Indiana Soybean Alliance Inc

“The board of directors, by resolution adopted by a majority of the directors, may designate one or more committees, to the extent provided in said resolution, that shall have and exercise the authority of the board of directors in the management of the alliance.”

“A potential member completes an application for membership and pays the associated fee. Membership in the indiana soybean allilance (isa) helps to support advocacy efforts to legislative officials on a national level. A member of isa becomes a member of the american soybean association, an organization that represents soybean farmers in washington, dc. Asa puts out a weekly newsletter to keep members informed of agriculture issues being discussed on a national level. Members of asa also receive discounts at various companies that are partners of asa. Membership on the indiana soybean alliance membership and policy (isam&p) committee also supports advocacy efforts at the state and local level on issues in the agricultural community. Isam&p advocates on behalf of indiana farmers at the direction of the committee members. It should be noted, isam&p activities are accounted for in separate bank accounts and financial statements in order to segregate those funds from isa checkoff activities.”

“Members elect directors to represent each district.”

“The 990 will be prepared annually by an external audit firm relying on management data to complete the filing. The return will be reviewed by the the director of finance, ceo, coo and budget and finance committee. After approval from these sources, the full 990 will be presented to the board for approval prior to filing.”

“Each officer, director, all employees and key contractors must annually review and complete a form disclosing any conflicts. If a conflict exists, appropriate action is taken to eliminate the conflict, including such steps as notifying the board, reassignment of responsibilities or not voting on the matter deemed a conflict of interest. If a matter involves a board member or officer, the conflict will be documented including appropriate resolution by the compliance committee or governance chair of the board of directors as appropriate.”

“The ceo annually determines the compensation of all isa employees including all key employees listed in the return. This determination is based on employee performance evaluations, review of industry benchmarks which include position, size of the organization and geographical location of isa's business (the midwest). Total compensation for the organization is annually approved by the isa board of directors. The joint operating committee of the board of directors annually review the performance of the ceo and set any compensation of the ceo based on a negotiated contract. The results of performance reviews are maintained in employee files.”

“The annual report appears in isa's magazine and isa's website incornandsoy.org.”

“The modified cash accounting method is used for this return.”

“There has been no change in the audit review process from the prior year.”