2024-04-19T12:00:05-05:00 2023-08-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2022-09-01 421036179 IOWA CORN GROWER'S ASSOCIATION IOWA 5152259242 5505 NW 88TH STREET 100 JOHNSTON IA 50131 CRAIG FLOSS CEO 5152259242 2024-04-06 1 CRAIG FLOSS XXX-XX-XXXX 0 KATHY FAIRCHILD P00222608 5155586600 2024-04-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CRAIG FLOSS 5505 NW 88TH STREET 100 JOHNSTON IA 50131 21044246 0 X IOWACORN.ORG X 1967 IA CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY 12 12 39 482 -37809 0 34250 88640 20183210 20718692 -317051 77033 89543 86185 19989952 20970550 8346975 9571420 0 0 4138152 4393536 0 0 0 7589686 6191728 20074813 20156684 -84861 813866 20295827 20266725 4429081 3300266 15866746 16966459 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. IN ADDITION, IOWA CORN HAS BEEN AWARDED A PATENT FOR A TRANSGENIC CORN PLANT THAT IMPROVES NITROGEN USE EFFICIENCY. 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 65 0 1 39 1 0 0 0 0 1 1 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 1 1 X JULIE KIRBY 5152259242 5505 NW 88TH STREET 100 JOHNSTON IA 50131 X CRAIG FLOSS CHIEF EXECUTIVE OFFICER 40.00 X 464858 0 62036 BRIAN R JONES CHIEF OPERATING OFFICER 40.00 X 265373 0 55178 MINDY LARSEN POLDBERG DIRECTOR OF GOV'T RELATION 40.00 X 207297 0 54100 RODNEY WILLIAMSON DIRECTOR OF RESEARCH & DEV 40.00 X 222904 0 48631 JULIE KIRBY DIRECTOR OF FINANCE & OPS 40.00 X 215316 0 37497 SHANNON TEXTOR DIRECTOR OF COMMUNICATIONS 40.00 X 173410 0 35786 KEVIN STUDER FEDERAL POLICY ADVISOR 40.00 X 165222 0 40850 GRANT MENKE DIRECTOR OF MARKET DEVELOP 40.00 X 157940 0 40929 DAVID ERTL TECHNOLOGY COMMERCIALIZATI 40.00 X 124446 0 39442 CARRIE DODDS DIRECTOR OF GROWER SERVICE 40.00 X 131782 0 41306 DENNIS FRIEST PRESIDENT 5.00 X X 6300 0 0 JOLENE RIESSEN VICE PRESIDENT 5.00 X 3600 0 0 LANCE LILLIBRIDGE CHAIR 5.00 X X 3700 0 0 ADAM BIERBAUM DIRECTOR 5.00 X 2400 0 0 WILL CANNON DIRECTOR 5.00 X 2500 0 0 BARB KASTNER DIRECTOR 5.00 X 600 0 0 DAN KEITZER DIRECTOR 5.00 X 3600 0 0 STEVE KUIPER DIRECTOR 5.00 X 2350 0 0 LOGAN LYON DIRECTOR 5.00 X 1400 0 0 MARK MUELLER DIRECTOR 5.00 X 3600 0 0 MIKE VER STEEG DIRECTOR 5.00 X 300 0 0 STU SWANSON DIRECTOR 5.00 X 6900 0 0 2165798 0 455755 10 0 1 0 NEXT STEP ADVERTISING 2310 SE DELAWARE AVE STE G 274 ANKENY IA 50021 ADVERTISING 522704 AVN CORPORATION PO BOX 8396 CHARLESTON WV 25303 RESEARCH PROJECTS 489345 BING BANG LLC 2520 SE ENCOMPASS DR STE 110 WAUKEE IA 50263 PROMOTION AGENCY 211362 MORGANMYERS N16 W23233 STONE RIDGE DR STE 200 WAUKESHA WI 53188 PROMOTION AGENCY 167309 UNIVERSITY OF CENTRAL FLORIDA PO BOX 160118 ORLANDO FL 32816 RESEARCH PROJECTS 156456 21 88640 88640 IA CORN PROM BD 110000 20408901 19850141 558760 MEMBERSHIP DUES 110000 177354 177354 ETHANOL CERTIFICATES 110000 132700 132700 NOVECTA LLC 110000 -263 -263 20718692 150729 -37809 188538 73696 -73696 -73696 -73696 MANAGEMENT FEES 561000 68685 68685 ANNUAL MEETING 110000 17500 17500 86185 20970550 20177432 -37809 742287 9571420 1721341 2038048 244853 148356 240938 19033 155140 1303512 