Civic Intelligence

Dakota Bioworx

EIN 88-2205210 • 501(c)3 • Brookings, SD

Profile

Provide funding for a 45,000 square foot specialized laboratory facility to be built at south dakota state university

2405 Research Park WayBrookings, SD 57006

dbii.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.08x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.09x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

95th percentile

80%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

88th percentile

58%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$6,025,494

Up $3,010,470 (+100%) from 2023

Liabilities

Up

$508,906

Up $508,906 from 2023

Net Assets

Up

$5,516,588

Up $2,501,564 (+83%) from 2023

Revenue

Up

$5,394,745

Up $2,747,877 (+104%) from 2023

Expenses

Up

$3,302,562

Up $1,817,718 (+122%) from 2023

Net Income

Up

$2,092,183

Up $930,159 (+80%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2022: $1,853,000Liabilities 2022: $0Net Assets 2022: $1,853,0002022Assets 2023: $3,015,024Liabilities 2023: $0Net Assets 2023: $3,015,0242023Assets 2024: $6,025,494Liabilities 2024: $508,906Net Assets 2024: $5,516,5882024

Highlighted filing

2024

Assets$6,025,494
Liabilities$508,906
Net Assets$5,516,588

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Revenue 2022: $2,148,320Expenses 2022: $295,320Net Income 2022: $1,853,0002022Revenue 2023: $2,646,868Expenses 2023: $1,484,844Net Income 2023: $1,162,0242023Revenue 2024: $5,394,745Expenses 2024: $3,302,562Net Income 2024: $2,092,1832024

Highlighted filing

2024

Revenue$5,394,745
Expenses$3,302,562
Net Income$2,092,183

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$5,394,745
Mission and Program Overview

Mission

Providing funding for a 45,000 square foot specialized laboratory facility to be built at south dakota state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,186,329$4,882,840▲ $2,696,511
Cash and Non-Interest-Bearing Accounts$828,695$836,561▲ $7,866
Pledges and Grants Receivable-$122,117-
Total Assets$3,015,024$6,025,494▲ $3,010,470
Other Assets Total$0$183,976▲ $183,976
Liabilities
Other Liabilities$0$421,386▲ $421,386
Accounts Payable and Accrued Expenses-$87,520-
Total Liabilities$0$508,906▲ $508,906
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,015,024$5,516,588▲ $2,501,564
Total Net Assets Fund Balance$3,015,024$5,516,588▲ $2,501,564
Total Liabilities and Net Assets / Fund Balance$3,015,024$6,025,494▲ $3,010,470

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,468,283$2,087,003-
Leasehold Improvements$1,414,557$114,693-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Craig ArnoldExecutive DirectorFT$234,144$234,144

Board Members and Trustees

NameTitle
Daniel SchollPresident
Barry DunDirector
David ChicoineDirector
David IversonDirector
James RankinDirector
Jeff LauttDirector
Mark LueckeDirector
Nathan LukkesDirector
Laurie AndersonSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
42north LLCExecutive Management And Consulting Serv5103 S RIVER PARK PLACE, Sioux Falls, SD 57108$234,144
Aloide LLCAdvertising And Marketing Services3571 S SPENCER BLVD, Sioux Falls, SD 57103$123,895
Revenue and Support

Revenue Composition

Contributions and Grants
$5,124,870
Program Service Revenue
$269,495
Investment Income
$0
Other Revenue
$380
All Other Contributions
$304,570
Change in Net Assets
$2,092,183

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$304,570Fair Market Value (FMV)
Total Noncash Contributions1$304,570-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,394,745
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,394,745
Total Revenue per Form 990
$5,394,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,033,886
Salaries, Compensation, and Employee Benefits$268,676
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,297,072$144,119-$1,441,191
Occupancy$281,461$70,365-$351,826
Other Salaries and Wages$198,738$49,685-$248,423
Fees for Services Management$234,144--$234,144
Advertising$100,841$25,210-$126,051
Office Expenses$71,416$17,854-$89,270
Fees for Services Legal-$62,343-$62,343
Insurance$46,198$11,550-$57,748
Other Expenses$55,031$8,970-$55,031
All Other Expenses$25,533$16,595-$42,128
Other Employee Benefits$16,202$4,051-$20,253
Travel$9,944$2,486-$12,430
Interest$11,428--$11,428
Fees for Services Accounting-$5,627-$5,627
Total Functional Expenses$2,883,707$418,855$0$3,302,562

