Overview
What is Illinois Soybean Board?
The Illinois Soybean Board is a Bloomington, Illinois-based nonprofit organization with a team of 38 employees. Their primary mission is to communicate information to Illinois soybean farmers to help them become market leaders in sustainable soybean production and profitability. By ensuring Illinois soy is of the highest quality, most dependable, sustainable, and competitive in the global marketplace, the Illinois Soybean Board strives to support the growth and success of soybean farmers within the organization's reach.
Official website here: www.ilsoy.org
What are the reviews and ratings of this charity?
The Illinois Soybean Board is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator evaluates nonprofits based on several beacons, including Accountability & Finance and Impact & Measurement, but these do not apply to the Illinois Soybean Board due to its different foundation status.
The absence of a rating from Charity Navigator does not indicate a positive or negative assessment of the Illinois Soybean Board. It merely signifies that the necessary data parameters for evaluation are not applicable in this case. The organization is considered an independent entity and is listed in the IRS's Business Master File, but specific financial data like total revenue and expenses or key person's salary is not available.
Given no available user reviews on GreatNonprofits, there is no community-based feedback to draw upon. This leaves the public without direct insights into the nonprofit's operational effectiveness or community impact. Consequently, any insights into how the Board functions or its effect on stakeholders remain largely undetermined through these platforms.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Soybean Board legitimate?
Illinois Soybean Board is a legitimate nonprofit organization registered as a 501(c)(5) entity. Illinois Soybean 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: $307,873
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,871,581
For more financial information, click here
Official website here: www.ilsoy.org
What is the mission statement of Illinois Soybean Board?
The Illinois Soybean Board strives to make Illinois soybean the highest quality, most dependable, sustainable, and competitive product in the global marketplace. They communicate essential information to Illinois soybean farmers, helping them excel in sustainable soybean production and profitability. Their primary goal is to ensure the superiority of Illinois soybean in the global marketplace.
Official website here: www.ilsoy.org
Who is the CEO of Illinois Soybean Board?
Ron Kindred is the Chairperson of Illinois Soybean Board. The CEO's salary of Illinois Soybean Board is $224,990 and their total compensation is $248,713.
Official website here: www.ilsoy.org
What is the revenue of Illinois Soybean Board?
Illinois Soybean Board's revenue in 2023 was $23,904,585.
Official website here: www.ilsoy.org
Who are the executives of Illinois Soybean Board and what are their salaries?
The average compensation at Illinois Soybean Board during 2023 was $83,670. There are 38 employees at Illinois Soybean Board.
Here are 26 key members and their salaries (Illinois Soybean Board's CEO's salary is $224,990 and their total compensation is $248,713):
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- Compensation: $224,990
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- Compensation: $82,883
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- Other: $7,327
Official website here: www.ilsoy.org
Where can I find the form 990 for Illinois Soybean Board?
Illinois Soybean Board's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ilsoy.org
Learn more at the official website: www.ilsoy.org
Mission Statement of Illinois Soybean Board
The Illinois Soybean Board is dedicated to ensuring that Illinois soy is of the highest quality, most dependable, sustainable, and competitive in the global marketplace. In pursuit of this mission, the organization prioritizes effective communication as a key strategy. By disseminating pertinent information to Illinois soybean farmers, the Board strives to help them excel in sustainable soybean production and profitability. In doing so, the Illinois Soybean Board positions Illinois soy as a leader in the global market. Through its commitment to communication, the Board supports the long-term success and competitiveness of Illinois soybean farmers in the ever-evolving agricultural landscape.
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Impact
October, 2024
The Illinois Soybean Board plays a crucial role in enhancing the soybean industry by ensuring that Illinois soy is recognized as the highest quality, most dependable, sustainable, and competitive in the global marketplace. Through effective communication strategies, the Board empowers Illinois soybean farmers with the knowledge and resources needed to become market leaders in sustainable soybean production and profitability. Their efforts not only promote the economic viability of soybean farmers but also contribute to sustainable agricultural practices that align with global food demands. The Board's initiatives ultimately help strengthen the state's position in the competitive landscape of the agricultural sector.
This information is meant to be a general summary of Illinois Soybean 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 2023.
- Investment Income: $170,626
- Program Service Revenue: $23,733,959
- Gross Receipts: $24,961,442
Assets and Liabilities:
- Total Assets: $28,119,823
- Total Liabilities: $4,547,445
- Net Assets: $23,572,378
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHECK-OFF REVENUE
Revenue
$23,558,927
SPONSORSHIPS AND MISCELLANEOUS
Revenue
$175,032
Organization Details
Founding Year
1974
Phone
(309) 663-7692Principal Officer
Ron Kindred
Main Address
1108 TRINITY LANE, BLOOMINGTON, IL, 61704
Website
www.ilsoy.orgNTEE Category
Code: K20 - Food
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