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← IOWA CORN GROWERS ASSOCIATION

Form 990 for tax year 2024

Filed by IOWA CORN GROWERS ASSOCIATION.

Totals

Total revenue
$24,640,673
Total expenses
$23,408,801
Contributions and grants received
$267,931
Grants paid
$8,958,137
Program service revenue
$23,865,496
Investment income
$354,439
Other revenue
$152,807
Total assets, end of year
$27,093,304
Total liabilities, end of year
$8,582,127
Net assets or fund balances, end of year
$18,511,177
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.

  • 1f · All other contributions, gifts and grants

    $267,931

  • 2a · Program service revenue: IA CORN PROM BD

    total $23,654,915 · related or exempt $23,048,215 · excluded $606,700

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $198,113 · related or exempt $198,113

  • 2c · Program service revenue: NOVECTA LLC

    total -$591 · related or exempt -$591

  • 2f · All other program service revenue

    total $13,059 · related or exempt $13,059

  • 3 · Investment income

    total $368,773 · unrelated business -$12,888 · excluded $381,661

  • 6a · Gross rents

    real property $117,187

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $117,187

  • 6d · Net rental income or loss

    total $117,187 · excluded $117,187

  • 7a · Gross sales of assets other than inventory

    securities $826,738

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

    securities $841,072

  • 7c · Gain or loss

    securities -$14,334

  • 7d · Net gain or loss

    total -$14,334 · excluded -$14,334

  • 11a · Other revenue: MANAGEMENT FEES

    total $35,620 · excluded $35,620

  • 11e · Other revenue, total

    $35,620

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,958,137

  • 5 · Compensation of officers, directors and key employees

    total $2,375,757

  • 7 · Other salaries and wages

    total $1,588,916

  • 8 · Pension plan contributions

    total $309,604

  • 9 · Other employee benefits

    total $111,284

  • 10 · Payroll taxes

    total $274,011

  • 11b · Fees: legal

    total $43,962

  • 11d · Fees: lobbying

    total $159,126

  • 11g · Fees: other

    total $3,385,950

  • 12 · Advertising and promotion

    total $3,567,908

  • 13 · Office expenses

    total $27,195

  • 16 · Occupancy

    total $43,102

  • 17 · Travel

    total $392,394

  • 19 · Conferences, conventions and meetings

    total $37,731

  • 22 · Depreciation, depletion and amortization

    total $87,462

  • 23 · Insurance

    total $118,795

  • 24a · Other expenses: PRINT & WEB

    total $1,004,002

  • 24b · Other expenses: MEMBERSHIP COSTS

    total $246,918

  • 24c · Other expenses: STUDENT LEADER TRAINING

    total $199,816

  • 24d · Other expenses: GOVERNMENT RELATIONS

    total $122,415

  • 24e · All other expenses

    total $354,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,108,263 · end of year $8,261,380

  • 2 · Savings and temporary cash investments

    beginning of year $4,921,716 · end of year $3,600,386

  • 4 · Accounts receivable

    beginning of year $257,119 · end of year $26,685

  • 7 · Other notes and loans receivable

    beginning of year $500,000 · end of year $200,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,852,890 · end of year $3,831,944

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

    $2,833,867

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

    $1,168,802

  • 10c · Land, buildings and equipment, net

    beginning of year $1,680,555 · end of year $1,665,065

  • 12 · Investments: other securities

    beginning of year $8,973,542 · end of year $9,432,433

  • 13 · Investments: program-related

    beginning of year $75,484 · end of year $75,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,208,785 · end of year $1,260,878

  • 19 · Deferred revenue

    beginning of year $254,364 · end of year $243,454

  • 25 · Other liabilities

    beginning of year $6,565,373 · end of year $7,077,795

  • 27 · Net assets without donor restrictions

    beginning of year $18,785,628 · end of year $18,042,602

  • 28 · Net assets with donor restrictions

    beginning of year $555,419 · end of year $468,575

Mission and programs · 2024

Mission

THE IOWA CORN GROWERS ASSOCIATION (ICGA) IS A MEMBERSHIP ORGANIZATION LOBBYING TO PROTECT THE RIGHTS OF ITS MORE THAN 7,000 CORN FARMER MEMBERS. ICGA SERVES AS THE COLLECTIVE VOICE FOR IOWA CORN FARMERS, LOBBYING ON AGRICULTURAL ISSUES AT THE STATE AND FEDERAL LEVEL. ICGA'S MISSION IS TO CREATE OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY.

Activities or mission (Part I)

CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY

  • RESEARCH: THE IOWA CORN GROWERS ASSOCIATION RESEARCH IS CENTERED ON DEVELOPING NEW USES FOR CORN AND IMPROVING THE PRODUCTION EFFICIENCY OF GROWING CORN. IT IS IMPERATIVE THAT WE DISCOVER NEW USES TO HELP CREATE DEMAND FOR THE SURPLUS CROP. IN ADDITION, WE FUND RESEARCH TO IMPROVE EFFICIENCY AND REDUCE THE ENVIRONMENTAL IMPACT OF CORN PRODUCTION. THIS IS THE KEY TO ADVANCING THE INDUSTRY AND IS IMPORTANT FOR THE FUTURE ECONOMIC VIABILITY OF CORN FARMERS ACROSS THE NATION. SEVERAL PATENTS HAVE BEEN AWARDED FOR THE DEVELOPMENT OF BIOPLASTICS AND BIOCHEMICALS TO MAKE RENEWABLE PLASTIC MATERIAL.ONE METHOD OF SUPPORTING RESEARCH IS THE WHOLLY OWNED SUBSIDIARY IOWA CORN GROWERS ASSOCIATION, NEW PRODUCT INNOVATION LLC (NPI) WHICH BEGAN OPERATIONS IN NOVEMBER OF 2024. THE STRATEGY OF NPI IS TO IDENTIFY UNEXPLOITED TECHNOLOGIES THAT, IF COMMERCIALIZED, WOULD PROVIDE BENEFITS TO CORN FARMERS.

  • MARKET DEVELOPMENT: THE BEST WAY TO ENHANCE GROWER PROFITABILITY IS TO CREATE NEW DEMAND FOR CORN IN ALL FORMS. THE IOWA CORN GROWERS ASSOCIATION'S (ICGA) INVESTMENT IN THE US GRAINS COUNCIL AND THE US MEAT EXPORT FEDERATION HAS HELPED INCREASE DEMAND FOR US CORN IN ALL FORMS AROUND THE WORLD, AND ALSO HELPED PROFITABILITY OF FARMERS IN IOWA AND AROUND THE COUNTRY. THE ICGA WORKS TO REDUCE TRADE BARRIERS FOR CORN AND LIVESTOCK AROUND THE WORLD TO INCREASE ACCESS TO EXPORT MARKETS FOR US FARMERS. ICGA WORKS TO EXPAND MARKETS FOR FOOD, FEED AND FUEL. ETHANOL IS A KEY MARKET FOR IOWA'S FARMERS, AND ICGA WORKS TO MAINTAIN MARKET ACCESS FOR ETHANOL ACROSS THE U.S. AND TO REMOVE REGULATORY BARRIERS FOR HIGHER BLENDS OF ETHANOL.

  • EDUCATION/PROMOTION: THE IOWA CORN GROWERS ASSOCIATION (ICGA) EDUCATIONAL PROGRAMS WORK TO REACH BOTH FARMER AND CONSUMER AUDIENCES ABOUT THE ECONOMIC AND ENVIRONMENTAL VITALITY OF THE CORN INDUSTRY IN THE STATE OF IOWA. EDUCATION ABOUT CORN AND THE 4,000 PRODUCTS MADE FROM CORN HAPPENS THROUGH EARNED MEDIA, ADVERTISING, PROMOTIONAL EVENTS, AND THE IOWA CORN MOBILE EDUCATION CENTER (ICMEC). FARMER TO FARMER EDUCATION ON WATER QUALITY AND CONSERVATION METHODS OCCURS AT CROP FAIRS, STEWARDSHIP ADVOCATE EVENTS, AND OTHER FIELD DAYS. DISTRICT AND COUNTY ORGANIZATIONS PARTNER WITH ICGA ON CONSUMER AND FARMER EDUCATIONAL AND PROMOTIONAL EFFORTS. ICGA WORKS TO EDUCATE POLICY MAKERS ABOUT THE PRIORITIES SET FORWARD BY MEMBERSHIP AND IMPLEMENTED BY THE BOARD.

