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Research Park At Sdsu

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202506183 ✦ Brookings, SD ✦ Designated as a 501(c)(3)

Overview

What is Research Park At Sdsu?

Research Park at SDSU is a nonprofit organization located in Brookings, South Dakota, with a mission to foster economic growth in the state by creating and developing new technologies and businesses. The park provides resources and support for start-ups, including access to experienced entrepreneurs, legal and financial services, and business planning assistance. The Brookings Innovation Center within the Research Park has helped numerous university, community, and regional startups, as well as industry partners, by offering essential services and facilities. The organization's long-term strategy involves constructing facilities and embarking on research projects to expand the economic base and enhance the quality of life in Brookings and the surrounding areas. The core objectives are job creation, employee wealth, and new business development. Currently, the organization has a workforce of three individuals dedicated to serving the Brookings area and contributing to South Dakota's prosperity.


Official website here: www.rpsdstate.com

Is Research Park At Sdsu legitimate?

Research Park At Sdsu is a legitimate nonprofit organization registered as a 501(c)(3) entity. Research Park At Sdsu submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $151,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,459

For more financial information, click here


Official website here: www.rpsdstate.com

What is the mission statement of Research Park At Sdsu?

The Research Park at Sdsu is dedicated to building an economic base of newly developed technologies and businesses within South Dakota. The organization aims to serve the Brooking area, as well as the state and adjacent communities and states, by implementing a long-term development strategy. Over several decades, this strategy will expand an economic base of innovative technologies and businesses, which will grow throughout the region and state. The Research Park plans to continue expanding, adding buildings and research projects, enhancing the economic well-being of the community and improving its quality of life and prosperity. The primary focus of the organization is to commercialize university and local innovation, leading to job creation, employee wealth, and new business development.


Official website here: www.rpsdstate.com

Who is the CEO of Research Park At Sdsu?

Jay Bender is the Chairman of Research Park At Sdsu. The CEO's salary of Research Park At Sdsu is $147,870 and their total compensation is $151,896.


Official website here: www.rpsdstate.com

What is the revenue of Research Park At Sdsu?

Research Park At Sdsu's revenue in 2022 was $17,830,188.


Official website here: www.rpsdstate.com

Who are the executives of Research Park At Sdsu and what are their salaries?

The average compensation at Research Park At Sdsu during 2022 was $67,118. There are 3 employees and 8 volunteers at Research Park At Sdsu.

Here are 9 key members and their salaries (Research Park At Sdsu's CEO's salary is $147,870 and their total compensation is $151,896):

    Dwaine Chapel (Ceo/Executive Director)
  • Compensation: $147,870
  • Related: $0
  • Other: $4,026

    • Jay Bender (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Barry Dunn (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Tetzlaff (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Tidemann (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Al Kurtenbach (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Krogman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ope Niemeyer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tony Venhuizen (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rpsdstate.com

    Where can I find the form 990 for Research Park At Sdsu?

    The Research Park At Sdsu’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rpsdstate.com

    Learn more at the official website: www.rpsdstate.com

    Mission Statement of Research Park At Sdsu

    Research Park At Sdsu, a dedicated organization, is committed to building a robust economic base for newly developed technologies and businesses within South Dakota. The SDG Partnership, Ltd, the driving force behind Research Park At Sdsu, aims to serve not just the Brookings area but also the state of South Dakota and neighboring communities and states. To achieve this objective, a long-term development strategy has been put in place, which over several decades, will create an economic base of innovative technologies and businesses that will expand throughout the region and state. The research park plans to expand with more buildings and research projects, enhancing the economic well-being of the city and its surrounding areas, and improving their quality of life and prosperity. The primary goal of the park is to commercialize university and local innovation, focusing on creating jobs, enhancing employee wealth, and fostering new business development.

    Impact

    This information is meant to be a general summary of Research Park At Sdsu. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Research Park At Sdsu's impact is centered around building an economic base of newly developed technologies and businesses within South Dakota. The primary goal is to grow research in the state, benefitting scientific and educational programs at SDSU. The Research Park, through the Brookings Innovation Center, provides support to start-up businesses by offering access to seasoned entrepreneurs and various resources such as legal, financial, and marketing expertise.

    In the past year, the Brookings Innovation Center and Research Park staff continued to assist university, community, and regional startups. They also collaborated with industry partners to establish a presence within the Research Park. The ongoing construction of a 44,000 square foot bio research facility further contributes to the growth and advancement of the park.

    Through its long-term development strategy, Research Park At Sdsu aims to enhance the economic well-being of Brookings and its surrounding areas, ultimately improving quality of life and prosperity. The organization is dedicated to expanding and commercializing university and local innovations, with a focus on job creation, employee wealth, and new business development.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $382,952
  • Gross Receipts: $17,830,188

    • Assets and Liabilities:
  • Total Assets: $37,700,692
  • Total Liabilities: $2,171,527
  • Net Assets: $35,529,165
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $382,952

    Organization Details

    Founding Year

    2004

    Principal Officer

    Jay Bender

    Main Address

    2301 RESEARCH PARK WAY 146, BROOKINGS, SD, 57006

    NTEE Category

    Code: B99 - Education

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