Totals
- Total revenue
- $1,097,244
- Total expenses
- $1,243,419
- Contributions and grants received
- $29,870
- Grants paid
- $639,472
- Program service revenue
- $1,033,965
- Investment income
- $19,671
- Other revenue
- $13,738
- Total assets, end of year
- $1,010,145
- Total liabilities, end of year
- $210,407
- Net assets or fund balances, end of year
- $799,738
- Program services expenses (Part IX)
- $1,173,797
- Management and general expenses
- $69,622
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,173,797
Program services were 94.4% 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.
-
1f · All other contributions, gifts and grants
$29,870
-
2a · Program service revenue: ASSESSMENTS 1ST PURCHA
total $1,033,965 · related or exempt $1,033,965
-
3 · Investment income
total $19,671 · related or exempt $19,671
-
11a · Other revenue: MISCELLANEOUS
total $13,738 · related or exempt $13,738
-
11e · Other revenue, total
$13,738
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $639,472 · program services $639,472
-
11a · Fees: management
total $43,285 · management and general $43,285
-
11c · Fees: accounting
total $8,300 · management and general $8,300
-
11g · Fees: other
total $534,325 · program services $534,325
-
13 · Office expenses
total $1,489 · management and general $1,489
-
23 · Insurance
total $2,234 · management and general $2,234
-
24a · Other expenses: BOARD OF DIRECTORS EXPE
total $9,585 · management and general $9,585
-
24b · Other expenses: TELEPHONE
total $3,728 · management and general $3,728
-
24c · Other expenses: MISCELLANEOUS
total $1,001 · management and general $1,001
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $591,268 · end of year $556,441
-
2 · Savings and temporary cash investments
beginning of year $430,281 · end of year $390,724
-
4 · Accounts receivable
beginning of year $81,631 · end of year $62,980
-
10a · Land, buildings and equipment: cost or other basis
$4,679
-
10b · Land, buildings and equipment: accumulated depreciation
$4,679
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $104,367 · end of year $77,763
-
18 · Grants payable
beginning of year $52,900 · end of year $132,644
-
27 · Net assets without donor restrictions
beginning of year $945,913 · end of year $799,738
Mission and programs · 2024
Mission
TO COLLECT ASSESSMENTS AND DISBURSE THE MONEY COLLECTED TO FUND PROJECTS RELATED TO MARKETING, PROMOTION OF SOYBEANS AND NEW USES, SOYBEAN EDUCATION, AND SOYBEAN RESEARCH TO DECREASE PRODUCTION COSTS TO FARMERS.
Activities or mission (Part I)
TO FUND PROJECTS RELATED TO THE EXPANSION OF SOYBEAN EXPORTS, PROMOTION OF SOYBEANS, EDUCATING FARMERS AND CONSUMERS OF SOYBEAN RESEARCH.
-
REQUIRED BY FEDERAL LAW TO FORWARD HALF THE ASSESSMENTS COLLECTED TO THE UNITED SOYBEAN BOARD.
Expenses $504,711
-
TO FUND IN-STATE (MARYLAND) SOYBEAN RELATED RESEARCH.
Expenses $134,761
-
PROMOTION OF SOYBEANS AT VARIOUS FAIRS AND MEETINGS, EDUCATIONAL PROGRAMS ON SOYBEANS AND THEIR MANY USES, COMMUNICATION OF BOARD ACTIVITIES THROUGH NEWS RELEASES, NEWSLETTERS, ANNUAL REPORT, AND SOCIAL MEDIA.
Expenses $534,325
As filed on the 2024 return.
Listed in Part VII
-
Eddie BoyleEDDIE BOYLE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Ralph StambaughRALPH STAMBAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dale BrownDALE BROWN
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Steve WalterSTEVE WALTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jason SpicerJASON SPICER
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Evan StanleyEVAN STANLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Shane KingSHANE KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tyler RillTYLER RILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tyler AydeloteTYLER AYDELOTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Wes MillerWES MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
-
UNITED STATES SOYBEAN BOARD
$0
REQUIRED REMITTANCE TO USB (50% OF ASSESSMENT REVENUE)
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642239349300939
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.