Kansas Wheat Alliance Inc
- Assets
- $1.7m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Manhattan, KS
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1118529
Organization Overview
Kansas Wheat Alliance Inc is located in Manhattan, KS. The organization was established in 2008. 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. Kansas Wheat Alliance Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Kansas Wheat Alliance Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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.
Since 2016, Kansas Wheat Alliance Inc has awarded 15 individual grants totaling $1,901,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KANSAS WHEAT ALLIANCE STRENGTHENS THE WHEAT INDUSTRY BY FUNDING RESEARCH TO IMPROVE WHEAT VARIETIES AND ENSURING THE AVAILABILITY OF QUALITY SEED WHILE PROMOTING STEWARDSHIP OF THESE FAVORABLE TRAITS TO BENEFIT FARMERS AND CONSUMERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INITIATED AND MAINTAINED LICENSE AGREEMENTS FOR THE ORDERLY DISTRIBUTION OF WHEAT VARIETIES THAT PROVIDE ACCESS TO ADVANCEMENTS AND NEW TECHNOLOGY FOR FARMERS. 92 LICENSES ARE MAINTAINED THAT MARKET WHEAT SEED TO 108 MEMBERS IN FOUR STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryl Strouts CEO And President | Officer | 40 | $117,734 |
Shawun Ohlde Chairman | OfficerTrustee | 2 | $0 |
Kyler Millershaski Vice-Chair | OfficerTrustee | 1 | $0 |
Christopher Brandt Secretary / Treasurer | OfficerTrustee | 1 | $0 |
Dustin Miller Board Member | Trustee | 1 | $0 |
Martin Draper Board Member | 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 | $46,446 |
| Investment income | $5,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $977,195 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $72 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,029,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,178 |
| 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. | $137,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,215 |
| Other employee benefits | $10,044 |
| Payroll taxes | $7,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,922 |
| Fees for services: Accounting | $4,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,123 |
| Advertising and promotion | $71,972 |
| Office expenses | $4,262 |
| Information technology | $0 |
| Royalties | $390,878 |
| Occupancy | $1,200 |
| Travel | $6,851 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,242 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,874 |
| All other expenses | $0 |
| Total functional expenses | $1,038,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,199 |
| Savings and temporary cash investments | $1,194,072 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,401 |
| 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 | $3,087 |
| Investments—publicly traded securities | $188,145 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,705,904 |
| Accounts payable and accrued expenses | $436,220 |
| Grants payable | $75,000 |
| Deferred revenue | $8,800 |
| 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 | $520,020 |
| Net assets without donor restrictions | $1,185,884 |
| 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 | $1,705,904 |
Grants Awarded
Over the last fiscal year, Kansas Wheat Alliance Inc has awarded $340,033 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Manhattan, KS PURPOSE: Wheat Research Project | $330,033 |
Manhattan, KS PURPOSE: Wheat Research Project | $10,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Kansas Farm Bureau Manhattan, KS | $113,719,164 | $13,754,272 |
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |
Oklahoma Beef Industry Council Oklahoma City, OK | $1,793,159 | $4,382,142 |
Missouri Farm Bureau Federation 1616 Missouri Blvd Jefferson City, MO | $26,099,278 | $6,710,697 |
Oklahoma Farm Bureau Oklahoma City, OK | $8,003,779 | $5,177,259 |
Missouri Soybean Assn Jefferson City, MO | $9,000,257 | $4,021,362 |
Nebraska Beef Council Kearney, NE | $3,014,074 | $3,736,619 |
Us Farming And Ranching Foundation Chesterfield, MO | $2,674,146 | $3,995,335 |
Wool Trust Foundation Centennial, CO | $2,341,215 | $3,264,496 |