Iowa Corn Promotion Board

Not tax-deductible

Johnston, IA501(c)(5)Since 1977Mutual / membership EIN 42-1113939Revenue $23.7M in FY2025Latest return filed Mar 4, 2026

On file with the IRSiowacorn.org5505 Nw 88th St Ste 100, 50131-2948 · Johnston, IATax-exempt since Jun 1979

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Creating opportunities for long-term Iowa Corn grower profitability.

501(c)(5) labor or agricultural organization; gifts are not tax-deductible as charitable contributions.
Run by 487 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · 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
3 of 6
filings with a surplus
Average surplus $194K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$772K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $66K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$257K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$23.7M
+4% vs prior year
Spent
$25.2M
Net assets
$20.8M
By yearFY2020–FY2025
Revenue
$23.7M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$22.0M
FY2021$21.2M
FY2022$24.5M
FY2023$21.6M
FY2024$22.9M
FY2025$23.7M
Expenses
$25.2M
FY2025▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$18.6M
FY2021$18.9M
FY2022$21.2M
FY2023$21.9M
FY2024$29.0M
FY2025$25.2M
Net assets
$20.8M
FY2025▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$23.1M
FY2021$25.4M
FY2022$28.7M
FY2023$28.4M
FY2024$22.3M
FY2025$20.8M

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 Jun 1979.

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

Who runs it and what they're paid

15 people listed on the 990; $772K 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
Chief Executive Officer
$491,342Pt VII · Sec A
VP of Finance (thru 7/24)
$153,123Pt VII · Sec A
Senior Director of Finance
$97,634Pt VII · Sec A
$7,400Pt VII · Sec A
President
$7,000Pt VII · Sec A
$4,200Pt VII · Sec A
Vice President
$3,300Pt VII · Sec A
$2,900Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Craig Floss$491,342$489,495$464,338$436,919$406,647$398,466
Julie Kirby$153,123$225,634$215,316$209,859$203,455$192,260
Valerie Sanchez$97,634—————
Wayne Humphreys————$5,050$11,100
Stan Nelson$7,400$4,300$4,700$2,000$1,300$3,900
Ralph Lents$7,000$4,800$4,900$3,950$2,150$2,600
Roger Zylstra———$3,800$4,450$6,400
Larry Buss—$5,375$6,300$3,550$2,425$5,325

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 Iowa Corn Promotion Board 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

Promotes long-term profitability for Iowa corn growers.

Questions for Iowa Corn Promotion Board

Tap to ask. Iowa Corn Promotion Board sees how many people are interested.

Your first name shows with your question. Iowa Corn Promotion Board answers here, for everyone.

3 programs · in their own filed words · FY2024
01

Education/Promotions

The iowa corn promotion board (icpb) educational programs work to reach both producer and consumer audiences about the economic and environmental vitality of the corn industry in the state of iowa. Education about corn and the products made from corn happens through advertising, earned media, and various promotional events.

Pt IX · col B
02

Market Development

The iowa corn promotion board (icpb) participates in activities and programs that expand domestic and international markets to increase demand for corn in all forms. Icpb partners with the us meat export federation and the us grains council to build demand internationally for corn and corn PRODUCTS/MEAT.

Pt IX · col B
03

Research

The iowa corn promotion board invests in research and business development to develop higher value industrial uses for corn to increase the demand and the value of corn as a raw material. The research programs also put corn grower dollars to work by developing corn traits to improve production efficiency of growing corn.

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 · received and paid
Grants received · FY2020
Total grants receivedfrom 1 funder$66K
Grants paid · 6 grants · $126.4M · 2019–2024
Iowa Corn Growers AssociationIA · FY2024$23,654,916
Iowa Corn Growers AssociationIA · FY2023$27,439,493
Iowa Corn Growers AssociationIA · FY2022$20,408,901
Iowa Corn Growers AssociationIA · FY2021$19,873,589
Iowa Corn Growers AssociationIA · FY2020$17,594,990
Iowa Corn Growers AssociationIA · FY2019$17,439,221

