South Dakota Industrial Hemp Association
- Assets
- $17.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Pierre, SD
- Founding
- Data as of
- 12/2022
- EIN
- 85-0717644
Organization Overview
South Dakota Industrial Hemp Association is located in Pierre, SD. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Industrial Hemp Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, South Dakota Industrial Hemp Association generated $34.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.2% each year . All expenses for the organization totaled $25.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
UNITE THOSE ENGAGED IN THE INDUSTRIAL HEMP INDUSTRY FOR MATTERS AFFECTING THE INDUSTRY. PROMOTE AND MAINTAIN HIGH STANDARDS OF CONDUCT IN THE TRANSACTION OF THE MEMBERS' BUSINESS. KEEP MEMBERS INFORMED AS TO THE LATEST DEVELOPMENTS IN LEGISLATION AND BUSINESS PRACTICES OF THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Sieverding Executive Di | 10 | $0 | |
Ken Meyer President | 1 | $0 | |
Derrick Dohmann Vice Preside | 1 | $0 | |
Jarrod Otta Secretary/tr | 1 | $0 | |
Oren Lesmeister Director | 1 | $0 | |
Krysti Mikkonen Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $4,750 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $30,152 |
| Total Revenue | $34,902 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,309 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $156 |
| Other expenses | $10,027 |
| Total expenses | $25,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,980 |
| Other assets | $0 |
| Total assets | $17,730 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,730 |