Indiana Soybean Alliance Inc

Organization Overview

Indiana Soybean Alliance Inc is located in Indianapolis, IN. The organization was established in 1998. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 09/2022, Indiana Soybean Alliance Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Soybean Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 09/2022, Indiana Soybean Alliance Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $12.0m during the year ending 09/2022. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Indiana Soybean Alliance Inc has awarded 83 individual grants totaling $16,656,635. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE INDIANA SOYBEAN ALLIANCE, INC. (ISA) SPONSORS PROGRAMS FOR SOYBEAN PROMOTION, RESEARCH CONSUMER INFORMATION, INDUSTRY INFORMATION AND PRODUCER COMMUNICATIONS UNDER THE FEDERAL SPARC ACT AND ORDER. ISA IS A QUALIFIED STATE SOYBEAN BOARD (QSSB) FOR THE STATE OF INDIANA. ISA ALSO SERVES THE ORGANIZATION'S MEMBERS ON POLICY ISSUES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MARKET DEVELOPMENT HAS TWO STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS TO INCREASE LIVESTOCK AND MEAT EXPORTS. ISA ACCOMPLISHES THIS BY INVESTING IN INITIATIVES THAT INCREASE RED MEAT AND POULTRY EXPORTS TO TARGETED COUNTRIES. THE SECOND OBJECTIVE IS TO INCREASE MARKET PREFERENCE AND NUMBER OF EXPORTS FOR US SOYBEANS AND SOYBEAN PRODUCTS. THE INITIATIVES IN THIS OBJECTIVE ARE TO INCREASE EXPORTS IN TARGETED COUNTRIES, INVEST IN FEED TRIALS, UTILIZE INDUSTRY PARTNERS TO INCREASE BIODIESEL DEMAND AND TO PROMOTE CHECKOFF SUCCESS OF THESE PROGRAM EFFORTS TO DECISION MAKERS.


SUSTAINABILITY HAS THREE STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS TO CONTINUE TO INCREASE THE NUMBER OF ACRES IN INDIANA UTILIZING ENVIRONMENTALLY AND ECONOMICALLY SUSTAINABLE PRODUCTION PRACTICES BY TARGETING MEETING NUTRIENT LOSS REDUCTION GOALS IN INDIANA. THE SECOND OBJECTIVE IS TO INCREASE COMMUNITY AWARENESS OF AGRICULTURE AND ITS ECONOMIC VALUE TO THE COMMUNITY. ISA LOOKS TO DO THIS BY USING PARTNERS TO AMPLIFY MESSAGES AND CONVEYING CHECKOFF SUCCESS AND THE ECONOMIC VALUE OF AGRICULTURE TO DECISION MAKERS. THE THIRD OBJECTIVE IS TO SUPPORT EFFORTS THAT REDUCE PRODUCTION AND INPUT COSTS AND IMPROVE ON-FARM PROFITABILITY. THE INITIATIVES UNDER THIS OBJECTIVE ARE IDENTIFYING OPPORTUNITIES TO IMPROVE ON-FARM PROFITABILITY AND SEEK NON-TRADITIONAL VALUE GENERATION.


VALUE CREATION HAS THREE STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS THE INVESTMENT IN GROWTH OF HIGH-OLEIC SOYBEAN OIL FOODS AND PRODUCTS WHICH ADD VALUE TO THE SOYBEANS GROWN IN INDIANA. THE SECOND OBJECTIVE IS TO SUPPORT RESEARCH FOR DEVELOPING FOOD PRODUCTS THAT INCREASE THE VALUE OF SOYBEAN PRODUCTS. THE THIRD OBJECTIVE IS TO DEVELOP NEW INDUSTRIAL USES FOR SOYBEAN PRODUCTS, WITH A FOCUS ON PETROLEUM REPLACEMENTS.


PRODUCER ENGAGEMENT HAS TWO OBJECTIVES. THE BACKBONE OF THIS OBJECTIVE IS PROVIDING INFORMATION TO THE INDIANA PRODUCERS WE SERVE. THE FIRST OBJECTIVE IS TO INCREASE AWARENESS AND UNDERSTANDING OF THE CHECKOFF PROGRAMS AND THE RETURN ON INVESTMENT BY ALL INDIANA SOYBEAN FARMERS. THE SECOND OBJECTIVE IS TO INCREASE PRODUCER PARTICIPATION IN ISA PROGRAMS (I.E. ON-FARM PROGRAMS, SAFETY, ENVIRONMENTAL, ETC.)IN ADDITION TO THE FOUR STRATEGIC OBJECTIVES A SUCCESSFUL ORGANIZATION MUST INVEST IN INFRASTRUCTURE (PERSONNEL, MARKETING, AND TECHNOLOGY), ESTABLISH SOUND FISCAL AND FIDUCIARY MANAGEMENT PRACTICES, AND DEVELOP OUR BOARD MEMBERS TO BE LEADERS WITHIN INDIANA AGRICULTURE AND WITH NATIONAL AGRICULTURAL ORGANIZATIONS. ORGANIZATION, BOARD MANAGEMENT AND GENERAL MARKETING CONTAINS EXPENSES FOR BOARD MEETINGS, LEADERSHIP AND EDUCATIONAL DEVELOPMENT, BASE INFRASTRUCTURE FOR MARKETING EFFORTS, AND PROGRAM MANAGEMENT OF THE BOARD.SPARC ADMINISTRATION ENSURES COMPLIANCE WITH THE SPARC ACT AND ORDER AND THE GOVERNANCE OF ISA. INCLUDED IN THESE ACTIVITIES ARE BOARD ELECTIONS AND INVESTMENTS IN PROCESSES FOR REMITTANCES FROM FIRST PURCHASERS OF SOYBEANS IN INDIANA AND THE PERIODIC AUDITING OF THOSE FIRST PURCHASERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Blank Page Marketing Llc
Marketing
$323,817
Shafer's Innovation & Business Building
Consulting
$175,898
Museum Exp Llc
Project Management
$122,603
Inspire Consulting Llc
Consulting
$126,788
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $817,001
All other contributions, gifts, grants, and similar amounts not included above$92,500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$909,501
Total Program Service Revenue$11,102,242
Investment income $29,043
Tax Exempt Bond Proceeds $0
Royalties $12,034
Net Rental Income -$99,450
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 $12,342,282

Grants Awarded

Over the last fiscal year, Indiana Soybean Alliance Inc has awarded $4,395,076 in support to 17 organizations.

Grant RecipientAmount

PURDUE UNIVERSITY

Org PageRecipient Profile

West Lafayette, IN

PURPOSE: RESEARCH GRANTS

$1,215,194

US MEAT EXPORT FEDERATION

Org PageRecipient Profile

Denver, CO

PURPOSE: RESEARCH GRANTS

$860,426

US SOYBEAN EXPORT COUNCIL

Org PageRecipient Profile

Chesterfield, MO

PURPOSE: RESEARCH GRANTS

$709,495

US POULTRY & EGG ASSOCIATION

Org PageRecipient Profile

Tucker, GA

PURPOSE: RESEARCH GRANTS

$652,486

HOGAN CONSULTING LLC

PURPOSE: RESEARCH GRANTS

$145,000

DANFORTH GROUP LLC

PURPOSE: RESEARCH GRANTS

$95,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Indiana Soybean Alliance Inc has recieved totaling $74,450.

Awarding OrganizationAmount
Nature Conservancy

Arlington, VA

PURPOSE: CONSERVATION ACTIVITIES

$37,225
Nature Conservancy

Arlington, VA

PURPOSE: CONSERVATION ACTIVITIES

$37,225
View Grant Recipient Profile

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