Overview
What is Iowa Corn Promotion Board?
The Iowa Corn Promotion Board is a nonprofit organization headquartered in Johnston, Iowa. Its primary focus revolves around investing in research and business development to create higher value industrial uses for corn. By developing new corn traits and patents, such as bioplastics and transgenic corn, they aim to increase the demand and value of corn as a raw material. The business development programs also invest in companies, leveraging these innovations to generate long-term profitability opportunities for corn growers in Iowa. The organization's mission includes developing and defending markets, funding research, and providing education on corn and corn products to ensure the long-term profitability of corn growers.
Official website here: www.iowacorn.org
What are the reviews and ratings of this charity?
The Iowa Corn Promotion Board is not currently rated by Charity Navigator. This absence of a rating doesn't imply a positive or negative assessment but rather that the organization hasn't been evaluated in specific areas such as Accountability & Finance or Impact & Measurement. Unlike 501(c)(3) organizations, which are typically assessed by Charity Navigator for tax-exempt status and the ability to receive tax-deductible contributions, Iowa Corn Promotion Board's foundation status differs, affecting the evaluation criteria.
The lack of available financial data or insights into key personnel salaries makes it challenging to assess the internal fiscal health and transparency of the organization. Furthermore, as it is not a 501(c)(3) registered nonprofit, there is no evaluation available for aspects such as Leadership & Adaptability or Culture & Community, often vital for donors seeking comprehensive insights into a nonprofit's operational dynamics.
No user reviews were found for the Iowa Corn Promotion Board on GreatNonprofits, leaving a gap in user-supplied insights, which might have provided additional perspective on their programs and impact from a firsthand point of view. Overall, the nonprofit's unavailability of financial details and its unique nonprofit status present limitations in forming a detailed understanding of its public and operational footprint.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Corn Promotion Board legitimate?
Iowa Corn Promotion Board is a legitimate nonprofit organization registered as a 501(c)(5) entity. Iowa Corn Promotion 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: $52,570
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iowacorn.org
What is the mission statement of Iowa Corn Promotion Board?
The Iowa Corn Promotion Board aims to foster long-term profitability for Iowa corn growers. They accomplish this through various activities, including developing and defending markets, funding research, and providing education about corn and corn products. The research initiatives focus on increasing the demand and value of corn as a raw material by developing higher value industrial uses and corn traits that enhance production efficiency. The board has been granted several patents for the creation of bioplastics, biochemicals, and a transgenic corn plant that improves nitrogen use efficiency. Business development programs invest in companies and leverage these patents to generate opportunities for long-term profitability.
Official website here: www.iowacorn.org
Who is the CEO of Iowa Corn Promotion Board?
Craig Floss is the Chief Executive Officer of Iowa Corn Promotion Board. The CEO's salary of Iowa Corn Promotion Board is $436,919 and their total compensation is $496,028.
Official website here: www.iowacorn.org
What is the revenue of Iowa Corn Promotion Board?
Iowa Corn Promotion Board's revenue in 2022 was $24,524,776.
Official website here: www.iowacorn.org
Who are the executives of Iowa Corn Promotion Board and what are their salaries?
There 487 volunteers at Iowa Corn Promotion Board.
Here are 15 key members and their salaries (Iowa Corn Promotion Board's CEO's salary is $436,919 and their total compensation is $496,028):
- Compensation: $436,919
- Related: $0
- Other: $59,109
- Compensation: $209,859
- Related: $0
- Other: $27,864
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $3,550
- Related: $0
- Other: $0
- Compensation: $2,850
- Related: $0
- Other: $0
- Compensation: $2,900
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,850
- Related: $0
- Other: $0
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,050
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $3,800
- Related: $0
- Other: $0
Official website here: www.iowacorn.org
Where can I find the form 990 for Iowa Corn Promotion Board?
Iowa Corn Promotion Board's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iowacorn.org
Learn more at the official website: www.iowacorn.org
Mission Statement of Iowa Corn Promotion Board
The Iowa Corn Promotion Board is a dedicated organization that strives to create long-term profitability opportunities for Iowa corn growers. With a mission centered around developing and defending markets, funding research, and providing education about corn and corn products, the Board works tirelessly to increase the demand and value of corn as a raw material.
Through its extensive research programs, the Iowa Corn Promotion Board invests in the development of higher value industrial uses for corn. By creating innovative bioplastics and biochemicals, the organization transforms corn into renewable plastic materials, opening up new opportunities for profitability. These groundbreaking initiatives have resulted in several patents being awarded to the Board, showcasing its commitment to progress and sustainability. Furthermore, research into corn traits enhances the production efficiency of growing corn, ensuring that corn growers remain competitive in the market.
In addition to research, the Iowa Corn Promotion Board's business development programs invest in companies and leverage patents to create sustainable opportunities for long-term profitability. The Board's dedication to innovation and growth extends to the development of transgenic corn plants that improve nitrogen use efficiency, further enhancing the value and efficiency of corn production. With a focus on continuous improvement and a commitment to supporting the growth and profitability of Iowa corn growers, the Iowa Corn Promotion Board is a vital catalyst for change and progress in the corn industry.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Iowa Corn Promotion Board significantly impacts the profitability and sustainability of corn growers in the state. Its focus on research and business development is instrumental in creating higher-value industrial uses for corn. By investing in innovative research programs, the Board works to improve production efficiency and develop new corn traits, which directly benefit growers.
One notable achievement includes the development of bioplastics and biochemicals, positioning corn as a valuable raw material in renewable plastic production. Additionally, the Board's efforts have led to the creation of transgenic corn plants that enhance nitrogen use efficiency, directly addressing environmental sustainability and cost management for farmers.
The Iowa Corn Promotion Board also actively defends and develops markets for corn, ensuring that growers have access to a stable and expanding demand for their products. Through strategic investments and leveraging patents, the organization fosters long-term profitability and opens new avenues for corn utilization, thus enhancing the economic viability for Iowa's corn growers. In sum, the Board plays a crucial role in advancing the corn industry and supporting the livelihoods of those who depend on it.
This information is meant to be a general summary of Iowa Corn Promotion 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: $2,034,903
- Program Service Revenue: $22,489,873
- Gross Receipts: $24,524,776
Assets and Liabilities:
- Total Assets: $28,871,996
- Total Liabilities: $167,953
- Net Assets: $28,704,043
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHECKOFF ASSESSMENT
Revenue
$22,489,873
Organization Details
Founding Year
1977
Phone
(515) 225-9242Principal Officer
Craig Floss
Main Address
5505 NW 88TH ST 100, JOHNSTON, IA, 50131
Website
www.iowacorn.orgNTEE Category
Code: K20 - Food
If you are a representative of Iowa Corn Promotion Board and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.