2025-04-01T16:37:44-05:00 2024-08-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2023-09-01 421113939 IOWA CORN PROMOTION BOARD IOWA 5152259242 5505 NW 88TH ST 100 JOHNSTON IA 50131 CRAIG FLOSS CHIEF EXECUTIVE OFFICER 5152259242 2025-03-15 1 0 KATHY FAIRCHILD P00222608 5155586600 2025-03-15 2023 2025-03-06 01:10:19Z CRAIG FLOSS 5505 NW 88TH ST 100 JOHNSTON IA 50131 22905648 0 X WWW.IOWACORN.ORG X 1977 IA CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY. 12 12 0 447 0 0 0 0 21245447 22107765 350343 797883 0 0 21595790 22905648 20408901 27439493 0 0 48755 46850 0 0 0 1453542 1496497 21911198 28982840 -315408 -6077192 28599152 22730958 210517 419515 28388635 22311443 X THE IOWA CORN PROMOTION BOARD WORKS TO DEVELOP AND DEFEND MARKETS, FUND RESEARCH, AND PROVIDE EDUCATION ABOUT CORN AND CORN PRODUCTS. THE ORGANIZATION'S MISSION IS TO CREATE OPPORTUNITIES FOR LONG TERM IOWA CORN GROWER PROFITABILITY. 0 0 RESEARCH: THE IOWA CORN PROMOTION BOARD INVESTS IN RESEARCH AND BUSINESS DEVELOPMENT TO DEVELOP HIGHER VALUE INDUSTRIAL USES FOR CORN TO INCREASE THE DEMAND AND THE VALUE OF CORN AS A RAW MATERIAL. THE RESEARCH PROGRAMS ALSO PUT CORN GROWER DOLLARS TO WORK BY DEVELOPING CORN TRAITS TO IMPROVE PRODUCTION EFFICIENCY OF GROWING CORN. SEVERAL PATENTS HAVE BEEN AWARDED FOR THE DEVELOPMENT OF BIOPLASTICS AND BIOCHEMICALS TO MAKE REVEWABLE PLASTIC MATERIAL. THE BUSINESS DEVELOPMENT PROGRAMS INVEST IN COMPANIES AND LEVERAGE THE PATENTS TO CREATE OPPORTUNITIES FOR LONG TERM PROFITABILITY OF CORN GROWERS. MARKET DEVELOPMENT: THE IOWA CORN PROMOTION BOARD (ICPB) PARTICIPATES IN ACTIVITIES AND PROGRAMS THAT EXPAND DOMESTIC AND INTERNATIONAL MARKETS TO INCREASE DEMAND FOR CORN IN ALL FORMS. ICPB PARTNERS WITH THE US MEAT EXPORT FEDERATION AND THE US GRAINS COUNCIL TO BUILD DEMAND INTERNATIONALLY FOR CORN AND CORN PRODUCTS/MEAT. ICPB INVESTMENT IN THOSE TRADE PARTNERS IS MULTIPLIED THROUGH THE INVOLVEMENT OF MANY CORN STATES AND MATCHED WITH GOVERNMENTAL SUPPORT. IN STATE, ICPB WORKS TO MAINTAIN AND GROW IOWA'S LIVESTOCK INDUSTRY THROUGH THE COALITION TO SUPPORT IOWA'S FARMERS (CSIF), A COALITION EFFORT WITH 7 OTHER COMMODITY GROUPS. ETHANOL IS A LEADING MARKET FOR IOWA CORN AND THE ICPB WORKS TO PROMOTE THE USE OF CORN ETHANOL THROUGH PUBLIC EVENTS AS WELL AS MULTI-PLATFORM ADVERTISING CAMPAIGNS THAT INCLUDE BROADCAST, PRINT, RADIO, DIRECT MAIL, DIGITAL AND SOCIAL MEDIA. ICPB IS ALSO WORKING TO INCREASE HIGHER BLENDS OF ETHANOL IN IOWA AND ACROSS THE U.S. WITH INFRASTRUCTURE PROGRAMS. EDUCATION/PROMOTIONS: THE IOWA CORN PROMOTION BOARD (ICPB) EDUCATIONAL PROGRAMS WORK TO REACH BOTH PRODUCER AND CONSUMER AUDIENCES ABOUT THE ECONOMIC AND ENVIRONMENTAL VITALITY OF THE CORN INDUSTRY IN THE STATE OF IOWA. EDUCATION ABOUT CORN AND THE PRODUCTS MADE FROM CORN HAPPENS THROUGH ADVERTISING, EARNED MEDIA, AND VARIOUS PROMOTIONAL EVENTS. THROUGH A MULTI-PLATFORM PROMOTION AND OUTREACH CAMPAIGN CALLED THE IOWA CORN CYHAWK SERIES, THE ICPB PROMOTES IOWA CORN AND THE FARMERS THAT GROW IT. THE IOWA CORN MOBILE EDUCATION CENTER (ICMEC) TELLS THE STORY OF FARMERS AND THE OVER 4,000 PRODUCTS MADE FROM CORN. THE ICMEC TRAVELS THE STATE TO REACH CONSUMERS, FARMERS, AND STUDENTS. DISTRICT AND COUNTY ORGANIZATIONS USE CORN MATERIALS TO TALK WITH STUDENTS AND CONSUMERS ABOUT FARMERS AND FOOD, FEED AND FUEL MADE FROM CORN. EDUCATION OF CONSUMERS AND PRODUCERS HAPPENS IN STATE AND ON A NATIONAL LEVEL THROUGH WORKING WITH NATIONAL AND OTHER STATE CORN ASSOCIATIONS ON JOINT PROGRAMS, SUCH AS COMMONGROUND. IN IOWA, EDUCATION ALSO TAKES PLACE BY LEVERAGING PEOPLE AND INVESTMENTS WITH AFFILIATE ORGANIZATIONS WITHIN AGRICULTURE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 846 0 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X VALERIE SANCHEZ 5152259242 5505 NW 88TH STREET JOHNSTON IA 50131 X STAN NELSON PRESIDENT 5.00 X X 4300 0 0 RALPH LENTS VICE PRESIDENT 5.00 X X 4800 0 0 LARRY BUSS CHAIR 5.00 X X 5375 0 0 PAUL GIESELMAN DIRECTOR 5.00 X 2400 0 0 JOE ROBERTS DIRECTOR 5.00 X 1800 0 0 RYAN STEFFENSEN DIRECTOR 5.00 X 2600 0 0 CHAD HARMS DIRECTOR 5.00 X 2100 0 0 DEREK KEMPER DIRECTOR 5.00 X 1000 0 0 MIKAYLA COLEHOUR DIRECTOR 5.00 X 0 0 0 JEROD FLAHERTY DIRECTOR 5.00 X 0 0 0 JASON ORR DIRECTOR 5.00 X 0 0 0 DARIN PROFFIT DIRECTOR 5.00 X 0 0 0 CRAIG FLOSS CHIEF EXECUTIVE OFFICER 40.00 X 489495 0 69541 JULIE KIRBY VP OF FINANCE & OPS (UNTIL 7/24) 40.00 X 225634 0 42730 VALERIE SANCHEZ SENIOR DIRECTOR OF FINANCE 40.00 X 0 0 0 739504 0 112271 2 0 1 0 IOWA CORN GROWERS ASSOCIATION 5505 NW 88TH STREET JOHNSTON IA 50131 ADMINISTRATIVE CONTRACT FEE 1522687 1 CHECKOFF ASSESSMENT 110000 22107765 22107765 22107765 749183 749183 48700 0 48700 48700 48700 22905648 22156465 0 749183 27439493 46850 40408 22777 54280 40461 326609 173507 46019 1243 157433 570006 CHECKOFF COLLECTION 34419 DIRECTOR COMMUNICATION 27247 MISCELLANEOUS 2088 28982840 26029894 18488797 2227488 3925630 72487 62166 1477028 1222663 269283 254365 28599152 22730958 176294 375948 34223 43567 210517 419515 X 28388635 22311443 28388635 22311443 28599152 22730958 -6077192 0 X 0 1 X 1 0 15053 15053 0 1461975 1207610 254365 254365 LEASEHOLD PAYABLE 43567 43567 22905648 0 22905648 0 22905648 28982840 0 28982840 0 28982840 1 IOWA CORN GROWERS ASSOCIATION 5505 NW 88TH STREET JOHNSTON IA 50131 421036179 501(C)(5) 27439493 0 GRANT TO CARRY OUT PROGRAMS OF THE IOWA CORN PROMOTION BOARD 0 1 PART I, LINE 2: THE IOWA CORN PROMOTION BOARD (ICPB) HAS CONTRACTED THE IOWA CORN GROWERS ASSOCIATION (ICGA) TO CARRY OUT THE PROGRAMS OF THE ICPB THROUGH A GRANT. THE ICPB AND ICGA CARRY OUT THE PROGRAMS OF THE ICPB THROUGH THE USE OF JOINT COMMITTEES. 0 0 0 CRAIG FLOSS CHIEF EXECUTIVE OFFICER 458733 0 22575 0 8187 0 37404 0 32137 0 559036 0 0 0 JULIE KIRBY VP OF FINANCE & OPS (UNTIL 7/24) 206730 0 18904 0 0 0 20330 0 22400 0 268364 0 0 0 SCHEDULE J, PART 1, LINE 3: THE FILING ORGANIZATION RELIES ON IOWA CORN GROWERS ASSOCIATION (AN AFFILIATE THROUGH COMMON MANAGEMENT) FOR ESTABLISHING THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. SEE CORE FORM 990, PART VI, SECTION B, LINE 15 SCHEDULE O DISCLOSURE FOR FURTHER INFORMATION REGARDING THE PROCESS UTILIZED. CRAIG FLOSS' TIME IS DEDICATED 24 HOURS TO THE ORGANIZATION AND 16 HOURS TO IOWA CORN GROWERS ASSOCIATION. JULIE KIRBY'S TIME IS DEDICATED 28 HOURS TO THE ORGANIZATION AND 12 HOURS TO IOWA CORN GROWERS ASSOCIATION. FORM 990, PART I, LINE 6: VOLUNTEERS CONSIST OF BOARD MEMBERS AND COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A STATUTORY AUTHORITY FOR THE IOWA CORN PROMOTION BOARD (ICPB) IS ESTABLISHED UNDER CHAPTER 185C OF THE CODE OF IOWA. DIRECTORS OF ICPB ARE ELECTED BY ELIGIBLE QUALIFIED CORN PRODUCERS IN THE STATE OF IOWA. A QUALIFIED CORN PRODUCER IS ANY INDIVIDUAL OR ENTITY ENGAGED IN THE PRODUCTION OF A MINIMUM OF TWO HUNDRED FIFTY (250) BUSHELS OF CORN IN THE STATE OF IOWA. A NOMINATING COMMITTEE IS DESIGNATED BY THE BOARD AND IS MADE UP OF FIVE QUALIFIED CORN PRODUCERS IN THE DISTRICT IN WHICH THE ELECTION WILL TAKE PLACE. THE NOMINATING COMMITTEE NOMINATES TWO RESIDENT PRODUCERS AS CANDIDATES FOR EACH DIRECTOR POSITION THAT IS TO BE FILLED. ADDITIONAL CANDIDATES MAY BE NOMINATED BY A WRITTEN PETITION OF TWENTY-FIVE (25) PRODUCERS. NOTICE OF ELECTIONS FOR DIRECTORS OF ICPB ARE MADE PUBLIC. EACH QUALFIED CORN PRODUCER IS ENTITLED TO ONE VOTE WITHIN THE CORN DISTRICT IN WHICH THEY RESIDE. THE CANDIDATE RECEIVING THE HIGHEST NUMBER OF VOTES IS ELECTED TO BOARD OF DIRECTORS FOR ICPB FOR A THREE YEAR TERM. 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 PROMOTION BOARD (ICPB) HAS A CONFLICT OF INTEREST POLICY. BOARD MEMBERS AND OFFICERS ANNUALLY COMPLETE AND SIGN A CONFLICT OF INTEREST STATEMENT. 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 C, LINE 19 THE FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE AT THE ORGANIZATION'S OFFICE, IN THE STATE OF IOWA AUDITOR'S OFFICE, AND ON THE STATE OF IOWA AUDITOR'S WEBSITE. CONFLICT OF INTEREST STATEMENT AND OTHER GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. 990, PART VI, SECTION A, LINE 3: STATUTORY AUTHORITY FOR THE IOWA CORN PROMOTION BOARD (ICPB) IS ESTABLISHED UNDER CHAPTER 185C OF THE CODE OF IOWA. THE ICPB MAY CARRY OUT THE PURPOSES SPECIFIED IN IOWA CODE SECTION 185C.11 EITHER DIRECTLY OR THROUGH CONTRACT WITH OTHER QUALIFIED ORGANIZATIONS. THE ICPB HAS CONTRACTED WITH THE IOWA CORN GROWERS ASSOCIATION TO DEVELOP, MAINTAIN AND EXPAND MARKETS FOR U.S. CORN AND TO WORK TOWARD A BETTER PUBLIC UNDERSTANDING OF CORN AND AGRICULTURE IN ORDER TO ACHIEVE INCREASED PROFITABILITY FOR CORN GROWERS. IN ADDITION, CERTAIN ADMINISTRATIVE EXPENSES ARE PAID BY THE IOWA CORN GROWERS ASSOCIATION AND REIMBURSED BY THE ICPB UNDER A CONTRACTUAL AGREEMENT. 990, PART VII, SECTION A: OFFICER HOURS: AVERAGE HOURS PER WEEK DEVOTED TO POSITION WITH IOWA CORN GROWERS ASSOCIATION - AFFILIATE THROUGH COMMON MANAGEMENT: JULIE KIRBY - 12 HRS CRAIG FLOSS - 16 HRS