Potato Certification Assn Of Nebraska
- Assets
- $1.0m
- Revenue
- $603.4k
- Investments
- $0.0
- Employees
- 14
- Location
- Alliance, NE
- Founding
- 09/1953
- Data as of
- 06/2021
- EIN
- 47-0383956
Organization Overview
Potato Certification Assn Of Nebraska is located in Alliance, NE. The organization was established in 1953. 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 06/2021, Potato Certification Assn Of Nebraska employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potato Certification Assn Of Nebraska is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2021, Potato Certification Assn Of Nebraska generated $603.4k 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 (7.1%) each year. All expenses for the organization totaled $595.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 5 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEED POTATO INSPECTION AND CERTIFICATION IN THE STATE OF NEBRASKA AND SURROUNDING AREAS AS AGENCY OF THE UNIVERSITY OF NEBRASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CERTIFICATION AND INSPECTION OF SEED POTATOES IN THE STATE OF NEBRASKA AS DESIGNATED BY THE INSTITUTE OF AGRICULTURE AND NATURAL RESOURCES-UNIVERSITY OF NEBRASKA AND AUTHORIZED BY THE STATE OF NEBRASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Winchester Secretary | OfficerTrustee | 40 | $95,000 |
Troy Sorensen Vice Preside | OfficerTrustee | 1 | $0 |
Chase Engel President | OfficerTrustee | 1 | $0 |
Lisa Hickman Treasurer | OfficerTrustee | 2 | $0 |
Josh Mcbride Member | Trustee | 1 | $0 |
Jon Gilley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $14 |
| 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 | $14 |
| Total Program Service Revenue | $602,676 |
| Investment income | $695 |
| 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 | $603,385 |
| 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 | $274,285 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,206 |
| Payroll taxes | $27,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $438 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,876 |
| Advertising and promotion | $0 |
| Office expenses | $11,856 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,316 |
| Travel | $54,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,942 |
| Insurance | $20,032 |
| All other expenses | $1,559 |
| Total functional expenses | $595,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $472,359 |
| Savings and temporary cash investments | $324,068 |
| 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 | $1,138 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $205,663 |
| Investments—publicly traded securities | $3,372 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200 |
| Total assets | $1,006,800 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $1,006,800 |
| Total liabilities and net assets/fund balances | $1,006,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
Central Electric Cooperative Inc Mitchell, SD | $99,096,217 | $37,679,047 |
American Soybean Association St Louis, MO | $22,612,610 | $31,372,473 |
Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Kansas Farm Bureau Manhattan, KS | $113,719,164 | $13,754,272 |
Arabian Horse Association Aurora, CO | $7,104,818 | $11,582,764 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Nebraska Farm Bureau Federation Lincoln, NE | $6,162,256 | $5,536,938 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |
Eat Greater Des Moines Des Moines, IA | $273,044 | $4,607,206 |