Zea Mays Foundation
- Assets
- $372.0k
- Revenue
- $33.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 01/2011
- Data as of
- 12/2022
- EIN
- 27-3463672
Organization Overview
Zea Mays Foundation is located in Bloomington, IL. The organization was established in 2011. 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. Zea Mays Foundation 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 12/2022, Zea Mays Foundation generated $33.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (13.1%) each year. All expenses for the organization totaled $23.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COVER CROP PROGRAM: THIS PROGRAM IS IN SUPPORT OF PRECISION CONSERVATION MANAGEMENT, AN INNOVATIVE PROGRAM CREATED TO EMPOWER FARMERS TO ADDRESS THE WATER QUALITY PROBLEMS RELATED TO COMMERCIAL ROW CROP NEAR THE MISSISSIPPI RIVER.
AG SUSTAINABILITY CENTER: THIS PROGRAM IS IN SUPPORT OF THE SUSTAINABILITY CENTER AT ILLINOI CENTRAL COLLEGE, A CENTER FOR REASEARCH AND EDUCATION ON SUSTAINABLE FARMING AND BUILDING PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Art Bunting President | 5 | $0 | |
Susan Adams Treasurer | 5 | $0 | |
Paul Taylor Director | 5 | $0 | |
Kenneth Greene Vice President | 5 | $0 | |
Collin Watters Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $33,012 |
| Interest on Savings | $88 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $33,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,484 |
| Total operating and administrative expenses | $23,034 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $23,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $371,335 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $698 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $372,033 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $299,660 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $299,660 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Zea Mays Foundation has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO SUPPORT THE ACCELERATED ADOPTION OF CONSERVATION PRACTICES THE IMPROVE WATER QUALITY AND ADDRESS CLIMATE CHANGE IN ILLINOIS. | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
National Swine Registry West Lafayette, IN | $2,564,738 | $7,027,546 |
National Snaffle Bit Association Inc Gurnee, IL | $5,863,990 | $6,575,627 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Indiana Corn Marketing Council Indianapolis, IN | $5,137,582 | $5,167,221 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |
Eat Greater Des Moines Des Moines, IA | $273,044 | $4,607,206 |
Missouri Farm Bureau Federation 1616 Missouri Blvd Jefferson City, MO | $26,099,278 | $6,710,697 |
Illinois Crop Improvement Assn Champaign, IL | $3,787,819 | $4,780,035 |
Indiana Crop Improvement Assn Inc Lafayette, IN | $5,728,593 | $3,567,413 |
Wisconsin Farm Bureau Federation Cooperative Madison, WI | $4,550,092 | $4,122,654 |