Overview
What is Iowa Soybean Association?
The Iowa Soybean Association is a nonprofit organization located in Ankeny, Iowa, with a US address at 1255 SW Prairie Trail Parkway, ZIP code 50023. Their primary objective is to conduct on-farm research with the goal of stabilizing and increasing soybean yield while improving production efficiency and the environment. This mission aims to help soybean farmers become more profitable by collecting science-based information related to crop production. The association also promotes the soybean industry through various projects and programs, including research, education, promotion, and market development. The Iowa Soybean Association's team consists of 85 employees dedicated to improving conditions for soybean farmers and enhancing the quality and efficiency of their work.
Official website here: www.iasoybeans.com
What are the reviews and ratings of this charity?
The Iowa Soybean Association is not currently rated by Charity Navigator. This lack of a rating occurs because evaluations are based on multiple beacon scores, and this organization may not meet all criteria, such as being a 501(c)(3) IRS registered nonprofit, required for a full evaluation. Absence of a rating is neither positive nor negative but indicates that some assessment criteria cannot be applied.
Historically, the organization's rating would have primarily focused on accountability and finance, using Form 990 data, yet there is no detailed financial information available presently. Their independent status suggests they operate autonomously, without a parent organization or controlling entity, which might provide greater adaptability.
Without a Charity Navigator rating that includes impact and measurements, or feedback on leadership and community culture, a complete evaluation remains challenging. Additionally, the absence of user reviews on GreatNonprofits leaves a gap in public sentiment and individual experiences with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Soybean Association legitimate?
Iowa Soybean Association is a legitimate nonprofit organization registered as a 501(c)(5) entity. Iowa Soybean Association 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: $712,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,602,930
For more financial information, click here
Official website here: www.iasoybeans.com
What is the mission statement of Iowa Soybean Association?
The Iowa Soybean Association is dedicated to enhancing the livelihoods of soybean producers by advancing their industry. Through projects and programs, the organization aims to improve the quality of soybean products and foster greater efficiency in production. Specifically, their efforts encompass research, education, promotion, and market development. By investing in these areas, the Iowa Soybean Association strives to elevate the conditions for those involved in soybean farming and create higher financial returns for their occupations.
Official website here: www.iasoybeans.com
Who is the CEO of Iowa Soybean Association?
Steve Mcginnis is the Director of Iowa Soybean Association. The CEO's salary of Iowa Soybean Association is $404,383 and their total compensation is $444,389.
Official website here: www.iasoybeans.com
What is the revenue of Iowa Soybean Association?
Iowa Soybean Association's revenue in 2022 was $49,594,198.
Official website here: www.iasoybeans.com
Who are the executives of Iowa Soybean Association and what are their salaries?
The average compensation at Iowa Soybean Association during 2022 was $62,537. There are 85 employees and 161 volunteers at Iowa Soybean Association.
Here are 29 key members and their salaries (Iowa Soybean Association's CEO's salary is $404,383 and their total compensation is $444,389):
- Compensation: $1,100
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $1,200
- Related: $0
- Other: $0
- Compensation: $4,300
- Related: $0
- Other: $0
- Compensation: $2,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,300
- Related: $0
- Other: $0
- Compensation: $1,300
- Related: $0
- Other: $0
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,509
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $404,383
- Related: $8,548
- Other: $31,458
- Compensation: $139,823
- Related: $5,780
- Other: $1,966
- Compensation: $250,799
- Related: $0
- Other: $22,797
- Compensation: $163,937
- Related: $296
- Other: $28,097
- Compensation: $152,306
- Related: $25,830
- Other: $22,363
- Compensation: $181,660
- Related: $0
- Other: $29,194
- Compensation: $154,118
- Related: $0
- Other: $14,753
Official website here: www.iasoybeans.com
Where can I find the form 990 for Iowa Soybean Association?
Iowa Soybean Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iasoybeans.com
Learn more at the official website: www.iasoybeans.com
Mission Statement of Iowa Soybean Association
The Iowa Soybean Association, a renowned organization, is dedicated to enhancing the conditions of soybean farmers and elevating the quality of their produce. By promoting the soybean industry, the Association strives to create a more efficient and financially rewarding experience for those engaged in its production. To accomplish these objectives, the Iowa Soybean Association focuses on several key areas, including research, education, promotion, and market development.
By investing in research, the Association contributes to the advancement of soybean farming practices, ensuring that farmers have access to the most current and effective methods. Education is another vital component, with the Association providing opportunities for continuous learning to help farmers optimize their operations. Through promotion efforts, the Iowa Soybean Association raises awareness about the benefits of soybeans and the industry as a whole. Lastly, market development is a critical focus, as the Association works to create new opportunities and expand existing markets for soybean farmers.
In summary, the Iowa Soybean Association is a driving force behind the soybean industry, dedicated to improving the lives and livelihoods of farmers through innovative research, educational programs, effective promotional efforts, and strategic market development initiatives.
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Impact
October, 2024
The Iowa Soybean Association plays a significant role in enhancing the soybean industry by focusing on research, education, and market development. By conducting on-farm research, the organization helps stabilize and increase soybean yields while improving production efficiency and environmental sustainability. This science-based approach equips growers with essential information that aids in making informed decisions to boost profitability.
In addition to yield improvement, the Iowa Soybean Association is dedicated to bettering the overall conditions for those involved in soybean production. This includes efforts to improve product quality and increase financial returns for farmers. Through its various initiatives, the association not only supports individual growers but also contributes to the broader economic landscape of Iowa's agricultural sector, reinforcing its status as a key player in the food supply chain.
This information is meant to be a general summary of Iowa Soybean Association. 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: $125,975
- Program Service Revenue: $46,488,667
- Gross Receipts: $49,594,198
Assets and Liabilities:
- Total Assets: $41,040,308
- Total Liabilities: $8,657,891
- Net Assets: $32,382,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NATIONAL CHECKOFF ASSESSMENT
Revenue
$43,890,996
CONTRACT REVENUE
Revenue
$2,597,671
Organization Details
Founding Year
1964
Phone
(515) 251-8640Principal Officer
Steve Mcginnis
Main Address
1255 SW PRAIRIE TRAIL PARKWAY, ANKENY, IA, 50023
Website
www.iasoybeans.comNTEE Category
Code: K20 - Food
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