2017-08-10T09:56:30-05:00 2016-09-30 201717681 SOMERSET CPAS PC 3925 RIVER CROSSING PKWY INDIANAPOLIS IN 46240 990 2015-10-01 453723947 SOY AQUACULTURE ALLIANCE INC SOYA 3173473620 8425 KEYSTONE CROSSING NO 200 INDIANAPOLIS IN 462404323 BRIDGET OWEN EXECUTIVE DIRECTOR 3173473620 2017-08-02 1 MATTHEW W UTTERBACK CPA P00176537 3174722200 2017-08-02 2015 2021-01-29 14:40:06Z BRIDGET OWEN 8425 KEYSTONE CROSSING NO 200 INDIANAPOLIS IN 462404323 938152 0 X WWW.SOYAQUAALLIANCE.COM X 2011 IN TO INCREASE SOYBEAN DEMAND, TO CONDUCT PROMOTION, RESEARCH, CONSUMER EDUCATION, PRODUCER EDUCATION, INDUSTRY INFORMATION PROGRAMS AND MARKET DEVELOPMENT ACTIVITIES IN RELATION TO THE USE OF SOYBEANS AND SOY PRODUCTS IN AQUACULTURE, TO SUPPORT THE DEVELOPMENT OF SOY-BASED AQUAFEEDS, AND TO TRANSACT ANY AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED UNDER THE ACT, PROVIDED SUCH BUSINESS IS NOT INCONSISTENT WITH THE CORPORATION BEING ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. 14 14 0 16 0 0 340000 355000 477987 582888 357 264 0 0 818344 938152 0 0 0 0 0 0 0 0 0 819192 889042 819192 889042 -848 49110 474020 426524 380596 283990 93424 142534 X TO INCREASE SOYBEAN DEMAND, TO CONDUCT PROMOTION, RESEARCH, CONSUMER EDUCATION, PRODUCER EDUCATION, INDUSTRY INFORMATION PROGRAMS AND MARKET DEVELOPMENT ACTIVITIES IN RELATION TO THE USE OF SOYBEANS AND SOY PRODUCTS IN AQUACULTURE, TO SUPPORT THE DEVELOPMENT OF SOY-BASED AQUAFEEDS, AND TO TRANSACT ANY AND ALL LAWFUL BUSINESS FOR WHICH CORPORATIONS MAY BE INCORPORATED UNDER THE ACT, PROVIDED SUCH BUSINESS IS NOT INCONSISTENT WITH THE CORPORATION BEING ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES. 0 0 AS DETAILED ABOVE, SAA'S PURPOSE IS FOCUSED ON INCREASING THE MARKET FOR SOYBEANS IN PARTICULAR, SAA WILL FOCUS ON SOY-BASED AQUACULTURE FEEDS. THE DEVELOPMENT OF SOY-BASED AQUAFEEDS IS CRITICAL FOR THE FUTURE OF FOOD SOURCES, SPECIFICALLY WITH RESPECT TO FISH AS A FOOD SOURCE. WILD-CAUGHT FISHERIES CANNOT SUSTAIN THE INCREASING PRESSURE OF GLOBAL SEAFOOD DEMANDS BY 2030; AN ADDITIONAL 50 MILLION TONS OF FISH PER YEAR WILL BE NEEDED TO MAINTAIN CURRENT LEVELS OF SEAFOOD CONSUMPTION. WILD FISH CAPTURE REACHED ITS MAXIMUM VOLUME CAP IN THE MID-1980S AND CANNOT GROW TO MEET THIS INCREASED DEMAND. RESPONSIBLE FISH FARMING IS THE ONLY WAY TO BRIDGE THE GAP BETWEEN THE WILD SUPPLY SHORTFALL, CRITICAL CONSUMER DEMAND, AND HEALTH NEEDS. INCREASING THE AVAILABILITY OF SOY-FED, FARM-RAISED FISH CAN HELP FULFILL THIS GROWING NEED WHILE CONSERVING NATURAL RESOURCES SOYBEANS ARE ONE OF THE WORLD'S BEST NON-FISH SOURCES OF ESSENTIAL OMEGA-3 FATTY ACIDS, HEALTHY PROTEINS, AND UNSATURATED FATS. HIGH-QUALITY SOY PROTEIN IS FED TO FARMED FISH AND SHELLFISH, TO SUPPORT