Overview
What is Foundation Seed Stocks Division?
Foundation Seed Stocks Division is an affiliated entity of South Dakota State University, serving as the land-grant institution for South Dakota. Their primary mission is to preserve the genetic purity of publicly developed crop varieties, maintaining over 200 such varieties. They achieve this by providing pure seed stock of new varieties developed at South Dakota State University. Annually, they distribute Foundation Class of certified seed to approximately 120 certified seed producers, amounting to around 30,000 bushels. The organization is based in Brookings, South Dakota.
Is Foundation Seed Stocks Division legitimate?
Foundation Seed Stocks Division is a legitimate nonprofit organization registered as a 501(c)(5) entity. Foundation Seed Stocks Division 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $24,684
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What is the mission statement of Foundation Seed Stocks Division?
The Foundation Seed Stocks Division's primary mission is to preserve the genetic purity of publicly developed varieties of agricultural crops. To accomplish this, they provide high-quality seed stocks of new varieties that have been developed at South Dakota State University. The division ensures the genetic integrity of these crops by maintaining over 200 public varieties. Annually, they distribute up to 30,000 bushels of Foundation Class certified seed to around 120 certified seed producers. This division plays a crucial role in supporting the agricultural industry by providing pure seed stocks, thereby promoting the successful growth and yield of these crops.
Who is the CEO of Foundation Seed Stocks Division?
Jack Ingemansen is the Manager of Foundation Seed Stocks Division.
What is the revenue of Foundation Seed Stocks Division?
Foundation Seed Stocks Division's revenue in 2023 was $812,532.
Who are the executives of Foundation Seed Stocks Division and what are their salaries?
There 5 volunteers at Foundation Seed Stocks Division.
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Where can I find the form 990 for Foundation Seed Stocks Division?
Foundation Seed Stocks Division's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Foundation Seed Stocks Division
The Foundation Seed Stocks Division, affiliated with South Dakota State University, is committed to preserving the genetic purity of publicly developed varieties of agricultural crops. Their mission is to provide seed stock of new varieties, ensuring that these seeds maintain their original traits and qualities. By doing so, they contribute to the overall success of farmers and the agricultural industry as a whole, as they distribute certified seed to over 120 certified seed producers annually, amounting to up to 30,000 bushels. The Foundation Seed Stocks Division plays a crucial role in the agricultural sector by maintaining over 200 public varieties of foundation seed, ensuring the longevity and reliability of these crop varieties.
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Impact
October, 2024
The Foundation Seed Stocks Division plays a crucial role in the agricultural landscape of South Dakota by ensuring the availability of pure seed stock for new crop varieties developed at South Dakota State University. By maintaining over 200 public varieties and distributing approximately 30,000 bushels of certified seed annually, it supports about 120 certified seed producers in the state. This initiative not only promotes genetic purity of publicly developed agricultural crops but also fosters innovation and sustainability in farming practices. Through education and access to high-quality seed, the Division contributes to the advancement of agriculture, ultimately benefiting farmers and consumers alike.
This information is meant to be a general summary of Foundation Seed Stocks Division. 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 2023.
- Investment Income: $23,190
- Gross Receipts: $1,362,786
Assets and Liabilities:
- Total Assets: $2,905,942
- Total Liabilities: $23,933
- Net Assets: $2,882,009
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Organization Details
Founding Year
1944
Phone
(605) 688-5418Principal Officer
Jack Ingemansen
Main Address
BOX 2125, BROOKINGS, SD, 57007
NTEE Category
Code: B11 - Education
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