2026-08-17T15:19:28-05:00 2025-09-30 421186197 GARDINER COMPANY PC 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2024-10-01 420894536 AGRIBUSINESS ASSOCIATION OF IOWA AGRI 5152628323 900 DES MOINES STREET DES MOINES IA 50309 JULIE KENNEY CEO 5152628323 2026-07-20 1 1 ROBERT BELL CPA P02410354 5152701446 2024 2025-03-06 01:10:19Z JULIE KENNEY 900 DES MOINES STREET DES MOINES IA 50309 1602259 0 X WWW.AGRIBIZ.ORG X CORPORATION 1964 IA THE AGRIBUSINESS ASSOCIATION OF IOWA EXISTS TO ADVOCATE COMMUNICATE AND EDUCATE ON BEHALF OF A PROFESSIONAL AGRIBUSINESS INDUSTRY. 17 17 8 0 481183 10380 782158 760264 687480 663762 9240 28327 2682 27050 1481560 1479403 0 0 0 0 729774 900189 0 0 431473 622250 538047 1352024 1438236 129536 41167 1172666 1164919 134953 86039 1037713 1078880 THE AGRIBUSINESS ASSOCIATION OF IOWA EXISTS TO ADVOCATE COMMUNICATE AND EDUCATE ON BEHALF OF A PROFESSIONAL AGRIBUSINESS INDUSTRY. 0 0 287647 161041 ADVOCACY AND EDUCATION FOR THE AGRIBUSINESS INDUSTRY BY PROVIDING MEMBERS WITH INFORMATION CONCERNING AGRICULTURAL BUSINESS ISSUES, NEWSLETTERS AND SEMINARS WITH AROUND 185 PAID MEMBERS. 287647 0 1 0 1 0 0 0 0 0 1 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 0 0 1 8 0 1 8 1 1 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JENNIFER GORDON 5152628323 900 DES MOINES STREET DES MOINES IA 50309 MARK WHITE PAST CHAIRMAN 5.00 X 0 0 0 JOEL NELSON CHAIR ELECT 5.00 X 0 0 0 KEVIN DRURY FOUNDATION REPRESENTATIVE 2.00 X 0 0 0 ROB COGDILL DIRECTOR 2.00 X 0 0 0 DANA GEE DIRECTOR 2.00 X 0 0 0 SCOTT BLACK DIRECTOR 2.00 X 0 0 0 CHRIS BEHRENS DIRECTOR 2.00 X 0 0 0 BILL BEUKEMA DIRECTOR 2.00 X 0 0 0 ERIC THUENTE DIRECTOR 2.00 X 0 0 0 TROY KOEHLER DIRECTOR 2.00 X 0 0 0 SCOTT LOVIN DIRECTOR 2.00 X 0 0 0 BRENT SCHWENNEKER DIRECTOR 2.00 X 0 0 0 KATIE STUTSMAN DITRECTOR 2.00 X 0 0 0 SARAH WINDHORST DIRECTOR 2.00 X 0 0 0 ERIK CHRISTIAN DIRECTOR 2.00 X 0 0 0 ROB DENSON EX-OFFICIO 2.00 X 0 0 0 JAY HARMON EX-OFFICIO 2.00 X 0 0 0 DAN ROBISON EX-OFFICIO 2.00 X 0 0 0 MARK MORRISSEY EX-OFFICIO 2.00 X 0 0 0 BILL BACKHAUS EX-OFFICIO 2.00 X 0 0 0 JAMES CORNELIUS EX-OFFICIO 2.00 X 0 0 0 JULIE KENNEY CEO 40.00 X 59470 0 5440 AL MUHLENBRUCK CHAIRMAN 5.00 X 0 0 0 KENT BENNIS TREASURER 2.00 X 0 0 0 RENEE HANSEN SECRETARY 2.00 X 0 0 0 BENJAMIN GLEASON DIRECTOR OF ASSOCIATIONS 40.00 X 121892 0 15414 TYLER TESKE DIRECTOR OF MARKETING 40.00 X 114987 0 22778 296349 0 43632 2 0 0 0 0 695040 65224 760264 MANAGEMENT AGREEMENTS 110000 478698 478698 EVENTS 110000 122856 122856 RENT 110000 19600 19600 EDUCATION 110000 16463 16463 INSURANCE 110000 16405 16405 9740 2122 2485 5133 663762 28327 28327 149906 65224 122856 27050 27050 1479403 161041 481183 76915 578864 115773 289432 173659 221725 44345 110862 66518 13043 2608 6522 3913 33444 6689 16721 10034 53113 10623 26556 15934 9709 1942 4854 2913 11075 2215 5537 3323 47082 9416 23541 14125 4971 994 2486 1491 72959 14591 36480 21888 5002 1000 2501 1501 84038 16808 42019 25211 16706 3341 8353 5012 17491 3498 8746 5247 37754 7551 18877 11326 19853 3971 9926 5956 17691 3538 8846 5307 UNRELATED BUSINESS INCO 3576 715 1788 1073 CONVENTION AND TRADE SH 95203 19041 47601 28561 COVER CROP PROJECT 61624 12325 30812 