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American Soybean Association

Not tax-deductible

Saint Louis, MO501(c)(5)Since 1946EIN 42-0688064Revenue $40.9M in FY2025

On file with the IRSsoygrowers.com12647 Olive Blvd Ste 410, 63141-6345 · Saint Louis, MOTax-exempt since Aug 1981

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The Association strives to serve farmers by advocating, protecting and increasing the market value and opportunities for Soybean farmers by leading a successful Soybean industry that is meeting the food, feed and energy needs of a growing world. This is achieved by asa volunteer leadership and professional staff guided by principles of integrity, member driven, openness, service and stewardship in carrying out their governing and management duties on behalf of its members.

Run by 68 volunteers and 49 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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
6 of 6
filings with a surplus
Average surplus $455K a year · 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$2.5M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $242K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.9M
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
63
of 63 voting members
Looks good: 63 of 63 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40.9M
+9% vs prior year
Spent
$40.7M
Net assets
$9.0M
By yearFY2020–FY2025
Revenue
$40.9M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$31.4M
FY2021$31.4M
FY2022$40.6M
FY2023$40.4M
FY2024$37.3M
FY2025$40.9M
Expenses
$40.7M
FY2025▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$30.9M
FY2021$30.1M
FY2022$40.2M
FY2023$40.3M
FY2024$37.1M
FY2025$40.7M
Net assets
$9.0M
FY2025▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.3M
FY2021$7.7M
FY2022$7.4M
FY2023$7.8M
FY2024$8.7M
FY2025$9.0M

From the FY2025 Form 990 (year ending September 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 Aug 1981.

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

Who runs it and what they're paid

75 people listed on the 990; $2.5M 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
Stephen Censky
Chief Executive Officer
$498,011Pt VII · Sec A
Christy Seyfert
Executive Director of Government
$289,756Pt VII · Sec A
Wendy Brannen
Senior Director of Marketi
$182,975Pt VII · Sec A
Brian Vaught
Chief Financial Officer
$181,631Pt VII · Sec A
Scott Gerlt
Chief Economist
$180,292Pt VII · Sec A
Kyle Kunkler
Director of Government Affairs
$180,152Pt VII · Sec A
Melanie Fitzpatrick
Executive Director
$180,094Pt VII · Sec A
Alexa Combelic
Director of Government
$166,462Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen Censky$498,011$462,952————
Steven Censky——$412,904$406,023$50,692—
Christy Seyfert$289,756$281,316$272,121$267,594——
Chris Seyfert————$273,280—
Ryan Findlay————$272,324$269,418
Elizabeth Hare———$188,869$172,913$158,650
Brian Vaught$181,631$170,052$164,265$162,332$188,275$142,164
Wendy Brannen$182,975$177,834$173,279$171,715$163,741—

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 American Soybean Association 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

Advocates for U.S. soybean farmers by lobbying the federal government on key issues like trade, infrastructure, and agricultural policy to promote the industry.

Questions for American Soybean Association

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Government affairs team advocates and education to the U.S. Federal government in both the executive and legislative branch, include agencies such as U.S. Department of agriculture and the environmental protection agency.

Pt IX · col B
02

Programs, meetings, and events includes activities and projects of the association's industry relations sponsored programs, including development and training programs, commodity classic, conservation programs, etc., as well as the association's action partnership and the association's innovation to market programs.

Pt IX · col B
03

International marketing (im) activities includes activities and projects implemented by wishh and ussec.

