EIN 42-1113939

Iowa Corn Promotion Board

IRS 501(c) type
501(c)(5)
Num. employees
0
State
Year formed
1977
Most recent tax filings
2023-08-01
NTEE code, primary
Description
Iowa Corn Promotion Board works to develop and defend markets, fund research, and educate about corn and corn products to create opportunities for long-term Iowa corn grower profitability. Its educational programs reach both producer and consumer audiences on the economic and environmental vitality of the corn industry in Iowa. Additionally, it participates in activities and programs that expand domestic and international markets to increase demand for corn in all forms through partnerships with the US Meat Export Federation and the US Grains Council.
Total revenues
$21,595,790
2023
Total expenses
$21,911,198
2023
Total assets
$28,599,152
2023
Num. employees
0
2023

Program areas at Iowa Corn Promotion Board

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. In addition, Iowa Corn has been awarded a patent for a transgenic Corn plant that improves nitrogen use efficiency. The business development programs invest in companies and leverage the patents to create opportunities for long term profitability of Corn growers.
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.
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.

Grants made by Iowa Corn Promotion Board

GranteeGrant descriptionAmount
Iowa Corn Grower's AssociationGrant To Carry Out Programs of the Iowa Corn Promotion Board$20,408,901

Personnel at Iowa Corn Promotion Board

NameTitleCompensation
Craig FlossChief Executive Officer$464,338
Julie KirbyDirector of Finance and Busi$215,316
Stan NelsonPresident$4,700
Kelly NieuwenhuisChair$3,800
Larry BussPresident$6,300
...and 1 more key personnel

Financials for Iowa Corn Promotion Board

RevenuesFYE 08/2023
Total grants, contributions, etc.$0
Program services$21,245,447
Investment income and dividends$335,574
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$14,769
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$21,595,790

Form 990s for Iowa Corn Promotion Board

Fiscal year endingDate received by IRSFormPDF link
2023-082024-04-18990View PDF
2022-082023-03-13990View PDF
2021-082022-03-24990View PDF
2020-082021-03-26990View PDF
2019-082020-09-25990View PDF
...and 9 more Form 990s
Data update history
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 21, 2023
Updated personnel
Identified 5 new personnel
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 15, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Business and community development organizationsAgricultural programs
Issues
EducationHuman servicesAgricultureBusiness and industry
Characteristics
State / local levelCommunity engagement / volunteeringNo full-time employees
General information
Address
5505 NW 88th St 100
Johnston, IA 50131
Metro area
Des Moines-West Des Moines, IA
County
Polk County, IA
Website URL
iowacorn.org/iowa-corn-home 
Phone
(515) 225-9242
IRS details
EIN
42-1113939
Fiscal year end
August
Taxreturn type
Form 990
Year formed
1977
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
K20: Agricultural Programs
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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