  • IOWA CORN OPPORTUNITIES, LLC (ICO), IOWA CORN GROWERS ASSOCIATION'S WHOLLY OWNED SUBSIDIARY, BEGAN OPERATIONS DURING THE YEAR ENDED AUGUST 31, 2008 AND WAS FORMED PRIMARILY TO PROVIDE FINANCIAL AND ORGANIZATIONAL SUPPORT TO PROJECTS THAT WILL PROVIDE A DEMONSTRATABLE BENEFIT TO IOWA CORN PRODUCERS. IOWA CORN OPPORTUNITIES BELIEVES IN A STRONG AGRICULTURAL ECONOMY WHERE FARMERS AND RURAL COMMUNITIES GAIN INCREASING BENEFITS AND PROFITS WHILE INVESTING IN NEW AGRICULTURAL BUSINESS OPPORTUNITIES. IOWA CORN OPPORTUNITIES MISSION IS TO ASSIST NEW AND GROWING COMPANIES IN DEVELOPING STRATEGIES FOR GROWTH AND PROFITABILITY, LEVERAGE INVESTMENT OPPORTUNITIES TO CREATE FUTURE PROFIT OPPORTUNITIES FOR CORN GROWERS, AND GENERATE A PROFITABLE RETURN TO USE IN CONTINUED INVESTMENTS TO CREATE NEW OPPORTUNITIES FOR CORN GROWERS.

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

Listed in Part VII

  • Stuart Swanson

    PRESIDENT

    Total calculated
    $11,250
    From this org
    $11,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mark Mueller

    VICE PRESIDENT

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jolene Riessen

    CHAIR

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Adam Bierbaum

    DIRECTOR

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Will Cannon

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Laura Foell

    DIRECTOR

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Elliot Henderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dan Keitzer

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Steve Kuiper

    DIRECTOR

    Total calculated
    $850
    From this org
    $850
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Logan Lyon

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Rusty Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mike Ver Steeg

    DIRECTOR

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Craig Floss

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $559,671
    From this org
    $491,342
    From related orgs
    $0
    Other
    $68,329
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $483,972
    Bonus
    $0
    Other
    $7,370
    Deferred
    $37,730
    Nontaxable benefits
    $30,599
    Filer's total
    $559,671

  • Valerie Sanchez

    SENIOR DIRECTOR OF FINANCE

    Total calculated
    $119,954
    From this org
    $97,634
    From related orgs
    $0
    Other
    $22,320
    Hours/week
    40

  • Brian R Jones

    CHIEF OPERATING OFFICER

    Total calculated
    $345,165
    From this org
    $288,582
    From related orgs
    $0
    Other
    $56,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,003
    Bonus
    $26,579
    Other
    $0
    Deferred
    $25,759
    Nontaxable benefits
    $30,824
    Filer's total
    $345,165

  • Rodney Williamson

    VP OF RESEARCH & SUSTAINABILITY

    Total calculated
    $294,753
    From this org
    $243,153
    From related orgs
    $0
    Other
    $51,600
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $224,910
    Bonus
    $18,243
    Other
    $0
    Deferred
    $21,776
    Nontaxable benefits
    $29,824
    Filer's total
    $294,753

  • Shannon Textor

    VP OF COMMUNICATIONS

    Total calculated
    $226,528
    From this org
    $188,169
    From related orgs
    $0
    Other
    $38,359
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,994
    Bonus
    $14,175
    Other
    $0
    Deferred
    $16,920
    Nontaxable benefits
    $21,439
    Filer's total
    $226,528

  • Kevin Studer

    DIRECTOR OF FEDERAL POLICY

    Total calculated
    $246,070
    From this org
    $200,866
    From related orgs
    $0
    Other
    $45,204
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,666
    Bonus
    $16,200
    Other
    $0
    Deferred
    $15,927
    Nontaxable benefits
    $29,277
    Filer's total
    $246,070

