Indiana Soybean Alliance Inc
- Assets
- $23.0m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 23
- Location
- Indianapolis, IN
- Founding
- 03/1998
- Data as of
- 09/2022
- EIN
- 35-2026389
Organization Overview
Indiana Soybean Alliance Inc is located in Indianapolis, IN. The organization was established in 1998. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 09/2022, Indiana Soybean Alliance Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Soybean Alliance Inc 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, Indiana Soybean Alliance Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $12.0m during the year ending 09/2022. While expenses have increased by 2.5% 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.
Since 2015, Indiana Soybean Alliance Inc has awarded 83 individual grants totaling $16,656,635. 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
THE INDIANA SOYBEAN ALLIANCE, INC. (ISA) SPONSORS PROGRAMS FOR SOYBEAN PROMOTION, RESEARCH CONSUMER INFORMATION, INDUSTRY INFORMATION AND PRODUCER COMMUNICATIONS UNDER THE FEDERAL SPARC ACT AND ORDER. ISA IS A QUALIFIED STATE SOYBEAN BOARD (QSSB) FOR THE STATE OF INDIANA. ISA ALSO SERVES THE ORGANIZATION'S MEMBERS ON POLICY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET DEVELOPMENT HAS TWO STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS TO INCREASE LIVESTOCK AND MEAT EXPORTS. ISA ACCOMPLISHES THIS BY INVESTING IN INITIATIVES THAT INCREASE RED MEAT AND POULTRY EXPORTS TO TARGETED COUNTRIES. THE SECOND OBJECTIVE IS TO INCREASE MARKET PREFERENCE AND NUMBER OF EXPORTS FOR US SOYBEANS AND SOYBEAN PRODUCTS. THE INITIATIVES IN THIS OBJECTIVE ARE TO INCREASE EXPORTS IN TARGETED COUNTRIES, INVEST IN FEED TRIALS, UTILIZE INDUSTRY PARTNERS TO INCREASE BIODIESEL DEMAND AND TO PROMOTE CHECKOFF SUCCESS OF THESE PROGRAM EFFORTS TO DECISION MAKERS.
SUSTAINABILITY HAS THREE STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS TO CONTINUE TO INCREASE THE NUMBER OF ACRES IN INDIANA UTILIZING ENVIRONMENTALLY AND ECONOMICALLY SUSTAINABLE PRODUCTION PRACTICES BY TARGETING MEETING NUTRIENT LOSS REDUCTION GOALS IN INDIANA. THE SECOND OBJECTIVE IS TO INCREASE COMMUNITY AWARENESS OF AGRICULTURE AND ITS ECONOMIC VALUE TO THE COMMUNITY. ISA LOOKS TO DO THIS BY USING PARTNERS TO AMPLIFY MESSAGES AND CONVEYING CHECKOFF SUCCESS AND THE ECONOMIC VALUE OF AGRICULTURE TO DECISION MAKERS. THE THIRD OBJECTIVE IS TO SUPPORT EFFORTS THAT REDUCE PRODUCTION AND INPUT COSTS AND IMPROVE ON-FARM PROFITABILITY. THE INITIATIVES UNDER THIS OBJECTIVE ARE IDENTIFYING OPPORTUNITIES TO IMPROVE ON-FARM PROFITABILITY AND SEEK NON-TRADITIONAL VALUE GENERATION.
VALUE CREATION HAS THREE STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS THE INVESTMENT IN GROWTH OF HIGH-OLEIC SOYBEAN OIL FOODS AND PRODUCTS WHICH ADD VALUE TO THE SOYBEANS GROWN IN INDIANA. THE SECOND OBJECTIVE IS TO SUPPORT RESEARCH FOR DEVELOPING FOOD PRODUCTS THAT INCREASE THE VALUE OF SOYBEAN PRODUCTS. THE THIRD OBJECTIVE IS TO DEVELOP NEW INDUSTRIAL USES FOR SOYBEAN PRODUCTS, WITH A FOCUS ON PETROLEUM REPLACEMENTS.
