Hop Growers Of America Inc
- Assets
- $965.1k
- Revenue
- $851.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Yakima, WA
- Founding
- 02/1959
- Data as of
- 12/2023
- EIN
- 91-0753487
Organization Overview
Hop Growers Of America Inc is located in Yakima, WA. The organization was established in 1959. According to its NTEE Classification (C42) the organization is classified as: Garden Clubs, under the broad grouping of Environment and related organizations. This organization is the central organization for a national or regional group of organizations. Hop Growers Of America Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Hop Growers Of America Inc generated $851.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $859.3k during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 5 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
A TRADE ASSOCIATION FOCUSED ON GROWER SUPPORT THROUGH RESEARCH, TRADE PROMOTION AND HARMONIZATION, EDUCATIONAL OUTREACH, AND RELATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL EDUCATION AND COMMUNICATION PROGRAM:HOP GROWERS OF AMERICA HAS WORKED TO DEVELOP INTERNATIONAL MARKETS FOR U.S. HOPS SINCE 1990. THIS PROGRAM ENDEAVORS TO INCREASE WORLDWIDE USE OF AMERICAN HOPS BY FACILITATING COMMUNICATION BETWEEN GROWERS, MERCHANTS AND BREWERS, AND BY EDUCATING BREWERS ON THE QUALITY, VARIETY AND TRADITION OF U.S. HOPS.
ANNUAL AMERICAN HOP CONVENTION: HOP GROWERS OF AMERICA ORGANIZES AN ANNUAL AMERICAN HOP CONVENTION, WHICH IS HOSTED IN ROTATION WITH AFFILIATED HOP ASSOCIATIONS. CONVENTION ACTIVITIES TYPICALLY INCLUDE: THE HOP RESEARCH COUNCIL WINTER MEETING, HRC RESEARCH REPORTS AND POSTER SESSIONS, QUALITY CONTROL, BEST PRACTICES, AND FOOD SAFETY EDUCATIONAL SESSIONS; U.S. HOP INDUSTRY PLANT PROTECTION COMMITTEE AND SMALL GROWER COUNCIL MEETINGS; TRADE SHOW AND USDA/UNIVERSITY AGRICULTURAL RESEARCH PRESENTATIONS.
BEST PRACTICES/GOOD BINES PROGRAM: PROVIDES EDUCATIONAL RESOURCES TO HOP GROWERS ON SUSTAINABILITY, FOOD SAFETY, AND FARMING BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Roy Board Director | Trustee | 0.5 | $0 |
Oliver Schroeder President | OfficerTrustee | 1.5 | $0 |
Todd Koch Board Director | Trustee | 0.5 | $0 |
Jared Favilla Vice President | OfficerTrustee | 1.5 | $0 |
Jason Perrault Board Director | Trustee | 0.5 | $0 |
Nate Jackson Board Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $394,666 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $437,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $837,041 |
| Total Program Service Revenue | $4,650 |
| Investment income | $7,975 |
| 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 | $851,666 |
| 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. | $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 | $250,000 |
| 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 | $600 |
| Fees for services: Other | $202,332 |
| Advertising and promotion | $0 |
| Office expenses | $189,234 |
| Information technology | $10,362 |
| Royalties | $0 |
| Occupancy | $36,465 |
| Travel | $129,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,369 |
| All other expenses | $125 |
| Total functional expenses | $859,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,234 |
| Savings and temporary cash investments | $439,369 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $156,378 |
| 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 | $1,042 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $101,079 |
| Total assets | $965,102 |
| Accounts payable and accrued expenses | $41,745 |
| 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 | $101,079 |
| Total liabilities | $142,824 |
| Net assets without donor restrictions | $822,278 |
| 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 | $965,102 |