American Soybean Association
- Assets
- $26.8m
- Revenue
- $40.4m
- Investments
- $312.5k
- Employees
- 2
- Location
- St Louis, MO
- Founding
- 08/1981
- Data as of
- 09/2023
- EIN
- 42-0688064
Organization Overview
American Soybean Association is located in St Louis, MO. The organization was established in 1981. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2023, American Soybean Association employed 2 individuals. This organization is a parent organization of 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 09/2023, American Soybean Association generated $40.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $40.3m during the year ending 09/2023. While expenses have increased by 8.2% 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 REPRESENT U.S. SOYBEAN FARMERS IN ACTIVITES DESIGNED TO PROMOTE SOYBEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL MARKETING (IM) ACTIVITIES INCLUDES ACTIVITIES AND PROJECTS IMPLEMENTED BY WISHH AND USSEC.
PROGRAMS, MEETINGS, AND EVENTS INCLUDES ACTIVITIES AND PROJECTS OF THE ASSOCIATION'S INDUSTRY RELATIONS SPONSORED PROGRAMS, INCLUDING DEVELOPMENT AND TRAINING PROGRAMS, COMMODITY CLASSIC, CONSERVATION PROGRAMS, ETC., AS WELL AS THE ASSOCIATION'S ACTION PARTNERSHIP AND THE ASSOCIATION'S INNOVATION TO MARKET PROGRAMS. OVERHEAD COST IS ALLOCATED TO PROGRAMS, MEETINGS, AND EVENTS ON BOTH A HEADCOUNT AND USAGE BASIS.
GOVERNMENT AFFAIRS TEAM ADVOCATES AND EDUCATION TO THE U.S. FEDERAL GOVERNMENT IN BOTH THE EXECUTIVE AND LEGISLATIVE BRANCH, INCLUDE AGENCIES SUCH AS U.S. DEPARTMENT OF AGRICULTURE AND THE ENVIRONMENTAL PROTECTION AGENCY. ISSUES THE ASSOCIATION ADVOCATE FOR INCLUDE THE FARM ECONOMY, TRADE, TRADE AGREEMENTS, FUNDING MARKET DEVELOPMENT PROGRAMS, INFRASTRUCTURE, BIODIESEL, ETC. OVERHEAD COST IS ALLOCATED TO GOVERNMENT AFFAIRS ON BOTH A HEADCOUNT AND USAGE BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Brad Doyle Chairman | OfficerTrustee | 8 | $0 |
Daryl Cates President | OfficerTrustee | 8 | $0 |
Joshua D Gackle Vice President | OfficerTrustee | 8 | $0 |
Scott Metzger Treasurer | OfficerTrustee | 6 | $0 |
Caleb Ragland Secretary | OfficerTrustee | 6 | $0 |
Charles Atkinson Director | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evergreen Strategies Llc Program Implementation Services | 9/29/23 | $242,265 |
Karen Coble Edwards Communication Services | 9/29/23 | $246,491 |
Auburn University Program Implementation Services | 9/29/23 | $197,522 |
Production Resource Group Llc Program Implementation Services | 9/29/23 | $121,371 |
Joshua Dylan Neiderman Dba Aed Svcs Ll Program Implementation Services | 9/29/23 | $152,248 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,387,139 |
| 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 | $27,387,139 |
| Total Program Service Revenue | $10,791,687 |
| Investment income | $196,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $615,000 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,879 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,430,979 |
| 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. | $657,696 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,217,771 |
| Pension plan accruals and contributions | $442,281 |
| Other employee benefits | $204,917 |
| Payroll taxes | $313,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,573 |
| Fees for services: Accounting | $40,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,786 |
| Fees for services: Other | $6,051,354 |
| Advertising and promotion | $0 |
| Office expenses | $339,999 |
| Information technology | $84,796 |
| Royalties | $0 |
| Occupancy | $495,334 |
| Travel | $1,747,129 |
| 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 | $0 |
| Insurance | $95,476 |
| All other expenses | $38,052 |
| Total functional expenses | $40,253,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,352,162 |
| Savings and temporary cash investments | $1,361,977 |
| Pledges and grants receivable | $3,585,236 |
| Accounts receivable, net | $3,628,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,178 |
| Prepaid expenses and deferred charges | $470,468 |
| Net Land, buildings, and equipment | $223,454 |
| Investments—publicly traded securities | $7,750,134 |
| Investments—other securities | $312,500 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,322 |
| Total assets | $26,796,984 |
| Accounts payable and accrued expenses | $6,619,515 |
| Grants payable | $598,772 |
| Deferred revenue | $8,636,357 |
| 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 | $44,953 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,064,907 |
| Total liabilities | $18,964,504 |
| Net assets without donor restrictions | $7,832,480 |
| 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 | $26,796,984 |