Civic Intelligence

South Dakota Soybean Association

EIN 46-0373309 • 501(c)5 • Sioux Falls, SD

Profile

Founded in 1982, the South Dakota Soybean Association (SDSA) is a grassroots farmer-led member organization whose purpose is to develop and implement the policies and objectives of our members for their benefit and profitability, as well as, for the entire industry.

5000 S Broadband Lane No 100Sioux Falls, SD 57108

www.sdsoybean.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

81st percentile

0.12x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Net Margin

72nd percentile

18%

Higher net margin than 72% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$5,920

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

501(c)5 • $1M-$5M nonprofits • Source year 2025

Asset Growth

73rd percentile

13%

Faster asset growth than 73% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

39th percentile

3.1%

Faster revenue growth than 39% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$909,324

Up $68,373 (+8.1%) from 2022

Liabilities

Up

$130,044

Up $14,112 (+12%) from 2022

Net Assets

Up

$779,280

Up $54,261 (+7.5%) from 2022

Revenue

Up

$726,551

Up $107,770 (+17%) from 2022

Expenses

Up

$672,290

Up $149,501 (+29%) from 2022

Net Income

Down

$54,261

Down $41,731 (-43%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $178,239Liabilities 2011: $47,158Net Assets 2011: $131,0812011Assets 2012: $269,015Liabilities 2012: $73,984Net Assets 2012: $195,0312012Assets 2013: $443,806Liabilities 2013: $128,381Net Assets 2013: $315,4252013Assets 2014: $565,530Liabilities 2014: $78,912Net Assets 2014: $486,6182014Assets 2015: $633,847Liabilities 2015: $104,518Net Assets 2015: $529,3292015Assets 2016: $705,122Liabilities 2016: $160,305Net Assets 2016: $544,8172016Assets 2017: $626,616Liabilities 2017: $110,883Net Assets 2017: $515,7332017Assets 2018: $574,384Liabilities 2018: $77,255Net Assets 2018: $497,1292018Assets 2019: $626,540Liabilities 2019: $113,374Net Assets 2019: $513,1662019Assets 2020: $619,434Liabilities 2020: $84,036Net Assets 2020: $535,3982020Assets 2021: $741,496Liabilities 2021: $112,469Net Assets 2021: $629,0272021Assets 2022: $840,951Liabilities 2022: $115,932Net Assets 2022: $725,0192022Assets 2023: $909,324Liabilities 2023: $130,044Net Assets 2023: $779,2802023

Highlighted filing

2023

Assets$909,324
Liabilities$130,044
Net Assets$779,280

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $411,431Expenses 2011: $376,110Net Income 2011: $35,3212011Expenses 2012: $452,6972012Revenue 2013: $770,245Expenses 2013: $649,851Net Income 2013: $120,3942013Revenue 2014: $775,723Expenses 2014: $656,051Net Income 2014: $119,6722014Revenue 2015: $702,929Expenses 2015: $660,218Net Income 2015: $42,7112015Revenue 2016: $694,808Expenses 2016: $679,320Net Income 2016: $15,4882016Revenue 2017: $641,040Expenses 2017: $670,124Net Income 2017: -$29,0842017Revenue 2018: $704,117Expenses 2018: $722,721Net Income 2018: -$18,6042018Revenue 2019: $531,002Expenses 2019: $514,965Net Income 2019: $16,0372019Revenue 2020: $377,982Expenses 2020: $358,084Net Income 2020: $19,8982020Revenue 2021: $455,544Expenses 2021: $361,915Net Income 2021: $93,6292021Revenue 2022: $618,781Expenses 2022: $522,789Net Income 2022: $95,9922022Revenue 2023: $726,551Expenses 2023: $672,290Net Income 2023: $54,2612023

Highlighted filing

2023

Revenue$726,551
Expenses$672,290
Net Income$54,261

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.09$1.30$7.79$7.27$6.72$0.54
2022Summary only. Only limited summary data is available for this year.$8.41$1.16$7.25$6.19$5.23$0.96
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.41$1.12$6.29$4.56$3.62$0.94
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.19$0.84$5.35$3.78$3.58$0.20
2019Summary only. Only limited summary data is available for this year.$6.27$1.13$5.13$5.31$5.15$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.74$0.77$4.97$7.04$7.23$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.27$1.11$5.16$6.41$6.70$0.29
2016Detailed filing. Detailed filing data is available for this year.$7.05$1.60$5.45$6.95$6.79$0.15
2015Detailed filing. Detailed filing data is available for this year.$6.34$1.05$5.29$7.03$6.60$0.43
2014Detailed filing. Detailed filing data is available for this year.$5.66$0.79$4.87$7.76$6.56$1.20
2013Summary only. Only limited summary data is available for this year.$4.44$1.28$3.15$7.70$6.50$1.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.74$1.95$4.53
2011Summary only. Only limited summary data is available for this year.$1.78$0.47$1.31$4.11$3.76$0.35
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 10, 2017
Return Version
2015v3.0
Gross Receipts
$766,066
Mission and Program Overview

Mission

Grow market opportunities and value for South Dakota soybean farmers through public policy and education.

To improve the competitiveness and profitability of the South Dakota soybean farmer.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$375,517$375,879▲ $362
Cash and Non-Interest-Bearing Accounts$195,649$237,497▲ $41,848
Accounts Receivable$54,987$89,712▲ $34,725
Prepaid Expenses and Deferred Charges$7,694$2,034▼ $5,660
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$633,847$705,122▲ $71,275
Liabilities
Accounts Payable and Accrued Expenses$39,369$102,517▲ $63,148
Deferred Revenue$65,149$57,788▼ $7,361
Total Liabilities$104,518$160,305▲ $55,787
Net Assets / Fund Balance
Unrestricted Net Assets$529,329$544,817▲ $15,488
Total Net Assets Fund Balance$529,329$544,817▲ $15,488
Total Liabilities and Net Assets / Fund Balance$633,847$705,122▲ $71,275

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$4,500$4,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeremy FrekingExecutive DirectorPT$6,453$645$7,098

Board Members and Trustees

NameTitle
Jerry SchmitzPresident
John Krutzfeldt1st Vice President
Colin Nachtigal2nd Vice President
Doug HansonDirector
Jeff ThompsonDirector
Kenneth SchulteDirector
Michael ElsenDirector
Paul CasperDirector
Scott Biskeborn2014 Young Leader
Brandon Wipf2015 Young Leader
Josh Kayser2016 Young Leader
Jon SchaefferSecretary
John HorterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$47,280
Program Service Revenue
$563,053
Investment Income
$362
Other Revenue
$84,113
All Other Contributions
$5,957
Change in Net Assets
$15,488

Audited Revenue Reconciliation

Revenue per Audited Statements
$766,066
Revenue Not Reported on Financial Statements
$-71,258
Revenue Not Reported on Form 990
$7,889
Other Revenue Adjustments
$-71,258
Total Revenue per Audited Statements
$773,955
Total Revenue per Form 990
$694,808
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$611,800
Salaries, Compensation, and Employee Benefits$67,520
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising---$136,042
Travel---$59,916
All Other Expenses---$58,640
Other Salaries and Wages---$52,852
Fees for Services Management---$47,700
Occupancy---$32,250
Conferences and Meetings---$22,831
Current Officers, Directors, Trustees, and Key Employees---$6,969
Payroll Taxes---$4,677
Pension Plan Contributions---$3,022
Fees for Services Legal---$705
Other Expenses---$573
Total Functional Expenses$0$0$0$679,320

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$758,294
Expenses per Audited Statements$750,578
Total Expenses per Form 990$679,320
Expenses Not Reported on Form 990$7,716
Expenses Not Reported on Financial Statements$-71,258
Other Expense Adjustments$-71,258
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$155,371
Fundraising Direct Expenses$71,258
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ag outlook$119,661$119,661$22,545$97,116
Golf Tournament$35,710$35,710$4,105$31,605
Total Events$155,371$155,371$71,258$84,113
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

This is an association with members.

Form 990, Part VI, Section A, line 7A

The organization has members, and the members can elect board members at the annual meeting.

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 11

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 available at annual meeting in December. Available in office upon request.

Form 990, Part VII

Jeremy Freking, Executive Director, is compensated through South Dakota Soybean Association. However, the majority of his time is spent working for Soybean Research & Promotion Council. The Council reimburses the Association for Jeremy's salary and benefit expense. Total compensation and benefits reimbursed by the Council were $43,184 and $4,318, respectively.

Filing and Contact Details

Filer

Filer Name
South Dakota Soybean Association
EIN
46-0373309
Phone
6053300278
Address
5000 S Broadband Lane No 100, Sioux Falls, SD 57108

Signing Officer

Name
Jeremy Freking
Title
Executive Director
Phone
6053300278
Signed
2017-03-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Freking
Formed
1982
Legal Domicile
Sd
Voting Board Members
13
Independent Board Members
13
Employees
9
Volunteers
15

Preparer

Firm
Eide Bailly Llp
Address
200 EAST 10TH ST PO BOX 5125, SIOUX FALLS, SD 57117-5125
Preparer
Laurie Hanson
Phone
6053391999
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Association is organized as a South Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(5). The Association is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Association is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The Association files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. 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 2D - Other Adjustments:

SoyPAC Revenue 7,889.

Part XI, Line 4B - Other Adjustments:

Reclass Special Event Expense -71,258.

Part XII, Line 2D - Other Adjustments:

SoyPac Expense 7,716.

Part XII, Line 4B - Other Adjustments:

Reclass Special Event Expense -71,258.

Raw XML AppendixShowing 400 of 430 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1John Krutzfeldt
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IRS990/Form990PartVIISectionAGrp/PersonNm6Kenneth Schulte
IRS990/Form990PartVIISectionAGrp/PersonNm7Paul Casper
IRS990/Form990PartVIISectionAGrp/PersonNm8Doug Hanson
IRS990/Form990PartVIISectionAGrp/PersonNm9Michael Elsen
IRS990/Form990PartVIISectionAGrp/PersonNm10Josh Kayser
IRS990/Form990PartVIISectionAGrp/PersonNm11Brandon Wipf
IRS990/Form990PartVIISectionAGrp/PersonNm12Scott Biskeborn
IRS990/Form990PartVIISectionAGrp/PersonNm13Jeremy Freking
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt11st Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22nd Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt102016 Young Leader
IRS990/Form990PartVIISectionAGrp/TitleTxt112015 Young Leader
IRS990/Form990PartVIISectionAGrp/TitleTxt122014 Young Leader
IRS990/Form990PartVIISectionAGrp/TitleTxt13Executive Director
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0362
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0362
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt04500
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt04500
IRS990/LegalDomicileStateCd0SD
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt041323
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Founded in 1982, the South Dakota Soybean Association (SDSA) is a grassroots farmer-led member organization whose purpose is to develop and implement the policies and objectives of our members for their benefit and profitability, as well as, for the entire industry.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0529329
IRS990/NetAssetsOrFundBalancesEOYAmt0544817
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt084113
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt084113
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt032250
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Yield Contest
IRS990/OtherExpensesGrp/Desc1Dues Expense
IRS990/OtherExpensesGrp/Desc2Legislative expense
IRS990/OtherExpensesGrp/TotalAmt0236766
IRS990/OtherExpensesGrp/TotalAmt116377
IRS990/OtherExpensesGrp/TotalAmt2573
IRS990/OtherSalariesAndWagesGrp/TotalAmt052852
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt04677
IRS990/PensionPlanContributionsGrp/TotalAmt03022
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07694
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02034
IRS990/PrincipalOfficerNm0Jeremy Freking
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/BusinessCd1511120
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0SD Soybean Research Pr
IRS990/ProgramServiceRevenueGrp/Desc1Magazine advertising r
IRS990/ProgramServiceRevenueGrp/Desc2Corporate Funding
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0286852
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1196933
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0286852
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1264801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211400
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt067868
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt053908
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0283
IRS990/PYOtherExpensesAmt0594727
IRS990/PYOtherRevenueAmt094731
IRS990/PYProgramServiceRevenueAmt0554007
IRS990/PYRevenuesLessExpensesAmt042711
IRS990/PYSalariesCompEmpBnftPaidAmt065491
IRS990/PYTotalExpensesAmt0660218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0702929
IRS990/ReconcilationRevenueExpnssAmt015488
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0375517
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0375879
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/ExpensesNotReportedAmt07716
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-71258
IRS990ScheduleD/ExpensesSubtotalAmt0750578
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt07716
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-71258
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04500
IRS990ScheduleD/OtherRevenueAmt07889
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-71258
IRS990ScheduleD/RevenueNotReportedAmt07889
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-71258
IRS990ScheduleD/RevenueSubtotalAmt0766066
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Association is organized as a South Dakota nonprofit corporation and has been recognized by the Internal Revenue Service (IRS) as exempt from federal income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(5). The Association is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. In addition, the Association is subject to income tax on net income that is derived from business activities that are unrelated to their exempt purposes. The Association files an Exempt Organization Business Income Tax Return (Form 990-T) with the IRS to report its unrelated business taxable income. 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SoyPAC Revenue 7,889.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Reclass Special Event Expense -71,258.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SoyPac Expense 7,716.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4Reclass Special Event Expense -71,258.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0679320
IRS990ScheduleD/TotalRevenuePerForm990Amt0694808
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0773955
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0758294
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01200
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt071258
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Ag outlook
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt017030
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt04168
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt021198
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0119661
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt035710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0155371
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0119661
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt035710
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0155371
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt084113
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt0677
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0677
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026650
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022545
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt04105
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt015401
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt06132
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt021533
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0This is an association with members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has members, and the members can elect board members at the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Financial statements available at annual meeting in December. Available in office upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Jeremy Freking, Executive Director, is compensated through South Dakota Soybean Association. However, the majority of his time is spent working for Soybean Research & Promotion Council. The Council reimburses the Association for Jeremy's salary and benefit expense. Total compensation and benefits reimbursed by the Council were $43,184 and $4,318, respectively.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VII
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0633847
IRS990/TotalAssetsEOYAmt0705122
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IRS990/TotalAssetsGrp/EOYAmt0705122
IRS990/TotalCompGreaterThan150KInd00
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IRS990/TotalEmployeeCnt09
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IRS990/TotalLiabilitiesGrp/EOYAmt0160305
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IRS990/TotalRevenueGrp/ExclusionAmt084475
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0694808
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt067868
IRS990/TotalVolunteersCnt015
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0544817
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05000 S Broadband Lane No 100
IRS990/USAddress/CityNm0Sioux Falls
IRS990/USAddress/StateAbbreviationCd0SD
IRS990/USAddress/ZIPCd057108
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013

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