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Nonprofiteer
← IOWA SOYBEAN ASSOCIATION

Form 990 for tax year 2024

Filed by IOWA SOYBEAN ASSOCIATION.

Totals

Total revenue
$47,141,342
Total expenses
$48,946,152
Contributions and grants received
$11,215,033
Grants paid
$9,378,904
Program service revenue
$34,612,002
Investment income
$881,686
Other revenue
$432,621
Total assets, end of year
$50,361,819
Total liabilities, end of year
$7,118,593
Net assets or fund balances, end of year
$43,243,226
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $134,130

  • 1e · Government grants (contributions)

    $10,357,178

  • 1f · All other contributions, gifts and grants

    $723,725

  • 2a · Program service revenue: NATIONAL CHECKOFF ASSESSMENT

    total $31,831,775 · related or exempt $31,831,775

  • 2b · Program service revenue: CONTRACT REVENUE

    total $2,780,227 · related or exempt $2,780,227

  • 3 · Investment income

    total $776,455 · excluded $776,455

  • 7a · Gross sales of assets other than inventory

    other assets $105,231

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $105,231

  • 7d · Net gain or loss

    total $105,231 · excluded $105,231

  • 11a · Other revenue: MAGAZINE ADVERTISING

    total $403,261 · unrelated business $403,261

  • 11b · Other revenue: OTHER INCOME

    total $25,440 · related or exempt $25,440

  • 11c · Other revenue: REGISTRATIONS

    total $3,920 · related or exempt $3,920

  • 11e · Other revenue, total

    $432,621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,378,904

  • 5 · Compensation of officers, directors and key employees

    total $834,152

  • 7 · Other salaries and wages

    total $6,521,959

  • 8 · Pension plan contributions

    total $499,250

  • 9 · Other employee benefits

    total $1,174,296

  • 10 · Payroll taxes

    total $503,573

  • 11b · Fees: legal

    total $36,083

  • 11c · Fees: accounting

    total $32,634

  • 11d · Fees: lobbying

    total $113,874

  • 11g · Fees: other

    total $2,006,957

  • 12 · Advertising and promotion

    total $3,209,267

  • 13 · Office expenses

    total $958,272

  • 14 · Information technology

    total $394,262

  • 16 · Occupancy

    total $153,772

  • 17 · Travel

    total $941,123

  • 19 · Conferences, conventions and meetings

    total $443,818

  • 22 · Depreciation, depletion and amortization

    total $594,045

  • 23 · Insurance

    total $113,345

  • 24a · Other expenses: INCOME TAX EXPENSE

    total $587

  • 24b · Other expenses: CHECKOFF ASSESSMENT

    total $17,049,415

  • 24c · Other expenses: RESEARCH

    total $2,546,466

  • 24d · Other expenses: SPONSORSHIP

    total $597,172

  • 24e · All other expenses

    total $842,926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,186,830 · end of year $638,456

  • 2 · Savings and temporary cash investments

    beginning of year $3,382,160 · end of year $23,156,892

  • 4 · Accounts receivable

    beginning of year $12,571,506 · end of year $5,468,352

  • 9 · Prepaid expenses and deferred charges

    beginning of year $118,917 · end of year $85,966

  • 10a · Land, buildings and equipment: cost or other basis

    $20,008,722

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,321,410

  • 10c · Land, buildings and equipment, net

    beginning of year $15,223,160 · end of year $14,687,312

  • 11 · Investments: publicly traded securities

    beginning of year $14,291 · end of year $13,690

  • 12 · Investments: other securities

    beginning of year $2,238,672 · end of year $4,847,561

  • 15 · Other assets

    beginning of year $747,758 · end of year $1,463,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,783,722 · end of year $6,320,775

  • 19 · Deferred revenue

    beginning of year $459,522 · end of year $394,229

  • 25 · Other liabilities

    beginning of year $450,220 · end of year $403,589

  • 27 · Net assets without donor restrictions

    beginning of year $41,789,830 · end of year $43,243,226

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

THE IOWA SOYBEAN ASSOCIATION (ISA) IS DRIVEN TO DELIVER INCREASED SOYBEAN DEMAND THROUGH MARKET DEVELOPMENT AND NEW USES, FARMER-FOCUSED RESEARCH AND RESULTS, TIMELY INFORMATION AND KNOW-HOW, AND POLICY INITIATIVES ENABLING FARMERS AND THE INDUSTRY TO FLURISH.

Activities or mission (Part I)

DRIVEN TO DELIVER OPPORTUNITIES FOR IOWA SOYBEAN FARMERS TO THRIVE.

  • ADVOCACY - EMPOWERS SOYBEAN FARMERS TO SHAPE GOVERNMENT POLICIES AND REGULATIONS THAT IMPACT SOY AND THE AGRICULTURAL INDUSTRY.

  • PRODUCTIVITY - IMPROVES SOYBEAN CROPPING SYSTEM PRODUCTIVITY, PROFITABILITY, AND SUSTAINABILITY.

  • DEMAND - INCREASE DEMAND FOR IOWA AND U.S. SOYBEANS AND SOY PRODUCTS.

