NORTH DAKOTA SOYBEAN COUNCIL

EIN: 934513034 Food, Agriculture & Nutrition

FARGO, ND

Total Revenue
$6,298,286
Total Expenses
$7,453,494
Total Assets
$10,658,296
Net Assets
$8,340,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
ND
Principal Officer
JIM THOMPSON
Phone
7015669300
Tax Period
2024-07-01 to 2025-06-30

NORTH DAKOTA SOYBEAN COUNCIL, founded in 1985, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.3M in total revenue in fiscal year 2024. Expenses of $7.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE NDSC SERVES AS A QUALIFIED STATE SOYBEAN BOARD UNDER THE FEDERAL SOYBEAN PROMOTION, RESEARCH AND CONSUMER INFORMATION ACT. ND SOYBEAN FARMERS CONTRIBUTE 1/2 OF 1% OF THE PRICE OF EACH BUSHEL SOLD AT THE FIRST POINT OF SALE TO THE SOYBEAN CHECKOFF. THE NDSC FARMER BOARD OVERSEES THE INVERSTMENT OF 50% OF THOSE DOLLARS TO FUND RESEARCH, MARKET DEVELOPMENT, PROMOTION AND EDUCATION INITIATIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,009,908
Investment Income $235,532
Other Revenue $52,846
TOTAL REVENUE $6,298,286

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $923,945
Fundraising Expenses $0
Program Expenses $6,590,614
Other Expenses $6,509,549
TOTAL EXPENSES $7,453,494

Year-over-Year Comparison

2024 2023 Change
Revenue $6,298,286 N/A N/A
Expenses $7,453,494 N/A N/A
Net Income $-1,155,208 N/A N/A
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
1
Employees
14
Volunteers
1

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
$119,389
Total Directors
13
$125,533
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE SINNER EXECUTIVE DIRECTOR 40.00
Officer Director
$102,587 $12,346 $114,933
JAMES JIM THOMPSON BOARD CHAIR 0.10
Officer Director
$1,890 $0 $1,890
ROB ROSE BOARD VICE CHAIR 0.10
Officer Director
$1,080 $0 $1,080
DALLAS LOFF BOARD TREASURER 0.10
Officer Director
$878 $0 $878
EVAN MONTGOMERY BOARD SECRETARY 0.10
Officer Director
$608 $0 $608
JEREMIAH UNDEM DIRECTOR 0.10
Director
$1,080 $0 $1,080
PHILIP NEUBAUER DIRECTOR 0.10
Director
$945 $0 $945
JENNIFER MEYER DIRECTOR 0.10
Director
$608 $0 $608
THEODORE BRANDT DIRECTOR 0.10
Director
$1,215 $0 $1,215
JOHN JP LUECK DIRECTOR 0.10
Director
$878 $0 $878
ADAM REDMANN DIRECTOR 0.10
Director
$1,418 $0 $1,418
AUSTIN LANGLEY DIRECTOR 0.10
Director
$0 $0 $0
MILO BRAATEN DIRECTOR 0.10
Director
$0 $0 $0
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 $6,298,286 $7,453,494 $10,658,296 $-1,155,208
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