Illinois Corn Growers Association
- Assets
- $6.9m
- Revenue
- $8.1m
- Investments
- $74.5k
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 02/1993
- Data as of
- 09/2023
- 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 09/2023, Illinois Corn Growers Association generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $6.4m during the year ending 09/2023. While expenses have increased by 13.8% per year over the past 8 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
2023
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.
GRASSROOTS COMMITTEE: WORK TO ADVANCE LEGISLATION TO THE BENEFIT OF CORN GROWERS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Rush President | OfficerTrustee | 1 | $0 |
Dave Rylander Vice President | OfficerTrustee | 1 | $0 |
Joe Murphy Secretary | OfficerTrustee | 1 | $0 |
Sarah Hastings Treasurer | OfficerTrustee | 1 | $0 |
Chris Gould Director | OfficerTrustee | 1 | $0 |
Garrett Hawkins Exports Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $119,724 |
| 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 | $119,724 |
| Total Program Service Revenue | $7,889,133 |
| Investment income | $77,009 |
| 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 | $8,094,087 |
| 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 | $1,218,614 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,707 |
| Fees for services: Lobbying | $3,148,314 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $71,313 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $52,883 |
| Travel | $525,834 |
| 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 | $119,318 |
| Insurance | $39,711 |
| All other expenses | $24,186 |
| Total functional expenses | $6,367,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $481,076 |
| Savings and temporary cash investments | $4,025,000 |
| Pledges and grants receivable | $1,090,609 |
| Accounts receivable, net | $104,553 |
| 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 | $126,934 |
| Net Land, buildings, and equipment | $888,893 |
| Investments—publicly traded securities | $29,880 |
| Investments—other securities | $74,490 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,697 |
| Total assets | $6,897,132 |
| Accounts payable and accrued expenses | $86,757 |
| Grants payable | $0 |
| Deferred revenue | $1,359,650 |
| 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 | $103,735 |
| Total liabilities | $1,550,142 |
| Net assets without donor restrictions | $5,346,990 |
| 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 | $6,897,132 |
Grants Awarded
Over the last fiscal year, Illinois Corn Growers Association has awarded $611,431 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ILLINOIS COUNCIL ON BEST MANAGEMENT PRACTICES PURPOSE: PASSTHROUGH OF NATIONAL FISH AND WILDLIFE FOUNDATION FUNDS AND MATCHING CONTRIBUTIONS FOR COVER CROP AND WATER QUALITY PROGRAMS | $548,931 |
AGRICULTURAL LEGAL DEFENSE FUND PURPOSE: CONTRIBUTION TO AGRICULTURAL LEGAL DEFENSE FUND. | $50,000 |
NATIONAL CORN GROWERS ASSOCIATION PURPOSE: EVENT SPONSORSHIP AND RENEWABLE FUEL PROMOTION. | $12,500 |