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Ohio Soybean Council FY2020 filing

Not tax-deductible

Worthington, OH501(c)(5)Since 1990EIN 31-1291213

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To promote research within the Soybean industry and to strengthen the industry's position in the marketplace.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
3 of 6
filings with a surplus
Average surplus $186K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $13K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$208K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
Spent
$6.4M
To programs
100%
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$5.1M
FY2020
Revenue by fiscal year
FY2020$5.1M
FY2021$8.1M
FY2022$9.3M
FY2023$10.6M
FY2024$9.3M
FY2025$7.8M
Expenses
$6.4M
FY2020
Expenses by fiscal year
FY2020$6.4M
FY2021$5.2M
FY2022$8.1M
FY2023$9.4M
FY2024$10.4M
FY2025$9.6M
Net assets
$4.9M
FY2020
Net assets by fiscal year
FY2020$4.9M
FY2021$7.7M
FY2022$8.9M
FY2023$10.2M
FY2024$9.1M
FY2025$7.3M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 ruling in Nov 1990.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $6.4M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ohio Soybean Council executive salaries →

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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

Supports soybean research and market competitiveness.

Provided by the organization

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1 program service account for $6.4M of program spending, described in the organization's own filed words · FY2019.
01

Maximized the profitability of ohio's soybean checkoff funds in targeted domestic and international research, promotion and communication initiatives.

$6.4Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Ohio Egg Marketing ProgramFY2024$13K
Total grants receivedfrom 1 funder$13K
Grants paid · 1 grant · $300K · 2023–2023
Ohio Soybean Council FoundationOH · FY2023$300,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$5.1M
Ln 12
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$106K
Money outPt IX
$6.4M
Ln 25
Programscol B$6.4M
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$5.1M
LiabilitiesLn 26$208K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.0M
Investment incomeLn 3$106K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$4.7M
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$420K
Total assetsLn 16$5.1M
LiabilitiesLn 26$208K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
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 FY20End FY20
Cash and savingsLn 1–2$5.9M$4.7M
InvestmentsLn 11–13$438K$420K
Total assetsLn 16$6.3M$5.1M
LiabilitiesLn 26$106K$208K
Net assetsLn 32$6.2M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Payments to affiliatesLn 21$100K$100K
Other expenses (24a–d)Ln 24$6.3M$6.3M
Total functional expensesLn 25$6.4M$6.4M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.8M$9.6M−$1.7M$7.3M 990 PDF
FY2024 $9.3M$10.4M−$1.1M$9.1M 990 PDF
FY2023 $10.6M$9.4M$1.2M$10.2M 990 PDF
FY2022 $9.3M$8.1M$1.2M$8.9M 990 PDF
FY2021 $8.1M$5.2M$2.8M$7.7M 990 PDF
FY2020 Viewing $5.1M$6.4M−$1.3M$4.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $5,115,089 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,026,627$5,026,627
VIII-3 Investment incomeExcluded from tax $105,977$105,977
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$17,515−$17,515
VIII-12 Total revenueRelated to mission $5,009,112 · Excluded from tax $105,977$5,115,089
Part IX · Statement of functional expenses $6,417,188 across 2 lines filed
IX-21 Payments to affiliatesPrograms $100,000$100,000
IX-24 Other expenses (24a–d)Programs $6,317,188$6,317,188
IX-25 Total functional expensesPrograms $6,417,188 · Management $0 · Fundraising $0$6,417,188
Part X · Balance sheet $5,106,499 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $5,868,802$4,686,459
X-13 Program-related investmentsStart of year $437,555$420,040
X-16 Total assetsStart of year $6,306,357$5,106,499
X-25 Other liabilitiesStart of year $105,893$208,134
X-26 Total liabilitiesStart of year $105,893$208,134
X-27 Net assets without donor restrictionsStart of year $6,200,464$4,898,365
X-32 Total net assets or fund balancesStart of year $6,200,464$4,898,365
X-33 Total liabilities and net assetsStart of year $6,306,357$5,106,499
Part XI · Reconciliation of net assets $4,898,365 net assets at year end
XI-1 Total revenue$5,115,089
XI-2 Total expenses$6,417,188
XI-3 Revenue less expenses−$1,302,099
XI-4 Net assets at start of year$6,200,464
XI-10 Net assets at end of year$4,898,365

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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