American Soybean Association is located in St Johns, MI. The organization was established in 1981. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Soybean Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2022, American Soybean Association generated $179.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $170.3k during the year ending 09/2022. While expenses have increased by 5.4% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PUBLICATION OF MAGAZINE PROVIDING INFORMATION TO SOYBEAN FARMERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Larry Phelps Treasurer | 0 | $0 | |
Kyle Crumbaugh Director | 0 | $0 | |
Heather Feuerstein President | 0 | $0 | |
Tom Woelmer Director | 0 | $0 | |
Nicholas Stone Director | 0 | $0 | |
Pj Feldpausch Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $18,101 |
Total Program Service Revenue | $138,518 |
Membership dues | $22,683 |
Investment income | $240 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $179,542 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $11,534 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $74,070 |
Other expenses | $84,722 |
Total expenses | $170,326 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $223,950 |
Other assets | $0 |
Total assets | $223,950 |
Total liabilities | $29,656 |
Net assets or fund balances | $194,294 |
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