2025-04-01T16:40:10-05:00 2024-08-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2023-09-01 421036179 IOWA CORN GROWER'S ASSOCIATION IOWA 5152259242 5505 NW 88TH STREET 100 JOHNSTON IA 50131 CRAIG FLOSS CHIEF EXECUTIVE OFFICER 5152259242 2025-03-15 1 0 KATHY FAIRCHILD P00222608 5155586600 2025-03-15 2023 2025-03-06 01:10:19Z CRAIG FLOSS 5505 NW 88TH STREET 100 JOHNSTON IA 50131 28290089 0 X IOWACORN.ORG X 1967 IA CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY 13 13 43 450 -74441 0 88640 318482 20718692 27725221 77033 122974 86185 85370 20970550 28252047 9571420 9680377 0 0 4393536 4742543 0 0 0 6191728 11521999 20156684 25944919 813866 2307128 20266725 27369569 3300266 8028522 16966459 19341047 X THE IOWA CORN GROWERS ASSOCIATION (ICGA) IS A MEMBERSHIP ORGANIZATION LOBBYING TO PROTECT THE RIGHTS OF ITS MORE THAN 7,000 CORN FARMER MEMBERS. ICGA SERVES AS THE COLLECTIVE VOICE FOR IOWA CORN FARMERS, LOBBYING ON AGRICULTURAL ISSUES AT THE STATE AND FEDERAL LEVEL. ICGA'S MISSION IS TO CREATE OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY. 0 0 RESEARCH: THE IOWA CORN GROWERS ASSOCIATION RESEARCH IS CENTERED ON DEVELOPING NEW USES FOR CORN AND IMPROVING THE PRODUCTION EFFICIENCY OF GROWING CORN. IT IS IMPERATIVE THAT WE DISCOVER NEW USES TO HELP CREATE DEMAND FOR THE SURPLUS CROP. IN ADDITION, WE FUND RESEARCH TO IMPROVE EFFICIENCY AND REDUCE THE ENVIRONMENTAL IMPACT OF CORN PRODUCTION. THIS IS THE KEY TO ADVANCING THE INDUSTRY AND IS IMPORTANT FOR THE FUTURE ECONOMIC VIABILITY OF CORN FARMERS ACROSS THE NATION. SEVERAL PATENTS HAVE BEEN AWARDED FOR THE DEVELOPMENT OF BIOPLASTICS AND BIOCHEMICALS TO MAKE RENEWABLE PLASTIC MATERIAL. MARKET DEVELOPMENT: THE BEST WAY TO ENHANCE GROWER PROFITABILITY IS TO CREATE NEW DEMAND FOR CORN IN ALL FORMS. THE IOWA CORN GROWERS ASSOCIATION'S (ICGA) INVESTMENT IN US GRAINS COUNCIL AND THE US MEAT EXPORT FEDERATION HAS HELPED INCREASE DEMAND FOR US CORN IN ALL FORMS AROUND THE WORLD, AND ALSO HELPED PROFITABILITY OF FARMERS IN IOWA AND AROUND THE COUNTRY. THE ICGA WORKS TO REDUCE TRADE BARRIERS FOR CORN AND LIVESTOCK AROUND THE WORLD TO INCREASE ACCESS TO EXPORT MARKETS FOR US FARMERS. ICGA WORKS TO EXPAND MARKETS FOR FOOD, FEED AND FUEL. ETHANOL IS A KEY MARKET FOR IOWA'S FARMERS, AND ICGA WORKS TO MAINTAIN MARKET ACCESS FOR ETHANOL ACROSS THE U.S. AND TO REMOVE REGULATORY BARRIERS FOR HIGHER BLENDS OF ETHANOL. EDUCATION/PROMOTION: THE IOWA CORN GROWERS ASSOCIATION (ICGA) EDUCATIONAL PROGRAMS WORK TO REACH BOTH FARMER AND CONSUMER AUDIENCES ABOUT THE ECONOMIC AND ENVIRONMENTAL VITALITY OF THE CORN INDUSTRY IN THE STATE OF IOWA. EDUCATION ABOUT CORN AND THE 4,000 PRODUCTS MADE FROM CORN HAPPENS