Nonprofit · EIN 61-1400681
KENTUCKY SOYBEAN PROMOTION BOARD
Tax-exempt · PRINCETON, KY 42445
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $3,470,709 | $2,718,021 | $752,688 | $8,990,460 | $0 | $8,990,460 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,221,487
- Investment income
- $213,932
- Net gain from sales of assets
- $66,000
- Other revenue
- $35,290
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $60,685
- Salaries, compensation and benefits (total)
- $95,635
- Professional fundraising fees
- $0
- Accounting fees
- $8,225
- Occupancy
- $46,558
- Depreciation
- $117,705
- Program services (functional)
- $2,382,304
- Management and general (functional)
- $335,717
Balance sheet and other
- Total assets, start of year
- $8,228,680
- Total assets, end of year
- $8,990,460
- Total liabilities, end of year
- $0
- Net assets, end of year
- $8,990,460
- Land, buildings and equipment
- $2,557,605
- Net assets without donor restrictions
- $8,990,460
- Gross receipts
- $3,470,709
- Employees
- 4
- Year formed
- 1974
- State of legal domicile
- KY
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 June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEBBIE ELLIS | EXECUTIVE DI Officer | 40 | $142,800 |
| BARRY ALEXANDER | DIRECTOR Trustee or director | 0 | $0 |
| RYAN BIVENS | DIRECTOR Trustee or director | 0 | $0 |
| BRENT GATTON | DIRECTOR Trustee or director | 0 | $0 |
| ADAM HENDRICKS | DIRECTOR Trustee or director | 0 | $0 |
| GLENN HOWELL | DIRECTOR Trustee or director | 0 | $0 |
| JEFF KING | DIRECTOR Trustee or director | 0 | $0 |
| ALLEN PACE | DIRECTOR Trustee or director | 0 | $0 |
| CALEB RAGLAND | DIRECTOR Trustee or director | 0 | $0 |
| JONATHAN REYNOLDS | DIRECTOR Trustee or director | 0 | $0 |
| FRED L SIPES | DIRECTOR Trustee or director | 0 | $0 |
| LARRY THOMAS | DIRECTOR Trustee or director | 0 | $0 |
| CLAY WELLS | DIRECTOR Trustee or director | 0 | $0 |
| ANDREA WILLIFORD | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30, PRINCETON, KY 42445-0030
- In care of
- % ELLIS DEBBIE
- Principal officer (990 for 2023)
- DEBBIE ELLIS, 1001 HIGHWAY 62 W, PRINCETON, KY 42445
- Signed the 990
- DEBBIE ELLIS, EXECUTIVE DIRECTOR
- Phone
- (270) 365-7214
- Website
- WWW.KYSOY.ORG
- Return prepared by
- WILLIAMS FAUGHN & ASSOCIATES PLLC
Mission
TO PROMOTE AND STIMULATE TEH INCREASED USE AND SALE OF SOYBEANS AND SOYBEAN PRODUCTS.
Program accomplishments
- 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.Expenses $2,382,304
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 61-1400681
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Food, agriculture and nutrition (K20)
- Assets (IRS master file)
- $8,990,460
- Income (IRS master file)
- $3,470,709
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $3,470,709 | $2,718,021 | $8,990,460 | XML |
| 990 | June 2023 | $3,598,908 | $2,237,497 | $8,228,680 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 61-1400681).
Questions about KENTUCKY SOYBEAN PROMOTION BOARD
- What is the EIN of KENTUCKY SOYBEAN PROMOTION BOARD?
- The employer identification number (EIN) of KENTUCKY SOYBEAN PROMOTION BOARD is 61-1400681.
- Is KENTUCKY SOYBEAN PROMOTION BOARD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2007.
- Are donations to KENTUCKY SOYBEAN PROMOTION BOARD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KENTUCKY SOYBEAN PROMOTION 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 KENTUCKY SOYBEAN PROMOTION BOARD due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KENTUCKY SOYBEAN PROMOTION BOARD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of KENTUCKY SOYBEAN PROMOTION BOARD?
- The 990 for the year ended June 30, 2024 names DEBBIE ELLIS.
- Who are the officers and directors of KENTUCKY SOYBEAN PROMOTION BOARD?
- The 990 for the year ended June 30, 2024 lists 14 people; 1 received compensation from the organization, the highest $142,800 (DEBBIE ELLIS, EXECUTIVE DI).
- How much revenue does KENTUCKY SOYBEAN PROMOTION BOARD have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $3,470,709, expenses of $2,718,021 and total assets of $8,990,460 at year end.
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