Form 990 for tax year 2022

Totals

Total revenue

$20,970,550

Total expenses

$20,156,684

Contributions and grants received

$88,640

Grants paid

$9,571,420

Program service revenue

$20,718,692

Investment income

$77,033

Other revenue

$86,185

Total assets, end of year

$20,266,725

Total liabilities, end of year

$3,300,266

Net assets or fund balances, end of year

$16,966,459

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 · 2022

• 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. IN ADDITION, IOWA CORN HAS BEEN AWARDED A PATENT FOR A TRANSGENIC CORN PLANT THAT IMPROVES NITROGEN USE EFFICIENCY.

• 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 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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• US GRAINS COUNCIL

  $3,441,285

  SUPPORT FOREIGN TRADE & CORN MARKET DEVELOPMENT

• NATIONAL CORN GROWERS ASSOCIATION

  $3,119,000

  GENERAL SUPPORT

• US MEAT EXPORT FEDERATION

  $2,254,000

  SUPPORT FOREIGN TRADE & CORN MARKET DEVELOPMENT

• IOWA AGRICULTURE WATER ALLIANCE

  $270,000

  WATER QUALITY & NUTRIENT SUPPORT

• IOWA STATE UNIVERSITY

  $100,750

  RESEARCH GRANT

• WORLD FOOD PRIZE FOUNDATION

  $60,000

  SUPPORT OF PROGRAMS & ACTIVITIES

• IOWA AGRICULTURE LITERACY FOUNDATION

  $50,000

  GENERAL SUPPORT

• IOWA NUTRIENT RESEARCH & EDUCATION COUNCIL

  $50,000

  WATER QUALITY & NUTRIENT SUPPORT

• IOWA FOUNDATION FOR AGRICULTURAL ADVACEMENT (IFAA)

  $27,500

  GENERAL SUPPORT

• GREATER DES MOINES PARTNERSHIP

  $27,000

  GENERAL SUPPORT

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.

Provenance

Return type

form_990

Tax year

2022

Filed

6 April 2024

IRS schema version

2022v5.0

Source object

202421109349301452

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

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