North Carolina Soybean Producers
- Assets
- $5.2m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Raleigh, NC
- Founding
- 11/1968
- Data as of
- 08/2022
- EIN
- 56-0887931
Organization Overview
North Carolina Soybean Producers is located in Raleigh, NC. The organization was established in 1968. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, North Carolina Soybean Producers employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Soybean Producers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 08/2022, North Carolina Soybean Producers generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, North Carolina Soybean Producers has awarded 11 individual grants totaling $1,166,793. 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
PROMOTION OF SOYBEANS THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF NORTH CAROLINA PRODUCTION OF SOYBEANS THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Owen Wagner Chief Executive Officer | Officer | 40 | $136,862 |
David Heath President | Officer | 0 | $0 |
Gary Hendrix Vice President | Officer | 0 | $0 |
Jeff Tyson Treasurer | Officer | 0 | $0 |
Philip Sloop Secretary | Officer | 0 | $0 |
Reginald Strickland Usb Director | Trustee | 0 | $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 | $2,113,044 |
| Investment income | $14,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $296,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,482,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $401,990 |
| 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. | $136,862 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,306 |
| Pension plan accruals and contributions | $44,842 |
| Other employee benefits | $23,404 |
| Payroll taxes | $26,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,985 |
| Advertising and promotion | $0 |
| Office expenses | $9,169 |
| Information technology | $12,401 |
| Royalties | $0 |
| Occupancy | $35,224 |
| Travel | $22,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $158,640 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,033 |
| Insurance | $0 |
| All other expenses | $17,979 |
| Total functional expenses | $1,311,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $3,872,359 |
| 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 | $919,484 |
| Investments—publicly traded securities | $364,987 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,156,831 |
| 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 | $21,056 |
| Total liabilities | $21,056 |
| Net assets without donor restrictions | $5,135,775 |
| 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 | $5,156,831 |
Grants Awarded
Over the last fiscal year, North Carolina Soybean Producers has awarded $328,578 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NC STATE UNIVERSITY PURPOSE: RESEARCH | $304,808 |
TIDEWATER AGRONOMICS PURPOSE: RESEARCH | $6,550 |
PROTECH ADVISORY SERVICES PURPOSE: RESEARCH | $5,750 |
FOWLER CROP CONSULTING INC PURPOSE: RESEARCH | $5,750 |
IMPACT AGRONOMICS INC PURPOSE: RESEARCH | $5,720 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Peace Center Foundation Greenville, SC | $99,689,105 | $17,581,209 |
Historic Tennessee Theatre Foundation Knoxville, TN | $32,949,657 | $9,927,493 |
Rivercenter Inc Columbus, GA | $5,489,865 | $4,501,265 |
Belcourt Theatre Inc Nashville, TN | $8,909,570 | $4,044,335 |
Bijou Theater Center Knoxville, TN | $4,966,166 | $3,906,222 |
Zeiders American Dream Theater Virginia Beach, VA | $9,355,099 | $2,062,957 |
Pack Place Performing Arts Asheville, NC | $4,993,053 | $1,808,862 |
Academy Center Of The Arts Inc Lynchburg, VA | $41,266,969 | $2,992,535 |
Richmond Performing Arts Alliance Richmond, VA | $133,538,095 | $2,679,969 |
North Carolina Soybean Producers Raleigh, NC | $5,156,831 | $2,482,483 |
Salt Block Foundation Inc Hickory, NC | $12,460,479 | $951,674 |
Tennessee Performing Arts Foundation Nashville, TN | $15,417,761 | $687,136 |