2023-12-22T07:45:24-06:00 2023-09-30 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2022-10-01 371420618 INDIANA CORN MARKETING COUNCIL INDI 3173473620 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 46240 CHANTEL RAMMEL CHIEF OPERATING OFFICER 3173473620 2023-11-30 1 CHANTEL RAMMEL 999009999 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2023-11-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CHANTEL RAMMEL 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 46240 5148990 0 X WWW.INCORN.ORG X UNINCORPORATED 1986 IN THE INDIANA CORN MARKETING COUNCIL ("ICMC") WORKS TO PROMOTE INNOVATIVE SOLUTIONS TO GROW THE VALUE OF CORN IN INDIANA FROM SEED TO CONSUMER. THE INDIANA GENERAL ASSEMBLY, RECOGNIZING THE IMPORTANCE OF CORN TO THE ECONOMY OF THE STATE, ENACTED THE INDIANA CORN MARKET DEVELOPMENT STATUTE, CURRENTLY CODIFIED IN IND. CODE 15-15-12 ("THE STATUTE") WHICH REQUIRES A CHECKOFF ASSESSMENT ON CERTAIN TYPES OF CORN MARKETED IN THE STATE OF INDIANA. THE ICMC IS A PUBLIC BODY CORPORATE AND POLITIC ORGANIZATION LOCATED IN INDIANAPOLIS, INDIANA ESTABLISHED TO FACILITATE THE CORN CHECKOFF ASSESSMENT PROGRAM IN INDIANA AND COMMUNICATE INFORMATION RELATING TO THE CONDUCT, IMPLEMENTATION, OR RESULTS OF PROMOTION, RESEARCH, AND MARKET DEVELOPMENT ACTIVITIES RELATING TO CORN TO APPROPRIATE STAKEHOLDERS. PROCEEDS OF THE CHECKOFF ASSESSMENT MAY NOT BE USED TO INFLUENCE LEGISLATION OR GOVERNMENTAL ACTION OR POLICY. 17 17 0 28 0 0 10500 0 5142509 5068235 10383 79885 3829 870 5167221 5148990 1687842 1379391 0 0 0 0 0 0 0 4146160 4437705 5834002 5817096 -666781 -668106 5137582 4244161 1300732 1075417 3836850 3168744 X THE INDIANA CORN MARKETING COUNCIL ("ICMC") WORKS TO PROMOTE INNOVATIVE SOLUTIONS TO GROW THE VALUE OF CORN IN INDIANA FROM SEED TO CONSUMER. THE INDIANA GENERAL ASSEMBLY, RECOGNIZING THE IMPORTANCE OF CORN TO THE ECONOMY OF THE STATE, ENACTED THE INDIANA CORN MARKET DEVELOPMENT STATUTE, CURRENTLY CODIFIED IN IND. CODE 15-15-12 ("THE STATUTE") WHICH REQUIRES A CHECKOFF ASSESSMENT ON CERTAIN TYPES OF CORN MARKETED IN THE STATE OF INDIANA. THE ICMC IS A PUBLIC BODY CORPORATE AND POLITIC ORGANIZATION LOCATED IN INDIANAPOLIS, INDIANA ESTABLISHED TO FACILITATE THE CORN CHECKOFF ASSESSMENT PROGRAM IN INDIANA AND COMMUNICATE INFORMATION RELATING TO THE CONDUCT, IMPLEMENTATION, OR RESULTS OF PROMOTION, RESEARCH, AND MARKET DEVELOPMENT ACTIVITIES RELATING TO CORN TO APPROPRIATE STAKEHOLDERS. PROCEEDS OF THE CHECKOFF ASSESSMENT MAY NOT BE USED TO INFLUENCE LEGISLATION OR GOVERNMENTAL ACTION OR POLICY. 0 0 SEE SCHEDULE O.THE OVERALL MISSION OF THE INDIANA CORN MARKETING COUNCIL IS TO PROMOTE INNOVATIVE SOLUTIONS TO GROW THE VALUE OF CORN IN INDIANA FROM SEED TO CUSTOMER. TO ACCOMPLISH THIS MISSION, IN 2021 THE ICMC BOARD OF DIRECTORS ADOPTED A NEW STRATEGIC PLAN WHICH PROVIDES A GUIDELINE FOR ACTIVITIES THROUGH FISCAL YEAR 2024. THE BOARD MODIFIED THIS PLAN IN AUGUST 2023 TO INCLUDE NEW INDIANA BASED EVALUATION METRICS TO BE USED FOR PROJECTS COMMENCING IN FISCAL YEAR 2025. THE