Civic Intelligence

Dakota State University Applied Research

EIN 88-4334714 • 501(c)3 • Madison, SD

NTEE U40

Profile

NONE

820 N Washington AveMadison, SD 57042

dsu-arc.org

Siviq Scores

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

Liabilities / Assets

99th percentile

5.12x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.04x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

31st percentile

-3.7%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

96th percentile

$347,370

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 34.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-41%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

365%

Faster revenue growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$8,573

Down $6,043 (-41%) from 2023

Liabilities

Up

$43,911

Up $31,363 (+250%) from 2023

Net Assets

Down

-$35,338

Down $37,406 (-1809%) from 2023

Revenue

Up

$1,000,000

Up $785,000 (+365%) from 2023

Expenses

Up

$1,037,406

Up $824,474 (+387%) from 2023

Net Income

Down

-$37,406

Down $39,474 (-1909%) from 2023

Trend Graphs

Balance Sheet Trend

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

$60K$40K$20K$0-$20K-$40KAssets 2023: $14,616Liabilities 2023: $12,548Net Assets 2023: $2,0682023Assets 2024: $8,573Liabilities 2024: $43,911Net Assets 2024: -$35,3382024

Highlighted filing

2024

Assets$8,573
Liabilities$43,911
Net Assets-$35,338

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2023: $215,000Expenses 2023: $212,932Net Income 2023: $2,0682023Revenue 2024: $1,000,000Expenses 2024: $1,037,406Net Income 2024: -$37,4062024

Highlighted filing

2024

Revenue$1,000,000
Expenses$1,037,406
Net Income-$37,406

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$1,000,000
Mission and Program Overview

Mission

NONE

Conduct applied/problem-driven cybersecurity research to support cybersecurity needs in the u.s.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$14,616$8,573▼ $6,043
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$2,068$-35,338▼ $37,406
Total Assets$14,616$8,573▼ $6,043
Liabilities
Accounts Payable and Accrued Expenses$12,548$43,911▲ $31,363
Total Liabilities$12,548$43,911▲ $31,363
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,068$-35,338▼ $37,406
Total Liabilities and Net Assets / Fund Balance$14,616$8,573▼ $6,043
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stacy KooistraCOO & General CounselFT$282,693$282,693
Andrea ThompsonVice Chair/CEO (nov 2023)FT$87,692$87,692

Board Members and Trustees

NameTitle
Sara VenhuizenChair
Dr Jose-marie GriffithsInterim CEO/vice Chair (nov 2023)
Miles BeacomBoard Member
Nathan LukkesBoard Member
Stacy KrusemarkSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-37,406
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$944,061
Other Expenses$93,345
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$904,903-$904,903
Payroll Taxes-$39,158-$39,158
Other Expenses-$22,266-$22,266
Fees for Services Other-$18,548-$18,548
Travel-$14,367-$14,367
Information Technology-$12,874-$12,874
Occupancy-$9,075-$9,075
Fees for Services Accounting-$8,683-$8,683
Office Expenses-$3,230-$3,230
Insurance-$3,059-$3,059
Conferences and Meetings-$884-$884
All Other Expenses-$359-$359
Total Functional Expenses$0$1,037,406$0$1,037,406
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

The board of directors shall, by resolution adopted by a majority of the entire board, designate from among its members an executive committee consisting of three or more directors, including the chair of the board of directors, the majority of whom shall hold active security clearances at or above the minimum level required. The board of directors may designate one or more directors as alternate members of the executive committee, who may replace any absent member or members of the executive committee at any meeting thereof. In the interim between meetings of the board of directors, the executive committee shall have all the authority of the board of directors except to amend these bylaws or as otherwise provided by law. All acts done and powers and authority conferred by the executive committee from time to time within the scope of its authority shall be, and may be deemed to be, and may be certified as being, the act and under the authority of the board of directors. The chair of the board shall preside at all meetings of the executive committee. The executive committee shall elect from its members a chair to preside at any meeting of the executive committee at which the chair of the board shall be absent. Two members of the executive committee shall constitute a quorum for the transaction of business.

Form 990, Part VI, Section A, Line 6

The sole member is the south dakota board of regents.

Form 990, Part VI, Section A, Line 7A

The south dakota board of regents appoints the members of the board of directors.

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

The chair and the secretary/treasurer, acting at direction of the executive committee, review the form 990 before it is filed with the irs. A copy of the 990 will be provided to board members before filing.

