Civic Intelligence

Illinois Soybean Board

990 • Fiscal year 2022 • EIN 37-6152654

Sep 01, 2021 to Aug 31, 2022 • Filed on Dec 06, 2022

Organization ProfileWWW.ILSOY.ORG

View Organization Page

1108 Trinity LaneBloomington, IL 61704

(309) 663-7692

Siviq Scores

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

Liabilities / Assets

77th percentile

0.16x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.18x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2022

Net Margin

74th percentile

20%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2022 filings • 501(c)5 • $10M-$25M nonprofits • Source year 2022

Asset Growth

96th percentile

27%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

90th percentile

24%

Faster revenue growth than 90% of similar nonprofits.

2022 filings • 501(c)5 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$24,441,630

Up $5,249,036 (+27%) from 2021

Net Assets

Up

$20,460,165

Up $4,261,615 (+26%) from 2021

Liabilities

Up

$3,981,465

Up $987,421 (+33%) from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin74th percentile

Revenue

Up

$21,800,549

Up $4,278,591 (+24%) from 2021

Expenses

Up

$17,450,942

Up $5,283,703 (+43%) from 2021

Net Income

Down

$4,349,607

Down $1,005,112 (-19%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30M$20M$10M$0Assets 2011: $12,240,886Liabilities 2011: $6,295,348Net Assets 2011: $5,945,5382011Assets 2012: $9,913,991Liabilities 2012: $5,771,769Net Assets 2012: $4,142,2222012Assets 2013: $11,118,915Liabilities 2013: $4,540,187Net Assets 2013: $6,578,7282013Assets 2014: $14,168,350Liabilities 2014: $3,341,296Net Assets 2014: $10,827,0542014Assets 2015: $14,456,674Liabilities 2015: $3,365,649Net Assets 2015: $11,091,0252015Assets 2016: $14,695,901Liabilities 2016: $4,137,277Net Assets 2016: $10,558,6242016Assets 2017: $15,345,211Liabilities 2017: $3,959,853Net Assets 2017: $11,385,3582017Assets 2018: $14,799,334Liabilities 2018: $4,070,428Net Assets 2018: $10,728,9062018Assets 2019: $12,436,690Liabilities 2019: $3,883,075Net Assets 2019: $8,553,6152019Assets 2020: $12,824,650Liabilities 2020: $1,980,819Net Assets 2020: $10,843,8312020Assets 2021: $19,192,594Liabilities 2021: $2,994,044Net Assets 2021: $16,198,5502021Assets 2022: $24,441,630Liabilities 2022: $3,981,465Net Assets 2022: $20,460,1652022Assets 2023: $28,119,823Liabilities 2023: $4,547,445Net Assets 2023: $23,572,3782023Assets 2024: $24,540,892Liabilities 2024: $5,413,961Net Assets 2024: $19,126,9312024Assets 2025: $22,929,564Liabilities 2025: $2,721,335Net Assets 2025: $20,208,2292025

