Civic Intelligence

Pennsylvania Soybean Board

990 • Fiscal year 2014 • EIN 52-1743978

Oct 01, 2013 to Sep 30, 2014 • Filed on Dec 04, 2014

Organization ProfilePASOYBEAN.ORG
2215 Forest Hills DrRoom/Suite Ste40Harrisburg, PA 17112

(717) 651-5926

Siviq Scores

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

Liabilities / Assets

64th percentile

0.06x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

79th percentile

0.16x

Higher debt load relative to revenue than 79% of similar nonprofits.

2014 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2014

Net Margin

92nd percentile

30%

Higher net margin than 92% of similar nonprofits.

2014 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

2014 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2014

Asset Growth

54th percentile

5.0%

Faster asset growth than 54% of similar nonprofits.

2014 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

15th percentile

-7.8%

Faster revenue growth than 15% of similar nonprofits.

2014 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets64th percentile

Assets

Up

$2,210,082

Up $104,954 (+5.0%) from 2013

Net Assets

Up

$2,078,291

Up $249,329 (+14%) from 2013

Liabilities

Down

$131,791

Down $144,375 (-52%) from 2013

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin92nd percentile

Revenue

Down

$842,489

Down $70,974 (-7.8%) from 2013

Expenses

Up

$593,160

Up $35,727 (+6.4%) from 2013

Net Income

Down

$249,329

Down $106,701 (-30%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,075,957Liabilities 2011: $66,099Net Assets 2011: $1,009,8582011Assets 2012: $1,603,300Liabilities 2012: $130,368Net Assets 2012: $1,472,9322012Assets 2013: $2,105,128Liabilities 2013: $276,166Net Assets 2013: $1,828,9622013Assets 2014: $2,210,082Liabilities 2014: $131,791Net Assets 2014: $2,078,2912014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2014

Assets$2,210,082
Liabilities$131,791
Net Assets$2,078,291
Open 2014 Filing

Operations Trend

Revenue Growth15th percentile

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

$1.5M$1.0M$500K$0Revenue 2011: $1,010,354Expenses 2011: $856,392Net Income 2011: $153,9622011Expenses 2012: $464,0452012Revenue 2013: $913,463Expenses 2013: $557,433Net Income 2013: $356,0302013Revenue 2014: $842,489Expenses 2014: $593,160Net Income 2014: $249,3292014Revenue 2015: $484,781Expenses 2015: $441,458Net Income 2015: $43,3232015

Highlighted filing

2014

Revenue$842,489
Expenses$593,160
Net Income$249,329
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
Dec 4, 2014
Return Version
2013v3.1
Gross Receipts
$842,489
Mission and Program Overview

Mission

The pennsylvania soybean board is committed to advancing soybeans in the commonwealth and investing soybean checkoff dollars in programs and initiatives that fund research, outreach and education, promotion, and alternative uses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,233,506$2,068,258▲ $834,752
Cash and Non-Interest-Bearing Accounts$652,047--
Accounts Receivable$207,336$128,566▼ $78,770
Prepaid Expenses and Deferred Charges$12,239$11,651▼ $588
Land, Buildings, and Equipment, Net-$1,607-
Total Assets$2,105,128$2,210,082▲ $104,954
Liabilities
Other Liabilities$262,624$114,769▼ $147,855
Accounts Payable and Accrued Expenses$13,542$10,674▼ $2,868
Grants Payable-$6,348-
Total Liabilities$276,166$131,791▼ $144,375
Net Assets / Fund Balance
Unrestricted Net Assets$1,828,962$2,078,291▲ $249,329
Total Net Assets Fund Balance$1,828,962$2,078,291▲ $249,329
Total Liabilities and Net Assets / Fund Balance$2,105,128$2,210,082▲ $104,954

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,607$115$1,722
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
William BeamChairman
Andy FabinVice Chairma
Brian KreiderDirector
Daryl AlgerDirector
Jim MusserDirector
John YocumDirector
Michael GerhartDirector
Steve HykesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$797,321
Investment Income
$3,010
Other Revenue
$32,158
All Other Contributions
$10,000
Change in Net Assets
$249,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$842,489
Total Revenue per Audited Statements
$842,489
Total Revenue per Form 990
$842,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$411,712
Grants and Similar Amounts Paid$181,448
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$181,448--$181,448
Fees for Services Management-$46,750-$46,750
Fees for Services Accounting-$43,258-$43,258
Conferences and Meetings-$30,790-$30,790
Other Expenses$60,557$14,711-$14,711
Office Expenses-$3,414-$3,414
Insurance-$2,623-$2,623
Depreciation Depletion-$115-$115
Total Functional Expenses$451,499$141,661$0$593,160

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$593,160
Total Expenses per Audited Statements$593,160
Total Expenses per Form 990$593,160
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
24-6000376-115FUND RESEARCH PROJ'S$140,252
23-1352685-501c3FUND RESEARCH PROJ'S$32,720
26-2289696-501c6FUND RESEARCH PROJ'S$5,976
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
State and National Soybean Payables$114,769
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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, Page 6, Part VI, Line 11B

“Form 990 is presented at a board meeting for directors to review prior to filing, at which time it is also presented to the treasurer for review and signature. A copy is retained with the organization's books and records for review at any time upon request.”

