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Nonprofiteer
← AMERICAN SOYBEAN ASSOCIATION

Form 990 for tax year 2024

Filed by AMERICAN SOYBEAN ASSOCIATION.

Totals

Total revenue
$40,866,195
Total expenses
$40,718,541
Contributions and grants received
$27,675,607
Grants paid
$0
Program service revenue
$10,679,463
Investment income
$421,286
Other revenue
$2,089,839
Total assets, end of year
$20,857,378
Total liabilities, end of year
$11,866,012
Net assets or fund balances, end of year
$8,991,366
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.

  • 1e · Government grants (contributions)

    $27,675,607

  • 2a · Program service revenue: INDUSTRY RELATIONS

    total $6,081,599 · related or exempt $6,076,334 · unrelated business $5,265

  • 2b · Program service revenue: IM PROGRAMS

    total $3,956,259 · related or exempt $3,956,259

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $641,605 · related or exempt $641,605

  • 3 · Investment income

    total $236,057 · excluded $236,057

  • 5 · Royalties

    total $615,000 · excluded $615,000

  • 7a · Gross sales of assets other than inventory

    securities $1,002,557

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

    securities $817,328

  • 7c · Gain or loss

    securities $185,229

  • 7d · Net gain or loss

    total $185,229 · excluded $185,229

  • 11a · Other revenue: COMMODITY CLASSIC

    total $1,186,488 · excluded $1,186,488

  • 11b · Other revenue: MISCELLANEOUS

    total $247,851 · excluded $247,851

  • 11c · Other revenue: ADVERTISING

    total $40,500 · unrelated business $40,500

  • 11e · Other revenue, total

    $1,474,839

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $710,285

  • 7 · Other salaries and wages

    total $6,175,275

  • 9 · Other employee benefits

    total $361,566

  • 11c · Fees: accounting

    total $37,251

  • 11f · Fees: investment management

    total $59,524

  • 11g · Fees: other

    total $5,181,687

  • 13 · Office expenses

    total $356,187

  • 14 · Information technology

    total $90,319

  • 16 · Occupancy

    total $479,434

  • 17 · Travel

    total $2,300,632

  • 22 · Depreciation, depletion and amortization

    total $49,255

  • 23 · Insurance

    total $82,015

  • 24a · Other expenses: FAS PROGRAMS

    total $22,764,990

  • 24b · Other expenses: OTHER PROGRAMS & EVENTS

    total $1,835,424

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $127,124

  • 24d · Other expenses: EQUIPMENT RENTAL AND RE

    total $107,573

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,120,372 · end of year $268,642

  • 2 · Savings and temporary cash investments

    beginning of year $6,567,374 · end of year $5,177,093

  • 3 · Pledges and grants receivable

    beginning of year $4,080,003 · end of year $2,674,460

  • 4 · Accounts receivable

    beginning of year $4,410,331 · end of year $4,002,462

  • 9 · Prepaid expenses and deferred charges

    beginning of year $316,989 · end of year $174,011

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

    $405,024

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

    $209,296

  • 10c · Land, buildings and equipment, net

    beginning of year $200,830 · end of year $195,728

  • 11 · Investments: publicly traded securities

    beginning of year $5,478,043 · end of year $5,937,377

  • 12 · Investments: other securities

    beginning of year $312,500 · end of year $312,500

  • 15 · Other assets

    beginning of year $2,483,471 · end of year $2,115,105

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,499,648 · end of year $4,610,123

  • 18 · Grants payable

    beginning of year $513,772 · end of year $532,271

  • 19 · Deferred revenue

    beginning of year $6,494,287 · end of year $4,286,464

  • 25 · Other liabilities

    beginning of year $2,766,881 · end of year $2,437,154

  • 27 · Net assets without donor restrictions

    beginning of year $8,695,325 · end of year $8,991,366

Mission and programs · 2024

Mission

THE ASSOCIATION STRIVES TO SERVE FARMERS BY ADVOCATING, PROTECTING AND INCREASING THE MARKET VALUE AND OPPORTUNITIES FOR SOYBEAN FARMERS BY LEADING A SUCCESSFUL SOYBEAN INDUSTRY THAT IS MEETING THE FOOD, FEED AND ENERGY NEEDS OF A GROWING WORLD. THIS IS ACHIEVED BY ASA VOLUNTEER LEADERSHIP AND PROFESSIONAL STAFF GUIDED BY PRINCIPLES OF INTEGRITY, MEMBER DRIVEN, OPENNESS, SERVICE AND STEWARDSHIP IN CARRYING OUT THEIR GOVERNING AND MANAGEMENT DUTIES ON BEHALF OF ITS MEMBERS.

Activities or mission (Part I)

TO REPRESENT U.S. SOYBEAN FARMERS IN ACTIVITES DESIGNED TO PROMOTE SOYBEANS.

  • INTERNATIONAL MARKETING (IM) ACTIVITIES INCLUDES ACTIVITIES AND PROJECTS IMPLEMENTED BY WISHH AND USSEC.

  • PROGRAMS, MEETINGS, AND EVENTS INCLUDES ACTIVITIES AND PROJECTS OF THE ASSOCIATION'S INDUSTRY RELATIONS SPONSORED PROGRAMS, INCLUDING DEVELOPMENT AND TRAINING PROGRAMS, COMMODITY CLASSIC, CONSERVATION PROGRAMS, ETC., AS WELL AS THE ASSOCIATION'S ACTION PARTNERSHIP AND THE ASSOCIATION'S INNOVATION TO MARKET PROGRAMS. OVERHEAD COST IS ALLOCATED TO PROGRAMS, MEETINGS, AND EVENTS ON BOTH A HEADCOUNT AND USAGE BASIS.

  • GOVERNMENT AFFAIRS TEAM ADVOCATES AND EDUCATION TO THE U.S. FEDERAL GOVERNMENT IN BOTH THE EXECUTIVE AND LEGISLATIVE BRANCH, INCLUDE AGENCIES SUCH AS U.S. DEPARTMENT OF AGRICULTURE AND THE ENVIRONMENTAL PROTECTION AGENCY. ISSUES THE ASSOCIATION ADVOCATE FOR INCLUDE THE FARM ECONOMY, TRADE, TRADE AGREEMENTS, FUNDING MARKET DEVELOPMENT PROGRAMS, INFRASTRUCTURE, BIODIESEL, ETC. OVERHEAD COST IS ALLOCATED TO GOVERNMENT AFFAIRS ON BOTH A HEADCOUNT AND USAGE BASIS.

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

Listed in Part VII

  • Adam Guetter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Alan Meadows

    TREASURER

    Total calculated
    $0
    Hours/week
    8
  • Andrew Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Andy Winsor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Bob Worth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Brad Macauley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Brady Peek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Brandon Wipf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Brent Kohls

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Bryan Severs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Caleb Ragland

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Casey Youngerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Daryl Cates

    CHAIR

    Total calculated
    $0
    Hours/week
    3
  • David Walton

    SECRETARY

    Total calculated
    $0
    Hours/week
    8
  • Denise Scarborough

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Dennis Fujan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Don Lutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Fred Sipes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Geoffery Ruth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • George Goblish

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Heather Feuerstein

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    8
  • Jamie Beyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Janna Fritz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jeff King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jeffrey Sorenson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jim Kukowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jim Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jimmie Lee Shaw

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    8
  • Jimmy Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John Comegys

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • John Fleming

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Jordan Scott

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    8
  • Joshua Gackle

    CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Julie Maw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Justin Sherlock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Keevin Lemenager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Kody Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Luke Sayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Matthew McCrate

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Mike Koehne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Morey Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Nicholas Moody

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Paul Casper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Phil Ramsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Randy Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Renee Fordyce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Rob Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Robert Shaffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Robert Stobaugh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Roberta Simpson-Dolbeare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ron Kindred

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Russell Wolf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Rusty Goebel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ryan Frieders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Ryan Rhoades

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Scott Metzger

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10
  • Steph Essick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Stephen Brad Doyle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Tanner Johnson

    EXECUTIVE COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    8
  • Tom Adam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • W Stan Born

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Wade Cowan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Teresa Brandenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Stephen Censky

