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Nonprofiteer
← SOUTH DAKOTA TRADE ASSOCIATION

Form 990 for tax year 2023

Filed by SOUTH DAKOTA TRADE ASSOCIATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 17 February 2025. matched by us Only the Part I totals and the names listed in Part VII 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
$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 & 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 meetings

    total $13,845 · program services $13,376 · management and general $274 · fundraising $195

  • 24b · Other expenses: Taxes licenses and dues

    total $2,027 · program services $1,807 · management and general $128 · fundraising $92

  • 24c · Other expenses: Bad debt

    total $5,500 · fundraising $5,500

  • 24d · Other expenses: Bank fees

    total $324 · management and general $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 · 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.

  • 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.

  • 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. One trade mission was held during the fiscal year to Mexico.

  • 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.

As filed on the 2023 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

    Senior Advisor and Chief of S

    Total calculated
    $113,000
    From this org
    $113,000
    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
    2

  • Melissa Fossell

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Jeff Griffin

    Secretary

    Total calculated
    $0
    Hours/week
    2

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

  • CAW IndPlant Catalyst

    $10,340

  • Schumacher Enterprises

    $7,419

  • Clarity Coat LLC

    $6,122

  • Prairie Aquatechdba Houdek Mfg

    $5,225

Provenance

Return type
form_990
Tax year
2023
Filed
22 March 2024
IRS schema version
2023v5.0
Source object
202410829349300466

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