Illinois Soybean Board

Not tax-deductible

Bloomington, IL501(c)(5)Since 1974EIN 37-6152654Revenue $19.3M in FY2025

On file with the IRSilsoy.org1108 Trinity Ln, 61704-8109 · Bloomington, ILTax-exempt since Jul 1975

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To ensure Illinois soy is the highest quality, most dependable, sustainable and competitive in the global marketplace.

63¢ of each $1 spent went to programs.
$251K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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
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
5 of 6
filings with a surplus
Average surplus $1.9M a year · 10% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$251K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.7M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 23 voting members
Looks good: 23 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.3M
-6% vs prior year
Spent
$18.2M
To programs
63%
Net assets
$20.2M
By yearFY2020–FY2025
Revenue
$19.3M
FY2025▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.6M
FY2021$17.5M
FY2022$21.8M
FY2023$23.9M
FY2024$20.5M
FY2025$19.3M
Expenses
$18.2M
FY2025▼ -27%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.3M
FY2021$12.2M
FY2022$17.5M
FY2023$20.8M
FY2024$24.9M
FY2025$18.2M
Net assets
$20.2M
FY2025▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.8M
FY2021$16.2M
FY2022$20.5M
FY2023$23.6M
FY2024$19.1M
FY2025$20.2M

From the FY2025 Form 990 (year ending August 2025) · 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 Jul 1975.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $11.5M Management & general 37% · $6.7M

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

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Who runs it and what they're paid

24 people listed on the 990; $251K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$251,289Pt VII · Sec A
Vice-Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Asst Secretary-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023
John Lumpe$251,289$237,684$224,990
Kathryn Owen——$82,883

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Illinois Soybean Board 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 15aYes

Programs and updates

Promoting Illinois soybeans for top quality, reliability, and global market success.

Questions for Illinois Soybean Board

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Provided by the organization

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3 programs · $11.5M · in their own filed words · FY2024
01

Market Development

Support the efforts to develop markets and increase public knowledge of value and benefits of soybeans and soybean production.

$4.9Mprogram expense
02

Soybean Production

Identifying new uses for soy, better measuring conservation practices, identifying best management practices for producers and increasing domestic biodiesel consumption.

$4.6Mprogram expense
03

Communications

To communicate information to help illinois soybean farmers become market leaders in sustainable soybean production and profitability.

$2.0Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$19.3M
Ln 12
Fees for servicesLn 2g$18.3M
Gifts and grantsLn 1h$714K
Investment incomeLn 3$293K
Money outPt IX
$18.2M
Ln 25
Programscol B$11.5M
Managementcol C$6.7M
Owns and owesPt X
$20.2M
net assets · Ln 32
Cash and savingsLn 1–2$14.1M
Total assetsLn 16$22.9M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
24
listed · VII A
PaidVII A1
Voting boardVI 1a23
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$714K
Government grantsLn 1e$714K
Fees for servicesLn 2g$18.3M
Investment incomeLn 3$293K
Total revenueLn 12$19.3M
Assets in detailPt X, end of year
CashLn 1$8.8M
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$14.1M
Land, buildings, equipmentLn 10c$8.1M
Other assetsLn 15$513K
Total assetsLn 16$22.9M
LiabilitiesLn 26$2.7M
Net assetsLn 32$20.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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$15.4M$14.1M
Land, buildings, equipmentLn 10c$8.4M$8.1M
Total assetsLn 16$24.5M$22.9M
LiabilitiesLn 26$5.4M$2.7M
Net assetsLn 32$19.1M$20.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$251K$126K$126K
Other salaries and wagesLn 7$3.5M$3.2M$353K
Pension plan contributionsLn 8$551K$496K$55K
Other employee benefitsLn 9$478K$430K$48K
Payroll taxesLn 10$292K$263K$29K
Management feesLn 11a$11.4M$6.6M$4.7M
Legal feesLn 11b$124K$124K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$101K$91K$10K
Office expensesLn 13$48K$48K
Information technologyLn 14$182K$182K
OccupancyLn 16$302K$311$302K
Conferences, conventions and meetingsLn 19$457K$260K$197K
Depreciation, depletion and amortizationLn 22$317K$317K
InsuranceLn 23$52K$52K
Other expenses (24a–d)Ln 24$92K$92K
Total functional expensesLn 25$18.2M$11.5M$6.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $19.3M$18.2M$1.1M$20.2M 990 PDF
FY2024 $20.5M$24.9M−$4.5M$19.1M 990 PDF
FY2023 $23.9M$20.8M$3.1M$23.6M 990 PDF
FY2022 $21.8M$17.5M$4.3M$20.5M 990 PDF
FY2021 $17.5M$12.2M$5.4M$16.2M 990 PDF
FY2020 $12.6M$10.3M$2.3M$10.8M 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 FY2025 990 (6 parts)
Part I · Summary $19,279,679 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$714,297
I-9 Program service revenuePrior year $19,888,306$18,271,931
I-10 Investment incomePrior year $580,909$293,451
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $20,469,215$19,279,679
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $4,842,917$5,103,557
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $20,103,452$13,060,579
I-18 Total expensesPrior year $24,946,369$18,164,136
I-19 Revenue less expensesPrior year −$4,477,154$1,115,543
Part VI · Governance 23 of 23 board members independent, no flags
VI-1a Voting members of the governing body23
VI-1b Independent voting members23
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,279,679 across 5 lines filed
VIII-1e Government grants$714,297
VIII-1h Total contributions, gifts and grants$714,297
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,271,931$18,271,931
VIII-3 Investment incomeExcluded from tax $293,451$293,451
VIII-12 Total revenueRelated to mission $18,271,931 · Unrelated business $0 · Excluded from tax $293,451$19,279,679
Part IX · Statement of functional expenses $18,164,136 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $125,645 · Management $125,644$251,289
IX-7 Other salaries and wagesPrograms $3,178,856 · Management $353,206$3,532,062
IX-8 Pension plan contributionsPrograms $495,716 · Management $55,080$550,796
IX-9 Other employee benefitsPrograms $429,899 · Management $47,767$477,666
IX-10 Payroll taxesPrograms $262,570 · Management $29,174$291,744
IX-11a Management feesPrograms $6,641,765 · Management $4,725,395$11,367,160
IX-11b Legal feesManagement $124,352$124,352
IX-11c Accounting feesManagement $17,500$17,500
IX-11g Other fees for servicesPrograms $90,941 · Management $10,105$101,046
IX-13 Office expensesManagement $48,439$48,439
IX-14 Information technologyManagement $181,952$181,952
IX-16 OccupancyPrograms $311 · Management $301,645$301,956
IX-19 Conferences, conventions and meetingsPrograms $259,770 · Management $196,947$456,717
IX-22 Depreciation, depletion and amortizationManagement $317,456$317,456
IX-23 InsuranceManagement $52,042$52,042
IX-24 Other expenses (24a–d)Management $91,959$91,959
IX-25 Total functional expensesPrograms $11,485,473 · Management $6,678,663 · Fundraising $0$18,164,136
Part X · Balance sheet $22,929,564 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $8,576,799$8,778,211
X-2 Savings and temporary cash investmentsStart of year $6,822,016$5,340,404
X-4 Accounts receivableStart of year $27,626$88,954
X-9 Prepaid expenses and deferred chargesStart of year $113,097$72,201
X-10c Land, buildings and equipment, netStart of year $8,354,220$8,136,710
X-15 Other assetsStart of year $647,134$513,084
X-16 Total assetsStart of year $24,540,892$22,929,564
X-17 Accounts payable and accrued expensesStart of year $4,741,423$2,188,291
X-25 Other liabilitiesStart of year $672,538$533,044
X-26 Total liabilitiesStart of year $5,413,961$2,721,335
X-27 Net assets without donor restrictionsStart of year $19,126,931$20,208,229
X-32 Total net assets or fund balancesStart of year $19,126,931$20,208,229
X-33 Total liabilities and net assetsStart of year $24,540,892$22,929,564
Part XI · Reconciliation of net assets $20,208,229 net assets at year end
XI-1 Total revenue$19,279,679
XI-2 Total expenses$18,164,136
XI-3 Revenue less expenses$1,115,543
XI-4 Net assets at start of year$19,126,931
XI-5 Net unrealized gains (losses) on investments−$34,245
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,208,229

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

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