Civic Intelligence

Soy Transportation Coalition

990 • Fiscal year 2023 • EIN 26-0493582

Oct 01, 2022 to Sep 30, 2023 • Filed on Feb 13, 2024

1255 SW Prairie Trail ParkwayAnkeny, IA 50021

(515) 251-8640

Siviq Scores

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

Liabilities / Assets

35th percentile

0.07x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.04x

Higher debt load relative to revenue than 27% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Net Margin

4th percentile

-37%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2023

Asset Growth

2nd percentile

-38%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

82nd percentile

29%

Faster revenue growth than 82% of similar nonprofits.

2023 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$797,785

Down $486,125 (-38%) from 2022

Net Assets

Down

$745,747

Down $480,011 (-39%) from 2022

Liabilities

Down

$52,038

Down $6,114 (-11%) from 2022

Revenue

Up

$1,287,439

Up $286,103 (+29%) from 2022

Expenses

Up

$1,767,450

Up $1,272,012 (+257%) from 2022

Net Income

Down

-$480,011

Down $985,909 (-195%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $120,836Liabilities 2010: $20,278Net Assets 2010: $100,5582010Assets 2011: $208,469Liabilities 2011: $47,316Net Assets 2011: $161,1532011Assets 2012: $326,881Liabilities 2012: $96,540Net Assets 2012: $230,3412012Assets 2013: $407,902Liabilities 2013: $23,267Net Assets 2013: $384,6352013Assets 2014: $434,090Liabilities 2014: $85,983Net Assets 2014: $348,1072014Assets 2015: $441,471Liabilities 2015: $64,522Net Assets 2015: $376,9492015Assets 2017: $425,626Liabilities 2017: $57,046Net Assets 2017: $368,5802017Assets 2018: $396,871Liabilities 2018: $77,147Net Assets 2018: $319,7242018Assets 2019: $500,319Liabilities 2019: $106,772Net Assets 2019: $393,5472019Assets 2020: $596,558Liabilities 2020: $34,662Net Assets 2020: $561,8962020Assets 2021: $742,820Liabilities 2021: $22,960Net Assets 2021: $719,8602021Assets 2022: $1,283,910Liabilities 2022: $58,152Net Assets 2022: $1,225,7582022Assets 2023: $797,785Liabilities 2023: $52,038Net Assets 2023: $745,7472023Assets 2025: $1,055,991Liabilities 2025: $303,096Net Assets 2025: $752,8952025

Highlighted filing

2023

Assets$797,785
Liabilities$52,038
Net Assets$745,747

Operations Trend

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $300,000Expenses 2010: $265,885Net Income 2010: $34,1152010Expenses 2011: $302,5322011Expenses 2012: $371,3482012Expenses 2013: $317,2352013Revenue 2014: $501,341Expenses 2014: $537,869Net Income 2014: -$36,5282014Revenue 2015: $513,812Expenses 2015: $484,970Net Income 2015: $28,8422015Revenue 2017: $508,098Expenses 2017: $474,131Net Income 2017: $33,9672017Revenue 2018: $540,045Expenses 2018: $588,901Net Income 2018: -$48,8562018Revenue 2019: $568,613Expenses 2019: $494,790Net Income 2019: $73,8232019Revenue 2020: $533,468Expenses 2020: $365,119Net Income 2020: $168,3492020Revenue 2021: $585,721Expenses 2021: $427,757Net Income 2021: $157,9642021Revenue 2022: $1,001,336Expenses 2022: $495,438Net Income 2022: $505,8982022Revenue 2023: $1,287,439Expenses 2023: $1,767,450Net Income 2023: -$480,0112023Revenue 2025: $861,385Expenses 2025: $991,711Net Income 2025: -$130,3262025

Highlighted filing

2023

Revenue$1,287,439
Expenses$1,767,450
Net Income-$480,011
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Feb 13, 2024
Return Version
2022v5.0
Gross Receipts
$1,287,439
Mission and Program Overview

