Civic Intelligence

Value Added Ag Development Center

990 • Fiscal year 2014 • EIN 46-0452883

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 17, 2015

222 E Capitol Ave Suite 1Pierre, SD 57501

(605) 224-9402

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.00x

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

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

51st percentile

0.00x

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

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Net Margin

71st percentile

11%

Higher net margin than 71% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

67th percentile

8.5%

Faster asset growth than 67% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

87th percentile

20%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • 501(c)5 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$438,663

Up $34,494 (+8.5%) from 2013

Net Assets

Up

$438,663

Up $42,670 (+11%) from 2013

Liabilities

Down

$0

Down $8,176 (-100%) from 2013

Revenue

Up

$379,806

Up $63,525 (+20%) from 2013

Expenses

Up

$337,136

Up $58,459 (+21%) from 2013

Net Income

Up

$42,670

Up $5,066 (+13%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $348,796Liabilities 2011: $6,183Net Assets 2011: $342,6132011Assets 2012: $368,650Liabilities 2012: $10,261Net Assets 2012: $358,3892012Assets 2013: $404,169Liabilities 2013: $8,176Net Assets 2013: $395,9932013Assets 2014: $438,663Liabilities 2014: $0Net Assets 2014: $438,6632014Assets 2015: $447,390Liabilities 2015: $3,653Net Assets 2015: $443,7372015Assets 2016: $465,612Liabilities 2016: $2,239Net Assets 2016: $463,3732016Assets 2017: $491,862Liabilities 2017: $5,593Net Assets 2017: $486,2692017Assets 2018: $505,127Liabilities 2018: $6,682Net Assets 2018: $498,4452018Assets 2019: $511,374Liabilities 2019: $595Net Assets 2019: $510,7792019Assets 2020: $523,476Liabilities 2020: $569Net Assets 2020: $522,9072020Assets 2021: $564,867Liabilities 2021: $2,584Net Assets 2021: $562,2832021Assets 2022: $554,712Liabilities 2022: $2,201Net Assets 2022: $552,5112022Assets 2023: $595,420Liabilities 2023: $0Net Assets 2023: $595,4202023Assets 2024: $791,889Liabilities 2024: $11,973Net Assets 2024: $779,9162024

Highlighted filing

2014

Assets$438,663
Liabilities$0
Net Assets$438,663

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $322,2682011Expenses 2012: $299,0362012Revenue 2013: $316,281Expenses 2013: $278,677Net Income 2013: $37,6042013Revenue 2014: $379,806Expenses 2014: $337,136Net Income 2014: $42,6702014Revenue 2015: $224,355Expenses 2015: $219,281Net Income 2015: $5,0742015Revenue 2016: $319,765Expenses 2016: $300,129Net Income 2016: $19,6362016Revenue 2017: $277,063Expenses 2017: $254,167Net Income 2017: $22,8962017Revenue 2018: $265,847Expenses 2018: $253,671Net Income 2018: $12,1762018Revenue 2019: $277,949Expenses 2019: $265,615Net Income 2019: $12,3342019Revenue 2020: $270,417Expenses 2020: $258,289Net Income 2020: $12,1282020Revenue 2021: $319,133Expenses 2021: $279,757Net Income 2021: $39,3762021Revenue 2022: $329,442Expenses 2022: $339,214Net Income 2022: -$9,7722022Revenue 2023: $391,423Expenses 2023: $348,514Net Income 2023: $42,9092023Revenue 2024: $477,993Expenses 2024: $293,497Net Income 2024: $184,4962024

Highlighted filing

2014

Revenue$379,806
Expenses$337,136
Net Income$42,670
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 17, 2015
Return Version
2014v5.0
Gross Receipts
$379,806
Mission and Program Overview

Mission

Foster creation of value-added concepts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$246,287$226,035▼ $20,252
Pledges and Grants Receivable$151,718$201,281▲ $49,563
Land, Buildings, and Equipment, Net$5,233$8,827▲ $3,594
Prepaid Expenses and Deferred Charges$931$2,520▲ $1,589
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$404,169$438,663▲ $34,494
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,176--
Total Liabilities$8,176$0▼ $8,176
Net Assets / Fund Balance
Unrestricted Net Assets$325,993$378,663▲ $52,670
Temporarily Rstr Net Assets$70,000$60,000▼ $10,000
Total Net Assets Fund Balance$395,993$438,663▲ $42,670
Total Liabilities and Net Assets / Fund Balance$404,169$438,663▲ $34,494

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,827$14,615$23,442
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wallace KnockPresident
Myron JohnsonVice President
Bert RognessDirector
Jason EdlemanDirector
Matthew BainbridgeDirector
Reid ChristophersonDirector
Richard GlynnDirector
Robert ClairDirector
Wayne SorenDirector
Cheri RathExecutive Direc
Brenda FormanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$355,122
Program Service Revenue
$0
Investment Income
$788
Other Revenue
$23,896
All Other Contributions
$62,500
Change in Net Assets
$42,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$379,806
Revenue Not Reported on Form 990
$17,895
Total Revenue per Audited Statements
$397,701
Total Revenue per Form 990
$379,806
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$337,136
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
Travel---$19,439
Advertising---$12,562
All Other Expenses---$5,483
Occupancy---$4,800
Fees for Services Accounting---$4,240
Other Expenses---$3,172
Conferences and Meetings---$2,920
Insurance---$2,017
Depreciation Depletion---$1,846
Office Expenses---$1,500
Total Functional Expenses$0$0$0$337,136