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,302,562
Total Expenses per Audited Statements$3,302,562
Total Expenses per Form 990$3,302,562
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by Executive DirectorINDEPENDENT CONTRACTOR AGREEMENT; CONSULTING/MANAGEMENT SERVICESNo$234,144
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Finance Lease Liability$236,614
Operating Lease Liability$184,772
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Organization's process to review form 990: officers review the return in detail. A copy of return is provided to each member of the board of directors. The preparer is available for questions or comments.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflicts policy: each director, principal officer, and member of a committee with the governing board-delegated powers are required to sign the conflict of interest policy on an annual basis and disclose any conflicts of interest.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request to the public.

Part VII Section A

The executive director is engaged through a consulting arrangement with 42north llc, which provides management services to dakota bioworx. Payments are made to 42north llc and reported on form 1099. The compensation reported reflects the portion attributable to the executive director's services.

Part VIII Line 1E

Government grant revenue reported on part viii, line 1e, consists of state-sourced funding administered through south dakota state university and south dakota school of mines & technology. These funds support laboratory development, operations, and research initiatives. The organization is not a direct recipient of federal assistance subject to the uniform guidance (single audit).

Part VIII Line 1F

The organization received in-kind support consisting of building space provided at no cost under a lease agreement. The estimated fair value of $304,570 has been included in both contribution revenue (part viii, line 1f) and rent expense.

Filing and Contact Details

Filer

Filer Name
Dakota Bioworx
EIN
88-2205210
Phone
7125406090
Address
2405 RESEARCH PARK WAY, BROOKINGS, SD 57006

Signing Officer

Name
Craig Arnold
Title
Executive Director
Phone
7125406090
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Arnold
Formed
2022
Legal Domicile
Sd
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
0

Preparer

Firm
Paceline Accounting Group Llp
Address
416 SOUTH SECOND AVENUE, SIOUX FALLS, SD 57104-6904
Preparer
Cathy Harr
Phone
6053312550
Supplemental Narrative

Additional Explanations

Part IX, Line 16

Occupancy expense includes both cash rent and donated building space valued at $304,570. The fair value of donated space is included as contribution revenue in part viii, line 1f, and as occupancy expense in part ix, line 16.

Schedule A, Part II, Line 1A

Government grants and appropriations reported on schedule a, part ii, line 1a include funding from south dakota state university and south dakota school of mines and technology. These amounts represent state-sourced support and are considered contributions from governmental units under irc 170(b)(1)(a)(vi). In-kind contributions consist of building space provided for program operations.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the internal revenue code and is also exempt from state income taxes. Accordingly, no provision for income taxes has been made in the financial statements. The organization evaluates any uncertain tax positions in accordance with the provisions of asc topic 740, income taxes, which prescribes a recognition threshold and measurement process for uncertain tax positions taken or expected to be taken in a tax return. Management has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. The organization's federal and state informational returns remain open to examination by taxing authorities generally for three years after filing.

