Totals
- Total revenue
- $53,121,070
- Total expenses
- $48,138,913
- Contributions and grants received
- $4,409,362
- Grants paid
- $425,000
- Program service revenue
- $47,369,116
- Investment income
- $850,999
- Other revenue
- $491,593
- Total assets, end of year
- $49,063,566
- Total liabilities, end of year
- $10,410,714
- Net assets or fund balances, end of year
- $38,652,852
- 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.
-
1b · Membership dues
$162,250
-
1e · Government grants (contributions)
$3,480,240
-
1f · All other contributions, gifts and grants
$766,872
-
2a · Program service revenue: NATIONAL CHECKOFF ASSESSMENT
total $44,735,065 · related or exempt $44,735,065
-
2b · Program service revenue: CONTRACT REVENUE
total $2,634,051 · related or exempt $2,634,051
-
3 · Investment income
total $829,499 · excluded $829,499
-
7a · Gross sales of assets other than inventory
other assets $21,500
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $21,500
-
7d · Net gain or loss
total $21,500 · related or exempt $21,500
-
11a · Other revenue: MAGAZINE ADVERTISING
total $477,200 · unrelated business $477,200
-
11b · Other revenue: OTHER INCOME
total $14,393 · related or exempt $14,393
-
11e · Other revenue, total
$491,593
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $425,000
-
5 · Compensation of officers, directors and key employees
total $755,926
-
7 · Other salaries and wages
total $5,541,895
-
8 · Pension plan contributions
total $543,432
-
9 · Other employee benefits
total $1,117,560
-
10 · Payroll taxes
total $434,271
-
11b · Fees: legal
total $14,899
-
11c · Fees: accounting
total $37,905
-
11d · Fees: lobbying
total $63,010
-
11g · Fees: other
total $4,099,539
-
12 · Advertising and promotion
total $4,036,830
-
13 · Office expenses
total $850,750
-
14 · Information technology
total $250,160
-
16 · Occupancy
total $101,900
-
17 · Travel
total $941,889
-
19 · Conferences, conventions and meetings
total $468,867
-
20 · Interest
total $1,104
-
22 · Depreciation, depletion and amortization
total $294,526
-
23 · Insurance
total $103,723
-
24a · Other expenses: CHECKOFF ASSESSMENT
total $23,860,408
-
24b · Other expenses: RESEARCH
total $3,035,518
-
24c · Other expenses: GENERAL SPONSORSHIP
total $618,729
-
24d · Other expenses: MICELLANEOUS
total $160,547
-
24e · All other expenses
total $380,525
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,521,508 · end of year $26,695,722
-
2 · Savings and temporary cash investments
beginning of year $6,382,767 · end of year $3,340,962
-
4 · Accounts receivable
beginning of year $5,380,686 · end of year $7,128,802
-
9 · Prepaid expenses and deferred charges
beginning of year $110,645 · end of year $180,036
-
10a · Land, buildings and equipment: cost or other basis
$15,706,718
-
10b · Land, buildings and equipment: accumulated depreciation
$6,246,764
-
10c · Land, buildings and equipment, net
beginning of year $6,955,173 · end of year $9,459,954
-
11 · Investments: publicly traded securities
beginning of year $11,856 · end of year $11,964
-
12 · Investments: other securities
beginning of year $1,609,775 · end of year $1,831,208
-
15 · Other assets
beginning of year $67,898 · end of year $414,918
-
17 · Accounts payable and accrued expenses
beginning of year $7,562,218 · end of year $9,426,849
-
19 · Deferred revenue
beginning of year $249,884 · end of year $477,626
-
25 · Other liabilities
beginning of year $845,789 · end of year $506,239
-
27 · Net assets without donor restrictions
beginning of year $32,319,493 · end of year $38,616,650
-
28 · Net assets with donor restrictions
beginning of year $62,924 · end of year $36,202
Mission and programs · 2022
Mission
THE CORPORATION IS ORGANIZED FOR THE BETTERMENT OF THE CONDITIONS OF THOSE ENGAGED IN THE PRODUCTION OF SOYBEANS, THE IMPROVEMENT OF THE GRADE OF THEIR PRODUCTS, AND THE DEVELOPMENT OF A HIGHER DEGREE OF EFFICIENCY IN AND A GREATER FINANCIAL RETURN FROM THEIR OCCUPATIONS. TO ACHIEVE THESE PURPOSES, THE ASSOCIATION'S MISSION IS TO AID IN THE PROMOTION OF THE SOYBEAN INDUSTRY THROUGH PROJECTS AND PROGRAMS INCLUDING BUT NOT LIMITED TO RESEARCH, EDUCATION, PROMOTION, AND MARKET DEVELOPMENT.
Activities or mission (Part I)
TO AID IN THE PROMOTION OF THE SOYBEAN INDUSTRY THROUGH PROJECTS AND PROGRAMS INCLUDING BUT NOT LIMITED TO RESEARCH, EDUCATION, AND MARKET DEVELOPMENT.
