Civic Intelligence

Shared Resources Inc

990 • Fiscal year 2023 • EIN 87-3999581

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

28th percentile

0.09x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

100th percentile

16.69x

Higher debt load relative to revenue than 100% of similar nonprofits.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Net Margin

44th percentile

6.8%

Higher net margin than 44% of similar nonprofits.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$5,800

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 17.6% of source-year revenue.

2023 filings • 501(c)12 • $5M-$10M nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

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

Source year 2023

Revenue Growth

Score unavailable

No value available

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

Source year 2023

Balance Sheet
Liabilities / Assets28th percentile

Assets

$6,032,320

No earlier filing loaded for comparison.

Net Assets

$5,483,815

No earlier filing loaded for comparison.

Liabilities

$548,505

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin44th percentile

Revenue

$32,865

No earlier filing loaded for comparison.

Expenses

$30,623

No earlier filing loaded for comparison.

Net Income

$2,242

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

2023

Assets$6,032,320
Liabilities$548,505
Net Assets$5,483,815
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2023

Revenue$32,865
Expenses$30,623
Net Income$2,242
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$32,865
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-$3,246,959-
Accounts Receivable-$294,987-
Cash and Non-Interest-Bearing Accounts-$218,364-
Prepaid Expenses and Deferred Charges-$2,127-
Total Assets$0$6,032,320▲ $6,032,320
Other Assets Total-$2,269,883-
Liabilities
Accounts Payable and Accrued Expenses-$548,505-
Total Liabilities$0$548,505▲ $548,505
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$5,483,815-
Total Net Assets Fund Balance$0$5,483,815▲ $5,483,815
Total Liabilities and Net Assets / Fund Balance$0$6,032,320▲ $6,032,320

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,246,959-$3,246,959
Other Assets Org$2,269,883--
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleBaseOtherTotal
Lloyd RavePresident$1,000$4,800$5,800
Rodney Van Der VlietSecretary/tr$900$4,350$5,250
David StearnsDirector$900$3,500$4,400
David HowardDirector$900$2,750$3,650
Dan DannenbringVice Preside$900-$900
Vince NelsonDirector$900-$900
Reggie GassmanDirector$675-$675
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$32,865
Change in Net Assets
$2,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,448
Salaries, Compensation, and Employee Benefits$6,175
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal---$16,502
Current Officers, Directors, Trustees, and Key Employees---$6,175
Insurance---$2,206
Other Expenses---$631
Total Functional Expenses$0$0$0$30,623
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
2025-01-15

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

“Prior year contributions 197,418 add members/government contributions 5,284,155 total 5,481,573”

Raw XML Appendix301 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THEY ARE ON FILE AT THE CORPORATE OFFICE AND COPIES ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR YEAR CONTRIBUTIONS 197,418 ADD MEMBERS/GOVERNMENT CONTRIBUTIONS 5,284,155 TOTAL 5,481,573
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 165
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DELL RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0570220165
ReturnHeader/PreparerPersonGrp/PhoneNum06054285694
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIRBY FITZGERALD
ReturnHeader/ReturnTs02025-01-15T09:31:04-05:00
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
$6,032,320
Liabilities
$548,505
Net assets
$5,483,815
Revenue
$32,865
Expenses
$30,623
Net income
$2,242
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
2023Detailed filing. Detailed filing data is available for this year.$6.03$0.55$5.48$0.03$0.03$0.00