1746067 26996 33666 392756 91437 79731 119009 PRINT & WEB 747483 CONTINGENCY FUND 449830 ANIMAL AG & ENVIRONMENT 351420 MEMBERSHIP COSTS 277180 398468 20156684 3444190 4730775 5099667 4114374 301281 191671 500000 500000 1940508 1002342 2761895 998011 1828271 1763884 7107675 7888657 74235 75022 20295827 20266725 1570915 1190333 213399 224645 2644767 1885288 4429081 3300266 X 15638363 16690183 228383 276276 15866746 16966459 20295827 20266725 X 813866 241953 43894 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 282183 282183 2467788 986087 1481701 11924 11924 0 1763884 MIDWEST GROWTH PARTNERS 167889 C NEXT LEVEL VENTURES 220176 C CULTIVIAN II 708288 C RAF II 200000 C FARM QA, INC 500000 C ACCELERATED AG TECHNOLOGIES 924904 C NEXT LEVEL VENTURES II 475303 C MIDWEST GROWTH PARTNERS FUND II 967317 C TRACTOR ZOOM, INC 280213 C CLEARFLAME ENGINES, INC 1846334 C FULCRUM GLOBAL CAP 370285 C BURLINGTON CAPITAL 226661 C GENVAX 499999 C MIDWEST GROWTH PARTNERS FUND III 501288 C 7888657 DUE TO AFFILIATE 842946 CONTRACT LIABILITY 1042342 1885288 X 21367444 241953 154941 396894 20970550 0 20970550 20267731 111047 111047 20156684 0 20156684 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 53,253. MIDWEST GROWTH PARTNERS I LLLP BOOK/TAX DIFFERENCE 37,653. MIDWEST GROWTH PARTNERS II LLLP BOOK/TAX DIFFERENCE 33,135. NEXT LEVEL VENTURES FUND I LLLP BOOK/TAX DIFFERENCE 11,860. NEXT LEVEL VENTURES FUND II LLLP BOOK/TAX DIFFERENCE 10,555. RURAL AMERICAN FUND II LP BOOK/TAX DIFFERENCE ACCELERATED AG TECHNOLOGIES LLC BOOK/TAX DIFFERENCE 7,789. CULTIVIAN SANDBOX FOOD AND AGRICULTURE FUND II BOOK/TAX DIFFERENCE NOVECTA LLC BOOK/TAX DIFFERENCE 696. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SEGREGATED PAC FUND NOT INCLUDED IN 990 111,047. 1 US GRAINS COUNCIL 20 F STREET NW STE 900 WASHINGTON DC 20001 530260714 501(C)(6) 3441285 0 SUPPORT FOREIGN TRADE & CORN MARKET DEVELOPMENT NATIONAL CORN GROWERS ASSOCIATION PO BOX 415000 NASHVILLE TN 37241 420897662 501(C)(5) 3119000 0 GENERAL SUPPORT US MEAT EXPORT FEDERATION PO BOX 840991 DALLAS TX 75284 521067268 501(C)(6) 2254000 0 SUPPORT FOREIGN TRADE & CORN MARKET DEVELOPMENT IOWA AGRICULTURE WATER ALLIANCE 1255 SW PRAIRIE TRAIL PARKWAY ANKENY IA 50023 320440113 501(C)(3) 270000 0 WATER QUALITY & NUTRIENT SUPPORT IOWA STATE UNIVERSITY SPA 1350 BEARDSHEAR HALL 515 MORRILL RD AMES IA 50011 426004224 501(C)(3) 100750 0 RESEARCH GRANT WORLD FOOD PRIZE FOUNDATION 100 LOCUST STREET DES MOINES IA 50309 421356715 501(C)(3) 60000 0 SUPPORT OF PROGRAMS & ACTIVITIES IOWA AGRICULTURE LITERACY FOUNDATION PO BOX 14458 DES MOINES IA 50306 311672416 501(C)(3) 50000 0 GENERAL SUPPORT IOWA NUTRIENT RESEARCH & EDUCATION COUNCIL 900 DES MOINES STREET DES MOINES IA 50309 472930044 501(C)(3) 50000 0 WATER QUALITY & NUTRIENT SUPPORT IOWA FOUNDATION FOR AGRICULTURAL ADVACEMENT (IFAA) 33675 520TH AVE SLATER IA 50244 421183067 501(C)(3) 27500 0 GENERAL SUPPORT GREATER DES MOINES PARTNERSHIP 700 LOCUST STREET 100 DES MOINES IA 50309 421489668 501(C)(6) 27000 0 GENERAL SUPPORT AGRICULTURES CLEAN WATER