Texas Seed Trade Association
- Assets
- $617.4k
- Revenue
- $341.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Goldwaithe, TX
- Founding
- 07/1976
- Data as of
- 03/2021
- EIN
- 74-1895140
Organization Overview
Texas Seed Trade Association is located in Goldwaithe, TX. The organization was established in 1976. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Seed Trade Association 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 03/2021, Texas Seed Trade Association generated $341.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $272.0k during the year ending 03/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) 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
TSTA PROMOTES THE GENERAL BUSINESS INTERESTS OF PERSONS AND ORGANIZATIONS INVOLVED IN THE SEED INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF THE PUBLIC, MEMBERS, AND INTERESTED STAKEHOLDERS ABOUT THE SEED TRADE BUSINESS AND ALLIED OPERATIONS.
ENCOURAGE STUDENTS TO PURSUE SEED-RELATED STUDIES IN SECONDARY EDUCATION; RAISE FUNDES AND DISTRIBUTE SCHOLARSHIPS MONIES TO UNIVERSITY FUNDS IN SUPPORT OF SEED-RELATED STUDIES.
ADMINISTRATION OF MEMBER-RELATED GROWOUT ACTIVITIES; FACILITATION OF DEVELOPMENT OF ENHANCED STRAINS OF SEEDS
GROWOUT RELATED EXPENSES AND REIMBURSEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Richards President | OfficerTrustee | $0 | |
Luke Turner Vice Preside | OfficerTrustee | $0 | |
Margaret Shields Imm. Past Pr | OfficerTrustee | $0 | |
Dr Bryan Gentsch Exec. VP | Officer | $0 | |
Brett Bamert Director | Trustee | $0 | |
Drew Morano Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,391 |
| Investment income | $0 |
| 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 | $341,096 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $85,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,527 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,439 |
| All other expenses | $0 |
| Total functional expenses | $271,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,662 |
| Savings and temporary cash investments | $403,709 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $617,371 |
| Accounts payable and accrued expenses | $5,874 |
| 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 | $5,874 |
| 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 |
| Total liabilities and net assets/fund balances | $611,497 |
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