18487 GOLF OUTINGS 27654 5531 13827 8296 5659 1132 2829 1698 1438236 287647 719116 431473 516736 388202 285 15681 52379 117830 4821 4821 8440 9902 194197 147366 66683 46831 523322 581652 1172666 1164919 132077 81838 2876 4201 134953 86039 X 1037713 1078880 1037713 1078880 1172666 1164919 41167 0 X X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 695040 68864 -12743 56121 83405 -27284 194197 147366 46831 46831 RECEIVABLE AGRIBUSINESS ASSOCIATION FOUNDATION 581652 581652 SHOWCASE EXHIBITS 164504 43948 120556 2696 14950 63535 14021 GOLF OUTING 50626 21276 29350 792 20996 5866 215130 65224 149906 3488 35946 63535 19887 122856 27050 FORM 990, PART VI, SECTION A, LINE 6 ASSOCIATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B MAJOR CHANGES WOULD BE SUBJECT TO MAJOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE CEO AND CFO. COPIES ARE THEN DISTRIBUTED TO EXECUTIVE COMMITTEE FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY AND ANTI TRUST GUIDELINES ARE REVIEWED PERIODICALLY BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR KEY EMPLOYEES IS DETERMINED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 AN ANNUAL REPORT INCLUDING FINANCIAL STATEMENTS IS DISTRIBUTED TO MEMBERS. ALL DOCUMENTS ARE AVAILABLE AT THE ASSOCIATION OFFICE. FORM 990, PART XII, LINE 2C THE EXECUTIVE COMMITTEE THAT IS A SUBSET OF THE BOARD SELECTS THE INDEPENDENT ACCOUNTANT AND OVERSEES THE REVIEW. FORM 990, TAX EXEMPT STATUS I. PURPOSE OF THIS MEMORANDUM THIS MEMORANDUM IS PREPARED BY THE AGRIBUSINESS ASSOCIATION OF IOWA (THE "ASSOCIATION"), EIN 42-0894536, AND IS INTENDED TO ACCOMPANY THE ASSOCIATION'S FORM 990 FOR THE SEPTEMBER 30, 2025 TAX YEAR. THE PURPOSE OF THIS MEMORANDUM IS TO DOCUMENT THE REASON THIS RETURN IS BEING FILED REFLECTING IRC 501(C)(5) STATUS, AND TO AFFIRMATIVELY STATE THAT SUCH FILING DOES NOT REFLECT THE ASSOCIATION'S CORRECT EXEMPT STATUS CLASSIFICATION. II. CORRECT EXEMPT STATUS OF THE ASSOCIATION THE AGRIBUSINESS ASSOCIATION OF IOWA IS, AND HAS BEEN SINCE AT LEAST 1995, AN ORGANIZATION DESCRIBED IN IRC 501(C)(6). THE ASSOCIATION IS A TRADE ASSOCIATION WHOSE MEMBERS ARE BUSINESSES ENGAGED IN THE GRAIN, FEED, PLANT FOOD, CROP PRODUCTION, SEED, FARM SUPPLY, AND ALLIED INDUSTRIES. ITS ACTIVITIES ARE DIRECTED TO THE PROMOTION OF THE COMMON BUSINESS INTERESTS OF THE AGRIBUSINESS INDUSTRY - THE DEFINING CHARACTERISTIC OF A BUSINESS LEAGUE WITHIN THE MEANING OF IRC 501(C)(6) AND TREAS. REG. 1.501(C)(6)-1. THE ASSOCIATION'S ORGANIZING DOCUMENTS EXPRESSLY IDENTIFY 501(C)(6) AS ITS GOVERNING SUBSECTION: O ARTICLE IV OF THE ARTICLES OF INCORPORATION (AS ADOPTED PURSUANT TO THE MERGER PLAN FILED WITH THE IOWA SECRETARY OF STATE, SEPTEMBER 13, 1993) PROVIDES THAT THE ASSOCIATION SHALL NOT CONDUCT ANY ACTIVITIES NOT PERMITTED UNDER IRC 501(C)(6). O ARTICLE IV OF THE RESTATED ARTICLES OF INCORPORATION, DATED NOVEMBER 20, 1995 AND FILED WITH THE IOWA SECRETARY OF STATE, REPEATS THIS SAME LIMITATION. O ARTICLE II OF THE FIRST AMENDED AND RESTATED BYLAWS, ADOPTED SEPTEMBER 8, 2017, EXPLICITLY STATES: "THE CORPORATION IS ORGANIZED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE." THE ASSOCIATION IS NOT A LABOR, AGRICULTURAL, OR