Nonprofit · EIN 42-1113939
IOWA CORN PROMOTION BOARD
Tax-exempt · JOHNSTON, IA 50131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $23,708,518 | $25,232,234 | -$1,523,716 | $21,044,256 | $256,529 | $20,787,727 |
| August 31, 2024 | 990 | $22,905,648 | $28,982,840 | -$6,077,192 | $22,730,958 | $419,515 | $22,311,443 |
| August 31, 2023 | 990 | $21,595,790 | $21,911,198 | -$315,408 | $28,599,152 | $210,517 | $28,388,635 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,146,710
- Investment income
- $561,808
- Net gain from sales of assets
- $52,900
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $23,654,916
- Compensation of officers, directors and key employees
- $45,500
- Salaries, compensation and benefits (total)
- $45,500
- Professional fundraising fees
- $0
- Legal fees
- $33,037
- Accounting fees
- $25,250
- Occupancy
- $310,087
- Travel
- $144,525
- Depreciation
- $203,448
Balance sheet and other
- Total assets, start of year
- $22,730,958
- Total assets, end of year
- $21,044,256
- Total liabilities, end of year
- $256,529
- Net assets, end of year
- $20,787,727
- Land, buildings and equipment
- $503,676
- Net assets without donor restrictions
- $20,787,727
- Gross receipts
- $23,708,518
- Employees
- 0
- Volunteers
- 459
- Year formed
- 1977
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG FLOSS | CHIEF EXECUTIVE OFFICER Officer | 40 | $491,342 | $68,329 |
| JULIE KIRBY | VP OF FINANCE (THRU 7/24) Former | 0 | $153,123 | $30,226 |
| VALERIE SANCHEZ | SENIOR DIRECTOR OF FINANCE Officer | 40 | $97,634 | $22,320 |
| STAN NELSON | CHAIR Trustee or director, Officer | 5 | $7,400 | $0 |
| RALPH LENTS | PRESIDENT Trustee or director, Officer | 5 | $7,000 | $0 |
| PAUL GIESELMAN | DIRECTOR Trustee or director | 5 | $4,200 | $0 |
| JOE ROBERTS | VICE PRESIDENT Trustee or director, Officer | 5 | $3,300 | $0 |
| RYAN STEFFENSEN | DIRECTOR Trustee or director | 5 | $2,900 | $0 |
| JASON ORR | DIRECTOR Trustee or director | 5 | $2,700 | $0 |
| CHAD HARMS | DIRECTOR Trustee or director | 5 | $800 | $0 |
| DEREK KEMPER | DIRECTOR Trustee or director | 5 | $600 | $0 |
| DARIN PROFFIT | DIRECTOR Trustee or director | 5 | $600 | $0 |
| JERRY MAIER | DIRECTOR Trustee or director | 5 | $300 | $0 |
| MIKAYLA COLEHOUR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JEROD FLAHERTY | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG FLOSS | CHIEF EXECUTIVE OFFICER Officer | 40 | $489,495 | $69,541 |
| JULIE KIRBY | VP OF FINANCE & OPS (UNTIL 7/24) Officer | 40 | $225,634 | $42,730 |
| LARRY BUSS | CHAIR Trustee or director, Officer | 5 | $5,375 | $0 |
| RALPH LENTS | VICE PRESIDENT Trustee or director, Officer | 5 | $4,800 | $0 |
| STAN NELSON | PRESIDENT Trustee or director, Officer | 5 | $4,300 | $0 |
| RYAN STEFFENSEN | DIRECTOR Trustee or director | 5 | $2,600 | $0 |
| PAUL GIESELMAN | DIRECTOR Trustee or director | 5 | $2,400 | $0 |
| CHAD HARMS | DIRECTOR Trustee or director | 5 | $2,100 | $0 |
| JOE ROBERTS | DIRECTOR Trustee or director | 5 | $1,800 | $0 |
| DEREK KEMPER | DIRECTOR Trustee or director | 5 | $1,000 | $0 |
| MIKAYLA COLEHOUR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JEROD FLAHERTY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| JASON ORR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DARIN PROFFIT | DIRECTOR Trustee or director | 5 | $0 | $0 |
| VALERIE SANCHEZ | SENIOR DIRECTOR OF FINANCE Officer | 40 | $0 | $0 |
990 for the year ended August 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG FLOSS | CHIEF EXECUTIVE OFFICER Officer | 40 | $464,338 | $62,036 |
| JULIE KIRBY | DIRECTOR OF FINANCE & BUSI Officer | 40 | $215,316 | $37,497 |
| LARRY BUSS | PRESIDENT Trustee or director, Officer | 5 | $6,300 | $0 |
| GREG ALBER | DIRECTOR Trustee or director | 5 | $5,050 | $0 |
| RALPH LENTS | DIRECTOR Trustee or director | 5 | $4,900 | $0 |
| STAN NELSON | VICE PRESIDENT Trustee or director, Officer | 5 | $4,700 | $0 |
| KELLY NIEUWENHUIS | CHAIR Trustee or director, Officer | 5 | $3,800 | $0 |
| PETE BRECHT | DIRECTOR Trustee or director | 5 | $2,700 | $0 |
| DARLA RECKER | DIRECTOR Trustee or director | 5 | $1,850 | $0 |
| CHAD HARMS | DIRECTOR Trustee or director | 5 | $1,600 | $0 |
| RYAN STEFFENSEN | DIRECTOR Trustee or director | 5 | $1,400 | $0 |
| PAUL GIESELMAN | DIRECTOR Trustee or director | 5 | $400 | $0 |
| DEREK KEMPER | DIRECTOR Trustee or director | 5 | $300 | $0 |
| JOE ROBERTS | DIRECTOR Trustee or director | 5 | $100 | $0 |
| JEROD FLAHERTY | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5505 NW 88TH ST STE 100, JOHNSTON, IA 50131-2948
- Principal officer (990 for 2024)
- CRAIG FLOSS, 5505 NW 88TH ST 100, JOHNSTON, IA 50131
- Signed the 990
- CRAIG FLOSS, CHIEF EXECUTIVE OFFICER
- Phone
- (515) 225-9242
- Website
- WWW.IOWACORN.ORG
- Return prepared by
- RSM US LLP
Mission
THE IOWA CORN PROMOTION BOARD (ICPB) WORKS TO DEVELOP AND DEFEND MARKETS, FUND RESEARCH, AND PROVIDE EDUCATION ABOUT CORN AND CORN PRODUCTS. ICPB'S MISSION IS TO CREATE OPPORTUNITIES FOR LONG TERM IOWA CORN GROWER PROFITABILITY.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 42-1113939
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $21,044,256
- Income (IRS master file)
- $23,708,518
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $23,708,518 | $25,232,234 | $21,044,256 | XML |
| 990 | August 2024 | $22,905,648 | $28,982,840 | $22,730,958 | XML |
| 990 | August 2023 | $21,595,790 | $21,911,198 | $28,599,152 | XML |
| 990 | August 2022 | $24,524,776 | $21,195,043 | $28,871,996 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-1113939).
Questions about IOWA CORN PROMOTION BOARD
- What is the EIN of IOWA CORN PROMOTION BOARD?
- The employer identification number (EIN) of IOWA CORN PROMOTION BOARD is 42-1113939.
- Is IOWA CORN PROMOTION BOARD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1979.
- Are donations to IOWA CORN PROMOTION BOARD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA CORN PROMOTION BOARD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA CORN PROMOTION BOARD due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA CORN PROMOTION BOARD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of IOWA CORN PROMOTION BOARD?
- The 990 for the year ended August 31, 2025 names CRAIG FLOSS.
- Who are the officers and directors of IOWA CORN PROMOTION BOARD?
- The 990 for the year ended August 31, 2025 lists 15 people; 13 received compensation from the organization, the highest $491,342 (CRAIG FLOSS, CHIEF EXECUTIVE OFFICER).
- How much revenue does IOWA CORN PROMOTION BOARD have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $23,708,518, expenses of $25,232,234 and total assets of $21,044,256 at year end.
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