Skip to content
Nonprofiteer
← WISCONSIN SOYBEAN MARKETING BOARD INC

Form 990 for tax year 2022

Filed by WISCONSIN SOYBEAN MARKETING BOARD INC.

Totals

Total revenue
$8,375,418
Total expenses
$7,053,075
Contributions and grants received
$0
Grants paid
$1,461,459
Program service revenue
$8,084,926
Investment income
$290,492
Other revenue
$0
Total assets, end of year
$10,609,419
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,609,419
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: Assessments

    total $7,032,237 · related or exempt $7,032,237

  • 2b · Program service revenue: Assessments - QSSBs

    total $1,052,689 · related or exempt $1,052,689

  • 3 · Investment income

    total $288,770 · related or exempt $288,770

  • 7a · Gross sales of assets other than inventory

    other assets $1,722

  • 7c · Gain or loss

    other assets $1,722

  • 7d · Net gain or loss

    total $1,722 · related or exempt $1,722

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,461,459

  • 8 · Pension plan contributions

    total -$18,300

  • 11a · Fees: management

    total $284,050

  • 11c · Fees: accounting

    total $40,190

  • 11f · Fees: investment management

    total $12,527

  • 11g · Fees: other

    total $18,192

  • 13 · Office expenses

    total $4,576

  • 16 · Occupancy

    total $16,536

  • 17 · Travel

    total $97,535

  • 23 · Insurance

    total $5,317

  • 24a · Other expenses: National Assessments

    total $3,717,910 · program services $3,717,910

  • 24b · Other expenses: State Assessments

    total $860,177 · program services $860,177

  • 24c · Other expenses: Education

    total $110,162 · program services $110,162

  • 24d · Other expenses: Communications

    total $210,194 · program services $210,194

  • 24e · All other expenses

    total $232,550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,285,571 · end of year $10,609,419

  • 2 · Savings and temporary cash investments

    beginning of year $50

  • 27 · Net assets without donor restrictions

    beginning of year $9,285,621 · end of year $10,609,419

Mission and programs · 2022

Mission

Manage the Wisconsin Soybean marketing order by expanding and maintaining the sales of soybeans and soybean product and contracting with organizations to accomplish the purpose and objectives of the order.

  • Support projects that develop new uses for soybeans.

  • Support projects that develop and promote the international use of soybeans.

  • Support research projects related to soybean development, growth and use.

As filed on the 2022 return.

Listed in Part VII

  • Robert Karls

    Executive Director Through 4

    Total calculated
    $64,913
    From this org
    $0
    From related orgs
    $57,497
    Other
    $7,416
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    not reported + $57,497 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $7,416 related
    Filer's total
    not reported + $64,913 related

  • Kevin Bork

    Director

    Total calculated
    $0
    Hours/week
    2

  • Justin Bauer

    Director

    Total calculated
    $0
    Hours/week
    2

  • Steve Wilkens

    Director

    Total calculated
    $0
    Hours/week
    2

  • Matt Wagenson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Patrick Mullooly

    President

    Total calculated
    $0
    Hours/week
    5

  • Joe Smenteck

    Interim Executive Director

    Total calculated
    $0
    Hours/week
    0

  • Jonathan Gibbs

    Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Andy Bensend

    Vice President

    Total calculated
    $0
    Hours/week
    4

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

  • 3 · Approval by the board or compensation committee

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

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 December 2023
IRS schema version
2022v5.0
Source object
202323549349300307

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.