Form 990, Page 6, Part VI, Line 12C

“During each august board meeting, each director signs a new conflict of interest policy sheet. If a vote is required where conflict of interest occurs, the director(s) recuse themselves from the vote. This is noted in the meetings of the minutes. If a new conflict of interest arises during the year, the director informs the board and signs a new conflict of interest statement.”

Form 990, Page 6, Part VI, Line 19

“Governing documents, conflict of interest statements and financial statements are made available upon request. Annual fiscal year financial statement is provided as a part of the organization's annual report which is mailed to the organization's farmer mailing list and is available at various meetings and events.”

Filing and Contact Details

Filer

EIN
52-1743978
Phone
7176515926

Signing Officer

Name
Steve Hykes
Title
Treasurer
Phone
7176515926
Signed
2014-12-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Hykes
Formed
1991
Legal Domicile
Pa
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Lewis K Doub CPA
Phone
7175692601
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The pennsylvania soybean board is committed to advancing soybeans in the commonwealth and investing soybean checkoff dollars in programs and initiatives that fund research, outreach and education, promotion, and alternative uses.”

Form 990

“This 990 reports the activities of both pennsylvania soybean board (fein 52-1743978) and eastern region soybean board (fein 45-2407946).”

Financial Statement Notes

Schedule D, Page 3, Part X

“The board has adopted the provisions of fasb asc 740, related to accounting for uncertainty in federal income taxes. Management is not aware of any uncertain tax positions taken by the board.”

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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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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0FUND RESEARCH PROJ'S
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FUND RESEARCH PROJ'S
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2FUND RESEARCH PROJ'S
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11PENNSYLVANIA STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine12PA CENTER FOR BEEF EXCELLENCE INC
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RESEARCH GRANTS - THE BOARD HAS A RESEARCH AUDIT PROCEDURE IN PLACE CONSISTING OF A RESEARCH AUDIT COMMITTEE (COMPRISED OF MEMBERS OF THE PENNSYLVANIA SOYBEAN BOARD OF DIRECTORS) AND A FORMAL WRITTEN PROCEDURE FOR CHOOSING AND AUDITING A SAMPLE OF RESEARCH GRANTS EACH FISCAL YEAR. GRANTS ARE TYPICALLY DISBURSED IN THREE STAGES, AND GRANTEES MUST SUBMIT PROGRESS REPORTS SHOWING HOW FUNDS HAVE BEEN USED BEFORE SUBSEQUENT GRANT PAYMENTS ARE MADE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PENNSYLVANIA SOYBEAN BOARD IS COMMITTED TO ADVANCING SOYBEANS IN THE COMMONWEALTH AND INVESTING SOYBEAN CHECKOFF DOLLARS IN PROGRAMS AND INITIATIVES THAT FUND RESEARCH, OUTREACH AND EDUCATION, PROMOTION, AND ALTERNATIVE USES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS 990 REPORTS THE ACTIVITIES OF BOTH PENNSYLVANIA SOYBEAN BOARD (FEIN 52-1743978) AND EASTERN REGION SOYBEAN BOARD (FEIN 45-2407946).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS PRESENTED AT A BOARD MEETING FOR DIRECTORS TO REVIEW PRIOR TO FILING, AT WHICH TIME IT IS ALSO PRESENTED TO THE TREASURER FOR REVIEW AND SIGNATURE. A COPY IS RETAINED WITH THE ORGANIZATION'S BOOKS AND RECORDS FOR REVIEW AT ANY TIME UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DURING EACH AUGUST BOARD MEETING, EACH DIRECTOR SIGNS A NEW CONFLICT OF INTEREST POLICY SHEET. IF A VOTE IS REQUIRED WHERE CONFLICT OF INTEREST OCCURS, THE DIRECTOR(S) RECUSE THEMSELVES FROM THE VOTE. THIS IS NOTED IN THE MEETINGS OF THE MINUTES. IF A NEW CONFLICT OF INTEREST ARISES DURING THE YEAR, THE DIRECTOR INFORMS THE BOARD AND SIGNS A NEW CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. ANNUAL FISCAL YEAR FINANCIAL STATEMENT IS PROVIDED AS A PART OF THE ORGANIZATION'S ANNUAL REPORT WHICH IS MAILED TO THE ORGANIZATION'S FARMER MAILING LIST AND IS AVAILABLE AT VARIOUS MEETINGS AND EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE HYKES
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10HATTER HARRIS & BEITTEL LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1032-A EAST ROSEVILLE ROAD
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0PA
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ReturnHeader/PreparerPersonGrp/PreparationDt02014-12-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEWIS K DOUB CPA
ReturnHeader/ReturnTs02014-12-24T13:09:59-06:00
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ReturnHeader/TaxPeriodBeginDt02013-10-01
ReturnHeader/TaxPeriodEndDt02014-09-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,210,082
Liabilities
$131,791
Net assets
$2,078,291
Revenue
$842,489
Expenses
$593,160
Net income
$249,329
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.48$0.44$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.21$0.13$2.08$0.84$0.59$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.28$1.83$0.91$0.56$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.13$1.47$0.46
2011Summary only. Only limited summary data is available for this year.$1.08$0.07$1.01$1.01$0.86$0.15