Pt IX · col B

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
Wisconsin Soybean Marketing Board INCFY2024$142K
Indiana Soybean Alliance INCFY2024$100K
Total grants receivedfrom 2 funders$242K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$40.9M
Ln 12
Gifts and grantsLn 1h$27.7M
Fees for servicesLn 2g$10.7M
Other incomeLn 4–11$2.1M
Money outPt IX
$40.7M
Ln 25
Owns and owesPt X
$9.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.4M
Total assetsLn 16$20.9M
LiabilitiesLn 26$11.9M
PeoplePt VI, VII
75
listed · VII A
PaidVII A12
Voting boardVI 1a63
IndependentVI 1b63
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$27.7M
Government grantsLn 1e$27.7M
Fees for servicesLn 2g$10.7M
Investment incomeLn 3$421K
Other incomeLn 4–11$2.1M
Gains on assetsLn 7$185K
Total revenueLn 12$40.9M
Assets in detailPt X, end of year
CashLn 1$269K
SavingsLn 2$5.2M
Cash and savings togetherLn 1–2$5.4M
InvestmentsLn 11–13$6.2M
Land, buildings, equipmentLn 10c$196K
Other assetsLn 15$2.1M
Total assetsLn 16$20.9M
LiabilitiesLn 26$11.9M
Net assetsLn 32$9.0M
OperationsPt I, VI
EmployeesI 549
VolunteersI 668
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 FY25End FY25
Cash and savingsLn 1–2$7.7M$5.4M
InvestmentsLn 11–13$5.8M$6.2M
Land, buildings, equipmentLn 10c$201K$196K
Total assetsLn 16$25.0M$20.9M
LiabilitiesLn 26$16.3M$11.9M
Net assetsLn 32$8.7M$9.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$710K
Other salaries and wagesLn 7$6.2M
Other employee benefitsLn 9$362K
Accounting feesLn 11c$37K
Investment management feesLn 11f$60K
Other fees for servicesLn 11g$5.2M
Office expensesLn 13$356K
Information technologyLn 14$90K
OccupancyLn 16$479K
TravelLn 17$2.3M
Depreciation, depletion and amortizationLn 22$49K
InsuranceLn 23$82K
Other expenses (24a–d)Ln 24$24.8M
Total functional expensesLn 25$40.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $40.9M$40.7M$148K$9.0M 990 PDF
FY2024 $37.3M$37.1M$189K$8.7M 990 PDF
FY2023 $40.4M$40.3M$177K$7.8M 990 PDF
FY2022 $40.6M$40.2M$407K$7.4M 990 PDF
FY2021 $31.4M$30.1M$1.3M$7.7M 990 PDF
FY2020 $31.4M$30.9M$513K$6.3M 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 $40,866,195 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,214,701$27,675,607
I-9 Program service revenuePrior year $11,811,108$10,679,463
I-10 Investment incomePrior year $340,543$421,286
I-11 Other revenuePrior year $1,962,136$2,089,839
I-12 Total revenuePrior year $37,328,488$40,866,195
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 $6,661,272$7,247,126
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30,477,852$33,471,415
I-18 Total expensesPrior year $37,139,124$40,718,541
I-19 Revenue less expensesPrior year $189,364$147,654
Part VI · Governance 63 of 63 board members independent, no flags
VI-1a Voting members of the governing body63
VI-1b Independent voting members63
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 $40,866,195 across 8 lines filed
VIII-1e Government grants$27,675,607
VIII-1h Total contributions, gifts and grants$27,675,607
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $10,674,198 · Unrelated business $5,265$10,679,463
VIII-3 Investment incomeExcluded from tax $236,057$236,057
VIII-5 RoyaltiesExcluded from tax $615,000$615,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax $185,229$185,229
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $40,500 · Excluded from tax $1,434,339$1,474,839
VIII-12 Total revenueRelated to mission $10,674,198 · Unrelated business $45,765 · Excluded from tax $2,470,625$40,866,195
Part IX · Statement of functional expenses $40,718,541 across 13 lines filed
IX-5 Pay of current officers, directors and key staff$710,285
IX-7 Other salaries and wages$6,175,275
IX-9 Other employee benefits$361,566
IX-11c Accounting fees$37,251
IX-11f Investment management fees$59,524
IX-11g Other fees for services$5,181,687
IX-13 Office expenses$356,187
IX-14 Information technology$90,319
IX-16 Occupancy$479,434
IX-17 Travel$2,300,632
IX-22 Depreciation, depletion and amortization$49,255
IX-23 Insurance$82,015
IX-24 Other expenses (24a–d)$24,835,111
IX-25 Total functional expenses$40,718,541
Part X · Balance sheet $20,857,378 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $1,120,372$268,642
X-2 Savings and temporary cash investmentsStart of year $6,567,374$5,177,093
X-3 Pledges and grants receivableStart of year $4,080,003$2,674,460
X-4 Accounts receivableStart of year $4,410,331$4,002,462
X-9 Prepaid expenses and deferred chargesStart of year $316,989$174,011
X-10c Land, buildings and equipment, netStart of year $200,830$195,728
X-11 Publicly traded securitiesStart of year $5,478,043$5,937,377
X-12 Other securitiesStart of year $312,500$312,500
X-15 Other assetsStart of year $2,483,471$2,115,105
X-16 Total assetsStart of year $24,969,913$20,857,378
X-17 Accounts payable and accrued expensesStart of year $6,499,648$4,610,123
X-18 Grants payableStart of year $513,772$532,271
X-19 Deferred revenueStart of year $6,494,287$4,286,464
X-25 Other liabilitiesStart of year $2,766,881$2,437,154
X-26 Total liabilitiesStart of year $16,274,588$11,866,012
X-27 Net assets without donor restrictionsStart of year $8,695,325$8,991,366
X-32 Total net assets or fund balancesStart of year $8,695,325$8,991,366
X-33 Total liabilities and net assetsStart of year $24,969,913$20,857,378
Part XI · Reconciliation of net assets $8,991,366 net assets at year end
XI-1 Total revenue$40,866,195
XI-2 Total expenses$40,718,541
XI-3 Revenue less expenses$147,654
XI-4 Net assets at start of year$8,695,325
XI-5 Net unrealized gains (losses) on investments$148,386
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,991,366

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

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