Fertilizer Institute
- Assets
- $18.0m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 34
- Location
- Arlington, VA
- Founding
- 03/1957
- Data as of
- 06/2022
- EIN
- 53-0225257
Organization Overview
Fertilizer Institute is located in Arlington, VA. The organization was established in 1957. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Fertilizer Institute employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fertilizer Institute 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 06/2022, Fertilizer Institute generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $8.3m during the year ending 06/2022. 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
REPRESENT AND ADVANCE THE PLANT NUTRITION INDUSTRY TO ACHIEVE SUSTAINABLE AGRICULTURAL SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS: THE INSTITUTE HOLDS MEETINGS WHICH PROVIDE A FORUM FOR INFORMATION EXCHANGE AND BUSINESS NETWORKING. ADDITIONAL TOPICS OF THESE MEETINGS INCLUDE POLICY ADVOCACY, ENVIRONMENT, SAFETY AND SUSTAINABILITY.
MEMBERSHIP SERVICES INCLUDING:- MARKET INTELLIGENCE DATA COLLECTION AND AGGREGATION,- PUBLIC RELATIONS PROGRAMS TO ENSURE THAT STAKEHOLDERS HAVE ACCURATE, SCIENCE-BASED INFORMATION ON FERTILIZERS, INCLUDING THEIR CHARACTERISTICS, HOW THEY ARE MADE AND BEST PRACTICES IN EFFICIENT FERTILIZER USE.- EDUCATION ON INNOVATIVE TRENDS AND TECHNOLOGIES IN THE FERTILIZER INDUSTRY.
LEGISLATIVE AND REGULATORY ACTIVITY: ENGAGE WITH CONGRESS AND GOVERNMENT AGENCIES TO ENSURE THAT THE FERTILIZER INDUSTRY'S VOICE IS HEARD AS RELEVANT POLICIES ARE DEVELOPED, REFINED AND INTERPRETED BY REGULATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Rosenbusch President & CEO | OfficerTrustee | 40 | $646,359 |
Kurt Mcmillan Chief Administrative Officer | Officer | 35 | $223,774 |
Catharine Perry Sr Vice President, Member Programs | Officer | 40 | $177,469 |
Kathleen Mathers Vice President, Public Affairs | Officer | 40 | $244,440 |
Clark Mica Vice President, Legislative Affairs | Officer | 40 | $207,042 |
Harry Vroomen Vice President, Economic Services | 40 | $256,994 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Achurch Consulting Ams Consultant | 6/29/22 | $238,350 |
Gallagher & Kennedy Legal | 6/29/22 | $224,469 |
Data Honey Data Services | 6/29/22 | $215,000 |
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 | $8,801,725 |
| Investment income | $359,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $396,123 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,819,983 |
| 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. | $1,686,920 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,081,676 |
| Pension plan accruals and contributions | $258,987 |
| Other employee benefits | $385,921 |
| Payroll taxes | $221,901 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $440,105 |
| Fees for services: Accounting | $168,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,513 |
| Fees for services: Other | $678,885 |
| Advertising and promotion | $2,247 |
| Office expenses | $104,576 |
| Information technology | $133,669 |
| Royalties | $0 |
| Occupancy | $415,466 |
| Travel | $255,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $619,049 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $116,978 |
| Insurance | $42,241 |
| All other expenses | $119,567 |
| Total functional expenses | $8,255,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,564,007 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,261 |
| 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 | $170,333 |
| Net Land, buildings, and equipment | $25,531 |
| Investments—publicly traded securities | $14,896,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $398,061 |
| Other assets | $941,617 |
| Total assets | $18,003,395 |
| Accounts payable and accrued expenses | $717,988 |
| Grants payable | $0 |
| Deferred revenue | $329,265 |
| 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 | $169,514 |
| Total liabilities | $1,216,767 |
| Net assets without donor restrictions | $16,786,628 |
| 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 | $18,003,395 |