Nonprofit · EIN 46-0373309
SOUTH DAKOTA SOYBEAN ASSOCIATION
Tax-exempt · SIOUX FALLS, SD 57108
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $693,157 | $565,506 | $127,651 | $1,159,290 | $141,452 | $1,017,838 |
| June 30, 2024 | 990 | $672,528 | $568,632 | $103,896 | $1,028,770 | $145,594 | $883,176 |
| June 30, 2023 | 990 | $726,551 | $672,290 | $54,261 | $909,324 | $130,044 | $779,280 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,826
- Program service revenue
- $608,279
- Investment income
- $36,198
- Net income from fundraising events
- $27,854
- Other revenue
- $27,854
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,874
- Other salaries and wages
- $98,372
- Salaries, compensation and benefits (total)
- $110,206
- Professional fundraising fees
- $0
- Legal fees
- $1,954
- Occupancy
- $49,079
Balance sheet and other
- Total assets, start of year
- $1,028,770
- Total assets, end of year
- $1,159,290
- Total liabilities, end of year
- $141,452
- Net assets, end of year
- $1,017,838
- Net assets without donor restrictions
- $1,017,838
- Gross receipts
- $714,083
- Employees
- 7
- Volunteers
- 21
- Year formed
- 1982
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jerome Schmitz | Executive Director Officer | 4 | $2,486 | $3,434 |
| Kevin Deinert | President Trustee or director, Officer | 1.5 | $0 | $0 |
| Drew Peterson | 1st Vice President Trustee or director, Officer | 1.5 | $0 | $0 |
| Tanner Hento | 2nd Vice President Trustee or director, Officer | 1.5 | $0 | $0 |
| Jeff Kloucek | Secretary Trustee or director, Officer | 1.5 | $0 | $0 |
| Brent Greenway | Treasurer Trustee or director, Officer | 1.5 | $0 | $0 |
| Chad Nelsen | Director Trustee or director | 1.5 | $0 | $0 |
| Chris Diedrich | Director From 06/2025 Trustee or director | 1.5 | $0 | $0 |
| JD Wangsness | Director Trustee or director | 1.5 | $0 | $0 |
| Jon Nelson | Director Trustee or director | 1.5 | $0 | $0 |
| Andy Weisser | Director Trustee or director | 1.5 | $0 | $0 |
| Dan Nigg | Director Trustee or director | 1.5 | $0 | $0 |
| Tara Bierman | Director From 06/2025 Trustee or director | 1.5 | $0 | $0 |
| Blake Foxley | Young Leader Trustee or director | 1.5 | $0 | $0 |
| Ross Tschetter | Young Leader Trustee or director | 1.5 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Riley Schoenfelder | Young Leader Trustee or director | 1.5 | $0 |
| Jeff Thompson | Director Until 12/2024 Trustee or director | 1.5 | $0 |
| Jesse King | Director At-Large Until 12/2024 Trustee or director | 1.5 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jerome Schmitz | Executive Director Officer | 4 | $2,462 | $214 |
| Kevin Deinert | President Trustee or director, Officer | 1.5 | $0 | $0 |
| Chad Schooley | 1st Vice President Trustee or director, Officer | 1.5 | $0 | $0 |
| Drew Peterson-Secretary | (Until Dec)/2nd VP(As of Jan) Trustee or director, Officer | 1.5 | $0 | $0 |
| Tanner Hento-Young Leader | (Until Dec)/Secretary(As of Jan) Trustee or director, Officer | 1.5 | $0 | $0 |
| Brent Greenway | Treasurer Trustee or director, Officer | 1.5 | $0 | $0 |
| Chad Nelsen | Director Trustee or director | 1.5 | $0 | $0 |
| Jeff Thompson-2nd VP | (Until Dec)/Director(As of Jan) Trustee or director | 1.5 | $0 | $0 |
| Dan Nigg | Director (As of Aug 23) Trustee or director | 1.5 | $0 | $0 |
| Andy Weisser | Director (As of Jan 24) Trustee or director | 1.5 | $0 | $0 |
| Jesse King | Director At-Large Trustee or director | 1.5 | $0 | $0 |
| Ross Tschetter | Young Leader (As of Jan 24) Trustee or director | 1.5 | $0 | $0 |
| Riley Schoenfelder | Young Leader (As of Jan 24) Trustee or director | 1.5 | $0 | $0 |
| Jeff Kloucek | Young Leader Trustee or director | 1.5 | $0 | $0 |
| Derrick Scott | Director (Until Dec 23) Trustee or director | 1.5 | $0 | $0 |
| John Horter | Director (Until Dec 23) Trustee or director | 1.5 | $0 | $0 |
| Jamie Johnson | Director (Until Dec 23) Trustee or director | 1.5 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jerome Schmitz | Executive Director Officer | 4.4 | $2,474 | $198 |
| Kevin Deinert | President Trustee or director, Officer | 1 | $0 | $0 |
| Chad Schooley | 1st Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Jeff Thompson | 2nd Vice President Trustee or director, Officer | 1 | $0 | $0 |
| Drew Peterson | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Brent Greenway | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Chad Nelsen | Director Trustee or director | 1 | $0 | $0 |
| Derrick Scott | Director Trustee or director | 1 | $0 | $0 |
| John Horter | Director Trustee or director | 1 | $0 | $0 |
| Jamie Johnson | Director Trustee or director | 1 | $0 | $0 |
| Jesse King | Director Trustee or director | 1 | $0 | $0 |
| Tanner Hento | Young Leader Trustee or director | 1 | $0 | $0 |
| Jeff Kloucek | Young Leader Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5000 S BROADBAND LN STE 100, SIOUX FALLS, SD 57108-2261
- Principal officer (990 for 2024)
- Kevin Deinert, 5000 S Broadband Lane 100, Sioux Falls, SD 57108
- Signed the 990
- Kevin Deinert, President
- Phone
- (605) 330-9942
- Website
- www.sdsoybean.org
- Return prepared by
- Eide Bailly LLP
Mission
Grow market opportunities and value for South Dakota soybean farmers through public policy and education.
Program accomplishments
- 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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0373309
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,159,290
- Income (IRS master file)
- $714,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $693,157 | $565,506 | $1,159,290 | XML |
| 990 | June 2024 | $672,528 | $568,632 | $1,028,770 | XML |
| 990 | June 2023 | $726,551 | $672,290 | $909,324 | XML |
| 990 | June 2022 | $618,781 | $522,789 | $840,951 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 46-0373309).
Questions about SOUTH DAKOTA SOYBEAN ASSOCIATION
- What is the EIN of SOUTH DAKOTA SOYBEAN ASSOCIATION?
- The employer identification number (EIN) of SOUTH DAKOTA SOYBEAN ASSOCIATION is 46-0373309.
- Is SOUTH DAKOTA SOYBEAN ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1983.
- Are donations to SOUTH DAKOTA SOYBEAN ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH DAKOTA SOYBEAN ASSOCIATION 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 SOUTH DAKOTA SOYBEAN ASSOCIATION 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 SOUTH DAKOTA SOYBEAN ASSOCIATION 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 SOUTH DAKOTA SOYBEAN ASSOCIATION?
- The 990 for the year ended June 30, 2025 names Kevin Deinert.
- Who are the officers and directors of SOUTH DAKOTA SOYBEAN ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $2,486 (Jerome Schmitz, Executive Director).
- How much revenue does SOUTH DAKOTA SOYBEAN ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $693,157, expenses of $565,506 and total assets of $1,159,290 at year end.
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