Form 990 for tax year 2024
Filed by KENTUCKY CORN GROWERS ASSOCIATION.
Totals
- Total revenue
- $2,945,098
- Total expenses
- $2,319,742
- Contributions and grants received
- $26,900
- Grants paid
- $1,404,235
- Program service revenue
- $2,486,643
- Investment income
- $429,250
- Other revenue
- $2,305
- Total assets, end of year
- $13,292,590
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $13,292,590
- 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.
-
1b · Membership dues
$4,900
-
1f · All other contributions, gifts and grants
$22,000
-
2a · Program service revenue: CHECKOFF ASSESSMENTS
total $2,446,643 · related or exempt $2,446,643
-
2b · Program service revenue: MANAGEMENT FEES
total $40,000 · related or exempt $40,000
-
3 · Investment income
total $420,403 · excluded $420,403
-
7a · Gross sales of assets other than inventory
other assets $38,500
-
7b · Less cost or other basis and sales expenses
other assets $29,653
-
7c · Gain or loss
other assets $8,847
-
7d · Net gain or loss
total $8,847 · related or exempt $8,847
-
11a · Other revenue: OTHER REVENUE
total $2,305 · related or exempt $2,305
-
11e · Other revenue, total
$2,305
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,404,235
-
5 · Compensation of officers, directors and key employees
total $174,473
-
7 · Other salaries and wages
total $161,809
-
8 · Pension plan contributions
total $16,002
-
9 · Other employee benefits
total $5,948
-
10 · Payroll taxes
total $25,120
-
11c · Fees: accounting
total $2,445
-
12 · Advertising and promotion
total $184,843
-
13 · Office expenses
total $85,056
-
16 · Occupancy
total $10,059
-
17 · Travel
total $16,050
-
19 · Conferences, conventions and meetings
total $85,261
-
21 · Payments to affiliates
total $1,035
-
22 · Depreciation, depletion and amortization
total $85,507
-
23 · Insurance
total $29,705
-
24a · Other expenses: CLEAN FUEL PROJECTS
total $26,000
-
24b · Other expenses: MISCELLANEOUS
total $6,000
-
24c · Other expenses: BANK CHARGES
total $194
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,622,565 · end of year $5,001,269
-
2 · Savings and temporary cash investments
beginning of year $5,689,246 · end of year $5,970,239
-
10a · Land, buildings and equipment: cost or other basis
$865,694
-
10b · Land, buildings and equipment: accumulated depreciation
$744,612
-
10c · Land, buildings and equipment, net
beginning of year $144,805 · end of year $121,082
-
12 · Investments: other securities
beginning of year $2,200,000 · end of year $2,200,000
-
27 · Net assets without donor restrictions
beginning of year $12,656,616 · end of year $13,292,590
Mission and programs · 2024
Mission
TO BE AN INNOVATIVE ORGANIZATION THAT PROVIDES BENEFITS AND SERVICES THAT MEET THE NEEDS OF OUR PRODUCERS AND MEMBERS IN A CHANGING INDUSTRY.
Activities or mission (Part I)
TO REPRESENT CORN FARMERS AND TO INCREASE THE PROFITABILITY OF CORN PRODUCERS IN THE STATE OF KENTUCKY.
-
ENCOURAGING, PROMOTING AND DEVELOPING MORE EFFICIENT CORN MARKETING AND PRODUCTION IN THE STATE OF KENTUCKY. AN ESTIMATED 6,000 INDIVIDUALS BENEFITTED FROM THE SERVICES PROVIDED.
