Agronomic Science Foundation Inc
- Assets
- $8.4m
- Revenue
- $467.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/1968
- Data as of
- 12/2023
- EIN
- 39-6108542
Organization Overview
Agronomic Science Foundation Inc is located in Madison, WI. The organization was established in 1968. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agronomic Science Foundation 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 12/2023, Agronomic Science Foundation Inc generated $467.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $520.3k during the year ending 12/2023. While expenses have increased by 2.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE RESEARCH IN AND PRODUCE MATERIALS RELATING TO AGRONOMY, SOILS AND CROPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE AVAILABLE NEW INFORMATION ON AGRONOMY AND CROP AND SOIL SCIENCE THROUGH TECHNICAL JOURNALS AND TO BENEFIT SCIENTISTS AND THE PUBLIC IN GENERAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Miller Chair | OfficerTrustee | 2 | $0 |
Stella Salvo Vice Chair | OfficerTrustee | 2 | $0 |
George Van Scoyoc Director | Trustee | 2 | $0 |
David Baltensperger Director | Trustee | 2 | $0 |
Chistopher Ryan Director | Trustee | 2 | $0 |
Bingru Huang Director | Trustee | 2 | $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 | $263,083 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,083 |
| Total Program Service Revenue | $0 |
| Investment income | $212,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $467,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $170,314 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,714 |
| Pension plan accruals and contributions | $37,982 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,704 |
| Fees for services: Accounting | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,740 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,019 |
| Office expenses | $16,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,178 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,608 |
| Total functional expenses | $520,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $8,448,281 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,448,281 |
| Accounts payable and accrued expenses | $10,344 |
| 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 | $10,344 |
| Net assets without donor restrictions | $1,962,154 |
| Net assets with donor restrictions | $6,475,783 |
| 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 | $8,448,281 |
Grants Awarded
Over the last fiscal year, Agronomic Science Foundation Inc has awarded $100,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN SOCIETY OF AGRONOMY PURPOSE: TO PROMOTE RESEARCH AND EDUCATION RELATING TO AGRONOMY, SOILS AND CROPS. | $33,340 |
CROP SCIENCE SOCIETY OF AMERICA INC PURPOSE: TO PROVIDE INFORMATION CONCERNING CROPS AND THE CONDITIONS AFFECTING THEM. | $33,330 |
SOIL SCIENCE SOCIETY OF AMERICA INC PURPOSE: TO PROVIDE INFORMATION CONCERNING SOILS AND THE CONDITIONS AFFECTING THEM. | $33,330 |