Skip to content
Nonprofiteer
← SOYBEAN RESEARCH DEVELOPMENT COUNCIL

Form 990 for tax year 2022

Filed by SOYBEAN RESEARCH DEVELOPMENT COUNCIL.

Totals

Total revenue
$2,357,358
Total expenses
$2,110,493
Contributions and grants received
$1,354,930
Grants paid
$0
Program service revenue
$994,064
Investment income
$8,364
Other revenue
$0
Total assets, end of year
$1,602,114
Total liabilities, end of year
$413,464
Net assets or fund balances, end of year
$1,188,650
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.

  • 1d · Related organizations

    $425,000

  • 1f · All other contributions, gifts and grants

    $929,930

  • 2a · Program service revenue: CONTRACT REVENUE

    total $994,064 · related or exempt $994,064

  • 3 · Investment income

    total $8,364 · excluded $8,364

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $235,464

  • 8 · Pension plan contributions

    total $24,334

  • 9 · Other employee benefits

    total $46,307

  • 10 · Payroll taxes

    total $16,703

  • 11b · Fees: legal

    total $88

  • 11c · Fees: accounting

    total $3,263

  • 11g · Fees: other

    total $1,547,023

  • 12 · Advertising and promotion

    total $2,892

  • 13 · Office expenses

    total $8,836

  • 14 · Information technology

    total $24,998

  • 16 · Occupancy

    total $1,977

  • 17 · Travel

    total $55,329

  • 19 · Conferences, conventions and meetings

    total $120,762

  • 20 · Interest

    total $21

  • 22 · Depreciation, depletion and amortization

    total $5,574

  • 23 · Insurance

    total $1,329

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $8,512

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $2,015

  • 24c · Other expenses: GIFTS AND AWARDS

    total $1,661

  • 24e · All other expenses

    total $3,405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $979,394 · end of year $1,473,486

  • 4 · Accounts receivable

    beginning of year $449,910 · end of year $125,310

  • 9 · Prepaid expenses and deferred charges

    end of year $3,318

  • 17 · Accounts payable and accrued expenses

    beginning of year $466,916 · end of year $382,277

  • 19 · Deferred revenue

    beginning of year $20,603 · end of year $31,187

  • 27 · Net assets without donor restrictions

    beginning of year $108,792 · end of year $104,568

  • 28 · Net assets with donor restrictions

    beginning of year $832,993 · end of year $1,084,082

Mission and programs · 2022

Mission

PROMOTION OF THE SOYBEAN INDUSTRY.

Activities or mission (Part I)

PROMOTION OF THE SOYBEAN INDUSTRY

  • TO IMPROVE THE PRODUCTION AND UTILIZATION OF SOYBEANS AND SOYBEAN PRODUCTS, TO BETTER THE CONDITIONS OF THOSE ENGAGED IN THE PRODUCTION AND UTILIZATION OF SOYBEANS AND SOYBEAN PRODUCTS, AND TO DEVELOP A HIGHER DEGREE OF EFFICIENCY.

As filed on the 2022 return.

Listed in Part VII

  • Randy Miller

    PRESIDENT, THROUGH 9/7

    Total calculated
    $4,544
    From this org
    $0
    From related orgs
    $4,544
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Suzanne Shirbroun

    PRESIDENT, BEGINNING 9/7

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Brent Swart

    PRESIDENT ELECT, BEGINNING 9/7

    Total calculated
    $5,700
    From this org
    $0
    From related orgs
    $5,700
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Jeff Frank

    TREASURER, BEGINNING 9/7

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Tom Adam

    SECRETARY, BEGINNING 9/7

    Total calculated
    $2,041
    From this org
    $0
    From related orgs
    $2,041
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Brent Renner

    DIRECTOR, BEGINNING 9/7

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kirk Leeds

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $557,668
    From this org
    $0
    From related orgs
    $427,593
    Other
    $130,075
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $427,593 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $106,881 related
    Nontaxable benefits
    $0 + $23,194 related
    Filer's total
    $0 + $557,668 related

  • Steve McGinnis

    CHIEF FINANCIAL OFFICER

    Total calculated
    $236,130
    From this org
    $654
    From related orgs
    $162,757
    Other
    $72,719
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $654 + $162,757 related
    Bonus
    $0
    Other
    $0
    Deferred
    $199 + $49,440 related
    Nontaxable benefits
    $92 + $22,988 related
    Filer's total
    $945 + $235,185 related

  • Matt Herman

    CHIEF OFFICER OF DEMAND & ADVOCACY

    Total calculated
    $194,161
    From this org
    $184,653
    From related orgs
    $0
    Other
    $9,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,653
    Bonus
    $0
    Other
    $0
    Deferred
    $2,683
    Nontaxable benefits
    $6,825
    Filer's total
    $194,161

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

No itemized grants to organizations on this return.

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.

  • ISA MANAGEMENT SOLUTIONS INC

    C · PROVIDE PROFESSIONAL MANAGEMENT, MARKETING, AND PUBLIC RELATION SERVICES · IA

    Directly controlled by IOWA SOYBEAN ASSOCIATION

  • AGOUTCOMES INC

    C · STRENGTHEN FARMER EFFORTS TO PROTECT WATER QUALITY AND SEQUESTER CARBON. · IA

    Directly controlled by IOWA SOYBEAN ASSOCIATION

Provenance

Return type
form_990
Tax year
2022
Filed
7 February 2024
IRS schema version
2022v5.0
Source object
202440399349300414

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

The source document this was parsed from is served over the API, which is where bulk and document access live.