Form 990, Part VI, Section B, Line 15

The ceo's compensation is determined by the board of directors using an independent compensation consultant. Compensation of officers is determined by the board of directors based on market data of similar positions and budget.

Form 990, Part VI, Section C, Line 19

Documents are not made available to the public.

Filing and Contact Details

Filer

Filer Name
Dakota State University Applied Research
EIN
88-4334714
Phone
6058001332
Address
820 N WASHINGTON AVE, MADISON, SD 57042

Signing Officer

Name
Andrea Thompson
Title
CEO
Phone
6058001332
Signed
2025-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Thompson
Formed
2022
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
2
Employees
2
Volunteers
2

Preparer

Firm
Eide Bailly Llp
Address
345 N REID PL STE 400, SIOUX FALLS, SD 57103-7034
Preparer
Laurie Hanson CPA
Phone
6053391999
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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt3625
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1292507
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt112500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt34800
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt334
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR JOSE-MARIE GRIFFITHS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1NATHAN LUKKES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2STACY KOOISTRA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3STACY KRUSEMARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0INTERIM CEO/VICE CHAIR (NOV 2023)
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2COO & GENERAL COUNSEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3SECRETARY/TREASURER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1325161
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3197731
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE SUPPORTED ORGANIZATION, DAKOTA STATE UNIVERSITY, USES THE METHODS IN LINE 3 TO PROVIDE A RECOMMENDATION TO THE DARC BOARD FOR THE CEO'S COMPENSATION. THE DARC BOARD THEN APPROVES THE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS SHALL, BY RESOLUTION ADOPTED BY A MAJORITY OF THE ENTIRE BOARD, DESIGNATE FROM AMONG ITS MEMBERS AN EXECUTIVE COMMITTEE CONSISTING OF THREE OR MORE DIRECTORS, INCLUDING THE CHAIR OF THE BOARD OF DIRECTORS, THE MAJORITY OF WHOM SHALL HOLD ACTIVE SECURITY CLEARANCES AT OR ABOVE THE MINIMUM LEVEL REQUIRED. THE BOARD OF DIRECTORS MAY DESIGNATE ONE OR MORE DIRECTORS AS ALTERNATE MEMBERS OF THE EXECUTIVE COMMITTEE, WHO MAY REPLACE ANY ABSENT MEMBER OR MEMBERS OF THE EXECUTIVE COMMITTEE AT ANY MEETING THEREOF. IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS EXCEPT TO AMEND THESE BYLAWS OR AS OTHERWISE PROVIDED BY LAW. ALL ACTS DONE AND POWERS AND AUTHORITY CONFERRED BY THE EXECUTIVE COMMITTEE FROM TIME TO TIME WITHIN THE SCOPE OF ITS AUTHORITY SHALL BE, AND MAY BE DEEMED TO BE, AND MAY BE CERTIFIED AS BEING, THE ACT AND UNDER THE AUTHORITY OF THE BOARD OF DIRECTORS. THE CHAIR OF THE BOARD SHALL PRESIDE AT ALL MEETINGS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL ELECT FROM ITS MEMBERS A CHAIR TO PRESIDE AT ANY MEETING OF THE EXECUTIVE COMMITTEE AT WHICH THE CHAIR OF THE BOARD SHALL BE ABSENT. TWO MEMBERS OF THE EXECUTIVE COMMITTEE SHALL CONSTITUTE A QUORUM FOR THE TRANSACTION OF BUSINESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER IS THE SOUTH DAKOTA BOARD OF REGENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOUTH DAKOTA BOARD OF REGENTS APPOINTS THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHAIR AND THE SECRETARY/TREASURER, ACTING AT DIRECTION OF THE EXECUTIVE COMMITTEE, REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. A COPY OF THE 990 WILL BE PROVIDED TO BOARD MEMBERS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING AN INDEPENDENT COMPENSATION CONSULTANT. COMPENSATION OF OFFICERS IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON MARKET DATA OF SIMILAR POSITIONS AND BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SOUTH DAKOTA BOARD OF REGENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1DAKOTA STATE UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0466000364
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1466000364
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERN THE SYSTEM OF PUBLIC HIGHER EDUCATION IN THE STATE OF SOUTH DAKOTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1POST SECONDARY INSTITUTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0306 EAST CAPITOL AVE STE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1820 N WASHINGTON AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PIERRE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MADISON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1SD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd057501
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd157042
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt014616

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