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IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0421386
IRS990/OtherRevenueMiscGrp/BusinessCd0541380
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0380
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0380
IRS990/OtherRevenueTotalAmt0380
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049685
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0198738
IRS990/OtherSalariesAndWagesGrp/TotalAmt0248423
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0122117
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CRAIG ARNOLD
IRS990/PriorPeriodAdjustmentsAmt0409381
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532420
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0269495
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0269495
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02396868
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01468636
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0250000
IRS990/PYRevenuesLessExpensesAmt01162024
IRS990/PYSalariesCompEmpBnftPaidAmt016208
IRS990/PYTotalExpensesAmt01484844
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02646868
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02092183
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0269875
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05124870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05124870
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0269495
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0269495
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95000
IRS990ScheduleA/PublicSupportTotal170Amt05124870
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05124870
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05124870
IRS990ScheduleA/TotalSupportAmt05394365
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/BookValueAmt03468283
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02087003
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt05555286
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03302562
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01414557
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0114693
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt01529250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0184772
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1236614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1FINANCE LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05394745
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION EVALUATES ANY UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL AND STATE INFORMATIONAL RETURNS REMAIN OPEN TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04882840
IRS990ScheduleD/TotalExpensesPerForm990Amt03302562
IRS990ScheduleD/TotalLiabilityAmt0421386
IRS990ScheduleD/TotalRevenuePerForm990Amt05394745
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05394745
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03302562
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0234144
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CRAIG ARNOLD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0234144
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR, CRAIG ARNOLD, PROVIDES MANAGEMENT AND ADMINISTRATIVE SERVICES TO DAKOTA BIOWORX THROUGH HIS CONSULTING FIRM, 42 NORTH LLC, UNDER AN INDEPENDENT CONTRACTOR AGREEMENT. ALL AMOUNTS REPORTED ON FORM 990, PART VII, SECTION A REPRESENT PAYMENTS TO 42 NORTH LLC FOR THOSE SERVICES, NOT DIRECT WAGES TO MR. ARNOLD. NO BONUSES, INCENTIVE COMPENSATION, OR OTHER NON-FIXED BENEFITS WERE PROVIDED. THE COMPENSATION WAS DETERMINED AND APPROVED BY THE BOARD BASED ON THE MANAGEMENT AGREEMENT IN PLACE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt042NORTH LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0234144
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INDEPENDENT CONTRACTOR AGREEMENT; CONSULTING/MANAGEMENT SERVICES
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0DONATED USE OF FACILITIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0304570
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S PROCESS TO REVIEW FORM 990: OFFICERS REVIEW THE RETURN IN DETAIL. A COPY OF RETURN IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS. THE PREPARER IS AVAILABLE FOR QUESTIONS OR COMMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY: EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH THE GOVERNING BOARD-DELEGATED POWERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND DISCLOSE ANY CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR IS ENGAGED THROUGH A CONSULTING ARRANGEMENT WITH 42NORTH LLC, WHICH PROVIDES MANAGEMENT SERVICES TO DAKOTA BIOWORX. PAYMENTS ARE MADE TO 42NORTH LLC AND REPORTED ON FORM 1099. THE COMPENSATION REPORTED REFLECTS THE PORTION ATTRIBUTABLE TO THE EXECUTIVE DIRECTOR'S SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNMENT GRANT REVENUE REPORTED ON PART VIII, LINE 1E, CONSISTS OF STATE-SOURCED FUNDING ADMINISTERED THROUGH SOUTH DAKOTA STATE UNIVERSITY AND SOUTH DAKOTA SCHOOL OF MINES & TECHNOLOGY. THESE FUNDS SUPPORT LABORATORY DEVELOPMENT, OPERATIONS, AND RESEARCH INITIATIVES. THE ORGANIZATION IS NOT A DIRECT RECIPIENT OF FEDERAL ASSISTANCE SUBJECT TO THE UNIFORM GUIDANCE (SINGLE AUDIT).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION RECEIVED IN-KIND SUPPORT CONSISTING OF BUILDING SPACE PROVIDED AT NO COST UNDER A LEASE AGREEMENT. THE ESTIMATED FAIR VALUE OF $304,570 HAS BEEN INCLUDED IN BOTH CONTRIBUTION REVENUE (PART VIII, LINE 1F) AND RENT EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OCCUPANCY EXPENSE INCLUDES BOTH CASH RENT AND DONATED BUILDING SPACE VALUED AT $304,570. THE FAIR VALUE OF DONATED SPACE IS INCLUDED AS CONTRIBUTION REVENUE IN PART VIII, LINE 1F, AND AS OCCUPANCY EXPENSE IN PART IX, LINE 16.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNMENT GRANTS AND APPROPRIATIONS REPORTED ON SCHEDULE A, PART II, LINE 1A INCLUDE FUNDING FROM SOUTH DAKOTA STATE UNIVERSITY AND SOUTH DAKOTA SCHOOL OF MINES AND TECHNOLOGY. THESE AMOUNTS REPRESENT STATE-SOURCED SUPPORT AND ARE CONSIDERED CONTRIBUTIONS FROM GOVERNMENTAL UNITS UNDER IRC 170(B)(1)(A)(VI). IN-KIND CONTRIBUTIONS CONSIST OF BUILDING SPACE PROVIDED FOR PROGRAM OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VII SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART VIII LINE 1E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART VIII LINE 1F
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6PART IX, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7SCHEDULE A, PART II, LINE 1A
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

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