Nebraska Soybean Board
- Assets
- $13.4m
- Revenue
- $30.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Lincoln, NE
- Founding
- 03/1996
- Data as of
- 09/2022
- EIN
- 47-0792418
Organization Overview
Nebraska Soybean Board is located in Lincoln, NE. The organization was established in 1996. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 09/2022, Nebraska Soybean Board employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Soybean Board 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 09/2022, Nebraska Soybean Board generated $30.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $25.7m during the year ending 09/2022. While expenses have increased by 6.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOYBEAN AND SOYBEAN PRODUCTS THROUGH PROJECTS, RESEARCH AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE SOYBEAN AND SOYBEAN PRODUCTS THROUGH INTERNATIONAL & DOMESTIC MARKETING
TO PROMOTE SOYBEAN AND SOYBEAN PRODUCTS THROUGH RESEARCH
TO PROMOTE SOYBEAN AND SOYBEAN PRODUCTS THROUGH EDUCATION & COMMUNICATION
ASSESSMENTS REMITTED
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Govier Vice Chairma | OfficerTrustee | 2 | $0 |
Jason Penke Treasurer | OfficerTrustee | 2 | $0 |
Doug Saathoff Chairman | OfficerTrustee | 2 | $0 |
Brent Steinhoff Secretary | OfficerTrustee | 2 | $0 |
Greg Anderson Board Mbr | Trustee | 2 | $0 |
Eugene Goering Board Mbr | Trustee | 2 | $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 | $30,748,870 |
| Investment income | $35,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $56,860 |
| 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 | $30,921,429 |
| 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 | $356,083 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,499,362 |
| Office expenses | $14,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,292 |
| Travel | $151,454 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $144,096 |
| Interest | $0 |
| Payments to affiliates | $19,433,344 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,490 |
| All other expenses | $29,983 |
| Total functional expenses | $25,730,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,602 |
| Savings and temporary cash investments | $13,305,791 |
| 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 | $13,439,393 |
| 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 | $13,439,393 |
| 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 | $13,439,393 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nebraska Soybean Board Lincoln, NE | $13,439,393 | $30,921,429 |
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Denver Early Childhood Council Denver, CO | $1,380,072 | $3,651,532 |
Colorado Digital Learning Solutions Broomfield, CO | $1,575,239 | $3,108,824 |
Montbello Organizing Committee Denver, CO | $2,943,100 | $4,649,313 |
Colorado Early Colleges-Fort Collins Building Corporation Fort Collins, CO | $20,278,437 | $1,400,213 |
University Of Colorado Property Corporation Denver, CO | $48,186 | $0 |
Kansas State University Veterinary Clinical Outreach Inc Manhattan, KS | $2,085,455 | $927,928 |
Partnership For Youth Inc St Louis, MO | $754,457 | $1,570,156 |
Kairos Academies Vanguard St Louis, MO | $76,197 | $1,030,087 |
Kid Spark Education Webb City, MO | $1,819,407 | $1,054,110 |
Engaged Latino Parents Advancing Student Outcomes Lafayette, CO | $706,269 | $995,673 |