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← SOYBEAN RESEARCH DEVELOPMENT COUNCIL

Form 990 for tax year 2023

Filed by SOYBEAN RESEARCH DEVELOPMENT COUNCIL.

Totals

Total revenue
$1,978,835
Total expenses
$1,818,646
Contributions and grants received
$969,900
Grants paid
$0
Program service revenue
$993,965
Investment income
$14,970
Other revenue
$0
Total assets, end of year
$1,649,855
Total liabilities, end of year
$838,745
Net assets or fund balances, end of year
$811,110
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.

  • 1f · All other contributions, gifts and grants

    $969,900

  • 2a · Program service revenue: CONTRACT REVENUE

    total $993,965 · related or exempt $993,965

  • 3 · Investment income

    total $14,970 · excluded $14,970

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $162,360

  • 8 · Pension plan contributions

    total $16,779

  • 9 · Other employee benefits

    total $31,930

  • 10 · Payroll taxes

    total $11,517

  • 11b · Fees: legal

    total $81

  • 11c · Fees: accounting

    total $4,704

  • 11g · Fees: other

    total $1,431,243

  • 12 · Advertising and promotion

    total $204

  • 13 · Office expenses

    total $3,008

  • 14 · Information technology

    total $9,114

  • 16 · Occupancy

    total $1,539

  • 17 · Travel

    total $26,224

  • 19 · Conferences, conventions and meetings

    total $104,647

  • 22 · Depreciation, depletion and amortization

    total $4,094

  • 23 · Insurance

    total $833

  • 24a · Other expenses: GIFTS AND AWARDS

    total $2,867

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $2,587

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $507

  • 24e · All other expenses

    total $4,408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,473,486 · end of year $1,596,483

  • 4 · Accounts receivable

    beginning of year $125,310 · end of year $52,665

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,318 · end of year $707

  • 17 · Accounts payable and accrued expenses

    beginning of year $382,277 · end of year $796,418

  • 19 · Deferred revenue

    beginning of year $31,187 · end of year $42,327

  • 27 · Net assets without donor restrictions

    beginning of year $104,568 · end of year $27,960

  • 28 · Net assets with donor restrictions

    beginning of year $1,084,082 · end of year $783,150

Mission and programs · 2023

Mission

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 2023 return.

Listed in Part VII

  • Suzanne Shirbroun

    PRESIDENT

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Brent Swart

    PRESIDENT ELECT

    Total calculated
    $5,000
    From this org
    $0
    From related orgs
    $5,000
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Jeff Frank

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Tom Adam

    SECRETARY

    Total calculated
    $1,620
    From this org
    $0
    From related orgs
    $1,620
    Other
    $0
    Hours/week
    0.5 + 3 related

  • Brent Renner

    DIRECTOR

    Total calculated
    $1,100
    From this org
    $0
    From related orgs
    $1,100
    Other
    $0
    Hours/week
    0.5 + 1 related

  • Kirk Leeds

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $578,991
    From this org
    $1,733
    From related orgs
    $442,514
    Other
    $134,744
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $1,733 + $442,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $426 + $108,856 related
    Nontaxable benefits
    $99 + $25,363 related
    Filer's total
    $2,258 + $576,733 related

  • Steve McGinnis

    CHIEF FINANCIAL OFFICER

    Total calculated
    $260,248
    From this org
    $1,291
    From related orgs
    $183,074
    Other
    $75,883
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $1,291 + $179,552 related
    Bonus
    $0 + $3,522 related
    Other
    $0
    Deferred
    $371 + $52,612 related
    Nontaxable benefits
    $160 + $22,740 related
    Filer's total
    $1,822 + $258,426 related

  • Matt Herman

    CHIEF OFFICER OF DEMAND &

    Total calculated
    $259,503
    From this org
    $41,589
    From related orgs
    $192,452
    Other
    $25,462
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $41,589 + $189,916 related
    Bonus
    $0 + $2,536 related
    Other
    $0
    Deferred
    $2,990 + $13,835 related
    Nontaxable benefits
    $1,535 + $7,102 related
    Filer's total
    $46,114 + $213,389 related

  • Aaron Putze

    SR. DIRECTOR OF INFORMATION

    Total calculated
    $218,053
    From this org
    $423
    From related orgs
    $182,767
    Other
    $34,863
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $423 + $182,767 related
    Bonus
    $0
    Other
    $0
    Deferred
    $28 + $12,222 related
    Nontaxable benefits
    $52 + $22,561 related
    Filer's total
    $503 + $217,550 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. 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
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202510699349301401

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