Overview
What is University Of South Dakota Research Park?
The University of South Dakota Research Park, abbreviated as USD Discovery District, is a nonprofit organization situated in Sioux Falls, South Dakota. Its primary mission is to foster economic development by amplifying the research capacity, resources, and talent at the University of South Dakota, thereby connecting these core university activities with private sector resources and companies. To achieve this, the organization facilitates commercialization and entrepreneurship programming, supports the creation of physical infrastructure for research and innovation-based businesses, and attracts such businesses to the district. In 2022, the interim president, James Abbott, proposed funding for planning, designing, and constructing the first building at the district, which was approved by the South Dakota Legislature. Additional funding has been secured from various sources, and the district is currently engaging with potential tenants to complete the first building by the end of 2024.
Official website here: www.usddiscovery.com
What are the reviews and ratings of this charity?
77% rating from Charity Navigator indicates that University of South Dakota Research Park has achieved a Three-Star out of Four Star rating, reflecting a strong performance primarily in accountability and finance. This score is derived entirely from its financial practices, which show a solid commitment to accountability, with a significant focus on program expenses.
The organization demonstrates a commendable level of independence within its board, with 83% of its members being independent, ensuring a transparent decision-making process. Furthermore, it has a strong financial health measure, with a low liabilities-to-assets ratio and a high percentage of program expenses indicating effective use of funds.
However, there are notable limitations, particularly the absence of a whistleblower policy and document retention and destruction policy, which may raise concerns about governance practices. Overall, while the organization exhibits many strengths in financial accountability, addressing these policy gaps could further enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is University Of South Dakota Research Park legitimate?
University Of South Dakota Research Park is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of South Dakota Research Park 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.usddiscovery.com
What is the mission statement of University Of South Dakota Research Park?
The University of South Dakota Research Park's mission is geared towards enhancing the research capacity, resources, and talent within the university. It aims to bridge the gap between academic research and the private sector, connecting these core university activities with relevant resources and companies. The park also works towards fostering economic and workforce development by supporting commercialization and entrepreneurship initiatives. Furthermore, it facilitates the creation of necessary physical infrastructure to attract and support research and innovation-based businesses.
Official website here: www.usddiscovery.com
Who is the CEO of University Of South Dakota Research Park?
James Abbott is the Interim President of University Of South Dakota Research Park.
Official website here: www.usddiscovery.com
What is the revenue of University Of South Dakota Research Park?
University Of South Dakota Research Park's revenue in 2022 was $4,700,103.
Official website here: www.usddiscovery.com
Who are the executives of University Of South Dakota Research Park and what are their salaries?
There 15 volunteers at University Of South Dakota Research Park.
Here are 15 key members and their salaries:
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- Other: $36,712
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- Other: $36,712
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Official website here: www.usddiscovery.com
Where can I find the form 990 for University Of South Dakota Research Park?
University Of South Dakota Research Park's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.usddiscovery.com
Learn more at the official website: www.usddiscovery.com
Mission Statement of University Of South Dakota Research Park
The University of South Dakota Research Park's mission is centered around fostering economic development in a unique manner. It aims to grow the university's research capacity, resources, and talent, and connect these core activities with private sector resources and companies. This synergy between academic and commercial sectors is crucial for driving innovation and advancement.
Moreover, the Research Park is dedicated to facilitating economic and workforce development by supporting commercialization and entrepreneurship programming. This involves nurturing new business ideas and startups, thereby contributing to a vibrant and dynamic economic landscape.
Additionally, the University of South Dakota Research Park plays a significant role in creating the necessary physical infrastructure to support research and innovation-based businesses. This includes providing the necessary facilities and resources for these businesses to thrive, thereby attracting and retaining them in the area. Overall, the Research Park's mission is to bridge the gap between academic research and the private sector, fostering a dynamic and innovative economic environment.
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Impact
July, 2024
The University Of South Dakota Research Park's impact is significant in fostering economic development by growing university research capacity, resources, and talent, and connecting these core university activities with private sector resources and companies. The park plays a crucial role in fostering economic and workforce development through supporting commercialization and entrepreneurship programming. Additionally, it facilitates the creation of physical infrastructure necessary to support the creation and attraction of research and innovation-based businesses. As a result, the Research Park contributes to the overall innovation ecosystem in Sioux Falls, South Dakota, and helps drive economic growth in the region.
This information is meant to be a general summary of University Of South Dakota Research Park. 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.
- Investment Income: $6,281
- Gross Receipts: $4,700,103
Assets and Liabilities:
- Total Assets: $7,803,121
- Total Liabilities: $329,103
- Net Assets: $7,474,018
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Organization Details
Founding Year
2012
Phone
(605) 275-8010Principal Officer
James Abbott
Main Address
4800 N CAREER AVE STE 100 100, SIOUX FALLS, SD, 57107
Website
www.usddiscovery.comNTEE Category
Code: B90 - Education
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