PRODUCER ENGAGEMENT HAS TWO OBJECTIVES. THE BACKBONE OF THIS OBJECTIVE IS PROVIDING INFORMATION TO THE INDIANA PRODUCERS WE SERVE. THE FIRST OBJECTIVE IS TO INCREASE AWARENESS AND UNDERSTANDING OF THE CHECKOFF PROGRAMS AND THE RETURN ON INVESTMENT BY ALL INDIANA SOYBEAN FARMERS. THE SECOND OBJECTIVE IS TO INCREASE PRODUCER PARTICIPATION IN ISA PROGRAMS (I.E. ON-FARM PROGRAMS, SAFETY, ENVIRONMENTAL, ETC.)IN ADDITION TO THE FOUR STRATEGIC OBJECTIVES A SUCCESSFUL ORGANIZATION MUST INVEST IN INFRASTRUCTURE (PERSONNEL, MARKETING, AND TECHNOLOGY), ESTABLISH SOUND FISCAL AND FIDUCIARY MANAGEMENT PRACTICES, AND DEVELOP OUR BOARD MEMBERS TO BE LEADERS WITHIN INDIANA AGRICULTURE AND WITH NATIONAL AGRICULTURAL ORGANIZATIONS. ORGANIZATION, BOARD MANAGEMENT AND GENERAL MARKETING CONTAINS EXPENSES FOR BOARD MEETINGS, LEADERSHIP AND EDUCATIONAL DEVELOPMENT, BASE INFRASTRUCTURE FOR MARKETING EFFORTS, AND PROGRAM MANAGEMENT OF THE BOARD.SPARC ADMINISTRATION ENSURES COMPLIANCE WITH THE SPARC ACT AND ORDER AND THE GOVERNANCE OF ISA. INCLUDED IN THESE ACTIVITIES ARE BOARD ELECTIONS AND INVESTMENTS IN PROCESSES FOR REMITTANCES FROM FIRST PURCHASERS OF SOYBEANS IN INDIANA AND THE PERIODIC AUDITING OF THOSE FIRST PURCHASERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Courtney Kingery CEO | Officer | 40 | $215,588 |
Edward Ebert Sr. Director Of Production & Utilization | 40 | $158,786 | |
Chantel Rammel Chief Operating Officer | Officer | 40 | $154,033 |
Steve Howell Sr. Director Of Industry Affairs | 40 | $114,567 | |
Hannah Vorsilak Marketing Operations And Leadership Director | 40 | $110,720 | |
Helena M Jette Director Of Biofuels | 40 | $104,572 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Museum Exp Llc Project Management | 9/29/22 | $122,603 |
Inspire Consulting Llc Consulting | 9/29/22 | $126,788 |
Blank Page Marketing Llc Marketing | 9/29/22 | $323,817 |
Shafer's Innovation & Business Building Consulting | 9/29/22 | $175,898 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $817,001 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $909,501 |
| Total Program Service Revenue | $11,102,242 |
| Investment income | $29,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $12,034 |
| Net Rental Income | -$99,450 |
| 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 | $12,342,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,395,076 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $31,670 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $704,332 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,646 |
| Pension plan accruals and contributions | $16,463 |
| Other employee benefits | $44,260 |
| Payroll taxes | $88,136 |
| Fees for services: Management | $109,394 |
| Fees for services: Legal | $308,353 |
| Fees for services: Accounting | $180,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,839,248 |
| Advertising and promotion | $299,811 |
| Office expenses | $117,520 |
| Information technology | $124,470 |
| Royalties | $0 |
| Occupancy | $69,831 |
| Travel | $536,991 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $352,318 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,196 |
| Insurance | $35,808 |
| All other expenses | $72,935 |
| Total functional expenses | $12,030,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483 |
| Savings and temporary cash investments | $17,508,214 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $993,159 |
| 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 | $289,620 |
| Net Land, buildings, and equipment | $4,129,783 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $66,238 |
| Other assets | $0 |
| Total assets | $22,987,497 |
| Accounts payable and accrued expenses | $2,028,469 |
| Grants payable | $1,976,392 |
| 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 | $4,004,861 |
| Net assets without donor restrictions | $18,982,636 |
| 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 | $22,987,497 |
Grants Awarded
Over the last fiscal year, Indiana Soybean Alliance Inc has awarded $4,395,076 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
West Lafayette, IN PURPOSE: RESEARCH GRANTS | $1,215,194 |
Denver, CO PURPOSE: RESEARCH GRANTS | $860,426 |
Chesterfield, MO PURPOSE: RESEARCH GRANTS | $709,495 |
Tucker, GA PURPOSE: RESEARCH GRANTS | $652,486 |
HOGAN CONSULTING LLC PURPOSE: RESEARCH GRANTS | $145,000 |
DANFORTH GROUP LLC PURPOSE: RESEARCH GRANTS | $95,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Indiana Soybean Alliance Inc has recieved totaling $74,450.
| Awarding Organization | Amount |
|---|---|
Nature Conservancy Arlington, VA PURPOSE: CONSERVATION ACTIVITIES | $37,225 |
Nature Conservancy Arlington, VA PURPOSE: CONSERVATION ACTIVITIES | $37,225 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Soybean Alliance Inc Indianapolis, IN | $22,987,497 | $12,342,282 |
Leonard Wood Institute Inc Fort Leonard Wood, MO | $592,989 | $2,983,939 |
Society Of Tribologists & Lubrication Engineers Park Ridge, IL | $4,873,224 | $2,939,848 |
Lake Michigan Air Director Corsortium Hillside, IL | $327,093 | $1,851,632 |
American Meat Science Association Kearney, MO | $3,721,106 | $1,822,299 |
Fox-Wolf Watershed Alliance Inc Appleton, WI | $800,245 | $1,535,506 |
Kentucky Dataseam Initiative Inc Louisville, KY | $783,269 | $732,080 |
American Society Of Andrology East Dundee, IL | $1,585,027 | $299,034 |
Association For Chemoreception Sciences Glenview, IL | $420,190 | $324,574 |
Mrens Nfp Lagrange, IL | $195,097 | $498,010 |
Owner-Operator Independent Drivers Association Foundation Inc Grain Valley, MO | $5,959,730 | $248,591 |
Makerspace Of Milwaukee Inc Milwaukee, WI | $539,386 | $297,306 |