Civic Intelligence

North Central Soybean Research Program

990 • Fiscal year 2019 • EIN 42-1394799

Oct 01, 2018 to Sep 30, 2019 • Filed on Jul 30, 2020

1255 Prairie Trail ParkwayAnkeny, IA 50023

(515) 251-8640

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

29th percentile

-3.8%

Higher net margin than 29% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

17th percentile

-6.2%

Faster asset growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,090,649

Down $139,278 (-6.2%) from 2018

Net Assets

Down

$2,090,649

Down $139,278 (-6.2%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$3,706,023

Up $423,556 (+13%) from 2018

Expenses

Down

$3,845,301

Down $225,535 (-5.5%) from 2018

Net Income

Up

-$139,278

Up $649,091 (+82%) from 2018

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $2,073,215Liabilities 2010: $1,906,197Net Assets 2010: $167,0182010Assets 2011: $3,426,376Liabilities 2011: $3,089,693Net Assets 2011: $336,6832011Assets 2012: $3,158,091Liabilities 2012: $2,327,232Net Assets 2012: $830,8592012Assets 2013: $2,755,586Liabilities 2013: $1,874,749Net Assets 2013: $880,8372013Assets 2014: $3,085,290Liabilities 2014: $2,601,060Net Assets 2014: $484,2302014Assets 2015: $4,605,452Liabilities 2015: $1,149,884Net Assets 2015: $3,455,5682015Assets 2016: $4,021,013Liabilities 2016: $1,729,471Net Assets 2016: $2,291,5422016Assets 2017: $3,051,153Liabilities 2017: $1,576,011Net Assets 2017: $1,475,1422017Assets 2018: $2,229,927Liabilities 2018: $0Net Assets 2018: $2,229,9272018Assets 2019: $2,090,649Liabilities 2019: $0Net Assets 2019: $2,090,6492019Assets 2020: $1,500,843Liabilities 2020: $0Net Assets 2020: $1,500,8432020Assets 2021: $1,947,025Liabilities 2021: $0Net Assets 2021: $1,947,0252021Assets 2022: $2,007,367Liabilities 2022: $0Net Assets 2022: $2,007,3672022Assets 2023: $1,250,047Liabilities 2023: $0Net Assets 2023: $1,250,0472023Assets 2024: $1,391,103Liabilities 2024: $0Net Assets 2024: $1,391,1032024Assets 2025: $2,328,941Liabilities 2025: $0Net Assets 2025: $2,328,9412025

Highlighted filing

2019

Assets$2,090,649
Liabilities$0
Net Assets$2,090,649

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,930,1092010Expenses 2011: $3,537,1252011Expenses 2012: $2,959,5082012Expenses 2013: $2,941,9762013Revenue 2014: $2,857,172Expenses 2014: $3,253,779Net Income 2014: -$396,6072014Revenue 2015: $3,179,546Expenses 2015: $208,208Net Income 2015: $2,971,3382015Revenue 2016: $3,634,684Expenses 2016: $4,798,710Net Income 2016: -$1,164,0262016Revenue 2017: $3,280,752Expenses 2017: $4,097,152Net Income 2017: -$816,4002017Revenue 2018: $3,282,467Expenses 2018: $4,070,836Net Income 2018: -$788,3692018Revenue 2019: $3,706,023Expenses 2019: $3,845,301Net Income 2019: -$139,2782019Revenue 2020: $4,177,896Expenses 2020: $4,767,702Net Income 2020: -$589,8062020Revenue 2021: $3,288,352Expenses 2021: $2,842,170Net Income 2021: $446,1822021Revenue 2022: $3,793,482Expenses 2022: $3,733,140Net Income 2022: $60,3422022Revenue 2023: $4,737,897Expenses 2023: $5,495,217Net Income 2023: -$757,3202023Revenue 2024: $5,629,627Expenses 2024: $5,488,571Net Income 2024: $141,0562024Revenue 2025: $5,573,694Expenses 2025: $4,635,856Net Income 2025: $937,8382025

Highlighted filing

2019

Revenue$3,706,023
Expenses$3,845,301
Net Income-$139,278
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jul 30, 2020
Return Version
2018v3.2
Gross Receipts
$3,706,023
Mission and Program Overview

Mission

Coordinate soybean research

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,681,492$1,325,485▼ $356,007
Cash and Non-Interest-Bearing Accounts$548,435$765,164▲ $216,729
Total Assets$2,229,927$2,090,649▼ $139,278
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$2,229,927$2,090,649▼ $139,278
Total Net Assets Fund Balance$2,229,927$2,090,649▼ $139,278
Total Liabilities and Net Assets / Fund Balance$2,229,927$2,090,649▼ $139,278
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cecil DemottPresident
Ed CagneyVice President
Dave RodibaughDirector
Dr Nick HarreDirector
Gene StoelDirector
Heather BeanerDirector
Matt WagensonDirector
Mike SchlosserDirector
Richard BartekDirector
Ron OhldeDirector
Suzanne ShirbrounDirector
Ed AndersonExecutive Director
Donna DonovanChief Financial Officer
Keith KempSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,572,392
Program Service Revenue
$90,524
Investment Income
$43,107
Other Revenue
$0
All Other Contributions
$3,572,392
Change in Net Assets
$-139,278

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,706,023
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,706,023
Total Revenue per Form 990
$3,706,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,845,301
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$3,648,288$131,867-$3,780,155
Travel$384$32,825-$33,209
Conferences and Meetings-$15,059-$15,059
Fees for Services Accounting-$7,500-$7,500
Advertising$4,963$26-$4,989
Office Expenses$945$972-$1,917
Other Expenses-$446-$446
Fees for Services Legal-$138-$138
Total Functional Expenses$3,654,580$190,721$0$3,845,301

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,845,301
Total Expenses per Audited Statements$3,845,301
Total Expenses per Form 990$3,845,301
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
Lobbying 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 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

All board members will receive a copy of the 990 for their review before it is submitted.

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

Annually the board is required to disclose conflicting interest. 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, conflicts of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
North Central Soybean Research Program
EIN
42-1394799
Phone
5152518640
Address
1255 PRAIRIE TRAIL PARKWAY, ANKENY, IA 50023

Signing Officer

Name
Cecil Demott
Title
President
Phone
5152518640
Signed
2020-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cecil Demott
Formed
1992
Legal Domicile
Ia
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Bergankdv Ltd
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

Service agreement: program service expenses 26,319. Management and general expenses 127,806. Fundraising expenses 0. Total expenses 154,125. Contracted personnel: program service expenses 3,621,969. Management and general expenses 4,061. Fundraising expenses 0. Total expenses 3,626,030.

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IRS990/PYRevenuesLessExpensesAmt0-788369
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IRS990/PYTotalExpensesAmt04070836
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IRS990/ReportOtherAssetsInd00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01325485
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03622308
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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS WILL RECEIVE A COPY OF THE 990 FOR THEIR REVIEW BEFORE IT IS SUBMITTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY THE BOARD IS REQUIRED TO DISCLOSE CONFLICTING INTEREST. BOARD MEMBERS ARE REQUIRED TO RECUSE THEMSELVES FROM ANY VOTE IF THERE IS A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SERVICE AGREEMENT: PROGRAM SERVICE EXPENSES 26,319. MANAGEMENT AND GENERAL EXPENSES 127,806. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,125. CONTRACTED PERSONNEL: PROGRAM SERVICE EXPENSES 3,621,969. MANAGEMENT AND GENERAL EXPENSES 4,061. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,626,030.
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/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalEmployeeCnt00
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IRS990/TotalProgramServiceRevenueAmt090524
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IRS990/TravelGrp/ProgramServicesAmt0384
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02229927
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02090649
IRS990/UponRequestInd0X
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IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0WWW.NCSRP.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-30
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ReturnHeader/FilingSecurityInformation/IPDt02020-07-30
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.33$0.00$2.33$5.57$4.64$0.94
2024Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$5.63$5.49$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$4.74$5.50$0.76
2022Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$3.79$3.73$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$3.29$2.84$0.45
2020Detailed filing. Detailed filing data is available for this year.$1.50$0.00$1.50$4.18$4.77$0.59
2019Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$3.71$3.85$0.14
2018Detailed filing. Detailed filing data is available for this year.$2.23$0.00$2.23$3.28$4.07$0.79
2017Detailed filing. Detailed filing data is available for this year.$3.05$1.58$1.48$3.28$4.10$0.82
2016Detailed filing. Detailed filing data is available for this year.$4.02$1.73$2.29$3.63$4.80$1.16
2015Detailed filing. Detailed filing data is available for this year.$4.61$1.15$3.46$3.18$0.21$2.97
2014Detailed filing. Detailed filing data is available for this year.$3.09$2.60$0.48$2.86$3.25$0.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$1.87$0.88$2.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.16$2.33$0.83$2.96
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.43$3.09$0.34$3.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$1.91$0.17$2.93