Wheat Marketing Center Inc
- Assets
- $5.1m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Portland, OR
- Founding
- 09/1996
- Data as of
- 06/2023
- EIN
- 93-0957946
Organization Overview
Wheat Marketing Center Inc is located in Portland, OR. The organization was established in 1996. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2023, Wheat Marketing Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheat Marketing Center 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 06/2023, Wheat Marketing Center Inc generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CONDUCT WHEAT RESEARCH PROJECTS AND TO PROVIDE RELATED EDUCATIONAL ACTIVITIES TO THE WORLDWIDE WHEAT-CONSUMING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH ACTIVITIES ARE PERFORMED TO EDUCATE THE PUBLIC ABOUT THE USE OF U.S. WHEAT. THE LAB PERFORMS RESEARCH ACTIVITIES IN THE AREAS OF MILLING AND PRODUCTION TECHNIQUES FOR WHEAT. ADDITIONALLY, THE LAB EXPERIMENTS WITH DIFFERENT FORMULATIONS FEATURING WHEAT IN AREAS OF GROWING CONSUMER INTEREST. LABORATORY SPECIALISTS HAVE CONSULTED WITH FOREIGN USERS OF U.S. WHEAT IN IDENTIFYING THE BEST TYPES OF U.S. WHEAT FOR A GIVEN PRODUCT AND IN IDENTIFYING THE BEST PROCESSES FOR PREPARING WHEAT PRODUCTS GEARED TO A TARGETED CONSUMER MARKET. IN THIS ROLE, THE WMC, INC. SUPPORTS THE EFFORTS OF STATE WHEAT COMMISSIONS IN PROVIDING INFORMATION AND TECHNICAL HELP TO DOMESTIC BUYERS AND POTENTIAL INTERNATIONAL BUYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jayne Bock Technical Di | 40 | $135,863 | |
Janice Cooper Ex-Managing | Officer | 40 | $109,514 |
Mike Moran Executive Di | Officer | 40 | $105,611 |
John Akre Treasurer | OfficerTrustee | 1 | $0 |
Brit Ausman Director | Trustee | 1 | $0 |
Augusto Bassanini Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $243,000 |
| Government grants | $1,024,372 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,267,372 |
| Total Program Service Revenue | $190,796 |
| Investment income | $19,486 |
| 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 | $1,477,654 |
| 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. | $256,084 |
| Compensation of current officers, directors, key employees. | $64,021 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $432,215 |
| Pension plan accruals and contributions | $31,979 |
| Other employee benefits | $77,799 |
| Payroll taxes | $54,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,106 |
| Fees for services: Accounting | $21,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,208 |
| Office expenses | $7,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $313,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,963 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $109,670 |
| Insurance | $35,392 |
| All other expenses | $59,194 |
| Total functional expenses | $1,518,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,897 |
| Savings and temporary cash investments | $1,148,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,900 |
| 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 | $24,809 |
| Net Land, buildings, and equipment | $192,721 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,354,663 |
| Other assets | $14,000 |
| Total assets | $5,059,299 |
| Accounts payable and accrued expenses | $89,842 |
| 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 | $3,396,317 |
| Total liabilities | $3,486,159 |
| Net assets without donor restrictions | $1,573,140 |
| 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 | $5,059,299 |