North Carolina Soybean Producers is located in Raleigh, NC. The organization was established in 1968. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, North Carolina Soybean Producers employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Soybean Producers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, North Carolina Soybean Producers generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, North Carolina Soybean Producers has awarded 11 individual grants totaling $1,166,793. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF SOYBEANS THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF NORTH CAROLINA PRODUCTION OF SOYBEANS THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Owen Wagner Chief Executive Officer | Officer | 40 | $136,862 |
Jeff Tyson Treasurer | Officer | 0 | $0 |
David Heath President | Officer | 0 | $0 |
Philip Sloop Secretary | Officer | 0 | $0 |
Gary Hendrix Vice President | Officer | 0 | $0 |
Reginald Strickland Usb Director | Trustee | 0 | $0 |
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 | $2,113,044 |
Investment income | $14,041 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $296,010 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,482,483 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $401,990 |
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. | $136,862 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $213,306 |
Pension plan accruals and contributions | $44,842 |
Other employee benefits | $23,404 |
Payroll taxes | $26,887 |
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 | $30,985 |
Advertising and promotion | $0 |
Office expenses | $9,169 |
Information technology | $12,401 |
Royalties | $0 |
Occupancy | $35,224 |
Travel | $22,563 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $158,640 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,033 |
Insurance | $0 |
All other expenses | $17,979 |
Total functional expenses | $1,311,944 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1 |
Savings and temporary cash investments | $3,872,359 |
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 | $919,484 |
Investments—publicly traded securities | $364,987 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $5,156,831 |
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 | $21,056 |
Total liabilities | $21,056 |
Net assets without donor restrictions | $5,135,775 |
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 | $5,156,831 |
Over the last fiscal year, North Carolina Soybean Producers has awarded $328,578 in support to 5 organizations.
Grant Recipient | Amount |
---|---|
NC STATE UNIVERSITY PURPOSE: RESEARCH | $304,808 |
TIDEWATER AGRONOMICS PURPOSE: RESEARCH | $6,550 |
PROTECH ADVISORY SERVICES PURPOSE: RESEARCH | $5,750 |
FOWLER CROP CONSULTING INC PURPOSE: RESEARCH | $5,750 |
IMPACT AGRONOMICS INC PURPOSE: RESEARCH | $5,720 |
Organization Name | Assets | Revenue |
---|---|---|
Peace Center Foundation Greenville, SC | $99,689,105 | $17,581,209 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Pack Place Performing Arts Asheville, NC | $4,993,053 | $1,808,862 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |
North Carolina Soybean Producers Raleigh, NC | $5,156,831 | $2,482,483 |
Salt Block Foundation Inc Hickory, NC | $12,460,479 | $951,674 |
Tennessee Performing Arts Foundation Nashville, TN | $15,417,761 | $687,136 |