Specialty Soya & Grains Alliance
- Assets
- $533.4k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Mankato, MN
- Founding
- Data as of
- 08/2021
- EIN
- 82-1112865
Organization Overview
Specialty Soya & Grains Alliance is located in Mankato, MN. Specialty Soya & Grains Alliance is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES THAT COMMUNICATE THE QUALITY, DIVERSITY, AND AVAILABILITY OF IDENTITY-PRESERVED SOYA AND SPECIALTY GRAIN PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATP PROJECTS: USING FUNDING SECURED FROM AN AGRICULTURAL TRADE PROMOTION GRANT FROM THE USDA'S FOREIGN AGRICULTURAL SERVICE, SSGA BEGAN WORK TO CREATE A U.S. IP BRAND AND DIGITAL IP EXCHANGE, TARGETING MARKETS IN NORTH ASIA, SOUTHEAST ASIA AND EUROPE. SSGA HIRED ONE TECHNICAL ADVISER FOR EACH REGION AND PROVIDED TRAINING FOR THE ADVISERS, ALONG WITH STAFF AND BOARD. SSGA ALSO COMMISSIONED A STUDY TO ANALYZE THE IP MARKET OPPORTUNITY IN THE PHILIPPINES AND AWARDED CONTRACTS FOR U.S. IP BRAND DEVELOPMENT AND THE CREATION OF IP TECHNICAL MANUALS TO HELP POTENTIAL CUSTOMERS UNDERSTAND THE VALUE OF THE IP SYSTEM. SSGA ALSO WORKED TO ADDRESS MARKET ISSUE, INCLUDING WORK WITH PARTNERS AND AGENCIES TO DELAY IMPLEMENTATION OF JAPAN'S PHYTOSANITARY CERTIFICATE REQUIREMENT.
GLOBAL TRADE EXCHANGE: SSGA CO-HOSTED AND CO-ORGANIZED THE U.S. SOY GLOBAL TRADE EXCHANGE & SPECIALTY GRAINS CONFERENCE (GTE). THIS EVENT BRINGS TOGETHER ABOUT 1,000 INDIVIDUALS FROM 50+ COUNTRIES TO COORDINATE AND PROMOTE THE EXPORT OF UNITED STATES SOYBEANS AND SOYBEAN PRODUCTS THROUGH-OUT THE WORLD.
WORK WITH QUALIFIED STATE SOYBEAN BOARDS (QSSB): SSGA WORKS CLOSELY WITH QUALIFIED STATE SOYBEAN BOARDS, WHICH ARE THE ELECTED FARMERS OF EACH STATE WHO CARRY OUT THE SOYBEAN PROMOTION, RESEARCH AND CONSUMER INFORMATION ACT. QSSB'S INVEST FARMER CHECKOFF MONEY INTO THE RESEARCH, PROMOTION AND DEVELOPMENT OF NEW MARKETS FOR SOYBEANS. THROUGH THIS PROGRAM, SSGA WORKED TO IMPLEMENT GRANTS FOR QSSB'S TO GROW THE IP MARKETPLACE FOR U.S. SOYBEAN FARMERS. ADDITIONALLY, SSGA'S WORK HELPED TO EDUCATE CURRENT AND POTENTIAL IP SOYBEAN GROWERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Sinner Chair | OfficerTrustee | 2 | $0 |
Darwin Rader Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Rob Prather Vice Chair | OfficerTrustee | 1 | $0 |
Eric Wenberg Executive Director | Officer | 40 | $0 |
Andy Bensend Director | Trustee | 0.5 | $0 |
Adam Buckentine Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ag Management Solutions Llc Management/communication Services | 8/30/21 | $423,446 |
Nhs Global Events Gte Event Management | 8/30/21 | $124,120 |
Clutch Performance Ip Protocol Development And Promotion | 8/30/21 | $107,460 |
Spire Research And Consulting Pte Ltd Atp Program Research | 8/30/21 | $103,218 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $95,308 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $530,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,527 |
| Total Program Service Revenue | $526,641 |
| Investment income | $145 |
| 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 | $1,237,313 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $401,062 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,240 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $600,081 |
| Advertising and promotion | $23,203 |
| Office expenses | $16,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,386 |
| Travel | $24,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,452 |
| All other expenses | $14,381 |
| Total functional expenses | $1,506,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $228,246 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,294 |
| 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 | $4,850 |
| 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 | $533,390 |
| Accounts payable and accrued expenses | $422,947 |
| Grants payable | $0 |
| Deferred revenue | $44,846 |
| 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 | $467,793 |
| Net assets without donor restrictions | $65,597 |
| 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 | $533,390 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Specialty Soya & Grains Alliance has recieved totaling $57,000.
| Awarding Organization | Amount |
|---|---|
Wisconsin Soybean Marketing Board Inc Madison, WI PURPOSE: Conference & plan sponsorships | $57,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinese American Service League Inc Chicago, IL | $15,835,299 | $20,315,146 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Dow Rummel Village Sioux Falls, SD | $76,421,386 | $18,523,416 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Botsford Continuing Care Corporation Southfield, MI | $28,554,348 | $16,692,642 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |
Blackburn University Carlinville, IL | $69,417,787 | $20,572,819 |
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Region 3b Area Agency On Aging Battle Creek, MI | $12,282,051 | $21,229,876 |
Southwest Counseling Solutions Inc Detroit, MI | $10,435,524 | $23,926,279 |
Human Resources Development Institute Inc Chicago, IL | $14,371,854 | $24,270,043 |
Duluth Regional Care Center Inc Duluth, MN | $17,149,445 | $20,614,667 |