Civic Intelligence

Kentucky Soybean Promotion Board In

990 • Fiscal year 2014 • EIN 61-1400681

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 02, 2014

Organization ProfileWWW.KYSOY.ORG

View Organization Page

1001 Hwy 62 West PO Box 3042445

(270) 365-7214

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

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

Liabilities / Revenue

18th percentile

0.00x

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

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

Net Margin

94th percentile

35%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

44th percentile

$91,500

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

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

Asset Growth

90th percentile

27%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$4,298,059

Up $926,703 (+27%) from 2013

Net Assets

Up

$4,298,059

Up $926,703 (+27%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin94th percentile

Revenue

$2,656,136

No earlier filing loaded for comparison.

Expenses

Up

$1,729,433

Up $336,589 (+24%) from 2013

Net Income

$926,703

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$10M$5.0M$0Assets 2012: $2,603,230Liabilities 2012: $0Net Assets 2012: $2,603,2302012Assets 2013: $3,371,356Liabilities 2013: $0Net Assets 2013: $3,371,3562013Assets 2014: $4,298,059Liabilities 2014: $0Net Assets 2014: $4,298,0592014Assets 2015: $4,282,158Liabilities 2015: $0Net Assets 2015: $4,282,1582015Assets 2016: $4,323,560Liabilities 2016: $0Net Assets 2016: $4,323,5602016Assets 2017: $4,862,710Liabilities 2017: $0Net Assets 2017: $4,862,7102017Assets 2018: $5,225,197Liabilities 2018: $0Net Assets 2018: $5,225,1972018Assets 2019: $5,127,972Liabilities 2019: $0Net Assets 2019: $5,127,9722019Assets 2020: $4,751,674Liabilities 2020: $0Net Assets 2020: $4,751,6742020Assets 2021: $5,827,817Liabilities 2021: $0Net Assets 2021: $5,827,8172021Assets 2022: $6,980,782Liabilities 2022: $0Net Assets 2022: $6,980,7822022Assets 2023: $8,228,680Liabilities 2023: $0Net Assets 2023: $8,228,6802023Assets 2024: $8,990,460Liabilities 2024: $0Net Assets 2024: $8,990,4602024

Highlighted filing

2014

Assets$4,298,059
Liabilities$0
Net Assets$4,298,059
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $1,640,1032012Expenses 2013: $1,392,8442013Revenue 2014: $2,656,136Expenses 2014: $1,729,433Net Income 2014: $926,7032014Revenue 2015: $2,062,877Expenses 2015: $2,078,778Net Income 2015: -$15,9012015Revenue 2016: $2,310,336Expenses 2016: $2,268,934Net Income 2016: $41,4022016Revenue 2017: $2,616,564Expenses 2017: $1,977,414Net Income 2017: $639,1502017Revenue 2018: $2,556,606Expenses 2018: $2,194,120Net Income 2018: $362,4862018Revenue 2019: $2,096,180Expenses 2019: $2,193,405Net Income 2019: -$97,2252019Revenue 2020: $1,747,070Expenses 2020: $2,123,368Net Income 2020: -$376,2982020Revenue 2021: $2,736,101Expenses 2021: $1,659,958Net Income 2021: $1,076,1432021Revenue 2022: $3,257,461Expenses 2022: $2,104,496Net Income 2022: $1,152,9652022Revenue 2023: $3,598,908Expenses 2023: $2,237,497Net Income 2023: $1,361,4112023Revenue 2024: $3,470,709Expenses 2024: $2,718,021Net Income 2024: $752,6882024

Highlighted filing

2014

Revenue$2,656,136
Expenses$1,729,433
Net Income$926,703
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 2, 2014
Return Version
2013v3.1
Gross Receipts
$2,656,136
Mission and Program Overview

Mission

To promote and stimulate the increased use and sale of soybeans and soybean products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,534,538$2,478,115▲ $943,577
Savings and Temporary Cash Investments$1,550,014$1,550,014→ $0
Land, Buildings, and Equipment, Net$286,804$269,930▼ $16,874
Total Assets$3,371,356$4,298,059▲ $926,703
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$3,371,356$4,298,059▲ $926,703
Total Net Assets Fund Balance$3,371,356$4,298,059▲ $926,703
Total Liabilities and Net Assets / Fund Balance$3,371,356$4,298,059▲ $926,703

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$481,692-$481,692
Land$40,000-$40,000
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleBaseTotal
Debbie EllisExecutive Di$91,500$91,500

Board Members and Trustees

NameTitle
Dennis ClarkChairman
Keith TappVice Chairma
Gerry HaydenDirector
Glenn HowellDirector
Jed ClarkDirector
Jerry HollowayDirector
Kim MccoyDirector
Larry ThomasDirector
Mike BurchettDirector
Ryan BivensDirector
Davie StephensSec - Treasu
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,641,136
Investment Income
$9,960
Other Revenue
$5,040
Change in Net Assets
$926,703

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,656,136
Total Revenue per Audited Statements
$2,656,136
Total Revenue per Form 990
$2,656,136
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,702,742
Salaries, Compensation, and Employee Benefits$26,691
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses---$439,296
Other Expenses---$210,996
Depreciation Depletion---$25,999
Pension Plan Contributions---$18,400
Occupancy---$16,001
Other Employee Benefits---$4,671
Payroll Taxes---$3,620
Fees for Services Accounting---$3,315
Insurance---$1,122
Total Functional Expenses$0$0$0$1,729,433

