Wisconsin Corn Promotion Board Inc
- Assets
- $1.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Lisbon, WI
- Founding
- 08/1983
- Data as of
- 09/2022
- EIN
- 39-1444851
Organization Overview
Wisconsin Corn Promotion Board Inc is located in Lisbon, WI. The organization was established in 1983. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Corn Promotion Board Inc 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, Wisconsin Corn Promotion Board Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.9m during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Wisconsin Corn Promotion Board Inc has awarded 11 individual grants totaling $492,066. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND EXPAND SALES OF CORN GROWN IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WISCONSIN CORN PROMOTION BOARD DIRECTS RESEARCH, NEW PRODUCT DEVELOPMENT, INTERNATIONAL MARKETING AND EDUCATION TO EXPAND THE MARKET OPPORTUNITIES AND SALES OF WISCONSIN CORN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Gillis President | OfficerTrustee | 1 | $0 |
Ryan Ripp Vice President | OfficerTrustee | 1 | $0 |
Jim Birchman Secretary/treasurer | OfficerTrustee | 1 | $0 |
Nicole Wagner Executive Director | Officer | 20 | $0 |
Randy Woodruff Director | Trustee | 1 | $0 |
Cal Dalton Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,450,732 |
| Investment income | $1,706 |
| 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 | $1,462,064 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $114,623 |
| 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. | $102,395 |
| Compensation of current officers, directors, key employees. | $102,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,003 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,084 |
| Fees for services: Accounting | $7,507 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,503 |
| Advertising and promotion | $1,109,821 |
| Office expenses | $8,518 |
| Information technology | $4,668 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $77,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,285 |
| Interest | $0 |
| Payments to affiliates | $393,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,166 |
| All other expenses | $0 |
| Total functional expenses | $1,888,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,043,294 |
| 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 | $1,043,294 |
| 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 | $1,043,294 |
| 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 | $1,043,294 |
Grants Awarded
Over the last fiscal year, Wisconsin Corn Promotion Board Inc has awarded $113,624 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Madison, WI PURPOSE: APPROVED RESEARCH | $69,869 |
Elkhorn, WI PURPOSE: NITROGEN FIXING RESEARCH | $37,088 |
Johnston, IA PURPOSE: DEFC INITIAL RESEARCH | $6,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Michigan Farm Bureau Lansing, MI | $21,991,749 | $13,489,298 |
Michigan Dairymens Market Program Novi, MI | $2,715,772 | $11,716,586 |
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
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 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |