Civic Intelligence

Shared Resources Inc

990 • Fiscal year 2024 • EIN 87-3999581

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

Organization Profile
47381 248th StDell Rapids, SD 57022

(605) 910-5870

Siviq Scores

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

Liabilities / Assets

38th percentile

0.40x

Higher debt load relative to assets than 38% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

17328.69x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

1st percentile

-13338%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$217,962

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 27943.8% of source-year revenue.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Source year 2024

Asset Growth

99th percentile

462%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2024 filings • 501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$33,905,750

Up $27,873,430 (+462%) from 2023

Net Assets

Up

$20,389,373

Up $14,905,558 (+272%) from 2023

Liabilities

Up

$13,516,377

Up $12,967,872 (+2364%) from 2023

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin1st percentile

Revenue

Down

$780

Down $32,085 (-98%) from 2023

Expenses

Up

$104,819

Up $74,196 (+242%) from 2023

Net Income

Down

-$104,039

Down $106,281 (-4740%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$40M$30M$20M$10M$0Assets 2023: $6,032,320Liabilities 2023: $548,505Net Assets 2023: $5,483,8152023Assets 2024: $33,905,750Liabilities 2024: $13,516,377Net Assets 2024: $20,389,3732024

Highlighted filing

2024

Assets$33,905,750
Liabilities$13,516,377
Net Assets$20,389,373
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$200K$100K$0-$100K-$200KRevenue 2023: $32,865Expenses 2023: $30,623Net Income 2023: $2,2422023Revenue 2024: $780Expenses 2024: $104,819Net Income 2024: -$104,0392024

Highlighted filing

2024

Revenue$780
Expenses$104,819
Net Income-$104,039
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
$780
Mission and Program Overview

Mission

Provide water service for use and benefit of its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,516,842$25,176,484▲ $19,659,642
Pledges and Grants Receivable-$7,966,135-
Accounts Receivable$294,987$513,951▲ $218,964
Cash and Non-Interest-Bearing Accounts$218,364$226,277▲ $7,913
Investments in Publicly Traded Securities-$20,780-
Prepaid Expenses and Deferred Charges$2,127$2,123▼ $4
Total Assets$6,032,320$33,905,750▲ $27,873,430
Liabilities
Accounts Payable and Accrued Expenses$548,505$8,551,521▲ $8,003,016
Mortgage Notes Payable Secured by Investment Property-$4,964,856-
Total Liabilities$548,505$13,516,377▲ $12,967,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,483,815$20,389,373▲ $14,905,558
Total Net Assets Fund Balance$5,483,815$20,389,373▲ $14,905,558
Total Liabilities and Net Assets / Fund Balance$6,032,320$33,905,750▲ $27,873,430

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$21,683,230-$21,683,230
Land$3,493,254-$3,493,254
Compensation and Service Providers
Top Officer Pay53rd percentile

Employees

NameTitleBaseOtherTotal
Lloyd RavePresident$1,250$4,800$6,050
Rodney Van Der VlietSecretary/tr$900$4,300$5,200
David StearnsDirector$1,125$3,500$4,625
David HowardDirector$1,125$3,000$4,125
Dan DannenbringVice Preside$1,575-$1,575
Reggie GassmanDirector$1,575-$1,575
Vince NelsonDirector$1,575-$1,575

Board Members and Trustees

NameTitle
Scott BussManager

Highest Paid Contractors

ContractorServicesLocationCompensation
Rice Lake WestConstruction221 CORPORATE CIRCLE SUITE D, Golden, CO 80401$8,705,099
Banner AssociatesEngineering409 22ND AVE S, Brookings, SD 57006$2,449,163
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$780
Other Revenue
$0
Change in Net Assets
$-104,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,694
Salaries, Compensation, and Employee Benefits$9,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$37,938
Fees for Services Legal---$15,494
Current Officers, Directors, Trustees, and Key Employees---$9,125
Insurance---$2,324
Other Expenses---$1,019
All Other Expenses---$1,008
Office Expenses---$37
Total Functional Expenses$0$0$0$104,819
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
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Membership in the corporation shall consist of minnehaha community water, corp., and big sioux community water system, inc. Additional applicants for membership must be approved by the board of directors and must pay such membership fees as are fixed by the board of directors from time to time.”

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

“Member, minnehaha community water corp., shall nominate and elect four directors to this corporation. Member, big sioux community water, shall elect three directors to this corporation. Directors terms shall be for a period of three years. At each annual meeting, the member who had initially nominated and elected said director whose term is expiring shall choose a successor to succeed those directors whose terms have expired.”

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

“The business and affairs of the corporation shall be managed by the board of directors which shall exercise all of the powers of the corporation except those that are reserved to the members by law, the articles of incorporation or by-laws. Each member shall be entitled to one vote. All questions shall be decided by a vote of a majority of the members voting.”

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

“Review of the 990 will be performed by the managing company.”

Form 990, Page 6, Part VI, Line 19

“They are on file at the corporate office and copies are available upon request”

Filing and Contact Details

Filer

Filer Name
Shared Resources Inc
EIN
87-3999581
Phone
6059105870
Address
47381 248TH ST, DELL RAPIDS, SD 57022

Signing Officer

Name
Lloyd Rave
Title
President
Phone
6054283374
Signed
2025-11-12

Organization Details

Principal Officer
Lloyd Rave
Formed
2023
Legal Domicile
Sd
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Kmwf & Associates Pc
Address
PO BOX 165, DELL RAPIDS, SD 57022-0165
Preparer
Kirby Fitzgerald
Phone
6054285694
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Add members/government contributions 15,009,597”

Raw XML Appendix353 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP IN THE CORPORATION SHALL CONSIST OF MINNEHAHA COMMUNITY WATER, CORP., AND BIG SIOUX COMMUNITY WATER SYSTEM, INC. ADDITIONAL APPLICANTS FOR MEMBERSHIP MUST BE APPROVED BY THE BOARD OF DIRECTORS AND MUST PAY SUCH MEMBERSHIP FEES AS ARE FIXED BY THE BOARD OF DIRECTORS FROM TIME TO TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBER, MINNEHAHA COMMUNITY WATER CORP., SHALL NOMINATE AND ELECT FOUR DIRECTORS TO THIS CORPORATION. MEMBER, BIG SIOUX COMMUNITY WATER, SHALL ELECT THREE DIRECTORS TO THIS CORPORATION. DIRECTORS TERMS SHALL BE FOR A PERIOD OF THREE YEARS. AT EACH ANNUAL MEETING, THE MEMBER WHO HAD INITIALLY NOMINATED AND ELECTED SAID DIRECTOR WHOSE TERM IS EXPIRING SHALL CHOOSE A SUCCESSOR TO SUCCEED THOSE DIRECTORS WHOSE TERMS HAVE EXPIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY THE BOARD OF DIRECTORS WHICH SHALL EXERCISE ALL OF THE POWERS OF THE CORPORATION EXCEPT THOSE THAT ARE RESERVED TO THE MEMBERS BY LAW, THE ARTICLES OF INCORPORATION OR BY-LAWS. EACH MEMBER SHALL BE ENTITLED TO ONE VOTE. ALL QUESTIONS SHALL BE DECIDED BY A VOTE OF A MAJORITY OF THE MEMBERS VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEW OF THE 990 WILL BE PERFORMED BY THE MANAGING COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THEY ARE ON FILE AT THE CORPORATE OFFICE AND COPIES ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADD MEMBERS/GOVERNMENT CONTRIBUTIONS 15,009,597
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0460318665
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C12
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IRS990ScheduleR/PaidEmployeesSharingInd0false
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt06032320
IRS990/TotalAssetsEOYAmt033905750
IRS990/TotalAssetsGrp/BOYAmt06032320
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IRS990/TotalCompGreaterThan150KInd0true
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0104819
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0548505
IRS990/TotalLiabilitiesEOYAmt013516377
IRS990/TotalLiabilitiesGrp/BOYAmt0548505
IRS990/TotalLiabilitiesGrp/EOYAmt013516377
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IRS990/TotalOtherCompensationAmt053965
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0780
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt033905750
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0DELL RAPIDS
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IRS990/USAddress/ZIPCd057022
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LLOYD RAVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06054283374
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHARED RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0SHAR
ReturnHeader/Filer/EIN0873999581
ReturnHeader/Filer/PhoneNum06059105870
ReturnHeader/Filer/USAddress/AddressLine1Txt047381 248TH ST
ReturnHeader/Filer/USAddress/CityNm0DELL RAPIDS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
ReturnHeader/Filer/USAddress/ZIPCd057022
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0460387944
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KMWF & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 165
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DELL RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0570220165
ReturnHeader/PreparerPersonGrp/PhoneNum06054285694
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRBY FITZGERALD
ReturnHeader/ReturnTs02025-11-12T12:52:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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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
$33,905,750
Liabilities
$13,516,377
Net assets
$20,389,373
Revenue
$780
Expenses
$104,819
Net income
-$104,039
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.9$13.5$20.4$0.00$0.10$0.10
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.03$0.55$5.48$0.03$0.03$0.00