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Nonprofiteer
← WISCONSIN SOYBEAN MARKETING BOARD INC

Form 990 for tax year 2024

Filed by WISCONSIN SOYBEAN MARKETING BOARD INC.

Totals

Total revenue
$5,582,848
Total expenses
$7,925,816
Contributions and grants received
$0
Grants paid
$2,650,037
Program service revenue
$5,177,359
Investment income
$399,004
Other revenue
$6,485
Total assets, end of year
$8,132,045
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,132,045
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.

  • 2a · Program service revenue: Assessments

    total $4,198,877 · related or exempt $4,198,877

  • 2b · Program service revenue: Assessments - QSSBs

    total $978,482 · related or exempt $978,482

  • 3 · Investment income

    total $396,431 · related or exempt $396,431

  • 7a · Gross sales of assets other than inventory

    securities $6,651,933

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

    securities $6,649,360

  • 7c · Gain or loss

    securities $2,573

  • 7d · Net gain or loss

    total $2,573 · related or exempt $2,573

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Late Fees

    total $6,089 · related or exempt $6,089

  • 11b · Other revenue: Misc

    total $396 · related or exempt $396

  • 11e · Other revenue, total

    $6,485

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,580,658

  • 2 · Grants to domestic individuals

    total $69,379

  • 11a · Fees: management

    total $408,840

  • 11c · Fees: accounting

    total $44,693

  • 11f · Fees: investment management

    total $25,194

  • 11g · Fees: other

    total $12,367

  • 13 · Office expenses

    total $10,037

  • 16 · Occupancy

    total $46

  • 17 · Travel

    total $170,056

  • 23 · Insurance

    total $4,978

  • 24a · Other expenses: National Assessments

    total $2,492,641 · program services $2,492,641

  • 24b · Other expenses: State Assessments

    total $249,549 · program services $249,549

  • 24c · Other expenses: Research

    total $730,498 · program services $730,498

  • 24d · Other expenses: Communications

    total $758,769 · program services $758,769

  • 24e · All other expenses

    total $368,111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,292 · end of year $500,971

  • 2 · Savings and temporary cash investments

    beginning of year $10,217,150 · end of year $7,631,074

  • 27 · Net assets without donor restrictions

    beginning of year $10,478,442 · end of year $8,132,045

Mission and programs · 2024

Mission

Manage the Wisconsin Soybean marketing order by expanding and maintaining the sales of soybeans and soybean product and contracting with organizations to accomplish the purpose and objectives of the order.

  • Support research projects related to soybean development, growth and use.

  • Support projects that develop and promote the international use of soybeans.

  • Support projects that develop new uses for soybeans.

As filed on the 2024 return.

Listed in Part VII

  • Patrick Mullooly

    Director

    Total calculated
    $0
    Hours/week
    2

  • Andy Bensend

    Director

    Total calculated
    $0
    Hours/week
    2

  • Kevin Bork

    Director

    Total calculated
    $0
    Hours/week
    2

  • Justin Bauer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Gibbs

    President

    Total calculated
    $0
    Hours/week
    5

  • Matt Wagenson

    Vice President

    Total calculated
    $0
    Hours/week
    4

  • Steve Wilkens

    Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Adam Kask

    Executive Director

    Total calculated
    $0
    Hours/week
    34 + 6 related

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 December 2025
IRS schema version
2024v5.2
Source object
202533389349300908

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