Civic Intelligence

Ohio Soybean Association

EIN 23-7167474 • 501(c)5 • Worthington, OH

Profile

To educate soybean farmers and promote the use of soybeans.

918 Proprietors Road AWorthington, OH 43085-3194

www.soyohio.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.06x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.16x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2022

Net Margin

68th percentile

15%

Higher net margin than 68% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

17th percentile

-4.0%

Faster asset growth than 17% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

2.0%

Faster revenue growth than 33% of similar nonprofits.

501(c)5 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,612,431

Up $61,588 (+4.0%) from 2024

Liabilities

Down

$97,493

Down $2,065 (-2.1%) from 2024

Net Assets

Up

$1,514,938

Up $63,653 (+4.4%) from 2024

Revenue

Down

$593,370

Down $7,659 (-1.3%) from 2024

Expenses

Up

$539,976

Up $27,611 (+5.4%) from 2024

Net Income

Down

$53,394

Down $35,270 (-40%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $590,740Liabilities 2010: $116,774Net Assets 2010: $473,9662010Assets 2011: $635,046Liabilities 2011: $93,968Net Assets 2011: $541,0782011Assets 2012: $739,950Liabilities 2012: $75,386Net Assets 2012: $664,5642012Assets 2013: $876,527Liabilities 2013: $87,769Net Assets 2013: $788,7582013Assets 2014: $993,702Liabilities 2014: $125,593Net Assets 2014: $868,1092014Assets 2015: $1,029,032Liabilities 2015: $128,853Net Assets 2015: $900,1792015Assets 2016: $977,068Liabilities 2016: $54,880Net Assets 2016: $922,1882016Assets 2017: $1,091,302Liabilities 2017: $98,994Net Assets 2017: $992,3082017Assets 2018: $1,064,000Liabilities 2018: $106,487Net Assets 2018: $957,5132018Assets 2019: $1,220,686Liabilities 2019: $130,989Net Assets 2019: $1,089,6972019Assets 2020: $1,281,314Liabilities 2020: $95,684Net Assets 2020: $1,185,6302020Assets 2021: $1,425,920Liabilities 2021: $73,836Net Assets 2021: $1,352,0842021Assets 2022: $1,368,399Liabilities 2022: $81,951Net Assets 2022: $1,286,4482022Assets 2023: $1,462,830Liabilities 2023: $93,835Net Assets 2023: $1,368,9952023Assets 2024: $1,550,843Liabilities 2024: $99,558Net Assets 2024: $1,451,2852024Assets 2025: $1,612,431Liabilities 2025: $97,493Net Assets 2025: $1,514,9382025

Highlighted filing

2025

Assets$1,612,431
Liabilities$97,493
Net Assets$1,514,938

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Expenses 2010: $555,6502010Expenses 2011: $466,2652011Expenses 2012: $418,6342012Revenue 2013: $514,632Expenses 2013: $390,440Net Income 2013: $124,1922013Revenue 2014: $553,672Expenses 2014: $474,321Net Income 2014: $79,3512014Revenue 2015: $515,582Expenses 2015: $483,512Net Income 2015: $32,0702015Revenue 2016: $475,701Expenses 2016: $453,692Net Income 2016: $22,0092016Revenue 2017: $478,649Expenses 2017: $401,349Net Income 2017: $77,3002017Revenue 2018: $429,107Expenses 2018: $409,635Net Income 2018: $19,4722018Revenue 2019: $454,363Expenses 2019: $416,578Net Income 2019: $37,7852019Revenue 2020: $412,145Expenses 2020: $363,817Net Income 2020: $48,3282020Revenue 2021: $487,085Expenses 2021: $408,375Net Income 2021: $78,7102021Revenue 2022: $496,772Expenses 2022: $419,964Net Income 2022: $76,8082022Revenue 2023: $501,336Expenses 2023: $449,938Net Income 2023: $51,3982023Revenue 2024: $601,029Expenses 2024: $512,365Net Income 2024: $88,6642024Revenue 2025: $593,370Expenses 2025: $539,976Net Income 2025: $53,3942025

Highlighted filing

2025

Revenue$593,370
Expenses$539,976
Net Income$53,394

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.61$0.10$1.51$0.59$0.54$0.05
2024Detailed filing. Detailed filing data is available for this year.$1.55$0.10$1.45$0.60$0.51$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.46$0.09$1.37$0.50$0.45$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.08$1.29$0.50$0.42$0.08
2021Detailed filing. Detailed filing data is available for this year.$1.43$0.07$1.35$0.49$0.41$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.28$0.10$1.19$0.41$0.36$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.22$0.13$1.09$0.45$0.42$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.11$0.96$0.43$0.41$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.09$0.10$0.99$0.48$0.40$0.08
2016Detailed filing. Detailed filing data is available for this year.$0.98$0.05$0.92$0.48$0.45$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.13$0.90$0.52$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.99$0.13$0.87$0.55$0.47$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.09$0.79$0.51$0.39$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.08$0.66$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.09$0.54$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.12$0.47$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 7, 2026
Return Version
2025v4.0
Gross Receipts
$593,370
Mission and Program Overview

