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Nonprofiteer
← SOUTH DAKOTA FARM BUREAU FEDERATION

Form 990 for tax year 2023

Filed by SOUTH DAKOTA FARM BUREAU FEDERATION.

Totals

Total revenue
$3,372,354
Total expenses
$2,666,079
Contributions and grants received
$296,906
Grants paid
$20,824
Program service revenue
$3,047,841
Investment income
$26,501
Other revenue
$1,106
Total assets, end of year
$4,099,987
Total liabilities, end of year
$375,228
Net assets or fund balances, end of year
$3,724,759
Program services expenses (Part IX)
$2,503,534
Management and general expenses
$119,572
Fundraising expenses
$42,973
Program service expenses (Part III)
$2,503,534

Program services were 93.9% 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)

    $296,906

  • 2a · Program service revenue: ROYALTY INCOME

    total $1,072,760 · excluded $1,072,760

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $967,262 · excluded $967,262

  • 2c · Program service revenue: SALE OF CREDITS

    total $760,800 · excluded $760,800

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

    total $155,204 · excluded $155,204

  • 2e · Program service revenue: PROFIT COST CENTER

    total $48,902 · related or exempt $48,902

  • 2f · All other program service revenue

    total $42,913 · related or exempt $23,104 · excluded $19,809

  • 3 · Investment income

    total $26,201 · excluded $26,201

  • 7a · Gross sales of assets other than inventory

    other assets $300

  • 7c · Gain or loss

    other assets $300

  • 7d · Net gain or loss

    total $300 · related or exempt $300

  • 11a · Other revenue: MISC INCOME

    total $1,106 · related or exempt $1,106

  • 11e · Other revenue, total

    $1,106

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,824 · program services $20,824

  • 5 · Compensation of officers, directors and key employees

    total $191,831 · program services $129,909 · management and general $61,922

  • 7 · Other salaries and wages

    total $444,592 · program services $437,542 · management and general $7,050

  • 8 · Pension plan contributions

    total $80,463 · program services $70,164 · management and general $10,299

  • 9 · Other employee benefits

    total $60,715 · program services $52,930 · management and general $7,785

  • 10 · Payroll taxes

    total $49,192 · program services $43,758 · management and general $5,434

  • 11a · Fees: management

    total $51,698 · program services $51,698

  • 11b · Fees: legal

    total $1,344 · program services $1,344

  • 11c · Fees: accounting

    total $27,082 · management and general $27,082

  • 12 · Advertising and promotion

    total $175,950 · program services $175,950

  • 13 · Office expenses

    total $35,111 · program services $35,111

  • 14 · Information technology

    total $5,431 · program services $5,431

  • 16 · Occupancy

    total $39,371 · program services $39,371

  • 17 · Travel

    total $21,753 · program services $21,753

  • 19 · Conferences, conventions and meetings

    total $325,837 · program services $325,837

  • 22 · Depreciation, depletion and amortization

    total $38,332 · program services $38,332

  • 23 · Insurance

    total $21,714 · program services $21,714

  • 24a · Other expenses: EXPENSES ON CREDITS

    total $699,936 · program services $699,936

  • 24b · Other expenses: WETLAND MITIGATION EXPENS

    total $241,644 · program services $241,644

  • 24c · Other expenses: STAFF EXPENSES

    total $49,626 · program services $46,382 · fundraising $3,244

  • 24d · Other expenses: AWARDS

    total $30,667 · fundraising $30,667

  • 24e · All other expenses

    total $52,966 · program services $43,904 · fundraising $9,062

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 $1,549,879 · end of year $2,018,194

  • 4 · Accounts receivable

    beginning of year $128,110 · end of year $190,034

  • 9 · Prepaid expenses and deferred charges

    end of year $9,987

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

    $322,699

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

    $178,866

  • 10c · Land, buildings and equipment, net

    beginning of year $180,997 · end of year $143,833

  • 11 · Investments: publicly traded securities

    beginning of year $819,669 · end of year $1,084,309

  • 12 · Investments: other securities

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $235,476 · end of year $172,703

  • 19 · Deferred revenue

    beginning of year $179,083 · end of year $173,312

  • 25 · Other liabilities

    beginning of year $20,954 · end of year $29,213

  • 27 · Net assets without donor restrictions

    beginning of year $2,896,772 · end of year $3,724,759

Mission and programs · 2023

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 $2,260,379 · Grants $20,824 · Revenue $3,047,841

  • 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 $235,042

  • 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 $8,113

As filed on the 2023 return.

Listed in Part VII

  • Krystil Smit

    EXECUTIVE DI

    Total calculated
    $157,032
    From this org
    $130,774
    From related orgs
    $0
    Other
    $26,258
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,774
    Bonus
    not reported
    Other
    not reported
    Deferred
    $13,750
    Nontaxable benefits
    $12,508
    Filer's total
    $157,032

  • Jackie Winegar

    ACCOUNTANT

    Total calculated
    $78,476
    From this org
    $61,057
    From related orgs
    $0
    Other
    $17,419
    Hours/week
    40

  • Clay Conry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Eisenbraun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Farmen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Hainy

    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

  • Caleb McGregor

    STUDENT BOAR

    Total calculated
    $0
    Hours/week
    1

  • Jay Myers

    YF&R

    Total calculated
    $0
    Hours/week
    1

  • Sarah Myers

    YF&R

    Total calculated
    $0
    Hours/week
    1

  • Jerry Runia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Courtney Salvador

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Salvador

    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. 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

None.

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

Provenance

Return type
form_990
Tax year
2023
Filed
25 November 2024
IRS schema version
2023v5.0
Source object
202443409349300609

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