-
SUPPLY - CONDUCT ON-FARM RESEARCH TO STABILIZE AND INCREASE YIELD WHILE IMPROVING PRODUCTION EFFICIENCY AND THE ENVIRONMENT. THE PRIMARY FOCUS OF THIS OBJECTIVE IS TO HELP GROWERS BECOME MORE PROFITABLE BY COLLECTING SCIENCE-BASED INFORMATION RELATING TO CROP PRODUCTION.
-
INFORMATION AND EDUCATION - THE INFORMATION AND EDUCATION OBJECTIVE IS DRIVEN TO DELIVER GROWTH AND ENGAGEMENT OF FARMER MEMBERS IN ASSOCIATION ACTIVITIES, GREATER AWARENESS OF IOWA SOYBEAN ASOCIATION AMONG TARGET AUDIENCES, COMPELLING CONTENT THAT EMPOWERS SOYBEAN FARMERS TO BE MORE PRODUCTIVE AND PROFITABLE AND INCREASED TRUST AMONG FOOD-MINDED IOWANS IN MODERN AGRICULTURE AND ALL THINGS RELATED TO SOYBEAN PRODUCTION AND CONSUMPTION.
-
DEMAND - INCREASE DEMAND OF IOWA SOYBEANS BY MEETING THE NEEDS OF OUR CUSTOMERS. THIS PROGRAM'S MAIN GOAL IS TO INCREASE AND MAINTAIN EXPORT OF WHOLE SOYBEAN, SOYBEAN MEAL, AND PORK AND POULTRY PRODUCTS THROUGH MARKET DEVELOPMENT AND PROMOTIONAL EFFORTS.
-
ORGANIZATIONAL - PARTNERSHIP OPPORTUNITIES TO SUPPORT ISA PROGRAMS; PUBLIC AFFAIRS AND MEMBERSHIP - WORK ON MATTERS AFFECTING SOYBEAN PRODUCERS RELATED TO PUBLIC POLICY AND INDUSTRY RELATIONS, COMMUNICATION WITH ELECTED OFFICIALS AND GOVERNMENTAL REPRESENTATIVES, AND ASSOCIATION POLICY MEMBERSHIP RECRUITMENT.; COMPETITIVENESS AND MONITORING - THE KEY FOCUS AREA OF THE PROGRAM IS TO MONITOR ISSUES RELATED TO THE COMPETITIVENESS OF IOWA'S SOYBEAN FARMERS AS PART OF A GLOBAL MARKETPLACE IN SUCH AREAS AS TRADE AGREEMENTS, SUSTAINABILITY, DOMESTIC FARM PROGRAMS AND ENVIRONMENT REGULATIONS.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lindsay GreinerLINDSAY GREINER
DIRECTOR, THROUGH 9/7
- Total calculated
- $1,541
- From this org
- $1,541
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Tim BardoleTIM BARDOLE
DIRECTOR
- Total calculated
- $4,200
- From this org
- $4,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Dave WaltonDAVE WALTON
DIRECTOR
- Total calculated
- $2,465
- From this org
- $2,465
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Suzanne ShirbrounSUZANNE SHIRBROUN
PRESIDENT, BEGINNING 9/7
- Total calculated
- $1,800
- From this org
- $1,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 2.5 related
-
Morey HillMOREY HILL
DIRECTOR, THROUGH 9/7
- Total calculated
- $2,900
- From this org
- $2,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Randy MillerRANDY MILLER
PRESIDENT, THROUGH 9/7
- Total calculated
- $4,544
- From this org
- $4,544
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 2.5 related
-
Brent RennerBRENT RENNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robb EwoldtROBB EWOLDT
DIRECTOR
- Total calculated
- $3,300
- From this org
- $3,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Pat SwansonPAT SWANSON
DIRECTOR
- Total calculated
- $2,000
- From this org
- $2,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
April HemmesAPRIL HEMMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie EssickSTEPHANIE ESSICK
DIRECTOR, THROUGH 9/7
- Total calculated
- $0
- Hours/week
- 1
-
Warren BachmanWARREN BACHMAN
DIRECTOR
- Total calculated
- $3,300
- From this org
- $3,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Rick JuchemsRICK JUCHEMS
DIRECTOR
- Total calculated
- $1,041
- From this org
- $1,041
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Brent SwartBRENT SWART
PRESIDENT ELECT, BEGINNING 9/7
- Total calculated
- $5,700
- From this org
- $5,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 2.5 related
-
Chuck WhiteCHUCK WHITE
DIRECTOR, THROUGH 9/7
- Total calculated
- $0
- Hours/week
- 1
-
Casey SchlichtingCASEY SCHLICHTING
DIRECTOR, THROUGH 6/29
- Total calculated
- $1,300
- From this org
- $1,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jeff FrankJEFF FRANK
TREASURER, BEGINNING 9/7
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Marty DanzerMARTY DANZER
DIRECTOR
- Total calculated
- $4,788
- From this org
- $4,788
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Scot BaileySCOT BAILEY
DIRECTOR
- Total calculated
- $2,000
- From this org
- $2,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Tom AdamTOM ADAM
SECRETARY, BEGINNING 9/7
- Total calculated
- $2,041
- From this org
- $2,041
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1 + 2.5 related
-
Lee BrookeLEE BROOKE
DIRECTOR
