Overview
What is Ohio Soybean Council Foundation?
The Ohio Soybean Council Foundation is a nonprofit organization situated in Worthington, Ohio. Their primary focus is on promoting the enhancement of soybean production and marketing strategies, as well as exploring new applications for soybeans through educational and scientific activities. By engaging in these endeavors, the foundation aims to contribute positively to the soybean industry, ultimately benefiting both producers and consumers.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
The Ohio Soybean Council Foundation has achieved an impressive rating of 94%, reflecting its commitment to high standards of accountability and financial health. With a perfect score of 100% in Accountability & Finance, the organization demonstrates transparency and responsible management of funds, which is vital for gaining donor trust and support. Its independent governance structure, with 100% of board members being independent, further strengthens its credibility.
The foundation maintains robust policies in place, including provisions for conflict of interest, whistleblower protections, and document retention, all of which contribute to its sound operational practices. Additionally, the absence of any material diversion of assets and a favorable liabilities to assets ratio (0.00%) showcases its strong financial stability. The high program expense ratio of 100% indicates that all funds are directed towards programmatic activities.
While the data highlights the organization's strengths in governance and financial management, there are no noted limitations in the rating information. The Ohio Soybean Council Foundation stands out as a well-managed nonprofit, dedicated to its mission and effectively utilizing its resources for the benefit of its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Soybean Council Foundation legitimate?
Ohio Soybean Council Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Soybean Council Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Ohio Soybean Council Foundation?
The Ohio Soybean Council Foundation is committed to engaging in educational and scientific activities aimed at enhancing soybean production and marketing practices. Their mission encompasses the development of new uses for soybeans, aiming to contribute positively to this agricultural sector. By undertaking these activities, the foundation aims to promote the advancement and growth of the soybean industry.
Who is the CEO of Ohio Soybean Council Foundation?
Kirk Merritt is the Vice Chairma of Ohio Soybean Council Foundation.
What is the revenue of Ohio Soybean Council Foundation?
Ohio Soybean Council Foundation's revenue in 2022 was $113,250.
Who are the executives of Ohio Soybean Council Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Ohio Soybean Council Foundation?
Ohio Soybean Council Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ohio Soybean Council Foundation
The Ohio Soybean Council Foundation is committed to engaging in educational and scientific activities aimed at enhancing soybean production and marketing practices, as well as discovering new uses for soybeans. Through their mission, the organization strives to contribute to the improvement of the soybean industry, focusing on both the agricultural and commercial aspects. By dedicating their efforts to these objectives, the Ohio Soybean Council Foundation aims to drive advancements and innovations in the utilization of soybeans, ultimately benefiting the agricultural sector and promoting sustainable growth.
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Impact
October, 2024
The Ohio Soybean Council Foundation plays a crucial role in advancing soybean production and marketing practices in the region. Through dedicated educational and scientific initiatives, the foundation focuses on enhancing the efficiency and sustainability of soybean cultivation, ensuring that farmers can optimize yields and profitability. In addition, it fosters innovation by exploring and developing new uses for soybeans, contributing to the diversification of products derived from this vital crop.
By engaging with farmers, researchers, and industry stakeholders, the foundation creates a collaborative environment that encourages knowledge sharing and the implementation of best practices. This engagement not only benefits local agriculture but also strengthens the overall economy by promoting soybean as a versatile and valuable resource. Overall, the Ohio Soybean Council Foundation's efforts lead to improved agricultural outcomes, support for farmers, and advancements in the soybean market.
This information is meant to be a general summary of Ohio Soybean Council Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $113,250
Assets and Liabilities:
- Total Assets: $437,223
- Total Liabilities: $0
- Net Assets: $437,223
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Organization Details
Phone
(614) 476-3100Principal Officer
Kirk Merritt
Main Address
918 PROPRIETORS ROAD SUITE A, WORTHINGTON, OH, 43085
NTEE Category
Code: K99 - Food
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