University of South Dakota Research Park
Also known as Usd Discovery District
University of South Dakota Research Park reported $10.4 million in revenue and $306,031 in expenses for calendar year 2024. Of every $100 it spent, $86.80 went to program services, $13.20 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.7% of the total. The highest compensation it reported for one person was $453,719 (CHAIR). Revenue rose 277% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $306KFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.8% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.7% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $453,719 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 148.26% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 828.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 9 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseFinal 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHAIR Director/trustee, officer, 0.10 hrs/week | $0 | $411,206 | $42,513 | $453,719 |
| DIRECTOR Director/trustee, 0.10 hrs/week | $0 | $285,296 | $40,499 | $325,795 |
0 people received more than $100,000 in reportable compensation from University of South Dakota Research Park (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 9 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 610
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| MCGOUGH CONSTRUCTION Construction manager at-risk | $10,812,083 |
| ISG INC Architecture & engineer | $331,476 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from University of South Dakota Research Park's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for University of South Dakota Research Park, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 University of South Dakota Research Park spent in 2024, $86.80 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Resurgence HallAtlanta, GA · revenue $10M · programs 80.4% · FY2025
- Trivium Preparatory AcademyPhoenix, AZ · revenue $10M · programs 86.9% · FY2025
- Columbus Learning Center Management CorpColumbus, IN · revenue $10M · programs 89.4% · 2024
- MobiusColumbia, MO · revenue $10M · programs 96.1% · FY2025
- The Gow SchoolSouth Wales, NY · revenue $10M · programs 69.6% · FY2025
Questions people ask
How much of University of South Dakota Research Park's spending goes to programs?
In calendar year 2024, University of South Dakota Research Park reported that 86.8% of its $306,031 in expenses went to program services, 13.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does University of South Dakota Research Park pay its top executive?
The largest total compensation University of South Dakota Research Park reported for one person in calendar year 2024 was $453,719, for the role of CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does University of South Dakota Research Park get its money?
Of $10.4 million in revenue in calendar year 2024, 96.7% came from contributions and grants (including 1.5% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is University of South Dakota Research Park a registered charity?
The IRS lists EIN 46-2693612 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503189349312340 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349305272 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303179349310320 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203149349303070 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103199349310870 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349321109 · read the filing
All filings for EIN 46-2693612: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.