Pennsylvania Soybean Board
- Assets
- $1.5m
- Revenue
- $730.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 10/2015
- Data as of
- 09/2023
- EIN
- 38-3972783
Organization Overview
Pennsylvania Soybean Board is located in Harrisburg, PA. The organization was established in 2015. 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. Pennsylvania Soybean Board 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, Pennsylvania Soybean Board generated $730.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.0m during the year ending 09/2023. While expenses have increased by 7.8% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS TRUSTED SOYBEAN FARMERS, THE PENNSYLVANIA SOYBEAN BOARD PROVIDES STEWARDSHIP OF THE PENNSYLVANIA SOYBEAN CHECKOFF DOLLARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FUND IN-STATE (PENNSYLVANIA) SOYBEAN-RELATED RESEARCH THROUGH GRANTS PAID TO PENNSYLVANIA STATE UNIVERSITY AND VARIOUS OTHER ASSOCIATIONS.
EDUCATION AND OUTREACH REGARDING SOYBEANS AND THEIR MANY USES; PROMOTION OF SOYBEANS; AND COMMUNICATION OF SOYBEAN BOARD ACTIVITIES AND PROGRAMS THROUGH NEWS RELEASES AND ANNUAL REPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Harrell Chairman | OfficerTrustee | 1 | $0 |
Emily Landis Vice Chairma | OfficerTrustee | 1 | $0 |
Justin Knoebel Treasurer/se | OfficerTrustee | 2 | $0 |
Andy Fabin Director | Trustee | 0.5 | $0 |
Justin Jones Director | Trustee | 0.5 | $0 |
Dustin Kieffer Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $730,956 |
| Investment income | $183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,896 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $705,522 |
| 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 | $77,144 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,791 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,094 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,284 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $274 |
| Insurance | $2,479 |
| All other expenses | $4,978 |
| Total functional expenses | $1,000,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,497,965 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $396 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $646 |
| Total assets | $1,499,007 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $1,038 |
| Total liabilities | $1,038 |
| Net assets without donor restrictions | $1,497,969 |
| 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 | $1,499,007 |
Grants Awarded
Over the last fiscal year, Pennsylvania Soybean Board has awarded $705,522 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA STATE UNIVERSITY PURPOSE: RESEARCH | $540,522 |
PENNSYLVANIA FRIENDS OF AGRICULTURE PURPOSE: SCHOOL AG EDUCATION | $80,000 |
NORTH CENTRAL SOYBEAN RESEARCH PROG PURPOSE: PROGRAM SUPPORT | $85,000 |