Form 990 for tax year 2023

Totals

Total revenue

$5,340,164

Total expenses

$5,439,449

Contributions and grants received

$0

Grants paid

$1,286,275

Program service revenue

$5,240,385

Investment income

$98,450

Other revenue

$1,329

Total assets, end of year

$3,879,918

Total liabilities, end of year

$791,883

Net assets or fund balances, end of year

$3,088,035

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.

Mission and programs · 2023

• SEE SCHEDULE O.THE OVERALL MISSION OF THE INDIANA CORN MARKETING COUNCIL IS TO PROMOTE INNOVATIVE SOLUTIONS TO GROW THE VALUE OF CORN IN INDIANA FROM SEED TO CUSTOMER. TO ACCOMPLISH THIS MISSION, IN 2021 THE ICMC BOARD OF DIRECTORS ADOPTED A NEW STRATEGIC PLAN WHICH PROVIDES A GUIDELINE FOR ACTIVITIES THROUGH FISCAL YEAR 2024. THE BOARD MODIFIED THIS PLAN IN AUGUST 2023 TO INCLUDE NEW INDIANA BASED EVALUATION METRICS TO BE USED FOR PROJECTS COMMENCING IN FISCAL YEAR 2025. THE FOCUS AREAS OF THE PLAN REMAIN UNCHANGED. THE BASIS OF THIS PLAN WAS DEVELOPED FROM SOURCES WHICH INCLUDED: INPUT FROM INDUSTRY LEADERS, BOARD MEMBERS, FORMER BOARD MEMBERS AND THE EXPERIENCES OF ISA STAFF AND RESULTS FROM THE PRIOR STRATEGIC PLAN. THIS STRATEGIC PLAN HAS FOUR OVERALL STRATEGIC FOCUS AREAS THAT GUIDE ICMC'S INVESTMENT OF PRODUCER CHECKOFF DOLLARS. THE FOUR FOCUS AREAS ARE MARKET DEVELOPMENT, SUSTAINABILITY, VALUE CREATION AND PRODUCER ENGAGEMENT. MARKET DEVELOPMENT: IN FISCAL YEAR 2024, MARKET DEVELOPMENT HAS ONE STRATEGIC OBJECTIVE. THE OBJECTIVE IS TO INCREASE MARKET ACCESS AND GROW INTERNATIONAL AND DOMESTIC DEMAND FOR CORN IN ALL FORMS. ICMC ACCOMPLISHES THIS BY INVESTING IN INITIATIVES THAT INCREASE EXPORTS TO TARGETED COUNTRIES SUCH AS VIETNAM, INDIA, MEXICO, CENTRAL, SOUTH AND LATIN AMERICA AND INCREASING ETHANOL INFRASTRUCTURE SUPPORT, EXPORTS, RESEARCH, INFORMATION AND PROMOTIONAL ACTIVITIES. SUSTAINABILITY: IN FISCAL YEAR 2024, SUSTAINABILITY HAS THREE STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS TO CONTINUE TO INCREASE THE NUMBER OF ACRES IN INDIANA UTILIZING SUSTAINABLE PRODUCTION PRACTICES BY MEETING TARGETS OF NUTRIENT LOSS REDUCTION GOALS IN INDIANA. THE SECOND OBJECTIVE IS TO EXPAND REACH TO STRENGTHEN CONSUMERS' PERCEPTIONS AND INCREASE COMMUNITY AWARENESS REGARDING FARM SUSTAINABILITY PRACTICES. THE THIRD OBJECTIVE IS TO SUPPORT EFFORTS THAT REDUCE PRODUCTION AND INPUT COSTS AND IMPROVE ON-FARM PROFITABILITY. THE INITIATIVES UNDER THIS OBJECTIVE ARE IDENTIFYING OPPORTUNITIES TO IMPROVE ON-FARM PROFITABILITY AND SEEK NON-TRADITIONAL VALUE GENERATION.VALUE CREATION: IN FISCAL YEAR 2024, VALUE CREATION HAS ONE STRATEGIC OBJECTIVE. THE OBJECTIVE IS TO DEVELOP NEW VALUE-ADDED MARKETS AND PRODUCTS FROM CORN IN ALL FORMS. THE INITIATIVES IN THIS AREA INCLUDE PROJECTS THAT DEVELOP NEW TECHNOLOGIES IN FOOD, BEVERAGE AND INDUSTRIAL MARKETS AND FACILITATE REGULATORY APPROVAL FOR CORN PRODUCTS. PRODUCER ENGAGEMENT: IN FISCAL YEAR 2024, THE BACKBONE OF THIS OBJECTIVE IS PROVIDING INFORMATION ON THE WORK DONE BY ICMC TO THE INDIANA PRODUCERS ICMC SERVES. THE FIRST OBJECTIVE IS TO INCREASE AWARENESS AND UNDERSTANDING OF THE CHECKOFF PROGRAMS AND THE RETURN ON INVESTMENT FOR INDIANA CORN FARMERS. THE SECOND OBJECTIVE IS TO CREATE ADDITIONAL OPPORTUNITIES FOR FARMERS TO ENGAGE WITH ICMC ASIDE FROM JOINING THE BOARD. IN ADDITION TO THE FOUR STRATEGIC OBJECTIVES ABOVE, A SUCCESSFUL ORGANIZATION MUST INVEST IN INFRASTRUCTURE (PERSONNEL, MARKETING, AND TECHNOLOGY), ESTABLISH SOUND FISCAL AND FIDUCIARY MANAGEMENT PRACTICES, AND DEVELOP OUR BOARD MEMBERS TO BE LEADERS WITHIN INDIANA AGRICULTURE AND WITH NATIONAL AGRICULTURAL ORGANIZATIONS. THE FOLLOWING OBJECTIVES FIT INTO THIS CATEGORY. PROMOTION AND BOARD OPERATIONS: THIS OBJECTIVE CONTAINS EXPENSES FOR BOARD MEETINGS, LEADERSHIP AND EDUCATIONAL DEVELOPMENT, BASE INFRASTRUCTURE FOR MARKETING EFFORTS, AND PROGRAM MANAGEMENT OF THE BOARD.NATIONAL CORN GROWERS ASSOCIATION (NCGA): NCGA POOLS RESOURCES FROM CORN PRODUCING STATES TO ADVANCE CHECKOFF PROGRAMS RELATED TO CORN. THEY DO THIS BY SUPPORTING PROGRAMS REVIEWED AND APPROVED BY FARMER AND STAFF LED ACTION TEAMS. CHECKOFF DOLLARS GIVEN TO NCGA BY ICMC CANNOT BE USED FOR NCGA'S ADVOCACY EFFORTS. MANAGEMENT AND GENERAL ADMINISTRATION: THIS OBJECTIVE ENSURES COMPLIANCE WITH THE INDIANA CORN MARKET DEVELOPMENT LAW AND THE GOVERNANCE OF ICMC. INCLUDED IN THESE ACTIVITIES ARE BOARD ELECTIONS, APPROPRIATE BUSINESS INSURANCE, FINANCIAL AUDITS, ACCOUNTING AND INVESTMENTS IN PROCESSES FOR REMITTANCES FROM FIRST PURCHASERS OF CORN IN INDIANA AND THE PERIODIC AUDITING OF THOSE FIRST PURCHASERS.

