Soy Aquaculture Alliance Inc
- Assets
- $837.8k
- Revenue
- $865.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Ankeny, IA
- Founding
- 02/2013
- Data as of
- 09/2023
- EIN
- 45-3723947
Organization Overview
Soy Aquaculture Alliance Inc is located in Ankeny, IA. The organization was established in 2013. According to its NTEE Classification (Y03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Soy Aquaculture Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Soy Aquaculture Alliance Inc generated $865.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $705.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. 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
PROGRAMS AND MARKET DEVELOPMENT ACTIVITIES IN RELATION TO THE USE OF SOYBEANS AND SOY PRODUCTS IN AQUACULTURE, TO SUPPORT THE DEVELOPMENT OF SOY-BASED AQUAFEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOY AQUACULTURE ALLIANCE (SAA) IS DEDICATED TO EXPANDING THE USE OF U.S. GROWN SOYBEANS IN DOMESTIC AND INTERNATIONAL AQUACULTURE FEED FORMULATIONS.SAA FUNDS PROGRAMS AND RESEARCH THAT INCREASES THE UTILIZATION OF U.S. SOYBEANS IN THE DIETS OF FISH AND SHRIMP THROUGH COLLABORATION WITH ACADEMIC AND PRIVATE RESEARCHERS AND AQUACULTURE INDUSTRY LEADERS.SAA PROVIDES SUPPORT FOR NUMEROUS RESEARCH STUDIES IN INDEPENDENT PUBLIC AND PRIVATE RESEARCH CENTERS. EACH STUDY FOCUSED ON GENETIC, NUTRITION OR SYSTEM TRIALS THAT PROVIDE FOR A MORE ROBUST DOMESTIC AQUACULTURE INDUSTRY AND GREATER INCLUSION RATES FOR SOYBEANS IN AQUACULTURE DIETS. RESEARCH INVESTMENTS AND SELECTION OF RESEARCH RECIPIENTS ARE DETERMINED BY THE BOARD OF DIRECTORS EACH YEAR. A REQUEST FOR PROPOSAL PROCESS IS IMPLEMENTED TO ENCOURAGE RESEARCHERS TO SUBMIT STUDY OUTLINES THAT MEET THE SAA MISSION.SAA IS GOVERNED BY A VOLUNTEER BOARD REPRESENTING U.S. SOYBEAN FARMERS AND INDUSTRY MEMBERS. VOTING MEMBERSHIP IS OPEN TO QUALIFIED STATE SOYBEAN BOARDS AND NON-VOTING MEMBERSHIP TO PUBLIC AND PRIVATE ENTITIES IN THE SOY, AQUACULTURE, AND SEAFOOD INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Bambauer Chair | OfficerTrustee | 4 | $0 |
Eugene Goering Vice Chair | OfficerTrustee | 3 | $0 |
Davie Stephens Treasurer | OfficerTrustee | 3 | $0 |
Tom Adam Secretary | OfficerTrustee | 3 | $0 |
Ardon Wek Director | Trustee | 2 | $0 |
Alan Moore Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
South Carolina Department Of Natural Res Department Of Natural Resources | 9/29/18 | $122,075 |
Indiana Soybean Alliance Inc Management Service | 9/29/18 | $187,863 |
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 | $865,691 |
| Investment income | $150 |
| 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 | $865,851 |
| 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 | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $433,787 |
| Advertising and promotion | $49,947 |
| Office expenses | $1,256 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,024 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,500 |
| All other expenses | $2,995 |
| Total functional expenses | $705,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,799 |
| Savings and temporary cash investments | $138,204 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $237,792 |
| 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 | $837,795 |
| Accounts payable and accrued expenses | $210,594 |
| 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 | $210,594 |
| Net assets without donor restrictions | $627,201 |
| 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 | $837,795 |