Foundation Seed Stock Division Of South Dakota University Foundation

Organization Overview

Foundation Seed Stock Division Of South Dakota University Foundation is located in Brookings, SD. The organization was established in 1946. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Seed Stock Division Of South Dakota University Foundation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 06/2022, Foundation Seed Stock Division Of South Dakota University Foundation generated $584.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $243.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (23.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PURE SEED STOCK OF NEW VARIETIES DEVELOPED AT SOUTH DAKOTA STATE UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDATION SEED IS AFFILIATED WITH SOUTH DAKOTA STATE UNIVERSITY, WHICH IS THE LAND GRANT UNIVERSITY FOR SOUTH DAKOTA. OVER 200 PUBLIC VARIETIES OF FOUNDATION SEE ARE MAINTAINED OF PUBLICLY DEVELOPED CROP VARIETIES. FOUNDATION SEED DISTRIBUTES UP TO 30,000 BUSHEL OF FOUNDATION CLASS OF CERTIFIED SEED TO OVER 120 CERTIFIED SEED PRODUCERS ANNUALLY.


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Board, Officers & Key Employees

Name (title)Compensation
Jack Ingemansen
Manager
$0
John Killefer
Director
$0
Karla Trautman
Director
$0
William Gibbons
Director
$0
David Wright
Chairman
$0
Jon Kleinjan
Secretary-Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
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$0
Total Program Service Revenue$0
Investment income $10,461
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $10,214
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $564,161
Miscellaneous Revenue$0
Total Revenue $584,836

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