Nonprofit · EIN 82-3923875
BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY
Tax-exempt · BROOKINGS, SD 57006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,777,491 | $159,457 | $4,618,034 | $81,861,613 | $0 | $81,861,613 |
| December 31, 2024 | 990 | $3,929,747 | $133,548 | $3,796,199 | $70,715,547 | $0 | $70,715,547 |
| December 31, 2023 | 990 | $3,251,178 | $120,415 | $3,130,763 | $59,495,858 | $0 | $59,495,858 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $4,777,491
- Net gain from sales of assets
- $1,626,988
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Management and general (functional)
- $159,457
Balance sheet and other
- Total assets, start of year
- $70,715,547
- Total assets, end of year
- $81,861,613
- Total liabilities, end of year
- $0
- Net assets, end of year
- $81,861,613
- Publicly traded securities
- $55,424,170
- Gross receipts
- $19,750,556
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jason Merkley | CEO of Brookings Health System Officer | 0.1 | $0 | $667,112 | $75,548 |
| Melissa Wagner | CFO of Brookings Health System Officer | 0.1 | $0 | $170,630 | $36,701 |
| Shelby Eischens MD | director Trustee or director | 0.1 | $0 | $37,748 | $0 |
| Lynn Darnall | President Trustee or director, Officer | 0.1 | $0 | $3,600 | $0 |
| David Meyer DDS | Vice President Trustee or director, Officer | 0.1 | $0 | $2,700 | $0 |
| Mary Anne Krogh | Secretary Trustee or director, Officer | 0.1 | $0 | $2,700 | $0 |
| Sheila Anderson | Past President Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Jenn Barlund | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Tracy Greene | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Don Greiner | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Dave Jones | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jason Merkley | CEO of Brookings Health System Trustee or director, Officer | 0.1 | $0 | $636,870 | $73,905 |
| Melissa Wagner | CFO of Brookings Health System Officer | 0.1 | $0 | $161,148 | $34,629 |
| Andrew Ellsworth MD | director Trustee or director | 0.1 | $0 | $17,634 | $0 |
| Sheila Anderson | President Trustee or director, Officer | 0.1 | $0 | $3,200 | $0 |
| Dick Peterson | Past President Trustee or director | 0.1 | $0 | $2,400 | $0 |
| Lynn Darnall | Vice President Trustee or director, Officer | 0.1 | $0 | $2,400 | $0 |
| Tracy Greene | director Trustee or director | 0.1 | $0 | $2,400 | $0 |
| Don Greiner | director Trustee or director | 0.1 | $0 | $2,400 | $0 |
| Mary Anne Krogh | director Trustee or director | 0.1 | $0 | $2,400 | $0 |
| David Meyer DDS | Secretary Trustee or director, Officer | 0.1 | $0 | $2,400 | $0 |
| Jim Morgan | director Trustee or director | 0.1 | $0 | $2,400 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Jason Merkley | CEO of Brookings Health System Trustee or director, Officer | 0.1 | $0 | $597,719 | $70,831 |
| Melissa Wagner | CFO of Brookings Health System Officer | 0.1 | $0 | $138,874 | $31,178 |
| Andrew Ellsworth MD | director Trustee or director | 0.1 | $0 | $33,390 | $0 |
| Dick Peterson | President Trustee or director, Officer | 0.1 | $0 | $3,600 | $0 |
| Sheila Anderson | Vice President Trustee or director, Officer | 0.1 | $0 | $2,700 | $0 |
| Lynn Darnall | Secretary Trustee or director, Officer | 0.1 | $0 | $2,700 | $0 |
| Tracy Greene | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Don Greiner | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Mary Anne Krogh | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| David Meyer DDS | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
| Jim Morgan | director Trustee or director | 0.1 | $0 | $2,700 | $0 |
Address and contacts
- Address (IRS master file)
- 300 22ND AVENUE, BROOKINGS, SD 57006-2480
- In care of
- % STEVE LINDEMANN
- Principal officer (990 for 2025)
- Jason Merkley, 300 22nd Avenue, Brookings, SD 57006
- Signed the 990
- Melissa Wagner, CFO
- Phone
- (605) 696-9000
Mission
none
Program accomplishments
- The purpose of the Brookings Health System Investment Authority is to invest and grow funds for the City of Brookings dba Brookings Health System (BHS) in order to provide BHS with funding as its needs arise. In the previous year, the organization invested funds received from BHS in order to fulfill its tax-exempt purpose.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3923875
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $81,861,613
- Income (IRS master file)
- $19,750,556
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,777,491 | $159,457 | $81,861,613 | IRS |
| 990 | December 2024 | $3,929,747 | $133,548 | $70,715,547 | IRS |
| 990 | December 2023 | $3,251,178 | $120,415 | $59,495,858 | XML |
| 990 | December 2022 | $564,726 | $110,814 | $53,462,459 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3923875).
Questions about BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY
- What is the EIN of BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY?
- The employer identification number (EIN) of BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY is 82-3923875.
- Is BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY?
- The 990 for the year ended December 31, 2025 names Jason Merkley.
- Who are the officers and directors of BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does BROOKINGS HEALTH SYSTEM INVESTMENT AUTHORITY have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,777,491, expenses of $159,457 and total assets of $81,861,613 at year end.
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- UNITED RETIREMENT CENTER EIN 46-0271768 · last filed 990 for 2024
- ADVANCE EIN 46-0348804 · last filed 990 for 2025
- BOYS & GIRLS CLUB OF THE NORTHERN PLAINS INC EIN 73-1630215 · last filed 990 for 2024
- DAKOTA BIOPRODUCTS INNOVATION INSTITUTE EIN 88-2205210 · last filed 990 for 2024
- EAST CENTRAL MENTAL HEALTH & CHEMICAL DEPENDENCY CENTER EIN 46-0277475 · last filed 990 for 2025