THROUGH EARNED MEDIA, ADVERTISING, PROMOTIONAL EVENTS, AND THE IOWA CORN MOBILE EDUCATION CENTER (ICMEC). FARMER TO FARMER EDUCATION ON WATER QUALITY AND CONSERVATION METHODS OCCURS AT CROP FAIRS, STEWARDSHIP ADVOCATE EVENTS, AND OTHER FIELD DAYS. DISTRICT AND COUNTY ORGANIZATIONS PARTNER WITH ICGA ON CONSUMER AND FARMER EDUCATIONAL AND PROMOTIONAL EFFORTS. ICGA WORKS TO EDUCATE POLICY MAKERS ABOUT THE PRIORITIES SET FORWARD BY MEMBERSHIP AND IMPLEMENTED BY THE BOARD. IOWA CORN OPPORTUNITIES, LLC (ICO), IOWA CORN GROWERS ASSOCIATION'S WHOLLY OWNED SUBSIDIARY, BEGAN OPERATIONS DURING THE YEAR ENDED AUGUST 31, 2008 AND WAS FORMED PRIMARILY TO PROVIDE FINANCIAL AND ORGANIZATIONAL SUPPORT TO PROJECTS THAT WILL PROVIDE A DEMONSTRATABLE BENEFIT TO IOWA CORN PRODUCERS. IOWA CORN OPPORTUNITIES BELIEVES IN A STRONG AGRICULTURAL ECONOMY WHERE FARMERS AND RURAL COMMUNITIES GAIN INCREASING BENEFITS AND PROFITS WHILE INVESTING IN NEW AGRICULTURAL BUSINESS OPPORTUNITIES. IOWA CORN OPPORTUNITIES MISSION IS TO ASSIST NEW AND GROWING COMPANIES IN DEVELOPING STRATEGIES FOR GROWTH AND PROFITABILITY, LEVERAGE INVESTMENT OPPORTUNITIES TO CREATE FUTURE PROFIT OPPORTUNITIES FOR CORN GROWERS, AND GENERATE A PROFITABLE RETURN TO USE IN CONTINUED INVESTMENTS TO CREATE NEW OPPORTUNITIES FOR CORN GROWERS. 0 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 76 0 1 43 1 0 0 0 0 1 1 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X VALERIE SANCHEZ 5152259242 5505 NW 88TH STREET 100 JOHNSTON IA 50131 X DENNIS FRIEST CHAIR 5.00 X X 4950 0 0 JOLENE RIESSEN PRESIDENT 5.00 X X 6850 0 0 LANCE LILLIBRIDGE OFFICER AT-LARGE 5.00 X 2400 0 0 ADAM BIERBAUM DIRECTOR 5.00 X 2500 0 0 WILL CANNON DIRECTOR 5.00 X 2000 0 0 DAN KEITZER DIRECTOR 5.00 X 3900 0 0 STEVE KUIPER DIRECTOR 5.00 X 2100 0 0 LOGAN LYON DIRECTOR 5.00 X 1800 0 0 MARK MUELLER DIRECTOR 5.00 X 4550 0 0 MIKE VER STEEG DIRECTOR 5.00 X 2950 0 0 STU SWANSON VICE PRESIDENT 5.00 X X 6450 0 0 AARIKA SCHWARCK DIRECTOR 5.00 X 100 0 0 LAURA FOELL DIRECTOR 5.00 X 1000 0 0 CRAIG FLOSS CHIEF EXECUTIVE OFFICER 40.00 X 489495 0 69541 JULIE KIRBY VP OF FINANCE (THRU 7/24) 40.00 X 225634 0 42730 VALERIE SANCHEZ SR DIRECTOR OF FINANCE (FROM 8/24) 40.00 X 0 0 0 BRIAN R JONES CHIEF OPERATING OFFICER 40.00 X 281229 0 53586 MINDY LARSEN POLDBERG DIR. OF GOV'T RELATIONS (UNTIL 7/24) 40.00 X 232868 0 55540 RODNEY WILLIAMSON DIR. OF RESEARCH & SUSTAINABILITY 40.00 X 235960 0 51011 SHANNON TEXTOR DIRECTOR OF COMMUNICATIONS 40.00 X 182534 0 37997 KEVIN STUDER DIRECTOR OF FEDERAL POLICY 40.00 X 173974 0 43166 GREG WANDREY DIRECTOR OF SUSTAINABILITY 40.00 X 124032 0 10214 RYAN SAUER DIRECTOR OF MARKET DEVELOPMENT 40.00 X 117823 0 884 DAVID ERTL