Poultry Science Association Inc
- Assets
- $9.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Champaign, IL
- Founding
- 07/1994
- Data as of
- 12/2023
- EIN
- 74-6015450
Organization Overview
Poultry Science Association Inc is located in Champaign, IL. The organization was established in 1994. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Poultry Science Association Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Poultry Science Association 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 12/2023, Poultry Science Association Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 7.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE POULTRY SCIENCE ASSOCIATION IS A GLOBAL SCIENTIFIC SOCIETY DEDICATED TO DISCOVERY AND DISSEMINATION OF KNOWLEDGE GENERATED BY POULTRY RESEARCH THAT ENHANCES HUMAN AND ANIMAL HEALTH AND WELL-BEING AND PROVIDES FOR THE ETHICAL, SUSTAINABLE PRODUCTION OF FOOD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION OF POULTRY SCIENCE JOURNAL: MONTHLY PUBLICATION TO INFORM AND UPDATE MEMBERS REGARDING RESEARCH AND OTHER PERTINENT INFORMATION RELATED TO POULTRY SCIENCE. MEMBERSHIP DUES: MEMBERS RECEIVE A FREE SUBSCRIPTION TO THE JOURNAL WITH THEIR MEMBERSHIP AS WELL AS DISCOUNTED RATES TO PUBLISH RESEARCH.
ALL OTHER MEMBERSHIP SERVICES: PROVIDE MEMBERS WITH CURRENT POULTRY SCIENCE INFORMATION AND OPPORTUNITIES FOR NETWORKING AND COLLABORATION; PROMOTE RECOGNITION OF THOSE ENGAGED IN POULTRY SCIENCE
ANNUAL MEETING: PROVIDE A FORUM FOR THE EXCHANGE, DISCUSSION AND DISSEMINATION OF INFORMATION AND IDEAS RELATED TO POULTRY SCIENCE
PRODUCTION OF JOURNAL OF APPLIED POULTRY RESEARCH: QUARTERLY PUBLICATION TO INFORM AND UPDATE MEMBERS REGARDING RESEARCH AND OTHER PERTINENT INFORMATION RELATED TO POULTRY SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian D Fairchild President | OfficerTrustee | 2 | $0 |
Chasity M Pender Director | Trustee | 1 | $0 |
Deana R Jones Director | Trustee | 1 | $0 |
Douglas F Britton Secretary/treasurer | OfficerTrustee | 2 | $0 |
Douglas R Korver Vice President | OfficerTrustee | 2 | $0 |
Jo Ann Chew Student Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elsevier Inc Publishing Services | 12/30/20 | $272,680 |
Informa Media Inc Technology Services | 12/30/20 | $125,000 |
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 | $18,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,050 |
| Total Program Service Revenue | $1,852,920 |
| Investment income | $288,995 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$95,239 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,064,726 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $80,525 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $327,921 |
| Compensation of current officers, directors, key employees. | $65,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,003 |
| Pension plan accruals and contributions | $10,131 |
| Other employee benefits | $13,284 |
| Payroll taxes | $35,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,823 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,187 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,062 |
| Travel | $113,827 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $557,834 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,280 |
| Insurance | $7,150 |
| All other expenses | $75,273 |
| Total functional expenses | $1,946,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $266,127 |
| Pledges and grants receivable | $205,000 |
| Accounts receivable, net | $6,990 |
| 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 | $140,580 |
| Net Land, buildings, and equipment | $7,000 |
| Investments—publicly traded securities | $8,438,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,650 |
| Other assets | $670,300 |
| Total assets | $9,746,830 |
| Accounts payable and accrued expenses | $28,142 |
| Grants payable | $0 |
| Deferred revenue | $70,564 |
| 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 | $120,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $121,624 |
| Total liabilities | $340,698 |
| Net assets without donor restrictions | $8,513,127 |
| Net assets with donor restrictions | $893,005 |
| 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 | $9,746,830 |