Civic Intelligence

Value Added Ag Development Center

990 • Fiscal year 2023 • EIN 46-0452883

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileWWW.SDVAULEADDED.COOP
116 E Dakota Ave BPierre, SD 57501

(605) 224-9402

Siviq Scores

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

Liabilities / Assets

40th percentile

0.00x

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

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.00x

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

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Net Margin

66th percentile

11%

Higher net margin than 66% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2023

Asset Growth

65th percentile

7.3%

Faster asset growth than 65% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

80th percentile

19%

Faster revenue growth than 80% of similar nonprofits.

2023 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$595,420

Up $40,708 (+7.3%) from 2022

Net Assets

Up

$595,420

Up $42,909 (+7.8%) from 2022

Liabilities

Down

$0

Down $2,201 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue40th percentileNet Margin66th percentile

Revenue

Up

$391,423

Up $61,981 (+19%) from 2022

Expenses

Up

$348,514

Up $9,300 (+2.7%) from 2022

Net Income

Up

$42,909

Up $52,681 (+539%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

2023

Assets$595,420
Liabilities$0
Net Assets$595,420
Open 2023 Filing

Operations Trend

Revenue Growth80th percentile

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

2023

Revenue$391,423
Expenses$348,514
Net Income$42,909
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$391,423
Mission and Program Overview

Mission

Foster creation of value-added concepts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$298,476$315,121▲ $16,645
Cash and Non-Interest-Bearing Accounts$253,740$271,929▲ $18,189
Land, Buildings, and Equipment, Net$2,496$8,370▲ $5,874
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$554,712$595,420▲ $40,708
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$2,201--
Total Liabilities$2,201$0▼ $2,201
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$497,511$535,420▲ $37,909
Net Assets With Donor Restrictions$55,000$60,000▲ $5,000
Total Net Assets Fund Balance$552,511$595,420▲ $42,909
Total Liabilities and Net Assets / Fund Balance$554,712$595,420▲ $40,708

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$8,370$18,515$26,885
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Kevin JaspersPresident
Wayne SorenVice President
Ardon WekDirector
Bert RognessDirector
Brad SemanDirector
Heather BeanerDirector
Reid ChristophersonDirector
Rodney TobinDirector
Cheri RathExecutive Director
Brenda Formansec/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$390,941
Program Service Revenue
$0
Investment Income
$482
Other Revenue
$0
All Other Contributions
$74,458
Change in Net Assets
$42,909
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$348,514
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
Conferences and Meetings---$14,693
Occupancy---$10,417
Travel---$6,393
Other Expenses---$4,384
All Other Expenses---$3,215
Insurance---$1,933
Office Expenses---$1,567
Depreciation Depletion---$1,445
Fees for Services Accounting---$893
Advertising---$412
Total Functional Expenses$0$0$0$348,514
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
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
Backup withholding compliance
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
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, Section A, Line 6

“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, Section B, Line 11B

“Form 990 is provided to the board members to review before it is signed and electronically filed.”

Form 990, Part VI, Section B, Line 15A

“The board members meet and discuss if there should be an increase in the compensation for the executive director.”

Form 990, Part VI, Section C, Line 19

“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 B, PIERRE, SD 57501

Signing Officer

Name
Cheri Rath
Title
Executive Director
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Stulken Petersen LLP
Address
222 E Missouri Ave, Pierre, SD 57501
Preparer
David J Lingle
Phone
6052245828
Raw XML Appendix362 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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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08370
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018515
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026885
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08370
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 IT IS SIGNED AND ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS MEET AND DISCUSS IF THERE SHOULD BE AN INCREASE IN THE COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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ReturnHeader/BusinessOfficerGrp/PersonNm0CHERI RATH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
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ReturnHeader/Filer/USAddress/CityNm0PIERRE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460445954
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stulken Petersen LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0222 E Missouri Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pierre
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
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ReturnHeader/PreparerPersonGrp/PhoneNum06052245828
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID J LINGLE
ReturnHeader/ReturnTs02024-11-15T13:15:53-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$595,420
Liabilities
$0
Net assets
$595,420
Revenue
$391,423
Expenses
$348,514
Net income
$42,909
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
2023Detailed filing. Detailed filing data is available for this year.$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