2025-08-05T15:38:57-05:00 2024-09-30 420714325 RSM US LLP 4622 PENNSYLVANIA AVE STE 1100 KANSAS CITY MO 64112 990 2023-10-01 202462213 UNITED STATES SOYBEAN EXPORT COUNCIL INC UNIT 6364496400 16305 SWINGLEY RIDGE ROAD 200 CHESTERFIELD MO 63017 JULIE SUMPTER CFO 6364496400 2025-08-04 1 0 ALLISON MERRIAM P02053748 8167533000 2025-08-04 2023 2025-03-06 01:10:19Z JAMES TED SUTTER 16305 SWINGLEY RIDGE ROAD 200 CHESTERFIELD MO 63017 80412462 0 X WWW.USSEC.ORG X 2005 DE TO CREATE AND SUSTAIN DEMAND FOR U.S. SOYBEAN PRODUCTS THROUGH ITS GLOBAL NETWORK OF INTERNATIONAL OFFICES. 15 15 68 16 0 0 0 0 75511022 80412122 767 340 0 0 75511789 80412462 0 0 0 0 12359398 14032565 0 0 0 62814167 66076344 75173565 80108909 338224 303553 24596258 29369942 21798344 26268475 2797914 3101467 X MAXIMIZE THE USE OF U.S. SOY INTERNATIONALLY BY MEETING THE NEEDS OF OUR STAKEHOLDERS AND GLOBAL CUSTOMERS. 0 1 UNITED SOYBEAN BOARD (USB) - ADMINISTER SOYBEAN CHECKOFF ACTIVITIES FOCUSING ON RESEARCH AND MARKET DEVELOPMENT AND EXPANSION. QUALIFIED STATE SOYBEAN BOARD (QSSB) - ADMINISTER SOYBEAN CHECKOFF ACTIVITIES FOCUSING ON RESEARCH AND MARKET DEVELOPMENT AND EXPANSION. FOREIGN MARKET DEVELOPMENT (FMD) - PROMOTE AND STRENGTHEN THE GLOBAL COMPETITIVENESS OF U.S. AGRICULTURAL COMMODITIES, ADDRESS LONG-TERM FOREIGN IMPORT CONSTRAINTS, AND CONTRIBUTE TO THE MAINTENANCE OR GROWTH OF DEMAND FOR U.S. AGRICULTURAL COMMODITIES. MARKET ACCESS PROGRAM (MAP) - ASSIST U.S. PRODUCERS, EXPORTERS, AND TRADE ORGANIZATIONS IN DEVELOPING, MAINTAINING, AND EXPANDING EXPORT ACTIVITIES IN GLOBAL MARKETS. ACTIVITIES INCLUDE CONSUMER PROMOTIONS, TRADE SEMINARS, AND MARKET RESEARCH. THE AGRICULTURAL TRADE PROMOTION PROGRAM (ATP) WAS CREATED IN 2018 TO HELP U.S. AGRICULTURAL EXPORTERS DEVELOP NEW MARKETS AND MITIGATE THE ADVERSE EFFECTS OF OTHER COUNTRIES' TARIFF AND NON-TARIFF BARRIERS. THE REGIONAL AGRICULTURAL PROMOTION PROGRAM (RAPP) IS A COST SHARE PROGRAM THAT IS DESIGNED TO REIMBURSE NONPROFIT U.S. AGRICULTURAL TRADE ORGANIZATIONS, STATE REGIONAL TRADE GROUPS, U.S. AGRICULTURAL COOPERATIVES, AND STATE AGENCIES THAT CONDUCT APPROVED MARKET DEVELOPMENT ACTIVITIES TO FOSTER EXPANDED EXPORTS AND MARKET DIVERSIFICATION BY ENCOURAGING THE DEVELOPMENT, MAINTENANCE, AND EXPANSION OF DIVERSE COMMERCIAL EXPORT MARKETS FOR UNITED STATES AGRICULTURAL COMMODITIES AND PRODUCTS EMERGING MARKET PROGRAM (EMP) - DEVELOP, MAINTAIN, OR EXPAND MARKETS FOR U.S. AG EXPORTS IN EMERGING MARKETS, TO IMPROVE THE EFFECTIVENESS OF FOOD AND RURAL BUSINESS SYSTEMS IN EMERGING MARKETS, AND TO INCREASE PROSPECTS FOR U.S. TRADE AND INVESTMENTS IN THESE COUNTRIES. 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 X 130 0 1 68 1 0 1 CH JA MX SN TW 0 0 0 0 0 0 X 15 15 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JULIE SUMPTER 6364496400 16305 SWINGLEY RIDGE ROAD 200 CHESTERFIELD MO 63017 STAN BORN CHAIRMAN (THRU 2/2024) 1.00 0.00 X X 0 0 0 LANCE REZAC CHAIRMAN/VICE CHAIRMAN 1.00 0.00 X X 0 0 0 JANNA FRITZ VICE CHAIR/TRUSTEE 1.00 0.00 X X 0 0 0 JOHN BUBOLTZ TREASURER 1.00 0.00 X X 0 0 0 DAWN SCHEIER SECRETARY (THRU 2/2024) 1.00 0.00 X X 0 0 0 JOEL SCHRUERS SECRETARY/TRUSTEE 1.00 0.00 X X 0 0 0 TONY HILL TRUSTEE 1.00 0.00 X 0 0 0 SHAWN HULM TRUSTEE 1.00 0.00 X 0 0 0 JEFF JORGENSON TRUSTEE (THRU 2/2024) 1.00 0.00 X 0 0 0 DARREN KADLEC TRUSTEE (THRU 2/2024) 1.00 0.00 X 0 0 0 MIKE KOEHNE TRUSTEE 1.00 0.00 X 0 0 0 MIKE MCCRANIE TRUSTEE 1.00 0.00 X 0 0 0 RANDY MILLER TRUSTEE 1.00 0.00 X 0 0 0 CRAIG PIETIG TRUSTEE 1.00 0.00 X 0 0 0 CINDY PULSKAMP TRUSTEE 1.00 0.00 X 0 0 0 ROBERTA SIMPSON-DOLBEARE TRUSTEE 1.00 0.00 X 0 0 0 SCOTT SINNER TRUSTEE 1.00 0.00 X 0 0 0 TORI SORENSEN TRUSTEE 1.00 0.00 X 0 0 0 REGGIE STRICKLAND TRUSTEE 1.00 0.00 X 0 0 0 JAMES SUTTER CEO 40.00 0.00 X 740885 0 60166 JULIE SUMPTER CFO 40.00 0.00 X 349472 0 35644 PAUL BURKE EXECUTIVE DIRECTOR 40.00 0.00 X 270351 0 45635 BRENT BABB REGIONAL DIRECTOR 40.00 0.00 X 282496 0 42320 TIMOTHY LOH REGIONAL DIRECTOR 30.00 10.00 X 0 320104 31054 ROSALIND LEECK EXECUTIVE DIRECTOR 40.00 0.00 X 310206 0 32901 KEVIN ROEPKE REGIONAL DIRECTOR 40.00 0.00 X 465581 0 45725 CHRISTOPHER SAMUEL DIRECTOR - COMMUNICATIONS 40.00 0.00 X 180756 0 59468 CARLOS SALINAS-MESCHWITZ REGIONAL DIRECTOR 40.00 0.00 X 388265 0 68257 HYUNG SUK LEE COUNTRY OFFICE DIRECTOR 30.00 10.00 X 0 196129 39609 CURLYN TAN DIRECTOR OF OPERATIONS - SEA 30.00 10.00 X 0 214792 29253 LYNDSEY ERB DIRECTOR - INDUSTRY RELATIONS 40.00 0.00 X 178733 0 54998 COLBY PINKSTONE DIRECTOR - STRATEGIC PROGRAM DEVELOP 40.00 0.00 X 236685 0 54179 DONNA ROBINSON CONROLLER 40.00 0.00 X 195561 0 29388 CHERYL HUSON DIRECTOR OF BUDGET & COMPLIANCE 40.00 0.00 X 187992 0 27360 WILLIAM MCNAIR DIRECTOR OF OIL & SOYFOODS 40.00 0.00 X 187038 0 40893 ANGELA MOODY DIRECTOR OF PROGRAM ADMINISTRATION 40.00 0.00 X 186333 0 26450 ABIGAIL RINNE DIRECTOR - SUSTAINABILITY 40.00 0.00 X 182322 0 13542 4342676 731025 736842 23 0 1 0 THE CONTEXT NETWORK LLC 5550 WILD ROSE LANE SUITE 40039 WEST DES MOINES IA 50266 CONSULTING 743134 AGRALYTICA INC 105 ORONOCO STREET SUITE 312 ALEXANDRIA VA 22314 CONSULTING 631013 GREEN ORANGE LLC 8439 BELLS RIDGE TERRACE POTOMAC MD 20854 CONSULTING 627299 NATIONAL HOTEL SALES LTD 311 W MONROE ST CHICAGO IL 60606 EVENT PLANNING 571565 CENTREC CONSULTING GROUP LLC 3 COLLEGE PARK COURT SAVOY IL 61874 CONSULTING 546442 110 CHECKOFF PROGRAMS 900099 62243634 62243634 FOREIGN MARKET DEVELOPMENT 900099 8106934 8106934 MARKET ACCESS PROGRAM 900099 5564797 5564797 AGRICULTURAL TRADE PROGRAM 900099 3554226 3554226 MEMBERSHIP DUES 900099 549500 549500 393031 393031 80412122 340 340 80412462 80412122 0 340 X 5500353 6389495 375230 1129362 638125 175426 261204 29924533 3914179 512723 396169 615000 742606 16849340 9307197 106555 111058 COMMUNICATIONS 2779431 TRADE RELATIONS 343669 OTHER OPERATING EXPENSE 37254 80108909 2509855 2479175 2961310 3930696 500936 812716 18624157 22147355 24596258 29369942 14122055 15451248 2844298 5749459 4831991 5067768 21798344 26268475 X 2797914 3101467 2797914 3101467 24596258 29369942 303553 0 X 0 1 X 1 0 0 1 0 0 UNBILLED REVENUE 20555180 REIMBURSABLE COSTS 31507 OTHER ASSETS AND SECURITY DEPOSITS 562883 RIGHT OF USE ASSETS 997785 22147355 ACCRUED SEVERANCE LIABILITY 2518148 ADVANCED FUNDS 1535056 LEASE LIABILITY 1014564 5067768 X PART X, LINE 2: UNCERTAIN TAX POSITIONS, IF ANY, ARE RECORDED IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES. ASC 740 REQUIRES THE RECOGNITION OF A LIABILITY FOR TAX POSITIONS TAKEN THAT DO NOT MEET THE MORE-LIKELY-THAN-NOT STANDARD THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES. FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, MANAGEMENT HAS DETERMINED THAT THERE WERE NO MATERIAL UNCERTAIN TAX POSITIONS. CENTRAL AMERICA AND THE CARIBBEAN 1 23 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 630144 SOUTH ASIA 1 109 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 3334923 EUROPE (INCLUDING ICELAND & GREENLAND) 0 113 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 2887568 MIDDLE EAST AND NORTH AFRICA 1 86 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 2620786 EAST ASIA AND THE PACIFIC 5 277 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 7445265 SUB-SAHARAN AFRICA 0 8 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 1120775 SOUTH AMERICA 0 44 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 504512 NORTH AMERICA 0 52 PROGRAM SERVICES MARKETING OF U.S. SOY & TECHNICAL SERVICING TO LOCAL INDUSTRY 1178895 8 712 0 0 8 712 19722868 0 19722868 0 0 1 0 0 0 PART I, LINE 3: EXPENSES ARE RECORDED IN USSEC'S CONSOLIDATED FINANCIAL STATEMENTS FOLLOWING GAAP ACCOUNTING RULES AND REGULATIONS. X X 1 1 X X X 0 1 0 JAMES SUTTER CEO 576682 0 141042 0 23161 0 21450 0 38716 0 801051 0 0 0 KEVIN ROEPKE REGIONAL DIRECTOR 289761 0 35000 0 140820 0 16412 0 29313 0 511306 0 0 0 CARLOS SALINAS-MESCHWITZ REGIONAL DIRECTOR 265477 0 45000 0 77788 0 15004 0 53253 0 456522 0 0 0 JULIE SUMPTER CFO 278709 0 70000 0 763 0 21450 0 14194 0 385116 0 0 0 TIMOTHY LOH REGIONAL DIRECTOR 0 259253 0 60851 0 0 0 27393 0 3661 0 351158 0 0 ROSALIND LEECK EXECUTIVE DIRECTOR 254448 0 55000 0 758 0 20368 0 12533 0 343107 0 0 0 BRENT BABB REGIONAL DIRECTOR 246680 0 35000 0 816 0 16424 0 25896 0 324816 0 0 0 PAUL BURKE EXECUTIVE DIRECTOR 239535 0 30000 0 816 0 16008 0 29627 0 315986 0 0 0 COLBY PINKSTONE DIRECTOR - STRATEGIC PROGRAM DEVELOP 208369 0 27500 0 816 0 16013 0 38166 0 290864 0 0 0 CURLYN TAN DIRECTOR OF OPERATIONS - SEA 0 187541 0 26908 0 343 0 26114 0 3139 0 244045 0 0 CHRISTOPHER SAMUEL DIRECTOR - COMMUNICATIONS 164940 0 15000 0 816 0 12540 0 46928 0 240224 0 0 0 HYUNG SUK LEE COUNTRY OFFICE DIRECTOR 0 196129 0 0 0 0 0 28922 0 10687 0 235738 0 0 LYNDSEY ERB DIRECTOR - INDUSTRY RELATIONS 157917 0 20000 0 816 0 11784 0 43214 0 233731 0 0 0 WILLIAM MCNAIR DIRECTOR OF OIL & SOYFOODS 168722 0 17500 0 816 0 11402 0 29491 0 227931 0 0 0 DONNA ROBINSON CONROLLER 170798 0 24000 0 763 0 13034 0 16354 0 224949 0 0 0 CHERYL HUSON DIRECTOR OF BUDGET & COMPLIANCE 162499 0 25000 0 493 0 12571 0 14789 0 215352 0 0 0 ANGELA MOODY DIRECTOR OF PROGRAM ADMINISTRATION 172575 0 13000 0 758 0 12293 0 14157 0 212783 0 0 0 ABIGAIL RINNE DIRECTOR - SUSTAINABILITY 164006 0 17500 0 816 0 11879 0 1663 0 195864 0 0 0 PART I, LINE 1A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: TAX INDEMNIFICATION AND GROSS-UP PAYMENTS ARE ONLY PAID TO INDIVIDUALS IN LIMITED CIRCUMSTANCES, AND MUST BE APPROVED IN ACCORDANCE WITH USSEC POLICIES GOVERNING THESE TYPES OF PAYMENTS. AT LEAST ANNUALLY, THE EXPENSES INCURRED BY ALL EMPLOYEES ARE REVIEWED TO ENSURE APPROPRIATE TAXATION AND REPORTING. GROSS-UP PAYMENTS ARE ESTABLISHED BY TAKING INTO ACCOUNT AN ESTIMATED TAX RATE. HOWEVER, EMPLOYEES RECEIVING THE PAYMENT ARE NOT GROSSED UP FOR ACTUAL TAXES INCURRED. GROSS-UP PAYMENTS WERE PROVIDED TO 2 EXPAT REGIONAL DIRECTORS IN 2023 AND IN ALL CASES WERE TREATED AS TAXABLE INCOME TO THE RECIPIENT. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: UPON APPROVAL BY THE USSEC BOARD OF DIRECTORS, THE USSEC PROVIDES A HOUSING ALLOWANCE TO 2 EXPAT REGIONAL DIRECTORS. THE HOUSING ALLOWANCE IS TREATED AS INCOME AND TAXED ACCORDINGLY. PART I, LINE 4B PART I, LINES 4A-B: USSEC PROVIDES SUPPLEMENTAL NONQUALIFIED DEFERRED COMPENSATION PLANS TO CERTAIN INDIVIDUALS. THE FOLLOWING INDIVIDUALS PARTICIPATE IN A PLAN: JAMES SUTTER TIMOTHY LOH CURLYN TAN HYUNG SUK LEE NO AMOUNTS BECAME VESTED OR WERE PAID OUT IN 2023. SCHEDULE J, PART II, COLUMN C INCLUDES THE CURRENT-YEAR DEFERRALS FOR THE UNVESTED PARTICIPANTS WHICH MAY BECOME PAYABLE UNDER THE PLAN IN A FUTURE PERIOD. FORM 990, PART III, LINE 3 THE SECTION 108 PROGRAM, WHICH PROVIDED LOW-COST, FLEXIBLE FINANCING TO COMMUNITIES FOR PROJECTS THAT INCREASED RESILIENCE TO NATURAL DISASTERS, HAS ENDED. FORM 990, PART VI, SECTION A, LINE 2 OFFICER JIM SUTTER AND KEY EMPLOYEE TIMOTHY LOH HAVE A BUSINESS RELATIONSHIP BY VIRTUE OF THEIR POSITIONS AS DIRECTORS OF U.S. SOYBEAN EXPORT COUNCIL SOUTHEAST ASIA LIMITED. FORM 990, PART VI, SECTION A, LINE 6 UNITED