Plains Grains Inc
- Assets
- $167.1k
- Revenue
- $136.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Stillwater, OK
- Founding
- 03/2007
- Data as of
- 06/2021
- EIN
- 20-0628307
Organization Overview
Plains Grains Inc is located in Stillwater, OK. The organization was established in 2007. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plains Grains Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Plains Grains Inc generated $136.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $125.0k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND SCIENTIFIC PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("IRC") OR ANY CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. IN ADDITION, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS A SUPPORTING ORGANIZATION, AS DEFINED IN IRC B' 509(A)(3), AND AS SUCH SHALL BE OPERATED, SUPERVISED OR CONTROLLED BY AND FOR THE BENEFIT OF THE ORGANIZATIONS DESCRIBED IN ARTICLE IV, A HEREOF, ALL OF WHICH ARE GOVERNMENTAL UNITS DESCRIBED IN IRC B' 170(B)(1)(A)(V) BY REASON OF BEING POLITICAL SUBDIVISIONS DESCRIBED IN IRC B' 170(C)(1). IN FURTHERANCE OF THIS PURPOSE, THE CORPORATION SHALL EDUCATE THE PUBLIC ABOUT UNITED STATES WHEAT AND AGRICULTURE THROUGH A NEWSLETTER, EXHIBITS, LECTURES, FILMS AND DEMONSTRATIONS AS WELL AS THROUGH RESEARCH, THE RESULTS OF WHICH SHALL BE AVAILABLE TO THE GENERAL PUBLIC THROUGH THE NEWSLETTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAINS GRAINS, INC. FACILITATES WHEAT QUALITY SURVEY FOR THE HARD RED WINTER WHEAT REGION OF THE UNITED STATES. IT IS PULLING SAMPLES FROM SEVEN STATES, INCLUDING: TEXAS, OKLAHOMA, KANSAS, COLORADO, NEBRASKA, SOUTH DAKOTA, AND MONTANA. ONCE SAMPLES HAVE BEEN COLLECTED, THEY ARE SENT TO WHEAT QUALITY LABS FOR TESTING. THE RESULTS FROM THESE TESTS ARE DISSEMINATED IN MULTIPLE WAYS. THEY ARE POSTED ON THE PLAINS GRAINS WEB SITE FOR PUBLIC ACCESS, A SUMMARY OF THE DATA IS PROVIDED TO U.S. WHEAT ASSOCIATES TO USE IN THEIR ANNUAL REPORTS, AND EACH STATE IS GIVEN THEIR INFORMATION TO DISTRIBUTE HOWEVER THEY LIKE. IN ADDITION TO ADMINISTERING THE WHEAT QUALITY SURVEY, PGI ALSO BUILDS RELATIONSHIPS AND SHARES DATA WITH BOTH DOMESTIC AND FOREIGN INDUSTRY MEMBERS TO PROMOTE THE USE OF U.S. HARD RED WINTER WHEAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Neal Hampton Director | Trustee | 1 | $0 |
Kelly Spitzer Director | Trustee | 1 | $0 |
Scott Mcgarraugh Director | Trustee | 1 | $0 |
Chris Kolstad Director | Trustee | 1 | $0 |
Les Peterson Chairman | Trustee | 1 | $0 |
Don Schieber Vice-Chairman | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $136,340 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $85,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $383 |
| Travel | $248 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,485 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,594 |
| All other expenses | $1,128 |
| Total functional expenses | $125,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $167,072 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $167,072 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $167,072 |
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