Overview
What is Indiana Corn Marketing Council?
The Indiana Corn Marketing Council (ICMC) is a nonprofit organization situated in Indianapolis, Indiana. Its primary mission is to foster innovative solutions for enhancing the value of corn in Indiana, from seed to consumer. To achieve this, the ICMC, in 2021, adopted a strategic plan that outlines their activities through 2024. This plan was formulated based on industry insights, board member input, and past experiences. The strategy consists of four main focus areas: market development, sustainability, value creation, and producer engagement. Market development aims to expand international and domestic demand for corn by increasing exports to target countries and promoting ethanol infrastructure. Sustainability aims to boost the number of acres in Indiana utilizing sustainable farming practices and strengthen consumer perceptions of farm sustainability. Value creation seeks to develop new value-added markets and products from corn. Producer engagement focuses on informing Indiana farmers about checkoff programs and return on investment. Additionally, the ICMC invests in infrastructure, sound fiscal management, and board development.
Official website here: www.incornandsoy.org
Is Indiana Corn Marketing Council legitimate?
Indiana Corn Marketing Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indiana Corn Marketing Council 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:
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Official website here: www.incornandsoy.org
What is the mission statement of Indiana Corn Marketing Council?
The Indiana Corn Marketing Council (ICMC) is dedicated to promoting innovative solutions that enhance the value of corn in Indiana, from seed to consumer. Recognizing the significance of corn to the state's economy, the Indiana General Assembly enacted the Indiana Corn Market Development Statute, requiring a checkoff assessment on certain types of corn marketed in Indiana. Established as a public body corporate and politic organization, ICMC's primary role is to facilitate the corn checkoff assessment program in Indiana and communicate information regarding the conduct, implementation, or results of promotion, research, and market development activities related to corn to relevant stakeholders. It is important to note that the proceeds from the checkoff assessment may not be used to influence legislation or governmental action or policy.
Official website here: www.incornandsoy.org
Who is the CEO of Indiana Corn Marketing Council?
Courtney Kingery is the CEO of Indiana Corn Marketing Council The CEO's salary of Indiana Corn Marketing Council is $0 and their total compensation is $0.
Official website here: www.incornandsoy.org
What is the revenue of Indiana Corn Marketing Council?
Indiana Corn Marketing Council's revenue in 2024 was $5,340,164.
Official website here: www.incornandsoy.org
Who are the executives of Indiana Corn Marketing Council and what are their salaries?
There 27 volunteers at Indiana Corn Marketing Council.
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Official website here: www.incornandsoy.org
Where can I find the form 990 for Indiana Corn Marketing Council?
Indiana Corn Marketing Council's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.incornandsoy.org
Learn more at the official website: www.incornandsoy.org
Mission Statement of Indiana Corn Marketing Council
The Indiana Corn Marketing Council (ICMC), a public body corporate and political organization, is devoted to promoting innovative solutions that enhance the value of corn in Indiana, from seed to consumer. Recognizing the significant role of corn in the state's economy, the Indiana General Assembly enacted the Indiana Corn Market Development Statute, requiring a checkoff assessment on certain types of corn marketed in the state. The ICMC was established to manage this program and communicate information related to the implementation, conduct, and outcomes of promotion, research, and market development activities related to corn to relevant stakeholders. It is worth noting that the proceeds from the checkoff assessment cannot be utilized to influence legislation or governmental action or policy.
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Impact
October, 2024
The Indiana Corn Marketing Council (ICMC) significantly impacts the state's corn industry by implementing strategies aimed at enhancing the value of corn from seed to consumer. By spearheading market development initiatives, ICMC works to expand both domestic and international demand for corn products, targeting key markets such as Mexico, Vietnam, India, and South Korea.
In addition to market access, ICMC places a strong emphasis on sustainability. They aim to increase the adoption of sustainable farming practices across Indiana, thereby enhancing community awareness and promoting positive perceptions of agricultural sustainability. This focus not only benefits the environment but also supports farmers by identifying ways to reduce production costs and improve on-farm profitability.
Value creation forms another cornerstone of ICMC’s mission. They drive innovation in developing new value-added corn products and technologies, which opens up diverse markets in food, beverage, and industrial sectors.
Furthermore, ICMC is dedicated to engaging Indiana corn producers. By increasing awareness of the checkoff program and its associated benefits, they foster a stronger connection with farmers, providing additional opportunities for education and involvement.
Through careful management and strategic planning, ICMC ensures that the resources generated from corn checkoff assessments are effectively utilized to further advance the interests of Indiana’s corn industry while adhering to governance and compliance laws. This comprehensive approach not only strengthens the agricultural landscape but also supports the economic vitality of Indiana.
This information is meant to be a general summary of Indiana Corn Marketing Council. 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 2024.
- Investment Income: $98,450
- Program Service Revenue: $5,240,385
- Gross Receipts: $5,340,164
Assets and Liabilities:
- Total Assets: $4,244,161
- Total Liabilities: $1,075,417
- Net Assets: $3,168,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORN CHECK-OFF ASSESSM
Revenue
$5,240,385
Organization Details
Founding Year
1986
Principal Officer
Chantel Rammel
Website
www.incornandsoy.orgNTEE Category
Code: K20 - Food
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