Civic Intelligence

Dri Research Parks Ltd.

990EZ • Fiscal year 2024 • EIN 88-0300074

Jul 01, 2023 to Jun 30, 2024 • Filed on Aug 19, 2024

215 Raggio ParkwayReno, NV 89512

(775) 673-7300

Siviq Scores

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

Liabilities / Assets

98th percentile

5.10x

Higher debt load relative to assets than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

3.17x

Higher debt load relative to revenue than 98% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

99th percentile

1357%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

807%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,485

Up $16,285 (+1357%) from 2023

Net Assets

Up

-$71,652

Up $19,385 (+21%) from 2023

Liabilities

Down

$89,137

Down $3,100 (-3.4%) from 2023

Revenue

Up

$28,109

Up $25,009 (+807%) from 2023

Expenses

Up

$8,724

Up $8,724 from 2023

Net Income

Up

$19,385

Up $16,285 (+525%) from 2023

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2014: $1,200Liabilities 2014: $120,237Net Assets 2014: -$119,0372014Assets 2015: $1,200Liabilities 2015: $117,037Net Assets 2015: -$115,8372015Assets 2016: $1,200Liabilities 2016: $113,937Net Assets 2016: -$112,7372016Assets 2017: $1,200Liabilities 2017: $110,837Net Assets 2017: -$109,6372017Assets 2018: $1,200Liabilities 2018: $107,737Net Assets 2018: -$106,5372018Assets 2019: $1,200Liabilities 2019: $104,637Net Assets 2019: -$103,4372019Assets 2020: $1,200Liabilities 2020: $101,537Net Assets 2020: -$100,3372020Assets 2021: $1,200Liabilities 2021: $98,437Net Assets 2021: -$97,2372021Assets 2022: $1,200Liabilities 2022: $95,337Net Assets 2022: -$94,1372022Assets 2023: $1,200Liabilities 2023: $92,237Net Assets 2023: -$91,0372023Assets 2024: $17,485Liabilities 2024: $89,137Net Assets 2024: -$71,6522024Assets 2025: $42,504Liabilities 2025: $86,037Net Assets 2025: -$43,5332025

Highlighted filing

2024

Assets$17,485
Liabilities$89,137
Net Assets-$71,652

Operations Trend

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

$60K$40K$20K$0Revenue 2014: $53,439Expenses 2014: $50,339Net Income 2014: $3,1002014Revenue 2015: $3,1002015Revenue 2016: $3,100Expenses 2016: $0Net Income 2016: $3,1002016Revenue 2017: $3,100Expenses 2017: $0Net Income 2017: $3,1002017Revenue 2018: $3,100Expenses 2018: $0Net Income 2018: $3,1002018Revenue 2019: $3,100Expenses 2019: $0Net Income 2019: $3,1002019Revenue 2020: $3,100Expenses 2020: $0Net Income 2020: $3,1002020Revenue 2021: $3,100Expenses 2021: $0Net Income 2021: $3,1002021Revenue 2022: $3,100Expenses 2022: $0Net Income 2022: $3,1002022Revenue 2023: $3,100Expenses 2023: $0Net Income 2023: $3,1002023Revenue 2024: $28,109Expenses 2024: $8,724Net Income 2024: $19,3852024Revenue 2025: $28,119Expenses 2025: $0Net Income 2025: $28,1192025

Highlighted filing

2024

Revenue$28,109
Expenses$8,724
Net Income$19,385
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 19, 2024
Return Version
2023v5.0
Gross Receipts
$28,109
Mission and Program Overview

Mission

Aid, support and assist in the maintenance, promotion, growth and improvement of the desert research institute.

The purpose of dri research parks, ltd. (the organization) is to develop, either by itself or in conjunction with other entities, research and development parks on real property leased from the nevada system of higher education. The desert research institute is assisting the organization in planning, developing, marketing and leasing research park sites to prospective tenants. The proceeds of such development and any funds from other sources are to be devoted to aid, support, and assist in the maintenance, promotion, growth and improvement of the desert research institute.

