2025-01-20T08:37:47-06:00 2024-06-30 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2023-07-01 460214081 SOUTH DAKOTA ASSOCIATION OF COOPERATIVES SOUT 6059452548 116 NORTH EUCLID PIERRE SD 57501 BRENDA FORMAN EXECUTIVE DIRECTOR 6059452548 2024-12-19 1 1 DENNIS GARDINER CPA P02167685 5152701446 2023 2024-10-15 13:58:12Z BRENDA FORMAN 116 NORTH EUCLID PIERRE SD 57501 333035 0 X WWW.SDAC.COOP/ X 1944 SD THE ORGANIZATION'S OBJECTIVE IS TO ASSOCIATE THE MEMEBERS TOGETHER INTO A SOCIETY FOR THE PURPOSE OF PROMOTING THE INTEREST AND WELFARE OF SOUTH DAKOTA COOPERATIVES BY ANY APPROPRIATE MEANS AND TO EDUCATE AND BRING ABOUT A BETTER UNDERSTANDING OF THE COOPERATIVE TYPE OF BUSINESS. 13 12 2 0 0 0 0 0 284593 303846 1376 29189 0 0 285969 333035 0 0 0 0 131338 139277 0 0 0 98823 106037 230161 245314 55808 87721 742344 826247 19162 15344 723182 810903 X THE ORGANIZATION'S MISSION IS: 1. TO MAKE AVAILABLE INFORMATION AND SERVICES FOR MEMBER COOPERATIVES.2. TO PROMOTE AND ASSIST IN RESEARCH AND STUDIES FOR THE MOST EFFECTIVE UTILIZATION OF COOPERATIVES TO IMPROVE THE ECONOMIC STATUS OF PRODUCERS AND CONSUMERS.3. TO PROVIDE LEADERSHIP IN DEVELOPING AN UNDERSTANDING OF THE NEEDS, PURPOSES AND ACCOMPLISHMENTS OF COOPERATIVES WITH GOVERNMENT, INCLUDING EXECUTIVE, LEGISLATIVE AND REGULATORY BRANCHES, ASSURING COOPERATIVES THAT THE OPPORTUNITY TO FULFILL THEIR NEEDS AND PURPOSES WILL BE MAINTAINED AND IMPROVED.4. TO ESTABLISH AND MAINTAIN A POSITION OF LEADERSHIP WITH ALLIED COOPERATIVES AND OTHER ORGANIZATIONS IN MATTERS PERTAINING GENERALLY TO THE WELFARE OF AGRICULTURE AND THE PRINCIPLES OF COOPERATIVES.5. TO PROMOTE AND CONDUCT EDUCATIONAL PROGRAMS SO THAT COOPERATIVES WILL BE RECOGNIZED AS THE SELF-HELP DEVICE AVAILABLE TO PRODUCERS AND CONSUMERS WORKING TO STRENGTHEN THEIR ECONOMIC OPPORTUNITY. 0 0 245314 303846 SOUTH DAKOTA ASSOCIATION OF COOPERATIVES(SDAC)FOCUSES ON SEVERAL AREAS OF CONCERN TO COOPERATIVES. GOVERNMENT AFFAIRSSDAC WORKS WITH THE SOUTH DAKOTA LEGISLATURE, STATE REGULATORY AND ADMINISTRATIVE AGENCIES, AND SOUTH DAKOTA CONGRESSIONAL DELEGATION TO SECURE LAWS AND INTERPRETATIONS THAT WILL PROTECT AND GUIDE COOPERATIVES, YET NOT CAUSE ECONOMIC HARDSHIPS. THE ASSOCIATION HAS BEEN INSTRUMENTAL IN SECURING CHANGES THAT HAVE SAVED COOPERATIVES THOUSANDS OF DOLLARS BY MAINTAINING EXEMPTIONS, CLARIFICATION OF DEFINITIONS, FEE REDUCTIONS AND PREVENTION OF UNFAVORABLE LEGISLATION BEFORE IT IS INTRODUCED.SDAC'S IMAGE AND RESPECT HAVE BEEN ELEVATED TO THAT WHICH WE ARE ASKED TO GIVE INPUT INTO DECISIONS AFFECTING STATE POLICY IN MANY AREAS. THIS HAS COME ABOUT THROUGH THE DEDICATED WORK OF MEMBER CO-OPS, THE BOARD, AND STAFF.SDAC HAS GONE FROM A POSITION OF ALWAYS FIGHTING UNFAVORABLE LEGISLATION AND