Highlighted filing

2022

Assets$24,441,630
Liabilities$3,981,465
Net Assets$20,460,165
Open 2022 Filing

Operations Trend

Revenue Growth90th percentile

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

$30M$20M$10M$0-$10MExpenses 2011: $15,014,3882011Revenue 2012: $13,411,210Expenses 2012: $15,214,526Net Income 2012: -$1,803,3162012Revenue 2013: $14,066,504Expenses 2013: $11,629,998Net Income 2013: $2,436,5062013Revenue 2014: $16,098,834Expenses 2014: $11,850,508Net Income 2014: $4,248,3262014Revenue 2015: $13,545,135Expenses 2015: $13,281,164Net Income 2015: $263,9712015Revenue 2016: $13,146,827Expenses 2016: $13,679,228Net Income 2016: -$532,4012016Revenue 2017: $14,465,878Expenses 2017: $13,639,144Net Income 2017: $826,7342017Revenue 2018: $15,180,241Expenses 2018: $15,836,693Net Income 2018: -$656,4522018Revenue 2019: $13,505,723Expenses 2019: $15,681,014Net Income 2019: -$2,175,2912019Revenue 2020: $12,611,301Expenses 2020: $10,321,085Net Income 2020: $2,290,2162020Revenue 2021: $17,521,958Expenses 2021: $12,167,239Net Income 2021: $5,354,7192021Revenue 2022: $21,800,549Expenses 2022: $17,450,942Net Income 2022: $4,349,6072022Revenue 2023: $23,904,585Expenses 2023: $20,848,645Net Income 2023: $3,055,9402023Revenue 2024: $20,469,215Expenses 2024: $24,946,369Net Income 2024: -$4,477,1542024Revenue 2025: $19,279,679Expenses 2025: $18,164,136Net Income 2025: $1,115,5432025

Highlighted filing

2022

Revenue$21,800,549
Expenses$17,450,942
Net Income$4,349,607
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Dec 6, 2022
Return Version
2021v4.2
Gross Receipts
$21,803,575
Mission and Program Overview

Mission

Support research, promotion and educational programs designed to increase demand for illinois soybeans.

To ensure illinois soy is the highest quality, most dependable, sustainable and competitive in the global marketplace.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,963,959$12,329,577▼ $3,634,382
Land, Buildings, and Equipment, Net$1,373,908$6,672,671▲ $5,298,763
Cash and Non-Interest-Bearing Accounts$1,718,107$5,270,443▲ $3,552,336
Accounts Receivable$85,768$128,986▲ $43,218
Prepaid Expenses and Deferred Charges$25,852$39,953▲ $14,101
Total Assets$19,192,594$24,441,630▲ $5,249,036
Other Assets Total$25,000--
Liabilities
Accounts Payable and Accrued Expenses$2,994,044$3,981,465▲ $987,421
Total Liabilities$2,994,044$3,981,465▲ $987,421
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,198,550$20,460,165▲ $4,261,615
Total Net Assets Fund Balance$16,198,550$20,460,165▲ $4,261,615
Total Liabilities and Net Assets / Fund Balance$19,192,594$24,441,630▲ $5,249,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,702,817$694,747$6,397,564
Equipment$318,455$761,041$1,079,496
Land$533,345-$533,345
Other Land Buildings$118,054$34,768$152,822
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Steve PitstickChairperson
Ron KindredVice-chairperson
Betsey EmerickDirector
Brad DaughertyDirector
Brady HolstDirector
Brian AtteberryDirector
Brock WillardDirector
Buck HillDirector
David NiekampDirector
David WesselDirector
Ed MurphyDirector
Elliott UphoffDirector
JEFF O'CONNORDirector
James MartinDirector
Jeff ParkerDirector
Mark ReadDirector
Matt MurrayDirector
Nick HarreDirector
Rick RubenackerDirector
Ryan FriedersDirector
Scott GaffnerDirector
Dwayne AndersonAsst Secretary-treasurer
Tim ScatesSecretary
Bryan SeversTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$21,735,793
Investment Income
$64,756
Other Revenue
$0
Change in Net Assets
$4,349,607

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,800,549
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-87,992
Total Revenue per Audited Statements
$21,712,557
Total Revenue per Form 990
$21,800,549
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,450,942
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 Management$2,503,150$384,478-$2,887,628
Conferences and Meetings$565,144$1,149-$566,293
Other Expenses$294,070$203,421-$497,491
Information Technology$333,821$69,754-$403,575
Office Expenses$77,199$11,661-$88,860
Fees for Services Other$32,236$4,803-$37,039
Total Functional Expenses$16,775,676$675,266$0$17,450,942

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$17,450,942
Total Expenses per Audited Statements$17,450,942
Total Expenses per Form 990$17,450,942
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

“Return reviewed by the cfo, ceo and board of directors before filing.”

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

“When a new board member begins his/her term on the board of directors, he/she is required to sign a conflict of interest statement declaring anything that may be construed as a possible conflict of interest. Board members are then required to notify the board of any new issues that may arise during their term on the board.”

Form 990, Part VI, Section B, Line 15

“Illinois soybean board has no employees, trinet supplies contracted management and clerical services to illinois soybean board. The board of directors annually reviews and evaluates the contracted management services.”

Form 990, Part VI, Section C, Line 19

“All governing documents, policies and financial statements are available for review upon request at illinois soybean board's office.”

Filing and Contact Details

Filer

Filer Name
Illinois Soybean Board
EIN
37-6152654
Phone
3096637692
Address
1108 TRINITY LANE, BLOOMINGTON, IL 61704

Signing Officer

Name
John Lumpe
Title
CEO
Phone
3096637692
Signed
2022-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Pitstick
Formed
1974
Legal Domicile
Il
Voting Board Members
24
Independent Board Members
24
Employees
0
Volunteers
0

Preparer

Firm
Striegel Knobloch & Company LLC
Address
115 W JEFFERSON ST SUITE 200, BLOOMINGTON, IL 61701
Preparer
Stephen H Arendt Partner
Phone
3098294303
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Accounting principles generally accepted in the united states of america require the board's management evaluate tax positions taken by the board and recognize a tax liability if the board has taken an uncertain position that more than likely would not be sustained upon examination by the internal revenue service. Management has analyzed the tax positions taken by the board, and has concluded that as of august 31, 2022, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The board is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Tax years prior to 2019 are closed.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASST SECRETARY-TREASURER
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/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01974
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0-3026
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt021803575
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt069754
IRS990/InformationTechnologyGrp/ProgramServicesAmt0333821
IRS990/InformationTechnologyGrp/TotalAmt0403575
IRS990/InvestmentIncomeGrp/ExclusionAmt067782
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt067782
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt035
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01490556
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01373908
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06672671
IRS990/LandBldgEquipCostOrOtherBssAmt08163227
IRS990/LegalDomicileStateCd0IL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt03026
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENSURE ILLINOIS SOY IS THE HIGHEST QUALITY, MOST DEPENDABLE, SUSTAINABLE AND COMPETITIVE IN THE GLOBAL MARKETPLACE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016198550
IRS990/NetAssetsOrFundBalancesEOYAmt020460165
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-3026
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-3026
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-87992
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016198550
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt020460165
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011661
IRS990/OfficeExpensesGrp/ProgramServicesAmt077199
IRS990/OfficeExpensesGrp/TotalAmt088860
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1BUILDING & EQUIPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0203421
IRS990/OtherExpensesGrp/ProgramServicesAmt012970056
IRS990/OtherExpensesGrp/ProgramServicesAmt1294070
IRS990/OtherExpensesGrp/TotalAmt012970056
IRS990/OtherExpensesGrp/TotalAmt1497491
IRS990/OtherOrganizationDsc0FEDERALLY CREATED ORGANIZATION
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025852
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039953
IRS990/PrincipalOfficerNm0STEVE PITSTICK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0110000
IRS990/ProgramServiceRevenueGrp/BusinessCd1110000
IRS990/ProgramServiceRevenueGrp/Desc0CHECK-OFF REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIPS AND MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt021480110
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1255683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021480110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1255683
IRS990/ProgSrvcAccomActy2Grp/Desc0MARKET DEVELOPMENT: SUPPORT THE EFFORTS TO DEVELOP MARKETS AND INCREASE PUBLIC KNOWLEDGE OF VALUE AND BENEFITS OF SOYBEANS AND SOYBEAN PRODUCTION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04463430
IRS990/ProgSrvcAccomActy3Grp/Desc0UTILIZATION: IDENTIFYING NEW USES FOR SOY, BETTER MEASURING CONSERVATION PRACTICES, IDENTIFYING BEST MANAGEMENT PRACTICES FOR PRODUCERS AND INCREASING DOMESTIC BIODIESEL CONSUMPTION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05779439
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GOVERNMENT RELATIONS: SUPPORT OF DEEPENING RELATIONSHIPS WITH INDUSTRY PARTNERS AND OTHER ORGANIZATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1EXECUTIVE: TO FACILITATE THE GROWTH AND DEVELOPMENT OF THE ORGANIZATION BY PROVIDING GUIDANCE AND COORDINATION IN MATTERS PERTAINING TO ITS CURRENT AND FUTURE DIRECTION.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt02589530
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt1408862
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-15765
IRS990/PYOtherExpensesAmt012167239
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt017537723
IRS990/PYRevenuesLessExpensesAmt05354719
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt012167239
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt017521958
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04349607
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015963959
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012329577
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05702817
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0694747
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06397564
IRS990ScheduleD/EquipmentGrp/BookValueAmt0318455
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0761041
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01079496
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt017450942
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0533345
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0533345
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-87992
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0118054
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt034768
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0152822
IRS990ScheduleD/RevenueNotReportedAmt0-87992
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt021800549
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE THE BOARD'S MANAGEMENT EVALUATE TAX POSITIONS TAKEN BY THE BOARD AND RECOGNIZE A TAX LIABILITY IF THE BOARD HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE BOARD, AND HAS CONCLUDED THAT AS OF AUGUST 31, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE BOARD IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. TAX YEARS PRIOR TO 2019 ARE CLOSED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06672671
IRS990ScheduleD/TotalExpensesPerForm990Amt017450942
IRS990ScheduleD/TotalRevenuePerForm990Amt021800549
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt021712557
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt017450942
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN REVIEWED BY THE CFO, CEO AND BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WHEN A NEW BOARD MEMBER BEGINS HIS/HER TERM ON THE BOARD OF DIRECTORS, HE/SHE IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT DECLARING ANYTHING THAT MAY BE CONSTRUED AS A POSSIBLE CONFLICT OF INTEREST. BOARD MEMBERS ARE THEN REQUIRED TO NOTIFY THE BOARD OF ANY NEW ISSUES THAT MAY ARISE DURING THEIR TERM ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ILLINOIS SOYBEAN BOARD HAS NO EMPLOYEES, TRINET SUPPLIES CONTRACTED MANAGEMENT AND CLERICAL SERVICES TO ILLINOIS SOYBEAN BOARD. THE BOARD OF DIRECTORS ANNUALLY REVIEWS AND EVALUATES THE CONTRACTED MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST AT ILLINOIS SOYBEAN BOARD'S OFFICE.
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 B, LINE 15

