Overview
What is Kentucky Soybean Promotion Board In?
The Kentucky Soybean Promotion Board In is a nonprofit organization with a primary mission to boost the utilization and sales of soybeans and soybean products. Their activities are geared towards stimulating the market for these products, aiming to foster growth and development in this sector. The specifics of their operations and initiatives are not provided in the given information, but the overall goal is clear: to promote the use and sale of soybeans and soybean-derived products.
Is Kentucky Soybean Promotion Board In legitimate?
Kentucky Soybean Promotion Board In is a legitimate nonprofit organization registered as a 501(c)(5) entity. Kentucky Soybean Promotion Board In 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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What is the mission statement of Kentucky Soybean Promotion Board In?
The Kentucky Soybean Promotion Board's mission is centered around promoting and stimulating the increased use and sale of soybeans and soybean products. In essence, their goal is to foster a market for soybeans and related products, aiming to boost their consumption and distribution. This mission is crucial for supporting the soybean industry and contributing to its growth and sustainability.
Who is the CEO of Kentucky Soybean Promotion Board In?
Larry Thomas is the Chairman of Kentucky Soybean Promotion Board In.
What is the revenue of Kentucky Soybean Promotion Board In?
Kentucky Soybean Promotion Board In's revenue in 2023 was $3,598,908.
Who are the executives of Kentucky Soybean Promotion Board In and what are their salaries?
There are 5 employees at Kentucky Soybean Promotion Board In.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Kentucky Soybean Promotion Board In?
Kentucky Soybean Promotion Board In's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kentucky Soybean Promotion Board In
Kentucky Soybean Promotion Board Inc. is dedicated to fostering the growth and expansion of soybean utilization and sales. Their primary mission is to stimulate and promote the use of soybeans and soybean products in various sectors. By taking on this role, they aim to contribute to the overall development and prosperity of the soybean industry. Their objective is not just limited to promoting soybeans but also to stimulate their sales, thereby creating a robust market for soybean products.
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Impact
October, 2024
The Kentucky Soybean Promotion Board In plays a crucial role in enhancing the soybean industry in Kentucky. By promoting and stimulating the increased use and sale of soybeans and soybean products, the board fosters economic growth for farmers and local communities. This initiative supports farmers by advocating for the benefits of soybeans, helping to increase demand, and ultimately boosting profitability. Additionally, it works to educate consumers and stakeholders about the diverse applications of soybeans, which can lead to innovation in food products and other industries. Overall, the board's efforts contribute significantly to the sustainability and growth of the agricultural economy in the region.
This information is meant to be a general summary of Kentucky Soybean Promotion Board In. 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 2023.
- Investment Income: $96,736
- Program Service Revenue: $3,458,678
- Gross Receipts: $3,598,908
Assets and Liabilities:
- Total Assets: $8,228,680
- Total Liabilities: $0
- Net Assets: $8,228,680
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS-IN STATE
Revenue
$5,289,422
ASSESSMENTS-OUT-OF-STATE
Revenue
$2,632,246
OUT OF STATE REMITTANCES
Revenue
-$962,686
UNITED SOYBEAN BOARD
Revenue
-$3,500,304
Organization Details
Founding Year
1974
Phone
(270) 365-7214Principal Officer
Larry Thomas
Main Address
1001 HWY 62 WEST PO BOX 30, PRINCETON, KY, 42445
NTEE Category
Code: K20 - Food
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