Civic Intelligence

Agricap Fund Inc

EIN 27-0500843 • 501(c)5 • Sioux Falls, SD

Profile

To improve the conditions, efficiency, and economic growth in a changing agriculture environment.

4712 S Technopolis DrSioux Falls, SD 57106
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • $25M-$50M nonprofits • Source year 2024

Net Margin

100th percentile

97%

Higher net margin than 100% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

83rd percentile

18%

Faster asset growth than 83% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

4th percentile

-19%

Faster revenue growth than 4% of similar nonprofits.

501(c)5 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$25,490,908

Up $6,134,943 (+32%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$25,490,908

Up $6,134,943 (+32%) from 2023

Operations
Liabilities / Revenue11th percentileNet Margin100th percentile

Revenue

Up

$1,691,972

Up $609,838 (+56%) from 2023

Expenses

Down

$52,043

Down $21,552 (-29%) from 2023

Net Income

Up

$1,639,929

Up $631,390 (+63%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2013: $9,881,840Liabilities 2013: $0Net Assets 2013: $9,881,8402013Assets 2014: $11,499,297Liabilities 2014: $0Net Assets 2014: $11,499,2972014Assets 2015: $12,858,681Liabilities 2015: $0Net Assets 2015: $12,858,6812015Assets 2016: $13,537,079Liabilities 2016: $0Net Assets 2016: $13,537,0792016Assets 2017: $14,384,018Liabilities 2017: $0Net Assets 2017: $14,384,0182017Assets 2018: $16,653,294Liabilities 2018: $0Net Assets 2018: $16,653,2942018Assets 2019: $17,289,199Liabilities 2019: $0Net Assets 2019: $17,289,1992019Assets 2020: $12,859,691Liabilities 2020: $0Net Assets 2020: $12,859,6912020Assets 2021: $13,003,774Liabilities 2021: $0Net Assets 2021: $13,003,7742021Assets 2022: $18,171,706Liabilities 2022: $0Net Assets 2022: $18,171,7062022Assets 2023: $19,355,965Liabilities 2023: $0Net Assets 2023: $19,355,9652023Assets 2024: $25,490,908Liabilities 2024: $0Net Assets 2024: $25,490,9082024

Highlighted filing

2024

Assets$25,490,908
Liabilities$0
Net Assets$25,490,908
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$5.0M$0-$5.0MRevenue 2013: $56,354Expenses 2013: $20,476Net Income 2013: $35,8782013Revenue 2014: $1,634,073Expenses 2014: $3,927Net Income 2014: $1,630,1462014Revenue 2015: $1,499,001Expenses 2015: $7,016Net Income 2015: $1,491,9852015Revenue 2016: $631,251Expenses 2016: $10,634Net Income 2016: $620,6172016Revenue 2017: $797,239Expenses 2017: $8,266Net Income 2017: $788,9732017Revenue 2018: $2,429,132Expenses 2018: $7,136Net Income 2018: $2,421,9962018Revenue 2019: $381,746Expenses 2019: $10,889Net Income 2019: $370,8572019Revenue 2020: $324,083Expenses 2020: $4,891,528Net Income 2020: -$4,567,4452020Revenue 2021: $234,116Expenses 2021: $90,532Net Income 2021: $143,5842021Revenue 2022: $2,597,817Expenses 2022: $15,798Net Income 2022: $2,582,0192022Revenue 2023: $1,082,134Expenses 2023: $73,595Net Income 2023: $1,008,5392023Revenue 2024: $1,691,972Expenses 2024: $52,043Net Income 2024: $1,639,9292024

Highlighted filing

2024

Revenue$1,691,972
Expenses$52,043
Net Income$1,639,929
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,490,908
Liabilities
$0
Net assets
$25,490,908
Revenue
$1,691,972
Expenses
$52,043
Net income
$1,639,929
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.5$0.00$25.5$1.69$0.05$1.64
2023Detailed filing. Detailed filing data is available for this year.$19.4$0.00$19.4$1.08$0.07$1.01
2022Detailed filing. Detailed filing data is available for this year.$18.2$0.00$18.2$2.60$0.02$2.58
2021Detailed filing. Detailed filing data is available for this year.$13.0$0.00$13.0$0.23$0.09$0.14
2020Detailed filing. Detailed filing data is available for this year.$12.9$0.00$12.9$0.32$4.89$4.57
2019Detailed filing. Detailed filing data is available for this year.$17.3$0.00$17.3$0.38$0.01$0.37
2018Detailed filing. Detailed filing data is available for this year.$16.7$0.00$16.7$2.43$0.01$2.42
2017Detailed filing. Detailed filing data is available for this year.$14.4$0.00$14.4$0.80$0.01$0.79
2016Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$0.63$0.01$0.62
2015Detailed filing. Detailed filing data is available for this year.$12.9$0.00$12.9$1.50$0.01$1.49
2014Detailed filing. Detailed filing data is available for this year.$11.5$0.00$11.5$1.63$0.00$1.63
2013Detailed filing. Detailed filing data is available for this year.$9.88$0.00$9.88$0.06$0.02$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$1,777,219
Mission and Program Overview

