Wisconsin Soybean Association Inc

“The Wisconsin Soybean Association, Inc. contracts with an independent management company, Ag Management Solutions, LLC, to provide administrative, financial, and operational support services. These services may include day-to-day administrative coordination, financial reporting assistance, membership administration, and event planning support. The organizations governing body retains full authority and responsibility for governance, strategic direction, budgeting, program priorities, and oversight of the organizations exempt activities. All significant decisions, including approval of budgets, contracts, compensation arrangements, and program initiatives, are made by the Board of Directors or its designated officers. Ag Management Solutions, LLC operates under a written services agreement approved by the Board of Directors. The Board reviews the scope of services, performance, and compensation annually to ensure that the services provided are necessary, reasonable in cost, and consistent with the organizations exempt purposes.”

“The Association is organized as a 501(c)(5) corporation and has members. There is only one class of members. To become a member, individuals must be an actual producer of soybeans whether as an owner, manager, or operator or the individual must be engaged in any part of the soybean industry. Individuals have to apply for active membership and pay annual dues. Members of the American Soybean Association who are residents in the state of Wisconsin are automatically members of the Wisconsin Soybean Association.”

“All members of the Wisconsin Soybean Association have full voting rights and are entitled to one and only one vote. Members elect directors by ballot. Nominations can be made from the floor, or a nominating committee may be appointed by the board, but the committees nominations may be supplemented by nominations from the floor.”

“The organization uses committees, however the committees do not have authority to act on the boards behalf. The full board must approve any recommendations that come from the committees.”

“Ag Management Solutions, LLC reviews the 990 before it is filed.”

“Each year all of the board members review the conflict of interest policy and sign a statement confirming they are aware of the policy and in compliance with the policy.”

“The organizations governing documents, policies, and financial statements are made available at the annual meeting each year and are always available in the office. They can be viewed by walking into the office or requesting copies.”

“The organizations governing documents, policies, and financial statements are made available at the annual meeting each year and are always available in the office. They can be viewed by walking into the office or requesting copies.”

“The Wisconsin Soybean Association Inc. did not pay compensation to any officers, directors, or trustees during the year. Officers and directors serve on a voluntary basis and are not compensated for their services in those capacities. The organization contracts with independent service providers for management, administrative, and operational support services. Compensation reported in Part VII, Section B reflects payments made pursuant to written service agreements for services rendered, and not compensation for services as an officer, director, or trustee. Compensation paid to independent contractors is reviewed and approved by the Board of Directors based on the scope of services provided, organizational needs, and the Boards determination that the compensation is reasonable and consistent with the organizations exempt purposes.”