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American Soybean Association

Not tax-deductible

Jackson, TN501(c)(5)EIN 62-1470823Revenue $498K in FY2025

On file with the IRS100 Executive Dr, 38305-2319 · Jackson, TNTax-exempt since Oct 1992

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Management & promotion of Soybean products

9¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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
4 of 6
filings with a surplus
Average deficit $3K a year · under 1% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
9%
of spending
Concern: 9% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$498K
-11% vs prior year
Spent
$583K
To programs
9%
Net assets
$218K
By yearFY2020–FY2025
Revenue
$498K
FY2025▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$494K
FY2021$476K
FY2022$520K
FY2023$355K
FY2024$558K
FY2025$498K
Expenses
$583K
FY2025▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$420K
FY2021$328K
FY2022$444K
FY2023$628K
FY2024$517K
FY2025$583K
Net assets
$218K
FY2025▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$310K
FY2021$458K
FY2022$534K
FY2023$262K
FY2024$303K
FY2025$218K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1992.

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

Where the money goes

9 cents of each dollar spent went to programs.

Program services 9% · $54K Management & general 91% · $529K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Brad Cochran
Council Memb
$0Pt VII · Sec A
$0Pt VII · Sec A
Eric Maupin
Council Memb
$0Pt VII · Sec A
Steve May
Council Memb
$0Pt VII · Sec A
Alan Meadows
Council Memb
$0Pt VII · Sec A
Andy Teasley
Vice Chair
$0Pt VII · Sec A
Don Willis
Council Memb
$0Pt VII · Sec A
$0Pt VII · Sec A
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 15aNo

Programs and updates

Promotes and manages soybean products for the agricultural industry.

Questions for American Soybean Association

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Provided by the organization

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1 program · in their own filed words · FY2024
01

The agency promotes the use of soybeans to consumers & provides management for the tennessee soybean promotion board, a state agency. This activity benefits 100,000 plus farmers in tennessee.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$498K
Ln 12
Gifts and grantsLn 1h$506K
Investment incomeLn 3$1K
Money outPt IX
$583K
Ln 25
Programscol B$54K
Managementcol C$529K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$206K
Total assetsLn 16$218K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$506K
Investment incomeLn 3$1K
Gains on assetsLn 7−$9K
Total revenueLn 12$498K
Assets in detailPt X, end of year
CashLn 1$206K
Cash and savings togetherLn 1–2$206K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$218K
LiabilitiesLn 26$0
Net assetsLn 32$218K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$278K$206K
Land, buildings, equipmentLn 10c$24K$8K
Total assetsLn 16$303K$218K
LiabilitiesLn 26$0$0
Net assetsLn 32$303K$218K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$233K$233K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$150K$48K$102K
Office expensesLn 13$19K$19K
OccupancyLn 16$12K$12K
TravelLn 17$68K$68K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$77K$77K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$583K$54K$529K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $498K$583K−$85K$218K 990 PDF
FY2024 $558K$517K$41K$303K 990 PDF
FY2023 $355K$628K−$273K$262K 990 PDF
FY2022 $520K$444K$75K$534K 990 PDF
FY2021 $476K$328K$148K$458K 990 PDF
FY2020 $494K$420K$75K$310K 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 $498,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $556,490$505,747
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,291−$7,700
I-11 Other revenue$0
I-12 Total revenuePrior year $557,781$498,047
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $250,698$233,405
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $265,884$349,876
I-18 Total expensesPrior year $516,582$583,281
I-19 Revenue less expensesPrior year $41,199−$85,234
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $498,047 across 5 lines filed
VIII-1f All other contributions, gifts and grants$505,747
VIII-1h Total contributions, gifts and grants$505,747
VIII-3 Investment incomeRelated to mission $1,140$1,140
VIII-7 Net gain or loss on sales of assetsRelated to mission −$8,840−$8,840
VIII-12 Total revenueRelated to mission −$7,700$498,047
Part IX · Statement of functional expenses $583,281 across 10 lines filed
IX-7 Other salaries and wagesManagement $233,405$233,405
IX-11c Accounting feesManagement $10,587$10,587
IX-12 Advertising and promotionPrograms $47,815 · Management $101,778$149,593
IX-13 Office expensesManagement $18,867$18,867
IX-16 OccupancyManagement $12,041$12,041
IX-17 TravelManagement $67,959$67,959
IX-22 Depreciation, depletion and amortizationPrograms $6,418$6,418
IX-23 InsuranceManagement $6,612$6,612
IX-24 Other expenses (24a–d)Management $76,688$76,688
IX-24e All other expensesManagement $1,111$1,111
IX-25 Total functional expensesPrograms $54,233 · Management $529,048 · Fundraising $0$583,281
Part X · Balance sheet $218,090 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $278,084$206,262
X-4 Accounts receivableStart of year $1,392$4,018
X-10c Land, buildings and equipment, netStart of year $23,848$7,810
X-16 Total assetsStart of year $303,324$218,090
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $303,324$218,090
X-32 Total net assets or fund balancesStart of year $303,324$218,090
X-33 Total liabilities and net assetsStart of year $303,324$218,090
Part XI · Reconciliation of net assets $218,090 net assets at year end
XI-1 Total revenue$498,047
XI-2 Total expenses$583,281
XI-3 Revenue less expenses−$85,234
XI-4 Net assets at start of year$303,324
XI-10 Net assets at end of year$218,090

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

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