-
ENCOURAGING, PROMOTING AND DEVELOPING MORE EFFICIENT CORN MARKETING AND PRODUCTION IN THE STATE OF KENTUCKY. AN ESTIMATED 6,000 INDIVIDUALS BENEFITTED FROM THE SERVICES PROVIDED.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Laura KnothLAURA KNOTH
EXECUTIVE DI
- Total calculated
- $182,928
- From this org
- $174,473
- From related orgs
- $0
- Other
- $8,455
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $174,473
- Bonus
- not reported
- Other
- not reported
- Deferred
- $8,455
- Nontaxable benefits
- not reported
- Filer's total
- $182,928
-
Steven BachSTEVEN BACH
DIRECTOR
- Total calculated
- $0
-
Mike ChalfantMIKE CHALFANT
DIRECTOR
- Total calculated
- $0
-
Ronan CumminsRONAN CUMMINS
DIRECTOR
- Total calculated
- $0
-
John DanesiJOHN DANESI
DIRECTOR
- Total calculated
- $0
-
Scott EbelharSCOTT EBELHAR
SECRETARY
- Total calculated
- $0
-
Jonathan GaskinsJONATHAN GASKINS
DIRECTOR
- Total calculated
- $0
-
Redmond GreenwellREDMOND GREENWELL
DIRECTOR
- Total calculated
- $0
-
Clint HardyCLINT HARDY
DIRECTOR
- Total calculated
- $0
-
Alan HubbleALAN HUBBLE
DIRECTOR
- Total calculated
- $0
-
Brandon HuntBRANDON HUNT
TREASURER
- Total calculated
- $0
-
Josh LancasterJOSH LANCASTER
PRESIDENT
- Total calculated
- $0
-
Micah LesterMICAH LESTER
VICE PRESIDE
- Total calculated
- $0
-
John MahanJOHN MAHAN
DIRECTOR
- Total calculated
- $0
-
Phillip McCounPHILLIP MCCOUN
APPOINTED ME
- Total calculated
- $0
-
Bob McIndooBOB MCINDOO
DIRECTOR
- Total calculated
- $0
-
Victor RexroatVICTOR REXROAT
APPOINTED ME
- Total calculated
- $0
-
Brandon RobeyBRANDON ROBEY
DIRECTOR
- Total calculated
- $0
-
Tyson SanderfurTYSON SANDERFUR
DIRECTOR
- Total calculated
- $0
-
Joseph SiskJOSEPH SISK
FINANCIAL AG
- Total calculated
- $0
-
Steve WeatherfordSTEVE WEATHERFORD
DIRECTOR
- Total calculated
- $0
-
Lee WeltyLEE WELTY
DIRECTOR
- Total calculated
- $0
-
Brandon WilsonBRANDON WILSON
DIRECTOR
- Total calculated
- $0
-
Terry WimpTERRY WIMP
DIRECTOR
- Total calculated
- $0
-
Ray Allen MackeyRAY ALLEN MACKEY
CHAIRMAN
- Total calculated
- $0
-
Russel SchwenkeRUSSEL SCHWENKE
VICE CHAIRMA
- 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. 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
None.
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
-
NATIONAL CORN GROWERS ASSOCIATION
$419,500
SUPPORT MISSION
-
US GRAIN COUNCIL
$356,000
SUPPORT MISSION
-
$306,630
VARIOUS AG. PROGRAMS
-
$120,000
PROMOTE MEAT EXPORTS
-
$73,757
-
CLEMSON UNIVERISTY
$50,000
RESEARCH
-
US POULTRY & EGG EXPORT COUNCIL
$30,000
EXPORT OF POULTRY
-
ILLINOIS CORN GROWERS ASSOCIATION
$20,000
RESEARCH
-
$10,000
VARIOUS PROGRAMS
-
KENTUCKY EXPOSITION FOUNDATION
$10,000
VARIOUS PROGRAMS
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
KY SMALL GRAIN GROWERS ASSOCIATION
501C5 · GRAIN · KY
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.
-
KY CORN PLUS INC
C CORP · FARM · KY
-
KY CORN UTILIZATION CORPORATION
C CORP · FARM · KY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 January 2025
- IRS schema version
- 2024v5.0
- Source object
- 202600869349300705
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