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Kentucky Soybean Promotion Board

Organization summary

Type of Nonprofit

Designated as a 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.

Category: Food, Agriculture and Nutrition / Agricultural Programs (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$3.47M (2024)

Expenses
$2.72M (2024)

Total Assets
$8.99M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 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 June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,470,709
Expenses
$2,718,021
Net Income
$752,688
Net Assets
$8,990,460
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,221,487
92.8%
Investment Income $147,932
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $66,000
1.9%
Net Inventory Sales $0
Other Revenue $35,290
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $60,685
2.2%
Assets/Debt
Total Assets $8,990,460
Total Liabilities $0
Net Assets $8,990,460
Compensation
Key Employees and Officers Compensation Related Other
Debbie Ellis (Executive Di) $142,800 $0 $0
Barry Alexander (Director) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Brent Gatton (Director) $0 $0 $0
Adam Hendricks (Director) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Jeff King (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Caleb Ragland (Director) $0 $0 $0
Jonathan Reynolds (Director) $0 $0 $0
Fred L Sipes (Director) $0 $0 $0
Larry Thomas (Director) $0 $0 $0
Clay Wells (Director) $0 $0 $0
Andrea Williford (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,598,908
Expenses
$2,237,497
Net Income
$1,361,411
Net Assets
$8,228,680
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,458,678
96.1%
Investment Income $93,236
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,500
0.1%
Net Inventory Sales $0
Other Revenue $43,494
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,228,680
Total Liabilities $0
Net Assets $8,228,680
Compensation
Key Employees and Officers Compensation Related Other
Barry Alexander (Director) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Brent Gatton (Director) $0 $0 $0
Gerry Hayden (Director) $0 $0 $0
Adam Hendricks (Director) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Jeff King (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Caleb Ragland (Director) $0 $0 $0
Jonathan Reynolds (Director) $0 $0 $0
Fred Sipes (Secretary/Tr) $0 $0 $0
Larry Thomas (Chairman) $0 $0 $0
Debbie Ellis (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,257,461
Expenses
$2,104,496
Net Income
$1,152,965
Net Assets
$6,980,782
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,202,092
98.3%
Investment Income $13,763
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$254
Net Inventory Sales $0
Other Revenue $41,860
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,980,782
Total Liabilities $0
Net Assets $6,980,782
Compensation
Key Employees and Officers Compensation Related Other
Barry Alexander (Director) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Brent Gatton (Director) $0 $0 $0
Gerry Hayden (Director) $0 $0 $0
Adam Hendricks (Director) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Jeff King (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Caleb Ragland (Director) $0 $0 $0
Fred Sipes (Secretary/Tr) $0 $0 $0
Larry Thomas (Chairman) $0 $0 $0
Debbie Ellis (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,736,101
Expenses
$1,659,958
Net Income
$1,076,143
Net Assets
$5,827,817
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,689,047
98.3%
Investment Income $14,456
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $32,598
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,827,817
Total Liabilities $0
Net Assets $5,827,817
Compensation
Key Employees and Officers Compensation Related Other
Barry Alexander (Secretary/Tr) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Jed Clark (Chairman) $0 $0 $0
Brent Gatton (Director) $0 $0 $0
Gerry Hayden (Director) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Caleb Ragland (Director) $0 $0 $0
Fred Sipes (Director) $0 $0 $0
Davie Stephens (Director) $0 $0 $0
Larry Thomas (Vice Chairma) $0 $0 $0
Debbie Ellis (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,747,070
Expenses
$2,123,368
Net Income
-$376,298
Net Assets
$4,751,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,695,049
97.0%
Investment Income $24,472
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,549
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,751,674
Total Liabilities $0
Net Assets $4,751,674
Compensation
Key Employees and Officers Compensation Related Other
Barry Alexander (Secretary/Tr) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Jed Clark (Chairman) $0 $0 $0
Brent Gatton (Director) $0 $0 $0
Gerry Hayden (Chairman) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Caleb Ragland (Director) $0 $0 $0
Fred Sipes (Director) $0 $0 $0
Davie Stephens (Director) $0 $0 $0
Keith Tapp (Director) $0 $0 $0
Larry Thomas (Vice Chairma) $0 $0 $0
Debbie Ellis (Executive Di) $0 $0 $0