  • Ryan Sauer

    VP OF MARKET DEVELOPMENT

    Total calculated
    $218,831
    From this org
    $185,144
    From related orgs
    $0
    Other
    $33,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,000
    Bonus
    $14,144
    Other
    $0
    Deferred
    $1,946
    Nontaxable benefits
    $31,741
    Filer's total
    $218,831

  • Carrie Dodds

    VP OF GRASSROOTS DEVELOPMENT

    Total calculated
    $200,190
    From this org
    $153,610
    From related orgs
    $0
    Other
    $46,580
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,119
    Bonus
    $11,800
    Other
    $691
    Deferred
    $14,088
    Nontaxable benefits
    $32,492
    Filer's total
    $200,190

  • Greg Wandrey

    DIRECTOR OF SUSTAINABILITY

    Total calculated
    $169,737
    From this org
    $148,818
    From related orgs
    $0
    Other
    $20,919
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,798
    Bonus
    $7,020
    Other
    $0
    Deferred
    $8,994
    Nontaxable benefits
    $11,925
    Filer's total
    $169,737

  • Alexander Buck

    DIR. OF INDUSTRIAL INNOVATION

    Total calculated
    $152,292
    From this org
    $106,261
    From related orgs
    $0
    Other
    $46,031
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,786
    Bonus
    $5,475
    Other
    $0
    Deferred
    $10,540
    Nontaxable benefits
    $35,491
    Filer's total
    $152,292

  • Chris Bengtson

    MGR. ECON ANALYSIS & INVESTMENTS

    Total calculated
    $126,698
    From this org
    $116,498
    From related orgs
    $0
    Other
    $10,200
    Hours/week
    40

  • Denise Forney

    VP OF TALENT & ORG DEVELOPMENT

    Total calculated
    $148,477
    From this org
    $127,845
    From related orgs
    $0
    Other
    $20,632
    Hours/week
    40

  • Julie Kirby

    VP OF FINANCE (UNTIL 7/24)

    Total calculated
    $183,349
    From this org
    $153,123
    From related orgs
    $0
    Other
    $30,226
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $135,647
    Bonus
    $17,476
    Other
    $0
    Deferred
    $18,006
    Nontaxable benefits
    $12,220
    Filer's total
    $183,349

  • Mindy Larsen Poldberg

    VP OF GOV'T RELATIONS (UNTIL 7/24)

    Total calculated
    $184,448
    From this org
    $143,760
    From related orgs
    $0
    Other
    $40,688
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,313
    Bonus
    $15,447
    Other
    $0
    Deferred
    $19,896
    Nontaxable benefits
    $20,792
    Filer's total
    $184,448

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART II:
CRAIG FLOSS' TIME IS DEDICATED 16 HOURS TO IOWA CORN GROWERS ASSOCIATION AND 24 HOURS TO IOWA CORN PROMOTION BOARD - AN AFFILIATED BUT UNRELATED ORGANIZATION. BRIAN JONES' TIME IS DEDICATED 20 HOURS TO IOWA CORN GROWERS ASSOCIATION AND 20 HOURS TO IOWA CORN PROMOTION BOARD - AN AFFILIATED BUT UNRELATED ORGANIZATION. JULIE KIRBY'S TIME WAS DEDICATED 12 HOURS TO IOWA CORN GROWERS ASSOCIATION AND 28 HOURS TO IOWA CORN PROMOTION BOARD - AN AFFILIATED BUT UNRELATED ORGANIZATION. JULIE WAS CFO AT IOWA CORN GROWERS ASSOCIATION THRU JULY 2024.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IOWA CORN OPPORTUNITIES LLC

    CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY · IA · income $248,418 · assets $13,902,968

  • NEW PRODUCT INNOVATION LLC

    CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY · IA · income $269,802 · assets $671,100

    Directly controlled by IOWA CORN GROWERS ASSOCIATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NOVECTA LLC

    RELATED · SPECIALIZED TRAINING RELATED TO CORN QUALITY STANDARDS · IA · 50% owned · share of income $32 · share of assets $75,302 · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
2 March 2026
IRS schema version
2024v5.5
Source object
202640639349301209

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