Mission

To educate soybean farmers and promote the use of soybeans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$754,760$1,058,704▲ $303,944
Cash and Non-Interest-Bearing Accounts$594,891$339,914▼ $254,977
Investments Other Securities$201,192$190,994▼ $10,198
Accounts Receivable-$22,819-
Total Assets$1,550,843$1,612,431▲ $61,588
Liabilities
Deferred Revenue$89,069$92,247▲ $3,178
Accounts Payable and Accrued Expenses$10,489$5,246▼ $5,243
Total Liabilities$99,558$97,493▼ $2,065
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,451,285$1,514,938▲ $63,653
Total Net Assets Fund Balance$1,451,285$1,514,938▲ $63,653
Total Liabilities and Net Assets / Fund Balance$1,550,843$1,612,431▲ $61,588

Asset Categories

AssetBook ValueDepreciationBasis
Closely Held Equity Interests$190,994--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$409,087
Investment Income
$68,475
Other Revenue
$115,808
Change in Net Assets
$53,394

Audited Revenue Reconciliation

Revenue per Audited Statements
$593,370
Revenue Not Reported on Form 990
$10,259
Total Revenue per Audited Statements
$603,629
Total Revenue per Form 990
$593,370
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,976
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$87,107
All Other Expenses---$56,237
Total Functional Expenses$0$0$0$539,976

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$539,976
Total Expenses per Audited Statements$539,976
Total Expenses per Form 990$539,976
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The association uses a llc to manage the association.

Form 990, Page 6, Part VI, Line 6

The association has members.

Form 990, Page 6, Part VI, Line 7A

The board members are nominated by the district.

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 was reviewed and approved by the board of directors prior to the filing of the form 990.

Form 990, Page 6, Part VI, Line 12C

The organization reviews the policies annually.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Ohio Soybean Association
EIN
23-7167474
Phone
6144763100
Address
918 PROPRIETORS ROAD A, WORTHINGTON, OH 43085-3194

Signing Officer

Name
Kirk Merritt
Title
Executive Director
Phone
6144763100
Signed
2026-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirk Merritt
Formed
1966
Legal Domicile
Oh
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Perks Pusateri & Company Cpas
Address
137-B COMMERCE PARK DRIVE, WESTERVILLE, OH 43082
Preparer
Joseph B Gordon
Phone
6143927800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Ohio soybean review 42,103 0 0 general meetings 9,251 0 0 producer communications 4,883 0 0 total 56,237 0 0

Financial Statement Notes

Schedule D, Page 3, Part X

Osa follows the provisions of asc 740-10-25 that requires the disclosure of uncertain tax positions. There have been no interest or penalties recognized in the statements of financial position or in the statements of activities relating to uncertain tax positions. Additionally, no tax positions exist for which it is reasonably possible that the total amount of unrecognized tax benefits will significantly increase or decrease during the next twelve months. Osa evaluates uncertain tax positions, if any, on a continual basis.

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IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO EDUCATE SOYBEAN FARMERS AND PROMOTE THE USE OF SOYBEANS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc1READERSHIP COSTS
IRS990/OtherExpensesGrp/Desc2LEGISLATIVE
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IRS990/OtherExpensesGrp/TotalAmt1108266
IRS990/OtherExpensesGrp/TotalAmt293076
IRS990/OtherExpensesGrp/TotalAmt387107
IRS990/OtherRevenueMiscGrp/BusinessCd0541800
IRS990/OtherRevenueMiscGrp/Desc0OHIO SOYBEAN REVIEW
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KIRK MERRITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0PROMOTION AND EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc1GENERAL MEETINGS
IRS990/ProgramServiceRevenueGrp/Desc2MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc3REGIONAL INCOME
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IRS990ScheduleD/RevenueNotReportedAmt010259
IRS990ScheduleD/RevenueSubtotalAmt0593370
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OSA FOLLOWS THE PROVISIONS OF ASC 740-10-25 THAT REQUIRES THE DISCLOSURE OF UNCERTAIN TAX POSITIONS. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR IN THE STATEMENTS OF ACTIVITIES RELATING TO UNCERTAIN TAX POSITIONS. ADDITIONALLY, NO TAX POSITIONS EXIST FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS WILL SIGNIFICANTLY INCREASE OR DECREASE DURING THE NEXT TWELVE MONTHS. OSA EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, ON A CONTINUAL BASIS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueSecuritiesAmt0190994
IRS990ScheduleD/TotalExpensesPerForm990Amt0539976
IRS990ScheduleD/TotalRevenuePerForm990Amt0593370
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0603629
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0539976
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION USES A LLC TO MANAGE THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD MEMBERS ARE NOMINATED BY THE DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A DRAFT OF THE FORM 990 WAS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS PRIOR TO THE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REVIEWS THE POLICIES ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OHIO SOYBEAN REVIEW 42,103 0 0 GENERAL MEETINGS 9,251 0 0 PRODUCER COMMUNICATIONS 4,883 0 0 TOTAL 56,237 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.36000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0OHIO SOYBEAN LLC
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0918 PROPRIETORS ROAD SUITE A
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd043085
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IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01612431
IRS990/TotalAssetsGrp/BOYAmt01550843
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IRS990/TotalGrossUBIAmt0108711
IRS990/TotalLiabilitiesBOYAmt099558
IRS990/TotalLiabilitiesEOYAmt097493
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0108711
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01550843
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01612431
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0918 PROPRIETORS ROAD A
IRS990/USAddress/CityNm0WORTHINGTON
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043085
IRS990/VotingMembersGoverningBodyCnt016
IRS990/VotingMembersIndependentCnt016
IRS990/WebsiteAddressTxt0WWW.SOYOHIO.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z

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