STATES SOYBEAN EXPORT COUNCIL HAS TWO CORPORATE MEMBERS: AMERICAN SOYBEAN ASSOCIATION AND UNITED SOYBEAN BOARD (THE FOUNDERS CLASS). FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDERS CLASS SHALL BE ENTITLED TO APPOINT EIGHT (8) DIRECTORS OF THE CORPORATION, CONSISTING OF FOUR (4) DIRECTORS APPOINTED BY USB AND FOUR (4) DIRECTORS APPOINTED BY ASA. DIRECTORS APPOINTED BY A FOUNDER MUST BE A CURRENT DIRECTOR OF SUCH FOUNDER. FORM 990, PART VI, SECTION B, LINE 11B THE MEMBERS OF THE AUDIT AND BUDGET COMMITTEE WILL REVIEW THE FORM 990. THE REVIEW WILL BE DOCUMENTED IN THE MINUTES OF THE MEETING OR, IN THE EVENT APPROVAL IS OBTAINED BY FAX VOTE OR EMAIL, IN THE MINUTES OF THE NEXT MEETING HELD SUBSEQUENT TO THE APPROVAL. AFTER APPROVAL BY THE AUDIT AND BUDGET COMMITTEE, AND PRIOR TO THE FILING WITH THE IRS, THE FORM 990 WILL BE SENT VIA MAIL OR DELIVERY SERVICE TO THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EACH EMPLOYEE, OFFICER AND MEMBER (INTERESTED PARTIES) OF THE BOARD OF DIRECTORS REVIEWS AND SIGNS A CONFLICT OF INTEREST STATEMENT. PERIODIC CHECKS WILL BE CONDUCTED BY CORPORATE HR TO DETERMINE IF ANY CHANGES HAVE OCCURRED; HOWEVER, ALL EMPLOYEES, OFFICERS AND DIRECTORS ARE EXPECTED TO USE GOOD JUDGEMENT AND DISCRETION IN EVALUATING A PARTICULAR ACTIVITY TO AVOID ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST. IF A CONFLICT ARISES DURING THE COURSE OF THE YEAR, THE INTERESTED PARTY WILL FULLY DISCLOSE THE CONFLICT TO THE ORGANIZATION'S OFFICERS. THAT DIRECTOR WILL RECUSE THEMSELVES FROM ANY DISCUSSION AND VOTING THAT AFFECTS THEIR INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATIONS OF USSEC'S CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL IS MADE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. IN DETERMINING COMPENSATION OF THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT OFFICIAL, THE PROCESS INCLUDED HIRING AN INDEPENDENT CONSULTING FIRM WHO PROVIDED MARKET SURVEYS AND BENCHMARKING TO HELP ASSIST IN THE DECISION MAKING PROCESS. EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE FINAL COMPENSATION AMOUNTS AND DOCUMENTATION OF THIS DECISION WAS RECORDED IN THE COMMITTEE MINUTES, WHICH WAS SENT TO THE FULL BOARD. COMPENSATION DETERMINATIONS OF USSEC'S OTHER OFFICERS OR KEY EMPLOYEES WERE MADE BY THE CEO. IN DETERMINING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION, THE PROCESS INCLUDED HIRING AN INDEPENDENT CONSULTING FIRM WHO PROVIDED MARKET SURVEYS AND BENCHMARKING TO HELP ASSIST IN THE DECISION MAKING PROCESS. THE CHAIRMAN OF THE BOARD REVIEWED THIS FINAL COMPENSATION. THE LAST COMPENSATION REVIEW OCCURRED SEPTEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE SERVICES 29,924,533. 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