Agricenter International Inc
- Assets
- $11.8m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Memphis, TN
- Founding
- 02/1986
- Data as of
- 06/2022
- EIN
- 62-1143306
Organization Overview
Agricenter International Inc is located in Memphis, TN. The organization was established in 1986. 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 06/2022, Agricenter International Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agricenter International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Agricenter International Inc generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.0m during the year ending 06/2022. While expenses have increased by 5.2% 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
TO ADVANCE KNOWLEDGE AND UNDERSTANDING OF AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
FARM AND FARM RESEARCH: THE WORLDS LARGEST URBAN FARM AND RESEARCH TEST FACILITY PROVIDES A PROFESSIONAL FORUM FOR UNBIASED DEVELOPMENT, EVALUATION, DEMONSTRATION, EDUCATION, AND MARKETING OF THE LATEST AND MOST ADVANCED AGRICULTURAL TECHNOLOGIES AND PRODUCTS.
EXPO CENTER AND OFFICE LEASES: AGRICENTER INTERNATIONAL LEASES OFFICES AND FACILITIES TO AGRICULTURAL RELATED BUSINESSES SUCH AS THE UNIVERSITY OF TENNESSEE AG EXTENSION, THE NATIONAL WEATHER SERVICE, AND THE USDA.
SHOW PLACE ARENA: THE AGRICENTER SHOW PLACE ARENA IS A MULTI-PURPOSE FACILITY FOR EQUESTRIAN EVENTS, FESTIVALS, CONCERTS, CIRCUSES, TRADE SHOWS, CAR & BOAT SHOWS, AND MORE. THE FACILITY OFFERS A BEAUTIFUL MAIN ARENA, A COVERED MULIT-PURPOSE ARENA, AN OUTDOOR ARENA, AND AN INDOOR WARM UP ARENA. THERE ARE (6) BARNS OFFERING OVER 600 TOTAL STALLS. OTHER AMENITIES INCLUDE A SHOW OFFICE, SHOW TRAILER, INDOOR & OUTDOOR TICKET BOOTHS.
OTHER PROGRAM SERVICE INCOME AND EXPENSES ASSOCIATED WITH THE ORGANIC RESOURCE CENTER, FARMERS MARKET, AGRICULTURAL EDUCATION, RV PARK, AND EXPENSES ASSOCIATED WITH SHOW PLACE ARENA RENOVATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Kirksey Director Of Farm And Resea | 40 | $173,533 | |
John Butler President | OfficerTrustee | 40 | $154,766 |
Mark Hoggard Manager - Rv Park & Farmer | 40 | $124,496 | |
Marjory Walker Chairman | OfficerTrustee | 1 | $0 |
Willie German Secretary | OfficerTrustee | 1 | $0 |
Mark Pryor Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,031,055 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,400 |
| Noncash contributions included in lines 1a–1f | $38,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,121,455 |
| Total Program Service Revenue | $2,958,809 |
| Investment income | $220,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,762,559 |
| Net Gain/Loss on Asset Sales | -$910 |
| Net Income from Fundraising Events | $70,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,132,848 |
| 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. | $422,879 |
| Compensation of current officers, directors, key employees. | $145,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,250,380 |
| Pension plan accruals and contributions | $40,487 |
| Other employee benefits | $208,855 |
| Payroll taxes | $115,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,993 |
| Fees for services: Accounting | $14,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,152 |
| Advertising and promotion | $0 |
| Office expenses | $38,912 |
| Information technology | $30,563 |
| Royalties | $0 |
| Occupancy | $781,264 |
| Travel | $45,737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,858 |
| Interest | $4,333 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,348 |
| Insurance | $213,365 |
| All other expenses | $235,851 |
| Total functional expenses | $5,007,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,717 |
| Savings and temporary cash investments | $1,565,773 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $674,955 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $177,963 |
| Prepaid expenses and deferred charges | $12,461 |
| Net Land, buildings, and equipment | $2,312,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,916,763 |
| Total assets | $11,833,861 |
| Accounts payable and accrued expenses | $395,462 |
| Grants payable | $0 |
| Deferred revenue | $320,479 |
| 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 | $6,738,745 |
| Total liabilities | $7,454,686 |
| 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 | $4,379,175 |
| Total liabilities and net assets/fund balances | $11,833,861 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Agricenter International Inc has recieved totaling $6,060.
| Awarding Organization | Amount |
|---|---|
Midsouth Grain Inspection Services Memphis, TN PURPOSE: Donation | $6,050 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Farm Bureau Federation Mississippi Jackson, MS | $25,935,364 | $15,464,290 |
Montgomery Academy Inc Montgomery, AL | $22,347,255 | $11,005,286 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
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 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |