Maryland Soybean Board

Salisbury, MD
Tax-exempt since April 1983
EIN: 52-1214909

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Type of Nonprofit

Designated as a 501(c)(5) Labor, agricultural and horticultural organizations that are educational or instructive, including unions, created for the purpose of improving conditions of work, and products of efficiency.

Donations to this organization are not tax deductible.

Revenue

$1.49M (2024)

Expenses

$1.43M (2024)

Total Assets

$1.1M (2024)

Total Liabilities

$157k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$1,493,482

Expenses

$1,433,619

Net Income

$59,863

Net Assets

$945,913

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$124,103	8.3%
Program Services	$1,337,374	89.5%
Investment Income	$16,722	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,283	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,103,180
Total Liabilities	$157,267
Net Assets	$945,913

Compensation

Key Employees and Officers	Compensation	Related	Other
Joshua Appenzeller (Chairman)	$0	$0	$0
Eddie Boyle (Vice Chairman)	$0	$0	$0
Curt Lambertson (Treasurer)	$0	$0	$0
Ralph Stambaugh (Director)	$0	$0	$0
Dale Brown (Director)	$0	$0	$0
Steve Walter (Director)	$0	$0	$0
Randy Stabler (Director)	$0	$0	$0
Jason Spicer (Director)	$0	$0	$0
Evan Stanley (Director)	$0	$0	$0
Shane King (Director)	$0	$0	$0
Tyler Rill (Director)	$0	$0	$0

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990

Filed on April 9, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Revenue

$1,836,520

Expenses

$1,620,208

Net Income

$216,312

Net Assets

$886,050

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$69,105	3.8%
Program Services	$1,595,008	86.8%
Investment Income	$5,904	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$166,503	9.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,195,620
Total Liabilities	$309,570
Net Assets	$886,050

Compensation

Key Employees and Officers	Compensation	Related	Other
Joshua Appenzeller (Chairman)	$0	$0	$0
Eddie Boyle (Vice Chairman)	$0	$0	$0
Curt Lambertson (Treasurer)	$0	$0	$0
Ralph Stambaugh (Director)	$0	$0	$0
Dale Brown (Director)	$0	$0	$0
Steve Walter (Director)	$0	$0	$0
Randy Stabler (Director)	$0	$0	$0
Jason Spicer (Director)	$0	$0	$0
Evan Stanley (Director)	$0	$0	$0
Shane King (Director)	$0	$0	$0

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990

Filed on March 8, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2022

Revenue

$1,729,119

Expenses

$1,434,999

Net Income

$294,120

Net Assets

$669,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$110,069	6.4%
Program Services	$1,591,367	92.0%
Investment Income	$1,683	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$26,000	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$852,931
Total Liabilities	$183,193
Net Assets	$669,738

Compensation

Key Employees and Officers	Compensation	Related	Other
Joshua Appenzeller (Chairman)	$0	$0	$0
Eddie Boyle (Vice Chairman)	$0	$0	$0
Curt Lambertson (Treasurer)	$0	$0	$0
Ralph Stambaugh (Director)	$0	$0	$0
Dale Brown (Director)	$0	$0	$0
Steve Walter (Director)	$0	$0	$0
Randy Stabler (Director)	$0	$0	$0
Jason Spicer (Director)	$0	$0	$0
Evan Stanley (Director)	$0	$0	$0
Shane King (Director)	$0	$0	$0

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990

Filed on Feb. 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$1,254,325

Expenses

$1,038,467

Net Income

$215,858

Net Assets

$375,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$14,949	1.2%
Program Services	$1,230,494	98.1%
Investment Income	$270	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$8,612	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$513,004
Total Liabilities	$137,386
Net Assets	$375,618

Compensation

Key Employees and Officers	Compensation	Related	Other
Linda Burrier (Chairman)	$0	$0	$0
Brian Johnson (Vice Chairman)	$0	$0	$0
Curt Lambertson (Treasurer)	$0	$0	$0
Joshua Appenzeller (Director)	$0	$0	$0
Dale Brown (Director)	$0	$0	$0
Steve Walter (Director)	$0	$0	$0
Randy Stabler (Director)	$0	$0	$0
Jason Spicer (Director)	$0	$0	$0
Evan Stanley (Director)	$0	$0	$0
Eddie Boyle (Director)	$0	$0	$0

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990

Filed on Feb. 28, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Sept.
2020

Revenue

$844,996

Expenses

$855,527

Net Income

-$10,531

Net Assets

$159,760

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,105	0.8%
Program Services	$827,899	98.0%
Investment Income	$615	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,377	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$63,092	7.4%

Assets/Debt
Total Assets	$271,965
Total Liabilities	$112,205
Net Assets	$159,760

Compensation

Key Employees and Officers	Compensation	Related	Other
Brian Johnson (Chairman)	$0	$0	$0
Linda Burrier (Vice Chairman)	$0	$0	$0
Curt Lambertson (Treasurer)	$0	$0	$0
Joshua Appenzeller (Director)	$0	$0	$0
Dale Brown (Director)	$0	$0	$0
Jeff Griffith (Director)	$0	$0	$0
Randy Stabler (Director)	$0	$0	$0
Jason Spicer (Director)	$0	$0	$0
Evan Stanley (Director)	$0	$0	$0
Travis Hutchison (Director)	$0	$0	$0

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990

Filed on Jan. 19, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Sept.
2019

Revenue

$943,086

Expenses

$993,307

Net Income

-$50,221

Net Assets

$170,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$20,194	2.1%
Program Services	$918,786	97.4%
Investment Income	$398	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,708	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,196	6.6%

Assets/Debt
Total Assets	$319,386
Total Liabilities	$149,095
Net Assets	$170,291

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Sept.
2018

Revenue

$1,169,620

Expenses

$1,061,623

Net Income

$107,997

Net Assets

$220,512

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$12,018	1.0%
Program Services	$1,156,656	98.9%
Investment Income	$342	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$604	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$59,221	5.6%

Assets/Debt
Total Assets	$340,523
Total Liabilities	$120,011
Net Assets	$220,512

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2017

Revenue

$1,045,606

Expenses

$1,230,722

Net Income

-$185,116

Net Assets

$112,515

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$32,519	3.1%
Program Services	$1,008,404	96.4%
Investment Income	$81	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,602	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,885	3.8%

Assets/Debt
Total Assets	$266,390
Total Liabilities	$153,875
Net Assets	$112,515

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2016

Revenue

$1,069,203

Expenses

$1,262,267

Net Income

-$193,064

Net Assets

$277,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$82,726	7.7%
Program Services	$985,780	92.2%
Investment Income	$465	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$232	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$42,313	3.4%

Assets/Debt
Total Assets	$398,477
Total Liabilities	$120,846
Net Assets	$277,631

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2015

Revenue

$1,223,412

Expenses

$1,300,706

Net Income

-$77,294

Net Assets

$470,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$92,505	7.6%
Program Services	$1,129,122	92.3%
Investment Income	$1,613	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$172	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,462	3.1%

Assets/Debt
Total Assets	$619,909
Total Liabilities	$149,214
Net Assets	$470,695

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2014

Revenue

$1,241,202

Expenses

$1,370,079

Net Income

-$128,877

Net Assets

$547,989

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$84,457	6.8%
Program Services	$1,151,382	92.8%
Investment Income	$312	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$5,051	0.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,437	3.0%

Assets/Debt
Total Assets	$678,849
Total Liabilities	$130,860
Net Assets	$547,989

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$1,516,805

Expenses

$1,309,477

Net Income

$207,328

Net Assets

$676,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$58,005	3.8%
Program Services	$1,457,872	96.1%
Investment Income	$96	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$832	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,496	3.1%

Assets/Debt
Total Assets	$768,565
Total Liabilities	$91,699
Net Assets	$676,866

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

$1,105,946

Expenses

$1,096,598

Net Income

$9,348

Net Assets

$469,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$96,310	8.7%
Program Services	$1,006,413	91.0%
Investment Income	$195	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,028	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,598	3.7%

Assets/Debt
Total Assets	$570,383
Total Liabilities	$100,845
Net Assets	$469,538

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$947,943

Expenses

$916,948

Net Income

$30,995

Net Assets

$460,190

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$66,398	7.0%
Program Services	$865,647	91.3%
Investment Income	$211	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,687	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$46,529	5.1%

Assets/Debt
Total Assets	$549,712
Total Liabilities	$89,522
Net Assets	$460,190

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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Updated November 19, 2025

Maryland Soybean Board

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.49M (2024)

Expenses $1.43M (2024)

Total Assets $1.1M (2024)

Total Liabilities $157k (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Revenue

$1.49M (2024)

Expenses

$1.43M (2024)

Total Assets

$1.1M (2024)

Total Liabilities

$157k (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005