Civic Intelligence

Wisconsin Soybean Association Inc

990 • Fiscal year 2018 • EIN 23-7293364

Oct 01, 2017 to Sep 30, 2018 • Filed on Dec 06, 2018

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

54th percentile

0.00x

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

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

54th percentile

0.00x

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

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Net Margin

64th percentile

9.2%

Higher net margin than 64% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Top Officer Pay

100th percentile

$208,446

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 45.9% of source-year revenue.

2018 filings • 501(c)5 • <$500k nonprofits • Source year 2018

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

22%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)5 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$435,977

Up $41,792 (+11%) from 2017

Net Assets

Up

$435,977

Up $41,792 (+11%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$454,153

Up $81,918 (+22%) from 2017

Expenses

Up

$412,361

Up $41,556 (+11%) from 2017

Net Income

Up

$41,792

Up $40,362 (+2823%) from 2017

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

2018

Assets$435,977
Liabilities$0
Net Assets$435,977

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

2018

Revenue$454,153
Expenses$412,361
Net Income$41,792
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Dec 6, 2018
Return Version
2017v2.2
Gross Receipts
$454,153
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$275,324$238,658▼ $36,666
Savings and Temporary Cash Investments$58,744$159,314▲ $100,570
Other Notes and Loans Receivable, Net$58,984--
Total Assets$394,185$435,977▲ $41,792
Other Assets Total$1,133$38,005▲ $36,872
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$394,185$435,977▲ $41,792
Total Net Assets Fund Balance$394,185$435,977▲ $41,792
Total Liabilities and Net Assets / Fund Balance$394,185$435,977▲ $41,792

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$36,872--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert KarlsExecutive DirectorPT$28,830$16,245$45,075

Board Members and Trustees

NameTitle
Tony MellenthinPresident
Rochelle SchnadtVice President
Becky HeckDirector
Eric SmithDirector
Matt HintzDirector
Ryan NellDirector
Sara StelterDirector
Shawn ConleyDirector
Steve TrzebiatowskiDirector
Matt KarlsSecretary
Adam SteenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$31,550
Program Service Revenue
$363,188
Investment Income
$570
Other Revenue
$58,845
Change in Net Assets
$41,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$352,141
Salaries, Compensation, and Employee Benefits$60,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$229,094
Current Officers, Directors, Trustees, and Key Employees---$28,830
Fees for Services Legal---$19,369
Other Salaries and Wages---$16,226
All Other Expenses---$12,271
Pension Plan Contributions---$10,800
Office Expenses---$10,080
Other Expenses$9,096--$9,096
Fees for Services Other---$8,356
Fees for Services Accounting---$5,606
Other Employee Benefits---$4,364
Occupancy---$2,912
Total Functional Expenses$0$0$0$412,361
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
Adam Steen
Title
Treasurer
Phone
6082747522
Signed
2018-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Steen
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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IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt028830
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0163371
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016245
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Robert Karls
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Executive Director
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt045075
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0163371
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
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
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Wisconsin Soybean Marketing Board
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391471066
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt05
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04414 Regent Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Madison
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053705
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0394185
IRS990/TotalAssetsEOYAmt0435977
IRS990/TotalAssetsGrp/BOYAmt0394185
IRS990/TotalAssetsGrp/EOYAmt0435977
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt031550
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412361
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0394185
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0435977
IRS990/TotalOtherCompensationAmt016245
IRS990/TotalProgramServiceRevenueAmt0363188
IRS990/TotalReportableCompFromOrgAmt028830
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0422603
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0454153
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0394185
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0435977
IRS990/TotReportableCompRltdOrgAmt0163371
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0394185
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0435977
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Adam Steen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum06082747522
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-12-06
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/FederalOriginalSubmissionId03976582018345iwg5uxt
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-12-11
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P

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Peer Organizations

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