Minnesota Soybean Growers Assoc
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- 08/1976
- Data as of
- 08/2023
- EIN
- 51-0178016
Organization Overview
Minnesota Soybean Growers Assoc is located in Mankato, MN. The organization was established in 1976. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Soybean Growers Assoc 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, Minnesota Soybean Growers Assoc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $1.2m during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (20.9%) 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
ESTABLISHED BY SOYBEAN FARMERS IN 1962, THE MINNESOTA SOYBEAN GROWERS ASSOCIATION (MSGA) IS A NON-PROFIT, FARMER-CONTROLLED MEMBERSHIP ORGANIZATION AIMED AT MONITORING GOVERNMENT POLICIES, SUPPORTING RESEARCH ACTIVITIES AND MARKET DEVELOPMENT ACTIVITIES TO IMPROVE THE PROFITABILITY OF SOYBEAN FARMERS THROUGHOUT THE STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING: THE MINNESOTA SOYBEAN GROWERS ASSOCIATION (MSGA) IS THE MAIN ORGANIZATION IN MINNESOTA WHICH DEFENDS SOYBEAN FARMER INTERESTS AT THE STATE CAPITAL. MSGA CONSTANTLY MONITORS THE ACTIONS OF THE MINNESOTA STATE LEGISLATOR AND ENGAGES THOSE LEGISLATORS TO HELP THEM MAKE BETTER DECISIONS FOR MINNESOTA'S SOYBEAN FARMERS. MSGA ENGAGES THOSE LEADERS BY SENDING PRODUCERS, STAFF AND A LOBBYIST TO THE CAPITAL THROUGH-OUT THE ENTIRE YEAR TO HAVE DISCUSSIONS ABOUT HOW DECISIONS IN ST. PAUL AFFECT ALL FARMERS ON A WIDE RANGE OF ISSUES INCLUDING WATER QUALITY, TAXES AND FARM INPUT REGULATION.
AG EXPO/SOYBEAN BUSINESS MAGAZINE: MSGA IS DEEPLY INVOLVED IN EDUCATING AND COMMUNICATING ITS MESSAGES TO NOT ONLY SOYBEAN PRODUCERS BUT THE ENTIRE AGRICULTURE INDUSTRY. IN ORDER TO COMPLETE THIS TASK, THE MSGA, IN CONJUNCTION WITH THE MINNESOTA CORN GROWERS ASSOCIATION, HOLDS AN ANNUAL TRADESHOW AND EDUCATIONAL CONFERENCE WHICH ATTRACTS OVER 1,000 ATTENDEES AND PROVIDES THE AGRICULTURE INDUSTRY WITH THE OPPORTUNITY TO LEARN FROM EXHIBITORS AND SPEAKERS ABOUT HOW TO BE A MORE PROFITABLE FARMER. MSGA ALSO PUBLISHES A BI-MONTHLY MAGAZINE THAT OUTLINES MANY OF THE PROJECTS MANAGED ON BEHALF OF THE MINNESOTA SOYBEAN RESEARCH AND PROMOTION COUNCIL, BUT EDUCATES SOYBEAN PRODUCERS AND THE ACTIONS MSGA HAS TAKEN AT THE CAPITAL ON BEHALF OF ALL SOYBEAN FARMERS. THE MAGAZINE IS DISTRIBUTED FREE OF CHARGE TO OVER 23,000 INDIVIDUALS IN MINNESOTA AND THE SURROUNDING STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Slunecka Chief Executive Officer | Officer | 0.5 | $0 |
Joe Smentek Executive Director | Officer | 15 | $0 |
Eric Wenberg Executive Director - Ssga | 1 | $0 | |
Scott Miller Chief Financial Officer | Officer | 1.75 | $0 |
Kim Nill Director Of Market Develop | 1 | $0 | |
Bob Worth President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ag Management Solutions Llc Management Services | 8/30/23 | $313,383 |
Bennett Goverment Consulting Lobbying Services | 8/30/23 | $125,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $227,831 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,839 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,163 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $314,833 |
| Total Program Service Revenue | $826,196 |
| Investment income | $6,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,935 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,156,543 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,873 |
| 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 | $313,375 |
| Fees for services: Legal | $312 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $155,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,405 |
| Fees for services: Other | $49,721 |
| Advertising and promotion | $78,193 |
| Office expenses | $5,138 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $75,771 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $163,204 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,540 |
| All other expenses | $15,885 |
| Total functional expenses | $1,244,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $407,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,593 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $935 |
| Prepaid expenses and deferred charges | $33,796 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $342,060 |
| Intangible assets | $0 |
| Other assets | $305,238 |
| Total assets | $1,165,395 |
| Accounts payable and accrued expenses | $52,566 |
| Grants payable | $0 |
| Deferred revenue | $392,582 |
| 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 | $445,148 |
| Net assets without donor restrictions | $720,247 |
| 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 | $1,165,395 |