2023-08-30T12:08:39-04:00 2022-12-31 411562398 CARLSONSV LLP 5801 DULUTH STREET SUITE 360 GOLDEN VALLEY MN 55422 990 2022-01-01 460132880 FARMERS EDUCATIONAL & COOPERATIVE UNION FARM 6053526761 1410 DAKOTA AVENUE S HURON SD 57350 KARLA HOFHENKE SECRETARY/TREASURER 6053526761 2023-08-15 true KARLA HOFHENKE 999009999 false MATT GUYER CPA P00386499 7635429633 2023-08-15 X 2022 2023-04-26 12:10:37Z SOUTH DAKOTA FARMERS UNION DOUG SOMBKE 1410 DAKOTA AVENUE S HURON SD 57350 2940983 false X WWW.SDFU.ORG X 1915 SD TO SUPPORT PROGRAMS AND ADVANCE EFFORTS THAT FURTHER ECONOMIC PROSPERITY AND CULTURAL VITALITY IN RURAL SOUTH DAKOTA. 10 8 18 184179 176125 22451 14911 195812 226179 1681142 2201351 356105 241211 2255510 2683652 15000 0 0 812269 895857 0 0 1041165 1648131 1868434 2543988 387076 139664 35004659 38274413 3098762 3062670 31905897 35211743 TO SUPPORT PROGRAMS AND ADVANCE EFFORTS THAT FURTHER ECONOMIC PROSPERITY AND CULTURAL VITALITY IN RURAL SOUTH DAKOTA. false false PROVIDED EDUCATIONAL PROGRAMS AND INFORMATION TO THE YOUTH OF SOUTH DAKOTA. THE FOUNDATION HOSTED 30 YOUTH CAMPS ACROSS THE STATE WITH APPROXIMATELY 600 YOUTH ATTENDING; SPONSORED A SAFETY QUIZ BOWL FOR 80+ HIGH SCHOOLERS DURING THE STATE'S FFA CONVENTION; AND GRANTED FIVE 500 SCHOLARSHIPS TO AREA YOUTH. false false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false true false false false false false true true true false true 21 0 18 true true true false false false false false false false X 10 8 false false false false true true false true true false true true true true true true false false false false false X DOUG SOMBKE 6053526761 1410 DAKOTA AVENUE S HURON SD 57350 DOUG SOMBKE PRESIDENT 39.00 1.00 X X 193850 0 36753 KARLA HOFHENKE SECRETARY/TR 39.00 1.00 X X 108430 0 0 WAYNE SOREN VICE PRESIDE 3.10 0.10 X X 2800 0 0 SCOTT KOLOUSEK DIRECTOR 3.10 0.10 X 2700 0 0 DAVID REIS DIRECTOR 3.10 0.10 X 2700 0 0 CHAD JOHNSON DIRECTOR 3.10 0.10 X 2500 0 0 GAIL TEMPLE DIRECTOR 3.10 0.10 X 2300 0 0 DALLIS BASEL DIRECTOR 3.10 0.10 X 2100 0 0 OREN LESMEISTER DIRECTOR 3.10 0.10 X 2000 0 0 MIKE MILLER DIRECTOR 3.10 0.10 X 1900 0 0 LARRY BIRGEN DIRECTOR 3.10 0.10 X 0 0 0 321280 36753 2 false true false 14911 14911 EDUCATIONAL CAMPS/CONFERENCES 123145 123145 STATE FAIR/SHOWS/CONVENTION 75000 75000 CONVENTION SPONSORSHIPS 15000 15000 NEWSLETTER ADVERTISING 12000 12000 RURAL DEVELOPMENT PROGRAMS 1034 1034 226179 2185376 2185376 48000 84474 -36474 -36474 -36474 147336 41496 172857 -25521 41496 15975 23162 -7187 MIDWEST AGENCY LLP 524298 84160 84160 MISCELLANEOUS 54297 54297 MANAGEMENT FEES 561499 50000 50000 89228 2735 86493 277685 2683652 291373 184179 2193189 321280 286578 244230 43769 23761 19927 8054 131667 154710 135805 27980 103424 102909 45493 28110 170577 45109 LEGISLATIVE EXPENSE 365261 CAMP & EDUCATION EXP 106401 OTHER EXPENSES 61267 ORGANIZATION EXP 60687 56989 2543988 0 0 0 