  • ENGAGEMENT - BUILDS STRONG AND ENDURING RELATIONSHIPS WITH FARMERS, INDUSTRY STAKEHOLDERS, AND KEY INFLUENCERS BENEFITING ISA AND THE AGRICULTURAL COMMUNITY. OPERATIONS - MAXIMIZES THE IMPACT OF OUR PEOPLE AND RESOURCES THROUGH OPERATIONAL EXCELLENCE, COLLABORATION, AND CONTINUOUS IMPROVEMENT.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Adam

    PRESIDENT

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Lee Brooke

    PRESIDENT ELECT

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Sam Showalter

    TREASURER

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Aimee Bissell

    SECRETARY

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Jeff Ellis

    DIRECTOR

    Total calculated
    $3,100
    From this org
    $3,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Paul Kassel

    DIRECTOR

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Brent Swart

    DIRECTOR

    Total calculated
    $8,949
    From this org
    $8,949
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Mike Yegge

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Amanda Tupper

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Josh Schoulte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Frank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marty Danzer

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Corey Goodhue

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Dave Struthers

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Joe Spersfslage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Scot Bailey

    DIRECTOR

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 2.5 related
  • Brian Fuller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Summer Ory

    DIRECTOR

    Total calculated
    $630
    From this org
    $630
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Sharon Chism

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Jack Boyer

    DIRECTOR

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Neil Krummen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Matt Willimack

    DIRECTOR (END 8/8/2025)

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Rick Juchems

    DIRECTOR (END 9/4/2025)

    Total calculated
    $2,444
    From this org
    $2,444
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Dave Walton

    DIRECTOR (END 9/4/2025)

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Warren Bachman

    DIRECTOR (END 9/4/2025)

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Randy Miller

    DIRECTOR (END 9/4/2025)

    Total calculated
    $3,861
    From this org
    $3,861
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Brent Renner

    DIRECTOR (END 9/4/2025)

    Total calculated
    $3,200
    From this org
    $3,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Kirk Leeds

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $527,703
    From this org
    $456,763
    From related orgs
    $14,661
    Other
    $56,279
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $448,930 + $14,410 related
    Bonus
    $7,833 + $251 related
    Other
    $0
    Deferred
    $30,577 + $981 related
    Nontaxable benefits
    $23,952 + $769 related
    Filer's total
    $511,292 + $16,411 related
  • Steve McGinnis

    CHIEF FINANCIAL OFFICER

    Total calculated
    $252,991
    From this org
    $203,616
    From related orgs
    $6,082
    Other
    $43,293
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $196,762 + $5,877 related
    Bonus
    $6,854 + $205 related
    Other
    $0
    Deferred
    $18,428 + $550 related
    Nontaxable benefits
    $23,610 + $705 related
    Filer's total
    $245,654 + $7,337 related
  • Roger Wolf

    DIRECTOR OF CONSERVATION

    Total calculated
    $256,480
    From this org
    $181,631
    From related orgs
    $35,035
    Other
    $39,814
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $171,972 + $33,172 related
    Bonus
    $9,659 + $1,863 related
    Other
    $0
    Deferred
    $13,033 + $2,514 related
    Nontaxable benefits
    $20,343 + $3,924 related
    Filer's total
    $215,007 + $41,473 related
  • Dan Yeoman

    MANAGING DIRECTOR OF AGOUTCOMES

    Total calculated
    $281,757
    From this org
    $0
    From related orgs
    $269,624
    Other
    $12,133
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $258,040 related
    Bonus
    $0 + $11,584 related
    Other
    $0
    Deferred
    $0 + $7,133 related
    Nontaxable benefits
    $0 + $5,000 related
    Filer's total
    $0 + $281,757 related
  • Matt Herman

    CO OF DEMAND AND ADVOCACY

    Total calculated
    $275,869
    From this org
    $244,092
    From related orgs
    $0
    Other
    $31,777
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,556
    Bonus
    $2,536
    Other
    $0
    Deferred
    $21,115
    Nontaxable benefits
    $10,662
    Filer's total
    $275,869
  • Joe McClure

    CO OF RESEARCH CENTER FOR FARMING

    Total calculated
    $263,167
    From this org
    $214,259
    From related orgs
    $3,528
    Other
    $45,380
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $211,778 + $3,487 related
    Bonus
    $2,481 + $41 related
    Other
    $0
    Deferred
    $19,534 + $322 related
    Nontaxable benefits
    $24,815 + $709 related
    Filer's total
    $258,608 + $4,559 related
  • Christi Wiebbecke

    CO OF RESEARCH AND CONSERVATION

    Total calculated
    $298,085
    From this org
    $252,658
    From related orgs
    $0
    Other
    $45,427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,122
    Bonus
    $4,536
    Other
    $0
    Deferred
    $22,163
    Nontaxable benefits
    $23,264
    Filer's total
    $298,085

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ISA MANAGEMENT SOLUTIONS INC

    C · PROVIDE PROFESSIONAL MANAGEMENT, MARKETING, AND PUBLIC RELATION SERVICES. · IA · 100% owned · share of income $1,104,463 · share of assets $2,470,291

    Directly controlled by IOWA SOYBEAN ASSOCIATION

  • AGOUTCOMES INC

    C · STRENGTHEN FARMER EFFORTS TO PROTECT WATER QUALITY AND SEQUESTER CARBON. · IA · 100% owned · share of income $12,592,882 · share of assets $13,517,296

    Directly controlled by IOWA SOYBEAN ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
18 February 2026
IRS schema version
2024v5.5
Source object
202600649349300500

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