Iowa Corn Growers Association
- Assets
- $20.3m
- Revenue
- $21.0m
- Investments
- $7.9m
- Employees
- 39
- Location
- Johnston, IA
- Founding
- 01/1980
- Data as of
- 08/2023
- EIN
- 42-1036179
Organization Overview
Iowa Corn Growers Association is located in Johnston, IA. The organization was established in 1980. 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 08/2023, Iowa Corn Growers Association employed 39 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Iowa 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 08/2023, Iowa Corn Growers Association generated $21.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $20.2m during the year ending 08/2023. While expenses have increased by 0.7% 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.
Since 2015, Iowa Corn Growers Association has awarded 204 individual grants totaling $52,847,042. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH: THE IOWA CORN GROWERS ASSOCIATION RESEARCH IS CENTERED ON DEVELOPING NEW USES FOR CORN AND IMPROVING THE PRODUCTION EFFICIENCY OF GROWING CORN. IT IS IMPERATIVE THAT WE DISCOVER NEW USES TO HELP CREATE DEMAND FOR THE SURPLUS CROP. IN ADDITION, WE FUND RESEARCH TO IMPROVE EFFICIENCY AND REDUCE THE ENVIRONMENTAL IMPACT OF CORN PRODUCTION. THIS IS THE KEY TO ADVANCING THE INDUSTRY AND IS IMPORTANT FOR THE FUTURE ECONOMIC VIABILITY OF CORN FARMERS ACROSS THE NATION. SEVERAL PATENTS HAVE BEEN AWARDED FOR THE DEVELOPMENT OF BIOPLASTICS AND BIOCHEMICALS TO MAKE RENEWABLE PLASTIC MATERIAL. IN ADDITION, IOWA CORN HAS BEEN AWARDED A PATENT FOR A TRANSGENIC CORN PLANT THAT IMPROVES NITROGEN USE EFFICIENCY.
IOWA CORN OPPORTUNITIES, LLC (ICO), IOWA CORN GROWERS ASSOCIATION'S WHOLLY OWNED SUBSIDIARY, BEGAN OPERATIONS DURING THE YEAR ENDED AUGUST 31, 2008 AND WAS FORMED PRIMARILY TO PROVIDE FINANCIAL AND ORGANIZATIONAL SUPPORT TO PROJECTS THAT WILL PROVIDE A DEMONSTRATABLE BENEFIT TO IOWA CORN PRODUCERS. IOWA CORN OPPORTUNITIES BELIEVES IN A STRONG AGRICULTURAL ECONOMY WHERE FARMERS AND RURAL COMMUNITIES GAIN INCREASING BENEFITS AND PROFITS WHILE INVESTING IN NEW AGRICULTURAL BUSINESS OPPORTUNITIES. IOWA CORN OPPORTUNITIES MISSION IS TO ASSIST NEW AND GROWING COMPANIES IN DEVELOPING STRATEGIES FOR GROWTH AND PROFITABILITY, LEVERAGE INVESTMENT OPPORTUNITIES TO CREATE FUTURE PROFIT OPPORTUNITIES FOR CORN GROWERS, AND GENERATE A PROFITABLE RETURN TO USE IN CONTINUED INVESTMENTS TO CREATE NEW OPPORTUNITIES FOR CORN GROWERS.
MARKET DEVELOPMENT: THE BEST WAY TO ENHANCE GROWER PROFITABILITY IS TO CREATE NEW DEMAND FOR CORN IN ALL FORMS. THE IOWA CORN GROWERS ASSOCIATION'S (ICGA) INVESTMENT IN US GRAINS COUNCIL AND THE US MEAT EXPORT FEDERATION HAS HELPED INCREASE DEMAND FOR US CORN IN ALL FORMS AROUND THE WORLD, AND ALSO HELPED PROFITABILITY OF FARMERS IN IOWA AND AROUND THE COUNTRY. THE ICGA WORKS TO REDUCE TRADE BARRIERS FOR CORN AND LIVESTOCK AROUND THE WORLD TO INCREASE ACCESS TO EXPORT MARKETS FOR US FARMERS. ICGA WORKS TO EXPAND MARKETS FOR FOOD, FEED AND FUEL. ETHANOL IS A KEY MARKET FOR IOWA'S FARMERS, AND ICGA WORKS TO MAINTAIN MARKET ACCESS FOR ETHANOL ACROSS THE U.S. AND TO REMOVE REGULATORY BARRIERS FOR HIGHER BLENDS OF ETHANOL.
