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EIN 37-6152654

Illinois Soybean Board

IRS 501(c) type
501(c)(5)
Num. employees
38
City
Bloomington
State
Illinois
Year formed
1974
Most recent tax filings
2023-08-01
NTEE code, primary
K20: Agricultural Programs
Description
Illinois Soybean Board facilitates the growth and development of the organization by providing guidance and coordination in matters pertaining to its current and future direction. Its mission is to ensure Illinois soy is the highest quality, most dependable, sustainable and competitive in the global marketplace. The Board identifies new uses for soy, better measures conservation practices, identifies best management practices for producers, and increases domestic biodiesel consumption.
Also known as...
Illinois Soybean Program Operating Board
Total revenues
$23,904,585
2023
Total expenses
$20,848,645
2023
Total assets
$28,119,823
2023
Num. employees
38
2023

Program areas at Illinois Soybean Board

Communications: to communicate information to help Illinois Soybean farmers become market leaders in sustainable Soybean production and profitability.
Soybean production: identifying new uses for soy, better measuring conservation practices, identifying best management practices for producers and increasing domestic biodiesel consumption.
Market development: support the efforts to develop markets and increase public knowledge of value and benefits of soybeans and Soybean production.
Government relations
Executive funding

Personnel at Illinois Soybean Board

NameTitleCompensation
John LumpeChief Executive Officer$224,990
Kathryn OwenChief Financial Officer$82,883
Brian HansenPast Chief Financial Officer
Dwayne Anderson3 | Assistant Treasurer and Secretary$0
Ron Kindred9 | Chairman$0
...and 6 more key personnel

Financials for Illinois Soybean Board

RevenuesFYE 08/2023
Total grants, contributions, etc.$0
Program services$23,733,959
Investment income and dividends$373,074
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-202,448
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$23,904,585

Form 990s for Illinois Soybean Board

Fiscal year endingDate received by IRSFormPDF link
2023-082023-11-29990View PDF
2022-082022-12-07990View PDF
2021-082022-05-11990View PDF
2020-082021-10-28990View PDF
2019-082020-09-17990View PDF
...and 9 more Form 990s
Data update history
February 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 3, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 4, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Business and community development organizationsAgricultural programsHeadquarter / parent organizations
Issues
Human servicesAgricultureBusiness and industry
Characteristics
State / local level
General information
Address
1108 Trinity LN
Bloomington, IL 61704
Metro area
Bloomington, IL
County
McLean County, IL
Website URL
ilsoy.org/ 
Phone
(309) 663-7692
IRS details
EIN
37-6152654
Fiscal year end
August
Taxreturn type
Form 990
Year formed
1974
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
K20: Agricultural Programs
NAICS code, primary
813910: Trade Associations
Parent/child status
Central organization
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