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Nonprofiteer
← AMERICAN SOYBEAN ASSOCIATION

Form 990 for tax year 2023

Filed by AMERICAN SOYBEAN ASSOCIATION.

Totals

Total revenue
$581,446
Total expenses
$628,132
Contributions and grants received
$55,765
Grants paid
$5,000
Program service revenue
$519,167
Investment income
$2,061
Other revenue
$4,453
Total assets, end of year
$195,620
Total liabilities, end of year
$59,602
Net assets or fund balances, end of year
$136,018
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.

  • 1c · Fundraising events

    $23,265

  • 1f · All other contributions, gifts and grants

    $32,500

  • 2a · Program service revenue: Advertising Contracts

    total $436,894 · related or exempt $350,269 · unrelated business $86,625

  • 2b · Program service revenue: Soybean Expo

    total $41,248 · related or exempt $41,248

  • 2c · Program service revenue: Membership Dues

    total $41,025 · related or exempt $41,025

  • 3 · Investment income

    total $2,061 · excluded $2,061

  • 8a · Fundraising events: gross income

    $25,240

  • 8a · Fundraising events: contributions included on line 1c

    $23,265

  • 8b · Fundraising events: direct expenses

    $20,787

  • 8c · Net income from fundraising events

    total $4,453 · excluded $4,453

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,000

  • 5 · Compensation of officers, directors and key employees

    total $85,327

  • 7 · Other salaries and wages

    total $59,823

  • 8 · Pension plan contributions

    total $5,287

  • 9 · Other employee benefits

    total $9,400

  • 10 · Payroll taxes

    total $12,305

  • 11b · Fees: legal

    total $10

  • 11c · Fees: accounting

    total $25,942

  • 11d · Fees: lobbying

    total $11,770

  • 11g · Fees: other

    total $5,836

  • 12 · Advertising and promotion

    total $21,122

  • 13 · Office expenses

    total $6,912

  • 14 · Information technology

    total $17,963

  • 16 · Occupancy

    total $4,072

  • 17 · Travel

    total $63,155

  • 19 · Conferences, conventions and meetings

    total $49,341

  • 21 · Payments to affiliates

    total $45,000

  • 22 · Depreciation, depletion and amortization

    total $24,424

  • 23 · Insurance

    total $6,013

  • 24a · Other expenses: Soybean Magazine

    total $159,005

  • 24b · Other expenses: Professional Associatio

    total $6,495

  • 24e · All other expenses

    total $3,930

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $113,333 · end of year $124,073

  • 4 · Accounts receivable

    beginning of year $71,831 · end of year $24,045

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,870 · end of year $2,061

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

    $183,327

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

    $150,090

  • 10c · Land, buildings and equipment, net

    beginning of year $57,661 · end of year $33,237

  • 15 · Other assets

    beginning of year $15,645 · end of year $12,204

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,214 · end of year $7,571

  • 19 · Deferred revenue

    beginning of year $44,717 · end of year $38,767

  • 25 · Other liabilities

    beginning of year $16,705 · end of year $13,264

  • 27 · Net assets without donor restrictions

    beginning of year $182,704 · end of year $136,018

Mission and programs · 2023

Mission

Creating partnerships to improve the quality and profitability of North Dakota soybean growers and to develop community leaders. The North Dakota Soybean Growers Association is a statewide not-for-profit, member-driven Organization. We exist to conduct legislative activities in Bismarck, N.D. and Washington, D.C. to improve the sustainable prosperity of its members and the entire soybean industry. The North Dakota organization is one of 26 soybean-producing states affiliated with the American Soybean Association.

Activities or mission (Part I)

The NDSGA advocates for soybean growers at the legislature in Bismarck, through alliance and coalitions. It provides member services while working to recruit and retain members.

  • Each year, the NDSGA works to advocate for and promote the soybean industry while providing educational and leadership opportunities for ND soybean farmers. NDSGA continually recruits ND soybean farmers to become members of our association. There were 674 members as of 6/30/24.

  • Soybean Expo - This is an annual event held in Fargo, ND in conjunction with the ND Soybean Council. Educational meetings and a trade show are held throughout the day. About 400 people attended the event.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kasey Bitz

    President

    Total calculated
    $0
    Hours/week
    2

  • Chris McDonald

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Joshua Stutruud

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Spencer Endrud

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Doll

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Stephanie Cook

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Andrew Cossette

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Josh Gackle

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Dustin Helmick

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Brad Thykeson

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Caylor Rosenau

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Justin Sherlock

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Jodock

    Director (Beg 12/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Nancy Johnson

    Executive Director

    Total calculated
    $85,327
    From this org
    $74,000
    From related orgs
    $0
    Other
    $11,327
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 December 2024
IRS schema version
2023v5.1
Source object
202433479349300503

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