Program Services

DescriptionGrantsExpenses
PLANNING, DEVELOPING, MARKETING AND LEASING RESEARCH PARK SITES TO PROSPECTIVE TENANTS TO AID, SUPPORT, AND ASSIST IN THE MAINTENANCE, PROMOTION, GROWTH AND IMPROVEMENT OF THE DESERT RESEARCH INSTITUTE.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MR PETER ROSSPresidentPT$0--
MS TINA IFTIGERChair-$0--
MS LINDSAY SESSIONSSecretary/Tr-$0--
DR KUMUD ACHARYATrustee-$0--
MR JEFF BRIGGERTrustee-$0--
DR VIC ETYEMEZIANTrustee-$0--
DR MRIDUL GAUTAMTrustee-$0--
MR KARSTEN HEISETrustee-$0--
DR KARIN HILGERSOMTrustee-$0--
MR MIKE KAZMIERSKITrustee-$0--
MS STEPHANIE KRUSETrustee-$0--
MR MICHAEL BENJAMINTrustee-$0--
DR GREG MOSIERTrustee-$0--
MR JEFF PICKETTTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Dri Research Parks Ltd
EIN
88-0300074
Phone
7756737300
Address
215 RAGGIO PARKWAY, RENO, NV 89512

Signing Officer

Name
Mr Peter Ross
Title
President
Phone
7756737300
Signed
2024-08-19

Preparer

Firm
Houldsworth Russo & Company Pc
Address
8675 S EASTERN AVE STE A, LAS VEGAS, NV 89123
Preparer
Jessica P Sayles
Phone
7022699992
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24

Leashold improvements 143,378 143,378 less accumulated depreciation 143,378 143,378 total 0 0

Form 990-ez, Part II, Line 26

Unearned lease revenue 92,237 89,137

Form 990-ez, Part III

The purpose of dri research parks, ltd. (the organization) is to develop, either by itself or in conjunction with other entities, research and development parks on real property leased from the nevada system of higher education. The desert research institute is assisting the organization in planning, developing, marketing and leasing research park sites to prospective tenants. The proceeds of such development and any funds from other sources are to be devoted to aid, support, and assist in the maintenance, promotion, growth and improvement of the desert research institute.

Form 990-ez, Part V

Information regarding personal benefit contracts: during the year, the organization did not receive any funds, directly or indirectly, to pay premiums on a personal benefit contract. During the year, the organization did not pay any premiums, directly or indirectly on a personal benefit contract.

Raw XML Appendix169 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/ExplanationTxt0LEASHOLD IMPROVEMENTS 143,378 143,378 LESS ACCUMULATED DEPRECIATION 143,378 143,378 TOTAL 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNEARNED LEASE REVENUE 92,237 89,137
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PURPOSE OF DRI RESEARCH PARKS, LTD. (THE ORGANIZATION) IS TO DEVELOP, EITHER BY ITSELF OR IN CONJUNCTION WITH OTHER ENTITIES, RESEARCH AND DEVELOPMENT PARKS ON REAL PROPERTY LEASED FROM THE NEVADA SYSTEM OF HIGHER EDUCATION. THE DESERT RESEARCH INSTITUTE IS ASSISTING THE ORGANIZATION IN PLANNING, DEVELOPING, MARKETING AND LEASING RESEARCH PARK SITES TO PROSPECTIVE TENANTS. THE PROCEEDS OF SUCH DEVELOPMENT AND ANY FUNDS FROM OTHER SOURCES ARE TO BE DEVOTED TO AID, SUPPORT, AND ASSIST IN THE MAINTENANCE, PROMOTION, GROWTH AND IMPROVEMENT OF THE DESERT RESEARCH INSTITUTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION REGARDING PERSONAL BENEFIT CONTRACTS: DURING THE YEAR, THE ORGANIZATION DID NOT RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. DURING THE YEAR, THE ORGANIZATION DID NOT PAY ANY PREMIUMS, DIRECTLY OR INDIRECTLY ON A PERSONAL BENEFIT CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART V
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JESSICA P SAYLES
ReturnHeader/ReturnTs02024-08-19T11:55:19-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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