Civic Intelligence

Opportunities Farm

990 • Fiscal year 2013 • EIN 82-0564374

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 17, 2014

815 Medary Avenue Box 525Brookings, SD 57007-0499

(605) 697-7475

Siviq Scores

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

Liabilities / Assets

78th percentile

0.50x

Higher debt load relative to assets than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

72nd percentile

0.38x

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

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

43rd percentile

0.6%

Higher net margin than 43% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

47th percentile

$41,280

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

68th percentile

8.8%

Faster asset growth than 68% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$1,861,965

Up $151,258 (+8.8%) from 2012

Net Assets

Up

$929,946

Up $28,827 (+3.2%) from 2012

Liabilities

Up

$932,019

Up $122,431 (+15%) from 2012

Revenue

$2,464,040

No earlier filing loaded for comparison.

Expenses

Up

$2,448,519

Up $66,758 (+2.8%) from 2012

Net Income

$15,521

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,393,791Liabilities 2010: $772,405Net Assets 2010: $621,3862010Assets 2011: $1,473,782Liabilities 2011: $679,278Net Assets 2011: $794,5042011Assets 2012: $1,710,707Liabilities 2012: $809,588Net Assets 2012: $901,1192012Assets 2013: $1,861,965Liabilities 2013: $932,019Net Assets 2013: $929,9462013Assets 2014: $1,906,570Liabilities 2014: $1,130,873Net Assets 2014: $775,6972014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2013

Assets$1,861,965
Liabilities$932,019
Net Assets$929,946

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,415,6092010Expenses 2011: $1,906,1022011Expenses 2012: $2,381,7612012Revenue 2013: $2,464,040Expenses 2013: $2,448,519Net Income 2013: $15,5212013Revenue 2014: $2,325,300Expenses 2014: $2,430,946Net Income 2014: -$105,6462014Revenue 2015: $2,689,393Expenses 2015: $3,034,142Net Income 2015: -$344,7492015

Highlighted filing

2013

Revenue$2,464,040
Expenses$2,448,519
Net Income$15,521
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 17, 2014
Return Version
2013v3.0
Gross Receipts
$2,464,040
Mission and Program Overview

Mission

To provide teaching, research, and internship opportunities for sdsu students with operating profits supporting scholarships and research awards. Performance of three unique feedlot systems will yield valuable information to be shared with south dakota and regional cattle producers to enhance their cattle production systems.

To provide educational opportunities for sdsu students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$947,184$911,625▼ $35,559
Land, Buildings, and Equipment, Net$524,235$738,249▲ $214,014
Accounts Receivable$120,570$83,668▼ $36,902
Prepaid Expenses and Deferred Charges$83,241$81,502▼ $1,739
Investments Other Securities$35,247$46,691▲ $11,444
Total Assets$1,710,707$1,861,965▲ $151,258
Other Assets Total$230$230→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$522,993$861,157▲ $338,164
Accounts Payable and Accrued Expenses$257,877$50,868▼ $207,009
Other Liabilities$24,812$19,994▼ $4,818
Deferred Revenue$3,906--
Total Liabilities$809,588$932,019▲ $122,431
Net Assets / Fund Balance
Unrestricted Net Assets$901,119$929,946▲ $28,827
Total Net Assets Fund Balance$901,119$929,946▲ $28,827
Total Liabilities and Net Assets / Fund Balance$1,710,707$1,861,965▲ $151,258

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$738,249$492,465$1,230,714
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jim WosterDirector$41,280$41,280

Board Members and Trustees

NameTitle
Arlan HagenaPresident
Bill LarsonDirector
David AndersonDirector
Jerry LohrDirector
Myron WilliamsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$18,365
Program Service Revenue
$2,365,188
Investment Income
$77,487
Other Revenue
$3,000
All Other Contributions
$18,365
Change in Net Assets
$15,521