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

Listed in Part VII

• TIM GAUCK

  PRESIDENT

  Total calculated

  $0

  Hours/week

  2

• MATTHEW LUCAS

  VICE PRESIDENT

  Total calculated

  $0

  Hours/week

  2

• SUSAN BROCKSMITH

  SECRETARY

  Total calculated

  $0

  Hours/week

  2

• RON HENSLEY

  TREASURER

  Total calculated

  $0

  Hours/week

  2

• JOHN ADAM JR

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• MIKE BEARD

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• NATASHA COX

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• SARAH DELBECQ

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• RON HENSLEY

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• PAUL HODGEN

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• MICHAEL MORROW

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• JERRY OSTERHOLT

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• DAVID RING

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• JR ROESNER

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• ADAM SHELLER

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• KELLY WHITEMAN SNIPES

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• JON SPARKS

  DIRECTOR

  Total calculated

  $0

  Hours/week

  2

• COURTNEY KINGERY

  CHIEF EXECUTIVE OFFICER

  Total calculated

  $0

  Hours/week

  15

• CHANTEL RAMMEL

  CHIEF OPERATING OFFICER

  Total calculated

  $0

  Hours/week

  10

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

• PURDUE UNIVERSITY

  $389,556

  RESEARCH

• US GRAINS COUNCIL

  $310,000

  RESEARCH AND MARKET DEVELOPMENT

• CATALYXX INC

  $120,000

  RESEARCH

• US MEAT EXPORT FEDERATION

  $114,945

  MARKET DEVELOPMENT ACTIVITIES

• STEPONE TECH AMERICA INC

  $100,000

  RESEARCH

• USA POULTRY & EGG EXPORT COUNCIL

  $88,948

  MARKET DEVELOPMENT ACTIVITIES

• LAKRIL TECHNOLOGIES CORPORATION

  $60,000

  RESEARCH

• UNIVERSITY OF NOTRE DAME

  $42,500

  RESEARCH

• CENTRAL INDIANA CORPORATE PARTNERSHIP

  $35,325

  VALUE CREATION AND OTHER PROJECTS

• INDIANA UNIVERSITY

  $20,000

  RESEARCH

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2023

Filed

31 January 2025

IRS schema version

2023v6.0

Source object

202530319349300003

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.