Civic Intelligence

Oklahoma Soybean Board Inc

990 • Fiscal year 2022 • EIN 73-1521287

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 04, 2024

Organization ProfileWWW.OKSOY.ORG
PO Box 578Claremore, OK 74018

(918) 343-2326

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.00x

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

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.00x

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

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Net Margin

46th percentile

4.6%

Higher net margin than 46% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2022 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2022

Asset Growth

83rd percentile

16%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

87th percentile

29%

Faster revenue growth than 87% of similar nonprofits.

2022 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$596,352

Up $156,805 (+36%) from 2020

Net Assets

Up

$596,352

Up $156,805 (+36%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin46th percentile

Revenue

Up

$1,022,785

Up $409,292 (+67%) from 2020

Expenses

Up

$976,106

Up $248,392 (+34%) from 2020

Net Income

Up

$46,679

Up $160,900 (+141%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$800K$600K$400K$200K$0Assets 2011: $595,038Liabilities 2011: $0Net Assets 2011: $595,0382011Assets 2012: $471,596Liabilities 2012: $0Net Assets 2012: $471,5962012Assets 2013: $383,294Liabilities 2013: $0Net Assets 2013: $383,2942013Assets 2014: $418,705Liabilities 2014: $0Net Assets 2014: $418,7052014Assets 2015: $481,890Liabilities 2015: $0Net Assets 2015: $481,8902015Assets 2016: $554,592Liabilities 2016: $0Net Assets 2016: $554,5922016Assets 2017: $540,916Liabilities 2017: $0Net Assets 2017: $540,9162017Assets 2018: $644,375Liabilities 2018: $0Net Assets 2018: $644,3752018Assets 2019: $553,768Liabilities 2019: $0Net Assets 2019: $553,7682019Assets 2020: $439,547Liabilities 2020: $0Net Assets 2020: $439,5472020Assets 2022: $596,352Liabilities 2022: $0Net Assets 2022: $596,3522022Assets 2023: $438,292Liabilities 2023: $0Net Assets 2023: $438,2922023Assets 2024: $438,115Liabilities 2024: $0Net Assets 2024: $438,1152024Assets 2025: $508,694Liabilities 2025: $0Net Assets 2025: $508,6942025

Highlighted filing

2022

Assets$596,352
Liabilities$0
Net Assets$596,352
Open 2022 Filing

Operations Trend

Revenue Growth87th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $945,591Expenses 2011: $835,790Net Income 2011: $109,8012011Revenue 2012: $128,896Expenses 2012: $252,338Net Income 2012: -$123,4422012Revenue 2013: $158,674Expenses 2013: $246,978Net Income 2013: -$88,3042013Revenue 2014: $690,062Expenses 2014: $655,000Net Income 2014: $35,0622014Revenue 2015: $731,406Expenses 2015: $667,131Net Income 2015: $64,2752015Revenue 2016: $711,207Expenses 2016: $638,505Net Income 2016: $72,7022016Revenue 2017: $836,211Expenses 2017: $853,845Net Income 2017: -$17,6342017Revenue 2018: $1,118,668Expenses 2018: $1,015,209Net Income 2018: $103,4592018Revenue 2019: $888,480Expenses 2019: $979,504Net Income 2019: -$91,0242019Revenue 2020: $613,493Expenses 2020: $727,714Net Income 2020: -$114,2212020Revenue 2022: $1,022,785Expenses 2022: $976,106Net Income 2022: $46,6792022Revenue 2023: $555,165Expenses 2023: $713,225Net Income 2023: -$158,0602023Revenue 2024: $697,169Expenses 2024: $697,346Net Income 2024: -$1772024Revenue 2025: $518,308Expenses 2025: $447,729Net Income 2025: $70,5792025

Highlighted filing

2022

Revenue$1,022,785
Expenses$976,106
Net Income$46,679
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 4, 2024
Return Version
2021v4.0
Gross Receipts
$1,022,785
Mission and Program Overview

