Civic Intelligence

Value Added Ag Development Center

990 • Fiscal year 2024 • EIN 46-0452883

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 12, 2025

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

(605) 224-9402

Siviq Scores

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

Liabilities / Assets

68th percentile

0.02x

Higher debt load relative to assets than 68% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.03x

Higher debt load relative to revenue than 69% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Net Margin

91st percentile

39%

Higher net margin than 91% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$147,841

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 30.9% of source-year revenue.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Source year 2024

Asset Growth

92nd percentile

33%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

22%

Faster revenue growth than 82% of similar nonprofits.

2024 filings • 501(c)5 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$791,889

Up $196,469 (+33%) from 2023

Net Assets

Up

$779,916

Up $184,496 (+31%) from 2023

Liabilities

Up

$11,973

Up $11,973 from 2023

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin91st percentile

Revenue

Up

$477,993

Up $86,570 (+22%) from 2023

Expenses

Down

$293,497

Down $55,017 (-16%) from 2023

Net Income

Up

$184,496

Up $141,587 (+330%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth92nd 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

2024

Assets$791,889
Liabilities$11,973
Net Assets$779,916
Open 2024 Filing

Operations Trend

Revenue Growth82nd 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

2024

Revenue$477,993
Expenses$293,497
Net Income$184,496
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$477,993
Mission and Program Overview

Mission

Foster creation of value-added concepts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$271,929$411,515▲ $139,586
Pledges and Grants Receivable$315,121$374,641▲ $59,520
Land, Buildings, and Equipment, Net$8,370$5,733▼ $2,637
Total Assets$595,420$791,889▲ $196,469
Liabilities
Accounts Payable and Accrued Expenses-$11,973-
Total Liabilities$0$11,973▲ $11,973
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$535,420$694,916▲ $159,496
Net Assets With Donor Restrictions$60,000$85,000▲ $25,000
Total Net Assets Fund Balance$595,420$779,916▲ $184,496
Total Liabilities and Net Assets / Fund Balance$595,420$791,889▲ $196,469

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,733$21,152$26,885
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cheri RathExecutive DiFT$147,841$147,841

Board Members and Trustees

NameTitle
Wayne SorenPresident
Bert RognessDirector
Brad SeamanDirector
Heather BeanerDirector
John HorterDirector
Jon KleinjanDirector
Josh KettwigDirector
Brenda FormanSec/treasure
Rodney TobinVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$469,190
Program Service Revenue
$3,552
Investment Income
$565
Other Revenue
$4,686
All Other Contributions
$102,575
Change in Net Assets
$184,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$157,007
Other Expenses$136,490
Total Fundraising Expense$21,035
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,924$36,960$2,957$147,841
Payroll Taxes$6,691$2,292$183$9,166
Occupancy-$8,800-$8,800
Travel$7,908$416-$8,324
Office Expenses-$4,749-$4,749
Insurance-$2,655-$2,655
Depreciation Depletion-$2,637-$2,637
Fees for Services Accounting-$1,588-$1,588
Fees for Services Other-$1,362-$1,362
Other Expenses$81,850$976$17,895$976
Advertising-$297-$297
Fees for Services Management-$206-$206
Conferences and Meetings-$176-$176
All Other Expenses-$60-$60
Total Functional Expenses$204,373$68,089$21,035$293,497
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
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Each person, corporation, cooperative or other legal entity that is a class a member of the corporation shall be entitled to elect one director and one alternative director who may attend and vote at meetings of the board of directors in the absence of the director designated by that member.”

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

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

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

“The organization regularly monitors and enforces the conflict of interest policy by requiring annual signed compliance statements from all directors and officers. Enforcement is carried out during board meetings where any interested person must disclose financial interest and be recused from discussion and voting. Compliance is confirmed by mandatory documentation in meeting minutes. Additionally, the governing body conducts periodic reviews to confirm all compensation and arrangements are reasonable and comply with the policy.”

Form 990, Page 6, Part VI, Line 15A

“After independently completing employee evaluation forms, the board members meet and discuss if there should be an increase in the compensation for the executive director.”

Form 990, Page 6, Part VI, 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 SUITE B, PIERRE, SD 57501

Signing Officer

Name
Brenda Forman
Title
Sec/treasurer
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Soren
Formed
1999
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
9

Preparer

Firm
Carlsonsv Llp
Address
505 HWY 169 N SUITE 100, PLYMOUTH, MN 55441
Preparer
Matt Guyer CPA
Phone
7635429633
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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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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/ExplanationTxt1EACH PERSON, CORPORATION, COOPERATIVE OR OTHER LEGAL ENTITY THAT IS A CLASS A MEMBER OF THE CORPORATION SHALL BE ENTITLED TO ELECT ONE DIRECTOR AND ONE ALTERNATIVE DIRECTOR WHO MAY ATTEND AND VOTE AT MEETINGS OF THE BOARD OF DIRECTORS IN THE ABSENCE OF THE DIRECTOR DESIGNATED BY THAT MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PROVIDED TO THE BOARD MEMBERS TO REVIEW BEFORE IT IS SIGNED AND ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION REGULARLY MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY BY REQUIRING ANNUAL SIGNED COMPLIANCE STATEMENTS FROM ALL DIRECTORS AND OFFICERS. ENFORCEMENT IS CARRIED OUT DURING BOARD MEETINGS WHERE ANY INTERESTED PERSON MUST DISCLOSE FINANCIAL INTEREST AND BE RECUSED FROM DISCUSSION AND VOTING. COMPLIANCE IS CONFIRMED BY MANDATORY DOCUMENTATION IN MEETING MINUTES. ADDITIONALLY, THE GOVERNING BODY CONDUCTS PERIODIC REVIEWS TO CONFIRM ALL COMPENSATION AND ARRANGEMENTS ARE REASONABLE AND COMPLY WITH THE POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AFTER INDEPENDENTLY COMPLETING EMPLOYEE EVALUATION FORMS, THE BOARD MEMBERS MEET AND DISCUSS IF THERE SHOULD BE AN INCREASE IN THE COMPENSATION FOR THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-13T16:17:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$791,889
Liabilities
$11,973
Net assets
$779,916
Revenue
$477,993
Expenses
$293,497
Net income
$184,496
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)5 • $500k-$1M nonprofits