FOCUS AREAS OF THE PLAN REMAIN UNCHANGED. THE BASIS OF THIS PLAN WAS DEVELOPED FROM SOURCES WHICH INCLUDED: INPUT FROM INDUSTRY LEADERS, BOARD MEMBERS, FORMER BOARD MEMBERS AND THE EXPERIENCES OF ISA STAFF AND RESULTS FROM THE PRIOR STRATEGIC PLAN. THIS STRATEGIC PLAN HAS FOUR OVERALL STRATEGIC FOCUS AREAS THAT GUIDE ICMC'S INVESTMENT OF PRODUCER CHECKOFF DOLLARS. THE FOUR FOCUS AREAS ARE MARKET DEVELOPMENT, SUSTAINABILITY, VALUE CREATION AND PRODUCER ENGAGEMENT. MARKET DEVELOPMENT: MARKET DEVELOPMENT HAS ONE STRATEGIC OBJECTIVE. THE OBJECTIVE IS TO INCREASE MARKET ACCESS AND GROW INTERNATIONAL AND DOMESTIC DEMAND FOR CORN IN ALL FORMS. ICMC ACCOMPLISHES THIS BY INVESTING IN INITIATIVES TO INCREASE EXPORTS TO TARGETED COUNTRIES SUCH AS MEXICO, VIETNAM, INDIA, COLOMBIA, SOUTH KOREA AND JAPAN AND INCREASING ETHANOL INFRASTRUCTURE SUPPORT AND PROMOTIONAL ACTIVITIES.SUSTAINABILITY: SUSTAINABILITY HAS THREE STRATEGIC OBJECTIVES. THE FIRST OBJECTIVE IS TO CONTINUE TO INCREASE THE NUMBER OF ACRES IN INDIANA UTILIZING SUSTAINABLE PRODUCTION PRACTICES BY MEETING TARGETS OF NUTRIENT LOSS REDUCTION GOALS IN INDIANA. THE SECOND OBJECTIVE IS TO EXPAND REACH TO STRENGTHEN CONSUMERS' PERCEPTIONS AND INCREASE COMMUNITY AWARENESS REGARDING FARM SUSTAINABILITY PRACTICES. THE THIRD OBJECTIVE IS TO SUPPORT EFFORTS THAT REDUCE PRODUCTION AND INPUT COSTS AND IMPROVE ON-FARM PROFITABILITY. THE INITIATIVES UNDER THIS OBJECTIVE ARE IDENTIFYING OPPORTUNITIES TO IMPROVE ON-FARM PROFITABILITY AND SEEK NON-TRADITIONAL VALUE GENERATION.VALUE CREATION: VALUE CREATION HAS ONE STRATEGIC OBJECTIVE. THE OBJECTIVE IS TO DEVELOP NEW VALUE-ADDED MARKETS AND PRODUCTS FROM CORN IN ALL FORMS. THE INITIATIVES IN THIS AREA INCLUDE PROJECTS THAT DEVELOP NEW TECHNOLOGIES IN FOOD, BEVERAGE AND INDUSTRIAL MARKETS AND FACILITATE REGULATORY APPROVAL FOR CORN PRODUCTS. PRODUCER ENGAGEMENT: THE BACKBONE OF THIS OBJECTIVE IS PROVIDING INFORMATION TO THE INDIANA PRODUCERS WE SERVE. THE FIRST OBJECTIVE IS TO INCREASE AWARENESS AND UNDERSTANDING OF THE CHECKOFF PROGRAMS AND THE RETURN ON INVESTMENT (ROI) FOR INDIANA CORN FARMERS. THE SECOND OBJECTIVE IS TO CREATE ADDITIONAL OPPORTUNITIES FOR FARMERS TO ENGAGE WITH ICMC ASIDE FROM JOINING THE BOARD. IN ADDITION TO THE FOUR STRATEGIC OBJECTIVES ABOVE, A SUCCESSFUL ORGANIZATION MUST INVEST IN INFRASTRUCTURE (PERSONNEL, MARKETING, AND TECHNOLOGY), ESTABLISH SOUND FISCAL AND FIDUCIARY MANAGEMENT PRACTICES, AND DEVELOP OUR BOARD MEMBERS TO BE LEADERS WITHIN INDIANA AGRICULTURE AND WITH NATIONAL AGRICULTURAL ORGANIZATIONS. THE FOLLOWING OBJECTIVES FIT INTO THIS CATEGORY. ORGANIZATION, BOARD MANAGEMENT AND GENERAL MARKETING: THIS OBJECTIVE CONTAINS EXPENSES FOR BOARD MEETINGS, LEADERSHIP AND EDUCATIONAL DEVELOPMENT, BASE INFRASTRUCTURE FOR MARKETING EFFORTS, AND PROGRAM MANAGEMENT OF THE BOARD.NATIONAL CORN GROWERS ASSOCIATION (NCGA): NCGA POOLS RESOURCES FROM CORN PRODUCING STATES TO ADVANCE CHECKOFF PROGRAMS RELATED TO CORN. THEY DO THIS BY SUPPORTING PROGRAMS REVIEWED AND APPROVED BY FARMER AND STAFF LED ACTION TEAMS. CHECKOFF DOLLARS GIVEN TO NCGA BY ICMC CANNOT BE USED FOR NCGA'S ADVOCACY EFFORTS. ICMC ADMINISTRATION: THIS OBJECTIVE ENSURES COMPLIANCE WITH THE INDIANA CORN MARKET DEVELOPMENT LAW AND THE GOVERNANCE OF ICMC. INCLUDED IN THESE ACTIVITIES ARE BOARD ELECTIONS AND INVESTMENTS IN PROCESSES FOR REMITTANCES FROM FIRST PURCHASERS OF CORN IN INDIANA AND THE PERIODIC AUDITING OF THOSE FIRST PURCHASERS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 114 0 1 0 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IN X ANNA MCCONNELL 3176140120 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 46240 X PAUL HODGEN PRESIDENT 2.00 X X 0 0 0 JR ROESNER TREASURER 2.00 X X 0 0 0 TIM GAUCK VICE PRESIDENT 2.00 X X 0 0 0 DAVID RING SECRETARY 2.00 X X 0 0 0 JOHN ADAM JR DIRECTOR 2.00 X 0 0 0 MIKE BEARD DIRECTOR 2.00 X 0 0 0 SUSAN BROCKSMITH DIRECTOR 2.00 X 0 0 0 NATASHA COX DIRECTOR 2.00 X 0 0 0 SARAH DELBECQ DIRECTOR 2.00 X 0 0 0 RON HENSLEY DIRECTOR 2.00 X 0 0 0 JANIS HIGHLEY DIRECTOR 2.00 X 0 0 0 MATTHEW LUCAS DIRECTOR 2.00 X 0 0 0 MICHAEL MORROW DIRECTOR 2.00 X 0 0 0 JERRY OSTERHOLT DIRECTOR 2.00 X 0 0 0 ADAM SHELLER DIRECTOR 2.00 X 0 0 0 KELLY WHITEMAN SNIPES DIRECTOR 2.00 X 0 0 0 JON SPARKS DIRECTOR 2.00 X 0 0 0 COURTNEY KINGERY CHIEF EXECUTIVE OFFICER 17.00 X 0 0 0 0 0 0 0 0 0 0 INDIANA SOYBEAN ALLIANCE INC 8425 KEYSTONE CROSSING SUITE 200 INDIANAPOLIS IN 46240 MANAGEMENT SERVICES 990979 1 CORN CHECK-OFF ASSESSM 900099 5068235 5068235 5068235 79885 79885 LATE FEES - CORN CHECK 900099 870 870 870 5148990 5069105 0 79885 X 1379391 990979 644 43888 762611 256650 29523 290202 91995 4889 SPONSORSHIPS AND AWARDS 1406599 CORN CHECK-OFF REFUNDS 235426 HANDLING FEES 136945 PROJECT SUPPLIES 97072 90282 5817096 5067859 4226646 22558 816 47165 16699 0 5137582 4244161 668003 582782 632729 492635 1300732 1075417 X 3836850 3168744 3836850 3168744 5137582 4244161 -668106 0 X X 0 1 X 1 0 0 4776619 0 4776619 372371 372371 5148990 5444725 0 5444725 372371 372371 5817096 PART XI, LINE 4B - OTHER ADJUSTMENTS: FIRST PURCHASER HANDLING FEES 136,945. CORN CHECK-OFF REFUNDS 235,426. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIRST PURCHASER HANDLING FEES 136,945. CORN CHECK-OFF REFUNDS 235,426. 1 PURDUE UNIVERSITY 406 W STATE STREET WEST LAFAYETTE IN 47907 356002041 GOVT 541113 0 ICMC FUNDS A VARIETY OF GRANTS WITH PURDUE UNIVERSITY PERTAINING TO CORN PRODUCTION RESEARCH CENTRAL INDIANA CORPORATE PARTNERSHIP 1210 WATERWAY BLVD SUITE 500 INDIANAPOLIS IN 46202 352065459 27832 0 RESEARCH USA POULTRY & EGG EXPORT COUNCIL 2300 WEST PARK PLACE BLVD SUITE 100 STONE MOUNTAIN GA 30087 581636513 GOVT 146509 0 RESEARCH US MEAT EXPORT FEDERATION PO BOX 5722 DENVER CO 80217 521067268 117186 0 RESEARCH INDIANA UNIVERSITY PO BOX 500 BLOOMINGTON IN 47402 356001673 GOVT 20000 0 RESEARCH US GRAINS COUNCIL 20 F ST NW SUITE 600 WASHINGTON DC 20001 530260714 GOVT 333575 0 RESEARCH UNIVERSITY OF NOTRE DAME 940 GRACE HALL NOTRE DAME IN 46556 350868188 GOVT 42500 0 RESEARCH CATALYXX INC 17715 HORNBEAN DR