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,441,630
Liabilities
$3,981,465
Net assets
$20,460,165
Revenue
$21,800,549
Expenses
$17,450,942
Net income
$4,349,607
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$2.72$20.2$19.3$18.2$1.12
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$5.41$19.1$20.5$24.9$4.48
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.1$4.55$23.6$23.9$20.8$3.06
2022Detailed filing. Detailed filing data is available for this year.$24.4$3.98$20.5$21.8$17.5$4.35
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.2$2.99$16.2$17.5$12.2$5.35
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$1.98$10.8$12.6$10.3$2.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$3.88$8.55$13.5$15.7$2.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$4.07$10.7$15.2$15.8$0.66
2017Summary only. Only limited summary data is available for this year.$15.3$3.96$11.4$14.5$13.6$0.83
2016Summary only. Only limited summary data is available for this year.$14.7$4.14$10.6$13.1$13.7$0.53
2015Summary only. Only limited summary data is available for this year.$14.5$3.37$11.1$13.5$13.3$0.26
2014Summary only. Only limited summary data is available for this year.$14.2$3.34$10.8$16.1$11.9$4.25
2013Summary only. Only limited summary data is available for this year.$11.1$4.54$6.58$14.1$11.6$2.44
2012Summary only. Only limited summary data is available for this year.$9.91$5.77$4.14$13.4$15.2$1.80
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$6.30$5.95$15.0