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
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Stars
The Research Park at SDSU has received an impressive 96% rating from Charity Navigator, reflecting a strong performance in accountability and finance. The nonprofit's rating is based entirely on a single beacon score that highlights its commitment to transparency and responsible financial management.
Strengths of the organization include a fully independent board, which is a positive indicator of governance. The organization scored full points in multiple categories, including financial statements, lack of asset diversion, and program expense ratio, which indicates that a significant portion of funds is directed towards its programs. Notably, the absence of a whistleblower policy is a point of concern, as it could affect the organization’s overall accountability framework.
Overall, while the Research Park at SDSU demonstrates a robust commitment to financial stewardship and governance, the lack of a whistleblower policy suggests areas for improvement in its accountability practices. Such enhancements could bolster trust and transparency, ensuring the organization maintains its high standards.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
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- Compensation: $147,870
- Related: $0
- Other: $4,026
Official website here: www.rpsdstate.com
Where can I find the form 990 for Research Park At Sdsu?
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.
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Impact
October, 2024
The Research Park at SDSU significantly impacts the economic landscape of South Dakota by fostering innovation and entrepreneurship. Its primary objective is to create a robust economic base through the development of new technologies and businesses, enhancing not just the local area, but the entire state.
By supporting research initiatives and applying academic learning to practical applications, the Research Park promotes job creation and employee wealth. It serves as a catalyst for startup businesses by providing essential resources, such as access to experienced entrepreneurs, legal and financial support, and vital business planning assistance. For instance, the Brookings Innovation Center facilitates connections with professionals like trademark attorneys and certified public accountants, as well as funding opportunities through angel and venture capital funds.
The ongoing construction of a 44,000-square-foot bio research facility signifies further investment in the region’s future, and the growth partnership constructs a long-term strategy to ensure sustainable development. The Research Park not only contributes to local economic growth but also enhances the quality of life for residents by creating new opportunities and supporting community prosperity. As it continues to expand, the impact of the Research Park will resonate throughout Brookings and beyond, driving innovation and commercializing university research to stimulate regional development.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- 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
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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
Phone
(605) 696-5600Principal Officer
Jay Bender
Main Address
2301 RESEARCH PARK WAY 146, BROOKINGS, SD, 57006
Website
www.rpsdstate.comNTEE Category
Code: B99 - Education
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