Civic Intelligence

Value Added Ag Development Center

990 • Fiscal year 2015 • EIN 46-0452883

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

116 E Dakota AvePierre, SD 57501

(605) 224-9402

Siviq Scores

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

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)5 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • 501(c)5 • <$500k nonprofits • Source year 2015

Net Margin

45th percentile

2.3%

Higher net margin than 45% of similar nonprofits.

2015 filings • 501(c)5 • <$500k nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

48th percentile

2.0%

Faster asset growth than 48% of similar nonprofits.

2015 filings • 501(c)5 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-41%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)5 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$447,390

Up $8,727 (+2.0%) from 2014

Net Assets

Up

$443,737

Up $5,074 (+1.2%) from 2014

Liabilities

Up

$3,653

Up $3,653 from 2014

Revenue

Down

$224,355

Down $155,451 (-41%) from 2014

Expenses

Down

$219,281

Down $117,855 (-35%) from 2014

Net Income

Down

$5,074

Down $37,596 (-88%) from 2014

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

2015

Assets$447,390
Liabilities$3,653
Net Assets$443,737

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

2015

Revenue$224,355
Expenses$219,281
Net Income$5,074
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.0
Gross Receipts
$224,355
Mission and Program Overview

Mission

Foster creation of value-added concepts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$226,035$317,741▲ $91,706
Pledges and Grants Receivable$201,281$115,074▼ $86,207
Land, Buildings, and Equipment, Net$8,827$9,575▲ $748
Prepaid Expenses and Deferred Charges$2,520$0▼ $2,520
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$438,663$447,390▲ $8,727
Other Assets Total-$5,000-
Liabilities
Other Liabilities-$3,004-
Accounts Payable and Accrued Expenses-$649-
Total Liabilities$0$3,653▲ $3,653
Net Assets / Fund Balance
Unrestricted Net Assets$378,663$386,237▲ $7,574
Temporarily Rstr Net Assets$60,000$57,500▼ $2,500
Total Net Assets Fund Balance$438,663$443,737▲ $5,074
Total Liabilities and Net Assets / Fund Balance$438,663$447,390▲ $8,727

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,575$17,546$27,121
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wallace KnockPresident
Myron JohnsonVice President
Bert RognessDirector
Kevin JaspersDirector
Reid ChristophersonDirector
Richard GlynnDirector
Tim OstremDirector
Wayne SorenDirector
Cheri RathExecutive Direc
Brenda FormanSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$213,497
Program Service Revenue
$0
Investment Income
$762
Other Revenue
$10,096
All Other Contributions
$70,000
Change in Net Assets
$5,074

Audited Revenue Reconciliation

Revenue per Audited Statements
$224,355
Revenue Not Reported on Form 990
$9,662
Total Revenue per Audited Statements
$234,017
Total Revenue per Form 990
$224,355
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$219,281
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---$15,251
Advertising---$10,000
Occupancy---$4,800
Fees for Services Accounting---$4,452
Depreciation Depletion---$2,931
Other Expenses---$2,500
Insurance---$2,113
All Other Expenses---$1,531
Conferences and Meetings---$1,208
Office Expenses---$577
Interest---$101
Total Functional Expenses$0$0$0$219,281

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$228,943
Expenses per Audited Statements$219,281
Total Expenses per Form 990$219,281
Expenses Not Reported on Form 990$9,662
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease$3,004
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
116 E DAKOTA AVE, PIERRE, SD 57501

Signing Officer

Name
Wallace Knock
Title
President
Signed
2016-08-15
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, 2015, 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, 2012 to 2015.

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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/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02520
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0355122
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0788
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0337136
IRS990/PYOtherRevenueAmt023896
IRS990/PYRevenuesLessExpensesAmt042670
IRS990/PYTotalExpensesAmt0337136
IRS990/PYTotalRevenueAmt0379806
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt05074
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
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/DonatedServicesAndUseFcltsAmt09662
IRS990ScheduleD/DonatedServicesUseFcltsAmt09662
IRS990ScheduleD/ExpensesNotReportedAmt09662
IRS990ScheduleD/ExpensesSubtotalAmt0219281
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09575
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017546
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027121
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE
IRS990ScheduleD/RevenueNotReportedAmt09662
IRS990ScheduleD/RevenueSubtotalAmt0224355
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, 2015, 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, 2012 to 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09575
IRS990ScheduleD/TotalExpensesPerForm990Amt0219281
IRS990ScheduleD/TotalLiabilityAmt03004
IRS990ScheduleD/TotalRevenuePerForm990Amt0224355
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0234017
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0228943
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/BOYAmt060000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt057500
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0438663
IRS990/TotalAssetsEOYAmt0447390
IRS990/TotalAssetsGrp/BOYAmt0438663
IRS990/TotalAssetsGrp/EOYAmt0447390
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0213497
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0219281
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt03653
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt03653
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0438663
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0443737
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0762
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt010096
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0224355
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0438663
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0447390
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt015251
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0378663
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0386237
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.SDVAULEADDED.COOP
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALLACE KNOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALUE ADDED AG DEVELOPMENT CENTER
ReturnHeader/Filer/BusinessNameControlTxt0VALU
ReturnHeader/Filer/EIN0460452883
ReturnHeader/Filer/PhoneNum06052249402
ReturnHeader/Filer/USAddress/AddressLine1Txt0116 E DAKOTA AVE
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/ReturnTs02016-08-15T06:40:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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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
2015Detailed filing. Detailed filing data is available for this year.$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