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Ohio Soybean Association

Not tax-deductible

Worthington, OH501(c)(5)Mutual / membership EIN 23-7167474Revenue $593K in FY2025Latest return filed Mar 21, 2026

On file with the IRSsoyohio.orgWorthington, OHTax-exempt since Apr 1972

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To educate Soybean farmers and promote the use of soybeans.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7167474) · Dispute this line
501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $66K a year · 13% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
7.6 mo
of spending, in cash
Plus $1.2M in investments, Pt X · Ln 11–13
7.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$97K
6% of total assets
Liabilities are 6% of assets.
Pt X · Ln 26
Independent board members
16
of 16 voting members
16 of 16 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$593K
-1% vs prior year
Spent
$540K
To programs
0%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$593K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$412K
FY2021$487K
FY2022$497K
FY2023$501K
FY2024$601K
FY2025$593K
Expenses
$540K
FY2025▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$364K
FY2021$408K
FY2022$420K
FY2023$450K
FY2024$512K
FY2025$540K
Net assets
$1.5M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.4M
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M
FY2025$1.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1972.

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

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rusty Goebel
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ohio Soybean Association executive salaries →

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

Educates soybean farmers and promotes soybean use.

Questions for Ohio Soybean Association

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Your first name shows with your question. Ohio Soybean Association answers here, for everyone.

1 program · $540K · in their own filed words · FY2025
01

To bring together for cooperation and operated exclusively for education and scientific purposes in regards to the production, distribution and utilization of soybeans.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7167474) · Dispute this line
$540Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$593K
Ln 12
Fees for servicesLn 2g$409K
Other incomeLn 4–11$139K
Investment incomeLn 3$45K
Money outPt IX
$540K
Ln 25
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$340K
Total assetsLn 16$1.6M
LiabilitiesLn 26$97K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$409K
Investment incomeLn 3$45K
Other incomeLn 4–11$139K
Gains on assetsLn 7$24K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$340K
Cash and savings togetherLn 1–2$340K
Accounts receivableLn 4$23K
InvestmentsLn 11–13$1.2M
Total assetsLn 16$1.6M
LiabilitiesLn 26$97K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY25End FY25
Cash and savingsLn 1–2$595K$340K
InvestmentsLn 11–13$956K$1.2M
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$100K$97K
Net assetsLn 32$1.5M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other expenses (24a–d)Ln 24$484K
All other expensesLn 24e$56K
Total functional expensesLn 25$540K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 21, 2026 $593K$540K$53K$1.5M 990 PDF
FY2024Filed with the IRS Mar 20, 2025 $601K$512K$89K$1.5M 990 PDF
FY2023Filed with the IRS Mar 19, 2024 $501K$450K$51K$1.4M 990 PDF
FY2022Filed with the IRS Mar 14, 2023 $497K$420K$77K$1.3M 990 PDF
FY2021Filed with the IRS Mar 27, 2022 $487K$408K$79K$1.4M 990 PDF
FY2020Filed with the IRS May 17, 2021 $412K$364K$48K$1.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2025 990
Part I · Summary $593,370 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $414,725$409,087
I-10 Investment incomePrior year $55,654$68,475
I-11 Other revenuePrior year $130,650$115,808
I-12 Total revenuePrior year $601,029$593,370
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $512,365$539,976
I-18 Total expensesPrior year $512,365$539,976
I-19 Revenue less expensesPrior year $88,664$53,394
Part VI · Governance 16 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $593,370 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $409,087$409,087
VIII-3 Investment incomeExcluded from tax $44,869$44,869
VIII-7 Net gain or loss on sales of assetsExcluded from tax $23,606$23,606
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,097 · Unrelated business $108,711$115,808
VIII-12 Total revenueRelated to mission $416,184 · Unrelated business $108,711 · Excluded from tax $68,475$593,370
Part IX · Statement of functional expenses $539,976 across 2 lines filed
IX-24 Other expenses (24a–d)$483,739
IX-24e All other expenses$56,237
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$539,976
Part X · Balance sheet $1,612,431 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $594,891$339,914
X-4 Accounts receivable$22,819
X-11 Publicly traded securitiesStart of year $754,760$1,058,704
X-12 Other securitiesStart of year $201,192$190,994
X-16 Total assetsStart of year $1,550,843$1,612,431
X-17 Accounts payable and accrued expensesStart of year $10,489$5,246
X-19 Deferred revenueStart of year $89,069$92,247
X-26 Total liabilitiesStart of year $99,558$97,493
X-27 Net assets without donor restrictionsStart of year $1,451,285$1,514,938
X-32 Total net assets or fund balancesStart of year $1,451,285$1,514,938
X-33 Total liabilities and net assetsStart of year $1,550,843$1,612,431
Part XI · Reconciliation of net assets $1,514,938 net assets at year end
XI-1 Total revenue$593,370
XI-2 Total expenses$539,976
XI-3 Revenue less expenses$53,394
XI-4 Net assets at start of year$1,451,285
XI-5 Net unrealized gains (losses) on investments$10,259
XI-10 Net assets at end of year$1,514,938

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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