HORTICULTURAL ORGANIZATION DESCRIBED IN IRC 501(C)(5). ITS MEMBERS ARE NOT PRIMARILY ENGAGED IN CULTIVATING LAND, HARVESTING CROPS, OR RAISING LIVESTOCK. RATHER, ITS MEMBERS ARE COMMERCIAL ENTERPRISES THAT SUPPLY, HANDLE, AND MARKET THE PRODUCTS OF AGRICULTURE. III. IRS BUSINESS MASTER FILE ERROR AND E-FILE CONSTRAINT DESPITE THE ASSOCIATION'S CORRECT STATUS AS A 501(C)(6) ORGANIZATION, THE IRS BUSINESS MASTER FILE CURRENTLY REFLECTS AN ERRONEOUS SUBSECTION CODE OF 501(C)(5) FOR EIN 42-0894536. AS A RESULT OF THIS IRS SYSTEM ERROR, THE ASSOCIATION IS UNABLE TO ELECTRONICALLY FILE ITS FORM 990 AS A 501(C)(6) ORGANIZATION. WHEN THE RETURN IS TRANSMITTED REFLECTING THE ASSOCIATION'S CORRECT 501(C)(6) STATUS, THE IRS E-FILE SYSTEM REJECTS THE TRANSMISSION BECAUSE THE SUBSECTION CODE IN THE IRS DATABASE DOES NOT MATCH. TO MEET THE ASSOCIATION'S MANDATORY ELECTRONIC FILING OBLIGATION WHILE THE IRS MASTER FILE ERROR IS BEING CORRECTED, THIS RETURN HAS BEEN FILED REFLECTING THE 501(C)(5) CODE CURRENTLY CARRIED IN THE IRS SYSTEM. THIS FILING APPROACH IS COMPELLED SOLELY BY THE IRS E-FILE SYSTEM CONSTRAINT AND DOES NOT CONSTITUTE AN ADMISSION, ELECTION, OR REPRESENTATION THAT THE ASSOCIATION IS ORGANIZED UNDER OR EXEMPT PURSUANT TO IRC 501(C)(5). IV. CORRECTIVE ACTION UNDERWAY ON AUGUST 6, 2026, GARDINER + COMPANY SUBMITTED A FORMAL WRITTEN REQUEST TO THE IRS EXEMPT ORGANIZATIONS CORRESPONDENCE UNIT (ROOM 6-403, PO BOX 2508, CINCINNATI, OH 45201) REQUESTING CORRECTION OF THE ASSOCIATION'S SUBSECTION CLASSIFICATION IN THE BUSINESS MASTER FILE FROM 501(C)(5) TO 501(C)(6), AND A CORRESPONDING UPDATE TO THE IRS E-FILE RECORDS. SUPPORTING DOCUMENTATION SUBMITTED WITH THAT REQUEST INCLUDED: O THE MERGER PLAN OF IOWA FERTILIZER AND CHEMICAL ASSOCIATION, INC. AND IOWA GRAIN AND FEED ASSOCIATION, INCORPORATED, AS FILED WITH THE IOWA SECRETARY OF STATE ON SEPTEMBER 13, 1993; O THE RESTATED ARTICLES OF INCORPORATION OF AGRIBUSINESS ASSOCIATION OF IOWA, DATED NOVEMBER 20, 1995, AS FILED WITH THE IOWA SECRETARY OF STATE; AND O THE FIRST AMENDED AND RESTATED BYLAWS OF AGRIBUSINESS ASSOCIATION OF IOWA, ADOPTED SEPTEMBER 8, 2017. ONCE THE IRS CORRECTS THE BUSINESS MASTER FILE AND CONFIRMS THE CORRECTION IN WRITING, THE ASSOCIATION INTENDS TO FILE AN AMENDED FORM 990 REFLECTING ITS CORRECT 501(C)(6) EXEMPT STATUS FOR ANY YEAR(S) AFFECTED BY THIS ADMINISTRATIVE ERROR. V. CONCLUSION THE AGRIBUSINESS ASSOCIATION OF IOWA IS A 501(C)(6) ORGANIZATION. THIS FORM 990 REFLECTS A 501(C)(5) SUBSECTION CODE ONLY BECAUSE THE IRS BUSINESS MASTER FILE CONTAINS AN ERRONEOUS CLASSIFICATION THAT PREVENTS ELECTRONIC FILING UNDER THE CORRECT SUBSECTION. THE FILING IS MADE IN THIS MANNER SOLELY TO MEET THE ASSOCIATION'S MANDATORY E-FILE OBLIGATION PENDING CORRECTION OF THE IRS SYSTEM RECORD. ALL DATA REPORTED IN THIS RETURN IS ACCURATE AND CONSISTENT WITH THE ASSOCIATION'S OPERATIONS AS A 501(C)(6) BUSINESS LEAGUE. AGRIBUSINESS ASSOCIATION OF IOWA FOUNDATION 900 DES MOINES ST DES MOINES IA 50309 421515420 IA 501(C)(3) 0 IOWA NUTRIENT RESEARCH AND EDUCATION COUNCIL 900 DES MOINES ST DES MOINES IA 50309 472930044 IA 501(C)(3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0