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$355,031
Expenses per Audited Statements$337,136
Total Expenses per Form 990$337,136
Expenses Not Reported on Form 990$17,895
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

All persons, corporations, cooperatives and other legal entities which make a contribution to the corporation and agree to participate according to the terms and conditions imposed by the corporation from time to time shall be deemed members upon approval by the board of directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is provided to the board members to review before signing and mailing in to the irs

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

All documents are available upon request at the organization's office

Filing and Contact Details

Filer

Filer Name
Value Added Ag Development Center
EIN
46-0452883
Phone
6052249402
Address
222 E CAPITOL AVE SUITE 1, PIERRE, SD 57501

Signing Officer

Name
Wallace Knock
Title
President
Signed
2015-08-17
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Sd
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Stulken Petersen Lingle Walti & Jones LLP
Address
PO Box 578, Pierre, SD 57501-0578
Preparer
David J Lingle
Phone
6052245828
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Accounting standards prescribe a recognition threshold of more likely than not, as a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. At December 31, 2014, the Center believes there are no uncertain tax positions or liabilities, or interest and penalties associated with uncertain tax positions. If the Center had interest and penalties related to uncertain tax positions, it would be accounted for as a component of income tax expense. In accordance with the applicable statute of limitations, the Center's tax returns could be audited by the Internal Revenue Service for the years ended December 31, 2011 to 2014.

Raw XML Appendix399 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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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0151718
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0201281
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0931
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02520
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0296499
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0688
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0278677
IRS990/PYOtherRevenueAmt019094
IRS990/PYRevenuesLessExpensesAmt037604
IRS990/PYTotalExpensesAmt0278677
IRS990/PYTotalRevenueAmt0316281
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt042670
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt017895
IRS990ScheduleD/DonatedServicesUseFcltsAmt017895
IRS990ScheduleD/ExpensesNotReportedAmt017895
IRS990ScheduleD/ExpensesSubtotalAmt0337136
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08827
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt014615
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt023442
IRS990ScheduleD/RevenueNotReportedAmt017895
IRS990ScheduleD/RevenueSubtotalAmt0379806
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting standards prescribe a recognition threshold of more likely than not, as a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. At December 31, 2014, the Center believes there are no uncertain tax positions or liabilities, or interest and penalties associated with uncertain tax positions. If the Center had interest and penalties related to uncertain tax positions, it would be accounted for as a component of income tax expense. In accordance with the applicable statute of limitations, the Center's tax returns could be audited by the Internal Revenue Service for the years ended December 31, 2011 to 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08827
IRS990ScheduleD/TotalExpensesPerForm990Amt0337136
IRS990ScheduleD/TotalRevenuePerForm990Amt0379806
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0397701
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0355031
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL PERSONS, CORPORATIONS, COOPERATIVES AND OTHER LEGAL ENTITIES WHICH MAKE A CONTRIBUTION TO THE CORPORATION AND AGREE TO PARTICIPATE ACCORDING TO THE TERMS AND CONDITIONS IMPOSED BY THE CORPORATION FROM TIME TO TIME SHALL BE DEEMED MEMBERS UPON APPROVAL BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE BOARD MEMBERS TO REVIEW BEFORE SIGNING AND MAILING IN TO THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt070000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt060000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0404169
IRS990/TotalAssetsEOYAmt0438663
IRS990/TotalAssetsGrp/BOYAmt0404169
IRS990/TotalAssetsGrp/EOYAmt0438663
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0355122
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0337136
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08176
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt08176
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0395993
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0438663
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0788
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt023896
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0379806
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0404169
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0438663
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt019439
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0325993
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0378663
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.SDVAULEADDED.COOP
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALLACE KNOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-08-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALUE ADDED AG DEVELOPMENT CENTER
ReturnHeader/Filer/BusinessNameControlTxt0VALU
ReturnHeader/Filer/EIN0460452883
ReturnHeader/Filer/PhoneNum06052249402
ReturnHeader/Filer/USAddress/AddressLine1Txt0222 E CAPITOL AVE SUITE 1
ReturnHeader/Filer/USAddress/CityNm0PIERRE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057501
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stulken Petersen Lingle Walti & Jones LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 578
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pierre
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0575010578
ReturnHeader/PreparerPersonGrp/PhoneNum06052245828
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J LINGLE
ReturnHeader/ReturnTs02015-08-17T07:07:09-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.92$0.12$7.80$4.78$2.93$1.84
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.95$0.00$5.95$3.91$3.49$0.43
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$0.02$5.53$3.29$3.39$0.10
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$0.03$5.62$3.19$2.80$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.01$5.23$2.70$2.58$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.11$0.01$5.11$2.78$2.66$0.12
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$0.07$4.98$2.66$2.54$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.92$0.06$4.86$2.77$2.54$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.66$0.02$4.63$3.20$3.00$0.20
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.47$0.04$4.44$2.24$2.19$0.05
2014Detailed filing. Detailed filing data is available for this year.$4.39$0.00$4.39$3.80$3.37$0.43
2013Detailed filing. Detailed filing data is available for this year.$4.04$0.08$3.96$3.16$2.79$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$0.10$3.58$2.99
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.49$0.06$3.43$3.22