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,729,433
Total Expenses per Audited Statements$1,729,433
Total Expenses per Form 990$1,729,433
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
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
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

“Reviewed by executive director and board of directors”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

EIN
61-1400681
Phone
2703657214

Signing Officer

Name
Deborah Ellis
Title
Executive Director
Phone
2703657214
Signed
2014-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debbie Ellis
Formed
1974
Legal Domicile
Ky
Voting Board Members
11
Independent Board Members
11
Employees
7

Preparer

Preparer
Anna Gentry
Phone
2708866355
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The soybean promotion research and consumer information act approved november 28, 1990 authorized the establishment of national industry funded soybean promotion and research. Each first purchaser of soybeans in kentucky shall collect and remit to the kentucky soybean promotion board at the rate of .50% of the net market price of the soybeans purchased. The assessments are then used to promote and stimulate research, market development and education, and the increased sales and use of soybean and soy products.”

Form 990, Part IX, Line 24E

“Producer communications 105,175 0 0 animal ag initiative 97,914 0 0 administration-indirect 43,980 0 0 collection & compliance 36,585 0 0 aquaculture 32,485 0 0 stars program 32,000 0 0 wishh program 27,474 0 0 defined support service 19,795 0 0 msu event 18,017 0 0 ky soy industry maps 16,200 0 0 ffa programs 6,000 0 0 payroll personnel fee 2,424 0 0 soybean rust information 1,040 0 0 miscellaneous 207 0 0”

Raw XML Appendix337 raw XML fields

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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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt7SEC - TREASU
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE DI
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOYBEAN PROMOTION RESEARCH AND CONSUMER INFORMATION ACT APPROVED NOVEMBER 28, 1990 AUTHORIZED THE ESTABLISHMENT OF NATIONAL INDUSTRY FUNDED SOYBEAN PROMOTION AND RESEARCH. EACH FIRST PURCHASER OF SOYBEANS IN KENTUCKY SHALL COLLECT AND REMIT TO THE KENTUCKY SOYBEAN PROMOTION BOARD AT THE RATE OF .50% OF THE NET MARKET PRICE OF THE SOYBEANS PURCHASED. THE ASSESSMENTS ARE THEN USED TO PROMOTE AND STIMULATE RESEARCH, MARKET DEVELOPMENT AND EDUCATION, AND THE INCREASED SALES AND USE OF SOYBEAN AND SOY PRODUCTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEWED BY EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRODUCER COMMUNICATIONS 105,175 0 0 ANIMAL AG INITIATIVE 97,914 0 0 ADMINISTRATION-INDIRECT 43,980 0 0 COLLECTION & COMPLIANCE 36,585 0 0 AQUACULTURE 32,485 0 0 STARS PROGRAM 32,000 0 0 WISHH PROGRAM 27,474 0 0 DEFINED SUPPORT SERVICE 19,795 0 0 MSU EVENT 18,017 0 0 KY SOY INDUSTRY MAPS 16,200 0 0 FFA PROGRAMS 6,000 0 0 PAYROLL PERSONNEL FEE 2,424 0 0 SOYBEAN RUST INFORMATION 1,040 0 0 MISCELLANEOUS 207 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
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IRS990/USAddress/AddressLine101001 HWY 62 W
IRS990/USAddress/City0PRINCETON
IRS990/USAddress/State0KY
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DEBORAH ELLIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02703657214
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-02
ReturnHeader/Filer/BusinessName/BusinessNameLine10KENTUCKY SOYBEAN PROMOTION BOARD IN
ReturnHeader/Filer/BusinessNameControlTxt0KENT
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10KEM DUGUID & ASSOCIATES
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0HOPKINSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0422403403
ReturnHeader/PreparerPersonGrp/PhoneNum02708866355
ReturnHeader/PreparerPersonGrp/PreparationDt02014-09-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANNA GENTRY
ReturnHeader/ReturnTs02014-09-17T13:51:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
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
$4,298,059
Liabilities
$0
Net assets
$4,298,059
Revenue
$2,656,136
Expenses
$1,729,433
Net income
$926,703
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.99$0.00$8.99$3.47$2.72$0.75
2023Detailed filing. Detailed filing data is available for this year.$8.23$0.00$8.23$3.60$2.24$1.36
2022Detailed filing. Detailed filing data is available for this year.$6.98$0.00$6.98$3.26$2.10$1.15
2021Detailed filing. Detailed filing data is available for this year.$5.83$0.00$5.83$2.74$1.66$1.08
2020Detailed filing. Detailed filing data is available for this year.$4.75$0.00$4.75$1.75$2.12$0.38
2019Detailed filing. Detailed filing data is available for this year.$5.13$0.00$5.13$2.10$2.19$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.23$0.00$5.23$2.56$2.19$0.36
2017Detailed filing. Detailed filing data is available for this year.$4.86$0.00$4.86$2.62$1.98$0.64
2016Detailed filing. Detailed filing data is available for this year.$4.32$0.00$4.32$2.31$2.27$0.04
2015Detailed filing. Detailed filing data is available for this year.$4.28$0.00$4.28$2.06$2.08$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.30$0.00$4.30$2.66$1.73$0.93
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.00$3.37$1.39
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.60$0.00$2.60$1.64