2025-02-14T10:49:07-06:00 2024-09-30 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2023-10-01 466014972 SOUTH DAKOTA CROP IMPROVMENT ASSOCIATION SOUT 6056884606 2380 RESEARCH PARKWAY 136 BROOKINGS SD 57006 NEAL FOSTER EXECUTIVE DIRECTOR 6056884606 2025-02-03 1 1 ROBERT BELL P02410354 5152701446 2023 2025-03-06 01:10:19Z NEAL FOSTER 2380 RESEARCH PARKWAY 136 BROOKINGS SD 57006 1342925 0 X WWW.SDSTATE.EDU/PS/SDCIA X 1925 SD MAINTAIN AND MAKE AVAILABLE TO THE PUBLIC SOURCES OF HIGH QUALITY SEED VARIETIES AND PROPAGATION MATERIALS AFTER DEVELOPMENT. 11 10 0 0 0 0 0 0 369561 453605 55810 71712 832248 817608 1257619 1342925 423273 69123 0 0 153677 160917 0 0 0 878672 878532 1455622 1108572 -198003 234353 5460475 5836102 2050542 1793063 3409933 4043039 X THE MISSION OF THE ASSOCIATION IS TO BE THE EFFECTIVE VOICE OF ACTION IN ALL ASPECTS OF PRODUCING AND MARKETING AGRICULTURAL CROPS, INCLUDING THE PROMOTION OF AGRICULTURAL RESEARCH AND EDUCATION OF MEMBERS WITH AN ULTIMATE MOTIVE TO FOSTER A MORE STABLE AGRICULTURE FOR THE STATE OF SOUTH DAKOTA. 0 0 1108572 328331 SEED CERTIFICATION IS A PRIMARY FUNCTION OF THE ASSOCIATION. THE ASSOCIATION INSPECTS SEED PRODUCERS' FIELDS AND SEED PROCESSORS' FACILITIES TO ENSURE THAT CERTIFIED SEED IS GROWN AND HANDLED PROPERLY. THE ASSOCIATION COLLECTS SALES FEES AND ROYALTIES WHEN CERTIFIED SEED IS SOLD IN THE STATE OF SOUTH DAKOTA. THE ASSOCIATION ALSO COLLECTS FROM AND REMITS THESE FEES AND ROYALTIES TO SIMILAR ORGANIZATIONS IN NEIGHBORING STATES TO SOUTH DAKOTA. 1108572 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 0 1 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X NEAL FOSTER 6056884606 2380 RESEARCH PARKWAY 136 BROOKINGS SD 57006 X JESS SONDERGOTH PRESIDENT 0.50 X X 0 0 0 STEVE KUECKER VICE-PRESIDENT 0.50 X X 0 0 0 DREW REUMAN DIRECTOR 0.50 X 0 0 0 LARON KRAUSE DIRECTOR 0.50 X 0 0 0 RYAN VAN TASSELL DIRECTOR 0.50 X 0 0 0 JONAS LYNCH DIRECTOR 0.50 X 0 0 0 TRENT KUBIK DIRECTOR 0.50 X 0 0 0 LARRY YMKER DIRECTOR 0.50 X 0 0 0 DAVID FAUSKE DIRECTOR 0.50 X 0 0 0 FRED ZENK DIRECTOR 0.50 X 0 0 0 NEAL FOSTER EXECUTIVE DIRECTOR 40.00 X X 0 0 0 0 0 0 0 0 0 1 0 SALES/INSPECTION/TESTING 541380 272253 272253 LEASE (REAL PROPERTY) 531190 125274 125274 OTHER INCOME 541380 47113 47113 MEMBERSHIP DUES 543180 8965 8965 453605 71712 71712 817608 817608 1342925 328331 0 1014594 69123 69123 129593 129593 6609 6609 16697 16697 8018 8018 30975 30975 31743 31743 32009 32009 35778 35778 458258 458258 4366 4366 54556 54556 16061 16061 92968 92968 83468 83468 17713 17713 PROPERTY TAXES 16894 16894 VEHICLE EXPENSES 2743 2743 MAINTENANCE AND REPAIRS 1000 1000 1108572 1108572 0 0 384947 281779 20156 120612 10950 12200 3589661 465885 3207244 3123776 734811 923943 1102367 1373792 5460475 5836102 398450 377888 1652092 1415175 2050542 1793063 X 3409933 4043039 3409933 4043039 5460475 5836102 234353 398753 0 X X 0 1 X 0 0 2820270 2820270 402670 261580 141090 366721 204305 162416 3123776 AMERICAN MUTUAL FUND 109965 F INCOME FUND OF AMERICA 429014 F AMERICAN BALANCED FUND 470100 F CAPITAL INCOME BUILDER FUND 364713 F 1373792 X 1724730 398753 398753 1325977 16948 16948 1342925 1091624 0 1091624 16948 16948 1108572 PART X, LINE 2: THE ASSOCIATION IS A NON-PROFIT ORGANIZATION THAT HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAX; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THESE FINANCIAL STATEMENTS. THE ASSOCIATION IS REQUIRED TO FILE A FEDERAL INCOME TAX RETURN, FORM 990, IN ACCORDANCE WITH SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE ASSOCIATION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF BENEFIT ARISING THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE LIKELY THAN NOT TEST, THE ASSOCIATION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PERIOD PROVISION FOR INCOME TAXES IN THE ASSOCIATION'S STATEMENT OF ACTIVITIES AND ARE INCLUDED AS A CURRENT LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: UNUSED GRANT FUNDS TO OTHER INCOME 16,948. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNUSED GRANT FUNDS TO OTHER INCOME 16,948. 0 SDSU FOUNDATION 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57007 460273801 501(C)(3) 9600 0 BOOK SCHOLARSHIP FUND SDSU 2380 RESEARCH PARK WAY BROOKINGS SD 57007 466000364 501(C)(3) 0 34640 FMV LABORATORY EQUIPMENT GERMINATOR FOR THE SEED LAB AT THE THE UNIVERSITY. SDSU 2380 RESEARCH PARK WAY BROOKINGS SD 57007 466000364 501(C)(3) 0 15741 FMV LABORATORY EQUIPMENT PLANT DIAGNOSTICS MICROSCOPE FOR UNIVERSITY. PART I, LINE 2 THE GRANTS ARE APPLIED FOR THROUGH THE PLANT SCIENCE DEPARTMENT AND AWARDED BY THE THE BOARD OF DIRECTORS. THE GRANTS ARE NORMALLY FOR EQUIPMENT. WHEN THE EQUIPMENT IS PURCHASED FOR THE AWARDED AMOUNT, A RECEIPT IS GIVEN TO THE DEPARTMENTAL BOOKKEEPER AND THEN THE ORGANIZATION PAYS FOR THE GRANT. IF THE AMOUNT OF THE RECEIPT IS OVER THE GRANTED AMOUNT THEN THE DIFFERENCE IS TAKEN FROM THAT PROJECT'S ACCOUNT. RECIPIENTS GIVE PERIODIC UPDATES AND ARE NORMALLY TRUSTED TO USE THE MONEY AS REQUESTED. 0 0 0 FORM 990, PART VII, SECTION A NEAL FOSTER, THE ORGANIZATION'S EXECUTIVE DIRECTOR, IS AN EMPLOYEE OF SOUTH DAKOTA STATE UNIVERISTY AND IS COMPENSATED ENTIRELY BY THE UNIVERSITY FOR HIS SERVICES TO SOUTH DAKOTA CROP IMPROVEMENT ASSOCIATION. COMPENSATION AMOUNTED TO $121,550 ($95,573 WAGES + $5,926 RETIREMENT (APROX) + $12,026 HEALTH INSURANCE (APROX)+ $8,025 HEALTH SAVINGS ACCOUNT CONTRIBUTIONS (APROX)). FORM 990, PART VI, SECTION A, LINE 6 REGULAR MEMBERS - ANY PERSON OR ENTITY QUALIFYING AS A FARM OPERATOR, SEED GROWER, CONTRACT GROWER, SEEDSMAN, OR PROSPECTIVE SEED GROWER, OR ANYONE OTHERWISE INTERESTED IN PROMOTING THE PURPOSES OF THE CORPORATION, SHALL BE ELIGIBLE FOR MEMBERSHIP WITH VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A SIX REGIONAL DIRECTORS SHALL BE ELECTED BY AND FROM THE REGULAR MEMBERS OF THE CORPORATION, TWO FROM EACH OF THE THREE CIA REGIONS ESTABLISHED IN THE STATE OF SOUTH DAKOTA. FORM 990, PART VI, SECTION B, LINE 11B IT HAS NOT BEEN THE PRACTICE OF THE ORGANIZATION'S BOARD TO REVIEW A DRAFT OF THE RETURN BEFORE IT IS FILED. A DRAFT OF THE RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12 WHILE THE ORGANIZATION DOES NOT HAVE A FORMAL CONFLICT OF INTEREST POLICY, THE BYLAWS STATE THAT THE ORGANIZATION SHALL NOT ENTER INTO ANY CONTRACT OR TRANSACTION WITH (A) ONE OR MORE OF ITS DIRECTORS, (B) A DIRECTOR OF A RELATED ORGANIZATION, OR (C) AN ORGANIZATION IN OR OF WHICH A DIRECTOR IS A DIRECTOR, OFFICER, OR LEGAL REPRESENTATIVE OR HAS A MATERIAL FINANCIAL INTEREST; UNLESS THE MATERIAL FACTS AS TO THE CONTRACT OR TRANSACTION AND AS TO THE DIRECTR'S INTEREST ARE FULLY DISCLOSED OR KNOWN TO THE BOARD OF DIRECTORS, AND THE BOARD OF DIRECTORS AUTHORIZES, APPROVES, OR RATIFIES THE CONTRACT OR TRANSACTION IN GOOD FAITH BY THE AFFIRMATIVE VOTE OR A MAJORITY OF THE DIRECTORS(WITHOUT COUNTING THE INTERESTED DIRECTOR), AT A MEETING AT WHICH THERE IS A QUORUM WITHOUT COUNTING THE INTERESTED DIRECTOR. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE BY CONTACTING ANYONE IN THE OFFICE OR A BOARD MEMBER. PART XII, LINE 2C THE RESPONSIBILITY OF OVERSIGHT FOR THE AUDIT BY THE AUDIT COMMITTEE HAS NOT CHANGED NOR HAS THE PROCESS CHANGED IN THE SELECTION OF AN INDEPENDENT ACCOUNTANT FOR THE 2023 TAX YEAR.