Civic Intelligence

Wisconsin Soybean Association Inc

990 • Fiscal year 2017 • EIN 23-7293364

Oct 01, 2016 to Sep 30, 2017 • Filed on Nov 15, 2017

4414 Regent StreetMadison, WI 53705

(608) 548-5500

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Net Margin

38th percentile

0.4%

Higher net margin than 38% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$186,781

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 50.2% of source-year revenue.

2017 filings • 501(c)5 • <$500k nonprofits • Source year 2017

Asset Growth

40th percentile

0.4%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-17%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)5 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$394,185

Up $1,430 (+0.4%) from 2016

Net Assets

Up

$394,185

Up $1,430 (+0.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$372,235

Down $78,266 (-17%) from 2016

Expenses

Down

$370,805

Down $42,031 (-10%) from 2016

Net Income

Down

$1,430

Down $36,235 (-96%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $269,516Liabilities 2014: $0Net Assets 2014: $269,5162014Assets 2015: $355,090Liabilities 2015: $0Net Assets 2015: $355,0902015Assets 2016: $392,755Liabilities 2016: $0Net Assets 2016: $392,7552016Assets 2017: $394,185Liabilities 2017: $0Net Assets 2017: $394,1852017Assets 2018: $435,977Liabilities 2018: $0Net Assets 2018: $435,9772018Assets 2019: $415,981Liabilities 2019: $0Net Assets 2019: $415,9812019Assets 2020: $399,970Liabilities 2020: $0Net Assets 2020: $399,9702020Assets 2021: $352,925Liabilities 2021: $0Net Assets 2021: $352,9252021Assets 2022: $448,298Liabilities 2022: $0Net Assets 2022: $448,2982022Assets 2025: $387,819Liabilities 2025: $0Net Assets 2025: $387,8192025

Highlighted filing

2017

Assets$394,185
Liabilities$0
Net Assets$394,185

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $346,782Expenses 2014: $410,411Net Income 2014: -$63,6292014Revenue 2015: $471,187Expenses 2015: $385,613Net Income 2015: $85,5742015Revenue 2016: $450,501Expenses 2016: $412,836Net Income 2016: $37,6652016Revenue 2017: $372,235Expenses 2017: $370,805Net Income 2017: $1,4302017Revenue 2018: $454,153Expenses 2018: $412,361Net Income 2018: $41,7922018Revenue 2019: $383,194Expenses 2019: $403,190Net Income 2019: -$19,9962019Revenue 2020: $345,581Expenses 2020: $361,592Net Income 2020: -$16,0112020Revenue 2021: $64,991Expenses 2021: $112,036Net Income 2021: -$47,0452021Revenue 2022: $398,792Expenses 2022: $303,419Net Income 2022: $95,3732022Revenue 2025: $830,123Expenses 2025: $786,829Net Income 2025: $43,2942025

Highlighted filing

2017

Revenue$372,235
Expenses$370,805
Net Income$1,430
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$372,235
Mission and Program Overview

Mission

Advocate for Wisconsins soybean farmers ensuring their freedom to operate.

To increase the profitability of soybean producers through research and educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$263,019$275,324▲ $12,305
Other Notes and Loans Receivable, Net$69,947$58,984▼ $10,963
Savings and Temporary Cash Investments$58,656$58,744▲ $88
Total Assets$392,755$394,185▲ $1,430
Other Assets Total$1,133$1,133→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$392,755$394,185▲ $1,430
Total Net Assets Fund Balance$392,755$394,185▲ $1,430
Total Liabilities and Net Assets / Fund Balance$392,755$394,185▲ $1,430

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,133--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert KarlsExecutive DirectorPT$25,735$15,211$40,946

Board Members and Trustees

NameTitle
Brad KremerPresident
Don LutzPresident Elect
Becky HeckDirector
Eric SmithDirector
John SimonDirector
Matt KarlsDirector
Rochelle SchnadtDirector
Shawn ConleyDirector
Tony MellenthinDirector
Adam SteenSecretary
Mike BertramTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,915
Program Service Revenue
$314,762
Investment Income
$88
Other Revenue
$17,470
Change in Net Assets
$1,430
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$315,374
Salaries, Compensation, and Employee Benefits$55,431
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$131,470
Travel---$29,274
Current Officers, Directors, Trustees, and Key Employees---$25,735
All Other Expenses---$20,366
Other Salaries and Wages---$15,238
Pension Plan Contributions---$10,650
Office Expenses---$10,207
Fees for Services Legal---$9,944
Fees for Services Other---$9,643
Other Expenses$7,870--$7,870
Fees for Services Accounting---$4,677
Other Employee Benefits---$3,808
Occupancy---$2,352
Total Functional Expenses$0$0$0$370,805
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

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.

Member election for additional members Part VI line 7A

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.

Committee meeting documentation Part VI line 8B

The organization does not use committees. Since the board is a small board, all members help make decisions.

Form 990 governing body review Part VI line 11

Executive director reviews the 990 before it is filed.

CEO executive director top management comp Part VI line 15A

Every year the board meets to discuss and approve the executive directors salary. The board compares the executive directors salary to the salaries of other executive directors in other nonprofit organizations and considers the cost of living in Madison when making their final decision.

Form 990 availability to public Part VI line 18

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.

Governing documents etc available to public Part VI line 19

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.

Filing and Contact Details

Filer

Filer Name
Wisconsin Soybean Association Inc
EIN
23-7293364
Address
4414 Regent Street, Madison, WI 53705

Signing Officer

Name
Mike Bertram
Title
Treasurer
Phone
6082747522
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Bertram
Formed
1973
Legal Domicile
Wi
Voting Board Members
11
Independent Board Members
11
Employees
2

Preparer

Firm
NCM Accounting LLC
Address
920 Lone Tree Lane, Prairie Du Sac, WI 53578
Preparer
Nicole Kraus CPA
Phone
6085485500
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015211
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert Karls
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0145835
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization does not use committees. Since the board is a small board, all members help make decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Executive director reviews the 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Every year the board meets to discuss and approve the executive directors salary. The board compares the executive directors salary to the salaries of other executive directors in other nonprofit organizations and considers the cost of living in Madison when making their final decision.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990 availability to public Part VI line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Wisconsin Soybean Marketing Board
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391471066
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04414 Regent Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Madison
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0394185
IRS990/TotalOtherCompensationAmt015211
IRS990/TotalProgramServiceRevenueAmt0314762
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0372235
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mike Bertram
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06082747522
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Wisconsin Soybean Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0WISC
ReturnHeader/Filer/EIN0237293364
ReturnHeader/Filer/USAddress/AddressLine1Txt04414 Regent Street
ReturnHeader/Filer/USAddress/CityNm0Madison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WI
ReturnHeader/Filer/USAddress/ZIPCd053705
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02DAB4508EACD5488E74C692703249029FB3C0DBA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02DAB4508EACD5488E74C692703249029FB3C0DBA
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId03976582017319r4qrubr
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-11-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

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