Overview
What is Indiana Soybean Alliance Inc?
The Indiana Soybean Alliance Inc, based in Indianapolis, Indiana, is a nonprofit organization dedicated to promoting soybean interests. With a mission to enhance opportunities for Indiana soybean farmers, the Alliance focuses on four strategic areas: market development, sustainability, value creation, and producer engagement. Market development is a key priority, with initiatives to boost livestock and meat exports and increase market preference for US soybeans and soybean products. The organization serves as a qualified State Soybean Board and works with partners to achieve its objectives under the Federal SPARC Act and Order. The Indiana Soybean Alliance has a workforce of 37 individuals, and its strategic plan is guided by industry trends, expert interviews, and board member forums.
Official website here: www.indianasoybean.com
What are the reviews and ratings of this charity?
The Indiana Soybean Alliance Inc has not been rated by Charity Navigator as it lacks the necessary beacon scores. This absence of a rating does not imply any judgment on the organization; rather, it indicates that the nonprofit has yet to be evaluated under the current system, which requires Accountability & Finance or Impact & Measurement beacons.
Due to its IRS status, the Indiana Soybean Alliance Inc cannot be evaluated using the Accountability & Finance methodology, as it is not registered as a 501(c)(3) organization. Consequently, there is no available data on the organization's total revenue, expenses, or key personnel salaries, limiting insights into its financial health and efficiency.
The non-availability of a current charity rating also impedes assessment of its Leadership & Adaptability, Culture & Community, or impact, since these areas are only reviewed for 501(c)(3) organizations. Historical ratings might reflect past financial accountability, but this remains speculative without full data. No user reviews from GreatNonprofits are available for further insights.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Soybean Alliance Inc legitimate?
Indiana Soybean Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indiana Soybean Alliance Inc 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: $386,314
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,013,660
For more financial information, click here
Official website here: www.indianasoybean.com
What is the mission statement of Indiana Soybean Alliance Inc?
The Indiana Soybean Alliance Inc (ISA) focuses on improving opportunities for soybean farmers through proactive partnership work. The organization's mission is to invest producer checkoff dollars into four strategic focus areas: market development, sustainability, value creation, and producer engagement. This strategic plan was developed through input from various sources, including surveys, industry trends assessments, expert interviews, and board member forums. By concentrating on these areas, ISA aims to enhance the prospects for soybean farmers in Indiana.
Official website here: www.indianasoybean.com
Who is the CEO of Indiana Soybean Alliance Inc?
Chantel Rammel is the Ceo of Indiana Soybean Alliance Inc. The CEO's salary of Indiana Soybean Alliance Inc is $212,131 and their total compensation is $255,144.
Official website here: www.indianasoybean.com
What is the revenue of Indiana Soybean Alliance Inc?
Indiana Soybean Alliance Inc's revenue in 2023 was $13,337,693.
Official website here: www.indianasoybean.com
Who are the executives of Indiana Soybean Alliance Inc and what are their salaries?
The average compensation at Indiana Soybean Alliance Inc during 2023 was $37,837. There are 37 employees at Indiana Soybean Alliance Inc.
Here are 35 key members and their salaries (Indiana Soybean Alliance Inc's CEO's salary is $212,131 and their total compensation is $255,144):
- Compensation: $212,131
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- Other: $43,013
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- Other: $30,100
- Compensation: $165,933
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- Other: $27,000
- Compensation: $145,238
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- Other: $17,138
- Compensation: $118,150
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Official website here: www.indianasoybean.com
Where can I find the form 990 for Indiana Soybean Alliance Inc?
Indiana Soybean Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.indianasoybean.com
Learn more at the official website: www.indianasoybean.com
Mission Statement of Indiana Soybean Alliance Inc
The Indiana Soybean Alliance Inc, with a mission to enhance the prospects for soybean farmers in the state, proactively collaborates with partners. The organization's board of directors has adopted a new strategic plan, formulated through industry leader surveys, assessments, expert interviews, and board member forums. This plan focuses on four main areas, guiding Indiana Soybean Alliance Inc's investment of producer checkoff dollars.
Firstly, Market Development is a primary focus, encompassing efforts to expand sales and markets for Indiana soybeans. Secondly, Sustainability is a critical area, addressing the environmental and social responsibilities of soybean farming. Thirdly, Value Creation involves adding worth to Indiana soybeans through innovation and research. Lastly, Producer Engagement is essential, ensuring a strong connection between farmers and the Alliance. Collectively, these strategic areas enable the Indiana Soybean Alliance Inc to improve opportunities for farmers in Indiana.
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Impact
October, 2024
The Indiana Soybean Alliance Inc (ISA) plays a pivotal role in enhancing the soybean industry's landscape in Indiana. It focuses on multiple strategic objectives to bolster market development, improve economic opportunities for soybean farmers, and foster sustainable agricultural practices.
One of the key areas of impact is the promotion of livestock and meat exports, which is crucial for increasing demand for soybeans as livestock feed. ISA invests in initiatives aimed at expanding red meat and poultry exports to targeted international markets. By partnering with organizations and utilizing industry resources, they strive to enhance the export potential of U.S. soybeans and soybean products on a global scale.
Moreover, the ISA is committed to sustainability and value creation, ensuring that practices not only improve market viability but also contribute positively to the environment. Their strategic plan, developed through extensive input from industry leaders and experts, ensures that investments are directed towards impactful initiatives.
The engagement of soybean producers is another significant facet of ISA's work, providing clear communication and educational resources to inform farmers about market trends and policy issues affecting their livelihoods. By aligning their activities with the needs of the farming community, ISA effectively promotes a collaborative approach to enhancing the soybean industry's success in Indiana and beyond.
This information is meant to be a general summary of Indiana Soybean Alliance Inc. 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 2023.
- Investment Income: $237,860
- Program Service Revenue: $12,270,208
- Gross Receipts: $13,746,470
Assets and Liabilities:
- Total Assets: $22,403,854
- Total Liabilities: $4,514,397
- Net Assets: $17,889,457
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENT REVENUE
Revenue
$8,804,725
OUT-OF-STATE ASSESSMENT REVENUE
Revenue
$3,401,547
MEMBERSHIP DUES
Revenue
$63,936
Organization Details
Founding Year
1997
Phone
(317) 347-3620Principal Officer
Chantel Rammel
Main Address
8425 KEYSTONE CROSSING 200, INDIANAPOLIS, IN, 46240
Website
www.indianasoybean.comNTEE Category
Code: K20 - Food
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