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Nonprofit · EIN 52-1214909

MARYLAND SOYBEAN BOARD

Tax-exempt · CORDOVA, MD 21625

Financials

$1.8M$1.6M2022$1.5M$1.4M2023$1.1M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of MARYLAND SOYBEAN BOARD by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,097,244$1,243,419-$146,175$1,010,145$210,407$799,738
September 30, 2024990$1,493,482$1,433,619$59,863$1,103,180$157,267$945,913
September 30, 2023990$1,836,520$1,620,208$216,312$1,195,620$309,570$886,050
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$29,870
Program service revenue
$1,033,965
Investment income
$19,671
Other revenue
$13,738

Expenses

Grants and similar amounts paid
$639,472
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$8,300
Program services (functional)
$1,173,797
Management and general (functional)
$69,622

Balance sheet and other

Total assets, start of year
$1,103,180
Total assets, end of year
$1,010,145
Total liabilities, end of year
$210,407
Net assets, end of year
$799,738
Net assets without donor restrictions
$799,738
Gross receipts
$1,097,244
Employees
0
Volunteers
0
Year formed
1980
State of legal domicile
MD

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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
EDDIE BOYLECHAIRMAN
Officer
0$0
RALPH STAMBAUGHDIRECTOR
Officer
0$0
DALE BROWNTREASURER
Officer
0$0
STEVE WALTERDIRECTOR
Officer
0$0
JASON SPICERVICE CHAIRMAN
Officer
0$0
EVAN STANLEYDIRECTOR
Officer
0$0
SHANE KINGDIRECTOR
Officer
0$0
TYLER RILLDIRECTOR
Officer
0$0
TYLER AYDELOTEDIRECTOR
Officer
0$0
WES MILLERDIRECTOR
Officer
0$0
990 for the year ended September 30, 2024: 11 people
NameTitleHours / weekCompensation
JOSHUA APPENZELLERCHAIRMAN
Officer
0$0
EDDIE BOYLEVICE CHAIRMAN
Officer
0$0
CURT LAMBERTSONTREASURER
Officer
0$0
RALPH STAMBAUGHDIRECTOR
Officer
0$0
DALE BROWNDIRECTOR
Officer
0$0
STEVE WALTERDIRECTOR
Officer
0$0
RANDY STABLERDIRECTOR
Officer
0$0
JASON SPICERDIRECTOR
Officer
0$0
EVAN STANLEYDIRECTOR
Officer
0$0
SHANE KINGDIRECTOR
Officer
0$0
TYLER RILLDIRECTOR
Officer
0$0
990 for the year ended September 30, 2023: 10 people
NameTitleHours / weekCompensation
JOSHUA APPENZELLERCHAIRMAN
Officer
0$0
EDDIE BOYLEVICE CHAIRMAN
Officer
0$0
CURT LAMBERTSONTREASURER
Officer
0$0
RALPH STAMBAUGHDIRECTOR
Officer
0$0
DALE BROWNDIRECTOR
Officer
0$0
STEVE WALTERDIRECTOR
Officer
0$0
RANDY STABLERDIRECTOR
Officer
0$0
JASON SPICERDIRECTOR
Officer
0$0
EVAN STANLEYDIRECTOR
Officer
0$0
SHANE KINGDIRECTOR
Officer
0$0

Address and contacts

Address (IRS master file)
PO BOX 387, CORDOVA, MD 21625-0387
Principal officer (990 for 2024)
DANIELLE BAUER FARACE, PO BOX 319, SALISBURY, MD 21803
Signed the 990
DANIELLE BAUER FARACE, EXECUTIVE DIRECTOR
Phone
(410) 742-9500
Return prepared by
PKS & COMPANY PA

Mission

TO COLLECT ASSESSMENTS AND DISBURSE THE MONEY COLLECTED TO FUND PROJECTS RELATED TO MARKETING, PROMOTION OF SOYBEANS AND NEW USES, SOYBEAN EDUCATION, AND SOYBEAN RESEARCH TO DECREASE PRODUCTION COSTS TO FARMERS.

990 for the year ended September 30, 2025

Program accomplishments

  • REQUIRED BY FEDERAL LAW TO FORWARD HALF THE ASSESSMENTS COLLECTED TO THE UNITED SOYBEAN BOARD.
    Expenses $504,711
  • TO FUND IN-STATE (MARYLAND) SOYBEAN RELATED RESEARCH.
    Expenses $134,761
  • PROMOTION OF SOYBEANS AT VARIOUS FAIRS AND MEETINGS, EDUCATIONAL PROGRAMS ON SOYBEANS AND THEIR MANY USES, COMMUNICATION OF BOARD ACTIVITIES THROUGH NEWS RELEASES, NEWSLETTERS, ANNUAL REPORT, AND SOCIAL MEDIA.
    Expenses $534,325

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
52-1214909
Tax-exempt status
501(c)(5): Labor, agricultural or horticultural organization
Donations deductible
No
Exempt since
1983
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,010,145
Income (IRS master file)
$1,097,244

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,097,244$1,243,419$1,010,145XML
990September 2024$1,493,482$1,433,619$1,103,180XML
990September 2023$1,836,520$1,620,208$1,195,620XML
990September 2022$1,729,119$1,434,999$852,931IRS
990September 2021–––IRS
990September 2020–––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 52-1214909).

Questions about MARYLAND SOYBEAN BOARD

What is the EIN of MARYLAND SOYBEAN BOARD?
The employer identification number (EIN) of MARYLAND SOYBEAN BOARD is 52-1214909.
Is MARYLAND SOYBEAN BOARD tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1983.
Are donations to MARYLAND SOYBEAN BOARD tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MARYLAND SOYBEAN 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 MARYLAND SOYBEAN BOARD due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MARYLAND SOYBEAN BOARD last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of MARYLAND SOYBEAN BOARD?
The 990 for the year ended September 30, 2025 names DANIELLE BAUER FARACE.
Who are the officers and directors of MARYLAND SOYBEAN BOARD?
The 990 for the year ended September 30, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does MARYLAND SOYBEAN BOARD have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,097,244, expenses of $1,243,419 and total assets of $1,010,145 at year end.

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