TECH. COMMERCIALIZATION (UNTIL 6/24) 40.00 X 131349 0 41762 CARRIE DODDS VP OF GRASSROOTS DEV 40.00 X 146988 0 45358 2383436 0 451789 12 0 1 0 AVN CORPORATION PO BOX 8396 CHARLESTON WV 25303 RESEARCH PROJECTS 2612761 NEXT STEP ADVERTISING 2310 SE DELAWARE AVE STE G 274 ANKENY IA 50021 ADVERTISING 986283 MORGANMYERS N16 W23233 STONE RIDGE DR STE 200 WAUKESHA WI 53188 PROMOTION AGENCY 550867 RADICAL GROWTH MANAGEMENT LLC 3525 DEL MAR HEIGHTS RD STE 200 SAN DIEGO CA 92130 MANAGEMENT SERVICES 350000 SOLIS AGROSCIENCE INC 1100 CORPORATE SQUARE DR ST LOUIS MO 63132 RESEARCH PROJECTS 232775 13 318482 318482 IA CORN PROM BD 110000 27439493 26868293 571200 MEMBERSHIP DUES 110000 159353 159353 ETHANOL CERTIFICATES 110000 126390 126390 NOVECTA LLC 110000 -15 -15 27725221 161016 -74441 235457 38042 -38042 -38042 -38042 MANAGEMENT FEES 561000 70370 70370 ANNUAL MEETING 110000 15000 15000 85370 28252047 27169021 -74441 838985 X 9680377 2113061 1889859 319822 125554 294247 25082 174000 3805464 4094344 35838 36183 384036 115770 83329 135608 PRINT & WEB 1097803 ANIMAL AG & ENVIRONMENT 335129 USAGE & PRODUCTION 292289 MEMBERSHIP COSTS 246958 660166 25944919 4730775 6108263 4114374 4921716 191671 257119 500000 500000 1002342 4852890 2761895 1081340 1763884 1680555 7888657 8973542 75022 75484 20266725 27369569 1190333 1208785 224645 254364 1885288 6565373 3300266 8028522 X 16690183 18785628 276276 555419 16966459 19341047 20266725 27369569 X 2307128 -222675 290135 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 282183 282183 2467788 1069416 1398372 11924 11924 0 1680555 MIDWEST GROWTH PARTNERS 146162 C NEXT LEVEL VENTURES 202488 C CULTIVIAN II 706341 C FARM QA, INC 500000 C ACCELERATED AG TECHNOLOGIES 397108 C NEXT LEVEL VENTURES II 490317 C MIDWEST GROWTH PARTNERS FUND II 1152308 C TRACTOR ZOOM, INC 608345 C CLEARFLAME ENGINES, INC 1846571 C FULCRUM GLOBAL CAP 492614 C BURLINGTON CAPITAL 467545 C GENVAX 790811 C MIDWEST GROWTH PARTNERS FUND III 722932 C GRAIN WEEVIL CORPORATION 400000 C AG STARTUP ENGINE SEED FUND I LLC 50000 C 8973542 DUE TO AFFILIATE 1652416 CONTRACT LIABILITY 4912957 6565373 X 28333232 -222675 303860 81185 28252047 0 28252047 25958644 13725 13725 25944919 0 25944919 PART X, LINE 2: THE ASSOCIATION IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES ON RELATED INCOME. THE ASSOCIATION IS SUBJECT TO FEDERAL AND STATE INCOME TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ACCORDANCE WITH THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES, MANAGEMENT HAS EVALUATED THEIR MATERIAL TAX POSITIONS AND DETERMINED THAT THERE ARE NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM SEGREGATED PAC FUND NOT INCLUDED IN 990 57,761. MIDWEST