ASSOCIATED SCHOOL BOARDS OF SOUTH DAKOTA INC

EIN: 460242298 501(c)(3)

PIERRE, SD

Total Revenue
$2,463,819
Total Expenses
$1,967,109
Total Assets
$7,081,385
Net Assets
$6,927,911
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
SD
Principal Officer
HEATH LARSON
Phone
6057732500
Tax Period
2024-07-01 to 2025-06-30

ASSOCIATED SCHOOL BOARDS OF SOUTH DAKOTA INC, founded in 1977, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2018. Expenses of $2.0M left a modest 9% surplus.

Mission

TO RELIEVE THE BURDEN OF GOVERNMENT AND TO DISSEMINATE INFORMATION TO MEMBER SCHOOL BOARDS THROUGH DAY TO DAY CONTACT, PUBLICATIONS, CONVENTIONS, WORKSHOPS AND CONFERENCES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $298,081
Program Service Revenue $1,990,428
Investment Income $108,048
Other Revenue $67,262
TOTAL REVENUE $2,463,819

Expense Breakdown

Grants Paid $0
Salaries & Benefits $984,034
Fundraising Expenses $0
Program Expenses $1,108,483
Other Expenses $983,075
TOTAL EXPENSES $1,967,109

Year-over-Year Comparison

2024 2023 Change
Revenue $2,463,819 $2,234,075 +0.1%
Expenses $1,967,109 $2,123,505 -0.1%
Net Income $496,710 $110,570 +3.5%
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
19
Independent Members
19
Employees
14
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
8
$316,874
Total Directors
19
$18,050
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOLLY NAGEL CHIEF FINANC N/A
Officer
$138,500 $14,223 $152,723
HEATH LARSON EXECUTIVE DI 40.00
Officer
$67,175 $10,494 $77,669
DOUG WERMEDAL EXEC. DIRECT N/A
Officer
$66,609 $10,023 $76,632
SHANE T ROTH 1ST VICE PRE 0.50
Officer Director
$0 $2,825 $2,825
GARRET BISCHOFF PRESIDENT 0.50
Officer Director
$0 $2,575 $2,575
LOUANN KROGMAN PAST PRESIDE 0.50
Officer Director
$0 $2,300 $2,300
LISA SNEDEKER 2ND VICE PRE 0.50
Officer Director
$0 $2,150 $2,150
DUANE ALM DIRECTOR 0.50
Director
$0 $1,225 $1,225
ANITA PETERSON DIRECTOR 0.50
Director
$0 $1,200 $1,200
SUSAN HUMISTON DIRECTOR 0.50
Director
$0 $950 $950
TANYA GRAY DIRECTOR 0.50
Director
$0 $725 $725
PAMELA HAUKAAS DIRECTOR 0.50
Director
$0 $700 $700
JULIE SCHWADER DIRECTOR 0.50
Director
$0 $700 $700
ERIC STROEDER DIRECTOR 0.50
Director
$0 $625 $625
JAMIE LINDNER DIRECTOR 0.50
Director
$0 $575 $575
MARC MURREN DIRECTOR 0.50
Director
$0 $525 $525
ELLIE C SAXER DIRECTOR 0.50
Director
$0 $400 $400
DAN CRONIN DIRECTOR 0.50
Director
$0 $300 $300
JAMIE CHAPHAM DIRECTOR 0.50
Director
$0 $200 $200
STEVE KUBIK DIRECTOR 0.50
Director
$0 $75 $75
ALEXANDRA LUX DIRECTOR 0.50
Director
$0 $0 $0
MARK WINEGAR DIRECTOR 0.50
Director
$0 $0 $0
ROXANNE HEEZEN CFO 40.00
Officer
$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 $2,463,819 $1,967,109 $7,081,385 $496,710
2024 $2,234,075 $2,123,505 $6,283,238 $110,570
2023 $2,268,351 $2,050,318 $5,874,852 $218,033
2022 $2,233,947 $1,901,875 $5,359,983 $332,072
2021 $2,090,632 $1,680,459 $5,403,466 $410,173
2020 $2,217,852 $1,894,545 $4,622,984 $323,307
2019 $2,136,736 $1,953,984 $4,263,008 $182,752
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