2024-01-29T08:24:33-06:00 2023-09-30 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2022-10-01 466014972 SOUTH DAKOTA CROP IMPROVMENT ASSOCIATION SOUT 6056884606 2380 RESEARCH PARKWAY 136 BROOKINGS SD 57006 NEAL FOSTER EXECUTIVE DIRECTOR 6056884606 2024-01-08 1 NEAL FOSTER XXX-XX-XXXX 1 DENNIS GARDINER CPA P02167685 5152701446 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NEAL FOSTER 2380 RESEARCH PARKWAY 136 BROOKINGS SD 57006 1257619 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 446765 369561 56181 55810 673001 832248 1175947 1257619 362149 423273 0 0 186065 153677 0 0 0 713630 878672 1261844 1455622 -85897 -198003 5345554 5460475 1885999 2050542 3459555 3409933 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 1455622 244287 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. 1455622 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 14 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 JIM CHILSON 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 BOB RANKIN DIRECTOR 0.50 X 0 0 0 DAVID FAUSKE DIRECTOR 0.50 X 0 0 0 NEAL FOSTER EXECUTIVE DIRECTOR 40.00 X X 0 0 0 FRED ZENK DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 1 0 SALES/INSPECTION/TESTING 541380 215215 215215 LEASE (REAL PROPERTY) 531190 125274 125274 OTHER INCOME 541380 19432 19432 MEMBERSHIP DUES 543180 9640 9640 369561 55810 55810 832248 832248 1257619 244287 0 1013332 423273 423273 117234 117234 7533 7533 19957 19957 8953 8953 55053 55053 26230 26230 51871 51871 34617 34617 459194 459194 7956 7956 41358 41358 12035 12035 64775 64775 85228 85228 16713 16713 PROPERTY TAXES 17943 17943 MAINTENANCE AND REPAIRS 3979 3979 VEHICLE EXPENSES 1720 1720 1455622 1455622 0 0 396249 384947 13775 20156 10397 10950 3589661 382417 3282986 3207244 646886 734811 995261 1102367 5345554 5460475 461505 398450 1424494 1652092 1885999 2050542 X 3459555 3409933 3459555 3409933 5345554 5460475 -198003 148381 0 X X 0 1 X 0 0 2820270 2820270 402670 245028 157642 366721 137389 229332 3207244 AMERICAN MUTUAL FUND 85951 F INCOME FUND OF AMERICA 349111 F AMERICAN BALANCED FUND 373430 F CAPITAL INCOME BUILDER FUND 293875 F 1102367 X 1406000 148381 148381 1257619 0 1257619 1455622 0 1455622 0 1455622 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. 0 SDSU FOUNDATION 815 MEDARY AVENUE BOX 525 BROOKINGS SD 57007 460273801 501(C)(3) 8350 0 BOOK SCHOLARSHIP FUND SDSU OATS BREEDING PROGRAM 2380 RESEARCH PARK WAY BROOKINGS SD 57007 466000364 501(C)(3) 0 364500 FMV APPROVED ANNUAL GRANT. NEW TRACTOR, TRAILERS, AND MOWER. ADVANCEMENT OF OAT BREEDING PROGRAM WITH ANNUAL GRANT AND NEW EQUIPMENT/TECHNOLOGY. SDSU NE FARM 2380 RESEARCH PARK WAY BROOKINGS SD 57007 466000364 501(C)(3) 0 6832 FMV NEW MOWER FOR NE FARM NEW EQUIPMENT FOR SDSU NE FARM. SDSU WINTER WHEAT BREEDING PROGRAM 2380 RESEARCH PARK WAY BROOKINGS SD 57007 466000364 501(C)(3) 0 33821 FMV GUIDANCE SYSTEM FOR TRACTOR ADVANCEMENT OF TECHNOLOGY FOR WINTER WHEAT BREEDING PROGRAM. 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 $113,137 ($90,037 WAGES + $5,582 RETIREMENT (APROX) + $9,768 HEALTH INSURANCE (APROX)+ $7,750 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 2022 TAX YEAR.