American Soybean Association
- Assets
- $223.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Johns, MI
- Founding
- 08/1981
- Data as of
- 09/2023
- EIN
- 36-3141921
Organization Overview
American Soybean Association is located in Saint Johns, MI. 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 $170.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $163.8k during the year ending 09/2023. While expenses have increased by 4.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MAGAZINE PUBLISHING AND POSTAGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Phelps Treasurer | 0 | $0 | |
Garr Parr Vice President | 0 | $0 | |
Thomas Woelmer Director | 0 | $0 | |
Karen Warner Director | 0 | $0 | |
Allison Morse Secretary | 0 | $0 | |
Patrick Feldpausch Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,409 |
| Total Program Service Revenue | $138,236 |
| Membership dues | $19,467 |
| Investment income | $1,067 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $170,179 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $26,520 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $79,030 |
| Other expenses | $58,227 |
| Total expenses | $163,777 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,031 |
| Other assets | $0 |
| Total assets | $223,031 |
| Total liabilities | $22,335 |
| Net assets or fund balances | $200,696 |