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Posts tagged ‘Ingredion’

16
Jan

Executive Compensation at the Corn Refiners Association

The Corn Refiners Association (CRA) is a Washington, DC-based non-profit, tax-exempt 501 (c) (6)  providing educational material and resources on corn and corn products.  A member-driven trade association, the CRA represents corn wet millers (companies that break corn kernels down into their component parts:  oil, starch, fiber, protein, by using water (as opposed to dry milling).

CRA has 6 member companies (Cargill, Archer Daniels Midland, Grain Processing Corp, Ingredion, Roquette America, and Tate & Lyles Americas) who pay membership dues totaling $9 million annually (note:  the website states there are 6 member companies but the Form 990 reports there are 4 member companies).

In 2018, CRA reported total revenue of $9.2 million and expenses of $6.6 million, which means $2.6 million was left unspent and allocated to the general fund which had $7.5 million at year-end (up from $4.9 million at the beginning of the year). Read more »