Mission

Research and promotion of soybeans or soybean products

Research and promotion of soybean

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$548,720$596,014▲ $47,294
Land, Buildings, and Equipment, Net$953$338▼ $615
Total Assets$549,673$596,352▲ $46,679
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$549,673$596,352▲ $46,679
Total Net Assets Fund Balance$549,673$596,352▲ $46,679
Total Liabilities and Net Assets / Fund Balance$549,673$596,352▲ $46,679
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Brent RendelChairman
Rick ReimerDirector
Mark WhiteMember
Matt SteinertMember
Robert GreenlessMember
Paul FruendtSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,022,515
Program Service Revenue
$0
Investment Income
$270
Other Revenue
$0
All Other Contributions
$184
Change in Net Assets
$46,679

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,022,785
Total Revenue per Audited Statements
$1,022,785
Total Revenue per Form 990
$1,022,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$976,106
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
All Other Expenses---$144,079
Other Expenses---$86,066
Total Functional Expenses$0$0$0$976,106

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$976,106
Total Expenses per Audited Statements$976,106
Total Expenses per Form 990$976,106
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
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Oklahoma Soybean Board Inc
EIN
73-1521287
Phone
9183432326
Address
PO BOX 578, CLAREMORE, OK 74018

Signing Officer

Name
Brent Rendel
Title
Chairman
Phone
9183432326
Signed
2024-01-04

Organization Details

Principal Officer
Brent Rendel
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Hood Professional Services LLC
Address
323 W 1ST ST, CLAREMORE, OK 74017-8005
Preparer
Paul Hood CPA
Phone
9187477000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Promotion 44,942 0 0 education 43,843 0 0 workshops 35,424 0 0 awards 8,000 0 0 project expense 7,300 0 0 professional fees 3,645 0 0 614 0 0 other expense 311 0 0 total 144,079 0 0”

Raw XML Appendix247 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.

Path#Value
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IRS990/EmployeeCnt00
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IRS990/Form990PartVIISectionAGrp/PersonNm4RICK REIMER
IRS990/Form990PartVIISectionAGrp/PersonNm5BRENT RENDEL
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IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt01022331
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01022785
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IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt05
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0270
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0270
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/TotalAmt0388315
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROMOTION 44,942 0 0 EDUCATION 43,843 0 0 WORKSHOPS 35,424 0 0 AWARDS 8,000 0 0 PROJECT EXPENSE 7,300 0 0 PROFESSIONAL FEES 3,645 0 0 614 0 0 OTHER EXPENSE 311 0 0 TOTAL 144,079 0 0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum09183432326
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-04
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ReturnHeader/Filer/EIN0731521287
ReturnHeader/Filer/PhoneNum09183432326
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0740178005
ReturnHeader/PreparerPersonGrp/PhoneNum09187477000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL HOOD CPA
ReturnHeader/ReturnTs02024-02-07T10:44:38-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BRENT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RENDEL
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

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
$596,352
Liabilities
$0
Net assets
$596,352
Revenue
$1,022,785
Expenses
$976,106
Net income
$46,679
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.52$0.45$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$0.70$0.70$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.00$0.44$0.56$0.71$0.16
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$1.02$0.98$0.05
2020Summary only. Only limited summary data is available for this year.$0.44$0.00$0.44$0.61$0.73$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.89$0.98$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$1.12$1.02$0.10
2017Summary only. Only limited summary data is available for this year.$0.54$0.00$0.54$0.84$0.85$0.02
2016Summary only. Only limited summary data is available for this year.$0.55$0.00$0.55$0.71$0.64$0.07
2015Summary only. Only limited summary data is available for this year.$0.48$0.00$0.48$0.73$0.67$0.06
2014Summary only. Only limited summary data is available for this year.$0.42$0.00$0.42$0.69$0.66$0.04
2013Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.16$0.25$0.09
2012Summary only. Only limited summary data is available for this year.$0.47$0.00$0.47$0.13$0.25$0.12
2011Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.95$0.84$0.11