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $604,155
    From this org
    $498,011
    From related orgs
    $0
    Other
    $106,144
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $413,463
    Bonus
    $84,548
    Other
    $0
    Deferred
    $88,894
    Nontaxable benefits
    $17,250
    Filer's total
    $604,155
  • Brian Vaught

    CHIEF FINANCIAL OFFICER

    Total calculated
    $232,638
    From this org
    $181,631
    From related orgs
    $0
    Other
    $51,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,191
    Bonus
    $13,440
    Other
    $0
    Deferred
    $41,872
    Nontaxable benefits
    $9,135
    Filer's total
    $232,638
  • Scott Gerlt

    CHIEF ECONOMIST

    Total calculated
    $232,644
    From this org
    $180,292
    From related orgs
    $0
    Other
    $52,352
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,724
    Bonus
    $10,568
    Other
    $0
    Deferred
    $42,951
    Nontaxable benefits
    $9,401
    Filer's total
    $232,644
  • Wendy Brannen

    SENIOR DIRECTOR OF MARKETI

    Total calculated
    $215,055
    From this org
    $182,975
    From related orgs
    $0
    Other
    $32,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,457
    Bonus
    $10,518
    Other
    $0
    Deferred
    $22,723
    Nontaxable benefits
    $9,357
    Filer's total
    $215,055
  • Christy Seyfert

    EXECUTIVE DIRECTOR OF GOVERNMENT

    Total calculated
    $327,719
    From this org
    $289,756
    From related orgs
    $0
    Other
    $37,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,470
    Bonus
    $16,286
    Other
    $0
    Deferred
    $23,914
    Nontaxable benefits
    $14,049
    Filer's total
    $327,719
  • Melanie Fitzpatrick

    EXECUTIVE DIRECTOR

    Total calculated
    $229,579
    From this org
    $180,094
    From related orgs
    $0
    Other
    $49,485
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,897
    Bonus
    $10,197
    Other
    $0
    Deferred
    $40,414
    Nontaxable benefits
    $9,071
    Filer's total
    $229,579
  • Kyle Kunkler

    DIRECTOR OF GOVERNMENT AFFAIRS

    Total calculated
    $230,695
    From this org
    $180,152
    From related orgs
    $0
    Other
    $50,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,144
    Bonus
    $14,008
    Other
    $0
    Deferred
    $41,998
    Nontaxable benefits
    $8,545
    Filer's total
    $230,695
  • Alexa Combelic

    DIRECTOR OF GOVERNMENT

    Total calculated
    $194,551
    From this org
    $166,462
    From related orgs
    $0
    Other
    $28,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,102
    Bonus
    $12,360
    Other
    $0
    Deferred
    $20,889
    Nontaxable benefits
    $7,200
    Filer's total
    $194,551
  • Virginia Houston

    DIRECTOR OF GOVERNMENT AFFAIRS

    Total calculated
    $219,653
    From this org
    $163,651
    From related orgs
    $0
    Other
    $56,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,381
    Bonus
    $9,270
    Other
    $0
    Deferred
    $47,755
    Nontaxable benefits
    $8,247
    Filer's total
    $219,653
  • Marjorie Perry

    EXECUTIVE DIRECTOR WISHH

    Total calculated
    $208,770
    From this org
    $164,224
    From related orgs
    $0
    Other
    $44,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,270
    Bonus
    $7,954
    Other
    $0
    Deferred
    $36,135
    Nontaxable benefits
    $8,411
    Filer's total
    $208,770
  • Jill Wagenblast

    DIRECTOR PUBLICATIONS SPE

    Total calculated
    $187,118
    From this org
    $138,285
    From related orgs
    $0
    Other
    $48,833
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,076
    Bonus
    $8,209
    Other
    $0
    Deferred
    $41,859
    Nontaxable benefits
    $6,974
    Filer's total
    $187,118
  • Victoria Wilks

    WISHH CHIEF OPERATING OFFICER

    Total calculated
    $159,989
    From this org
    $125,957
    From related orgs
    $0
    Other
    $34,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $118,192
    Bonus
    $7,765
    Other
    $0
    Deferred
    $27,346
    Nontaxable benefits
    $6,686
    Filer's total
    $159,989

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

  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 May 2026
IRS schema version
2024v5.5
Source object
202611359349307221

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