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South Dakota Biotechnology Council

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

EIN: 273740942 ✦ Sioux falls, SD ✦ Designated as a 501(c)(3)

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Overview

What is South Dakota Biotechnology Council?

The South Dakota Biotechnology Council is a nonprofit organization situated in Sioux Falls, South Dakota. Their primary mission is to foster the growth of biotechnology industries within the state. They accomplish this by advocating for bio-based research, investment, education, and promotion. Additionally, they provide funding and infrastructure development to support this sector. One of their initiatives is the Fast Grant program. The council's purpose is to expand the reach of biotechnology, ultimately benefiting South Dakota's economy and community.


Official website here: www.sdbio.org

Is South Dakota Biotechnology Council legitimate?

South Dakota Biotechnology Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Dakota Biotechnology Council submitted a form 990EZ, 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.


Official website here: www.sdbio.org

What is the mission statement of South Dakota Biotechnology Council?

The South Dakota Biotechnology Council's mission is to foster the growth of biotechnology industries within South Dakota. They achieve this by encouraging bio-based research, investment, education, advocacy, funding, and infrastructure development. The council also promotes biotechnology through various initiatives, including the provision of the Fast Grant program. Their primary goal is to expand the biotechnology sector, thereby contributing to the state's economic development.


Official website here: www.sdbio.org

Who is the CEO of South Dakota Biotechnology Council?

Mel Ustad is the President of South Dakota Biotechnology Council.


Official website here: www.sdbio.org

What is the revenue of South Dakota Biotechnology Council?

South Dakota Biotechnology Council's revenue in 2022 was $97,357.


Official website here: www.sdbio.org

Who are the executives of South Dakota Biotechnology Council and what are their salaries?


Here are 12 key members and their salaries:


Eddie Sullivan (Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashley Podhradsky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Engegretson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mel Ustad (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Statz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penny Sattgast (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kara Mccormick (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ralph Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malissa Eng (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Lancaster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Scholl (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sdbio.org

Where can I find the form 990EZ for South Dakota Biotechnology Council?

South Dakota Biotechnology Council's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.sdbio.org

Learn more at the official website: www.sdbio.org

Mission Statement of South Dakota Biotechnology Council

The South Dakota Biotechnology Council, a notable organization, is dedicated to fostering the growth of biotechnology industries within South Dakota. This is achieved through several strategic initiatives. The council promotes bio-based research, investment, education, advocacy, and funding, aiming to expand the sector's potential. Moreover, they focus on infrastructure development and promotion, ensuring that the biotechnology industry in South Dakota has the necessary resources to thrive. One of their programs, Fast Grant, is a testament to their commitment to supporting the sector financially. The South Dakota Biotechnology Council plays a pivotal role in the development of the biotechnology industry, contributing significantly to the state's economic growth and scientific progress.

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Impact




October, 2024

The South Dakota Biotechnology Council plays a crucial role in fostering the growth of biotechnology industries within the state. By focusing on expanding bio-based research, it drives innovation and advancements in the field. The Council facilitates investment in biotechnological initiatives, ensuring that new and existing companies have access to necessary financial resources.

Education is another key area where the Council makes a significant impact, promoting awareness and training to equip the workforce with the skills needed in the biotechnology sector. Additionally, it engages in advocacy efforts, representing the interests of the biotechnology community and influencing policy decisions that affect the industry.

Through funding programs like the Fast Grant, the Council directly supports research and development projects, enabling scientists and entrepreneurs to accelerate their work. Its efforts in infrastructure development ensure that South Dakota has the facilities and resources necessary to support a thriving biotechnology ecosystem.

Overall, the South Dakota Biotechnology Council is instrumental in cultivating a robust biotechnology landscape, which not only enhances the state’s economy but also contributes to scientific advancements that can benefit society as a whole.




This information is meant to be a general summary of South Dakota Biotechnology Council. 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.

Revenue
$97,357 (2022)
Expenses
$105,659 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $97,357

Assets and Liabilities:

  • Total Assets: $73,575
  • Total Liabilities: $1,200
  • Net Assets: $72,375

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Organization Details

Principal Officer

Mel Ustad

Main Address

110 S PHILLIPS AVE 304, SIOUX FALLS, SD, 57104

NTEE Category

Code: U99 - Science research

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