Nonprofit · EIN 37-6152654
ILLINOIS SOYBEAN BOARD
Tax-exempt · BLOOMINGTON, IL 61704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $19,279,679 | $18,164,136 | $1,115,543 | $22,929,564 | $2,721,335 | $20,208,229 |
| August 31, 2024 | 990 | $20,469,215 | $24,946,369 | -$4,477,154 | $24,540,892 | $5,413,961 | $19,126,931 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $714,297
- of which government grants
- $714,297
- Program service revenue
- $18,271,931
- Investment income
- $293,451
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $251,289
- Other salaries and wages
- $3,532,062
- Salaries, compensation and benefits (total)
- $5,103,557
- Professional fundraising fees
- $0
- Legal fees
- $124,352
- Accounting fees
- $17,500
- Occupancy
- $301,956
- Depreciation
- $317,456
- Program services (functional)
- $11,485,473
- Management and general (functional)
- $6,678,663
Balance sheet and other
- Total assets, start of year
- $24,540,892
- Total assets, end of year
- $22,929,564
- Total liabilities, end of year
- $2,721,335
- Net assets, end of year
- $20,208,229
- Land, buildings and equipment
- $8,136,710
- Net assets without donor restrictions
- $20,208,229
- Gross receipts
- $19,279,679
- Employees
- 51
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN LUMPE | CEO Officer | 40 | $251,289 | $38,173 |
| BRYAN SEVERS | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| BRADY HOLST | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| TIM SCATES | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SCOTT GAFFNER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JEFF O'CONNOR | ASST SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RYAN FRIEDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PITSTICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DWAYNE ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WESTON OLSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK READ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROB SHAFFER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RON KINDRED | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIOTT UPHOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MATT MURRAY | DIRECTOR Trustee or director | 1 | $0 |
| BROCK WILLARD | DIRECTOR Trustee or director | 1 | $0 |
| HEATH HOUCK | DIRECTOR Trustee or director | 1 | $0 |
| BRAD DAUGHERTY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF PARKER | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN ATTEBERRY | DIRECTOR Trustee or director | 1 | $0 |
| EMILY LOVELADY | DIRECTOR Trustee or director | 1 | $0 |
| BETSEY EMERICK | DIRECTOR Trustee or director | 1 | $0 |
| DAVID WESSEL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN LUMPE | CEO Officer | 40 | $237,684 | $36,420 |
| RON KINDRED | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| BRAD DAUGHERTY | VICE-CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| TIM SCATES | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DWAYNE ANDERSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| DAVID WESSEL | ASST SECRETARY-TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| RYAN FRIEDERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PITSTICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BUCK HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARK READ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID NIEKAMP | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIOTT UPHOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MATT MURRAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BROCK WILLARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HEATH HAUCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN ATTEBERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYAN SEVERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICK RUBENACKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BETSEY EMERICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT GAFFNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRADY HOLST | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF O'CONNOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1108 TRINITY LN, BLOOMINGTON, IL 61704-8109
- Principal officer (990 for 2024)
- BRYAN SEVERS, 1108 TRINITY LANE, BLOOMINGTON, IL 61704
- Signed the 990
- JOHN LUMPE, CEO
- Phone
- (309) 663-7692
- Website
- WWW.ILSOY.ORG
- Return prepared by
- STRIEGEL KNOBLOCH & COMPANY LLC
Mission
TO ENSURE ILLINOIS SOY IS THE HIGHEST QUALITY, MOST DEPENDABLE, SUSTAINABLE AND COMPETITIVE IN THE GLOBAL MARKETPLACE.
Program accomplishments
- COMMUNICATIONS: TO COMMUNICATE INFORMATION TO HELP ILLINOIS SOYBEAN FARMERS BECOME MARKET LEADERS IN SUSTAINABLE SOYBEAN PRODUCTION AND PROFITABILITY.Expenses $1,975,229
- MARKET DEVELOPMENT: SUPPORT THE EFFORTS TO DEVELOP MARKETS AND INCREASE PUBLIC KNOWLEDGE OF VALUE AND BENEFITS OF SOYBEANS AND SOYBEAN PRODUCTION.Expenses $4,885,120
- SOYBEAN PRODUCTION: IDENTIFYING NEW USES FOR SOY, BETTER MEASURING CONSERVATION PRACTICES, IDENTIFYING BEST MANAGEMENT PRACTICES FOR PRODUCERS AND INCREASING DOMESTIC BIODIESEL CONSUMPTION.Expenses $4,625,124
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 37-6152654
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1975
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $22,929,564
- Income (IRS master file)
- $19,279,679
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $19,279,679 | $18,164,136 | $22,929,564 | XML |
| 990 | August 2024 | $20,469,215 | $24,946,369 | $24,540,892 | XML |
| 990 | August 2023 | $23,904,585 | $20,848,645 | $28,119,823 | IRS |
| 990 | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-6152654).
Questions about ILLINOIS SOYBEAN BOARD
- What is the EIN of ILLINOIS SOYBEAN BOARD?
- The employer identification number (EIN) of ILLINOIS SOYBEAN BOARD is 37-6152654.
- Is ILLINOIS SOYBEAN BOARD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1975.
- Are donations to ILLINOIS SOYBEAN BOARD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ILLINOIS SOYBEAN BOARD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ILLINOIS SOYBEAN BOARD due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS SOYBEAN BOARD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of ILLINOIS SOYBEAN BOARD?
- The 990 for the year ended August 31, 2025 names BRYAN SEVERS.
- Who are the officers and directors of ILLINOIS SOYBEAN BOARD?
- The 990 for the year ended August 31, 2025 lists 24 people; 1 received compensation from the organization, the highest $251,289 (JOHN LUMPE, CEO).
- How much revenue does ILLINOIS SOYBEAN BOARD have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $19,279,679, expenses of $18,164,136 and total assets of $22,929,564 at year end.
Other nonprofits in BLOOMINGTON
- ILLINOIS NETWORK OF CHILD CARE RESOURCE AND REFERRAL AGENCIES EIN 36-4096312 · last filed 990 for 2025
- CORN BELT ELECTRIC COOPERATIVE INC EIN 37-0228808 · last filed 990 for 2024
- CHESTNUT HEALTH SYSTEMS INC EIN 37-0964629 · last filed 990 for 2025
- ILLINOIS WESLEYAN UNIVERSITY EIN 37-0662594 · last filed 990 for 2025
- ILLINOIS AGRICULTURAL ASSOCIATION EIN 37-0809856 · last filed 990 for 2025
- STATE FARM COMPANIES FOUNDATION EIN 36-6110423 · last filed 990-PF for 2025
- WESTMINSTER VILLAGE INC EIN 37-1101586 · last filed 990 for 2025
- IAA CREDIT UNION EIN 37-6031888 · last filed 990 for 2025