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$23.7M
Ln 12
Fees for servicesLn 2g$23.1M
Investment incomeLn 3$562K
Money outPt IX
$25.2M
Ln 25
Owns and owesPt X
$20.8M
net assets · Ln 32
Cash and savingsLn 1–2$15.2M
Total assetsLn 16$21.0M
LiabilitiesLn 26$257K
PeoplePt VI, VII
15
listed · VII A
PaidVII A13
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$23.1M
Investment incomeLn 3$562K
Gains on assetsLn 7$53K
Total revenueLn 12$23.7M
Assets in detailPt X, end of year
CashLn 1$15.2M
Cash and savings togetherLn 1–2$15.2M
Land, buildings, equipmentLn 10c$504K
Total assetsLn 16$21.0M
LiabilitiesLn 26$257K
Net assetsLn 32$20.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6487
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$18.5M$15.2M
Land, buildings, equipmentLn 10c$254K$504K
Total assetsLn 16$22.7M$21.0M
LiabilitiesLn 26$420K$257K
Net assetsLn 32$22.3M$20.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$23.7M
Pay of current officers, directors and key staffLn 5$46K
Legal feesLn 11b$33K
Accounting feesLn 11c$25K
Other fees for servicesLn 11g$61K
Office expensesLn 13$64K
OccupancyLn 16$310K
TravelLn 17$145K
Conferences, conventions and meetingsLn 19$28K
InterestLn 20$3K
Depreciation, depletion and amortizationLn 22$203K
InsuranceLn 23$597K
Other expenses (24a–d)Ln 24$61K
Total functional expensesLn 25$25.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Mar 4, 2026 $23.7M$25.2M−$1.5M$20.8M 990 PDF
FY2024Filed with the IRS Apr 1, 2025 $22.9M$29.0M−$6.1M$22.3M 990 PDF
FY2023Filed with the IRS Apr 18, 2024 $21.6M$21.9M−$315K$28.4M 990 PDF
FY2022Filed with the IRS Mar 13, 2023 $24.5M$21.2M$3.3M$28.7M 990 PDF
FY2021Filed with the IRS Mar 24, 2022 $21.2M$18.9M$2.3M$25.4M 990 PDF
FY2020Filed with the IRS Mar 26, 2021 $22.0M$18.6M$3.4M$23.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $23,708,518 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $22,107,765$23,146,710
I-10 Investment incomePrior year $797,883$561,808
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $22,905,648$23,708,518
I-13 Grants and similar amounts paidPrior year $27,439,493$23,654,916
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $46,850$45,500
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,496,497$1,531,818
I-18 Total expensesPrior year $28,982,840$25,232,234
I-19 Revenue less expensesPrior year −$6,077,192−$1,523,716
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $23,708,518 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,146,710$23,146,710
VIII-3 Investment incomeExcluded from tax $508,908$508,908
VIII-7 Net gain or loss on sales of assetsRelated to mission $52,900$52,900
VIII-12 Total revenueRelated to mission $23,199,610 · Unrelated business $0 · Excluded from tax $508,908$23,708,518
Part IX · Statement of functional expenses $25,232,234 across 13 lines filed
IX-1 Grants to domestic organizations$23,654,916
IX-5 Pay of current officers, directors and key staff$45,500
IX-11b Legal fees$33,037
IX-11c Accounting fees$25,250
IX-11g Other fees for services$61,484
IX-13 Office expenses$64,431
IX-16 Occupancy$310,087
IX-17 Travel$144,525
IX-19 Conferences, conventions and meetings$28,182
IX-20 Interest$2,748
IX-22 Depreciation, depletion and amortization$203,448
IX-23 Insurance$597,132
IX-24 Other expenses (24a–d)$61,494
IX-25 Total functional expenses$25,232,234
Part X · Balance sheet $21,044,256 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $18,488,797$15,243,943
X-4 Accounts receivableStart of year $3,925,630$5,225,743
X-9 Prepaid expenses and deferred chargesStart of year $62,166$70,894
X-10c Land, buildings and equipment, netStart of year $254,365$503,676
X-16 Total assetsStart of year $22,730,958$21,044,256
X-17 Accounts payable and accrued expensesStart of year $375,948$225,097
X-25 Other liabilitiesStart of year $43,567$31,432
X-26 Total liabilitiesStart of year $419,515$256,529
X-27 Net assets without donor restrictionsStart of year $22,311,443$20,787,727
X-32 Total net assets or fund balancesStart of year $22,311,443$20,787,727
X-33 Total liabilities and net assetsStart of year $22,730,958$21,044,256
Part XI · Reconciliation of net assets $20,787,727 net assets at year end
XI-1 Total revenue$23,708,518
XI-2 Total expenses$25,232,234
XI-3 Revenue less expenses−$1,523,716
XI-4 Net assets at start of year$22,311,443
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$20,787,727

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

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