THEIR GROWTH AND HEALTHY DEVELOPMENT. SOYBEAN MEAL, SOY PROTEIN CONCENTRATES, SOYBEAN OIL, AND OTHER VEGETABLE PROTEINS AND OILS, CAN REPLACE FROM ONE THIRD TO ONE HUNDRED PERCENT OF THE FISHMEAL IN FEEDS FOR MANY FARMED SPECIES, REDUCING THE NEED FOR WILD-CAUGHT FISH FOR FISHMEAL. MOREOVER, SOYBEAN MEAL COSTS SIGNIFICANTLY LESS THAN MOST ANIMAL MEALS, INCLUDING FISH MEAL. REDUCING FEED COST IS CRITICAL TO IMPROVING EFFICIENCY AND MAINTAINING SUSTAINABILITY IN AQUACULTURE OPERATIONS BECAUSE THE NUTRIENT REQUIREMENTS OF FARMED FISH AND SHELLFISH ARE SO COMPLEX, EACH FEED RATIO IS FORMULATED BASED ON THE INDIVIDUAL SPECIES' NEEDS. MOST FARM-RAISED FISH AND SHELLFISH CAN EASILY DIGEST SOYMEAL, WHICH HELPS THE FISH MORE EFFICIENTLY TRANSFORM INGESTED PROTEIN INTO BODY WEIGHT. SOYBEAN MEAL PROVIDES A CONSISTENT PRODUCT TO FISH FARMERS, WHICH IN TURN ALLOWS FARMERS TO SUPPLY CONSUMERS, CHEFS, AND OTHERS WITH FISH AND SHRIMP OF CONSISTENT QUALITY, SIZE, AND SUPPLY WHILE IN ITS FORMATIVE STAGES. ALL ACTIVITIES SAA UNDERTAKES WILL BE FOCUSED ON PROMOTING THE FEED-BASED AQUACULTURE INDUSTRY. THERE HAVE BEEN THREE SPECIFIC ACTIVITIES THAT SAA WILL FOCUS ON (1) RESEARCH AND DEVELOPMENT OF THE SOY-BASED AQUACULTURE INDUSTRY, (2) EDUCATION AND OUTREACH OF THE AQUACULTURE AND SEAFOOD INDUSTRY, AND (3) FOCUSING ON SAA'S AND THE SOY AQUACULTURE'S INFRASTRUCTURE RESEARCH AND DEVELOPMENT. WHILE THE SOY AQUACULTURE INDUSTRY HAS A VERY POSITIVE FUTURE AS A VIABLE AND SUSTAINABLE FOOD SOURCE, SIGNIFICANT DEVELOPMENT OF THE INDUSTRY IS REQUIRED. SAA WILL FOCUS ON THE DEVELOPMENT OF SOY-BASED AQUACULTURE AS A VIABLE FOOD SOURCE, INCLUDING THE DEVELOPMENT OF NEW VARIETIES OF SOYBEANS GEARED FOR AQUACULTURE AND UTILIZING GENETIC SELECTION TO DEVELOP A DOMESTICATED BROOD STOCK THAT THRIVES ON PLANT-BASED FEEDS A CENTRAL COMPONENT OF SAA'S PROGRAMS WILL FOCUS ON FUNDING RESEARCH. SAA WILL WORK WITH THE SOY AQUACULTURE INDUSTRY AS A WHOLE TO SUPPORT NEEDED RESEARCH. SAA DEVELOPED A PEER REVIEW PANEL TO SET RESEARCH PRIORITIES AND PROVIDE RECOMMENDATIONS TO THE SAA BOARD OF DIRECTORS REGARDING THE RESEARCH PROJECTS TO SUPPORT AND FUND. ALL RESEARCH PROJECTS SUPPORTED AND FUNDED BY SAA WILL BE DECIDED IN ACCORDANCE WITH SAA'S CONFLICT OF INTEREST POLICY ADDITIONALLY, ALL RESEARCH RESULTS WILL BE PUBLISHED ON A DATABASE THAT WILL BE PUBLICLY ACCESSIBLE THROUGH THE SAA WEBSITE, AND DEPENDING UPON THE NATURE OF THE RESEARCH, WILL BE PUBLISHED IN SCHOLARLY JOURNALS EDUCATION AND OUTREACH SAA WILL ALSO SERVE AS A FACILITATOR WITHIN THE AQUACULTURE AND SEAFOOD INDUSTRY TO HELP ENSURE ALL THE NECESSARY STAKEHOLDERS ARE COMMUNICATING AND INVOLVED IN FURTHERING THE INDUSTRY AS A WHOLE. SPECIFICALLY, SAA WILL HOST MEETINGS AND SPONSOR