- Total calculated
- $1,441
- From this org
- $1,441
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Dave StruthersDAVE STRUTHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aimee BissellAIMEE BISSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Corey GoodhueCOREY GOODHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul KasselPAUL KASSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sam ShowalterSAM SHOWALTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sharon ChismSHARON CHISM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kirk LeedsKIRK LEEDS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $557,668
- From this org
- $417,820
- From related orgs
- $9,773
- Other
- $130,075
- Hours/week
- 39 + 1 related
Schedule J breakdown matched by us
- Base
- $417,820 + $9,773 related
- Bonus
- $0
- Other
- $0
- Deferred
- $104,669 + $2,212 related
- Nontaxable benefits
- $22,714 + $480 related
- Filer's total
- $545,203 + $12,465 related
-
Steve McGinnisSTEVE MCGINNIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $236,130
- From this org
- $155,574
- From related orgs
- $7,837
- Other
- $72,719
- Hours/week
- 38 + 2 related
Schedule J breakdown matched by us
- Base
- $155,574 + $7,837 related
- Bonus
- $0
- Other
- $0
- Deferred
- $47,668 + $1,971 related
- Nontaxable benefits
- $22,164 + $916 related
- Filer's total
- $225,406 + $10,724 related
-
Ed AndersonED ANDERSON
SR. DIRECTOR OF RESEARCH
- Total calculated
- $325,844
- From this org
- $258,348
- From related orgs
- $0
- Other
- $67,496
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $258,348
- Bonus
- $0
- Other
- $0
- Deferred
- $44,398
- Nontaxable benefits
- $23,098
- Filer's total
- $325,844
-
Aaron PutzeAARON PUTZE
SR. DIRECTOR OF INFORMATIO
- Total calculated
- $216,843
- From this org
- $168,637
- From related orgs
- $366
- Other
- $47,840
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,637 + $366 related
- Bonus
- $0
- Other
- $0
- Deferred
- $24,733 + $45 related
- Nontaxable benefits
- $23,020 + $42 related
- Filer's total
- $216,390 + $453 related
-
Roger WolfROGER WOLF
DIRECTOR OF ENVIRONMENTAL
- Total calculated
- $253,056
- From this org
- $151,904
- From related orgs
- $31,876
- Other
- $69,276
- Hours/week
- 34 + 6 related
Schedule J breakdown matched by us
- Base
- $151,904 + $31,876 related
- Bonus
- $0
- Other
- $0
- Deferred
- $39,400 + $6,682 related
- Nontaxable benefits
- $19,831 + $3,363 related
- Filer's total
- $211,135 + $41,921 related
-
Sean McMahonSEAN MCMAHON
IAWA EXECUTIVE DIRECTOR
- Total calculated
- $232,264
- From this org
- $182,794
- From related orgs
- $0
- Other
- $49,470
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $182,794
- Bonus
- $0
- Other
- $0
- Deferred
- $26,385
- Nontaxable benefits
- $23,085
- Filer's total
- $232,264
-
Matt HermanMATT HERMAN
CHIEF OFFICER OF DEMAD AND ADVOCACY
- Total calculated
- $194,161
- From this org
- $0
- From related orgs
- $184,653
- Other
- $9,508
- Hours/week
- 0 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $184,653 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $2,683 related
- Nontaxable benefits
- $0 + $6,825 related
- Filer's total
- $0 + $194,161 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
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
-
RESEARCH
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.
-
AG TECHNOLOGY & ENVIRONMENTAL STEWARDSHIP FOUNDATION
501(C)(3) · PROMOTION AND RESEARCH FOR AGRICULTURAL TECHNOLOGY · IA
Directly controlled by IOWA SOYBEAN ASSOCIATION
-
501(C)(3) · PROMOTION AND DEVELOPMENT OF SOYBEAN FOODS & INGREDIENTS · IA
Directly controlled by IOWA SOYBEAN ASSOCIATION
-
SOYBEAN RESEARCH & DEVELOPMENT COUNCIL
501(C)(5) · PROMOTION OF THE SOYBEAN INDUSTRY · IA
Directly controlled by IOWA SOYBEAN ASSOCIATION
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 · 100% owned · share of income $1,002,848 · share of assets $1,533,173
Directly controlled by IOWA SOYBEAN ASSOCIATION
-
AGOUTCOMES INC
C · STRENGTHEN FARMER EFFORTS TO PROTECT WATER QUALITY AND SEQUESTER CARBON. · IA · 100% owned · share of income $5,955,414 · share of assets $5,824,836
Directly controlled by IOWA SOYBEAN ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410459349301401
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