Indiana Crop Improvement Assn Inc
- Assets
- $5.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 133
- Location
- Lafayette, IN
- Founding
- 09/1958
- Data as of
- 04/2022
- EIN
- 35-0892904
Organization Overview
Indiana Crop Improvement Assn Inc is located in Lafayette, IN. The organization was established in 1958. 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 04/2022, Indiana Crop Improvement Assn Inc employed 133 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Indiana Crop Improvement Assn 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 04/2022, Indiana Crop Improvement Assn Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.9m during the year ending 04/2022. While expenses have increased by 4.7% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INDIANA CROP IMPROVEMENT ASSOCIATION IS THE OFFICIAL SEED CERTIFYING AGENCY FOR THE STATE OF INDIANA. ITS MISSION IS TO CARRY OUT THE RECORDKEEPING, FIELD INSPECTIONS, LABORATORY TESTING, POST CONTROL GROW OUT TESTS, ISSUANCE OF OFFICIAL CERTIFICATION LABELS, AND OTHER ACTIVITIES ASSOCIATED WITH THE CERTIFICATION OF SEEDS AND PLANT PARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INDIANA CROP IMPROVEMENT ASSOCIATION'S PRINCIPAL PROGRAM SERVICE IS OFFICIAL SEED CERTIFICATION. THE OBJECTIVE OF SEED CERTIFICATION IS TO PROVIDE SERVICES TO SEED PRODUCERS WHO THE MARKET CERTIFIED SEEDS TO FARMERS. THIS PROGRAM SERVICES INVOLVES THE MAINTENANCE OF RECORDS, FIELD INSPECTIONS, SEED TESTING, POST CONTROL GROW OUT TESTS FOR PURITY EVALUATIONS AND THE ISSUANCE OF CERTIFIED SEED LABELS FOR SEED MEETING THE OFFICIAL SEED CERTIFICATION STANDARDS. THE ASSOCIATION SERVED APPROXIMATELY 350 CLIENTS. APPROXIMATELY 140,000 SEED ACRES WERE INSPECTED AND 65,000 LABORATORY TESTS PERFORMED. ROUGHLY 1,200 FIELD GROW OUTS WERE CONDUCTED TO EVALUATE SEED LOT PURITY AND APPROXIMATELY 500,000 SEED LABELS WERE ISSUED. THE ASSOCIATION HELD AN ANNUAL MEETING OF ITS MEMBERS PROVIDING EDUCATION PROGRAMS AS WELL AS THE ANNUAL BUSINESS MEETING. OTHER EDUCATIONAL AND TRAINING MEETINGS AND SEMINARS WERE HELD AT THE ASSOCIATION'S HEADQUARTERS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Fung CEO | Officer | 40 | $213,704 |
John Zheng Cso | Officer | 40 | $154,778 |
Joe Deford COO | Officer | 40 | $143,203 |
Laura Donaldson Lab Director | 40 | $123,028 | |
Randall Barger It Manager | 40 | $104,198 | |
Marshall Martin Vice Preside | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simon Construction Contractor | 4/29/20 | $709,064 |
American Paving & Asphalt Contractor | 4/29/20 | $246,636 |
Craig Wagoner Electric Inc Contractor | 4/29/20 | $132,184 |
Craig Wagoner Electric Inc Contractor | 4/29/20 | $132,184 |
American Paving & Asphalt Contractor | 4/29/20 | $246,636 |
Simon Construction Contractor | 4/29/20 | $709,064 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,795 |
| 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 | $2,795 |
| Total Program Service Revenue | $3,311,629 |
| Investment income | $61,513 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,863 |
| Net Gain/Loss on Asset Sales | $181,143 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,567,413 |
| 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. | $546,037 |
| Compensation of current officers, directors, key employees. | $109,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,571,553 |
| Pension plan accruals and contributions | $105,419 |
| Other employee benefits | $196,689 |
| Payroll taxes | $149,416 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,077 |
| Fees for services: Accounting | $33,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $56,705 |
| Advertising and promotion | $71,067 |
| Office expenses | $56,918 |
| Information technology | $53,793 |
| Royalties | $0 |
| Occupancy | $188,108 |
| Travel | $67,141 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54,372 |
| Interest | $145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,275 |
| Insurance | $1,691 |
| All other expenses | $119,684 |
| Total functional expenses | $3,903,417 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,055 |
| Savings and temporary cash investments | $291,656 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $429,210 |
| 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 | $168,051 |
| Net Land, buildings, and equipment | $3,234,396 |
| Investments—publicly traded securities | $1,165,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $431,858 |
| Other assets | $0 |
| Total assets | $5,728,593 |
| Accounts payable and accrued expenses | $217,266 |
| 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 | $1,263 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $218,529 |
| Net assets without donor restrictions | $5,502,036 |
| Net assets with donor restrictions | $8,028 |
| 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 | $5,728,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Indiana Corn Marketing Council Indianapolis, IN | $5,137,582 | $5,167,221 |