2025-11-14T13:19:10-06:00 2024-12-31 460446170 PACELINE ACCOUNTING GROUP LLP 416 SOUTH SECOND AVENUE SIOUX FALLS SD 571046904 990 2024-01-01 882205210 DAKOTA BIOWORX DAKO 7125406090 2405 RESEARCH PARK WAY BROOKINGS SD 57006 CRAIG ARNOLD EXECUTIVE DIRECTOR 7125406090 2025-11-14 1 0 CATHY HARR P00983521 6053312550 2024 2025-03-06 01:10:19Z X CRAIG ARNOLD 2301 RESEARCH PARK WAY BROOKINGS SD 57006 5394745 0 X HTTPS://DBII.ORG X 2022 SD PROVIDING FUNDING FOR A 45,000 SQUARE FOOT SPECIALIZED LABORATORY FACILITY TO BE BUILT AT SOUTH DAKOTA STATE UNIVERSITY. 9 9 7 0 0 0 2396868 5124870 250000 269495 0 0 0 380 2646868 5394745 0 0 0 0 16208 268676 0 0 0 1468636 3033886 1484844 3302562 1162024 2092183 3015024 6025494 0 508906 3015024 5516588 PROVIDING FUNDING FOR A 45,000 SQUARE FOOT SPECIALIZED LABORATORY FACILITY TO BE BUILT AT SOUTH DAKOTA STATE UNIVERSITY. 0 0 2883707 269875 LABORATORY 2883707 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 9 0 7 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X THE ORGANIZATION 7125406090 2301 RESEARCH PARK WAY BROOKINGS SD 57006 X DANIEL SCHOLL PRESIDENT 1.00 X X 0 0 0 LAURIE ANDERSON SECRETARY/TREASURER 1.00 X X 0 0 0 BARRY DUN DIRECTOR 1.00 X 0 0 0 JAMES RANKIN DIRECTOR 1.00 X 0 0 0 MARK LUECKE DIRECTOR 1.00 X 0 0 0 NATHAN LUKKES DIRECTOR 1.00 X 0 0 0 DAVID IVERSON DIRECTOR 1.00 X 0 0 0 JEFF LAUTT DIRECTOR 1.00 X 0 0 0 DAVID CHICOINE DIRECTOR 1.00 X 0 0 0 CRAIG ARNOLD EXECUTIVE DIRECTOR 40.00 X 234144 0 0 234144 0 0 1 0 1 0 42NORTH LLC 5103 S RIVER PARK PLACE SIOUX FALLS SD 57108 EXECUTIVE MANAGEMENT AND CONSULTING SERV 234144 ALOIDE LLC 3571 S SPENCER BLVD SIOUX FALLS SD 57103 ADVERTISING AND MARKETING SERVICES 123895 2 4820300 304570 304570 5124870 RENTAL INCOME 532420 269495 269495 269495 MISCELLANEOUS 541380 380 380 380 5394745 269875 0 0 248423 198738 49685 20253 16202 4051 234144 234144 62343 62343 5627 5627 126051 100841 25210 89270 71416 17854 351826 281461 70365 12430 9944 2486 11428 11428 1441191 1297072 144119 57748 46198 11550 LABORATORY AND SMALL EQ 364646 364646 REPAIRS AND MAINTENANCE 90323 90323 UTILITIES 89700 80730 8970 CONTRACT SERVICES 55031 55031 42128 25533 16595 3302562 2883707 418855 0 828695 836561 122117 7084536 2201696 2186329 4882840 0 183976 3015024 6025494 87520 0 421386 0 508906 X 3015024 5516588 3015024 5516588 3015024 6025494 2092183 409381 0 X 0 1 X 0 0 X 5124870 5124870 5124870 5124870 5124870 269495 269495 5394365 0.95000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1529250 114693 1414557 5555286 2087003 3468283 4882840 OPERATING LEASE LIABILITY 184772 FINANCE LEASE LIABILITY 236614 421386 X 5394745 0 5394745 0 5394745 3302562 0 3302562 0 3302562 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INFORMATIONAL RETURNS REMAIN OPEN TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER FILING. 