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Nonprofiteer
← ILLINOIS CORN MARKETING BOARD

Form 990 for tax year 2024

Filed by ILLINOIS CORN MARKETING BOARD.

Totals

Total revenue
$19,900,556
Total expenses
$14,808,195
Contributions and grants received
$0
Grants paid
$905,000
Program service revenue
$19,515,753
Investment income
$384,377
Other revenue
$426
Total assets, end of year
$19,364,129
Total liabilities, end of year
$642,899
Net assets or fund balances, end of year
$18,721,230
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 2a · Program service revenue: CHECKOFF RECEIVED

    total $20,232,560 · related or exempt $20,232,560

  • 2b · Program service revenue: PROJECT & RESEARCH CO-FUNDING

    total $69,244 · related or exempt $69,244

  • 2c · Program service revenue: REFUNDS TO PRODUCERS

    total -$786,051 · related or exempt -$786,051

  • 3 · Investment income

    total $384,377 · excluded $384,377

  • 11a · Other revenue: OTHER INCOME

    total $426 · related or exempt $426

  • 11e · Other revenue, total

    $426

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $905,000

  • 7 · Other salaries and wages

    total $1,303,473

  • 9 · Other employee benefits

    total $3,292

  • 11b · Fees: legal

    total $117

  • 11c · Fees: accounting

    total $19,000

  • 13 · Office expenses

    total $86,895

  • 14 · Information technology

    total $37,149

  • 16 · Occupancy

    total $38,609

  • 17 · Travel

    total $119,995

  • 19 · Conferences, conventions and meetings

    total $155,659

  • 22 · Depreciation, depletion and amortization

    total $9,679

  • 23 · Insurance

    total $31,422

  • 24a · Other expenses: INDUSTRIAL PROGRAMS FUNDI

    total $6,362,972

  • 24b · Other expenses: EXPORT PROGRAMS FUNDING

    total $5,346,636

  • 24c · Other expenses: EXECUTIVE PROGRAM FUNDING

    total $292,165

  • 24d · Other expenses: COMMUNICATIONS PLAN FUNDI

    total $93,664

  • 24e · All other expenses

    total $2,468

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,994,637 · end of year $17,966,336

  • 4 · Accounts receivable

    beginning of year $4,005 · end of year $34,322

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,263,686 · end of year $1,265,776

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

    $576,141

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

    $505,011

  • 10c · Land, buildings and equipment, net

    beginning of year $26,685 · end of year $71,130

  • 15 · Other assets

    beginning of year $3,206,778 · end of year $26,565

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,080,986 · end of year $565,994

  • 25 · Other liabilities

    beginning of year $96,205 · end of year $76,905

  • 27 · Net assets without donor restrictions

    beginning of year $13,318,600 · end of year $18,721,230

Mission and programs · 2024

Mission

TO PROVIDE RESEARCH, MARKET DEVELOPMENT AND EFFICIENT MARKETS FOR ILLINOIS CORN AND CORN PRODUCTS.

  • INDUSTRIAL PROGRAMS - IDENTIFY ACTIVITIES RELATIVE TO ADVANCING INDUSTRIAL USES OF CORN INVOLVING PUBLIC EDUCATION, MARKET DEVELOPMENT AND RESEARCH, INVEST CHECK-OFF FUNDS IN THOSE PROJECTS AND EVALUATE THE IMPACT OF EACH INVESTMENT.

  • EXPORT PROGRAMS - IDENTIFY FOREIGN AND DOMESTIC EXPORT ACTIVITIES, INVEST CHECK-OFF FUNDS IN ACTIVITIES APPROVED BY THE BOARD OF DIRECTORS, AND EVALUATE THE IMPACT GENERATED BY EACH INVESTMENT.

  • EXECUTIVE PROGRAMS - PROVIDE SPONSORSHIP OF AGRICULTURE RELATED ORGANIZATIONS. ALSO PARTICIPATE IN EDUCATIONAL AND PROMOTIONAL ACTIVITIES WITHIN THE AGRICULTURAL COMMUNITY.

  • COMMUNICATIONS PLAN - COOPERATE WITH MAJOR AGRICULTURAL ORGANIZATIONS ON STATE, NATIONAL, AND INTERNATIONAL MARKET DEVELOPMENT EFFORTS, AND DISSEMINATE TIMELY INFORMATION. ALSO INFORM AND EDUCATE CORN PRODUCERS AND PUBLIC ABOUT PROJECTS AND PROGRAMS.

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

Listed in Part VII

  • Art Bunting

    DIRECTOR

    Total calculated
    $0

  • Cassie Dumoulin

    DIRECTOR

    Total calculated
    $0

  • Rob Elliot

    DIRECTOR

    Total calculated
    $0

  • Steve Fourez

    DIRECTOR

    Total calculated
    $0

  • Dale Haudrich

    DIRECTOR

    Total calculated
    $0

  • Lena Head

    DIRECTOR

    Total calculated
    $0

  • John Klemm

    DIRECTOR

    Total calculated
    $0

  • Bill Leigh

    DIRECTOR

    Total calculated
    $0

  • Dan Meyer

    SECRETARY

    Total calculated
    $0

  • Ross Pauli

    DIRECTOR

    Total calculated
    $0

  • Matt Raben

    VICE CHAIRMA

    Total calculated
    $0

  • Jon Rosenstiel

    DIRECTOR

    Total calculated
    $0

  • Jeff Scates

    DIRECTOR

    Total calculated
    $0

  • Terry Smith

    TREASURER

    Total calculated
    $0

  • Tim Thompson

    CHAIRMAN

    Total calculated
    $0

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
19 January 2026
IRS schema version
2024v5.0
Source object
202640209349301004

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