2024-05-13T15:26:32-05:00 2023-06-30 450250958 Eide Bailly LLP 345 N Reid Pl Ste 400 Sioux Falls SD 571037034 990 2022-07-01 460373309 South Dakota Soybean Association SOUT 6053309942 5000 S Broadband Lane 100 Sioux Falls SD 57108 Kevin Deinert President 6053309942 2024-05-08 1 Kevin Deinert 999009999 1 Laurie Hanson CPA P00851848 6053391999 2024-04-24 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z Kevin Deinert 5000 S Broadband Lane 100 Sioux Falls SD 57108 743110 0 X www.sdsoybean.org X 1982 SD To improve the competitiveness and profitability for South Dakota Soybean Farmer through Policy and Education. 12 12 8 24 5130 0 60728 49530 544048 641810 1516 8095 12489 27116 618781 726551 0 125442 0 0 51736 62394 0 0 0 471053 484454 522789 672290 95992 54261 840951 909324 115932 130044 725019 779280 X Grow market opportunities and value for South Dakota soybean farmers through public policy and education. 0 0 During the year ending June 30, 2023, the South Dakota Soybean Association maintained its membership with communication and educational programs: 1) SDSA did a trade show, Ag Outlook, which included approximately 600 producers from the tri-state area. The one day event included 63 vendor booths and informational speakers. Information provided pertained to agricultural marketing and economic trends.2) A golf/networking event which included 144 area producers and sales representatives. Educational displays were used to provide information regarding soybeans. 3) The Soybean Leader magazine is a publication which SDSA distributes to the South Dakota soybean producers. Approximately 18,000 copies of the publication were sent out quarterly, for a total of 4 times during the year. Articles included new uses for soybeans, trends, research, disease, and other information regarding soybeans. Additionally, SDSA continued working to research and develop ways to improve the marketing of soybean products. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 34 0 1 8 1 1 1 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 0 1 0 0 0 1 1 0 1 1 1 0 0 0 X SD Soybean Association 6053309942 5000 S Broadband Lane Suite 100 Sioux Falls SD 57108 X Kevin Deinert President 1.00 X X 0 0 0 Chad Schooley 1st Vice President 1.00 X X 0 0 0 Jeff Thompson 2nd Vice President 1.00 X X 0 0 0 Drew Peterson Secretary 1.00 X X 0 0 0 Brent Greenway Treasurer 1.00 X X 0 0 0 Chad Nelsen Director 1.00 X 0 0 0 Derrick Scott Director 1.00 X 0 0 0 John Horter Director 1.00 X 0 0 0 Jamie Johnson Director 1.00 X 0 0 0 Jesse King Director 1.00 X 0 0 0 Tanner Hento Young Leader 1.00 X 0 0 0 Jeff Kloucek Young Leader 1.00 X 0 0 0 Jerome Schmitz Executive Director 4.40 X 2474 0 198 2474 0 198 0 0 0 0 0 49530 49530 Soybean Leader Magazin 513120 314280 309150 5130 SD Soybean Research Pr 110000 153215 153215 Ag Outlook 900099 134101 134101 Membership Dues 900099 33405 33405 6809 6809 641810 8095 8095 43675 16559 27116 27116 726551 636680 5130 35211 125442 2672 54649 5073 2625 86285 35104 10717 34209 45000 Yield Contest 96241 Legislative Expense 49554 SDSA Ag Outlook 46517 Reimbursement for Expen 26124 52078 672290 653325 741064 187133 166026 493 2234 4500 4500 0 0 840951 909324 26780 31347 89152 98697 115932 130044 X 725019 779280 725019 779280 840951 909324 54261 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 4500 4500 0 0 X 778916 20268 15538 35806 743110 -16559 -16559 726551 720129 20268 11012 31280 688849 -16559 -16559 672290 Part X, Line 2: The Association believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The Association would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred. Part XI, Line 2d - Other Adjustments: SoyPAC Revenue 15,538. Part XI, Line 4b - Other Adjustments: Special Event Expense -16,559. Part XII, Line 2d - Other Adjustments: SoyPac Expense 11,012. Part XII, Line 4b - Other Adjustments: Special Event Expense -16,559. Golf Tournament 43675 43675 1320 1895 6247 4376 2721 43675 43675 1320 1895 6247 4376 2721 16559 27116 0 Natural Resources Conservation Service 200 Fourth Street SW Room 203 Huron SD 57350 430951685 125442 0 FMV Soybean productivity through Soil Health to educate customers and the public, providing greater knowledge of soil health management systems and the positive effect it can have on productivity and conservation. 1 0 Form 990, Part VI, Section A, line 6 Any person who is an actual producer of soybeans, or is interested in the production, use, improvement or the marketing of soybeans in South Dakota may become a member upon payment of annual dues. Any resident of the State of South Dakota who is a member of the American Soybean Association shall be a member of this corporation. Form 990, Part VI, Section A, line 6 This is an association with members. Form 990, Part VI, Section A, line 7a Each membership is entitled to one vote on each matter at any meeting of the members including the election of Directors. Form 990, Part VI, Section A, line 8b There are no committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The 990 is reviewed by the Executive Director and Operations Manager in detail before it is presented to the full board of directors of the SD Soybean Association. Form 990, Part VI, Section B, line 12c The conflict of interest policy covers board members, officers, and members of a committee with governing board delegated powers. The board makes a determination of whether there is a conflict of interest and if so, implements the procedure for evaluating the issue or transaction involved. The board member, officer, or committee member with the conflict must refrain from voting. Form 990, Part VI, Section C, line 19 Financial statements are available at the annual meeting in December. Financial statements and other documents are also available in the office upon request. Form 990, Part VII The executive director is compensated through South Dakota Soybean Association. However, the majority of his or her time is spent working for soybean research & promotion council. The council reimburses the association for the executive director's salary and benefit expense. Total compensation and benefits reimbursed by the council for Jerome Schmitz, executive director for the calendar year ended within the tax year was $33,804 and $2,704 respectively. The amount reported on part VII includes only the portion of salary and benefit attributable to Jerome's work for the association.