GROWTH PARTNERS I LLLP BOOK/TAX DIFFERENCE 10,294. MIDWEST GROWTH PARTNERS II LLLP BOOK/TAX DIFFERENCE 33,644. NEXT LEVEL VENTURES FUND I LLLP BOOK/TAX DIFFERENCE -328. NEXT LEVEL VENTURES FUND II LLLP BOOK/TAX DIFFERENCE 552. RURAL AMERICAN FUND II LP BOOK/TAX DIFFERENCE 124,727. ACCELERATED AG TECHNOLOGIES LLC BOOK/TAX DIFFERENCE 29,093. CULTIVIAN SANDBOX FOOD AND AGRICULTURE FUND II BOOK/TAX DIFFERENCE NOVECTA LLC BOOK/TAX DIFFERENCE -314. MIDWEST GROWTH PARTNERS III LLLP BOOK/TAX DIFFERENCE 48,431. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SEGREGATED PAC FUND NOT INCLUDED IN 990 13,725. 1 NATIONAL CORN GROWERS ASSOCIATION (NCGA) PO BOX 415000 NASHVILLE TN 37241 420897662 501(C)(5) 3708300 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS US GRAINS COUNCIL (USGC) 20 F ST NW STE 900 WASHINGTON DC 20001 530260714 501(C)(6) 2839738 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS US MEAT EXPORT FEDERATION (USMEF) PO BOX 840991 DALLAS TX 75284 521067268 501(C)(6) 2050000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS IOWA AGRICULTURE WATER ALLIANCE (IAWA) 1255 SW PRAIRIE TRAIL PKWY ANKENY IA 50023 320440113 501(C)(3) 250000 0 GENERAL SUPPORT KANSAS CORN COMMISSION 1680 CHARLES PL STE 200 MANHATTAN KS 66502 481232208 170(B)(A)(A)(V) 250000 0 E85 EXPANSION SUPPORT IOWA STATE UNIVERSITY (ISU) SPA 1350 BEARDSHEAR HALL 515 MORRILL RD AMES IA 50011 426004224 501(C)(3) 101625 0 RESEARCH GRANT, GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS UNIVERSITY OF ILLINOIS CHICAGO 1309 S HALSTED ST MC 156 CHICAGO IL 60607 376000511 501(C)(3) 75000 0 RESEARCH GRANT - HORMEL INSTITUTE WORLD FOOD PRIZE 100 LOCUST ST DES MOINES IA 50309 421356715 501(C)(3) 60000 0 GENERAL SUPPORT IOWA AGRICULTURE LITERACY FOUNDATION (IALF) PO BOX 14458 DES MOINES IA 50306 311672416 501(C)(3) 50000 0 GENERAL SUPPORT IOWA NUTRIENT RESEARCH & EDUCATION COUNCIL (INREC) 900 DES MOINES ST DES MOINES IA 50309 472930044 501(C)(3) 35000 0 GENERAL SUPPORT IOWA FOUNDATION FOR AGRICULTURAL ADVANCEMENT (IFAA) 33675 520TH AVE SLATER IA 50244 421183067 501(C)(3) 27500 0 GENERAL SUPPORT GREATER DES MOINES PARTNERSHIP 700 LOCUST ST STE 100 DES MOINES IA 50309 421489668 501(C)(6) 27000 0 GENERAL SUPPORT WATERWAYS COUNCIL INC (WCI) 499 S CAPITOL ST SW STE 401 WASHINGTON DC 20003 260080090 501(C)(6) 25000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS GLOBAL FARMER NETWORK 309 COURT AVE STE 214 DES MOINES IA 50309 421500468 501(C)(4) 25000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS AGRICULTURE'S CLEAN WATER ALLIANCE 1255 SW PRAIRIE TRAIL PKWY ANKENY IA 50023 421510642 501(C)(5) 25000 0 GENERAL SUPPORT IOWA SOYBEAN ASSOCIATION (ISA) 1255 SW PRAIRIE