2025-11-14T15:20:48-06:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 462693612 UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC UNIV 6052758010 4600 W NOBEL STREET STE 102 SIOUX FALLS SD 57107 RYAN OINES PRESIDENT 6052758010 2025-11-12 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-11-12 2024 2025-03-06 01:10:19Z X USD DISCOVERY DISTRICT RYAN OINES 4600 W NOBEL STREET STE 102 SIOUX FALLS SD 57107 10373226 0 X WWW.USDDISCOVERY.COM X 2012 SD TO GROW UNIVERSITY RESEARCH CAPACITY, RESOURCES AND TALENT AND CONNECT CORE UNIVERSITY ACTIVITIES WITH PRIVATE SECTOR RESOURCES AND COMPANIES. 11 9 0 10 0 0 3595238 10029714 0 0 181079 244407 18822 99105 3795139 10373226 0 0 0 0 0 0 0 0 0 234434 306031 234434 306031 3560705 10067195 12986266 22733061 1925836 1605436 11060430 21127625 X 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 0 0 265628 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. 265628 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 9 1 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X X RYAN OINES 6057287926 4600 W NOBEL STREET STE 102 SIOUX FALLS SD 57107 SHEILA GESTRING CHAIR 0.10 40.00 X X 0 411206 42513 JAMES ABBOTT INTERIM PRESIDENT 20.00 X 0 0 0 DEB PETERS TREASURER 0.20 X X 0 0 0 MARK MICKELSON DIRECTOR 0.10 X 0 0 0 KIM PATRICK DIRECTOR 0.10 X 0 0 0 PAUL TENHAKEN DIRECTOR 0.10 X 0 0 0 TIM RAVE DIRECTOR 0.10 X 0 0 0 BOBBIE TIBBETTS DIRECTOR 0.10 X 0 0 0 KATHRYN POHLSON DIRECTOR (BEG MAY 2024) 0.10 X 0 0 0 MATT MICHELS DIRECTOR 0.10 X 0 0 0 NATHAN LUKKES DIRECTOR 0.10 40.00 X 0 285296 40499 NATHAM PETERSON DIRECTOR (UNTIL MAR 2024) 0.10 X 0 0 0 RYAN OINES CHIEF OPERATING OFFICER 40.00 X 0 0 0 0 696502 83012 0 0 1 0 MCGOUGH CONSTRUCTION 2737 FAIRVIEW AVE N ST PAUL MN 55113 CONSTRUCTION MANAGER AT-RISK 10812083 ISG INC 115 E HICKORY ST MANKATO MN 56001 ARCHITECTURE & ENGINEER 331476 2 9500964 153750 375000 10029714 244407 244407 19699 0 19699 19699 19699 OTHER 900099 79406 79406 79406 10373226 79406 0 264106 X 184455 147565 36890 3513 3513 60235 60235 1139 1139 5590 5590 20926 20926 14958 14958 3978 3978 7386 7386 DUES & SUBSCRIPTIONS 3851 3851 306031 265628 40403 0 0 18750 5779712 3191814 1848942 3199844 6635 8030 16314623 0 5350977 16314623 12986266 22733061 1918727 1597888 3749 4188 3360 3360 1925836 1605436 X 5709453 4813002 5350977 16314623 0 0 11060430 21127625 12986266 22733061 10067195 0 X 0 0 0 X 1483350 700000 4675000 3595238 10029714 20483302 1483350 700000 4675000 3595238 10029714 20483302 729030 19754272 55048 21045 25103 199901 264106 565203 21048505 0.93850 0.89940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 16314623 16314623 16314623 0 0 0 0 0 0 0 0 0 SHEILA GESTRING CHAIR 0 411206 0 0 0 0 0 31637 0 14838 0 457681 0 0 NATHAN LUKKES DIRECTOR 0 285296 0 0 0 0 0 29623 0 13649 0 328568 0 0 SCHEDULE J, PART II THE CHAIR AND DIRECTORS LISTED IN PART II ARE EMPLOYED BY A RELATED ORGANIZATION, SOUTH DAKOTA BOARD OF REGENTS. UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK RELIED ON THE RELATED ORGANIZATION FOR DETERMINING THE COMPENSATION FOR THE CHAIR USING THE METHODS DESCRIBED IN PART I, LINE 3. COMPENSATION FOR SHEILA GESTRING IS PRIMARILY FOR HER SERVICES AS PRESIDENT OF THE UNIVERSITY OF SOUTH DAKOTA. COMPENSATION FOR NATHAN LUKKES IS PRIMARILY FOR THEIR SERVICES TO SOUTH DAKOTA BOARD OF REGENTS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THREE OR MORE DIRECTORS, INCLUDING THE CHAIR OF THE BOARD OF DIRECTORS. IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS EXCEPT TO AMEND THE BYLAWS OR AS OTHERWISE PROVIDED BY LAW. ALL ACTS DONE AND POWERS AND AUTHORITY CONFERRED BY THE EXECUTIVE COMMITTEE FROM TIME TO TIME WITHIN THE SCOPE OF ITS AUTHORITY SHALL BE, AND MAY BE DEEMED TO BE, AND MAY BE CERTIFIED AS BEING, THE ACT AND UNDER THE AUTHORITY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 SHEILA GESTRING, NATHAN LUKKES, AND TIM RAVE HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 DURING 2024, THE ORGANIZATION HAD AN AGREEMENT WITH THE UNIVERSITY OF SOUTH DAKOTA TO PROVIDE MANAGEMENT SERVICES. THE AGREEMENT IS A VARIABLE FEE AGREEMENT BASED ON TOTAL HOURS OF SERVICE PROVIDED AT AN HOURLY RATE. RYAN OINES RECEIVED $122,550 IN BASE PAY AND $11,414 IN BENEFITS FOR HIS SERVICES PROVIDED TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE SOUTH DAKOTA BOARD OF REGENTS IS THE ONLY MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER APPOINTS MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT AND PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS BOARD MEMBERS AND PRINCIPAL OFFICERS. THE BOARD OR COMMITTEE MAKES THE CONFLICT OF INTEREST DETERMINATION. ANY PERSON WITH A CONFLICT MUST LEAVE THE MEETING AND ABSTAIN FROM ANY BOARD ACTIONS RELATED TO THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 60,235. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,235. USDRP BETA LLC 4800 N CAREER AVE SUITE 100 SIOUX FALLS SD 57107 841990023 DEVELOPMENT SD 0 0 USD RESEARCH PARK INC SOUTH DAKOTA BOARD OF REGENTS 306 EAST CAPITOL AVE STE 200 PIERRE SD 57501 466000364 GOVERN THE SYSTEM OF PUBLIC HIGHER EDUCATION IN THE STATE OF SOUTH DAKOTA SD N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0