South Dakota State University Growth Partnership Ltd.
South Dakota State University Growth Partnership Ltd.
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About this organization
Revenue
$595,076
Expenses
$811,004
Mission
To build an economic base of newly developed technologies and businesses within South Dakota.
About
The sole purpose in creating and developing the research park in the city of Brookings, South Dakota is to benefit the scientific and educational programs of SDSU. This is accomplished by supporting efforts to apply learning and research to create economic opportunities. The research park through the Brookings Innovation Center provides start-up businesses with access to seasoned entrepreneurs. The resident entrepreneurs include organizations such as copyright and trademark attorneys; a full time CPA; angel funds; and access to the small business development center to develop business plans, marketing plans and financial projections. This past year the Brookings Innovation Center assisted with several student and faculty projects. One student developed a calving app that has several thousand users. One of our faculty businesses successfully received a proof of concept grant from the governor's office of economic development. We also worked with a software development company and assisted them in raising $300,000 of private sector dollars from investors. The organization also invested in a LLC in 2018, in furtherance of the organization's tax exempt purpose.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “The sdsu growth partnership, ltd is dedicated to serve the brookings area, the state of south dakota and adjacent communities and states. to accomplish this goal, a long-term development strategy has been incorporated that will, over decades, build up an economic base of newly developed technologies and businesses which will expand throughout the region and state of south dakota. the research park will continue to expand with additional buildings and research projects, enhancing the economic well-being of the city of brookings and its surrounding areas and improve its quality of life and prosperity. the whole intent of the park is to expand and commercialize university and local innovation. job creation, employee wealth, and new business development are core pillars to the organization.”.
When outlining its functions, they were explained as: “To build an economic base of newly developed technologies and businesses within south dakota.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as SD.
- The filing records the non-profit's address for 2020 as 2301 RESEARCH PARK WAY NO 146, BROOKINGS, SD, 57006.
- As of 2020, the non-profit's form reports a total of 3 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$215,928.
- The organization has 8 independent voting members.
- The organization was formed in 2004.
- The organization pays $234,787 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.