Form 990 for tax year 2022
Filed by SOUTH DAKOTA TRADE ASSOCIATION.
Totals
- Total revenue
- $812,839
- Total expenses
- $407,132
- Contributions and grants received
- $733,919
- Grants paid
- $36,099
- Program service revenue
- $12,110
- Investment income
- $302
- Other revenue
- $66,508
- Total assets, end of year
- $465,072
- Total liabilities, end of year
- $59,365
- Net assets or fund balances, end of year
- $405,707
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$188,750
-
1e · Government grants (contributions)
$539,798
-
1f · All other contributions, gifts and grants
$5,371
-
2a · Program service revenue: Advising and seminars
total $12,110 · related or exempt $12,110
-
3 · Investment income
total $302 · excluded $302
-
11a · Other revenue: Sponsorships
total $65,630 · related or exempt $65,630
-
11b · Other revenue: Other
total $878 · related or exempt $878
-
11e · Other revenue, total
$66,508
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $35,099
-
2 · Grants to domestic individuals
total $1,000
-
5 · Compensation of officers, directors and key employees
total $176,000
-
7 · Other salaries and wages
total $70,857
-
10 · Payroll taxes
total $19,617
-
11b · Fees: legal
total $740
-
11c · Fees: accounting
total $5,727
-
11g · Fees: other
total $15,601
-
12 · Advertising and promotion
total $7,610
-
13 · Office expenses
total $3,367
-
14 · Information technology
total $1,437
-
16 · Occupancy
total $4,157
-
17 · Travel
total $22,477
-
19 · Conferences, conventions and meetings
total $16,118
-
23 · Insurance
total $3,077
-
24a · Other expenses: Trade mission meeting
total $13,845 · program services $13,845
-
24b · Other expenses: Taxes licenses and dues
total $2,027 · program services $2,027
-
24c · Other expenses: Bad debt
total $5,500 · program services $5,500
-
24d · Other expenses: Bank fees
total $324 · program services $324
-
24e · All other expenses
total $2,552
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $106,262
-
3 · Pledges and grants receivable
end of year $357,842
-
15 · Other assets
end of year $968
-
17 · Accounts payable and accrued expenses
end of year $34,254
-
25 · Other liabilities
end of year $25,111
-
27 · Net assets without donor restrictions
end of year $405,707
Mission and programs · 2022
Mission
South Dakota Trade navigates international trade for South Dakota. The Association is a public-private partnership conducting export education, administration of the SD STEP Grant program and provides free export consulting services.
-
STEP Program: The Association administers the US Small Business Administration State Trade Expansion Program and makes STEP grants to South Dakota companies looking to expand their export business. Trade Missions: SD Trade coordinates trade missions and reverse trade missions on behalf of the state to development important relationships with foreign buyers and those looking to do business in South Dakota. One trade mission (to Mexico) was held during the fiscal year. Education: The Association provides free consulting services, trade seminars and education opportunities for South Dakotan companies interested in expanding their international trade. An estimated 200 companies were helped by these programs.
As filed on the 2022 return.
Listed in Part VII
-
Luke J Lindberg
President and CEO
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Edward Newburn
Chief of Staff
- Total calculated
- $113,000
- From this org
- $113,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Joe Beck
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Andrea Thompson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Holly Lien
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Griffin
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Fossell
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Harstad
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
John Willard
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Sheila Gestring
Ex-officio Director
- Total calculated
- $0
- Hours/week
- 1
-
Joe Fiala
Ex-officio Director
- Total calculated
- $0
- Hours/week
- 1
-
Gary Commack
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$10,340
-
$7,419
-
$6,122
-
Prairie Aquatechdba Houdek
$5,225
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 February 2025
- IRS schema version
- 2022v5.0
- Source object
- 202540449349300714
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