Wisconsin Soybean Marketing Board Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391471066 ✦ Madison, WI ✦ Designated as a 501(c)(5)

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Overview

What is Wisconsin Soybean Marketing Board Inc?

Wisconsin Soybean Marketing Board Inc, located at 4414 Regent Street, Madison, Wisconsin, is a nonprofit organization dedicated to supporting projects that discover new applications for soybeans. The primary task of this organization is to manage the Wisconsin Soybean marketing order, which involves expanding and sustaining the market for soybeans and soybean products. To accomplish its objectives, the board contracts with various organizations. This nonprofit's work aims to foster the growth and utilization of soybeans, ultimately contributing to the economy and agriculture sector of the state.


Official website here: www.wisoybean.org

Is Wisconsin Soybean Marketing Board Inc legitimate?

Wisconsin Soybean Marketing Board Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Wisconsin Soybean Marketing Board 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wisoybean.org

What is the mission statement of Wisconsin Soybean Marketing Board Inc?

The Wisconsin Soybean Marketing Board Inc's mission involves managing a marketing order for soybeans and soybean products. Their primary objective is to expand and maintain the sales of these products. To accomplish this, they enter into contracts with various organizations. Furthermore, they support projects that aim to discover new applications for soybeans. In essence, the Board's purpose is to boost the market for soybeans and soybean products while exploring innovative uses for this agricultural commodity.


Official website here: www.wisoybean.org

Who is the CEO of Wisconsin Soybean Marketing Board Inc?

Jonathan Gibbs is the Executive Director Through 4 of Wisconsin Soybean Marketing Board Inc.


Official website here: www.wisoybean.org

What is the revenue of Wisconsin Soybean Marketing Board Inc?

Wisconsin Soybean Marketing Board Inc's revenue in 2023 was $8,375,418.


Official website here: www.wisoybean.org

Who are the executives of Wisconsin Soybean Marketing Board Inc and what are their salaries?


Here are 9 key members and their salaries:


Robert Karls (Executive Director Through 4)
  • Compensation: $0
  • Related: $57,497
  • Other: $7,416
Kevin Bork (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Bauer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Wilkens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Wagenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mullooly (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Smenteck (Interim Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Gibbs (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Bensend (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.wisoybean.org

Where can I find the form 990 for Wisconsin Soybean Marketing Board Inc?

Wisconsin Soybean Marketing Board Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.wisoybean.org

Learn more at the official website: www.wisoybean.org

Mission Statement of Wisconsin Soybean Marketing Board Inc

Wisconsin Soybean Marketing Board Inc, in its mission, oversees the Wisconsin Soybean marketing order with the aim of increasing and maintaining the market for soybeans and soybean products. To accomplish this objective, the organization enters into agreements with various entities. The primary focus of Wisconsin Soybean Marketing Board Inc is to support projects that explore new applications for soybeans, thereby enhancing their market value and promoting their use in a variety of industries. By managing the marketing order effectively, the organization contributes to the growth and sustainability of the soybean industry in Wisconsin.

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Impact




October, 2024

The Wisconsin Soybean Marketing Board Inc plays a crucial role in enhancing the state's soybean industry. By managing the Wisconsin Soybean marketing order, the board focuses on expanding and maintaining sales for soybeans and soybean products, which significantly supports local farmers and the agricultural economy.

The board actively contracts with various organizations to pursue initiatives that meet its objectives. One of its key impacts is supporting projects that develop new uses for soybeans, which not only opens up additional markets but also enhances the value of soybeans produced by Wisconsin farmers.

Located in Madison, WI, the board's efforts contribute to a robust framework for marketing and promoting soybeans, ensuring that Wisconsin remains a competitive player in the agricultural sector while fostering innovation and sustainability within the industry.




This information is meant to be a general summary of Wisconsin Soybean Marketing Board 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.

Revenue
$8,375,418 (2023)
Expenses
$7,053,075 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $290,492
  • Program Service Revenue: $8,084,926
  • Gross Receipts: $8,375,418

Assets and Liabilities:

  • Total Assets: $10,609,419
  • Total Liabilities: $0
  • Net Assets: $10,609,419

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Assessments

Revenue

$7,032,237

Assessments - QSSBs

Revenue

$1,052,689

Organization Details

Founding Year

1983

Principal Officer

Jonathan Gibbs

Main Address

4414 Regent Street, Madison, WI, 537054961

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