POLICY TO ONE OF BEING ABLE TO GUIDE AND CHANGE THAT WHICH IS UNFAVORABLE TO COOPERATIVES.LEGISLATIVE ACTIVITY TAKES PLACE OUTSIDE THE LEGISLATIVE SESSION, AND SDAC PLAYS AN ACTIVE ROLE ATTENDING AND TESTIFYING AT THE LEGISLATIVE INTERIM COMMITTEE AND AGENCY HEARINGS.PUBLIC RELATIONS AND EDUCATIONSDAC PUBLIC RELATIONS AND EDUCATION PROGRAMS INCLUDE FUTURE FARMERS OF AMERICA, 4-H AND YOUTH INVOLVEMENT IN THE NATIONAL INSTITUTE FOR COOPERATIVE EDUCATION.SPECIAL EVENTS AND ACTIVITIES, LIKE OCTOBER CO-OP MONTH, THE HALL OF FAME INDUCTION BANQUET, AGFEST AND CO-OP DAY AT THE LEGISLATURE, ALL HELP RAISE PUBLIC AWARENESS OF THE IMPORTANT ROLE COOPERATIVES PLAY IN SOUTH DAKOTA'S ECONOMY.SDAC ALSO SERVES AS A LINK TO PROVIDE THE COOPERATIVE VIEWPOINT TO FARM ORGANIZATIONS, COMMODITY GROUPS AND NON-AG ORGANIZATIONS ... CONTRIBUTING IDEAS AND CONCERNS WHEN INTERESTS PARALLEL.PRESENTLY, SDAC REPRESENTS THE COOPERATIVES OF SOUTH DAKOTA ON THE FOLLOWING BOARDS: CERTIFIED CROP ADVISORY BOARD VALUE ADDED DEVELOPMENT CENTER AG UNITY SOUTH DAKOTA HIGHWAY USERS ASSOCIATION OF STATE COOPERATIVE COUNCILS SOUTH DAKOTA RURAL DEVELOPMENT COUNCIL NATIONAL COUNCIL ON AGRICULTURE, RESEARCH, EXTENSION AND TEACHING VETERINARIAN ADVISORY BOARD COMMUNICATIONSDAC BELIEVES THAT EFFECTIVE COOPERATION DEPENDS ON AN ALERT AND INFORMED MEMBERSHIP. 245314 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 2 1 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 X THE ORGANIZATION 6059452548 116 NORTH EUCLID PIERRE SD 57501 MIKE TRAXINGER PRESIDENT 0.50 X X 0 0 0 JASON STARK VICE PRESIDENT 0.50 X X 0 0 0 LANNY KIRSCH SECRETARY 0.50 X X 0 0 0 MILES MENDEL TREASURER 0.50 X X 0 0 0 TODD VAN WALLEGHEN DIRECTOR 0.50 X 0 0 0 TRAVIS SCHENK DIRECTOR 0.50 X 0 0 0 TODD JOHNSON DIRECTOR 0.50 X 0 0 0 CHAD DYLLA DIRECTOR 0.50 X 0 0 0 SHAWN DONOVAN DIRECTOR 0.50 X 0 0 0 MARK FINCK DIRECTOR 0.50 X 0 0 0 KEN SNYDER DIRECTOR 0.50 X 0 0 0 TROY GRENSBERG DIRECTOR 0.50 X 0 0 0 BRENDA FORMAN EXECUTIVE DIRECTOR 40.00 X X 107000 0 0 107000 0 0 1 0 0 0 0 MEMBERSHIP DUES 110000 276791 276791 JOINT CONVENTION INCOM 110000 9852 9852 OTHER PROGRAM INCOME 110000 9787 9787 TRAINING WORKSHOPS 110000 7416 7416 303846 29189 29189 333035 303846 0 29189 107000 107000 16420 16420 6310 6310 9547 9547 10766 10766 12323 12323 4600 4600 26058 26058 3531 3531 4199 4199 TRAINING WORKSHOPS 14347 14347 DIRECTORS' EXPENSE 12184 12184 YOUTH AND MEMBER ACTIVI 5450 5450 MISC EXPENSES 5376 5376 7203 7203 245314 245314 0 0 161471 227751 571748 590076 8925 7920 200 500 742344 826247 15397 15344 3765 0 19162 15344 X 723182 810903 723182 810903 742344 826247 87721 0 X X 0 1 X 1 0 0 0 1 261791 57860 9113 66973 68066 -1093 0 X 333035 0 333035 0 333035 245314 0 245314 0 245314 PART X, LINE 2: THE ASSOCIATION IS A NON-PROFIT ORGANIZATION THAT HAS BEEN DETERMINED TO BE EXEMPT FROM FEDERAL INCOME TAXES. THE ASSOCIATION IS REQUIRED TO FILE A FEDERAL INCOME TAX RETURN, FORM 990, IN ACCORDANCE WITH SECTION 501(C)6 OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. 