Agriinstitute Inc
- Assets
- $606.0k
- Revenue
- $289.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Danville, IN
- Founding
- 04/1983
- Data as of
- 12/2021
- EIN
- 31-1054850
Organization Overview
Agriinstitute Inc is located in Danville, IN. The organization was established in 1983. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Agriinstitute Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agriinstitute 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 12/2021, Agriinstitute Inc generated $289.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $208.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 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
ADVANCE AGRICULTURE THROUGH LEADERSHIP DEVELOPMENT TRAINING. PROVIDE LEADERSHIP DEVELOPMENT TRAINING FOR AGRICULTURE AND RELATED INDUSTRIED
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERED SIX LEADERSHIP DEVELOPMENT SEMINARS FOR 30 INDIVIDUALS (PER SEMINAR) INVOLVED IN AGRICULTURE AND RURAL COMMUNITY DEVELOPMENT. PARTICIPANTS ARE FULL TIME PROFESSIONALS IN FARMING, EDUCATION, EXTENSION, AGRIBUSINESS, GOVERNMENTS SERVICES ROLES. EXPECTATION IS INCREASED LEADERSHIP INVOLVEMENT BY THESE INDIVIDUALS IN THEIR RESPECTIVE COMMUNITES, VARIOUS TRADE/INDUSTRY ROLES AND IN CIVIC ROLES.
PROVIDED EDUCATIONAL SEMINARS FOR INDUSTRY. ATTENDEES WERE PROVIDED WITH INFORMATION TO EXPAND THEIR KNOWLEDGE ON THE SUBJECT. EXPECTATION IS THAT ATTENDEES WILL BE BETTER INFORMED FOR POLICY AND RULE MAKING DECISION MAKING IN LOCAL COMMUNITIES AND STATE LEADERSHIP ROLES FOR INDUSTRY. SEMINARS WERE AVAILABLE TO ALL WHO ARE PROFESSIONALLY ACTIVE IN THE AGRICULTURAL INDUSTRY AND THOSE WHO SERVE INTERESTS OF RURAL COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Archer Executive Director | Officer | 60 | $86,337 |
Amir Faghih Board Member | Trustee | 3 | $0 |
Hannah Vorsilak Board Member | Trustee | 3 | $0 |
Don Lamb Vice Chairman | Trustee | 10 | $0 |
Aaron Goede Treasurer | Trustee | 10 | $0 |
James Hurst Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $135,326 |
| Fundraising events | $13,384 |
| Related organizations | $0 |
| Government grants | $11,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,746 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,706 |
| Total Program Service Revenue | $86,500 |
| Investment income | $512 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,065 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $289,783 |
| 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. | $62,709 |
| Compensation of current officers, directors, key employees. | $15,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $441 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,950 |
| Payroll taxes | $30,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,391 |
| 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 | $4,791 |
| Information technology | $2,591 |
| Royalties | $0 |
| Occupancy | $7,200 |
| Travel | $1,347 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $605 |
| All other expenses | $0 |
| Total functional expenses | $208,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,043 |
| 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 | $606,043 |
| Accounts payable and accrued expenses | $11,599 |
| 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 | $11,599 |
| Net assets without donor restrictions | $0 |
| 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 | $594,444 |
| Total liabilities and net assets/fund balances | $606,043 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Agriinstitute Inc has recieved totaling $23,620.
| Awarding Organization | Amount |
|---|---|
Central Indiana Community Foundation Inc Indianapolis, IN PURPOSE: 2021 Distribution | $10,120 |
Chs Foundation Inver Grove Heights, MN PURPOSE: INDIANA AGRICULTURAL LEADERSHIP PROGRAM | $10,000 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $2,500 |
Land O L Foundation St Paul, MN PURPOSE: MEMBER CO-OP MATCHES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |