Nonprofit · EIN 87-3999581
SHARED RESOURCES INC
Tax-exempt · DELL RAPIDS, SD 57022
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $876 | $157,683 | -$156,807 | $85,477,462 | $35,689,763 | $49,787,699 |
| December 31, 2024 | 990 | $780 | $104,819 | -$104,039 | $33,905,750 | $13,516,377 | $20,389,373 |
| December 31, 2023 | 990 | $32,865 | $30,623 | $2,242 | $6,032,320 | $548,505 | $5,483,815 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $876
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $9,600
- Salaries, compensation and benefits (total)
- $9,600
- Professional fundraising fees
- $0
- Legal fees
- $3,557
Balance sheet and other
- Total assets, start of year
- $33,905,750
- Total assets, end of year
- $85,477,462
- Total liabilities, end of year
- $35,689,763
- Net assets, end of year
- $49,787,699
- Land, buildings and equipment
- $85,183,078
- Publicly traded securities
- $21,657
- Net assets without donor restrictions
- $49,787,699
- Gross receipts
- $100,876
- Employees
- 0
- Year formed
- 2023
- 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 |
|---|---|---|---|---|---|
| SCOTT BUSS | MANAGER Officer | 5 | $0 | $168,930 | $61,158 |
| LLOYD RAVE | PRESIDENT Trustee or director, Officer | 2 | $1,500 | $7,200 | $0 |
| RODNEY VAN DER VLIET | SECRETARY/TR Trustee or director, Officer | 0.5 | $1,350 | $5,050 | $0 |
| DAVID HOWARD | DIRECTOR Trustee or director | 0.25 | $1,350 | $4,000 | $0 |
| DAVID STEARNS | DIRECTOR Trustee or director | 0.25 | $1,350 | $4,000 | $0 |
| DAN DANNENBRING | VICE PRESIDE Trustee or director, Officer | 0.5 | $1,350 | $0 | $0 |
| REGGIE GASSMAN | DIRECTOR Trustee or director | 0.25 | $1,350 | $0 | $0 |
| VINCE NELSON | DIRECTOR Trustee or director | 0.25 | $1,350 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT BUSS | MANAGER Officer | 5 | $0 | $163,997 | $53,965 |
| LLOYD RAVE | PRESIDENT Trustee or director, Officer | 2 | $1,250 | $4,800 | $0 |
| RODNEY VAN DER VLIET | SECRETARY/TR Trustee or director, Officer | 0.5 | $900 | $4,300 | $0 |
| DAVID STEARNS | DIRECTOR Trustee or director | 0.25 | $1,125 | $3,500 | $0 |
| DAVID HOWARD | DIRECTOR Trustee or director | 0.25 | $1,125 | $3,000 | $0 |
| DAN DANNENBRING | VICE PRESIDE Trustee or director, Officer | 0.5 | $1,575 | $0 | $0 |
| REGGIE GASSMAN | DIRECTOR Trustee or director | 0.25 | $1,575 | $0 | $0 |
| VINCE NELSON | DIRECTOR Trustee or director | 0.25 | $1,575 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| LLOYD RAVE | PRESIDENT Trustee or director, Officer | 2 | $1,000 | $4,800 |
| RODNEY VAN DER VLIET | SECRETARY/TR Trustee or director, Officer | 0.5 | $900 | $4,350 |
| DAVID STEARNS | DIRECTOR Trustee or director | 0.25 | $900 | $3,500 |
| DAVID HOWARD | DIRECTOR Trustee or director | 0.25 | $900 | $2,750 |
| DAN DANNENBRING | VICE PRESIDE Trustee or director, Officer | 0.5 | $900 | $0 |
| VINCE NELSON | DIRECTOR Trustee or director | 0.25 | $900 | $0 |
| REGGIE GASSMAN | DIRECTOR Trustee or director | 0.25 | $675 | $0 |
Address and contacts
- Address (IRS master file)
- 47381 248TH ST, DELL RAPIDS, SD 57022-5305
- In care of
- % TANYA SCHMIDT
- Principal officer (990 for 2025)
- LLOYD RAVE, 47381 248TH ST, DELL RAPIDS, SD 57022
- Signed the 990
- LLOYD RAVE, PRESIDENT
- Phone
- (605) 910-5870
- Return prepared by
- KMWF & ASSOCIATES PC
Mission
PROVIDE WATER SERVICE FOR USE AND BENEFIT OF ITS MEMBERS
Program accomplishments
- DISTRIBUTION OF WATER TO MINNEHAHA AND MOODY COUNTY RESIDENTS
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
- 87-3999581
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $85,477,462
- Income (IRS master file)
- $100,876
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $876 | $157,683 | $85,477,462 | XML |
| 990 | December 2024 | $780 | $104,819 | $33,905,750 | XML |
| 990 | December 2023 | $32,865 | $30,623 | $6,032,320 | XML |
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 87-3999581).
Questions about SHARED RESOURCES INC
- What is the EIN of SHARED RESOURCES INC?
- The employer identification number (EIN) of SHARED RESOURCES INC is 87-3999581.
- Is SHARED RESOURCES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2024.
- Are donations to SHARED RESOURCES INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SHARED RESOURCES INC 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 SHARED RESOURCES INC 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 SHARED RESOURCES INC 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 SHARED RESOURCES INC?
- The 990 for the year ended December 31, 2025 names LLOYD RAVE.
- Who are the officers and directors of SHARED RESOURCES INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 7 received compensation from the organization.
- How much revenue does SHARED RESOURCES INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $876, expenses of $157,683 and total assets of $85,477,462 at year end.
Other nonprofits in DELL RAPIDS
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- MINNEHAHA COMMUNITY WATER CORPORATION EIN 46-0318665 · last filed 990 for 2025
- DELL RAPIDS COMMUNITY AMBULANCE SERVICE EIN 46-0326229 · last filed 990 for 2024
- DELL RAPIDS VOLUNTEER FIRE DEPARTMENT INC EIN 46-1648767 · last filed 990 for 2024
- DELL RAPIDS ECONOMIC DEVELOPEMNT CORPORATION EIN 46-0385169 · last filed 990 for 2025
- DELL RAPIDS BASEBALL ASSOCIATION EIN 11-3765908 · last filed 990-EZ for 2025
- BENEFICIARY SUPPORT SYSTEMS INC EIN 83-4616465 · last filed 990-EZ for 2024
- PRAIRIE ROSE SOUTH DAKOTA COMMUNITY FUND EIN 90-0913647 · last filed 990-PF for 2024
All nonprofits in DELL RAPIDS · South Dakota · Public and societal benefit