American Soybean Association is located in Athens, GA. The organization was established in 1981. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. American Soybean Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2023, American Soybean Association generated $17.1k 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 (4.8%) each year. All expenses for the organization totaled $20.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PART III, LINE 28 PREPARE NEWSLETTER AND ORGANIZE EXPOSITIONS TO PROMOTE THE PRODUCTION OF SOYBEANS FOR ASSOCIATION MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrew Moore President | 5 | $0 | |
Brian Ogletree Vice President | 5 | $0 | |
Tony Smith Secretary | 5 | $0 | |
Roger Boerma Educational Director | 5 | $0 | |
Corey Bryant Educational Director | 5 | $0 | |
Raynor Churchwell Industry Director | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $3,050 |
Total Program Service Revenue | $0 |
Membership dues | $2,045 |
Investment income | $21 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $12,000 |
Total Revenue | $17,116 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $1,064 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $250 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $6 |
Other expenses | $6,758 |
Total expenses | $20,078 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $20,926 |
Other assets | $0 |
Total assets | $20,926 |
Total liabilities | $0 |
Net assets or fund balances | $20,926 |