National Association Of Wheat Growers Foundation Inc
- Assets
- $7.1m
- Revenue
- $788.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1977
- Data as of
- 06/2022
- EIN
- 52-1096874
Organization Overview
National Association Of Wheat Growers Foundation Inc, operating under the name National Wheat Foundation, is located in Washington, DC. The organization was established in 1977. 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. National Wheat 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, National Wheat Foundation generated $788.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $735.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PURPOSEFULLY ADVANCE THE WHEAT INDUSTRY THROUGH STRATEGIC RESEARCH, EDUCATION AND OUTREACH COLLABORATIONS, GUIDED BY CORE VALUES OF GROWER CENTEREDNESS, INTEGRITY, HONESTY AND TRUSTWORTHINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL ASSOCIATION OF WHEAT GROWERS FOUNDATION (D/B/A NATIONAL WHEAT FOUNDATION) (THE "FOUNDATION") WAS ORGANIZED TO CARRY OUT THE PURELY EDUCATIONAL, CULTURAL AND CHARITABLE ACTIVITIES OF THE NATIONAL ASSOCIATION OF WHEAT GROWERS. THE FOUNDATION IS EMPOWERED TO PROMOTE AND ENCOURAGE BY MEANS OF SCIENTIFIC INVESTIGATIONS, RESEARCH OR OTHERWISE, THE ADVANCEMENT OF THE SCIENCE OF WHEAT GROWING, THE CONSERVATION OF THE NATURAL RESOURCES OF THE UNITED STATES THROUGH THE DEVELOPMENT OF GOOD FARMING AND FARM MARKETING PRACTICES, THE DEVELOPMENT OF NEW USES AND MARKETS FOR IMPROVED STRAINS FOR WHEAT AND WHEAT BY-PRODUCTS AND THE DISSEMINATION OF EDUCATIONAL MATERIALS AND CARRYING OUT THE EDUCATION PROGRAMS AIMED AT IMPROVING THE SKILL OF PERSONS ENGAGED IN THE GROWING AND MARKETING OF WHEAT IN THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandler Goule Executive Director | Officer | 10 | $0 |
David Cleavinger Chair Until March 2022 | OfficerTrustee | 5 | $0 |
Joe Kejr Vice Chair Until March 2022, Then Chair | OfficerTrustee | 5 | $0 |
Bernard Peterson Sectrea Until March 2022, Then Vice Chair | OfficerTrustee | 5 | $0 |
Scott Brown Director Sec./treasurer As Of March 2022 | OfficerTrustee | 5 | $0 |
Jeff Blackwood Director | Trustee | 2 | $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 | $343,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,233 |
| Total Program Service Revenue | $0 |
| Investment income | $214,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,208 |
| Net Gain/Loss on Asset Sales | $206,566 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $788,799 |
| 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 | $215,000 |
| Fees for services: Legal | $27,000 |
| Fees for services: Accounting | $27,446 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,067 |
| Fees for services: Other | $10 |
| Advertising and promotion | $0 |
| Office expenses | $3,178 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $150,087 |
| Travel | $6,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $128,914 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $120,994 |
| Total functional expenses | $735,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $446,343 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,000 |
| 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 | $6,622,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,506 |
| Total assets | $7,110,740 |
| Accounts payable and accrued expenses | $29,412 |
| 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 | $90,781 |
| Total liabilities | $120,193 |
| Net assets without donor restrictions | $6,864,162 |
| Net assets with donor restrictions | $126,385 |
| 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 | $7,110,740 |