Forage & Grassland Foundation Inc
- Assets
- $485.5k
- Revenue
- $26.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 04/1984
- Data as of
- 12/2022
- EIN
- 31-1093415
Organization Overview
Forage & Grassland Foundation Inc is located in Lexington, KY. The organization was established in 1984. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forage & Grassland Foundation 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 12/2022, Forage & Grassland Foundation Inc generated $26.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $30.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Forage & Grassland Foundation Inc has awarded 48 individual grants totaling $186,362. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL CONFERENCES, TRAVEL & FIELD DAYS: EXEMPT PURPOSE ACTIVITIES IN SUPPORT OF EDUCATION AND EXPLORATORY TRAVEL/REASEARCH (U.S. AND INTERNATIONAL LEVEL), REGARDING THE PRODUCTION, SUSTAINABILITY, AND ADVANCEMENT OF QUALTIY FORAGES & GRASSLANDS THAT BENEFIT THE FORAGE/LIVESTOCK INDUSTRY AND U.S. AGRICULTURE AND FARMLANDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Cassida President | 1 | $0 | |
Sam Ingram Vice President | 1 | $0 | |
Ray Smith Secretary | 2 | $0 | |
Tom Keene Treasurer | 2 | $0 | |
Garry Lacefield Director | 1 | $0 | |
Sam Groce Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $117 |
| Dividends & Interest | $7,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,421 |
| Capital Gain Net Income | $18,421 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $26,440 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,569 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $818 |
| Total operating and administrative expenses | $3,837 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $30,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,891 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $456,623 |
| Total assets | $485,514 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Forage & Grassland Foundation Inc has awarded $27,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FORAGE & GRASSLAND COUNCIL PURPOSE: CONFERENCES/RESEARCH | $5,800 |
COLLEGE OF THE OZARKS PURPOSE: MISSION RELATED EDUCATIONAL | $1,000 |
INTERNATIONAL GRASSLAND CONGRESS PURPOSE: VIRTUAL CONFERENCECONFERENCES | $6,200 |
AUBURN UNIVERSITY PURPOSE: EDUCATIONAL | $10,000 |
VIRGINIA TECH PURPOSE: MISSION RELATED EDUCATIONAL | $1,000 |
PURDUE UNIVERSITY PURPOSE: MISSION RELATED EDUCATIONAL | $1,000 |