Usa Rice Federation
- Assets
- $6.2m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 26
- Location
- Arlington, VA
- Founding
- 11/1995
- Data as of
- 07/2023
- EIN
- 54-1727616
Organization Overview
Usa Rice Federation is located in Arlington, VA. The organization was established in 1995. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 07/2023, USA Rice Federation employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. USA Rice Federation 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 07/2023, USA Rice Federation generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $13.3m during the year ending 07/2023. While expenses have increased by 1.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROTECT THE INTERESTS OF PRODUCERS, MILLERS, MERCHANTS AND ALLIED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USA RICE'S INTERNATIONAL PROMOTION PROGRAM DESIGNS AND IMPLEMENTS INTERNATIONAL PROMOTION AND FOOD AID STRATEGIES TO INCREASE EXPORTS FOR ALL TYPES AND FORMS OF U.S. RICE.
USA RICE'S GOVERNMENT AFFAIRS DEPARTMENT REPRESENTS THE ADVOCACY ARM OF USA RICE, INFLUENCING THE FEDERAL GOVERNMENT AND REGULATORY AGENCIES TO IMPLEMENT LEGISLATIVE AND REGULATORY POLICY THAT IS FAVORABLE TO THE GROWTH AND PROFITABILITY OF THE U.S. RICE INDUSTRY.
USA RICE'S DOMESTIC PROMOTION DEPARTMENT INCREASES THE DOMESTIC AWARENESS AND USAGE OF US-GROWN RICE AND RICE PRODUCTS WITH CONSUMERS, FOOD-SERVICE INDUSTRIES AND FEDERAL FOOD POLICY INITIATIVES TO BENEFIT U.S. RICE MARKETABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Satterfield Chair | OfficerTrustee | 1 | $0 |
Bobby Hanks Immediate Past Chair | OfficerTrustee | 1 | $0 |
Curtis Berry Vice Chair | OfficerTrustee | 1 | $0 |
Park Eldridge Vice Chair | OfficerTrustee | 1 | $0 |
Meryl Kennedy Farr Vice Chair | OfficerTrustee | 1 | $0 |
Eric Unkel Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cinq Inc Ip Promotion | 7/30/23 | $628,035 |
Fta International Llc Ip Promotion | 7/30/23 | $498,716 |
International Yod Consulting Sc Ip Promotion | 7/30/23 | $1,684,733 |
The Garden Ip Promotion | 7/30/23 | $891,989 |
Mall Teasers Ip Promotion | 7/30/23 | $973,308 |
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 | $13,030,310 |
| Investment income | $6,147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,224 |
| 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 | $13,260,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $280,000 |
| 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. | $1,552,248 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,779,261 |
| Pension plan accruals and contributions | $182,786 |
| Other employee benefits | $159,882 |
| Payroll taxes | $175,810 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $139,449 |
| Fees for services: Accounting | $13,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,511,989 |
| Advertising and promotion | $25,866 |
| Office expenses | $208,434 |
| Information technology | $232,506 |
| Royalties | $0 |
| Occupancy | $495,432 |
| Travel | $459,740 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,673,033 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,520 |
| Insurance | $34,848 |
| All other expenses | $0 |
| Total functional expenses | $13,260,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $748,532 |
| Pledges and grants receivable | $1,058,493 |
| Accounts receivable, net | $331,892 |
| 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 | $148,223 |
| Net Land, buildings, and equipment | $215,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,658,103 |
| Total assets | $6,161,728 |
| Accounts payable and accrued expenses | $380,626 |
| 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 | $5,781,102 |
| Total liabilities | $6,161,728 |
| Net assets without donor restrictions | $0 |
| 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 | $6,161,728 |