New Varieties Development&managemen T Corp

Organization Overview

New Varieties Development&managemen T Corp is located in Maitland, FL. The organization was established in 2007. According to its NTEE Classification (C42) the organization is classified as: Garden Clubs, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Varieties Development&managemen T Corp is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.

For the year ending 07/2021, New Varieties Development&managemen T Corp generated $571.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $583.3k during the year ending 07/2021. While expenses have increased by 2.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AND MANAGE NEW CITRUS VARIETIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE A COMPREHENSIVE STRATEGIC PROCESS TO DEVELOP AND MANAGE NEW CITRUS VARIETIES FOR THE BENEFIT OF THE FLORIDA CITRUS GROWER AND INDUSTRY


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Vice Chairma
$0
J Peter Chaires
Executive Di
$0
Paul Koukos
Secrt/treas
$0
Rusty Banack
Director
$0
George Hamner
Director
$0
Frank Hunt
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $560,248
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$560,248
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $11,592
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 $571,840

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