Farmers Educational & Cooperative Union Of America

Organization Overview

Farmers Educational & Cooperative Union Of America, operating under the name South Dakota Farmers Union, is located in Huron, SD. The organization was established in 1967. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, South Dakota Farmers Union employed 15 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. South Dakota Farmers Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 12/2021, South Dakota Farmers Union generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT PROGRAMS AND ADVANCE EFFORTS THAT FURTHER ECONOMIC PROSPERITY AND CULTURAL VITALITY IN RURAL SOUTH DAKOTA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED EDUCATIONAL PROGRAMS AND INFORMATION TO THE YOUTH OF SOUTH DAKOTA. THE FOUNDATION HOSTED 45+ YOUTH CAMPS ACROSS THE STATE, WHICH AROUND 1,000 YOUTHS ATTENDED; SPONSORED A SAFETY QUIZ BOWL FOR 80+ HIGH SCHOOLERS DURING THE STATE'S FFA CONVENTION; AND GRANTED THREE 500 SCHOLARSHIPS TO AREA YOUTH.


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Board, Officers & Key Employees

Name (title)Compensation
Doug Sombke
President
$154,610
Karla Hofhenke
Secretary/tr
$87,844
Oren Lesmeister
Director
$2,300
Wayne Soren
Vice Preside
$1,900
Dallis Basel
Director
$1,900
Chad Johnson
Director
$1,900

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$22,451
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$22,451
Total Program Service Revenue$195,812
Investment income $1,674,642
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$34,772
Net Gain/Loss on Asset Sales $6,500
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,255,510

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Farmers Educational & Cooperative Union Of America has recieved totaling $7,600.

Awarding OrganizationAmount
National Farmers Union Foundation

Washington, DC

PURPOSE: ASSISTANCE WITH FOOD SAFETY TRAINING

$7,600
View Grant Recipient Profile

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