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,464,040
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,056
Total Revenue per Audited Statements
$2,472,096
Total Revenue per Form 990
$2,464,040
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,313,719
Salaries, Compensation, and Employee Benefits$129,550
Grants and Similar Amounts Paid$5,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$127,060--$127,060
Other Salaries and Wages$107,501--$107,501
Interest$27,978--$27,978
Fees for Services Other$13,820--$13,820
Office Expenses$3,391$7,137-$10,528
Insurance$10,495--$10,495
Other Employee Benefits$9,426--$9,426
Payroll Taxes$8,181--$8,181
Other Expenses$6,540--$6,540
Grants to Domestic Orgs$5,250--$5,250
Pension Plan Contributions$4,442--$4,442
Occupancy$2,831$408-$3,239
Fees for Services Legal$1,525--$1,525
Advertising-$170-$170
Total Functional Expenses$2,440,804$7,715$0$2,448,519

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,448,519
Expenses per Audited Statements$2,443,269
Total Expenses per Audited Statements$2,443,269
Expenses Not Reported on Financial Statements$5,250
Other Expense Adjustments$5,250
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
46-0273801-501(c)(3)Scholarships$5,250
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Option Contracts$19,994
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Management functions are delegated, in part, to the organization's controlling organization, south dakota state university foundation.

Form 990, Part VI, Section A, Line 8B

There are no committees authorized to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

The return is reviewed by management and provided to officers and directors. This occurs prior to filing the return. A copy of the return will also be available at the office.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

FORM 990, PART VII, SECTION A:

Jim woster was compensated for work performed for sdsu foundation, not for services relating to responsibilities as a board member of opportunities farm.

Filing and Contact Details

Filer

EIN
82-0564374
Phone
6056977475

Signing Officer

Name
Tim Dwire
Title
VP of Finance - Sdsu Fdtn
Phone
6056977475
Signed
2014-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arlan Hagena
Formed
2002
Legal Domicile
Sd
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Preparer
Beatrice Skyberg
Phone
6053391999
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The farm believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The farm would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

STUDENT AID -5,250.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

STUDENT AID 5,250.

Raw XML AppendixShowing 400 of 473 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/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01655632
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0460273801
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc05
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05250
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10SDSU FOUNDATION
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt05250
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0738249
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0492465
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01230714
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt05250
IRS990ScheduleD/ExpensesSubtotalAmt02443269
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt013306
IRS990ScheduleD/OtherExpensesNotIncludedAmt05250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPTION CONTRACTS
IRS990ScheduleD/OtherRevenueAmt0-5250
IRS990ScheduleD/RevenueNotReportedAmt08056
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02464040
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FARM BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE FARM WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1STUDENT AID -5,250.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2STUDENT AID 5,250.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0738249
IRS990ScheduleD/TotalExpensesPerForm990Amt02448519
IRS990ScheduleD/TotalLiabilityAmt019994
IRS990ScheduleD/TotalRevenuePerForm990Amt02464040
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02472096
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02443269
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05250
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10SDSU FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0460273801
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10815 MEDARY AVE BOX 525
IRS990ScheduleI/RecipientTable/USAddress/City0BROOKINGS
IRS990ScheduleI/RecipientTable/USAddress/State0SD
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode057007
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0OPPORTUNITY FARMS WILL ONLY MAKE GRANTS TO SDSU FOUNDATION, AND SDSU FOUNDATION HAS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS OR ASSISTANCE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT FUNCTIONS ARE DELEGATED, IN PART, TO THE ORGANIZATION'S CONTROLLING ORGANIZATION, SOUTH DAKOTA STATE UNIVERSITY FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS REVIEWED BY MANAGEMENT AND PROVIDED TO OFFICERS AND DIRECTORS. THIS OCCURS PRIOR TO FILING THE RETURN. A COPY OF THE RETURN WILL ALSO BE AVAILABLE AT THE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4JIM WOSTER WAS COMPENSATED FOR WORK PERFORMED FOR SDSU FOUNDATION, NOT FOR SERVICES RELATING TO RESPONSIBILITIES AS A BOARD MEMBER OF OPPORTUNITIES FARM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10SDSU FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11SDSU FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ENTERPRISE INSTITUTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11SDSU FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0710879071
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1460273801
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SUPPORT SCIENTIFIC RESEARCH AND EDUCATIONAL OPPORTUNITIES AT SDSU.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1OBTAIN CONTRIBUTIONS TO BENEFIT SDSU & MANAGEMENT OF RELATED INVESTMENTS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10815 MEDARY AVENUE SUITE 201
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11815 MEDARY AVENUE BOX 525
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0BROOKINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1BROOKINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode057006
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode157006
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

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