Form 990 for tax year 2023
Filed by SOUTH DAKOTA TRADE ASSOCIATION.
What the amendment changed
Compared with the return it replaced , filed 22 March 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Total revenue
- $812,839 changed to $963,509
- Total expenses
- $407,132 changed to $784,652
- Contributions and grants received
- $733,919 changed to $872,984
- Grants paid
- $36,099 changed to $36,145
- Program service revenue
- $12,110 changed to $8,534
- Investment income
- $302 changed to $1,394
- Other revenue
- $66,508 changed to $80,597
- Total assets, end of year
- $465,072 changed to $591,866
- Total liabilities, end of year
- $59,365 changed to $7,302
- Net assets or fund balances, end of year
- $405,707 changed to $584,564
Totals
- Total revenue
- $963,509
- Total expenses
- $784,652
- Contributions and grants received
- $872,984
- Grants paid
- $36,145
- Program service revenue
- $8,534
- Investment income
- $1,394
- Other revenue
- $80,597
- Total assets, end of year
- $591,866
- Total liabilities, end of year
- $7,302
- Net assets or fund balances, end of year
- $584,564
- 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
$184,850
-
1e · Government grants (contributions)
$688,134
-
2a · Program service revenue: Advising & Seminars
total $8,534 · related or exempt $8,534
-
3 · Investment income
total $1,394 · excluded $1,394
-
11a · Other revenue: Sponsorships
total $80,500 · related or exempt $80,500
-
11b · Other revenue: Other
total $97 · related or exempt $97
-
11e · Other revenue, total
$80,597
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $36,145
-
5 · Compensation of officers, directors and key employees
total $256,460
-
7 · Other salaries and wages
total $139,111
-
8 · Pension plan contributions
total $9,043
-
9 · Other employee benefits
total $7,687
-
10 · Payroll taxes
total $31,034
-
11c · Fees: accounting
total $30,997
-
11g · Fees: other
total $51,936
-
12 · Advertising and promotion
total $25,290
-
13 · Office expenses
total $13,748
-
16 · Occupancy
total $7,520
-
17 · Travel
total $57,083
-
19 · Conferences, conventions and meetings
total $80,411
-
23 · Insurance
total $5,292
-
24a · Other expenses: Taxes and licenses
total $16,619 · program services $16,619
-
24b · Other expenses: Dues and subscriptions
total $4,051 · program services $4,051
-
24c · Other expenses: Bad debt
total $500 · program services $500
-
24d · Other expenses: Bank fees
total $1,333 · program services $1,333
-
24e · All other expenses
total $10,392
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $106,262 · end of year $142,723
-
3 · Pledges and grants receivable
beginning of year $300,000 · end of year $375,000
-
4 · Accounts receivable
beginning of year $57,842 · end of year $73,079
-
15 · Other assets
beginning of year $968 · end of year $1,064
-
17 · Accounts payable and accrued expenses
beginning of year $59,365 · end of year $7,302
-
27 · Net assets without donor restrictions
beginning of year $405,707 · end of year $584,564
Mission and programs · 2023
Mission
South Dakota Trade navigates international trade for South Dakota. The association is a public-private partnership conductingexport education, administration of the SD STEP Grant program and provides free export consulting services.
-
Education: The Association provides free consulting services, trade seminars and education opportunities for South Dakota companies interested in expanding their international trade. An estimated 200 companies were helped by these programs. Trade Missions: SD Trade coordinates trade missions and reverse trade missions on behalf of the state to develop important relationships with foreign buyers and those looking to do business in South Dakota. Three trade missions were held during fiscal year 2024; one to Japan, one to Taiwan and one to South Africa. STEP Program: The Association administers the US Small Business Administration State Trade Expansion Program and makes STEP grants to South SD companies looking to expand their export business.
As filed on the 2023 return.
Listed in Part VII
-
Luke J Lindberg
President and CEO
- Total calculated
- $161,062
- From this org
- $150,000
- From related orgs
- $0
- Other
- $11,062
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $11,062
- Filer's total
- $161,062
-
Edward Newburn
Senior Advisor and Chief of S
- Total calculated
- $115,000
- From this org
- $115,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John Willard
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Harstad
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gary Cammack
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
-
Andrea Thompson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Joe Beck
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Holly Lien
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Fossell
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jeff Griffin
Secretary
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
Ruffland Performance LLC
$10,000
STEP Grant
-
CAW Industries
$7,800
STEP Grant
-
BlackFork Spirits LLC
$6,206
STEP Grant
-
Bion SciencesAxion LLC
$5,625
STEP Grant
-
Walkabout Mother Bins LLC
$5,510
STEP Grant
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202510489349301541
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