Mission

Position soybean industry stakeholders to benefit from a transportation system that delivers cost effective, reliable, and competitive service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$250,000$575,000▲ $325,000
Cash and Non-Interest-Bearing Accounts$1,033,910$219,845▼ $814,065
Prepaid Expenses and Deferred Charges$0$2,940▲ $2,940
Total Assets$1,283,910$797,785▼ $486,125
Liabilities
Accounts Payable and Accrued Expenses$58,152$52,038▼ $6,114
Total Liabilities$58,152$52,038▼ $6,114
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,225,758$745,747▼ $480,011
Total Net Assets Fund Balance$1,225,758$745,747▼ $480,011
Total Liabilities and Net Assets / Fund Balance$1,283,910$797,785▼ $486,125
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$1,280,000
Program Service Revenue
$0
Investment Income
$7,439
Other Revenue
$0
All Other Contributions
$775,000
Change in Net Assets
$-480,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,767,450
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
Fees for Services Other---$1,334,451
Fees for Services Management---$267,498
Occupancy---$75,176
Travel---$72,426
Office Expenses---$8,305
Insurance---$2,028
Fees for Services Accounting---$1,850
Conferences and Meetings---$1,768
Other Expenses---$663
Fees for Services Legal---$585
Total Functional Expenses$0$0$0$1,767,450
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
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Financial management reviews the form 990 and provides a copy to the board before filing. Management then reviews in summary the form 990 with the board members.

Form 990, Part VI, Section B, Line 12C

Annually the board is required to disclose conflicting interests. Board members are required to recuse themselves from any vote if there is a conflict.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Soy Transportation Coalition
EIN
26-0493582
Phone
5152518640
Address
1255 SW PRAIRIE TRAIL PARKWAY, ANKENY, IA 50021

Signing Officer

Name
Steve Mcginnis
Title
Chief Financial Officer
Phone
5152518640
Signed
2024-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Mcginnins
Formed
2007
Legal Domicile
Ia
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
26

Preparer

Firm
Creative Planning Tax LLC
Address
12100 MEREDITH DR SUITE 200, URBANDALE, IA 50323
Preparer
Brent L Alexander CPA
Phone
5157275700
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services 1,334,408. Bank fees 43.

Raw XML AppendixShowing 400 of 464 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHIEF FINANCIAL OFFICER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02007
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01287439
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt023
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt02028
IRS990/InvestmentIncomeGrp/ExclusionAmt07439
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07439
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0IA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0505000
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0POSITION SOYBEAN INDUSTRY STAKEHOLDERS TO BENEFIT FROM A TRANSPORTATION SYSTEM THAT DELIVERS COST EFFECTIVE, RELIABLE, AND COMPETITIVE SERVICE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01225758
IRS990/NetAssetsOrFundBalancesEOYAmt0745747
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01225758
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0745747
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt075176
IRS990/OfficeExpensesGrp/TotalAmt08305
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP
IRS990/OtherExpensesGrp/Desc1BOOK /PUBLICATION PURCH
IRS990/OtherExpensesGrp/TotalAmt02700
IRS990/OtherExpensesGrp/TotalAmt1663
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02940
IRS990/PrincipalOfficerNm0STEVE MCGINNINS
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01000000
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01336
IRS990/PYOtherExpensesAmt0495438
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0505898
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0495438
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01001336
IRS990/ReconcilationRevenueExpnssAmt0-480011
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FINANCIAL MANAGEMENT REVIEWS THE FORM 990 AND PROVIDES A COPY TO THE BOARD BEFORE FILING. MANAGEMENT THEN REVIEWS IN SUMMARY THE FORM 990 WITH THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY THE BOARD IS REQUIRED TO DISCLOSE CONFLICTING INTERESTS. BOARD MEMBERS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY VOTE IF THERE IS A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONTRACTED SERVICES 1,334,408. BANK FEES 43.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01283910
IRS990/TotalAssetsEOYAmt0797785
IRS990/TotalAssetsGrp/BOYAmt01283910
IRS990/TotalAssetsGrp/EOYAmt0797785
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01280000
IRS990/TotalEmployeeCnt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.30$0.75$0.86$0.99$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.05$0.75$1.29$1.77$0.48
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.06$1.23$1.00$0.50$0.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.02$0.72$0.59$0.43$0.16
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.03$0.56$0.53$0.37$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.11$0.39$0.57$0.49$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.08$0.32$0.54$0.59$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.06$0.37$0.51$0.47$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.44$0.06$0.38$0.51$0.48$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.43$0.09$0.35$0.50$0.54$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.02$0.38$0.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.10$0.23$0.37
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.05$0.16$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.02$0.10$0.30$0.27$0.03