680607 529403 154904 133379 330282 407178 3049546 1255688 1852244 1793858 636072 577627 31350550 34825968 7000 35004659 38274413 474109 226558 162194 191879 1214418 1099321 1248041 1544912 3098762 3062670 X 31905897 35211743 31905897 35211743 35004659 38274413 X 139664 -49148 3215330 X false true X true false 86693 86693 2209602 775183 1434419 753251 480505 272746 1793858 INVESTMENT IN FUE 28588962 F INVESTMENT IN FUSA 6237006 F 34825968 ACCRUED PENSION LIABILITY 1544912 1544912 X 6186342 -49148 5789388 5740240 446102 8054 2229496 2237550 2683652 2880496 84473 84473 2796023 8054 -260089 -252035 2543988 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(5) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS, THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT RENTAL EXPENSES 84,473 FUE BOOK INCOME 5,221,341 FUSA BOOK INCOME 419,078 MIDWEST AGENCY PARTNERSHIP INCOME 64,496 SCHEDULE D, PAGE 4, PART XI, LINE 4B FUE CASH DIVIDEND 1,900,000 FUSA TAX INCOME 265,000 MIDWEST AGENCY K-1 64,496 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT RENTAL EXPENSES 84,473 SCHEDULE D, PAGE 4, PART XII, LINE 4B DEPRECIATION DIFFERENCE 0 PENSION EXP ADJUSTMENT -296,871 BOOK / TAX DEPRECIATION DIFFERENCE 36,782 X false false false DOUG SOMBKE PRESIDENT 193850 36753 230603 FARMERS UNION SERVICE ASSOC SAME BOARD 48000 RENT EXPENSE false SD FARMERS UNION FOUNDATION SAME BOARD 186250 EXPENSE REIMBUSEMENT false FORM 990, PAGE 1, ITEM C SOUTH DAKOTA FARMERS UNION FOUNDATION FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A BOARD IS APPOINTED BY MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FULL BOARD OF DIRECTORS MEETS AND APPROVES THE ANNUAL AUDITED FINANCIAL STATEMENTS AND THE OFFICERS OF THE BOARD REVIEW AND APPROVE THE FORM 990 AND VERIFY THE NUMBERS ARE RECONCILED TO THE AUDIT REPORT. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE AND SIGN A FORM SHOWING POTENTIAL CONFLICTS OF INTEREST. THAT FORM IS REVIEWED BY THE ORGANIZATION'S OFFICERS AND KEPT ON FILE. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9 DIRECT RENTAL EXPENSES 84,473 FUE BOOK INCOME 5,221,341 FUSA BOOK INCOME 419,078 MIDWEST AGENCY PARTNERSHIP INCOME 64,496 FUE CASH DIVIDEND -1,900,000 FUSA TAX INCOME -265,000 MIDWEST AGENCY K-1 -64,496 DIRECT RENTAL EXPENSES -84,473 DEPRECIATION DIFFERENCE 0 PENSION EXP ADJUSTMENT -296,871 BOOK / TAX DEPRECIATION DIFFERENCE 36,782 TOTAL 3,215,330 SOUTH DAKOTA FARMERS UNION FOUNDATI 1410 DAKOTA AVE S HURON SD 57350 460459143 EDUCATION SD 501C3 9 N/A false FARMERS UNION SERVICE ASSOCIATION 1410 DAKOTA AVE HURON SD 57350 460220690 INSURANCE SD N/A false true false false false false true false false false true false true false false false false false false false FARMERS UNION SERVICE ASSOCIATION A 48000 CASH RECEIVED FARMERS UNION SERVICE ASSOCIATION F 265000 DIVIDEND PAID SD FARMERS UNION FOUNDATION L 186250 CASH PAID