Virginia Crop Improvement Association Inc
- Assets
- $3.7m
- Revenue
- $194.4k
- Investments
- $510.8k
- Employees
- 11
- Location
- Mechanicsville, VA
- Founding
- 06/1944
- Data as of
- 11/2022
- EIN
- 54-0542791
Organization Overview
Virginia Crop Improvement Association Inc is located in Mechanicsville, VA. The organization was established in 1944. 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 11/2022, Virginia Crop Improvement Association Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Crop Improvement Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 11/2022, Virginia Crop Improvement Association Inc generated $194.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $310.9k during the year ending 11/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ASSOCIATION PRODUCES, CERTIFIES AND SELLS CERTIFIED SEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND CERTIFICATION OF SEEDS AND OTHER MATERIALS FOR PLANT PROPAGATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Pollock President | OfficerTrustee | 1 | $0 |
Franklin Hundley Vice President | OfficerTrustee | 1 | $0 |
Thomas H Hardiman Secretary Treasurer | Officer | 40 | $0 |
Westley Drake Director | Trustee | 1 | $0 |
Andrew Darden Director | Trustee | 1 | $0 |
Henry Goodrich Director | 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 | $43,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,433 |
| 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 | $73,561 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,444 |
| 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 | $27,973 |
| Other employee benefits | $45,474 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,601 |
| Office expenses | $6,470 |
| 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 | $27,855 |
| Interest | $0 |
| Payments to affiliates | $29,739 |
| Depreciation, depletion, and amortization | $138,484 |
| Insurance | $2,292 |
| All other expenses | $0 |
| Total functional expenses | $310,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $545,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $500,371 |
| Prepaid expenses and deferred charges | $62,061 |
| Net Land, buildings, and equipment | $2,036,343 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $510,832 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,724,664 |
| Accounts payable and accrued expenses | $113,159 |
| Grants payable | $0 |
| Deferred revenue | $833 |
| 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 | $113,992 |
| Net assets without donor restrictions | $3,610,672 |
| 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 | $3,724,664 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Farm Bureau Federation Washington, DC | $90,939,255 | $33,384,645 |
Food Allergy Research & Education Inc Mclean, VA | $49,740,343 | $11,947,289 |
Elevator Industry Work Preservation Fund Columbia, MD | $75,509,631 | $27,265,052 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Downtown Business Improvement District Corporation Washington, DC | $12,848,344 | $15,153,939 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |