Moving Forward Advisory Council Inc
- Assets
- $162.8k
- Revenue
- $237.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hutchinson, KS
- Founding
- 07/2010
- Data as of
- 12/2023
- EIN
- 27-2612676
Organization Overview
Moving Forward Advisory Council Inc is located in Hutchinson, KS. The organization was established in 2010. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moving Forward Advisory Council 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, Moving Forward Advisory Council Inc generated $237.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $229.3k during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 8 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 MOVING FORWARD ADVISORY COUNCIL IS A DIVERSE COMMUNITY OF THRIVING AGRICULTURE BUSINESSES WHO ARE SHAPING LEGACIES FOR FUTURE GENERATIONS BY FOSTERING RELATIONSHIPS, SHARING EXPERIENCES, CHALLENGING ONE ANOTHER, CREATING BUSINESS OPPORTUNITIES, AND STRENGTHENING THE INDUSTRY WITH ITS ACTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING NETWORKING AND INFORMATION SHARING WITHIN THE GROUP AND ACROSS MULTIPLE GENERATIONS.PROVIDING JOINT AND UNIQUE EDUCATIONAL OPPORTUNITIES.MEMBERS APPLYING EDUCATIONAL OPPORTUNITIES BY JOINING TOGETHER TO LEVERAGE BUYING POWER AND RELATIONSHIPS WITH INPUTS, EQUIPMENT, TECHNOLOGY, AND FINANCE PROVIDERS.MEMBERS LEARNING AND APPLYING THE KNOWLEDGE ON HOW TO REDUCE COMMON OVERHEAD, PRODUCTION, AND RISK MANAGEMENT EXPENSES.DEVELOPING COMMON FORMATS FOR DISCUSSION OF FINANCIAL AND PRODUCTION INFORMATION.EDUCATION FROM EXPLORING BOTH ACTIVE AND PASSIVE REVENUE GENERATION AND "TALENT LEVERAGE" OPPORTUNITIES.PROVIDING AN ANNUAL LOCAL GRANTS PROGRAM AWARD THAT IMPACTS THE COMMUNITIES WHERE THE OPERATIONS ARE LOCATED. THE RECIPIENTS INCLUDE AGRICULTURE SCHOLARSHIPS AT LOCAL SCHOOLS, SCHOOL SUPPLIES FOR LOW INCOME STUDENTS, 4-H CLUBS, FFA CHAPTERS, FOOD BANKS, SENIOR CENTERS, AND VOLUNTEER FIRE DEPARTMENTS. THE OPERATION WAS STARTED IN 2010 WITH 6 OPERATIONS AS PARTICIPANTS. CURRENTLY, THERE ARE 25 OPERATIONS AS PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Miller Board Member | Trustee | 0.5 | $0 |
Doug Kirk Board Member | Trustee | 0.5 | $0 |
Brett Reiss Board President | OfficerTrustee | 0.5 | $0 |
Jan Topp Board Treasurer | OfficerTrustee | 0.5 | $0 |
John Kleystuber Board Member | Trustee | 0.5 | $0 |
Tracy Schohr Board Member | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $237,500 |
| Investment income | $34 |
| 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 | $237,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| 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 | $118,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $101 |
| 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 | $91,800 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,474 |
| All other expenses | $0 |
| Total functional expenses | $229,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,523 |
| Savings and temporary cash investments | $40,394 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,031 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,825 |
| Total assets | $162,773 |
| Accounts payable and accrued expenses | $9,896 |
| 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 | $9,896 |
| Net assets without donor restrictions | $152,877 |
| 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 | $162,773 |
Grants Awarded
Over the last fiscal year, Moving Forward Advisory Council Inc has awarded $22,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MENNONITE ECONOMIC DEV ASSOCIATION PURPOSE: TO PROVIDE SUPPORT FOR OPERATIONS. | $7,500 |
AGRISTEWARDS PURPOSE: TO PROVIDE SUPPORT FOR OPERATIONS. | $7,500 |
CONVOY OF HOPE PURPOSE: TO PROVIDE SUPPORT FOR OPERATIONS. | $7,500 |