Ohio Soybean Council Foundation
- Assets
- $437.2k
- Revenue
- $113.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Worthington, OH
- Founding
- 11/2004
- Data as of
- 09/2022
- EIN
- 30-0269930
Organization Overview
Ohio Soybean Council Foundation is located in Worthington, OH. The organization was established in 2004. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Soybean Council Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Ohio Soybean Council Foundation generated $113.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $133.5k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN EDUCATIONAL AND SCIENTIFIC ACTIVITIES DEDICATED TO THE IMPROVEMENT OF SOYBEAN PRODUCTION AND MARKETING PRACTICES AND THE DEVELOPMENT OF NEW USES OF SOYBEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENGAGE IN EDUCATIONAL AND SCIENTIFIC ACTIVITIES DEDICATED TO THE IMPROVEMENT OF SOYBEAN PRODUCTION AND MARKETING PRACTICES AND THE DEVELOPMENT OF NEW USES OF SOYBEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bayliss Vice Chairma | Officer | $0 | |
Nathan Eckel Secretary | Officer | $0 | |
Kirk Merritt Executive Di | Officer | $0 | |
Jeff Magyar Chairman | Officer | $0 | |
Cindy Layman Treasurer | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,250 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,250 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $113,250 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,389 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $133,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $437,223 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $437,223 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $437,223 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ohio Soybean Council Foundation has recieved totaling $53,250.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: HEALTH | $40,000 |
Martha Holden Jennings Foundation Cleveland, OH PURPOSE: A-71-21 CHICKQUEST: A LIFE CYCLE JOURNEY | $13,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chester County Food Bank Exton, PA | $14,718,999 | $9,745,576 |
Eastern Market Corporatioin Detroit, MI | $12,535,453 | $5,663,087 |
State Fair Of West Virginia Inc Lewisburg, WV | $7,745,539 | $6,147,107 |
Ohio Restaurant Assn Columbus, OH | $2,879,456 | $2,138,506 |
City Market Inc Bay City, MI | $0 | $954,437 |
Mason County Fair Inc Point Pleasant, WV | $309,354 | $907,373 |
Common Market Mid-Atlantic Incorporated Philadelphia, PA | $1,938,202 | $6,499,769 |
Grand Rapids Downtown Market Education Foundation Grand Rapids, MI | $961,102 | $1,653,390 |
Louisville Grows Inc Louisville, KY | $561,055 | $787,169 |
Urban Creators Philadelphia, PA | $367,166 | $665,737 |
Michigan Farmers Market Association East Lansing, MI | $449,598 | $616,537 |
Wine And Spirits Wholesalers Of Kentucky Louisville, KY | $1,342,471 | $862,988 |