TRAIL PKWY ANKENY IA 50023 426127197 501(C)(5) 15000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS NATIONAL WATERWAYS CONFERENCE (NWC) 1100 N GLEBE RD STE 1010 ARLINGTON VA 22201 530259567 501(C)(6) 15000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS UNIVERSITY OF WISCONSIN FOUNDATION US BANK LOCKBOX BOX 78807 MILWAUKEE WI 53278 390743975 501(C)(3) 13032 0 RESEARCH GRANT IOWA RENEWABLE FUELS ASSOCIATION (IRFA) 5505 NW 88TH ST 100 JOHNSTON IA 50131 431982636 501(C)(6) 10800 0 GENERAL SUPPORT SILOS & SMOKESTACKS NATIONAL HERITAGE AREA 305 W PARK AVE PO BOX 2845 WATERLOO IA 50704 421387305 501(C)(3) 10000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS IOWA FFA FOUNDATION INC 1055 SW PRAIRIE TRAIL PKWY ANKENY IA 50023 421305468 501(C)(3) 8102 0 GENERAL SUPPORT COALITION TO PROTECT THE MISSOURI RIVER 490 SE 300 RD CLINTON IA 64735 431926331 501(C)(6) 7000 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS DES MOINES CIVIC CENTER 221 WALNUT STREET DES MOINES IA 50309 510138181 501(C)(3) 6000 0 GENERAL SUPPORT UNIVERSITY OF DELAWARE 590 AVE ROOM 301 NEWARK DE 19713 516000297 501(C)(3) 5600 0 RESEARCH GRANT IOWA BREWERS GUILD PO BOX 568 DES MOINES IA 50302 260643798 501(C)(6) 5500 0 GENERAL SUPPORT TEXAS A & M AGRILIFE RESEARCH PO BOX TAMUS 2147 COLLEGE STATION TX 77842 746000541 170(B)(A)(A)(V) 5180 0 RESEARCH GRANT 14 13 PART I, LINE 2: IOWA CORN GROWERS ASSOCIATION (ICGA) SUPPORTS ORGANIZATIONS THAT WORK TOWARDS COMMON GOALS AS ICGA. ICGA DOLLARS FOR SUPPORT OF FOREIGN TRADE PARTNERS, SUCH AS US GRAINS COUNCIL AND US MEAT EXPORT FEDERATION, IS MULTIPLIED THROUGH THE INVOLVEMENT OF MANY DIFFERENT CORN STATES AND MATCHED WITH GOVERNMENTAL SUPPORT. X X X X 0 0 0 CRAIG FLOSS CHIEF EXECUTIVE OFFICER 458733 0 22575 0 8187 0 37404 0 32137 0 559036 0 0 0 BRIAN R JONES CHIEF OPERATING OFFICER 248632 0 32597 0 0 0 24023 0 29563 0 334815 0 0 0 MINDY LARSEN POLDBERG DIR. OF GOV'T RELATIONS (UNTIL 7/24) 212788 0 20052 0 28 0 19494 0 36046 0 288408 0 0 0 RODNEY WILLIAMSON DIR. OF RESEARCH & SUSTAINABILITY 216226 0 19734 0 0 0 21965 0 29046 0 286971 0 0 0 JULIE KIRBY VP OF FINANCE (THRU 7/24) 206730 0 18904 0 0 0 20330 0 22400 0 268364 0 0 0 SHANNON TEXTOR DIRECTOR OF COMMUNICATIONS 167200 0 15334 0 0 0 17067 0 20930 0 220531 0 0 0 KEVIN STUDER DIRECTOR OF FEDERAL POLICY 163955 0 10019 0 0 0 14735 0 28431 0 217140 0 0 0 CARRIE DODDS VP OF GRASSROOTS DEV 133403 0 12524 0 1061 0 13926 0 31432 0 192346 0 0 0 DAVID ERTL TECH. COMMERCIALIZATION (UNTIL 6/24) 123848 0 7501 0 0 0 12482 0 29280 0 173111 0 0 0 PART II CRAIG FLOSS' TIME IS DEDICATED 16 HOURS TO THE ORGANIZATION AND 24 HOURS TO IOWA CORN PROMOTION BOARD - AN AFFILIATED BUT UNRELATED