Kansas Wheat Commission Research Foundation
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Manhattan, KS
- Founding
- 06/2012
- Data as of
- 06/2022
- EIN
- 45-3680579
Organization Overview
Kansas Wheat Commission Research Foundation is located in Manhattan, KS. The organization was established in 2012. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, 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 Commission Research Foundation 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 06/2022, Kansas Wheat Commission Research Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.4% each year . All expenses for the organization totaled $146.8k during the year ending 06/2022. While expenses have increased by 0.8% 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
TO PROMOTE AND FUND SCIENTIFIC WHEAT RESEARCH, WHICH SHALL INCLUDE THE FUNDING OF SCIENTIFIC WHEAT RESEARCH PROJECTS THAT ARE AWARDED GRANTS BY THE KANSAS WHEAT COMMISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND FUND SCIENTIFIC WHEAT RESEARCH, WHICH SHALL INCLUDE THE FUNDING OF SCIENTIFIC WHEAT RESEARCH PROJECTS THAT ARE AWARDED GRANTS BY THE KANSAS WHEAT COMMISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Millershaski Chair | OfficerTrustee | 1 | $0 |
Justin Gilpin Chief Executive Officer | Officer | 1 | $0 |
Derek Sawyer Director | Trustee | 1 | $0 |
Jason Ochs Director | Trustee | 1 | $0 |
Mike Mcclellan Director | Trustee | 1 | $0 |
Nathan Larson Director | 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 | $1,484,251 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,484,251 |
| Total Program Service Revenue | $0 |
| Investment income | $1,045 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,485,296 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $59,583 |
| Fees for services: Investment Management | $26,756 |
| Fees for services: Other | $16,820 |
| Advertising and promotion | $10,000 |
| Office expenses | $1,646 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,152 |
| Travel | $1,502 |
| 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 | $2,359 |
| All other expenses | $2,000 |
| Total functional expenses | $146,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,946 |
| Savings and temporary cash investments | $537,713 |
| 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 | $4,398,268 |
| Total assets | $5,094,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,583 |
| 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 | $4,583 |
| Net assets without donor restrictions | $5,090,344 |
| 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 | $5,094,927 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kansas Wheat Commission Research Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Kansas Wheat Alliance Inc Manhattan, KS PURPOSE: Wheat Research Project | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kids Nutrition Company Inc Lakewood, CO | $23,124 | $1,445,818 |
National Cattlemens Foundation Inc Centennial, CO | $2,890,250 | $1,053,181 |
Dairy Farmers Of America Inc Advancing Dairy Association Kansas City, KS | $605,793 | $975,853 |
Kansas Wheat Commission Research Foundation Manhattan, KS | $5,094,927 | $1,485,296 |
Help The Hungry Bake Sale Inc Farmington, MO | $137,336 | $0 |
Major County Fair Board Foundation Ames, OK | $27,954 | $93,620 |
El Paso Countyy Fairgrounds Corporation Colorado Springs, CO | $6,389 | $0 |
Fast For Feast Denver, CO | $23,759 | $0 |
Bluegrass Bettering Our Community St Joseph, MO | $2,666 | $0 |
Charles D & Sue C Crites Foundation Jackson, MO | $16,088 | $19,786 |
Nebraska Cattlemen Disaster Relief Fund Lincoln, NE | $77,797 | $0 |
Bread Of Life Community Outreach Inc Loveland, CO | $584 | $0 |