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EIN 61-1400681

Kentucky Soybean Promotion Board

IRS 501(c) type
501(c)(5)
Num. employees
4
City
Princeton
State
Kentucky
Year formed
1974
Most recent tax filings
2024-06-01
NTEE code, primary
K20: Agricultural Programs
Description
Kentucky Soybean Promotion Board promotes and stimulates the increased use and sale of soybeans and soybean products. The Soybean Promotion research and consumer information act approved November 28, 1990 authorized them to establish a national industry-funded soybean promotion and research. Each first purchaser of soybeans in Kentucky collects and remits to Kentucky Soybean Promotion Board.
Also known as...
Kentucky Soybean Promotion Board in
Total revenues
$3,470,709
2024
Total expenses
$2,718,021
2024
Total assets
$8,990,460
2024
Num. employees
4
2024

Program areas at Kentucky Soybean Promotion Board

The Soybean Promotion research and consumer information act approved november 28, 1990 authorized the estaglishment of national industry funded Soybean Promotion and research. East first purchaser of soybeans in Kentucky shall collect and remit to the Kentucky Soybean Promotion Board at teh rate of .50% of the net market price of the soybeans purchased. The assessmetns are then used to promote and stimulate research, market development and education, and the increased sales and use of Soybean and soy products.

Personnel at Kentucky Soybean Promotion Board

NameTitleCompensation
Debbie EllisExecutive Director$142,800
Deborah EllisPast Executive Director

Financials for Kentucky Soybean Promotion Board

RevenuesFYE 06/2024
Total grants, contributions, etc.$0
Program services$3,221,487
Investment income and dividends$147,932
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$66,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$35,290
Total revenues$3,470,709

Form 990s for Kentucky Soybean Promotion Board

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-13990View PDF
2023-062023-11-13990View PDF
2022-062022-10-24990View PDF
2021-062021-09-27990View PDF
2019-062020-01-28990View PDF
...and 9 more Form 990s
Data update history
January 24, 2025
Posted financials
Added Form 990 for fiscal year 2024
January 11, 2025
Used new vendors
Identified 1 new vendor, including
March 30, 2024
Updated personnel
Identified 2 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Business and community development organizationsAgricultural programs
Issues
Human servicesAgricultureBusiness and industry
Characteristics
State / local level
General information
Address
1001 Hwy 62 W
Princeton, KY 42445
Metro area
Clarksville, TN-KY
County
Caldwell County, KY
Website URL
kysoy.org/ 
Phone
(270) 365-7214
IRS details
EIN
61-1400681
Fiscal year end
June
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
Independent
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