EDUCATION/PROMOTION: THE IOWA CORN GROWERS ASSOCIATION (ICGA) EDUCATIONAL PROGRAMS WORK TO REACH BOTH FARMER AND CONSUMER AUDIENCES ABOUT THE ECONOMIC AND ENVIRONMENTAL VITALITY OF THE CORN INDUSTRY IN THE STATE OF IOWA. EDUCATION ABOUT CORN AND THE 4,000 PRODUCTS MADE FROM CORN HAPPENS THROUGH EARNED MEDIA, ADVERTISING, PROMOTIONAL EVENTS, AND THE IOWA CORN MOBILE EDUCATION CENTER (ICMEC). FARMER TO FARMER EDUCATION ON WATER QUALITY AND CONSERVATION METHODS OCCURS AT CROP FAIRS, STEWARDSHIP ADVOCATE EVENTS, AND OTHER FIELD DAYS. DISTRICT AND COUNTY ORGANIZATIONS PARTNER WITH ICGA ON CONSUMER AND FARMER EDUCATIONAL AND PROMOTIONAL EFFORTS. ICGA WORKS TO EDUCATE POLICY MAKERS ABOUT THE PRIORITIES SET FORWARD BY MEMBERSHIP AND IMPLEMENTED BY THE BOARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Floss Chief Executive Officer | Officer | 40 | $464,858 |
Brian R Jones Chief Operating Officer | Officer | 40 | $265,373 |
Mindy Larsen Poldberg Director Of Gov't Relation | Officer | 40 | $207,297 |
Rodney Williamson Director Of Research & Dev | Officer | 40 | $222,904 |
Julie Kirby Director Of Finance & Ops | Officer | 40 | $215,316 |
Shannon Textor Director Of Communications | 40 | $173,410 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Avn Corporation Research Projects | 8/30/23 | $489,345 |
Next Step Advertising Advertising | 8/30/23 | $522,704 |
Bing Bang Llc Promotion Agency | 8/30/23 | $211,362 |
Morganmyers Promotion Agency | 8/30/23 | $167,309 |
University Of Central Florida Research Projects | 8/30/23 | $156,456 |
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 | $88,640 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,640 |
| Total Program Service Revenue | $20,718,692 |
| Investment income | $150,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$73,696 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,970,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,571,420 |
| 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. | $1,721,341 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,038,048 |
| Pension plan accruals and contributions | $244,853 |
| Other employee benefits | $148,356 |
| Payroll taxes | $240,938 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,033 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $155,140 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,303,512 |
| Advertising and promotion | $1,746,067 |
| Office expenses | $26,996 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,666 |
| Travel | $392,756 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,437 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,731 |
| Insurance | $119,009 |
| All other expenses | $398,468 |
| Total functional expenses | $20,156,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,730,775 |
| Savings and temporary cash investments | $4,114,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $191,671 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,002,342 |
| Net Land, buildings, and equipment | $1,763,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,888,657 |
| Investments—program-related | $75,022 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,266,725 |
| Accounts payable and accrued expenses | $1,190,333 |
| Grants payable | $0 |
| Deferred revenue | $224,645 |
| 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 | $1,885,288 |
| Total liabilities | $3,300,266 |
| Net assets without donor restrictions | $16,690,183 |
| Net assets with donor restrictions | $276,276 |
| 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 | $20,266,725 |
Grants Awarded
Over the last fiscal year, Iowa Corn Growers Association has awarded $9,546,420 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
US GRAINS COUNCIL PURPOSE: SUPPORT FOREIGN TRADE & CORN MARKET DEVELOPMENT | $3,441,285 |
NATIONAL CORN GROWERS ASSOCIATION PURPOSE: GENERAL SUPPORT | $3,119,000 |
US MEAT EXPORT FEDERATION PURPOSE: SUPPORT FOREIGN TRADE & CORN MARKET DEVELOPMENT | $2,254,000 |
IOWA AGRICULTURE WATER ALLIANCE PURPOSE: WATER QUALITY & NUTRIENT SUPPORT | $270,000 |
IOWA STATE UNIVERSITY PURPOSE: RESEARCH GRANT | $100,750 |
WORLD FOOD PRIZE FOUNDATION PURPOSE: SUPPORT OF PROGRAMS & ACTIVITIES | $60,000 |