South Dakota Farm Bureau Federation
- Assets
- $2.9m
- Revenue
- $2.2m
- Investments
- $461.6k
- Employees
- 16
- Location
- Huron, SD
- Founding
- 08/1930
- Data as of
- 08/2022
- EIN
- 46-0191750
Organization Overview
South Dakota Farm Bureau Federation is located in Huron, SD. The organization was established in 1930. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2022, South Dakota Farm Bureau Federation employed 16 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. South Dakota Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, South Dakota Farm Bureau Federation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $2.2m during the year ending 08/2022. While expenses have increased by 7.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE INTERESTS OF AGRICULTURAL PRODUCERS IN THE STATE OF SOUTH DAKOTA
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNALLOCATED EXPENSES INCLUDING EMPLOYEE COSTS, OTHER PROGRAMS AND ACTIVITIES: SDFB SERVES 40 UNITS OF INDIVIDUAL OR COMBINED COUNTIES. THE ORGANIZATION PROVIDES SUPPORT FOR THE COUNTY UNITS IN WORK WITH LOCAL, STATE, AND NATIONAL AGENCIES ON ISSUES RELATING TO AGRICULTURE PRODUCTION. THIS INCLUDES REGULATORY REVIEW AND COMPLIANCE, CARRYING OUT SDFB POLICY, OBJECTIVES AND CONFLICT RESOLUTION. THE ORGANIZATION WORKS TO CARRY OUT GRASS ROOT POLICIES AT THE STATE LEGISLATURE. THE ORGANIZATION KEEPS MEMBERSHIP INFORMED ON LEGISLATIVE ISSUES THAT WOULD HAVE AN EFFECT ON RURAL SOUTH DAKOTA. ACCOMPLISHMENTS ARE MEASURED BY MEMBERSHIP GROWTH AND POLICY DEVELOPMENT AS THE ORGANIZATION CONTINUES TO MEET THE NEEDS OF RURAL SOUTH DAKOTA.
DIRECT EXPENSES - WORKSHOPS, CONVENTION AND AG RELATED COMMITTEES: THROUGH THESE ACTIVIVITIES THE ORGANIZATION 1) PROVIDED INFORMATIONAL ACTIVITIES TO EDUCATE, ENERGIZE AND EMPOWER OUR RURAL MEMBERSHIP 2) CONDUCTED LEADERSHIP TRAINING 3) PROVIDED PRODUCTION AND MARKETING INFORMATION 4) PROVIDED REGULATORY COMPLIANCE UPDATES. THE AG RELATED COMMITTEES PROVIDE A CONDUIT FOR BOOTS ON THE GROUND UP TO THE RESEARCH AND DEVELOPMENT OF PRODUCTION PRACTICES.
DIRECT EXPENSES - SUBSCRIPTION & MEMBERSHIP PROMOTION: THE ORGANIZATION PROVIDES INFORMATION AND PROMOTION TO ITS MEMBERSHIP AND OTHERS THROUGH ITS PRINT PUBLICATION, WEBSITE, SOCIAL MEDIA AND SPONSORSHIPS OF EVENTS. THE ORGANIZTION SUPPORTS COUNTY UNITS PROMOTION OF ITS BRAND AT LOCAL COUNTY EVENTS, WHEREBY THE COUNTY UNITS TELL AGRICULTURES STORY TO THE NONFARM CONSUMER THROUGH VOICE MEDIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krystil Smit Executive Di | Officer | 40 | $111,035 |
Jackie Winegar Accountant | Officer | 40 | $51,035 |
Scott Vanderwal President | OfficerTrustee | 1 | $0 |
Jeffery Gatzke Vice Preside | Officer | 1 | $0 |
Julie Fritzsche Director | Trustee | 1 | $0 |
Michael Schmidt Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,835 |
| 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 | $180,835 |
| Total Program Service Revenue | $1,985,716 |
| Investment income | $10,599 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,176,457 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,416 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,008 |
| Compensation of current officers, directors, key employees. | $57,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $405,871 |
| Pension plan accruals and contributions | $67,146 |
| Other employee benefits | $72,639 |
| Payroll taxes | $41,895 |
| Fees for services: Management | $29,303 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $16,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $101,979 |
| Office expenses | $29,184 |
| Information technology | $10,151 |
| Royalties | $0 |
| Occupancy | $29,821 |
| Travel | $23,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $301,789 |
| Interest | $287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,088 |
| Insurance | $10,354 |
| All other expenses | $69,403 |
| Total functional expenses | $2,191,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150 |
| Savings and temporary cash investments | $1,566,663 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,071 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,000 |
| Net Land, buildings, and equipment | $170,167 |
| Investments—publicly traded securities | $579,644 |
| Investments—other securities | $461,567 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,922,262 |
| Accounts payable and accrued expenses | $135,139 |
| Grants payable | $0 |
| Deferred revenue | $92,209 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,466 |
| Total liabilities | $246,814 |
| Net assets without donor restrictions | $2,675,448 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,922,262 |
Grants Awarded
Over the last fiscal year, South Dakota Farm Bureau Federation has awarded $11,360 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH DAKOTA AGENTS ASSOCIATION PURPOSE: AG PROMOTION | $5,760 |
De Smet, SD PURPOSE: AG PROMOTION | $5,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Dakota Farm Bureau Federation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
American Farm Bureau Federation Washington, DC PURPOSE: POLICY INITIATIVE FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
German Farmers Mutual Assessment Insurance Assoc Of Hall County Inc Cairo, NE | $1,959,468 | $2,974,512 |
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Buffalo County Agricultural Association Kearney, NE | $14,912,793 | $2,842,209 |
South Dakota Farm Bureau Federation Huron, SD | $2,922,262 | $2,176,457 |
North Dakota Crop Improvement & Seed Association Fargo, ND | $643,754 | $1,270,188 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Wyoming Farm Bureau Federation Laramie, WY | $2,675,847 | $935,677 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Northern Plains Potato Growers Association East Grand Forks, MN | $1,522,109 | $1,231,654 |
Silver Tip Ranch Association Inc Livingston, MT | -$15,331 | $567,913 |
Scott County Agricultural Society Inc Jordan, MN | $1,086,057 | $784,804 |