Oklahoma Soybean Board Inc

Organization Overview

Oklahoma Soybean Board Inc is located in Claremore, OK. The organization was established in 1998. 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. Oklahoma Soybean Board Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 06/2023, Oklahoma Soybean Board Inc generated $555.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $713.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

RESEARCH AND PROMOTION OF SOYBEAN

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH PROGRAM STUDIES TO ADVANCE THE IMAGE, DESIRABILITY, MARKETABILITY, PRODUCTIONS, PRODUCT DEVELOPMENT, QUALITY OR FUNCTIONAL OR NUTRITIONAL VALUE OF SOYBEANS OR SOYBEAN PRODUCTS. PROMOTIONAL PROGRAM - ADVERTISING TECHNICAL ASSISTANCE AND TRADE SERVICES ACTIVITIES TO ENHANCE THE IMAGE OR DESIRABILITY OF SOYBEANS OR SOYBEAN PRODUCTS.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Greenless
Member
$0
Rick Reimer
Excutive Dir
$0
Matt Steinert
Member
$0
Mark White
Member
$0
Paul Fruendt
Secretary
$0
Brent Rendel
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $548,607
All other contributions, gifts, grants, and similar amounts not included above$34
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$548,641
Total Program Service Revenue$0
Investment income $6,524
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 $555,165

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Us Farming And Ranching Foundation
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