Mission

To improve the conditions, efficiency, and economic growth in a changing agriculture environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,973,114$17,445,587▲ $8,472,473
Investments Program Related$10,197,389$8,019,558▼ $2,177,831
Cash and Non-Interest-Bearing Accounts$185,462$20,165▼ $165,297
Prepaid Expenses and Deferred Charges-$5,598-
Total Assets$19,355,965$25,490,908▲ $6,134,943
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,355,965$25,490,908▲ $6,134,943
Total Net Assets Fund Balance$19,355,965$25,490,908▲ $6,134,943
Total Liabilities and Net Assets / Fund Balance$19,355,965$25,490,908▲ $6,134,943

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Keith AlversonPresident
Dave EllensDirector
Jim KetelhutDirector
Robert WalshDirector
Ryan WagnerDirector
Danita MurraySecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,303,478
Investment Income
$388,494
Other Revenue
$0
Change in Net Assets
$1,639,929
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,043
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$20,679
Advertising---$10,500
Fees for Service Investment Mgmnt Fees---$10,035
Fees for Services Accounting---$1,918
Insurance---$1,866
Conferences and Meetings---$181
Other Expenses---$60
Total Functional Expenses$0$0$0$52,043
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“There is one class of members.”

Form 990, Page 6, Part VI, Line 7A

“There is one class of members.”

Form 990, Page 6, Part VI, Line 7B

“Members shall be south dakota residents who meet the statutory definition of a "participating grower" under sdcl 38-32-1(6)(1)(2021). Members shall not have the right to vote on any matter, unless the question is submitted to the members by the board of directors, as provided for in the bylaws of the corporation and as further provided for by the board of directors.”

Form 990, Page 6, Part VI, Line 11B

“Officers review the return in detail. A copy of the return is provided to each member of the board of directors. The preparer is available for questions or comments.”

Form 990, Page 6, Part VI, Line 12C

“The conflict of interest statement applies to all board officers and directors. Board members must sign the conflict of interest statement when elected and annually. Additionally, the organization closely scrutinizes new projects to ensure no board member has a conflict with the project. If a potential conflict arises, the board member must refrain from discussion and voting on the matter at hand.”

Form 990, Page 6, Part VI, Line 19

“These documents are made available to members of the group, but not to the general public.”

Filing and Contact Details

Filer

Filer Name
Agricap Fund Inc
EIN
27-0500843
Phone
6053340100
Address
4712 S TECHNOPOLIS DR, SIOUX FALLS, SD 57106

Signing Officer

Name
Keith Alverson
Title
President
Phone
6053340100
Signed
2025-11-12

Organization Details

Principal Officer
Keith Alverson
Formed
2012
Legal Domicile
Sd
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Solution CPA
Address
5011 E ROSA PARKS PL, SIOUX FALLS, SD 57110
Preparer
Michael L Schelling CPA
Phone
6054809500
Raw XML Appendix358 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS ONE CLASS OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS ONE CLASS OF MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS SHALL BE SOUTH DAKOTA RESIDENTS WHO MEET THE STATUTORY DEFINITION OF A "PARTICIPATING GROWER" UNDER SDCL 38-32-1(6)(1)(2021). MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE ON ANY MATTER, UNLESS THE QUESTION IS SUBMITTED TO THE MEMBERS BY THE BOARD OF DIRECTORS, AS PROVIDED FOR IN THE BYLAWS OF THE CORPORATION AND AS FURTHER PROVIDED FOR BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICERS REVIEW THE RETURN IN DETAIL. A COPY OF THE RETURN IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. THE PREPARER IS AVAILABLE FOR QUESTIONS OR COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST STATEMENT APPLIES TO ALL BOARD OFFICERS AND DIRECTORS. BOARD MEMBERS MUST SIGN THE CONFLICT OF INTEREST STATEMENT WHEN ELECTED AND ANNUALLY. ADDITIONALLY, THE ORGANIZATION CLOSELY SCRUTINIZES NEW PROJECTS TO ENSURE NO BOARD MEMBER HAS A CONFLICT WITH THE PROJECT. IF A POTENTIAL CONFLICT ARISES, THE BOARD MEMBER MUST REFRAIN FROM DISCUSSION AND VOTING ON THE MATTER AT HAND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE MADE AVAILABLE TO MEMBERS OF THE GROUP, BUT NOT TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1TECHNOLOGY
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt04712 S TECHNOPOLIS DR
IRS990ScheduleR/UnrelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1705 32ND AVE S
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IRS990/TotalFunctionalExpensesGrp/TotalAmt052043
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEITH ALVERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06053340100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AGRICAP FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0AGRI
ReturnHeader/Filer/EIN0270500843
ReturnHeader/Filer/PhoneNum06053340100
ReturnHeader/Filer/USAddress/AddressLine1Txt04712 S TECHNOPOLIS DR
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0392403674
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SOLUTION CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05011 E ROSA PARKS PL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd057110
ReturnHeader/PreparerPersonGrp/PhoneNum06054809500
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL L SCHELLING CPA
ReturnHeader/ReturnTs02025-11-14T14:42:50-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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