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Filing year 2023

MINNESOTA SOYBEAN GROWERS ASSOCIATION

Mankato, Minnesota·EIN 51-0178016·501(c)(5)
Total revenue
$1.4M
Total assets
$1.1M
Total expenses
$1.6M
Reported officers
51
Mission

ESTABLISHED BY SOYBEAN FARMERS IN 1962, THE MINNESOTA SOYBEAN GROWERS ASSOCIATION (MSGA) IS A NON-PROFIT, FARMER-CONTROLLED MEMBERSHIP ORGANIZATION AIMED AT MONITORING GOVERNMENT POLICIES, SUPPORTING RESEARCH ACTIVITIES AND MARKET DEVELOPMENT ACTIVITIES TO IMPROVE THE PROFITABILITY OF SOYBEAN FARMERS THROUGHOUT THE STATE.

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Chief Executive Officer
25th percentile to median
$43k
$47k
Chief Financial Officer
25th percentile to median
$30k
$34k
Sr. Director of Technical Operations
Below 10th percentile
$23k
$25k
Director of Market Develop
Highest Compensated Employee
Below 10th percentile
$22k
$25k
Executive Director
10th to 25th percentile
$18k
$20k
Executive Director - Ssga
10th to 25th percentile
$15k
$17k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 45 unpaid individuals.

Up 11%
from 2022

From $38k in 2022 to $43k in 2023.

$38k
2022
$43k
2023
In today's dollarsEst.
Up 7% in real terms$44k to $47k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 11% from 2022 to 2023, while revenue rose 19%.

$38k in 2022 to $43k in 2023.
  • Chief Financial Officer pay rose 17% from 2022 to 2023.
  • Highest Compensated Employee pay rose 9% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MINNESOTA SOYBEAN GROWERS ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$1.2M
$1.2M
2022
$1.4M
$1.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about MINNESOTA SOYBEAN GROWERS ASSOCIATION

What does the Chief Executive Officer of MINNESOTA SOYBEAN GROWERS ASSOCIATION earn?

In 2023, the Chief Executive Officer of MINNESOTA SOYBEAN GROWERS ASSOCIATION received $42,611 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MINNESOTA SOYBEAN GROWERS ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MINNESOTA SOYBEAN GROWERS ASSOCIATION falls between the 25th percentile and the median.

What are MINNESOTA SOYBEAN GROWERS ASSOCIATION's revenue and expenses?

In 2023, MINNESOTA SOYBEAN GROWERS ASSOCIATION reported $1.4M in total revenue and $1.6M in total expenses on its IRS Form 990.

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