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Nonprofiteer
← AMERICAN SOYBEAN ASSOCIATION

Form 990 for tax year 2024

Filed by AMERICAN SOYBEAN ASSOCIATION.

Totals

Total revenue
$1,299,702
Total expenses
$1,305,510
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,274,370
Investment income
$387
Other revenue
$24,945
Total assets, end of year
$254,505
Total liabilities, end of year
$105,565
Net assets or fund balances, end of year
$148,940
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.

  • 2a · Program service revenue: CONTRACT REVENUE

    total $1,185,596 · related or exempt $1,185,596

  • 2b · Program service revenue: SPONSORSHIPS

    total $60,950 · related or exempt $60,950

  • 2c · Program service revenue: MEMBERSHIP DUES AND AS

    total $20,324 · related or exempt $20,324

  • 2d · Program service revenue: PROGRAM FUNDS

    total $7,500 · related or exempt $7,500

  • 3 · Investment income

    total $387 · excluded $387

  • 11a · Other revenue: ADVERTISING INCOME

    total $13,475 · unrelated business $13,475

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $11,470 · related or exempt $11,470

  • 11e · Other revenue, total

    $24,945

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $145,293

  • 7 · Other salaries and wages

    total $465,487

  • 8 · Pension plan contributions

    total $10,583

  • 9 · Other employee benefits

    total $62,994

  • 10 · Payroll taxes

    total $45,100

  • 11c · Fees: accounting

    total $2,840

  • 11g · Fees: other

    total $46,680

  • 13 · Office expenses

    total $31,122

  • 14 · Information technology

    total $4,984

  • 16 · Occupancy

    total $92,512

  • 17 · Travel

    total $242,972

  • 19 · Conferences, conventions and meetings

    total $60,036

  • 22 · Depreciation, depletion and amortization

    total $12,095

  • 23 · Insurance

    total $28,377

  • 24a · Other expenses: DUES, FEES & SUBSCRIPTI

    total $40,340

  • 24b · Other expenses: MISCELLANEOUS

    total $11,239

  • 24c · Other expenses: MEMBERSHIP EXPENSES

    total $2,469

  • 24d · Other expenses: DISPLAYS

    total $387

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $229,852 · end of year $185,773

  • 4 · Accounts receivable

    beginning of year $31,271 · end of year $13,225

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,462 · end of year $12,167

  • 10a · Land, buildings and equipment: cost or other basis

    $60,475

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,135

  • 10c · Land, buildings and equipment, net

    beginning of year $55,435 · end of year $43,340

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,694 · end of year $24,535

  • 25 · Other liabilities

    beginning of year $126,578 · end of year $81,030

  • 27 · Net assets without donor restrictions

    beginning of year $154,748 · end of year $148,940

Mission and programs · 2024

Mission

TO SERVE AS THE VOICE AND ADVOCATE FOR SOYBEAN PRODUCER MEMBERS.

  • EDUCATION, PROMOTION, AND MARKET DEVELOPMENT FOR SOYBEANS

As filed on the 2024 return.

Listed in Part VII

  • Adam Phelon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Andy Winsor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ben Bellar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brandon Geiger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Brett Neibling

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Brice Bunck

    TREASURER

    Total calculated
    $0
    Hours/week
    3
  • Anna Unruh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Daniel Anderes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Greg Strube

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • James Moreland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jared Nash

    FIRST VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Jessie Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • John Pracht

    SECOND VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Josh Falk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Keith Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mike Musselman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Rajiv Khosla PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Roger Draeger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Ryan Delaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Sarah Lancaster PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Scott Gigstad

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    3
  • Teresa Brandenburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Kaleb Little

    CEO

    Total calculated
    $144,608
    From this org
    $132,682
    From related orgs
    $0
    Other
    $11,926
    Hours/week
    50
  • Dennis Hupe

    DIRECTOR OF FIELD SERVICES

    Total calculated
    $130,507
    From this org
    $106,941
    From related orgs
    $0
    Other
    $23,566
    Hours/week
    54

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2026
IRS schema version
2024v5.5
Source object
202611279349302701

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