Kentucky Corn Growers Association
- Assets
- $12.7m
- Revenue
- $3.2m
- Investments
- $2.2m
- Employees
- 3
- Location
- Eastwood, KY
- Founding
- 08/1989
- Data as of
- 08/2024
- EIN
- 61-1158841
Organization Overview
Kentucky Corn Growers Association is located in Eastwood, KY. The organization was established in 1989. 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 08/2024, Kentucky Corn Growers Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Corn Growers 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 08/2024, Kentucky Corn Growers Association generated $3.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $2.5m during the year ending 08/2024. While expenses have increased by 5.8% 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.
Since 2015, Kentucky Corn Growers Association has awarded 86 individual grants totaling $10,971,717. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO REPRESENT CORN FARMERS AND TO INCREASE THE PROFITABILITY OF CORN PRODUCERS IN THE STATE OF KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOURAGING, PROMOTING AND DEVELOPING MORE EFFICIENT CORN MARKETING AND PRODUCTION IN THE STATE OF KENTUCKY. AN ESTIMATED 6,000 INDIVIDUALS BENEFITTED FROM THE SERVICES PROVIDED.
ENCOURAGING, PROMOTING AND DEVELOPING MORE EFFICIENT CORN MARKETING AND PRODUCTION IN THE STATE OF KENTUCKY. AN ESTIMATED 6,000 INDIVIDUALS BENEFITTED FROM THE SERVICES PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Executive Di | OfficerTrustee | 40 | $174,473 |
Steven Bach Director | Trustee | $0 | |
Mike Chalfant Director | Trustee | $0 | |
Ronan Cummins Director | Trustee | $0 | |
John Danesi Director | Trustee | $0 | |
Scott Ebelhar Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,820 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $43,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,820 |
| Total Program Service Revenue | $2,830,453 |
| Investment income | $354,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,248,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,519,454 |
| 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. | $174,473 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $107,727 |
| Pension plan accruals and contributions | $12,510 |
| Other employee benefits | $5,491 |
| Payroll taxes | $21,213 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $245,532 |
| Office expenses | $89,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,627 |
| Travel | $10,417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,300 |
| Interest | $0 |
| Payments to affiliates | $3,365 |
| Depreciation, depletion, and amortization | $101,786 |
| Insurance | $27,551 |
| All other expenses | $0 |
| Total functional expenses | $2,480,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,622,565 |
| Savings and temporary cash investments | $5,689,246 |
| 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 | $144,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,200,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,656,616 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $12,656,616 |
| 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 | $12,656,616 |
Grants Awarded
Over the last fiscal year, Kentucky Corn Growers Association has awarded $1,514,415 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CORN GROWERS ASSOCIATION PURPOSE: SUPPORT MISSION | $472,500 |
UK RESEARCH FOUNDATION PURPOSE: VARIOUS AG. PROGRAMS | $214,303 |
US MEAT EXPORT FEDERATION PURPOSE: PROMOTE MEAT EXPORTS | $120,000 |
US GRAIN COUNCIL PURPOSE: SUPPORT MISSION | $385,000 |
US POULTRY & EGG EXPORT COUNCIL PURPOSE: EXPORT OF POULTRY | $30,000 |