Missouri Agricultural Foundation
- Assets
- $1.1m
- Revenue
- $3.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Truxton, MO
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 47-4069731
Organization Overview
Missouri Agricultural Foundation is located in Truxton, MO. The organization was established in 2016. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Missouri Agricultural 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 12/2022, Missouri Agricultural Foundation generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (52.6%) each year. All expenses for the organization totaled $29.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Missouri Agricultural Foundation has awarded 11 individual grants totaling $770,755. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SUPPORT PROJECTS THAT PROMOTE SOUND AGRICULTURAL PRACTICES, GROWTH IN AGRIBUSINESS AND AGRITOURISM, INTERNATIONAL AGRICULTURAL EXPORTS, URBAN AGRICULTURE, FOOD SAFETY, FARM SAFETY PRACTICES, YOUTH DEVELOPMENT AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS PROJECTS THAT SUPPORT AND PROMOTE SOUND AGRICULTURAL PRACTICES, GROWTH IN AGRIBUSINESS AND AGRITOURISM, INTERNATIONAL AGRICULTURAL EXPORTS, URBAN AGRICULTURE, FOOD SAFETY, FARM SAFETY PRACTICES, YOUTH DEVELOPMENT AND EDUCATION.CURRENT ACTIVITIES INCLUDE MISSOURI BEEF INITIATIVE. THE FOUNDATION IS PROVIDING GRANTS TO FUND UNIVERSITY BEEF RESEARCH UTILIZING COVERED FEEDING FACILITIES; DEVELOPMENT OF A PROGRAM TO TEST REPLACEMENT HEIFERS AND/OR BULLS FOR FESCUE TOLERANCE; DEVELOPMENT OF A PROGRAM TO REWARD INNOVATIVE SOLUTIONS FOR ADDING VALUE TO MISSOURI'S BEEF INDUSTRY; AND DEVELOPMENT OF A PROGRAM TO FINANCIALLY SUPPORT SMALL BEEF PROCESSORS TO MODERNIZE AND TO PROMOTE THE PROCESSING AND MARKETING OF MORE MISSOURI BEEF PRODUCTS.FUNDING FOR THE MISSOURI BEEF INITIATIVE WAS APPROPRIATED BY THE 97TH GENERAL ASSEMBLY, SECOND REGULAR SESSION, BY HOUSE BILL 2007, SECTION 7.030 FOR GRANTS TO NOT-FOR-PROFIT ORGANIZATIONS TO CONDUCT APPLIED RESEARCH AND/OR COMMERCIALIZE RESEARCH RELATED TO THE BEEF CATTLE INDUSTRY. THE FUNDS WERE RECEIVED AND HELD BY THE MISSOURI TECHNOLOGY CORPORATIONS.THE FOUNDATION WILL ALSO BE MAKING GRANTS TO ORGANIZATIONS COMMITTING TO USE SUCH PROCEEDS TO FUND CAPITAL IMPROVEMENTS IN PUBLIC FACILITIES WHOSE PURPOSE IS TO SUPPORT, PROMOTE AND/OR PROVIDE EDUCATIONAL PROGRAMMING AND TOURISM VENUES FOR MISSOURI AGRICULTURE. A COMMITTEE WILL BE FORMED AND WILL MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS OF THE FOUNDATION FOR THE USE OF THESE FUNDS. FUNDING FOR THIS AGRICULTURE EDUCATION AND TOURISM PROJECT IS RECEIVED FROM ANOTHER BRANCH OF MISSOURI GOVERNMENT, THE MISSOURI AGRICULTURAL SMALL BUSINESS DEVELOPMENT AUTHORITY.GRANT AGREEMENTS FOR THE MISSOURI BEEF INITIATIVE ARE CURRENTLY BEING DRAFTED FOR THE AWARDED PROJECTS. THE FOUNDATION HELD ITS FIRST MISSOURI AGRICULTURAL FOUNDATION KICK-OFF EVENT DECEMBER 2015.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Busdieker President | OfficerTrustee | 1 | $0 |
Madeline Thomas Secretary | OfficerTrustee | 1 | $0 |
Kristie Larson Treasurer | OfficerTrustee | 1 | $0 |
Chris Chinn Board Member | Trustee | 1 | $0 |
Bob Idel Board Member | Trustee | 1 | $0 |
Don Nikodim Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $2,978 |
| 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 | $2,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,505 |
| 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. | $5,000 |
| Compensation of current officers, directors, key employees. | $5,000 |
| 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 | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $97 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,126 |
| All other expenses | $0 |
| Total functional expenses | $28,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956 |
| Savings and temporary cash investments | $1,111,469 |
| 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 | $0 |
| Total assets | $1,112,425 |
| 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 | $1,112,425 |
| 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 | $1,112,425 |
Grants Awarded
Over the last fiscal year, Missouri Agricultural Foundation has awarded $84,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TECONOMY PURPOSE: TO SUPPORT SMALL PROCESSOR MODERNIZATION AND INNOVATIVE SOLUTIONS | $34,000 |
UNIVERSITY OF MISSOURI PURPOSE: TO SUPPORT SMALL PROCESSOR MODERNIZATION AND INNOVATIVE SOLUTIONS | $50,000 |