Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | UNDER THE CURRENT MANAGEMENT AGREEMENT, STEVE DICK, EXECUTIVE DIRECTOR, IS AN EMPLOYEE OF AND COMPENSATED BY SOUTH DAKOTA FARM BUREAU, PO BOX 1426, HURON, SD 57350. HE WAS COMPENSATED $82,779 AND RECEIVED BENEFITS OF $17,360 IN 2018. PAYMENTS MADE TO SOUTH DAKOTA FARM BUREAU FOR MANAGEMENT SERVICES ARE DISCLOSED ON FORM 990, PART VII, SECTION B. |
| FORM 990, PART VI, SECTION A, LINE 8B | COMMITTEES ARE ADVISORY IN NATURE ONLY AND RECOMMENDATIONS FROM THE COMMITTEES MUST BE BROUGHT TO THE FULL BOARD FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE EXECUTIVE DIRECTOR REVIEWS THE 990 IN DETAIL. AFTER HIS REVIEW, THE 990 IS PROVIDED TO EACH BOARD MEMBER. WHETHER PRESENTED IN A BOARD MEETING OR NOT, THE 990 IS NOT FILED UNTIL EACH BOARD MEMBER HAS BEEN GIVEN A COPY OF IT AND GIVEN AMPLE TIME TO REVIEW IT. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS AND THE MANAGEMENT COMPANY, SOUTH DAKOTA FARM BUREAU, THROUGH THE USE OF COMPARABILITY DATA. THE BOARD OF DIRECTORS SUBMITS A BUDGET, WHICH INCLUDES THE SALARY OF THE EXECUTIVE DIRECTOR, TO THE MANAGEMENT COMPANY FOR FINAL APPROVAL. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | OFFICER STEVE DICK RECEIVED REPORTABLE COMPENSATION IN 2018. |
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