Illinois Corn Growers Association
- Assets
- $4.2m
- Revenue
- $4.3m
- Investments
- $74.4k
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 02/1993
- Data as of
- 09/2022
- EIN
- 37-0983416
Organization Overview
Illinois Corn Growers Association is located in Bloomington, IL. The organization was established in 1993. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. Illinois Corn Growers 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, Illinois Corn Growers Association generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $3.8m during the year ending 09/2022. While expenses have increased by 7.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND ENCOURAGE ECONOMIC OPPORTUNITIES ASSOCIATED WITH CORN PRODUCED BY ILLINOIS CORN GROWERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDUSTRIAL PROGRAMS: WORK TO ADVANCE INDUSTRIAL USES OF CORN IN ILLINOIS.
EXPORT COMMITTEE: WORK TO IDENTIFY AND ENHANCE FOREIGN AND DOMESTIC EXPORT OPPORTUNITIES FOR ILLINOIS CORN PRODUCERS.
SPECIAL PROJECTS: PROGRAMS THAT DO NOT FALL UNDER THE COMMITTEES RESPECTIVE MISSIONS INCLUDING PASSTHROUGH OF GRANT FUNDS.
GRASSROOTS COMMITTEE: WORK TO ADVANCE LEGISLATION TO THE BENEFIT OF CORN GROWERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Marr President | OfficerTrustee | 1 | $0 |
Joe Murphy Secretary | OfficerTrustee | 1 | $0 |
Terry Smith Vice President | OfficerTrustee | 1 | $0 |
Mark Bunselmeyer Treasurer | OfficerTrustee | 1 | $0 |
Mike Shane Vice Treasurer | OfficerTrustee | 1 | $0 |
Don Guinnip Exports Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $130,442 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,442 |
| Total Program Service Revenue | $4,146,906 |
| Investment income | $4,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,221 |
| 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 | $4,290,201 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $1,160,275 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,104 |
| Fees for services: Lobbying | $821,525 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $57,399 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,793 |
| Travel | $363,790 |
| 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 | $86,650 |
| Insurance | $22,946 |
| All other expenses | $0 |
| Total functional expenses | $3,769,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $477,528 |
| Savings and temporary cash investments | $2,175,000 |
| Pledges and grants receivable | $410,494 |
| Accounts receivable, net | $43,769 |
| 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 | $69,830 |
| Net Land, buildings, and equipment | $807,874 |
| Investments—publicly traded securities | $44,064 |
| Investments—other securities | $74,400 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,710 |
| Total assets | $4,165,669 |
| Accounts payable and accrued expenses | $11,265 |
| Grants payable | $0 |
| Deferred revenue | $329,215 |
| 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 | $68,302 |
| Total liabilities | $408,782 |
| Net assets without donor restrictions | $3,756,887 |
| 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 | $4,165,669 |
Grants Awarded
Over the last fiscal year, Illinois Corn Growers Association has awarded $611,431 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, IL PURPOSE: PASSTHROUGH OF NATIONAL FISH AND WILDLIFE FOUNDATION FUNDS AND MATCHING CONTRIBUTIONS FOR COVER CROP AND WATER QUALITY PROGRAMS | $548,931 |
Des Moines, IA PURPOSE: CONTRIBUTION TO AGRICULTURAL LEGAL DEFENSE FUND. | $50,000 |
Chesterfield, MO PURPOSE: EVENT SPONSORSHIP AND RENEWABLE FUEL PROMOTION. | $12,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Illinois Corn Growers Association has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Illinois Corn Marketing Board Bloomington, IL PURPOSE: PROGRAM FUNDING | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |