North Central Soybean Research Program
- Assets
- $2.0m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Ankeny, IA
- Founding
- 07/1993
- Data as of
- 09/2022
- EIN
- 42-1394799
Organization Overview
North Central Soybean Research Program is located in Ankeny, IA. The organization was established in 1993. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Central Soybean Research Program is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, North Central Soybean Research Program generated $3.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $3.7m during the year ending 09/2022. 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
COORDINATE SOYBEAN RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH PROJECTS - NCSRP ENCOURAGES INTRA- AND INTER- UNIVERSITY COLLABORATIVE RESEARCH PROGRAMS, THEREBY REDUCING DUPLICATIVE RESEARCH EFFORTS. NCSRP ALSO SUPPORTS WORKSHOPS AND RESULTS-ORIENTED RESEARCH REVIEWS, PUBLICATIONS, BULLETINS AND AN ANNUAL REPORT TO ACCELERATE THE DEVELOPMENT AND RELEASE OF NOVEL DATA, INFORMATION AND STRATEGIES FOR INCREASING SOYBEAN YIELD, SOYBEAN QUALITY IMPROVEMENT, SOYBEAN YIELD PRESERVATION AND DISEASE, AND INSECT AND ABIOTIC STRESS MANAGEMENT.
DATABASE AND COMMUNICATIONS - NCSRP SUPPORTS AND CONTRIBUTES PROJECT AND PROGRAM OVERVIEWS AND DETAILED PROGRESS UPDATES TO THE NATIONAL SOYBEAN CHECKOFF RESEARCH DATABASE. NCSRP ALSO FOSTERS INCREASED COMMUNICATION AMONG RESEARCHERS, WITH FARMERS, WITH COMPANIES, AND WITH OTHER INTERESTED PARTIES AND STAKEHOLDERS THROUGH MEETINGS, FIELD DAYS, AND THE SOYBEAN RESEARCH & INFORMATION INITIATIVE (SRII) WEBSITE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Wagenson Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Ed Cagney President | OfficerTrustee | 0.5 | $0 |
Suzanne Shirbroun Vice President | OfficerTrustee | 0.5 | $0 |
Steve Mcginnis Chief Financial Officer | Officer | 0.5 | $0 |
Ed Anderson Executive Director | Officer | 8 | $0 |
Justin Rone Director | Trustee | 0.5 | $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 | $3,680,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,680,000 |
| Total Program Service Revenue | $105,510 |
| Investment income | $7,972 |
| 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 | $3,793,482 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,591,098 |
| Advertising and promotion | $2,230 |
| Office expenses | $2,622 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,917 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $78,925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,733,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,143,108 |
| Savings and temporary cash investments | $864,259 |
| 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 | $2,007,367 |
| 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 | $2,007,367 |
| 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 | $2,007,367 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Central Soybean Research Program has recieved totaling $383,333.
| Awarding Organization | Amount |
|---|---|
Wisconsin Soybean Marketing Board Inc Madison, WI PURPOSE: Soybean research | $383,333 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Interstate Commission For Higher Education Boulder, CO | $21,671,158 | $19,186,814 |
American Concrete Institute Farmington Hills, MI | $61,288,545 | $22,570,700 |
Commonwealth Center For Commercialization Inc Frankfort, KY | $0 | $43,428 |
Clark Richardson And Biskup Consulting Engineers Inc Health Pl Kansas City, MO | $3,940,504 | $14,137,638 |
Indiana Biosciences Research Institute Inc Indianapolis, IN | $179,409,136 | $10,008,922 |
St Louis Science Center Foundation St Louis, MO | $53,330,924 | $19,478,193 |
Education Analytics Inc Madison, WI | $8,611,249 | $13,959,863 |
Sequoia Farm Foundation Decatur, IL | $86,746,867 | $4,418,123 |
Indiana Soybean Alliance Inc Indianapolis, IN | $22,987,497 | $12,342,282 |
Michigan Technology Commercialization Corporation Ann Arbor, MI | $6,134,107 | $12,527,491 |
Industrial Technology Institute Plymouth, MI | $6,890,265 | $10,484,047 |
International Academy Of Science Kansas City, MO | $87,027,630 | $37,620,467 |