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Filing year 2023

MINNESOTA SOYBEAN GROWERS ASSOCIATION

Mankato, Minnesota·EIN 51-0178016·5
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 · Schedule J · 6 reported individuals · Filing year 2023

Chief Executive Officer
$43k
$47k
Chief Financial Officer
$30k
$34k
Sr. Director of Technical Operations
$23k
$25k
Director of Market Develop
highest compensated employee
$22k
$25k
Executive Director
$18k
$20k
Executive Director - Ssga
$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.

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.
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