Arkansas Rice Federation
- Assets
- $170.6k
- Revenue
- $314.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- Data as of
- 07/2023
- EIN
- 90-0939243
Organization Overview
Arkansas Rice Federation is located in Little Rock, AR. Arkansas Rice Federation 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 07/2023, Arkansas Rice Federation generated $314.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $268.7k during the year ending 07/2023. 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
PROMOTE & PROTECT THE INTERESTS OF RICE PRODUCERS, MILLERS, MERCHANTS & ALLIED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS THE FULL-TIME VOICE FOR THE INDUSTRY, PROVIDING PROACTIVE OUTREACH TO THE ARKANSAS GENERAL ASSEMBLY, SERVING AS THE LIAISON TO THE ARKANSAS GOVERNOR'S OFFICE, PROVIDING OUTREACH TO THE STATE CONGRESSIONAL DELEGATION IN WASHINGTON, D.C., COORDINATING ON KEY ISSUES WITH STATE AND NATIONAL COMMODITY GROUPS, AND SERVING AS THE PRIMARY MEDIA CONTACT FOR THE ARKANSAS RICE INDUSTRY. ARKANSAS RICE FEDERATION IS A MEMBER OF THE USA RICE FEDERATION, THE GLOBAL ADVOCATE FOR ALL SEGMENTS OF THE U.S. RICE INDUSTRY WITH A MISSION TO PROMOTE AND PROTECT THE INTEREST OF PRODUCERS, MILLERS, MERCHANTS AND ALLIED BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Gairhan Chairman | OfficerTrustee | 2 | $0 |
Jennifer James Board Member | Trustee | 2 | $0 |
Dow Brantley Board Member | Trustee | 2 | $0 |
Joe Mencer Board Member | Trustee | 2 | $0 |
Jeff Rutledge Board Member | Trustee | 2 | $0 |
Kevin Mcgilton Board Member | Trustee | 2 | $0 |
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 | $313,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,984 |
| Total Program Service Revenue | $0 |
| 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 | $313,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,688 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $132,500 |
| 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 | $55,000 |
| Fees for services: Legal | $1,671 |
| Fees for services: Accounting | $19,200 |
| Fees for services: Lobbying | $7,889 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,753 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,002 |
| Travel | $16,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,083 |
| All other expenses | $5,175 |
| Total functional expenses | $268,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,199 |
| Savings and temporary cash investments | $0 |
| 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 | $21,542 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,901 |
| Total assets | $170,642 |
| Accounts payable and accrued expenses | $11,607 |
| Grants payable | $0 |
| Deferred revenue | $6,326 |
| 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 | $27,683 |
| Total liabilities | $45,616 |
| Net assets without donor restrictions | $125,026 |
| 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 | $170,642 |