Overview
What is South Dakota Association Of Cooperatives?
The South Dakota Association of Cooperatives (SDAC) is a nonprofit organization dedicated to advocating for and supporting cooperatives in South Dakota. They work closely with the state legislature and regulatory agencies to secure favorable laws and interpretations that protect and guide cooperatives without causing economic hardships. SDAC has played a significant role in securing exemptions, clarifications, fee reductions, and preventing unfavorable legislation before its introduction. Their mission includes providing information and services to member cooperatives, promoting research, and advocating for cooperatives' needs with government branches. SDAC also serves on various boards and contributes ideas and concerns to farm organizations, commodity groups, and non-ag organizations. Their public relations and education programs involve Future Farmers of America, 4-H, and youth involvement in the National Institute for Cooperative Education, among other activities. SDAC aims to educate and raise public awareness of cooperatives' essential role in South Dakota's economy. Word limit: 119
Official website here: www.sdac.coop
Is South Dakota Association Of Cooperatives legitimate?
South Dakota Association Of Cooperatives is a legitimate nonprofit organization registered as a 501(c)(6) entity. South Dakota Association Of Cooperatives submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $107,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,420
For more financial information, click here
Official website here: www.sdac.coop
What is the mission statement of South Dakota Association Of Cooperatives?
The South Dakota Association of Cooperatives has a mission to bring together its member cooperatives and promote their interests and welfare through appropriate means. It aims to provide them with necessary information and services, conduct research and studies for the efficient use of cooperatives, and advocate for cooperatives' needs with government bodies. The organization also aims to establish a leadership role in promoting the understanding of cooperatives' purposes and accomplishments, both within the cooperative sector and with government entities. Furthermore, it conducts educational programs to raise awareness of cooperatives as a self-help device for producers and consumers. The association aims to maintain a leading position with allied cooperatives and other organizations, focusing on agriculture and cooperative principles.
Official website here: www.sdac.coop
What is the revenue of South Dakota Association Of Cooperatives?
South Dakota Association Of Cooperatives's revenue in 2024 was $333,035.
Official website here: www.sdac.coop
Who are the executives of South Dakota Association Of Cooperatives and what are their salaries?
The average compensation at South Dakota Association Of Cooperatives during 2024 was $61,710. There are 2 employees at South Dakota Association Of Cooperatives.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $107,000
- Related: $0
- Other: $0
Official website here: www.sdac.coop
Where can I find the form 990 for South Dakota Association Of Cooperatives?
South Dakota Association Of Cooperatives's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sdac.coop
Learn more at the official website: www.sdac.coop
Mission Statement of South Dakota Association Of Cooperatives
The South Dakota Association of Cooperatives, with a mission to unite its members, aims to enhance the interests and well-being of South Dakota cooperatives through various means. One of its primary objectives is to make essential information and services readily available to its member cooperatives. Furthermore, the organization is committed to promoting research and studies that optimize the utilization of cooperatives to boost the economic status of both producers and consumers.
In addition, the South Dakota Association of Cooperatives takes a proactive role in advocating for its members, ensuring their needs and purposes are maintained and improved in interactions with government bodies. This includes engaging with executive, legislative, and regulatory branches to uphold the cooperative business model. The association also aspires to establish and sustain a leadership position in matters pertaining to agriculture and cooperative principles, collaborating with allied cooperatives and other organizations for the general welfare of the cooperative sector.
Lastly, the South Dakota Association of Cooperatives is dedicated to promoting educational programs that showcase cooperatives as a self-help tool available to producers and consumers striving to strengthen their economic opportunities. By educating the public, the association seeks to recognize cooperatives as a vital component in the agricultural and economic landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The South Dakota Association of Cooperatives (SDAC) plays a pivotal role in promoting the interests and welfare of cooperatives throughout South Dakota. By bringing together member cooperatives, SDAC fosters a collaborative environment that enhances the understanding and application of cooperative business models.
One of the key impacts of SDAC is its active engagement in government affairs. The organization works with the South Dakota Legislature and other regulatory agencies to advocate for laws and policies that support cooperative principles while safeguarding them from unfavorable economic impacts. This proactive approach has led to significant savings for cooperatives, thanks to exemptions, definition clarifications, fee reductions, and preventive measures against detrimental legislation.
Moreover, SDAC enhances public relations and education by organizing events such as October Co-op Month and Co-op Day at the Legislature. These initiatives raise awareness of the vital role of cooperatives in South Dakota's economy, while also involving young people through programs associated with Future Farmers of America and 4-H. By connecting cooperatives to various agricultural and commodity groups, SDAC ensures that cooperative viewpoints are represented in broader discussions about farming and community welfare.
The organization also emphasizes effective communication and leadership development among its members. By providing valuable resources, promoting research, and establishing relationships with allied cooperatives, SDAC strengthens the cooperative network in South Dakota, ensuring that cooperatives can meet the evolving needs of producers and consumers alike. Through these efforts, SDAC significantly contributes to the sustainability and economic resilience of cooperative enterprises in the region.
This information is meant to be a general summary of South Dakota Association Of Cooperatives. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $29,189
- Program Service Revenue: $303,846
- Gross Receipts: $333,035
Assets and Liabilities:
- Total Assets: $742,344
- Total Liabilities: $19,162
- Net Assets: $723,182
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$276,791
JOINT CONVENTION INCOM
Revenue
$9,852
OTHER PROGRAM INCOME
Revenue
$9,787
TRAINING WORKSHOPS
Revenue
$7,416
Organization Details
Founding Year
1944
Principal Officer
Brenda Forman
Website
www.sdac.coopNTEE Category
Code: S41 - Community improvement
If you are a representative of South Dakota Association Of Cooperatives and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.