Iowa Corn Growers Association

“Members are classified as grower or associate. Any individual or entity engaged in the production of a minimum of two hundred fifty (250) bushels of corn in iowa may become a grower member upon filing an application and paying annual dues as established by the board of directors from time to time (dues of $60 for year ending 8/31/25). Any individual or entity not eligible for membership as a grower member may become an associate member upon filing an application and paying annual dues as established by the board of directors. Associate members shall have all of the rights and privileges of membership except the right to vote, and except that no associate member shall be eligible to serve as a director or to hold a corporate office.”

“Any individual or entity engaged in the production of a minimum of two hundred fifty (250) bushels of corn in iowa may become a grower member upon filing an application and paying annual dues of $60 as established by the board of directors from time to time. Grower members have the right to vote for election of directors as provided in the bylaws.”

“The board of directors have oversight of the administration and management of iowa corn growers association's (icga) business and affairs. The directors, in all cases, act as a board, and (except as otherwise provided in the bylaws) each director shall have one vote on all matters requiring the consent, approval or vote of the board of directors. The board of directors adopt such rules and regulations for the conduct of their meetings and such policies and procedures regarding icga's business and affairs as they deem proper, not inconsistent with the articles of incorporation, the bylaws and the act. The board of directors delegate to committees, officers and agents such management authority as the board of directors determines to be necessary, appropriate, or convenient for the efficient administration and management of icga's business and affairs.”

“The form 990 is reviewed by the director of finance with the external accountant. The final form 990 is reviewed by the executive committee and is provided to the board of directors prior to filing with the irs.”

“Iowa corn growers association (icga) has a conflict of interest policy. To the extent a board member, committee member, or officer has a conflict of interest, they leave the room and abstain from voting on such matter. The board member, committee member, or officer will avoid actual and apparent conflicts of interest, whether such conflict arises from a personal, professional, familial, social, business or other relationship. If such individual become aware of any potential conflict of interest they will immediately disclose its existence and nature to the president, and will, if appropriate or required, remove themselves from any discussions and/or votes on related matters. Identified conflict of interest situations and deliberations are contemporaneously documented in the board minutes.”

“The chief executive officer (ceo) annual performance is reviewed by all members of the board. The independent ceo review committee uses an independent 3rd party to evaluate the performance feedback and comparability data, also provided by an independent 3rd party, to determine a recommendation of ceo compensation to be presented and voted on by the board. The recommendation and board approval is contemporaneously documented in the board minutes. Documentation of the board's compensation recommendation, signed by the board chair, is provided to the payroll department. Key employees, other than the ceo, go through an annual review process. Comparability data provided by an independent 3rd party is used for each position. Compensation changes are documented and retained by the organization's payroll department. The organization has an independent compensation study performed on a 3 year rotation and was completed by an independent consultant 2022.”

“Iowa corn growers association makes its governing documents, conflict of interest policy, and audited financial statements available upon request.”

“Average hours per week devoted to position with organizations affiliated through common management: craig floss - 24 hrs with iowa corn promotion board valerie sanchez - 12 hrs with iowa corn promotion board”

“Volunteers consist of board members and committee members, including ex-officios, non-board committee members, and voting delegates.”

“Research & development 2,714,309. Other 671,641.”

“Net revenue from segregated pac fund not included in 990 -71,542. Midwest growth partners lllp book/tax difference 1,620. Novecta llc book/tax difference -106. Midwest growth partners ii lllp book/tax difference -2,839. Midwest growth partners iii lllp book/tax difference -4,102. Next level ventures fund ii lllp book/tax difference 9,006. Ag startup engine seed fund i llc book/tax difference 9,203.”

“Iowa corn growers association did not change its oversight and selection process from the prior tax year.”