philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Delaware Soybean Board FY2022 filing

Salisbury, MDUnknown exempt organizationSince 1985 EIN 20-4402220Revenue $490K in FY2022

On file with the IRSdesoybeans.orgP O Box 319 · Salisbury, MD

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To collect assessments and disburse the money collected to fund projects related to marketing, promotion of soybeans and new uses, Soybean education, and Soybean research to decrease production costs to farmers.

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $50K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$490K
+25% vs prior year
Spent
$424K
To programs
91%
Net assets
$264K
By yearFY2021–FY2025
Revenue
$490K
FY2022▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2021$393K
FY2022$490K
FY2023$469K
FY2024$446K
FY2025$345K
Expenses
$424K
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2021$305K
FY2022$424K
FY2023$396K
FY2024$441K
FY2025$329K
Net assets
$264K
FY2022▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2021$198K
FY2022$264K
FY2023$336K
FY2024$342K
FY2025$358K

From the FY2022 Form 990 (year ending September 2022) · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $385K Management & general 9% · $39K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Cory Atkins
Chairman
$0Pt VII · Sec A
Mike Clay
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chad Dempsey
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Rogers
Director
$0Pt VII · Sec A
See Delaware Soybean Board executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds projects promoting soybean exports, research, and educating farmers and consumers.

Questions for Delaware Soybean Board

Tap to ask. Delaware Soybean Board sees how many people are interested.

Your first name shows with your question. Delaware Soybean Board answers here, for everyone.

Provided by the organization

Know this org? Add your story

3 programs · $385K · in their own filed words · FY2021
01

Required by federal law to forward half the assessments collected to the united soybean board.

$240Kprogram expense
02

Promotion of soybeans at various fairs and meetings, educational programs on soybeans and their many uses, communication of board activities through news releases, newsletters, annual report, and social media.

$76Kprogram expense
03

To fund in-state (delaware) soybean related research.

$70Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $1.3M · 2020–2024
United States Soybean BoardFY2024$159,859
University of DelawareDE · FY2024$57,275
United States Soybean BoardFY2023$214,664
University of DelawareDE · FY2023$73,501
United States Soybean BoardFY2022$224,997
University of DelawareDE · FY2022$55,932
United States Soybean BoardFY2021$239,649
University of DelawareDE · FY2021$69,627
United States Soybean BoardFY2020$185,978
University of DelawareDE · FY2020$28,775

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$490K
Ln 12
Fees for servicesLn 2g$479K
Gifts and grantsLn 1h$8K
Other incomeLn 4–11$2K
Money outPt IX
$424K
Ln 25
Programscol B$385K
Managementcol C$39K
Owns and owesPt X
$264K
net assets · Ln 32
Cash and savingsLn 1–2$297K
Total assetsLn 16$308K
LiabilitiesLn 26$44K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$479K
Investment incomeLn 3$77
Other incomeLn 4–11$2K
Total revenueLn 12$490K
Assets in detailPt X, end of year
CashLn 1$197K
SavingsLn 2$100K
Cash and savings togetherLn 1–2$297K
Land, buildings, equipmentLn 10c$6K
Total assetsLn 16$308K
LiabilitiesLn 26$44K
Net assetsLn 32$264K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$211K$297K
Land, buildings, equipmentLn 10c$7K$6K
Total assetsLn 16$223K$308K
LiabilitiesLn 26$25K$44K
Net assetsLn 32$198K$264K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$309K$309K
Management feesLn 11a$26K$26K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$76K$76K
Office expensesLn 13$843$843
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$800$800
Other expenses (24a–d)Ln 24$4K$4K
Total functional expensesLn 25$424K$385K$39K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $345K$329K$17K$358K 990 PDF
FY2024Filed with the IRS Apr 9, 2025 $446K$441K$5K$342K 990 PDF
FY2023Filed with the IRS Mar 8, 2024 $469K$396K$73K$336K 990 PDF
FY2022 ViewingFiled with the IRS Feb 10, 2023 $490K$424K$66K$264K 990 PDF
FY2021Filed with the IRS Feb 28, 2022 $393K$305K$88K$198K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $489,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,926$8,127
I-9 Program service revenuePrior year $378,332$479,325
I-10 Investment incomePrior year $912$77
I-11 Other revenuePrior year $368$2,266
I-12 Total revenuePrior year $392,538$489,795
I-13 Grants and similar amounts paidPrior year $214,753$309,276
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $90,116$114,829
I-18 Total expensesPrior year $304,869$424,105
I-19 Revenue less expensesPrior year $87,669$65,690
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $489,795 across 6 lines filed
VIII-1f All other contributions, gifts and grants$8,127
VIII-1h Total contributions, gifts and grants$8,127
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $479,325$479,325
VIII-3 Investment incomeRelated to mission $77$77
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,266$2,266
VIII-12 Total revenueRelated to mission $481,668 · Unrelated business $0 · Excluded from tax $0$489,795
Part IX · Statement of functional expenses $424,105 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $309,276$309,276
IX-11a Management feesManagement $25,603$25,603
IX-11c Accounting feesManagement $6,700$6,700
IX-11g Other fees for servicesPrograms $76,138$76,138
IX-13 Office expensesManagement $843$843
IX-22 Depreciation, depletion and amortizationManagement $1,038$1,038
IX-23 InsuranceManagement $800$800
IX-24 Other expenses (24a–d)Management $3,707$3,707
IX-25 Total functional expensesPrograms $385,414 · Management $38,691 · Fundraising $0$424,105
Part X · Balance sheet $307,817 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $210,562$197,435
X-2 Savings and temporary cash investments$100,000
X-4 Accounts receivableStart of year $5,735$4,583
X-10c Land, buildings and equipment, netStart of year $6,837$5,799
X-16 Total assetsStart of year $223,134$307,817
X-17 Accounts payable and accrued expensesStart of year $17,214$28,178
X-18 Grants payableStart of year $7,769$15,798
X-26 Total liabilitiesStart of year $24,983$43,976
X-27 Net assets without donor restrictionsStart of year $198,151$263,841
X-32 Total net assets or fund balancesStart of year $198,151$263,841
X-33 Total liabilities and net assetsStart of year $223,134$307,817
Part XI · Reconciliation of net assets $263,841 net assets at year end
XI-1 Total revenue$489,795
XI-2 Total expenses$424,105
XI-3 Revenue less expenses$65,690
XI-4 Net assets at start of year$198,151
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$263,841

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.