Texas Soybean Board Inc

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

EIN: 731523323 ✦ Lubbock, TX ✦ Designated as a 501(c)(6)

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Overview

What is Texas Soybean Board Inc?

Texas Soybean Board Inc is a nonprofit organization situated in Lubbock, Texas. Their primary mission involves collecting funds from local soybean producers, which are then utilized to establish market development, promotion, and research programs. These initiatives aim to foster growth in the soybean industry and enhance soybean production within Texas. By providing resources for these programs, Texas Soybean Board Inc aims to contribute positively to the overall well-being and profitability of the Texas soybean sector.


Official website here: www.texassoybeans.org

Is Texas Soybean Board Inc legitimate?

Texas Soybean Board Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texas Soybean Board 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.texassoybeans.org

What is the mission statement of Texas Soybean Board Inc?

The Texas Soybean Board collects funds from local soybean producers to drive market development, promotion, and research initiatives. Their mission is geared towards benefiting the Texas soybean industry as a whole. By implementing these programs, they aim to foster growth in the market and improve soybean production. The board's activities focus on providing resources that can boost the industry's overall performance.


Official website here: www.texassoybeans.org

Who is the CEO of Texas Soybean Board Inc?

David Gibson is the Executive Ad of Texas Soybean Board Inc.


Official website here: www.texassoybeans.org

What is the revenue of Texas Soybean Board Inc?

Texas Soybean Board Inc's revenue in 2023 was $154,137.


Official website here: www.texassoybeans.org

Who are the executives of Texas Soybean Board Inc and what are their salaries?


Here are 8 key members and their salaries:


David Gibson (Executive Ad)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Berglund (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Scott (Vice-Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wade Cowan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trent Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chase Hickman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Raulston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Samuel Sparks Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.texassoybeans.org

Where can I find the form 990 for Texas Soybean Board Inc?

Texas Soybean Board Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.texassoybeans.org

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

Mission Statement of Texas Soybean Board Inc

The Texas Soybean Board, a notable organization, is dedicated to accumulating funds from local soybean producers. Its primary mission is to utilize these funds for the establishment and execution of market development, promotion, and research initiatives. The ultimate goal is to bolster the Texas soybean industry by providing resources that foster market expansion and enhance soybean production. By implementing these programs, the Texas Soybean Board aims to contribute positively to the livelihoods of soybean farmers and the industry as a whole.

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Impact




October, 2024

Texas Soybean Board Inc plays a crucial role in enhancing the soybean industry in Texas. By collecting funds from soybean producers, it invests in market development and promotional initiatives that aim to expand the market reach for Texas-grown soybeans. Additionally, the board prioritizes research programs that provide valuable insights and innovations to improve soybean production practices. Located in Lubbock, TX, the board's efforts not only aim to bolster the economic viability of soybean farming but also contribute to the overall growth and sustainability of the agricultural landscape in the region. Through these programs, Texas Soybean Board Inc directly impacts the livelihoods of local farmers and the overall health of the Texas agricultural economy.




This information is meant to be a general summary of Texas Soybean Board 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
$154,137 (2023)
Expenses
$156,767 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $7,336
  • Program Service Revenue: $146,801
  • Gross Receipts: $154,137

Assets and Liabilities:

  • Total Assets: $209,657
  • Total Liabilities: $0
  • Net Assets: $209,657

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Programs

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

SOYBEAN ASSESSMENTS

Revenue

$146,801

Organization Details

Founding Year

1997

Principal Officer

David Gibson

Main Address

4205 N I-27, LUBBOCK, TX, 79403

NTEE Category

Code: K20 - Food

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