Corn Refiners Association Inc
- Assets
- $11.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 05/1983
- Data as of
- 12/2022
- EIN
- 52-0230814
Organization Overview
Corn Refiners Association Inc is located in Washington, DC. The organization was established in 1983. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2022, Corn Refiners Association Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corn Refiners Association 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 12/2022, Corn Refiners Association Inc generated $7.7m 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 (11.6%) each year. All expenses for the organization totaled $7.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Corn Refiners Association Inc has awarded 17 individual grants totaling $3,031,000. 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
TO PROVIDE EDUCATIONAL MATERIAL AND RESOURCES ON CORN AND CORN PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS AND POLICY ADVOCACY: ADVOCATED FOR SCIENCE-BASED PUBLIC POLICY AND ECONOMICALLY-SOUND DECISION MAKING AT THE STATE, FEDERAL AND GLOBAL LEVEL.
SCIENTIFIC, RESEARCH, AND TECHNICAL SUPPORT: ADMINISTER ANALYTICAL PROGRAMS PERTAINING TO CORN REFINING AND THE CORN INDUSTRY. ATTENTION TO PRODUCT SAFETY AND QUALITY IN EVERYTHING WE DO ENSURES OUR REFINED CORN PRODUCTS WILL PROVIDE FOR HEALTHFUL AND COST EFFECTIVE FOOD INGREDIENTS FOR EVERYONE TO ENJOY.
EDUCATION: RAISES AWARENESS ABOUT THE ENTIRE CORN VALUE CHAIN AND DESIGNS PUBLIC RELATIONS PROGRAMS TO ADDRESS ISSUES SIGNIFICANT TO THE CORN REFINING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Stutelberg Chairman | OfficerTrustee | 5 | $0 |
Kris Lutt Treasurer | OfficerTrustee | 5 | $0 |
Christopher M Cuddy Vice Chairman | OfficerTrustee | 5 | $0 |
Mindaugas Gedvilas Board Member | Trustee | 3 | $0 |
Richard Grizzo Board Member | Trustee | 3 | $0 |
Patrick Homoelle Board Member | Trustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Invariant Llc Consulting | 12/30/22 | $300,000 |
Vault Consulting Llc Consulting | 12/30/22 | $275,947 |
Curley Company Consulting | 12/30/22 | $242,690 |
Silliker Inc Ccsp Supplier | 12/30/22 | $148,056 |
Card & Associates Consulting | 12/30/22 | $228,627 |
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 | $7,525,873 |
| Investment income | $194,727 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,219 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,707,781 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,801 |
| 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. | $901,554 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,102,291 |
| Pension plan accruals and contributions | $151,498 |
| Other employee benefits | $234,111 |
| Payroll taxes | $152,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $117,807 |
| Fees for services: Accounting | $196,672 |
| Fees for services: Lobbying | $43,371 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,917 |
| Fees for services: Other | $1,140,541 |
| Advertising and promotion | $18,500 |
| Office expenses | $48,741 |
| Information technology | $129,944 |
| Royalties | $0 |
| Occupancy | $231,258 |
| Travel | $71,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,493 |
| Interest | $0 |
| Payments to affiliates | $1,850,000 |
| Depreciation, depletion, and amortization | $62,245 |
| Insurance | $32,185 |
| All other expenses | $893 |
| Total functional expenses | $7,183,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,117 |
| Savings and temporary cash investments | $49,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,892,034 |
| 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 | $103,255 |
| Net Land, buildings, and equipment | $445,236 |
| Investments—publicly traded securities | $5,265,900 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,750,094 |
| Total assets | $11,409,439 |
| Accounts payable and accrued expenses | $547,064 |
| Grants payable | $0 |
| Deferred revenue | $76,219 |
| 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 | $3,288,120 |
| Total liabilities | $3,911,403 |
| Net assets without donor restrictions | $7,498,036 |
| 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 | $11,409,439 |
Grants Awarded
Over the last fiscal year, Corn Refiners Association Inc has awarded $101,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FARMERS FOR FREE TRADE PURPOSE: 2022 MEMBERSHIP CONTRIBUTION | $25,000 |
AGRICULTURE TRADE EDUCATION COUNCIL PURPOSE: ATEC 2022 CONTRIBUTION | $25,000 |
THE MOUNT VERNON LADIES' ASSOCIATION OF THE UNION PURPOSE: SPIRIT OF MOUNT VERNON SPONSORSHIP | $15,000 |
US-MEXICO FOUNDATION PURPOSE: CONTRIBUTION TO THE U.S.-MEXICO FOUNDATION'S FUNDRAISING DINNER & 2022 NORTH CAPITAL FORUM SPONSORSHIP - US-MEXICO FOUNDATION | $15,000 |
THE FRIENDS OF THE NATIONAL ARBORETUM PURPOSE: FONA SOLSTICE SOIREE TABLE SPONSORSHIP | $15,000 |
WASHINGTON INTERNATIONAL TRADE FOUNDATION PURPOSE: ANNUAL AWARD DINNER SPONSORSHIP | $6,000 |