ALLIANCE 1255 SW PRAIRIE TRAIL PARKWAY ANKENY IA 50023 421510642 501(C)(3) 25000 0 GENERAL SUPPORT WATERWAYS COUNCIL INC 499 S CAPITOL STREET SW STE 401 WASHINGTON DC 20003 260080090 501(C)(6) 25000 0 PUBLIC EDUCATION SUPPORT NATIONAL WATERWAYS CONFERENCE INC 1100 N GLEBE ROAD STE 1010 ARLINGTON VA 22201 530259567 501(C)(6) 25000 0 ANNUAL MEETING SPONSORSHIP ILLINOIS CORN MARKETING BOARD PO BOX 487 BLOOMINGTON IL 61702 371135507 501(C)(5) 20350 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS IOWA SOYBEAN ASSOCIATION 1255 SW PRAIRIE TRAIL PARKWAY ANKENY IA 50023 426127197 501(C)(5) 15000 0 FOOD & FAMILY PROJECT IOWA FFA FOUNDATION INC 1055 SW PRAIRIE TRAIL PARKWAY ANKENY IA 50023 421305468 501(C)(3) 8800 0 GENERAL SUPPORT ADAMS-TAYLOR COUNTY CORN GROWERS 2971 ORANGE AVENUE BEDFORD IA 50833 815132957 501(C)(5) 8045 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS COALITION TO PROTECT THE MISSOURI RIVER 490 SE 300 RD CLINTON IA 64735 431926331 501(C)(6) 7000 0 GENERAL SUPPORT ADAIR COUNTY CORN PO BOX 155 ORIENT IA 50858 421508297 501(C)(5) 6690 0 GENERAL SUPPORT, OUTREACH & EDUCATION PROGRAMS MIDWEST COUNCIL ON AGRICULTURE PO BOX 604 FERGUS FALLS MN 56538 871250828 501(C)(6) 6000 0 GENERAL SUPPORT 8 12 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 432965 0 0 0 31893 0 35003 0 27033 0 526894 0 0 0 BRIAN R JONES CHIEF OPERATING OFFICER 234621 0 23655 0 7097 0 26703 0 28475 0 320551 0 0 0 MINDY LARSEN POLDBERG DIRECTOR OF GOV'T RELATION 188380 0 12611 0 6306 0 19601 0 34499 0 261397 0 0 0 RODNEY WILLIAMSON DIRECTOR OF RESEARCH & DEV 204907 0 11791 0 6206 0 20657 0 27974 0 271535 0 0 0 JULIE KIRBY DIRECTOR OF FINANCE & OPS 197482 0 11889 0 5945 0 18873 0 18624 0 252813 0 0 0 SHANNON TEXTOR DIRECTOR OF COMMUNICATIONS 158944 0 9644 0 4822 0 16105 0 19681 0 209196 0 0 0 KEVIN STUDER FEDERAL POLICY ADVISOR 155770 0 4726 0 4726 0 14059 0 26791 0 206072 0 0 0 GRANT MENKE DIRECTOR OF MARKET DEVELOP 144498 0 8961 0 4481 0 14987 0 25942 0 198869 0 0 0 DAVID ERTL TECHNOLOGY COMMERCIALIZATI 117623 0 3194 0 3629 0 11748 0 27694 0 163888 0 0 0 CARRIE DODDS DIRECTOR OF GROWER SERVICE 119227 0 7260 0 5295 0 12245 0 29061 0 173088 0 0 0 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 8/31/23). 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 XI, LINE 9: NOVECTA LLC BOOK/TAX DIFFERENCE 696. NET EXPENSES FROM SEGREGATED PAC FUND NOT INCLUDED IN 990 -57,794. MIDWEST GROWTH PARTNERS LLLP BOOK/TAX DIFFERENCE 37,653. MIDWEST GROWTH PARTNERS II LLLP BOOK/TAX DIFFERENCE 33,135. NEXT LEVEL VENTURES FUND I LLLP BOOK/TAX DIFFERENCE 11,860. NEXT LEVEL VENTURES FUND II LLLP BOOK/TAX DIFFERENCE 10,555. ACCELERATED AG TECHNOLOGIES LLC BOOK/TAX DIFFERENCE 7,789. IOWA CORN OPPORTUNITIES LLC 5505 NW 88TH STREET STE 100 JOHNSTON IA 50131 030471742 CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY IA 19194 13376976 N/A NOVECTA LLC 5505 NW 88TH STREET 100 JOHNSTON IA 50131 300069676 SPECIALIZED TRAINING RELATED TO CORN QUALITY STANDARDS IA N/A RELATED 90 74493 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0