2026-03-05T15:05:57-06:00 2025-06-30 450250958 Eide Bailly LLP 345 N Reid Pl Ste 400 Sioux Falls SD 571037034 990 2024-07-01 460373309 South Dakota Soybean Association SOUT 6053309942 5000 S Broadband Lane 100 Sioux Falls SD 57108 Kevin Deinert President 6053309942 2026-02-19 1 1 Laurie Hanson CPA P00851848 6053391999 2026-02-04 2024 2025-03-06 01:10:19Z Kevin Deinert 5000 S Broadband Lane 100 Sioux Falls SD 57108 714083 0 X www.sdsoybean.org X 1982 SD Improve competitiveness and profitability for South Dakota Soybean Farmers. 15 15 7 21 0 0 13522 20826 615903 608279 16857 36198 26246 27854 672528 693157 0 0 0 0 111006 110206 0 0 0 457626 455300 568632 565506 103896 127651 1028770 1159290 145594 141452 883176 1017838 X Grow market opportunities and value for South Dakota soybean farmers through public policy and education. 0 0 During the year ending June 30, 2025, 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 67 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 0 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 7 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 0 0 0 1 1 0 1 1 1 0 0 0 X Jerry Schmitz 6053309942 5000 S Broadband Lane Suite 100 Sioux Falls SD 57108 X Jerome Schmitz Executive Director 4.00 X 2486 0 3434 Kevin Deinert President 1.50 X X 0 0 0 Drew Peterson 1st Vice President 1.50 X X 0 0 0 Tanner Hento 2nd Vice President 1.50 X X 0 0 0 Jeff Kloucek Secretary 1.50 X X 0 0 0 Brent Greenway Treasurer 1.50 X X 0 0 0 Chad Nelsen Director 1.50 X 0 0 0 Chris Diedrich Director From 06/2025 1.50 X 0 0 0 JD Wangsness Director 1.50 X 0 0 0 Jon Nelson Director 1.50 X 0 0 0 Andy Weisser Director 1.50 X 0 0 0 Dan Nigg Director 1.50 X 0 0 0 Tara Bierman Director From 06/2025 1.50 X 0 0 0 Blake Foxley Young Leader 1.50 X 0 0 0 Ross Tschetter Young Leader 1.50 X 0 0 0 Riley Schoenfelder Young Leader 1.50 X 0 0 0 Jeff Thompson Director Until 12/2024 1.50 X 0 0 0 Jesse King Director At-Large Until 12/2024 1.50 X 0 0 0 2486 0 3434 0 0 0 0 0 20826 20826 Soybean Leader Magazin 513120 316291 316291 SDSRPC Project Service 110000 123775 123775 Ag Outlook 900099 115460 115460 Membership Dues 900099 33728 33728 19025 19025 608279 36198 36198 48780 20926 27854 27854 693157 608279 0 64052 2874 98372 8960 1954 6692 96730 49079 33262 45000 Yield Contest 73096 Legislative Expense 51538 SDSA Ag Outlook 24650 Board Expenses 20568 52731 565506 980337 1038532 46529 112440 1904 8318 4500 4500 0 0 1028770 1159290 35045 20857 110549 120595 145594 141452 X 883176 1017838 883176 1017838 1028770 1159290 X 127651 7011 X 0 1 X 1 0 16008 370 16008 16008 0 0 1 0 Part I-A, Line 1: SDSA raises funds through multiple in-person engagements with soybean producers throughout the year. These SoyPAC funds are expended to state political campaigns. 4500 4500 0 0 X 714083 0 714083 -20926 -20926 693157 586433 0 586433 -20926 -20926 565507 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 4b - Other Adjustments: Special Event Expense -20,926. Part XII, Line 4b - Other Adjustments: Special Event Expense -20,926. Golf Tournament 48780 48780 1320 2153 7077 7609 2767 48780 48780 1320 2153 7077 7609 2767 20926 27854 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 $37,007 and $3,218 respectively. The amount reported on part VII includes only the portion of salary and benefit attributable to Jerome's work for the association. Form 990, Part XI, line 9: PAC adjustment 7,011.