Overview
What is Illinois Corn Marketing Board?
The Illinois Corn Marketing Board is a nonprofit organization situated in Bloomington, Illinois. Their mission is to promote the industrial uses of corn and corn products through various activities, including public education, market development, and research. By investing check-off funds into these projects, they aim to evaluate and maximize the impact of each investment. In essence, the Illinois Corn Marketing Board works to provide research, market development, and efficient markets for Illinois corn and corn products.
Official website here: www.ilcorn.org
What are the reviews and ratings of this charity?
The Illinois Corn Marketing Board is not currently rated by Charity Navigator, as it requires either an Accountability & Finance beacon or an Impact & Measurement beacon for eligibility. The lack of a rating should not be interpreted as either explicitly positive or negative. Historical ratings, focused on Accountability and Finance, provide limited insight due to omitted factors like Leadership & Adaptability, Culture & Community, or Impact & Measurement.
As it is not a 501(c)(3) IRS registered nonprofit, the Illinois Corn Marketing Board cannot be assessed using the Accountability & Finance methodology of Charity Navigator, which limits the available financial transparency. This status also means that there's no public data on their total revenue, expenses, or salary of key persons.
The organization operates independently and is not part of any national or regional affiliation. Its foundation status indicates it does not align with typical 501(c)(3) reverberations, reducing its applicability to typical nonprofit evaluations, like those offered by Charity Navigator. Without reviews from GreatNonprofits, further community or user insight is unavailable.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Corn Marketing Board legitimate?
Illinois Corn Marketing Board is a legitimate nonprofit organization registered as a 501(c)(5) entity. Illinois Corn Marketing Board 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: $1,044,623
For more financial information, click here
Official website here: www.ilcorn.org
What is the mission statement of Illinois Corn Marketing Board?
The Illinois Corn Marketing Board is dedicated to providing research, market development, and efficient markets for corn and corn products. Through industrial programs, they identify initiatives that advance industrial uses of corn, focusing on public education, market development, and research. The board invests check-off funds into these projects and evaluates the impact of each investment.
Official website here: www.ilcorn.org
Who is the CEO of Illinois Corn Marketing Board?
Rodney M Weinzierl is the Director of Illinois Corn Marketing Board.
Official website here: www.ilcorn.org
What is the revenue of Illinois Corn Marketing Board?
Illinois Corn Marketing Board's revenue in 2022 was $11,889,515.
Official website here: www.ilcorn.org
Who are the executives of Illinois Corn Marketing Board and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.ilcorn.org
Where can I find the form 990 for Illinois Corn Marketing Board?
Illinois Corn Marketing Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ilcorn.org
Learn more at the official website: www.ilcorn.org
Mission Statement of Illinois Corn Marketing Board
The Illinois Corn Marketing Board (ICMB) is a dedicated organization that strives to provide research, market development, and efficient markets for Illinois corn and corn products. In simple terms, ICMB focuses on advancing the industrial uses of corn through public education, market development, and research.
To achieve its mission, ICMB identifies activities related to industrial applications of corn. These activities encompass a broad spectrum, including education, market development, and research. Through the investment of check-off funds, ICMB supports projects that further these goals. The organization meticulously evaluates the impact of each investment to ensure the effectiveness of its efforts.
In essence, ICMB serves as a catalyst for innovation in the corn industry. By investing in promising projects, the organization propels the industry forward and creates new opportunities for the utilization of Illinois corn and corn products. This commitment to progress comes with the ultimate goal of benefiting the entire corn industry in Illinois. ICMB's unwavering dedication to research, market development, and efficient markets sets the organization apart as a vital player in the corn industry.
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Impact
October, 2024
The Illinois Corn Marketing Board plays a crucial role in enhancing the value and marketability of Illinois corn and its products. By focusing on research and market development, the organization works to ensure efficient markets for Illinois corn, which is vital for local farmers and the overall agricultural economy.
Through industrial programs, it identifies and promotes activities that advance the industrial uses of corn, thereby expanding its applications beyond traditional markets. This involves investing check-off funds into various projects aimed at public education, market development, and comprehensive research. Each investment is carefully evaluated to measure its impact, ensuring that resources are allocated effectively to foster growth and innovation.
The Board's initiatives not only support local farmers but also contribute to broader economic development in the region. By facilitating efficient markets and promoting the versatility of corn, the organization helps to secure the future of corn production in Illinois, benefiting stakeholders across the agricultural sector.
This information is meant to be a general summary of Illinois Corn Marketing Board. 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.
- Investment Income: $48,790
- Program Service Revenue: $11,840,467
- Gross Receipts: $11,889,515
Assets and Liabilities:
- Total Assets: $11,624,886
- Total Liabilities: $2,486,078
- Net Assets: $9,138,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHECKOFF RECEIVED
Revenue
$12,223,813
PROJECT & RESEARCH CO-FUNDING
Revenue
$46,340
REFUNDS TO PRODUCERS
Revenue
-$429,686
Organization Details
Founding Year
1979
Phone
(309) 827-0912Principal Officer
Rodney M Weinzierl
Main Address
PO BOX 487, BLOOMINGTON, IL, 617020487
Website
www.ilcorn.orgNTEE Category
Code: K20 - Food
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