SOUTH DAKOTA FARMERS UNION FOUNDATION
Mission Statement
The South Dakota Farmers Union Foundation is committed to providing education and information that advances the economy of South Dakota. We recognize that young people are our future - the future of farms and ranches, our businesses and our communities. We seek to expand our youth education programs that teach the importance of cooperatives and member-owned operations, develop leadership abilities and cultivate business skills, cultural awareness and the entrepreneurial spirit. The South Dakota Farmers Union Foundation supports the following programs: REAL, Jr. REAL, Farm Safety, Youth Camps and Young Producers.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.3% | 88.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.8% | 8.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 1.9% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
80.2 mo | 9.7 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
41.1% | 90.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-49.0% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-29.2% | 13.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-99.3% | 2.3% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $71K | $141K | $941K | 92.3% | 0 |
| 2022 | $139K | $199K | $1.0M | 95.4% | 0 |
| 2021 | $795K | $200K | N/A | — | 0 |
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