Iowa Corn Grower's Association
Nonprofit profile at a glance
- EIN
- 421036179
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Johnston, IA, USA
- Phone
- 5152259242
- Rating confidence
- Limited
Reported finances
- Revenue
- $24,640,673
- Expenses
- $23,408,801
- Assets
- $27,093,304
- Liabilities
- $8,582,127
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- STUART SWANSON (PRESIDENT)
- MARK MUELLER (VICE PRESIDENT)
- CRAIG FLOSS (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- CRAIG FLOSS (CHIEF EXECUTIVE OFFICER): $559,671 total reported compensation
- BRIAN R JONES (CHIEF OPERATING OFFICER): $345,165 total reported compensation
- RODNEY WILLIAMSON (VP OF RESEARCH & SUSTAINABILITY): $294,753 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
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.one method of supporting research is the wholly owned subsidiary Iowa corn growers association, new product innovation llc (npi) which began operations in november of 2024. The strategy of npi is to identify unexploited technologies that, if commercialized, would provide benefits to corn farmers.
Operating model
- Revenue model
- Other-operating. 97% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 44
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.8%; rating input score 100; 37th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 5%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 1.16; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 13.7%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.1% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $560K · 26 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.6M reported
- Consistency: 15 of 15 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 57 filed money-flow records
- Related organizations: 36 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 54/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.