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Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,096,180
Expenses
$2,193,405
Net Income
-$97,225
Net Assets
$5,127,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,965,558
93.8%
Investment Income $21,031
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $87,050
4.2%
Net Inventory Sales $0
Other Revenue $22,541
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,127,972
Total Liabilities $0
Net Assets $5,127,972
Compensation
Key Employees and Officers Compensation Related Other
Gerry Hayden (Chairman) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Caleb Ragland (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Jed Clark (Vice Chairma) $0 $0 $0
Keith Tapp (Director) $0 $0 $0
Davie Stephens (Director) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Fred Sipes (Director) $0 $0 $0
Larry Thomas (Secretary/Tr) $0 $0 $0
Brent Gatton (Director) $0 $0 $0
Debbie Ellis (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,556,606
Expenses
$2,194,120
Net Income
$362,486
Net Assets
$5,225,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,505,825
98.0%
Investment Income $12,707
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $38,074
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,225,197
Total Liabilities $0
Net Assets $5,225,197
Compensation
Key Employees and Officers Compensation Related Other
Debbie Ellis (Executive Di) $103,600 $0 $0
Gerry Hayden (Director) $0 $0 $0
Ryan Bivens (Vice Chairma) $0 $0 $0
Dennis Clark (Director) $0 $0 $0
Allen Pace (Director) $0 $0 $0
Jed Clark (Sec/Treasure) $0 $0 $0
Keith Tapp (Director) $0 $0 $0
Davie Stephens (Chairman) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Fred Sipes (Director) $0 $0 $0
Larry Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,616,564
Expenses
$1,977,414
Net Income
$639,150
Net Assets
$4,862,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,562,106
97.9%
Investment Income $13,345
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,302
0.6%
Net Inventory Sales $0
Other Revenue $25,811
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,862,710
Total Liabilities $0
Net Assets $4,862,710
Compensation
Key Employees and Officers Compensation Related Other
Debbie Ellis (Executive Di) $96,000 $0 $0
Gerry Hayden (Director) $0 $0 $0
Ryan Bivens (Vice Chairma) $0 $0 $0
Dennis Clark (Director) $0 $0 $0
Tim Thomas (Director) $0 $0 $0
Jed Clark (Sec/Treasure) $0 $0 $0
Keith Tapp (Director) $0 $0 $0
Davie Stephens (Chairman) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Fred Sipes (Director) $0 $0 $0
Larry Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,310,336
Expenses
$2,268,934
Net Income
$41,402
Net Assets
$4,323,560
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,174,067
94.1%
Investment Income $9,200
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $127,069
5.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,323,560
Total Liabilities $0
Net Assets $4,323,560
Compensation
Key Employees and Officers Compensation Related Other
Debbie Ellis (Executive Di) $92,750 $0 $0
Gerry Hayden (Director) $0 $0 $0
Ryan Bivens (Sec/Treasure) $0 $0 $0
Dennis Clark (Director) $0 $0 $0
Tim Thomas (Director) $0 $0 $0
Jed Clark (Director) $0 $0 $0
Keith Tapp (Chairman) $0 $0 $0
Davie Stephens (Vice Chairma) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Fred Sipes (Director) $0 $0 $0
Larry Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,062,877
Expenses
$2,078,778
Net Income
-$15,901
Net Assets
$4,282,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,970,119
95.5%
Investment Income $9,832
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $82,926
4.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,282,158
Total Liabilities $0
Net Assets $4,282,158
Compensation
Key Employees and Officers Compensation Related Other
Debbie Ellis (Executive Di) $95,200 $0 $0
Gerry Hayden (Director) $0 $0 $0
Ryan Bivens (Sec/Treasure) $0 $0 $0
Jerry Holloway (Director) $0 $0 $0
Mike Burchett (Director) $0 $0 $0
Jed Clark (Director) $0 $0 $0
Keith Tapp (Chairman) $0 $0 $0
Davie Stephens (Vice Chairma) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Larry Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,656,136
Expenses
$1,729,433
Net Income
$926,703
Net Assets
$4,298,059
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,641,136
99.4%
Investment Income $9,960
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,040
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,298,059
Total Liabilities $0
Net Assets $4,298,059
Compensation
Key Employees and Officers Compensation Related Other
Debbie Ellis (Executive Di) $91,500 $0 $0
Gerry Hayden (Director) $0 $0 $0
Ryan Bivens (Director) $0 $0 $0
Dennis Clark (Chairman) $0 $0 $0
Jerry Holloway (Director) $0 $0 $0
Mike Burchett (Director) $0 $0 $0
Jed Clark (Director) $0 $0 $0
Keith Tapp (Vice Chairma) $0 $0 $0
Davie Stephens (Sec Treasu) $0 $0 $0
Glenn Howell (Director) $0 $0 $0
Kim Mccoy (Director) $0 $0 $0
Larry Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,160,971
Expenses
$1,392,844
Net Income
$768,127
Net Assets
$3,371,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,145,091
99.3%
Investment Income $10,357
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,523
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,371,356
Total Liabilities $0
Net Assets $3,371,356

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,812,539
Expenses
$1,640,103
Net Income
$172,436
Net Assets
$2,603,230
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,797,173
99.2%
Investment Income $13,217
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,149
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,603,230
Total Liabilities $0
Net Assets $2,603,230

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

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.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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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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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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