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Nonprofit · EIN 46-0230291

FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION

Tax-exempt · BROOKINGS, SD 57007

Financials

$711K$296K2023$484K$449K2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$483,675$449,133$34,542$3,467,828$121,519$3,346,309
June 30, 2024990$711,378$295,626$415,752$3,316,873$19,112$3,297,761
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$69,290
Net income from sales of inventory
$414,385
Other revenue
$414,385

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Other salaries and wages
$596
Salaries, compensation and benefits (total)
$598
Professional fundraising fees
$0
Occupancy
$33,065
Travel
$12,783
Depreciation
$165,219
Program services (functional)
$449,133

Balance sheet and other

Total assets, start of year
$3,316,873
Total assets, end of year
$3,467,828
Total liabilities, end of year
$121,519
Net assets, end of year
$3,346,309
Land, buildings and equipment
$1,360,542
Gross receipts
$973,228
Employees
0
Volunteers
5
Year formed
1944
State of legal domicile
SD

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ZACH LOOMISMANAGER
Trustee or director, Officer
45$0
JASON DEVANEYDIRECTOR
Trustee or director
1$0
BARRY DUNNDIRECTOR
Trustee or director
1$0
KEVIN BIELMAIERDIRECTOR
Trustee or director
1$0
JOSEPH CASSADYDIRECTOR
Trustee or director
1$0
SANDY SMARTDIRECTOR
Trustee or director
1$0
CHRIS LYNCHDIRECTOR
Trustee or director
1$0
JOHN BLANTON JRDIRECTOR
Trustee or director
1$0
EVAN SALVERSONDIRECTOR
Trustee or director
1$0
KAREN SANGUINETCHAIRMAN
Officer
1$0
BRENT KRAUSEVICE CHAIRMAN
Officer
1$0
DAVID KARKISEC/TREAS
Officer
3$0
990 for the year ended June 30, 2024: 12 people
NameTitleHours / weekCompensation
JACK INGEMANSENMANAGER
Trustee or director, Officer, Highest-paid employee
45$0
DAVID WRIGHTCHAIRMAN
Trustee or director
1$0
LEE BROCKMUELLERVICE CHAIRMAN
Trustee or director
1$0
VACANTSECRETARY-TREASURER
Trustee or director
–$0
BARRY DUNNDIRECTOR
Trustee or director
1$0
JOSEPH CASSADYDIRECTOR
Trustee or director
1$0
KARLA TRAUTMANDIRECTOR
Trustee or director
1$0
JOHN BLANTON JRDIRECTOR
Trustee or director
1$0
BRENT KRAUSEDIRECTOR
Trustee or director
1$0
HENRY ROGHAIRDIRECTOR
Trustee or director
1$0
KEVIN BIELMAIERDIRECTOR
Trustee or director
1$0
EVAN SALVERSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
BOX 2125, BROOKINGS, SD 57007-0001
In care of
% ZACH LOOMIS
Principal officer (990 for 2024)
ZACH LOOMIS, BOX 2125, BROOKINGS, SD 57007
Signed the 990
ZACH LOOMIS, MANAGER
Phone
(605) 688-5418
Return prepared by
HRB TAX GROUP INC

Mission

The purpose of the Foundation is to increase and distribute superior varieties of seed and propagating materials to benefit the agricultural for the citizens of South Dakota.

990 for the year ended June 30, 2025

Program accomplishments

  • FOUNDATION SEED STOOD STOCK DIVISION IS AFFILIATED WITH SOUTH DAKOTA UNIVERSITY, WHICH IS A LAND GRAND UNIVERSITY FOR THE STATE OF SOUTH DAKOTA. OVER 200 PUBLIC VARIETIES OF THE SEED ARE MAINTAINED BY THE FOUNDATION FOR PUBLIC DEVELOPED CROP VARIETIES. FOUNDATION SEED DISTRIBUTES UP TO 3000 BUSHELS OF FOUNDATION CLASS CERTIFIED SEED TO COVER 120 CERTIFIED SEED PRODUCERS ANNUALLY.
    Expenses $306,333 · grants $142,800 · revenue $34,541

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-0230291
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1946
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,467,828
Income (IRS master file)
$973,228

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$483,675$449,133$3,467,828XML
990June 2024$711,378$295,626$3,316,873XML
990June 2023$812,532$324,841$2,905,942IRS
990June 2022–––IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0230291).

Questions about FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION

What is the EIN of FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION?
The employer identification number (EIN) of FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION is 46-0230291.
Is FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1946.
Are donations to FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION?
The 990 for the year ended June 30, 2025 names ZACH LOOMIS.
Who are the officers and directors of FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION?
The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
How much revenue does FOUNDATION SEED STOCK DIVISION OF SOUTH DAKOTA UNIVERSITY FOUNDATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $483,675, expenses of $449,133 and total assets of $3,467,828 at year end.

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