2025-01-31T07:46:05-06:00 2024-09-30 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2023-10-01 371420618 INDIANA CORN MARKETING COUNCIL INDI 3173473620 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 46240 CHANTEL RAMMEL CHIEF OPERATING OFFICER 3173473620 2025-01-31 1 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2025-01-31 2023 2025-03-06 01:10:19Z CHANTEL RAMMEL 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 46240 5340164 0 X WWW.INCORNANDSOY.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 PRODUCERS AND STAKEHOLDERS. PROCEEDS OF THE CHECKOFF ASSESSMENT MAY NOT BE USED TO INFLUENCE LEGISLATION OR GOVERNMENTAL ACTION OR POLICY. 17 17 0 27 0 0 0 0 5068235 5240385 79885 98450 870 1329 5148990 5340164 1379391 1286275 0 0 0 0 0 0 0 4437705 4153174 5817096 5439449 -668106 -99285 4244161 3879918 1075417 791883 3168744 3088035 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 PRODUCERS AND 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: IN FISCAL YEAR 2024, 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 THAT INCREASE EXPORTS TO TARGETED COUNTRIES SUCH AS VIETNAM, INDIA, MEXICO, CENTRAL, SOUTH AND LATIN AMERICA AND INCREASING ETHANOL INFRASTRUCTURE SUPPORT, EXPORTS, RESEARCH, INFORMATION AND PROMOTIONAL ACTIVITIES. SUSTAINABILITY: IN FISCAL YEAR 2024, 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: IN FISCAL YEAR 2024, 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: IN FISCAL YEAR 2024, THE BACKBONE OF THIS OBJECTIVE IS PROVIDING INFORMATION ON THE WORK DONE BY ICMC TO THE INDIANA PRODUCERS ICMC SERVES. THE FIRST OBJECTIVE IS TO INCREASE AWARENESS AND UNDERSTANDING OF THE CHECKOFF PROGRAMS AND THE RETURN ON INVESTMENT 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. PROMOTION AND BOARD OPERATIONS: 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. MANAGEMENT AND GENERAL ADMINISTRATION: THIS OBJECTIVE ENSURES COMPLIANCE WITH THE INDIANA CORN MARKET DEVELOPMENT LAW AND THE GOVERNANCE OF ICMC. INCLUDED IN THESE ACTIVITIES ARE BOARD ELECTIONS, APPROPRIATE BUSINESS INSURANCE, FINANCIAL AUDITS, ACCOUNTING 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 85 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 TIM GAUCK PRESIDENT 2.00 X X 0 0 0 MATTHEW LUCAS VICE PRESIDENT 2.00 X X 0 0 0 SUSAN BROCKSMITH SECRETARY 2.00 X X 0 0 0 RON HENSLEY TREASURER 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 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 PAUL HODGEN 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 DAVID RING DIRECTOR 2.00 X 0 0 0 JR ROESNER 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 15.00 X 0 0 0 CHANTEL RAMMEL CHIEF OPERATING OFFICER 10.00 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 1052601 1 CORN CHECK-OFF ASSESSM 900099 5240385 5240385 5240385 98450 98450 LATE FEES - CORN CHECK 900099 1329 1329 1329 5340164 5241714 0 98450 1286275 1052601 13596 21150 486884 291220 35050 211612 128796 5346 SPONSORSHIPS AND AWARDS 1403942 CORN CHECK-OFF REFUNDS 240957 HANDLING FEES 137938 DUES AND SUBSCRIPTIONS 74558 49524 5439449 4226646 3820324 816 24772 16699 34822 4244161 3879918 582782 493759 492635 298124 1075417 791883 X 3168744 3088035 3168744 3088035 4244161 3879918 -99285 18576 0 X X 0 1 X 1 0 0 4979845 18576 18576 4961269 378895 378895 5340164 5060554 0 5060554 378895 378895 5439449 PART XI, LINE 4B - OTHER ADJUSTMENTS: FIRST PURCHASER HANDLING FEES 137,938. CORN CHECK-OFF REFUNDS 240,957. PART XII, LINE 4B - OTHER ADJUSTMENTS: FIRST PURCHASER HANDLING FEES 137,938. CORN CHECK-OFF REFUNDS 240,957. 1 PURDUE UNIVERSITY 406 W STATE STREET WEST LAFAYETTE IN 47907 356002041 GOVT 389556 0 RESEARCH CENTRAL INDIANA CORPORATE PARTNERSHIP 1210 WATERWAY BLVD SUITE 500 INDIANAPOLIS IN 46202 352065459 501(C)(6) 35325 0 VALUE CREATION AND OTHER PROJECTS USA POULTRY & EGG EXPORT COUNCIL 2300 WEST PARK PLACE BLVD SUITE 100 STONE MOUNTAIN GA 30087 581636513 501(C)(6) 88948 0 MARKET DEVELOPMENT ACTIVITIES US MEAT EXPORT FEDERATION PO BOX 5722 DENVER CO 80217 521067268 501(C)(6) 114945 0 MARKET DEVELOPMENT ACTIVITIES 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 501(C)(6) 310000 0 RESEARCH AND MARKET DEVELOPMENT 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 120000 0 RESEARCH LAKRIL TECHNOLOGIES CORPORATION 40 E MAIN ST SUITE 998 NEWARK DE 19711 963114237 60000 0 RESEARCH STEPONE TECH AMERICA INC 330 EAST LIBERTY 4TH FLOOR ANN ARBOR MI 48104 364945034 100000 0 RESEARCH 5 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 SUMMARIZING GRANT OR PROJECT RESULTS AND ICMC WORKS TO COMMUNICATE THOSE RESULTS TO PRODUCERS AND STAKEHOLDERS AS APPROPRIATE 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 AND COO OF THE COUNCIL ARE 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 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 BUDGET AND FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT AND MAKES A RECOMMENDATION OF AN INDEPENDENT ACCOUNTANT TO THE ICMC BOARD OF DIRECTORS TO APPROVE. 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 AND COO OF THE COUNCIL ARE EMPLOYED BY THE PEO AND RECEIVES ZERO COMPENSATION FROM THE COUNCIL. FORM 990, PART X, LINE 27 $2,061,420 OF THE NET ASSETS HAVE BEEN DESIGNATED BY THE BOARD FOR FUTURE PROJECTS.