ORGANIZATION. JULIE KIRBY'S TIME IS DEDICATED 12 HOURS TO THE ORGANIZATION AND 28 HOURS TO IOWA CORN PROMOTION BOARD - AN AFFILIATED BUT UNRELATED ORGANIZATION. BRIAN JONES' TIME IS DEDICATED 20 HOURS TO THE ORGANIZATION AND 20 HOURS TO IOWA CORN PROMOTION BOARD - AN AFFILIATED BUT UNRELATED ORGANIZATION. FORM 990, PART 1, LINE 6 VOLUNTEERS CONSIST OF BOARD MEMBERS AND COMMITTEE MEMBERS, INCLUDING EX-OFFICIOS, NON-BOARD COMMITTEE MEMBERS, AND VOTING DELEGATES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE CLASSIFIED AS GROWER OR ASSOCIATE. ANY INDIVIDUAL OR ENTITY ENGAGED IN THE PRODUCTION OF A MINIMUM OF TWO HUNDRED FIFTY (250) BUSHELS OF CORN IN IOWA MAY BECOME A GROWER MEMBER UPON FILING AN APPLICATION AND PAYINGANNUAL DUES AS ESTABLISHED BY THE BOARD OF DIRECTORS FROM TIME TO TIME (DUES OF $60 FOR YEAR ENDING 8/31/24). ANY INDIVIDUAL OR ENTITY NOT ELIGIBLE FOR MEMBERSHIP AS A GROWER MEMBER MAY BECOME AN ASSOCIATE MEMBER UPON FILING AN APPLICATION AND PAYING ANNUAL DUES AS ESTABLISHED BY THE BOARD OF DIRECTORS. ASSOCIATE MEMBERS SHALL HAVE ALL OF THE RIGHTS AND PRIVILEGES OF MEMBERSHIP EXCEPT THE RIGHT TO VOTE, AND EXCEPT THAT NO ASSOCIATE MEMBER SHALL BE ELIGIBLE TO SERVE AS A DIRECTOR OR TO HOLD A CORPORATE OFFICE. FORM 990, PART VI, SECTION A, LINE 7A ANY INDIVIDUAL OR ENTITY ENGAGED IN THE PRODUCTION OF A MINIMUM OF TWO HUNDRED FIFTY (250) BUSHELS OF CORN IN IOWA MAY BECOME A GROWER MEMBER UPON FILING AN APPLICATION AND PAYING ANNUAL DUES OF $60 AS ESTABLISHED BY THE BOARD OF DIRECTORS FROM TIME TO TIME. GROWER MEMBERS HAVE THE RIGHT TO VOTE FOR ELECTION OF DIRECTORS AS PROVIDED IN THE BYLAWS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS HAVE OVERSIGHT OF THE ADMINISTRATION AND MANAGEMENT OF THE ORGANIZATION'S BUSINESS AND AFFAIRS. THE DIRECTORS, IN ALL CASES, ACT AS A BOARD, AND (EXCEPT AS OTHERWISE PROVIDED IN THE BYLAWS) EACH DIRECTOR SHALL HAVE ONE VOTE ON ALL MATTERS REQUIRING THE CONSENT, APPROVAL OR VOTE OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ADOPT SUCH RULES AND REGULATIONS FOR THE CONDUCT OF THEIR MEETINGS AND SUCH POLICIES AND PROCEDURES REGARDING THE ORGANIZATION'S BUSINESS AND AFFAIRS AS THEY DEEM PROPER, NOT INCONSISTENT WITH THE ARTICLES OF INCORPORATION, THE BYLAWS AND THE ACT. THE BOARD OF DIRECTORS DELEGATE TO COMMITTEES, OFFICERS AND AGENTS SUCH MANAGEMENT AUTHORITY AS THE BOARD OF DIRECTORS DETERMINES TO BE NECESSARY, APPROPRIATE, OR CONVENIENT FOR THE EFFICIENT ADMINISTRATION AND MANAGEMENT OF THE CORPORATION'S BUSINESS AND AFFAIRS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE WITH THE EXTERNAL ACCOUNTANT. THE FINAL FORM 990 IS REVIEWED BY THE EXECUTIVE COMMITTEE AND IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IOWA CORN GROWERS ASSOCIATION (ICGA) HAS A CONFLICT OF INTEREST POLICY. TO THE EXTENT A BOARD MEMBER, COMMITTEE MEMBER, OR OFFICER HAS A CONFLICT OF INTEREST, THEY LEAVE THE ROOM AND ABSTAIN FROM VOTING ON SUCH MATTER. IDENTIFIED CONFLICT OF INTEREST SITUATIONS AND DELIBERATIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE CHIEF EXECUTIVE OFFICER (CEO) ANNUAL PERFORMANCE IS REVIEWED BY ALL MEMBERS OF THE BOARD. THE INDEPENDENT CEO REVIEW COMMITTEE USES AN INDEPENDENT 3RD PARTY TO EVALUATE THE PERFORMANCE FEEDBACK AND COMPARABILITY DATA, ALSO PROVIDED BY AN INDEPENDENT 3RD PARTY, TO DETERMINE A RECOMMENDATION OF CEO COMPENSATION TO BE PRESENTED AND VOTED ON BY THE BOARD. THE RECOMMENDATION AND BOARD APPROVAL IS CONTEMPORANEOUSLY DOCUMENTED IN THE BOARD MINUTES. DOCUMENTATION OF THE BOARD'S COMPENSATION RECOMMENDATION, SIGNED BY THE BOARD CHAIR, IS PROVIDED TO THE PAYROLL DEPARTMENT. KEY EMPLOYEES, OTHER THAN THE CEO, GO THROUGH AN ANNUAL REVIEW PROCESS. COMPARABILITY DATA PROVIDED BY AN INDEPENDENT 3RD PARTY IS USED FOR EACH POSITION. COMPENSATION CHANGES ARE DOCUMENTED AND RETAINED BY THE ORGANIZATION'S PAYROLL DEPARTMENT. THE ORGANIZATION HAS AN INDEPENDENT COMPENSATION STUDY PERFORMED ON A 3 YEAR ROTATION AND WAS COMPLETED BY AN INDEPENDENT CONSULTANT 2022. FORM 990, PART VI, SECTION C, LINE 19 IOWA CORN GROWERS ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. 990, PART VII, SECTION A: AVERAGE HOURS PER WEEK DEVOTED TO POSITION WITH ORGANIZATIONS AFFILIATED THROUGH COMMON MANAGEMENT: JULIE KIRBY - 28 HRS WITH IOWA CORN PROMOTION BOARD CRAIG FLOSS - 24 HRS WITH IOWA CORN PROMOTION BOARD BRIAN JONES - 20 HRS WITH IOWA CORN PROMOTION BOARD FORM 990, PART IX, LINE 11G RESEARCH & DEVELOPMENT 3,235,034. OTHER 570,430. FORM 990, PART XI, LINE 9: NOVECTA LLC BOOK/TAX DIFFERENCE -314. NET REVENUE FROM SEGREGATED PAC FUND NOT INCLUDED IN 990 44,036. MIDWEST GROWTH PARTNERS LLLP BOOK/TAX DIFFERENCE 10,294. MIDWEST GROWTH PARTNERS II LLLP BOOK/TAX DIFFERENCE 33,644. NEXT LEVEL VENTURES FUND I LLLP BOOK/TAX DIFFERENCE -328. NEXT LEVEL VENTURES FUND II LLLP BOOK/TAX DIFFERENCE 552. ACCELERATED AG TECHNOLOGIES LLC BOOK/TAX DIFFERENCE 29,093. MIDWEST GROWTH PARTNERS III LLLP BOOK/TAX DIFFERENCE 48,431. RURAL AMERICAN LL LLLP BOOK/TAX DIFFERENCE 124,727. IOWA CORN OPPORTUNITIES LLC 5505 NW 88TH STREET STE 100 JOHNSTON IA 50131 030471742 CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY IA 48857 15275215 N/A NOVECTA LLC 5505 NW 88TH STREET 100 JOHNSTON IA 50131 300069676 SPECIALIZED TRAINING RELATED TO CORN QUALITY STANDARDS IA N/A RELATED 777 75270 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0