Foundation Seed Stock Division Of South Dakota University Foundation

Organization Overview

Foundation Seed Stock Division Of South Dakota University Foundation is located in Brookings, SD. The organization was established in 1946. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Seed Stock Division Of South Dakota University Foundation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 06/2023, Foundation Seed Stock Division Of South Dakota University Foundation generated $812.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $324.8k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PURE SEED STOCK OF NEW VARIETIES DEVELOPED AT SOUTH DAKOTA STATE UNIVERSITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOUNDATION SEED IS AFFILIATED WITH SOUTH DAKOTA STATE UNIVERSITY, WHICH IS THE LAND GRANT UNIVERSITY FOR SOUTH DAKOTA. OVER 200 PUBLIC VARIETIES OF FOUNDATION SEED ARE MAINTAINED OF PUBLICLY DEVELOPED CROP VARIETIES. FOUNDATION SEED DISTRIBUTES UP TO 30000 BUSHELS OF FOUNDATION CLASS OF CERTIFIED SEED TO COVER 120 CERTIFIED SEED PRODUCERS ANNUALLY


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Board, Officers & Key Employees

Name (title)Compensation
Jack Ingemansen
Manager
$0
David Wright
Chairman
$0
Lee Brockmueller
Vice Chairman
$0
Jon Kleinjan
Secretary-Treasurer
$0
Barry Dunn
Director
$0
Joseph Cassady
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $24,824
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$1,634
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $789,342
Miscellaneous Revenue$0
Total Revenue $812,532

Peer Organizations

Organization NameAssets
Und Alumni Association And Foundation
Grand Forks, ND
$69,768,490
North Dakota State University Foundation
Fargo, ND
$58,170,689
University Of Wyoming Foundation
Laramie, WY
$132,516,967
University Of Montana Foundation
Missoula, MT
$33,477,321
South Dakota State University Foundation
Brookings, SD
$86,766,590
Montana State University Foundation
Bozeman, MT
$61,224,540
University Of South Dakota Foundation
Vermillion, SD
$26,328,274
University Of Northern Iowa Foundation
Cedar Falls, IA
$39,233,728
Und Aerospace Foundation
Grand Forks, ND
$22,926,416
University Of Iowa Strategic Initiatives Fund
Iowa City, IA
$26,829,794
National Assistance Foundation
Des Moines, IA
$16,875,706
Sioux Falls Christian Schools Association
Sioux Falls, SD
$21,344,730
Grinnell College Medical Benefit Plan Trust Agreement
Grinnell, IA
$10,252,534
Iowa State University Research Park Corp
Ames, IA
$11,715,274
Casper College Foundation
Casper, WY
$11,522,950
Northern State University Foundation
Aberdeen, SD
$8,393,561
Minnesota State University Mankato Foundation Incorporated
Mankato, MN
$9,285,148
Isu Veterinary Services Corporation
Des Moines, IA
$8,502,801
Omaha Schools Foundation
Omaha, NE
$9,559,467
Iowa High School Athleticassociation
Boone, IA
$7,450,879
St Cloud State University Foundation Inc
St Cloud, MN
$10,818,973
University Gateway Corporation
Minneapolis, MN
$4,330,129
Iowa Law School Foundation
Iowa City, IA
$1,523,885
University Of Minnesota Foundation Investment Advisors
Minneapolis, MN
$5,244,210
University Of Iowa Research Foundation
Iowa City, IA
$3,710,030

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