0 0 0 0 0 0 0 0 0 CRAIG ARNOLD EXECUTIVE DIRECTOR 234144 0 0 0 0 0 0 0 0 0 234144 0 0 0 PART II THE EXECUTIVE DIRECTOR, CRAIG ARNOLD, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO DAKOTA BIOWORX THROUGH HIS CONSULTING FIRM, 42 NORTH LLC, UNDER AN INDEPENDENT CONTRACTOR AGREEMENT. ALL AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A REPRESENT PAYMENTS TO 42 NORTH LLC FOR THOSE SERVICES, NOT DIRECT WAGES TO MR. ARNOLD. NO BONUSES, INCENTIVE COMPENSATION, OR OTHER NON-FIXED BENEFITS WERE PROVIDED. THE COMPENSATION WAS DETERMINED AND APPROVED BY THE BOARD BASED ON THE MANAGEMENT AGREEMENT IN PLACE. 42NORTH LLC OWNED BY EXECUTIVE DIRECTOR 234144 INDEPENDENT CONTRACTOR AGREEMENT; CONSULTING/MANAGEMENT SERVICES 0 X DONATED USE OF FACILITIES 1 304570 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990: OFFICERS REVIEW THE RETURN IN DETAIL. A COPY OF RETURN IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. THE PREPARER IS AVAILABLE FOR QUESTIONS OR COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY: EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH THE GOVERNING BOARD-DELEGATED POWERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC. PART VII SECTION A THE EXECUTIVE DIRECTOR IS ENGAGED THROUGH A CONSULTING ARRANGEMENT WITH 42NORTH LLC, WHICH PROVIDES MANAGEMENT SERVICES TO DAKOTA BIOWORX. PAYMENTS ARE MADE TO 42NORTH LLC AND REPORTED ON FORM 1099. THE COMPENSATION REPORTED REFLECTS THE PORTION ATTRIBUTABLE TO THE EXECUTIVE DIRECTOR'S SERVICES. PART VIII LINE 1E GOVERNMENT GRANT REVENUE REPORTED ON PART VIII, LINE 1E, CONSISTS OF STATE-SOURCED FUNDING ADMINISTERED THROUGH SOUTH DAKOTA STATE UNIVERSITY AND SOUTH DAKOTA SCHOOL OF MINES & TECHNOLOGY. THESE FUNDS SUPPORT LABORATORY DEVELOPMENT, OPERATIONS, AND RESEARCH INITIATIVES. THE ORGANIZATION IS NOT A DIRECT RECIPIENT OF FEDERAL ASSISTANCE SUBJECT TO THE UNIFORM GUIDANCE (SINGLE AUDIT). PART VIII LINE 1F THE ORGANIZATION RECEIVED IN-KIND SUPPORT CONSISTING OF BUILDING SPACE PROVIDED AT NO COST UNDER A LEASE AGREEMENT. THE ESTIMATED FAIR VALUE OF $304,570 HAS BEEN INCLUDED IN BOTH CONTRIBUTION REVENUE (PART VIII, LINE 1F) AND RENT EXPENSE. PART IX, LINE 16 OCCUPANCY EXPENSE INCLUDES BOTH CASH RENT AND DONATED BUILDING SPACE VALUED AT $304,570. THE FAIR VALUE OF DONATED SPACE IS INCLUDED AS CONTRIBUTION REVENUE IN PART VIII, LINE 1F, AND AS OCCUPANCY EXPENSE IN PART IX, LINE 16. SCHEDULE A, PART II, LINE 1A GOVERNMENT GRANTS AND APPROPRIATIONS REPORTED ON SCHEDULE A, PART II, LINE 1A INCLUDE FUNDING FROM SOUTH DAKOTA STATE UNIVERSITY AND SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY. THESE AMOUNTS REPRESENT STATE-SOURCED SUPPORT AND ARE CONSIDERED CONTRIBUTIONS FROM GOVERNMENTAL UNITS UNDER IRC 170(B)(1)(A)(VI). IN-KIND CONTRIBUTIONS CONSIST OF BUILDING SPACE PROVIDED FOR PROGRAM OPERATIONS.