Research Park At Sdsu
Research Park At Sdsu shows significant asset growth and no reported officer compensation, but detailed spending efficiency is unclear.
EIN: 202506183 · Brookings, SD · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| Net Assets | $38.1M |
| Transparency Score | 75/100 |
Is Research Park At Sdsu Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Research Park At Sdsu directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Research Park At Sdsu
Research Park At Sdsu (EIN: 202506183) is a nonprofit organization based in Brookings, SD, classified under NTEE code B99. The organization reported total revenue of $1.7M and total assets of $38.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Research Park At Sdsu's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Research Park At Sdsu is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $38.8M |
| Total Liabilities | $678K |
| Net Assets | $38.1M |
| Operating Margin | 66.6% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 353.1 months |
Financial Health Grade: A
In 2023, Research Park At Sdsu reported a surplus of $2.6M with revenue exceeding expenses, holds 353.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Research Park At Sdsu's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -77.8% | +52.8% | +3.0% |
| 2022 | +664.4% | +12.3% | +91.6% |
| 2021 | +60.5% | +12.3% | +11.6% |
| 2020 | +135.2% | -14.5% | +6.9% |
| 2019 | +3.8% | -1.2% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Research Park At Sdsu with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Research Park At Sdsu allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Research Park At Sdsu's IRS 990 filings:
- Lack of detailed functional expense breakdown in provided data, hindering full spending efficiency analysis.
- Significant year-over-year revenue volatility (e.g., $17.8M in 2022 to $3.9M in 2023) could indicate unpredictable funding.
Strengths
The following positive indicators were identified for Research Park At Sdsu:
- Consistent reporting of 0% officer compensation, indicating strong financial stewardship.
- Substantial asset growth over the past decade, from $6.7 million in 2015 to $38.8 million in 2023, suggesting financial stability and investment.
- Expenses consistently lower than revenue in most recent years (e.g., 2023 revenue $3.9M vs. expenses $1.3M), indicating operational surpluses.
Frequently Asked Questions about Research Park At Sdsu
Is Research Park At Sdsu a legitimate charity?
Research Park At Sdsu (EIN: 202506183) is a registered tax-exempt nonprofit based in South Dakota. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Research Park At Sdsu spend its money?
Research Park At Sdsu directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Research Park At Sdsu tax-deductible?
Research Park At Sdsu is registered as a tax-exempt nonprofit (EIN: 202506183). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Research Park At Sdsu's spending goes to programs?
Research Park At Sdsu directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Research Park At Sdsu compare to similar nonprofits?
With a transparency score of 75/100 (Good), Research Park At Sdsu is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Research Park At Sdsu located?
Research Park At Sdsu is headquartered in Brookings, South Dakota and files with the IRS under EIN 202506183. It is classified under NTEE code B99.
How many years of IRS 990 filings does Research Park At Sdsu have?
Research Park At Sdsu has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
What are the primary sources of Research Park At Sdsu's revenue, especially given the significant fluctuation from $17.8M in 2022 to $3.9M in 2023?
The provided data does not detail revenue sources, but the large fluctuations suggest reliance on grants, specific projects, or capital contributions that vary year-to-year.
How does Research Park At Sdsu allocate its expenses between program services, administrative costs, and fundraising efforts?
The provided IRS 990 data lacks the detailed functional expense breakdown necessary to answer this question precisely. Without this, it's difficult to assess spending efficiency beyond total expenses.
What is the purpose of the substantial asset growth, from $6.7 million in 2015 to $38.8 million in 2023?
The significant asset growth likely reflects investments in infrastructure, property, or endowments related to the research park's development and operations, but specific details are not available in this summary.
Filing History
IRS 990 filing history for Research Park At Sdsu showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Research Park At Sdsu's revenue has grown by 122.1%, moving from $1.8M to $4.0M. Total assets increased by 460.1% over the same period, from $6.9M to $38.8M. Total functional expenses rose by 134.1%, from $564K to $1.3M. In its most recent filing year (2023), Research Park At Sdsu reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $678K in liabilities against $38.8M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $38.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $1.3M | $38.8M | $678K | — | — |
| 2022 | $17.8M | $864K | $37.7M | $2.2M | — | View 990 |
| 2021 | $2.3M | $769K | $19.7M | $1.4M | — | View 990 |
| 2020 | $1.5M | $684K | $17.6M | $934K | — | View 990 |
| 2019 | $618K | $801K | $16.5M | $541K | — | View 990 |
| 2018 | $595K | $811K | $16.7M | $540K | — | View 990 |
| 2017 | $609K | $755K | $17.0M | $677K | — | — |
| 2016 | $1.8M | $719K | $17.3M | $783K | — | View 990 |
| 2015 | $524K | $660K | $6.7M | $362K | — | View 990 |
| 2014 | $448K | $646K | $6.9M | $436K | — | View 990 |
| 2013 | $432K | $619K | $7.1M | $408K | — | View 990 |
| 2012 | $1.2M | $601K | $7.5M | $573K | — | View 990 |
| 2011 | $1.8M | $564K | $6.9M | $601K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $1.3M, and assets of $38.8M (revenue -77.8% year-over-year).
- 2022: Revenue of $17.8M, expenses of $864K, and assets of $37.7M (revenue +664.4% year-over-year).
- 2021: Revenue of $2.3M, expenses of $769K, and assets of $19.7M (revenue +60.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $684K, and assets of $17.6M (revenue +135.2% year-over-year).
- 2019: Revenue of $618K, expenses of $801K, and assets of $16.5M (revenue +3.8% year-over-year).
- 2018: Revenue of $595K, expenses of $811K, and assets of $16.7M (revenue -2.2% year-over-year).
- 2017: Revenue of $609K, expenses of $755K, and assets of $17.0M (revenue -66.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $719K, and assets of $17.3M (revenue +249.3% year-over-year).
- 2015: Revenue of $524K, expenses of $660K, and assets of $6.7M (revenue +17.1% year-over-year).
- 2014: Revenue of $448K, expenses of $646K, and assets of $6.9M (revenue +3.7% year-over-year).
- 2013: Revenue of $432K, expenses of $619K, and assets of $7.1M (revenue -63.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $601K, and assets of $7.5M (revenue -34.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $564K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Research Park At Sdsu:
Data Sources and Methodology
This transparency report for Research Park At Sdsu is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.