IOWA CORN GROWER'S ASSOCIATION

EIN: 421036179

JOHNSTON, IA

Total Revenue
$24,640,673
Total Expenses
$23,408,801
Total Assets
$27,093,304
Net Assets
$18,511,177
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
IA
Principal Officer
CRAIG FLOSS
Phone
5152259242
Tax Period
2024-09-01 to 2025-08-31

IOWA CORN GROWER'S ASSOCIATION, founded in 1967, is a mid-sized nonprofit that reported $24.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $23.4M left a modest 5% surplus.

Mission

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.

Program Service Accomplishments

Program 1

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...

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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.ONE METHOD OF SUPPORTING RESEARCH IS THE WHOLLY OWNED SUBSIDIARY IOWA CORN GROWERS ASSOCIATION, NEW PRODUCT INNOVATION LLC (NPI) WHICH BEGAN OPERATIONS IN NOVEMBER OF 2024. THE STRATEGY OF NPI IS TO IDENTIFY UNEXPLOITED TECHNOLOGIES THAT, IF COMMERCIALIZED, WOULD PROVIDE BENEFITS TO CORN FARMERS.

Program 2

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 THE US GRAINS COUNCIL AND THE...

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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 THE 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.

Program 3

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...

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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.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $267,931
Program Service Revenue $23,865,496
Investment Income $354,439
Other Revenue $152,807
TOTAL REVENUE $24,640,673

Expense Breakdown

Grants Paid $8,958,137
Salaries & Benefits $4,659,572
Fundraising Expenses $0
Other Expenses $9,791,092
TOTAL EXPENSES $23,408,801

Year-over-Year Comparison

2024 2023 Change
Revenue $24,640,673 $28,252,047 -0.1%
Expenses $23,408,801 $25,944,919 -0.1%
Net Income $1,231,872 $2,307,128 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
47
Volunteers
460

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$704,125
Total Directors
12
$41,950
Key Employees
6
$1,531,537
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STUART SWANSON PRESIDENT 5.00
Officer Director
$11,250 $0 $11,250
MARK MUELLER VICE PRESIDENT 5.00
Officer Director
$5,000 $0 $5,000
JOLENE RIESSEN CHAIR 5.00
Officer Director
$8,250 $0 $8,250
ADAM BIERBAUM DIRECTOR 5.00
Director
$2,100 $0 $2,100
WILL CANNON DIRECTOR 5.00
Director
$2,000 $0 $2,000
LAURA FOELL DIRECTOR 5.00
Director
$2,400 $0 $2,400
ELLIOT HENDERSON DIRECTOR 5.00
Director
$0 $0 $0
DAN KEITZER DIRECTOR 5.00
Director
$5,600 $0 $5,600
STEVE KUIPER DIRECTOR 5.00
Director
$850 $0 $850
LOGAN LYON DIRECTOR 5.00
Director
$2,000 $0 $2,000
RUSTY OLSON DIRECTOR 5.00
Director
$0 $0 $0
MIKE VER STEEG DIRECTOR 5.00
Director
$2,500 $0 $2,500
CRAIG FLOSS CHIEF EXECUTIVE OFFICER 40.00
Officer
$491,342 $68,329 $559,671
VALERIE SANCHEZ SENIOR DIRECTOR OF FINANCE 40.00
Officer
$97,634 $22,320 $119,954
BRIAN R JONES CHIEF OPERATING OFFICER 40.00
Key Emp
$288,582 $56,583 $345,165
RODNEY WILLIAMSON VP OF RESEARCH & SUSTAINABILITY 40.00
Key Emp
$243,153 $51,600 $294,753
SHANNON TEXTOR VP OF COMMUNICATIONS 40.00
Key Emp
$188,169 $38,359 $226,528
KEVIN STUDER DIRECTOR OF FEDERAL POLICY 40.00
Key Emp
$200,866 $45,204 $246,070
RYAN SAUER VP OF MARKET DEVELOPMENT 40.00
Key Emp
$185,144 $33,687 $218,831
CARRIE DODDS VP OF GRASSROOTS DEVELOPMENT 40.00
Key Emp
$153,610 $46,580 $200,190
GREG WANDREY DIRECTOR OF SUSTAINABILITY 40.00
Highest
$148,818 $20,919 $169,737
ALEXANDER BUCK DIR. OF INDUSTRIAL INNOVATION 40.00
Highest
$106,261 $46,031 $152,292
CHRIS BENGTSON MGR. ECON ANALYSIS & INVESTMENTS 40.00
Highest
$116,498 $10,200 $126,698
DENISE FORNEY VP OF TALENT & ORG DEVELOPMENT 40.00
Highest
$127,845 $20,632 $148,477
JULIE KIRBY VP OF FINANCE (UNTIL 7/24) 0.00
$153,123 $30,226 $183,349
MINDY LARSEN POLDBERG VP OF GOV'T RELATIONS (UNTIL 7/24) 40.00
$143,760 $40,688 $184,448
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $24,640,673 $23,408,801 $27,093,304 $1,231,872
2024 $28,252,047 $25,944,919 $27,369,569 $2,307,128
2023 $20,970,550 $20,156,684 $20,266,725 $813,866
2022 $19,989,952 $20,074,813 $20,295,827 $-84,861
2021 $18,050,995 $17,705,228 $23,265,491 $345,767
2020 $18,783,103 $18,679,218 $24,422,898 $103,885
2019 $18,999,913 $18,145,376 $20,887,248 $854,537
2018 $20,067,169 $19,915,873 $18,288,182 $151,296
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