receipts
- $5,394,745
- Employees
- 7
- Volunteers
- 0
- Year formed
- 2022
- 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 |
|---|---|---|---|
| CRAIG ARNOLD | EXECUTIVE DIRECTOR Officer | 40 | $234,144 |
| DANIEL SCHOLL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LAURIE ANDERSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| BARRY DUN | DIRECTOR Trustee or director | 1 | $0 |
| JAMES RANKIN | DIRECTOR Trustee or director | 1 | $0 |
| MARK LUECKE | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN LUKKES | DIRECTOR Trustee or director | 1 | $0 |
| DAVID IVERSON | DIRECTOR Trustee or director | 1 | $0 |
| JEFF LAUTT | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CHICOINE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG ARNOLD | CFO Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 2405 RESEARCH PARK WAY, BROOKINGS, SD 57006-1753
- In care of
- % D CRAIG ARNOLD
- Principal officer (990 for 2024)
- CRAIG ARNOLD, 2301 RESEARCH PARK WAY, BROOKINGS, SD 57006
- Signed the 990
- CRAIG ARNOLD, EXECUTIVE DIRECTOR
- Phone
- (712) 540-6090
- Website
- HTTPS://DBII.ORG
- Return prepared by
- PACELINE ACCOUNTING GROUP LLP
Mission
PROVIDING FUNDING FOR A 45,000 SQUARE FOOT SPECIALIZED LABORATORY FACILITY TO BE BUILT AT SOUTH DAKOTA STATE UNIVERSITY.
Program accomplishments
- LABORATORYExpenses $2,883,707 · revenue $269,875
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
- 88-2205210
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,025,494
- Income (IRS master file)
- $5,394,745
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,394,745 | $3,302,562 | $6,025,494 | XML |
| 990 | December 2023 | $2,646,868 | $1,484,844 | $3,015,024 | XML |
| 990 | December 2022 | – | – | – | 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 88-2205210).
Questions about DAKOTA BIOPRODUCTS INNOVATION INSTITUTE
- What is the EIN of DAKOTA BIOPRODUCTS INNOVATION INSTITUTE?
- The employer identification number (EIN) of DAKOTA BIOPRODUCTS INNOVATION INSTITUTE is 88-2205210.
- Is DAKOTA BIOPRODUCTS INNOVATION INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to DAKOTA BIOPRODUCTS INNOVATION INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAKOTA BIOPRODUCTS INNOVATION INSTITUTE 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 DAKOTA BIOPRODUCTS INNOVATION INSTITUTE 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 DAKOTA BIOPRODUCTS INNOVATION INSTITUTE 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 DAKOTA BIOPRODUCTS INNOVATION INSTITUTE?
- The 990 for the year ended December 31, 2024 names CRAIG ARNOLD.
- Who are the officers and directors of DAKOTA BIOPRODUCTS INNOVATION INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $234,144 (CRAIG ARNOLD, EXECUTIVE DIRECTOR).
- How much revenue does DAKOTA BIOPRODUCTS INNOVATION INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,394,745, expenses of $3,302,562 and total assets of $6,025,494 at year end.
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All nonprofits in BROOKINGS · South Dakota · Community improvement and capacity building