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Nonprofiteer
← SOUTH DAKOTA FARM BUREAU FEDERATION

Form 990 for tax year 2022

Filed by SOUTH DAKOTA FARM BUREAU FEDERATION.

Totals

Total revenue
$3,144,838
Total expenses
$2,931,776
Contributions and grants received
$322,740
Grants paid
$21,725
Program service revenue
$2,798,204
Investment income
$23,894
Other revenue
$0
Total assets, end of year
$3,332,285
Total liabilities, end of year
$435,513
Net assets or fund balances, end of year
$2,896,772
Program services expenses (Part IX)
$2,767,531
Management and general expenses
$121,272
Fundraising expenses
$42,973
Program service expenses (Part III)
$2,767,531

Program services were 94.4% 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.

  • 1e · Government grants (contributions)

    $322,740

  • 2a · Program service revenue: SALE OF CREDITS

    total $1,200,679 · excluded $1,200,679

  • 2b · Program service revenue: ROYALTY INCOME

    total $877,599 · excluded $877,599

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $548,149 · excluded $548,149

  • 2d · Program service revenue: OTHER PROGRAM SERVICE INC

    total $105,896 · excluded $105,896

  • 2e · Program service revenue: PROFIT COST CENTER

    total $33,273 · related or exempt $33,273

  • 2f · All other program service revenue

    total $32,608 · related or exempt $13,016 · excluded $19,592

  • 3 · Investment income

    total $17,910 · excluded $17,910

  • 7a · Gross sales of assets other than inventory

    other assets $70,778

  • 7b · Less cost or other basis and sales expenses

    other assets $64,794

  • 7c · Gain or loss

    other assets $5,984

  • 7d · Net gain or loss

    total $5,984 · related or exempt $5,984

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,725 · program services $21,725

  • 5 · Compensation of officers, directors and key employees

    total $183,647 · program services $124,880 · management and general $58,767

  • 7 · Other salaries and wages

    total $418,780 · program services $407,975 · management and general $10,805

  • 8 · Pension plan contributions

    total $76,096 · program services $66,965 · management and general $9,131

  • 9 · Other employee benefits

    total $75,302 · program services $66,349 · management and general $8,953

  • 10 · Payroll taxes

    total $47,504 · program services $42,070 · management and general $5,434

  • 11a · Fees: management

    total $1,646 · program services $1,646

  • 11b · Fees: legal

    total $1,583 · program services $1,583

  • 11c · Fees: accounting

    total $19,665 · management and general $19,665

  • 12 · Advertising and promotion

    total $113,394 · program services $113,394

  • 13 · Office expenses

    total $33,121 · program services $32,043 · management and general $1,078

  • 14 · Information technology

    total $5,951 · program services $5,951

  • 16 · Occupancy

    total $30,571 · program services $30,571

  • 17 · Travel

    total $22,043 · program services $22,043

  • 19 · Conferences, conventions and meetings

    total $305,365 · program services $297,926 · management and general $7,439

  • 22 · Depreciation, depletion and amortization

    total $37,711 · program services $37,711

  • 23 · Insurance

    total $20,775 · program services $20,775

  • 24a · Other expenses: EXPENSES ON CREDITS

    total $1,104,625 · program services $1,104,625

  • 24b · Other expenses: WETLAND MITIGATION EXPENS

    total $261,851 · program services $261,851

  • 24c · Other expenses: STAFF EXPENSES

    total $65,386 · program services $65,386

  • 24d · Other expenses: AWARDS

    total $41,836 · fundraising $41,836

  • 24e · All other expenses

    total $43,199 · program services $42,062 · fundraising $1,137

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150 · end of year $150

  • 2 · Savings and temporary cash investments

    beginning of year $1,566,663 · end of year $1,549,879

  • 4 · Accounts receivable

    beginning of year $140,071 · end of year $128,110

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,000

  • 10a · Land, buildings and equipment: cost or other basis

    $322,442

  • 10b · Land, buildings and equipment: accumulated depreciation

    $141,445

  • 10c · Land, buildings and equipment, net

    beginning of year $170,167 · end of year $180,997

  • 11 · Investments: publicly traded securities

    beginning of year $579,644 · end of year $819,669

  • 12 · Investments: other securities

    beginning of year $461,567 · end of year $653,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,139 · end of year $235,476

  • 19 · Deferred revenue

    beginning of year $92,209 · end of year $179,083

  • 25 · Other liabilities

    beginning of year $19,466 · end of year $20,954

  • 27 · Net assets without donor restrictions

    beginning of year $2,675,448 · end of year $2,896,772

Mission and programs · 2022

Mission

PROMOTE THE INTERESTS OF AGRICULTURAL PRODUCERS IN THE STATE OF SOUTH DAKOTA

  • 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.

    Expenses $2,531,813 · Grants $21,725 · Revenue $2,798,204

  • 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.

    Expenses $230,974

  • 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.

    Expenses $4,744

As filed on the 2022 return.

Listed in Part VII

  • Krystil Smit

    EXECUTIVE DI

    Total calculated
    $123,235
    From this org
    $113,211
    From related orgs
    $0
    Other
    $10,024
    Hours/week
    40

  • Jackie Winegar

    ACCOUNTANT

    Total calculated
    $60,412
    From this org
    $56,719
    From related orgs
    $0
    Other
    $3,693
    Hours/week
    40

  • Clay Conry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Eisenbraun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Hainy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet Hurlbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nick Ihnen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Reid Jenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ron Krogstad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Moes

    YF&R

    Total calculated
    $0
    Hours/week
    1

  • Shelby Ruland

    STUDENT BOAR

    Total calculated
    $0
    Hours/week
    1

  • Jerry Runia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Vanderwal

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jeffery Gatzke

    VICE PRESIDE

    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

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202333129349300923

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