Overview
What is Soy Aquaculture Alliance Inc?
Soy Aquaculture Alliance Inc (SAA) is a nonprofit organization based in Ankeny, Iowa, dedicated to expanding the use of U.S. grown soybeans in aquaculture feed formulations. By funding programs and research, SAA aims to increase the utilization of soybeans in the diets of fish and shrimp, collaborating with academic and private researchers, as well as aquaculture industry leaders. SAA supports numerous research studies in independent public and private research centers, focusing on genetic, nutrition, or system trials that strengthen the domestic aquaculture industry and enhance soybean inclusion rates in aquaculture diets. The selection of research recipients and investment amounts are determined annually by the SAA board of directors, and a request for proposal process is implemented to encourage researchers to submit study outlines aligned with the organization's mission. SAA is governed by a volunteer board representing U.S. soybean farmers and industry members, with voting membership open to qualified state soybean boards and non-voting membership to public and private entities in the soy, aquaculture, and seafood industries. SAA's activities and mission revolve around promoting the use of soybeans and soy products in aquaculture, supporting the development of soy-based aquafeed, and ultimately increasing soybean demand.
Official website here: www.soyaquaalliance.com
Is Soy Aquaculture Alliance Inc legitimate?
Soy Aquaculture Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Soy Aquaculture Alliance 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.
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Official website here: www.soyaquaalliance.com
What is the mission statement of Soy Aquaculture Alliance Inc?
The Soy Aquaculture Alliance Inc, a volunteer-led organization, is committed to boosting the demand for soybeans by conducting promotional activities, research, and educational programs. Their mission is to serve as a charitable corporation, transacting lawful business while supporting the use of soybeans in aquaculture feed formulations, both domestically and internationally. The alliance funds various programs and research studies, collaborating with academic and private researchers as well as aquaculture industry leaders. These studies aim to increase the utilization of soybeans in the diets of fish and shrimp, thereby strengthening the domestic aquaculture industry and enhancing inclusion rates of soybeans in aquaculture diets. The selection of research recipients and the determination of research investments are made annually by the board of directors, who represent U.S. soybean farmers and industry members.
Official website here: www.soyaquaalliance.com
What is the revenue of Soy Aquaculture Alliance Inc?
Soy Aquaculture Alliance Inc's revenue in 2024 was $629,627.
Official website here: www.soyaquaalliance.com
Who are the executives of Soy Aquaculture Alliance Inc and what are their salaries?
There 12 volunteers at Soy Aquaculture Alliance Inc.
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Official website here: www.soyaquaalliance.com
Where can I find the form 990 for Soy Aquaculture Alliance Inc?
Soy Aquaculture Alliance Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.soyaquaalliance.com
Learn more at the official website: www.soyaquaalliance.com
Mission Statement of Soy Aquaculture Alliance Inc
The Soy Aquaculture Alliance (SAA) is dedicated to increasing the demand for soybeans and promoting their use in aquaculture feed formulations. With a mission to conduct research, provide education, and disseminate industry information, SAA aims to legally transact business for charitable purposes that do not conflict with its organization. The alliance works towards expanding the use of U.S. grown soybeans in domestic and international aquaculture feed formulations by funding programs and research. The SAA collaborates with academic and private researchers and industry leaders to increase the utilization of soybeans in fish and shrimp diets. Through genetic, nutrition, or system trials, SAA's research investments aim to strengthen the domestic aquaculture industry and promote higher inclusion rates for soybeans in aquaculture diets. The SAA is governed by a volunteer board representing U.S. soybean farmers and industry members, with voting membership open to qualified state soybean boards and non-voting membership to public and private entities in the soy, aquaculture, and seafood industries.
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Impact
October, 2024
Soy Aquaculture Alliance Inc significantly impacts the aquaculture industry by promoting the use of U.S.-grown soybeans in fish and shrimp feed formulations. By funding programs and research, SAA enhances the understanding of soybean utilization in aquaculture diets, directly supporting the growth and sustainability of the domestic aquaculture sector.
Through collaborations with academic and private researchers, as well as industry leaders, SAA helps drive innovations in nutrition and feed formulation. Their support of various research studies contributes to more robust aquaculture practices, increasing the efficiency and nutritional quality of feed, and ultimately benefiting the industry as a whole.
The alliance establishes strategic partnerships and encourages knowledge sharing, ensuring that the insights gained through research are widely disseminated among soybean farmers and aquaculture stakeholders. This mutual engagement fosters a stronger connection between soybean production and aquaculture needs, aligning industry objectives to enhance demand for soy products.
In essence, Soy Aquaculture Alliance Inc plays a pivotal role in advancing the aquaculture sector's reliance on soybeans, fostering sustainable practices, and promoting economic growth within the industry.
This information is meant to be a general summary of Soy Aquaculture Alliance 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $7,127
- Program Service Revenue: $622,500
- Gross Receipts: $629,627
Assets and Liabilities:
- Total Assets: $837,795
- Total Liabilities: $210,594
- Net Assets: $627,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$387,500
MEMBERSHIP REVENUE
Revenue
$235,000
Organization Details
Founding Year
2011
Principal Officer
Davie Stephens
Website
www.soyaquaalliance.comNTEE Category
Code: Y03 - Mutual benefit
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