Colombia Rice Export Quota Inc
- Assets
- $237.1k
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 46-0816686
Organization Overview
Colombia Rice Export Quota Inc is located in Washington, DC. The organization was established in 2017. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colombia Rice Export Quota Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Colombia Rice Export Quota Inc generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.7%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (22.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Colombia Rice Export Quota Inc has awarded 23 individual grants totaling $19,646,102. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ENTITY WILL MANAGE ON AN OPEN TENDER BASIS THE TARIFF RATE QUOTAS (TRQS) FOR RICE PRODUCTS GRANTED BY THE REPUBLIC OF COLOMBIA TO THE UNITED STATES UNDER THE TERMS OF THE TRADE PROMOTION AGREEMENT OR ANY AMENDED OR SUCCESSOR AGREEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NET PROCEEDS FROM THE OPEN TENDER PROCESS ARE DISTRIBUTED TO FUND RESEARCH AND PROMOTION PROJECTS AS DEFINED BY EACH OF THE SIX (6) STATE CHARTERED RESEARCH BOARDS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES AND TO FUND MARKET DEVELOPMENT AND/OR COMPETITIVENESS PROJECTS FOR THE BENEFIT OF THE RICE PRODUCTION SECTOR OF THE REPUBLIC OF COLOMBIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Rue Chairman, Board Of Directors | OfficerTrustee | 2 | $0 |
David Martin Board Of Directors | Trustee | 0.5 | $0 |
Todd Burich Board Of Directors | Trustee | 0.5 | $0 |
John Denison Board Of Directors | Trustee | 0.5 | $0 |
Gibb Steele Board Of Directors | Trustee | 0.5 | $0 |
Vicki Manzoli Board Of Directors | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $105,000 |
| 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 | $105,000 |
| Total Program Service Revenue | $4,199,296 |
| Investment income | $0 |
| 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 | $4,304,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,095,769 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,095,769 |
| 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 | $70,769 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,910 |
| Office expenses | $0 |
| Information technology | $638 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,580 |
| Insurance | $2,823 |
| All other expenses | $0 |
| Total functional expenses | $4,329,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,354 |
| 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 | $2,739 |
| 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 | $237,093 |
| Accounts payable and accrued expenses | $199 |
| 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 | $199 |
| 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 | $236,894 |
| Total liabilities and net assets/fund balances | $237,093 |
Grants Awarded
Over the last fiscal year, Colombia Rice Export Quota Inc has awarded $2,095,769 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA RICE RESEARCH BOARD PURPOSE: TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. | $375,107 |
ARKANSAS RICE RESEARCH AND PROMOTION BOARD PURPOSE: TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. | $1,010,916 |
LOUISIANA RICE RESEARCH BOARD PURPOSE: TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. | $319,235 |
MISSISSIPPI RICE PROMOTION BOARD PURPOSE: TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. | $93,663 |
MISSOURI RICE RESEARCH AND MERCHANDISING COUNCIL PURPOSE: TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. | $155,350 |
TEXAS RICE PRODUCERS BOARD PURPOSE: TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. | $141,498 |