Civic Intelligence

Opportunities Farm

990 • Fiscal year 2015 • EIN 82-0564374

Jan 01, 2015 to Dec 31, 2015 • Filed on May 12, 2016

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

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

13th percentile

0.00x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

39th percentile

$31,280

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

72nd percentile

16%

Faster revenue growth than 72% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$0

Down $1,906,570 (-100%) from 2014

Net Assets

Down

$0

Down $775,697 (-100%) from 2014

Liabilities

Down

$0

Down $1,130,873 (-100%) from 2014

Revenue

Up

$2,689,393

Up $364,093 (+16%) from 2014

Expenses

Up

$3,034,142

Up $603,196 (+25%) from 2014

Net Income

Down

-$344,749

Down $239,103 (-226%) from 2014

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

2015

Assets$0
Liabilities$0
Net Assets$0

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

2015

Revenue$2,689,393
Expenses$3,034,142
Net Income-$344,749
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 12, 2016
Return Version
2015v2.1
Gross Receipts
$2,689,393
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$986,244$0▼ $986,244
Land, Buildings, and Equipment, Net$701,727$0▼ $701,727
Accounts Receivable$112,121$0▼ $112,121
Prepaid Expenses and Deferred Charges$103,878$0▼ $103,878
Investments Other Securities$2,370$0▼ $2,370
Cash and Non-Interest-Bearing Accounts-$0-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$1,906,570$0▼ $1,906,570
Other Assets Total$230$0▼ $230
Liabilities
Mortgage Notes Payable Secured by Investment Property$848,577$0▼ $848,577
Other Liabilities$190,521$0▼ $190,521
Accounts Payable and Accrued Expenses$91,775$0▼ $91,775
Total Liabilities$1,130,873$0▼ $1,130,873
Net Assets / Fund Balance
Unrestricted Net Assets$775,697$0▼ $775,697
Total Net Assets Fund Balance$775,697$0▼ $775,697
Total Liabilities and Net Assets / Fund Balance$1,906,570$0▼ $1,906,570
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jim WosterDirector$31,280$31,280

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$18,494
Program Service Revenue
$2,667,887
Investment Income
$12
Other Revenue
$3,000
Change in Net Assets
$-344,749

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,689,393
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,689,393
Total Revenue per Form 990
$2,689,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,884,161
Salaries, Compensation, and Employee Benefits$149,981
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$128,965--$128,965
Other Salaries and Wages$124,627--$124,627
Interest$33,046--$33,046
Fees for Services Other-$13,000-$13,000
Insurance$12,734--$12,734
Other Expenses$11,560--$11,560
Payroll Taxes$9,465--$9,465
Other Employee Benefits$9,293--$9,293
Office Expenses$2,953$6,325-$9,278
Pension Plan Contributions$6,596--$6,596
Occupancy$3,149$218-$3,367
Advertising-$183-$183
Total Functional Expenses$3,014,416$19,726$0$3,034,142

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,034,142
Total Expenses per Audited Statements$3,034,142
Total Expenses per Form 990$3,034,142
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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 6

The members of the corporation are the board of directors of 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

Filer Name
Opportunities Farm
EIN
82-0564374
Phone
6056977475
Address
815 MEDARY AVENUE BOX 525, BROOKINGS, SD 57007-0499

Signing Officer

Name
Tim Dwire
Title
President
Phone
6056977475
Signed
2016-05-12
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

Firm
Eide Bailly Llp
Address
200 EAST 10TH STREET SUITE 500, SIOUX FALLS, SD 57104
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Operations ceased on 12/31/15. All remaining assets and liabilities were transferred to south dakota state university foundation, a related organization.

FORM 990, PART XI, LINE 9:

Transfer of net assets to sdsu foundation -430,948.

Financial Statement Notes

PART X, LINE 2:

The farm is organized as a south dakota nonprofit corporation that has been recognized by the internal revenue service (irs) as exempt from federal income taxes under section 501 (a) of the internal revenue code as an organization described under section 501(c)(3) and has been determined not to be a private foundation under sections 509(a)(1) and (3), respectively. The farm is annually required to file a return of organization exempt from income tax (form 990) with the irs. In addition, the farm is subject to income tax on net income that is derived from business activities that is unrelated to its exempt purpose. The farm has determined it is not subject to unrelated business income tax and has not filed an exempt organization business income tax return (form 990-t) with the irs. 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.

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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-344749
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt018494
IRS990/RentalIncomeOrLossGrp/RealAmt03000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01869621
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION PROVIDES NON-MONETARY SUPPORT BY PROVIDING EDUCATIONAL OPPORTUNITIES FOR THE STUDENTS OF SDSU. THE ORGANIZATION PROVIDES TEACHING, RESEARCH AND INTERNSHIP OPPORTUNITIES THROUGH THE OPERATION OF THE FARM. THE ORGANIZATION DISSOLVED AS OF 12/31/15 AND TRANSFERRED REMAINING ASSETS TOTALING $430,948 TO SDSU FOUNDATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART 1 COLUMN VI
IRS990ScheduleA/OtherSupportSumAmt03014416
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0460273801
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt03014416
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0SDSU FOUNDATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03034142
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02689393
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FARM IS ORGANIZED AS A SOUTH DAKOTA NONPROFIT CORPORATION THAT HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) AND HAS BEEN DETERMINED NOT TO BE A PRIVATE FOUNDATION UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE FARM IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE FARM IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT IS UNRELATED TO ITS EXEMPT PURPOSE. THE FARM HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt03034142
IRS990ScheduleD/TotalRevenuePerForm990Amt02689393
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02689393
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03034142
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1ACCOUNTS RECEIVABLE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2PROPERTY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc3MARGIN DEPOSITS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt2SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt3SOUTH DAKOTA STATE UNIVERSITY FOUNDATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt22015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt32015-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0460273801
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1460273801
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN2460273801
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN3460273801
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt0153459
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt154334
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt2220785
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt32370
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt2501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt3501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BALANCE IN GENERAL LEDGER AS OF 12/31/15.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1BALANCE IN GENERAL LEDGER AS OF 12/31/15.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt2BALANCE IN GENERAL LEDGER AS OF 12/31/15.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt3BALANCE IN GENERAL LEDGER AS OF 12/31/15.
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0815 MEDARY AVENUE BOX 525
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1815 MEDARY AVENUE BOX 525
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt2815 MEDARY AVENUE BOX 525
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt3815 MEDARY AVENUE BOX 525
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0BROOKINGS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1BROOKINGS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm2BROOKINGS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm3BROOKINGS
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0SD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1SD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd2SD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd3SD
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd0570070499
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd1570070499
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd2570070499
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd3570070499
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATIONS CEASED ON 12/31/15. ALL REMAINING ASSETS AND LIABILITIES WERE TRANSFERRED TO SOUTH DAKOTA STATE UNIVERSITY FOUNDATION, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT FUNCTIONS ARE DELEGATED, IN PART, TO THE ORGANIZATION'S CONTROLLING ORGANIZATION, SOUTH DAKOTA STATE UNIVERSITY FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE CORPORATION ARE THE BOARD OF DIRECTORS OF SOUTH DAKOTA STATE UNIVERSITY FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE ARE NO COMMITTEES AUTHORIZED TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6TRANSFER OF NET ASSETS TO SDSU FOUNDATION -430,948.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7JIM 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 III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A:
IRS990ScheduleR/AssetExchangeInd00

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