WILDWOOD MO 63005 823412301 150676 0 RESEARCH 5 PART I, LINE 2: THE GRANTS ARE REPORTED AND TRACKED INDIVIDUALLY IN THE ACCOUNTING SOFTWARE. ALL GRANT MONIES PAID DURING THE GRANT PERIOD AND THE END OF THE GRANT PERIOD ARE MONITORED. THE GRANTEE MUST PROVIDE AN END OF GRANT REPORT DETAILING OUTCOME OF MONIES SPENT. FORM 990, PART VI, SECTION A, LINE 3 THE COUNCIL HAS A MANAGEMENT AGREEMENT WITH INDIANA SOYBEAN ALLIANCE INC., AN UNRELATED 501(C)(6) ORGANIZATION, TO MANAGE THE DAILY ACTIVITY OF THE COUNCIL. THE CEO OF THE COUNCIL IS PAID BY INDIANA SOYBEAN ALLIANCE INC.'S PEO. FORM 990, PART VI, SECTION A, LINE 7A FARMERS MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BUDGET & FINANCE COMMITTEE WILL REVIEW AND RECOMMEND APPROVAL OF THE 990 PRIOR TO THE FORM BEING SUBMITTED TO THE FULL BOARD. THE 990 IS THEN REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CHIEF OPERATING OFFICER RECEIVES COMPLETED CONFLICT OF INTEREST FORMS ANNUALLY AND REVIEWS WITH SENIOR ORGANIZATIONAL LEADERS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE ANNUAL REPORT IS AVAILABLE UPON REQUEST AND IS POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART IX, LINE 11G CONSULTING 762,611. FORM 990, PART XII, LINE 1 THE ORGANIZATION PREPARES ITS FINANCIAL STATEMENTS ON A MODIFIED CASH BASIS OF ACCOUNTING. UNDER THAT BASIS, CORN CHECKOFF ASSESSMENTS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND FIRST PURCHASER HANDLING FEES AND REFUNDS ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THE MODIFIED CASH BASIS OF ACCOUNTING DIFFERS FROM ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PRIMARILY BECAUSE ICMC HAS NOT RECOGNIZED RECEIVABLES FOR CORN CHECKOFF ASSESSMENTS, ACCRUALS FOR ESTIMATED FIRST PURCHASER HANDLING FEES, ACCRUALS FOR ESTIMATED REFUNDS, AND THEIR RELATED EFFECTS ON THE CHANGE IN NET ASSETS. ICMC ACCRUES RESEARCH GRANTS IN WHICH ICMC HAS MINIMAL INVOLVEMENT ONCE THE BOARD APPROVES THE GRANT FOR FUNDING AND THE GRANT IS EXECUTED, RATHER THAN AT THE TIME THE EXPENSES ARE INCURRED. THESE EXPENSES, WHICH ARE CONSIDERED CONTRIBUTION TRANSACTIONS, ARE INCLUDED IN GRANTS EXPENSE. RESEARCH GRANTS IN WHICH ICMC HAS SIGNIFICANT INVOLVEMENT, WHICH ARE CONSIDERED EXCHANGE TRANSACTIONS, ARE EXPENSED AS INCURRED AND ARE INCLUDED IN CONSULTING FEES EXPENSE. FORM 990, PART XII,LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. FORM 990, PART VI, LINE 15A AND 15B THE COUNCIL DOES NOT HAVE ANY EMPLOYEES. THE COUNCIL PAYS A CONTRACTED FEE TO THE INDIANA SOYBEAN ALLIANCE INC. (ISA) FOR MANAGEMENT SERVICES INCLUDING WORK PERFORMED BY EMPLOYEES WHO ARE PAID BY A PEO. FORM 990, PART VII, SECTION A THE COUNCIL DOES NOT HAVE ANY EMPLOYEES. THE COUNCIL PAYS A CONTRACTED FEE TO THE INDIANA SOYBEAN ALLIANCE INC. (ISA) FOR MANAGEMENT SERVICES INCLUDING WORK PERFORMED BY EMPLOYEES PAID BY A PEO. THE CEO OF THE COUNCIL IS EMPLOYED BY THE PEO AND RECEIVES ZERO COMPENSATION FROM THE COUNCIL. FORM 990, PART X, LINE 27 $1,754,862 OF THE NET ASSETS HAVE BEEN DESIGNATED BY THE BOARD FOR FUTURE PROJECTS.