Agricenter International Inc
- Assets
- $11.9m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Memphis, TN
- Founding
- 02/1986
- Data as of
- 06/2024
- 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 06/2024, Agricenter International Inc employed 59 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 06/2024, Agricenter International Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $6.3m during the year ending 06/2024. While expenses have increased by 6.7% per year over the past 9 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
2024
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Grochau Member | Trustee | 1 | $0 |
Marjory Walker Member | Trustee | 1 | $0 |
John Butler President | OfficerTrustee | 40 | $162,986 |
Margaret Oldham Member | Trustee | 1 | $0 |
Charles Askew Member | Trustee | 1 | $0 |
Joel Fulmer Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $217,118 |
| Related organizations | $0 |
| Government grants | $856,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $129,789 |
| Noncash contributions included in lines 1a–1f | $84,938 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,203,124 |
| Total Program Service Revenue | $2,884,604 |
| Investment income | $262,786 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,069,552 |
| Net Gain/Loss on Asset Sales | $100 |
| Net Income from Fundraising Events | -$125,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,498,400 |
| 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. | $436,631 |
| Compensation of current officers, directors, key employees. | $162,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,913,097 |
| Pension plan accruals and contributions | $52,898 |
| Other employee benefits | $205,048 |
| Payroll taxes | $170,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,590 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,444 |
| Advertising and promotion | $0 |
| Office expenses | $76,985 |
| Information technology | $62,388 |
| Royalties | $0 |
| Occupancy | $781,590 |
| Travel | $56,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,001 |
| Interest | $15,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $391,220 |
| Insurance | $342,609 |
| All other expenses | $303,970 |
| Total functional expenses | $6,271,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,777 |
| Savings and temporary cash investments | $1,431,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $716,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $156,535 |
| Prepaid expenses and deferred charges | $9,377 |
| Net Land, buildings, and equipment | $3,067,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,362,092 |
| Total assets | $11,922,952 |
| Accounts payable and accrued expenses | $518,150 |
| Grants payable | $0 |
| Deferred revenue | $102,475 |
| 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 | $157,435 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,147,697 |
| Total liabilities | $6,925,757 |
| 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 | $4,997,195 |
| Total liabilities and net assets/fund balances | $11,922,952 |