Agriinstitute Inc
- Assets
- $578.5k
- Revenue
- $264.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Danville, IN
- Founding
- 04/1983
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, Agriinstitute Inc generated $264.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $289.4k during the year ending 12/2022. 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
2022
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 25 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 COMMUNITIES, 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 | $70,748 |
Julia Wickard Chairman | Trustee | 20 | $0 |
John Baugh Board Member | Trustee | 10 | $0 |
Amir Faghih Board Member | Trustee | 10 | $0 |
Peggy Naile Treasurer | Trustee | 20 | $0 |
Meredith Cobb Secretary | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $141,144 |
| Fundraising events | $13,734 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,433 |
| Total Program Service Revenue | $80,804 |
| Investment income | $1,180 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,942 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $264,359 |
| 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. | $67,148 |
| Compensation of current officers, directors, key employees. | $16,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,052 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,600 |
| Payroll taxes | $33,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,555 |
| Advertising and promotion | $0 |
| Office expenses | $3,308 |
| Information technology | $3,317 |
| Royalties | $0 |
| Occupancy | $7,300 |
| Travel | $3,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $605 |
| All other expenses | $0 |
| Total functional expenses | $289,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $351 |
| 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 | $578,522 |
| Accounts payable and accrued expenses | $7,630 |
| 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 | $7,630 |
| 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 | $570,892 |
| Total liabilities and net assets/fund balances | $578,522 |