Soybean Research Development Council FY2020 filing

Not tax-deductible

Ankeny, IA501(c)(5)UnclassifiedEIN 39-1899505

Promotion of the soybean industry

$193 paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(5)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
No
Donations are not tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 6
years in the black
Pt I · Ln 19 · 6 filings
What are leaders paid?
$193
to officers and key staff · 0.04% of spending
Pt VII · Sec A
Do they have reserves?
14 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $65K
Funders’ Sch. I, 990-PF
Do they carry debt?
$512K
liabilities
Pt X · Ln 26
Who oversees it?
5
independent of 5 voting board members
Pt VI · Ln 1a–1b
Revenue
$442K
Spent
$444K
Net assets
$81K
By yearFY2020–FY2025
Revenue
$442K
FY2020
Revenue by fiscal year
FY2020$442K
FY2021$687K
FY2022$2.4M
FY2023$2.4M
FY2024$2.0M
FY2025$1.4M
Expenses
$444K
FY2020
Expenses by fiscal year
FY2020$444K
FY2021$689K
FY2022$1.5M
FY2023$2.1M
FY2024$1.8M
FY2025$1.3M
Net assets
$81K
FY2020
Net assets by fiscal year
FY2020$81K
FY2021$79K
FY2022$942K
FY2023$1.2M
FY2024$811K
FY2025$928K

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

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CSoybean Research Development Council
EINHdr · item D39-1899505
Exempt statusHdr · item I501(c)(5) · active
Ruling yearIRS BMFJan 1999
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CAnkeny, IA
NTEE classificationIRS BMFUnclassified (Z99)

Financial health

Is it on solid ground?

Surplus margin
-0.5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$593K
FY2020
Total assets by fiscal year
FY2020$593K
FY2021$631K
FY2022$1.4M
FY2023$1.6M
FY2024$1.6M
FY2025$1.2M
Total liabilities
$512K
FY2020
Total liabilities by fiscal year
FY2020$512K
FY2021$553K
FY2022$488K
FY2023$413K
FY2024$839K
FY2025$236K
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$593K
Program-expense ratioPt IX · col B—
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$535K
Total assetsLn 16$593K
Total liabilitiesLn 26$512K
Total net assetsLn 32$81K
Months of cash on handcomputed14.5

Statement of Revenue

Part VIII
Program service revenue100%$440K
Investment income$2K
Total revenueLn 12$442K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $535K · Operating expenses/yr $444K
14.5 months
Where the money goes
Program services
Program services — · Total expenses $444K
—
Management & General
Management & general — · Total expenses $444K
—
Fundraising
Fundraising — · Total expenses $444K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $442K
0%
Government reliance
Government grants — · Total revenue $442K
—
Earned-income share
Program service revenue $440K · Total revenue $442K
100%
Investment reliance
Investment income $2K · Total revenue $442K
+0.5%
Program self-sufficiency
Program service revenue $440K · Total expenses $444K
99%
Growth & trend
Revenue growth (YoY)
This year $442K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $81K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $442K · Expenses $444K
-0.5%
Liabilities-to-Assets
Total liabilities — · Total assets $593K
—
Net-asset ratio
Net assets $81K · Total assets $593K
14%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $593K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Donna Donovan · Reported title CHIEF FINANCIAL OFFICER · Highest reported compensation $193 · Total expenses $444K
0.04%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2K · Total expenses $444K
0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown. Peer cohort: .

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Financial Officer
$193Pt VII · Sec A
President, Through 9/10
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary, Beginning 9/10
$0Pt VII · Sec A
President Elect, Beginning 9/10
$0Pt VII · Sec A
President, Beginning 9/10
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
At Large, Beginning 9/10
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Matt Herman—$41,589$184,653———
Kirk Leeds$8,627$1,733————
Steve McGinnis—$1,291$654$582$508—
Aaron Putze—$423————
Donna Donovan—————$193

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 Soybean Research Development Council executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Promotes the soybean industry through research and education.

Provided by the organization

This section is blank until Soybean Research Development Council claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2019.
01

To improve the production and utilization of soybeans and soybean products, to better the conditions of those engaged in the production and utilization of soybeans and soybean products, and to develop a higher degree of efficiency.

Pt IX · col B

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$65K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $1.4M$1.3M-29% 990 PDF
FY2024 $2.0M$1.8M-16% 990 PDF
FY2023 $2.4M$2.1M-0.7% 990 PDF
FY2022 $2.4M$1.5M+246% 990 PDF
FY2021 $687K$689K+55% 990 PDF
FY2020 Viewing $442K$444K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Soybean Research Development Council →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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 peer-cohort and compensation comparisons above.