Corn Growers Association Of North Carolina Inc
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Elizabethtown, NC
- Founding
- 10/1979
- Data as of
- 07/2023
- EIN
- 56-1220727
Organization Overview
Corn Growers Association Of North Carolina Inc is located in Elizabethtown, NC. The organization was established in 1979. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 07/2023, Corn Growers Association Of North Carolina Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corn Growers Association Of North Carolina 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 07/2023, Corn Growers Association Of North Carolina Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $1.6m during the year ending 07/2023. While expenses have increased by 15.7% per year over the past 6 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.
Since 2016, Corn Growers Association Of North Carolina Inc has awarded 28 individual grants totaling $4,691,481. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH & DEVELOPMENT OF CORN AND CORN PRODUCTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CORN GROWERS ASSOCIATION : NATIONAL CORN RESEARCH AND MARKET DEVELOPMENT.
VARIOUS NORTH CAROLINA COUNTY EXTENSION & OTHER AGENCIES : CORN GROWTH AND PROMOTION WITHIN NORTH CAROLINA. GRANTS AND ALLOCATIONS GIVEN TO STATE AND REGIONAL ORGANIZATIONS FOR THE PURPOSE OF RESEARCH AND EDUCATION AND MARKET DEVELOPEMENT OF CORN AND CORN PRODUCTS.
U S GRAINS COUNCIL : NATIONAL AGRICULTURE RESEARCH & INTERNATIONAL MARKETING OF U.S. GRAIN PRODUCTS.
NORTH CAROLINA STATE UNIVERSITY : CORN GROWTH AND YIELD RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Sparks President | OfficerTrustee | 4 | $0 |
Roy Gorena Secretary | OfficerTrustee | 4 | $0 |
Fred Tate Treasurer | OfficerTrustee | 8 | $20,000 |
John Pickler Director | Trustee | 2 | $0 |
Darren Armstrong Director | Trustee | 2 | $0 |
Brent Barnes 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,199,203 |
| Investment income | $1,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,200,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,297,642 |
| 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 | $100,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,643 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,408 |
| Advertising and promotion | $1,178 |
| Office expenses | $16,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,512 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,553,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,684,691 |
| Savings and temporary cash investments | $589,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $55,003 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,328,785 |
| Accounts payable and accrued expenses | $9,574 |
| 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 | $0 |
| Total liabilities | $9,574 |
| Net assets without donor restrictions | $2,319,211 |
| 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 | $2,328,785 |
Grants Awarded
Over the last fiscal year, Corn Growers Association Of North Carolina Inc has awarded $1,272,794 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
U S GRAINS COUNCIL PURPOSE: CORN RESEARCH | $117,539 |
NATIONAL CORN GROWERS ASSOCIATION PURPOSE: CORN RESEARCH | $222,558 |
N C STATE UNIVERSITY PURPOSE: CORN RESEACH | $373,033 |
NCSU ENDOWMENT FUND PURPOSE: CORN RESEARCH | $500,000 |
NC AGRICULTURAL FOUNDATION PURPOSE: CORN RESEARCH | $38,864 |
NC DEPT OF AGRICULTURE PURPOSE: CORN RESEARCH PROJ | $6,800 |