Kentucky Seed Improvement Association
- Assets
- $88.7k
- Revenue
- $168.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Lexington, KY
- Founding
- 11/1943
- Data as of
- 12/2021
- EIN
- 61-0544959
Organization Overview
Kentucky Seed Improvement Association is located in Lexington, KY. The organization was established in 1943. 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 12/2021, Kentucky Seed Improvement Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Seed Improvement Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Kentucky Seed Improvement Association generated $168.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $198.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE PRODUCTION OF CERTIFIED SEED IN ALL FIELDS OF CROPS APPROVED FOR CERTIFICATION SEED AS PROVIDED IN IRC 250.170-250.230
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FOSTER THE PRODUCTION OF CERTIFIED SEED IN ALL FIELDS OF CROPS APPROVED FOR CERTIFICATION SEED AS PROVIDED IN IRC 250.170-250.230
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Clements President | Officer | 0 | $0 |
Charles Petty Vice President | Officer | 0 | $0 |
Ben Eggett Secretary | Officer | 0 | $0 |
Terry Workman Treasurer | Officer | 0 | $0 |
Clyde Jackson Director | Trustee | 0 | $0 |
Adam Andrews Director | Trustee | 0 | $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 | $167,975 |
| Investment income | $162 |
| 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 | $168,137 |
| 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 | $45,105 |
| Other salaries and wages | $31,874 |
| Pension plan accruals and contributions | $2,480 |
| Other employee benefits | $9,436 |
| Payroll taxes | $2,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,650 |
| Advertising and promotion | $0 |
| Office expenses | $391 |
| Information technology | $0 |
| Royalties | $82,902 |
| Occupancy | $3,036 |
| Travel | $1,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,996 |
| All other expenses | $0 |
| Total functional expenses | $198,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $88,673 |
| 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 | $0 |
| 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 | $88,673 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,488 |
| Total liabilities | $1,488 |
| Net assets without donor restrictions | $87,185 |
| 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 | $88,673 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Veterinary Medical Association Schaumburg, IL | $94,136,501 | $52,810,298 |
United Dairy Industry Association Inc Rosemont, IL | $4,480,466 | $34,355,137 |
Academy Of Nutrition And Dietetics Chicago, IL | $59,938,358 | $38,120,377 |
Food Marketplace Inc Arlington, VA | $65,228,565 | $28,864,637 |
Good Food Institute Inc Arlington, VA | $59,697,609 | $43,468,835 |
U S Wheat Associates Inc Arlington, VA | $10,059,888 | $16,530,559 |
Institute Of Food Techologists Inc Chicago, IL | $45,062,972 | $9,557,520 |
Croplife America Arlington, VA | $12,856,651 | $16,559,084 |
Fertilizer Institute Arlington, VA | $18,942,460 | $8,038,493 |
International Foodservice Manufacturers Association Chicago, IL | $7,373,988 | $7,253,013 |
Snac International Arlington, VA | $7,767,502 | $4,045,674 |
Certified Pedigreed Swine Peoria, IL | $651,703 | $1,301,454 |