SOUTH DAKOTA FARM BUREAU FEDERATION

EIN: 460191750

HURON, SD

Total Revenue
$3,352,324
Total Expenses
$2,382,879
Total Assets
$5,037,797
Net Assets
$4,772,769
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Financial Trends

Organization Details

Principal Officer
KRYSTIL SMIT
Tax Period
2024-09-01 to 2025-08-31

SOUTH DAKOTA FARM BUREAU FEDERATION is a community nonprofit that reported $3.4M in total revenue in fiscal year 2024. The organization ran a surplus of $969K, a strong 29% operating margin.

Mission

PROMOTE THE INTERESTS OF AGRICULTURAL PRODUCERS IN THE STATE OF SOUTH DAKOTA

Program Service Accomplishments

Program 1
Expenses: $1,899,925 Revenue: $2,980,267

UNALLOCATED EXPENSES INCLUDING EMPLOYEE COSTS, OTHER PROGRAMS AND ACTIVITIES: SDFB SERVES 40 UNITS OF INDIVIDUAL OR COMBINED COUNTIES. THE ORGANIZATION PROVIDES SUPPORT FOR THE COUNTY UNITS IN WORK...

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UNALLOCATED EXPENSES INCLUDING EMPLOYEE COSTS, OTHER PROGRAMS AND ACTIVITIES: SDFB SERVES 40 UNITS OF INDIVIDUAL OR COMBINED COUNTIES. THE ORGANIZATION PROVIDES SUPPORT FOR THE COUNTY UNITS IN WORK WITH LOCAL, STATE, AND NATIONAL AGENCIES ON ISSUES RELATING TO AGRICULTURE PRODUCTION. THIS INCLUDES REGULATORY REVIEW AND COMPLIANCE, CARRYING OUT SDFB POLICY, OBJECTIVES AND CONFLICT RESOLUTION. THE ORGANIZATION WORKS TO CARRY OUT GRASS ROOT POLICIES AT THE STATE LEGISLATURE. THE ORGANIZATION KEEPS MEMBERSHIP INFORMED ON LEGISLATIVE ISSUES THAT WOULD HAVE AN EFFECT ON RURAL SOUTH DAKOTA. ACCOMPLISHMENTS ARE MEASURED BY MEMBERSHIP GROWTH AND POLICY DEVELOPMENT AS THE ORGANIZATION CONTINUES TO MEET THE NEEDS OF RURAL SOUTH DAKOTA.

Program 2
Expenses: $290,578

DIRECT EXPENSES - WORKSHOPS, CONVENTION AND AG RELATED COMMITTEES: THROUGH THESE ACTIVIVITIES THE ORGANIZATION 1) PROVIDED INFORMATIONAL ACTIVITIES TO EDUCATE, ENERGIZE AND EMPOWER OUR RURAL...

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DIRECT EXPENSES - WORKSHOPS, CONVENTION AND AG RELATED COMMITTEES: THROUGH THESE ACTIVIVITIES THE ORGANIZATION 1) PROVIDED INFORMATIONAL ACTIVITIES TO EDUCATE, ENERGIZE AND EMPOWER OUR RURAL MEMBERSHIP 2) CONDUCTED LEADERSHIP TRAINING 3) PROVIDED PRODUCTION AND MARKETING INFORMATION 4) PROVIDED REGULATORY COMPLIANCE UPDATES. THE AG RELATED COMMITTEES PROVIDE A CONDUIT FOR BOOTS ON THE GROUND UP TO THE RESEARCH AND DEVELOPMENT OF PRODUCTION PRACTICES.

Program 3
Expenses: $15,582

DIRECT EXPENSES - SUBSCRIPTION & MEMBERSHIP PROMOTION: THE ORGANIZATION PROVIDES INFORMATION AND PROMOTION TO ITS MEMBERSHIP AND OTHERS THROUGH ITS PRINT PUBLICATION, WEBSITE, SOCIAL MEDIA AND...

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DIRECT EXPENSES - SUBSCRIPTION & MEMBERSHIP PROMOTION: THE ORGANIZATION PROVIDES INFORMATION AND PROMOTION TO ITS MEMBERSHIP AND OTHERS THROUGH ITS PRINT PUBLICATION, WEBSITE, SOCIAL MEDIA AND SPONSORSHIPS OF EVENTS. THE ORGANIZTION SUPPORTS COUNTY UNITS PROMOTION OF ITS BRAND AT LOCAL COUNTY EVENTS, WHEREBY THE COUNTY UNITS TELL AGRICULTURES STORY TO THE NONFARM CONSUMER THROUGH VOICE MEDIA.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $288,462
Program Service Revenue $2,980,267
Investment Income $83,595
Other Revenue $0
TOTAL REVENUE $3,352,324

Expense Breakdown

Grants Paid $17,900
Salaries & Benefits $788,107
Fundraising Expenses $25,255
Program Expenses $2,206,085
Other Expenses $1,576,872
TOTAL EXPENSES $2,382,879

Year-over-Year Comparison

2024 2023 Change
Revenue $3,352,324 $3,372,354 0.0%
Expenses $2,382,879 $2,666,079 -0.1%
Net Income $969,445 $706,275 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
13
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$262,817
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRYSTIL SMIT EXECUTIVE DI 40.00
Officer
$143,618 $27,657 $171,275
JACKIE WINEGAR ACCOUNTANT 40.00
Officer
$72,696 $18,846 $91,542
CLAY CONRY DIRECTOR 1.00
Director
$0 $0 $0
SCOTT EISENBRAUN DIRECTOR 1.00
Director
$0 $0 $0
TONY FARMEN DIRECTOR 1.00
Director
$0 $0 $0
TONY FARMEN STUDENT BOAR 1.00
Director
$0 $0 $0
ROGER HAINY DIRECTOR 1.00
Director
$0 $0 $0
NICK IHNEN DIRECTOR 1.00
Director
$0 $0 $0
REID JENSON VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RON KROGSTAD DIRECTOR 1.00
Director
$0 $0 $0
DANIEL PROPST DIRECTOR 1.00
Director
$0 $0 $0
JERRY RUNIA DIRECTOR 1.00
Director
$0 $0 $0
COURTNEY SALVADOR DIRECTOR 1.00
Director
$0 $0 $0
MARK SALVADOR DIRECTOR 1.00
Director
$0 $0 $0
ALLYSON VANDERWAL YF&R 1.00
Director
$0 $0 $0
KYLE VANDERWAL YF&R 1.00
Director
$0 $0 $0
SCOTT VANDERWAL PRESIDENT 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,352,324 $2,382,879 $5,037,797 $969,445
2024 $3,372,354 $2,666,079 $4,099,987 $706,275
2023 $3,144,838 $2,931,776 $3,332,285 $213,062
2022 $2,176,457 $2,191,494 $2,922,262 $-15,037
2021 $1,731,788 $1,695,529 $3,071,703 $36,259
2020 $1,709,648 $1,568,640 $2,869,054 $141,008
2019 $1,697,597 $1,505,730 $2,765,095 $191,867
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