North Carolina Soybean Producers Association Inc

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

EIN: 560887931 ✦ Raleigh, NC ✦ Designated as a 501(c)(5)

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Overview

What is North Carolina Soybean Producers Association Inc?

The North Carolina Soybean Producers Association Inc is a nonprofit organization that focuses on the promotion of soybeans. They accomplish this through various agricultural programs. Their mission is driven by education, research, and development, contributing significantly to their annual revenue of $1,780,194. The association serves as a vital resource for soybean farmers in North Carolina, fostering growth and advancement within the soybean industry.


Official website here: www.ncsoy.org

Is North Carolina Soybean Producers Association Inc legitimate?

North Carolina Soybean Producers Association Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. North Carolina Soybean Producers Association 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: $152,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,893

For more financial information, click here


Official website here: www.ncsoy.org

What is the mission statement of North Carolina Soybean Producers Association Inc?

The North Carolina Soybean Producers Association Inc's mission is primarily focused on promoting soybeans. They achieve this through various means, including education, research, and development. Their activities are geared towards advocating for and advancing the soybean industry. Last year, they generated a significant revenue of $1,780,194 from their agricultural programs.

In simpler terms, the association works to enhance the soybean sector by providing necessary knowledge, conducting research, and developing new methods. Their operations resulted in substantial financial gains, indicating their effectiveness and impact in the soybean industry.


Official website here: www.ncsoy.org

Who is the CEO of North Carolina Soybean Producers Association Inc?

Charles Hall is the Soypac Chair of North Carolina Soybean Producers Association Inc. The CEO's salary of North Carolina Soybean Producers Association Inc is $152,718 and their total compensation is $163,408.


Official website here: www.ncsoy.org

What is the revenue of North Carolina Soybean Producers Association Inc?

North Carolina Soybean Producers Association Inc's revenue in 2023 was $2,484,273.


Official website here: www.ncsoy.org

Who are the executives of North Carolina Soybean Producers Association Inc and what are their salaries?

The average compensation at North Carolina Soybean Producers Association Inc during 2023 was $76,522. There are 5 employees at North Carolina Soybean Producers Association Inc.


Here are 38 key members and their salaries (North Carolina Soybean Producers Association Inc's CEO's salary is $152,718 and their total compensation is $163,408):


Michael Mcpherson (Soypac Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reginald Strickland (Usb Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Collin Smithson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Potter (Usb Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Thomas (Asa Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reggie Baker (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Bland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Kirk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Porter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Reid Gelderman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Gore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Forrest Howell (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duncan Malloy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade Stanaland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Logan Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Mills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jarman Sullivan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grayson Wells (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Bennett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colin Brickhouse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Locklear (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thad Sharp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Batten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Collins Bullard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Caldwell (Executive Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Corriher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Farmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Fleming (Asa Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamie Carrick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Hoffner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cole Phillips (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Hendrix (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Heath (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Sloop (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trey Liverman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Hall (Chief Executive Officer)
  • Compensation: $152,718
  • Related: $0
  • Other: $10,690


Official website here: www.ncsoy.org

Where can I find the form 990 for North Carolina Soybean Producers Association Inc?

North Carolina Soybean Producers Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.ncsoy.org

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

Mission Statement of North Carolina Soybean Producers Association Inc

The North Carolina Soybean Producers Association, as a nonprofit organization, is committed to the promotion of soybeans. They achieve this objective through various initiatives that include education, research, and development. This association operates agricultural programs with a focus on soybeans and reported generating a total revenue of $1,780,194 last year. Their mission involves fostering the growth and success of soybean production within the state, thereby contributing to the agricultural sector as a whole.

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Impact



October, 2024

The North Carolina Soybean Producers Association Inc plays a vital role in promoting soybeans within the agricultural sector through targeted education, research, and development initiatives. Their efforts directly support farmers by providing valuable resources and knowledge that enhance soybean production and efficiency. With total revenues of $1,780,194 last year, the association is well-equipped to invest in programs that drive innovation and sustainability in soybean farming.

Operating from Raleigh, NC, the association focuses on a mission that not only benefits producers but also impacts the broader food industry. By advancing soybean cultivation techniques and promoting the importance of soybeans as a staple crop, they contribute to the vitality of local and regional economies. Furthermore, their commitment to education and research fosters a more informed farming community, which is essential for adapting to changing agricultural practices and market demands. The association's activities ensure that the soybean sector remains a significant player in North Carolina's agricultural landscape.



This information is meant to be a general summary of North Carolina Soybean Producers Association 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
$2,484,273 (2023)
Expenses
$1,989,637 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $25,053
  • Program Service Revenue: $2,413,968
  • Gross Receipts: $2,484,273

Assets and Liabilities:

  • Total Assets: $5,647,508
  • Total Liabilities: $17,097
  • Net Assets: $5,630,411

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Programs

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

SOYBEAN ASSESSMENTS

Revenue

$2,406,068

Organization Details

Founding Year

1966

Phone

(919) 839-5700

Principal Officer

Charles Hall

Main Address

3600 HAWORTH DRIVE 2, RALEIGH, NC, 27609

Website

www.ncsoy.org

NTEE Category

Code: K20 - Food

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