WORKSHOPS THAT WILL FOCUS ON BRINGING TOGETHER THE STAKEHOLDERS OF THE AQUACULTURE INDUSTRY, INCLUDING INVESTORS, PRODUCERS, AND GROWERS. THESE GATHERINGS WILL HELP ENSURE THAT THOSE INVOLVED IN THE INDUSTRY ARE COMMUNICATING AND DOING WHAT IS NECESSARY TO HELP ADVANCE THE INDUSTRY. IN ADDITION TO COMMUNICATION AND WORKSHOPS WITHIN THE AQUACULTURE INDUSTRY, SAA WILL FOCUS ON OUTREACH TO THE PUBLIC AS A WHOLE IN AN EFFORT TO PROMOTE THE SOY AQUACULTURE INDUSTRY SUCH ACTIVITIES ARE GEARED TOWARDS EDUCATING THE PUBLIC REGARDING THE BENEFITS OF SOY-BASED AQUACULTURE FEEDS, AND THE IMPACT THAT SUCH AN INDUSTRY CAN HAVE WITH RESPECT TO ASSISTING THE SUSTAINABILITY EFFORTS OF FISH AS A FOOD SOURCE. INFRASTRUCTURE IMPORTANTLY, SAA WILL ALSO DEVELOP INTERNAL METHODS TO TRACK THE SUCCESS OF ITS PROGRAMS AS WELL AS THE PROGRAMMING OF THE SOY-BASED AQUACULTURE INDUSTRY AS A WHOLE. SPECIFICALLY,SAA WILL CONDUCT SURVEYS TO MEASURE THE IMPACT OF ITS RESEARCH AND DEVELOPMENT PROGRAMS. THE PURPOSE OF SAA IS TO HELP ENSURE THE ADVANCEMENT OF THE SOY-BASED AQUACULTURE INDUSTRY. THIS TYPE OF TRACKING WILL HELP ENSURE THAT SAA'S PROGRAMMING IS EFFECTIVE, AND FURTHERMORE HELP EVALUATE THE MECHANISMS THAT WILL ASSIST IN MOVING THE SOY-BASED AQUACULTURE INDUSTRY FORWARD 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 0 0 0 IN X ANNA MCCONNELL 3173473620 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 462404323 X LAURIE ISLEY DIRECTOR 1.00 X 0 0 0 DOUG COREY DIRECTOR 1.00 X 0 0 0 DAN ROE DIRECTOR 1.00 X 0 0 0 MATT BAINBRIDGE DIRECTOR 1.00 X 0 0 0 EUGENE GOERING DIRECTOR 1.00 X 0 0 0 TIM SCATES DIRECTOR 1.00 X 0 0 0 SOUDER RANDY DIRECTOR 1.00 X 0 0 0 JOHN EMMERT DIRECTOR 1.00 X 0 0 0 DENNIS DELONG DIRECTOR 1.00 X 0 0 0 KENNETH MOORE DIRECTOR 1.00 X 0 0 0 JOHN WRAY TREASURER 1.00 X 0 0 0 SHELLEY MCDANIEL SECRETARY 1.00 X 0 0 0 BILL BAYLISS CHAIRMAN 1.00 X 0 0 0 GEORGE MARTIN VICE CHAIRMAN 1.00 X 0 0 0 BRIDGET OWEN EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 INDIANA SOYBEAN ALLIANCE INC 8425 KEYSTONE CROSSING 200 INDIANAPOLIS IN 462404323 MANAGEMENT SERVICE 180874 INTEGRATED AQUACULTURE INTERNATIONAL LLC PO BOX 609 HASTINGS NE 689020609 CONSULTING 140717 UNIVERSITY OF IDAHO 875 PERIMETER DRMS 3020 MOSCOW ID 838443020 CONSULTING 112158 3 355000 355000 CONSULTING REIMBURSEME 900099 582888 582888 582888 264 264 938152 582888 0 264 136105 3315 10320 2396 49409 8915 4541 PROJECT COSTS AND CONSU 657079 SPONSORSHIPS 10162 REGISTRATION FEES 5394 DUES & SUBSCRIPTIONS 1406 889042 9371 11147 171063 203155 265466 212222 28120 0 474020 426524 276552 236325 104044 47665 380596 283990 X 93424 142534 93424 142534 474020 426524 49110 0 X X 0 1 X 1 0 0 0 0 355000 5042 5042 5042 0 X 938152 0 938152 0 938152 889042 0 889042 0 889042 PART X, LINE 2: SAA IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)OF THE INTERNAL REVENUE CODE ACCOUNTING STANDARDS FOR INCOME TAXES PROVIDE DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS SAA EVALUATES ITS ACTIVITIES TO DETERMINE THAT IT IS IN COMPLIANCE WITH ITS TAX-EXEMPT PURPOSE SAA DOES NOT BELIEVE IT IS ENGAGED IN ANY ACTIVITIES THAT WOULD CREATE UNCERTAIN TAX POSITIONS FORM 990, PART VI, SECTION A, LINE 3 SOY AQUACULTURE ALLIANCE HAS A MANAGEMENT AGREEMENT WITH INDIANA SOYBEAN ALLIANCE, AN UNRELATED 501(C)(6) ORGANIZATION, TO MANAGE THE DAY-TO-DAY ACTIVITY OF SOY AQUACULTURE ALLIANCE. THE EXECUTIVE DIRECTOR OF SOY AQUACULTURE ALLIANCE IS A W-2 EMPLOYEE OF INDIANA SOYBEAN ALLIANCE. THE EXECUTIVE DIRECTOR'S W-2 SALARY IS INCLUDED IN THE MANAGEMENT FEES REPORTED ON FORM 990, PART VII, SECTION B. ALL MANAGEMENT DECISIONS ARE SUBJECT TO APPROVAL BY THE BOARD OF SOY AQUACULTURE ALLIANCE THERE ARE (2 OUT OF 16 TOTAL FOR SAA) SHARED BOARD MEMBERS BETWEEN THE TWO ORGANIZATIONS. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS THREE CLASSES OF MEMBERS CONSISTING OF CLASS A MEMBERS, CLASS B MEMBERS AND CLASS C MEMBERS. EACH CLASS A MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE (1) VOTE, EXERCISABLE IN PERSON OR BY PROXY, ON EACH MATTER SUBMITTED BY THE BOARD OF DIRECTORS TO THE MEMBERSHIP FOR A VOTE OF THE MEMBERS CLASS B AND CLASS C MEMBERS SHALL NOT HAVE VOTING RIGHTS FORM 990, PART VI, SECTION A, LINE 7A VOTING DIRECTORS SHALL BE APPOINTED TO THE BOARD OF DIRECTORS BY CLASS A MEMBERS TIER 1. CLASS A MEMBERS MAY APPOINT TWO DIRECTORS TIER 2. CLASS A MEMBERS MAY APPOINT ONE DIRECTOR. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS SHALL HIRE AN EXECUTIVE DIRECTOR FOR THE CORPORATION. UNDER SUCH TERMS AND CONDITIONS AS IT DEEMS PRUDENT, THE EXECUTIVE DIRECTOR SHALL MANAGE THE DAY-TO- DAY AFFAIRS OF THE CORPORATION AND PERFORM SUCH DUTIES AS CUSTOMARILY ATTEND THIS OFFICE OR ARE ASSIGNED BY THE BOARD. THE EXECUTIVE DIRECTOR SHALL BE RESPONSIBLE TO THE ENTIRE BOARD BUT SHALL REPORT DIRECTLY TO THE CHAIR. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE PREPARED ANNUALLY BY EXTERNAL AUDIT FIRM RELYING ON MANAGEMENT DATA TO COMPLETE THE FILING. THE RETURN WILL BE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BUDGET AND FINANCE COMMITTEE AFTER APPROVAL FROM THESE SOURCES. THE FULL 990 WILL BE PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE ASKED TO ABSTAIN FROM VOTING ON ANY MATTERS THAT MAY CAUSE A CONFLICT OF INTEREST FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART XII, LINE 2C: THE BUDGET AND FINANCE COMMITTEE IS RESPONSIBLE FOR THE OVERVIEW OF THE EXTERNAL AUDIT. THIS PROCESS HAS NOT BEEN CHANGED FROM THE PRIOR YEAR