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 THE ARISING BENEFIT 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. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERSHIP COMPOSED OF THREE CLASSES. THE THREE CLASSES ARE LOCAL, REGIONAL, AND ASSOCIATE MEMBERSHIPS. LOCAL MEMBERSHIPS ARE ALLOWED FOR COOPERATIVE ASSOCIATIONS ORGANIZED UNDER THE LAWS OF THE STATE OF SOUTH DAKOTA AND SHALL HAVE VOTING PRIVILEGES AND RIGHT TO HOLD OFFICE. REGIONAL MEMBERSHIPS ARE ALLOWED TO COOPERATIVES WHOSE MEMBERSHIP CONSISTS WHOLLY OR PARTLY OF COOPERATIVES QUALIFYING AS LOCAL MEMBERSHIPS AND SHALL SHARE IN ALL PRIVILEGES AS SUCH EXCEPT VOTING PRIVILEGES AND RIGHT TO HOLD OFFICE. ASSOCIATE MEMBERS ARE ANY COMPANY, INDIVIDUAL, PARTNERSHIP, OR CORPORATION DOING BUSINESS WITH THE MEMBERS COOPERATIVES, WITH THEIR PRIVALEGES OF THESE MEMBERS BEING DETERMINED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERSHIPS WITH VOTING PRIVILEGES (LOCAL MEMBERSHIPS) ELECT THE BOARD OF DIRECTORS OF THE ORGANIZATION. THOSE ELIGIBLE TO BE MEMBERS OF THE BOARD OF DIRECTORS ARE EITHER A PRODUCER WHO IS ALSO A DIRECTOR FOR A LOCAL COOPERATIVE, OR AN EMPLOYEE OF A COOPERATIVE. THE STATE IS BROAKEN DOWN INTO FOUR DISTRICTS, AND EACH DISTRICT IS TO ELECT THREE DIRECTORS. OF THESE THREE, ONE MUST BE A LOCAL PRODUCER WHO IS ALSO A DIRECTOR FOR A LOCAL COOPERATIVE AND ONE MUST BE AN EMPLOYEE OF A COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS AFFECTING THE ARTICLES OF INCORPORATION AND BYLAWS OF THE ORGANIZATION ARE SUBJECT TO THE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION COMPARES INFORMATION FROM THE AUDITED FINANCIAL STATEMENTS TO THE FORM 990 PRIOR TO FILING ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S FINANCIAL STATEMENTS ARE PRESENTED ANNUALLY TO THE MEMBERSHIP AT THE ANNUAL MEETING. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO MEMBERS OF THE ASSOCIATION OR OTHER NON-DUE PAYING MEMBERS UPON REQUEST. FORM 990, PAGE 12, PART XII, LINE 2C THE ASSOCIATION DOES NOT HAVE AN AUDIT COMMITTEE, BUT THE BOARD OF DIRECTORS ACTS IN THE ROLE OF THE AUDIT COMMITTEE. THE BOARD IS INVOLVED IN APPROVING THE ANNUAL ENGAGEMENT LETTER WITH THE INDEPENDENT AUDIT FIRM. GENERALLY, EVERY OTHER YEAR THE INDEPENDENT AUDITOR MEETS WITH THE BOARD OF DIRECTORS TO REVIEW AND DISCUSS THE AUDIT RESULTS. IN ADDITION, THE BOARD OF DIRECTORS HAS THE CONTACT INFORMATION FOR THE AUDITOR AND DISCUSSES AUDIT RELATED MATTERS AS NEEDED.