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Nonprofiteer
← KENTUCKY CORN GROWERS ASSOCIATION

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 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 Bach

    DIRECTOR

    Total calculated
    $0
  • Mike Chalfant

    DIRECTOR

    Total calculated
    $0
  • Ronan Cummins

    DIRECTOR

    Total calculated
    $0
  • John Danesi

    DIRECTOR

    Total calculated
    $0
  • Scott Ebelhar

    SECRETARY

    Total calculated
    $0
  • Jonathan Gaskins

    DIRECTOR

    Total calculated
    $0
  • Redmond Greenwell

    DIRECTOR

    Total calculated
    $0
  • Clint Hardy

    DIRECTOR

    Total calculated
    $0
  • Alan Hubble

    DIRECTOR

    Total calculated
    $0
  • Brandon Hunt

    TREASURER

    Total calculated
    $0
  • Josh Lancaster

    PRESIDENT

    Total calculated
    $0
  • Micah Lester

    VICE PRESIDE

    Total calculated
    $0
  • John Mahan

    DIRECTOR

    Total calculated
    $0
  • Phillip McCoun

    APPOINTED ME

    Total calculated
    $0
  • Bob McIndoo

    DIRECTOR

    Total calculated
    $0
  • Victor Rexroat

    APPOINTED ME

    Total calculated
    $0
  • Brandon Robey

    DIRECTOR

    Total calculated
    $0
  • Tyson Sanderfur

    DIRECTOR

    Total calculated
    $0
  • Joseph Sisk

    FINANCIAL AG

    Total calculated
    $0
  • Steve Weatherford

    DIRECTOR

    Total calculated
    $0
  • Lee Welty

    DIRECTOR

    Total calculated
    $0
  • Brandon Wilson

    DIRECTOR

    Total calculated
    $0
  • Terry Wimp

    DIRECTOR

    Total calculated
    $0
  • Ray Allen Mackey

    CHAIRMAN

    Total calculated
    $0
  • Russel 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

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.

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

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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