Independent Professional Seedmen
- Assets
- $1.0m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, AR
- Founding
- 05/1990
- Data as of
- 05/2022
- EIN
- 36-3652987
Organization Overview
Independent Professional Seedmen is located in Fayetteville, AR. The organization was established in 1990. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Professional Seedmen is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2022, Independent Professional Seedmen generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $1.2m during the year ending 05/2022. While expenses have increased by 5.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IDENTIFY PROBLEMS COMMON TO SEED CORN COMPANIES AND TO ADDRESS THOSE PROBLEMS AS A GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND TRAINING MATERIALS REGARDING SEED GENETICS.
ORGANIZATION PROVIDES FORUM FOR GENETICS RESEARCH. INDEPENDENT PRODUCERS ADDRESS PROBLEMS WITH SEED VARIETIES AND PROPOSE CORRECTIVE ACTION THROUGH GENETICS RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colin Steen 2nd Vice President/treasur | OfficerTrustee | 0 | $0 |
Chris Cornelius President | OfficerTrustee | 0 | $0 |
Chris Latham 1st Vice President | OfficerTrustee | 0 | $0 |
Brad Taylor Director | Trustee | 0 | $0 |
Terry Schultz Director | Trustee | 0 | $0 |
Matt Goetz Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marco Services Llc Ceo | 5/30/15 | $48,750 |
G Ruehle Consulting Inc Ceo | 5/30/15 | $157,885 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $261,303 |
| 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 | $261,303 |
| Total Program Service Revenue | $460,157 |
| Investment income | $14,371 |
| 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 | $1,039,099 |
| 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 | $298,229 |
| Fees for services: Legal | $75,327 |
| Fees for services: Accounting | $6,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,518 |
| Fees for services: Other | $61,180 |
| Advertising and promotion | $358 |
| Office expenses | $3,778 |
| Information technology | $11,700 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $59,138 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $966 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,921 |
| All other expenses | $25,118 |
| Total functional expenses | $1,178,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,712 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $271,081 |
| 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 | $82,850 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $562,543 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,036,186 |
| Accounts payable and accrued expenses | $260,669 |
| Grants payable | $0 |
| Deferred revenue | $80,218 |
| 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 | $340,887 |
| Net assets without donor restrictions | $550,299 |
| Net assets with donor restrictions | $145,000 |
| 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 | $1,036,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Builders Association Of Kansas City Kansas City, MO | $9,644,021 | $4,877,663 |
Society Of Louisiana Certified Public Accountants Metairie, LA | $4,331,206 | $3,977,923 |
National Tile Contractors Assoc Jackson, MS | $5,173,530 | $3,514,951 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Austin, TX | $9,333,224 | $3,768,938 |
Tennessee Society Of Certified Public Accountants Brentwood, TN | $4,364,880 | $3,240,812 |
Louisiana Travel Promotion Association Baton Rouge, LA | $925,059 | $2,808,898 |
Houston Chapter Associated General Contractors Of America Inc Houston, TX | $4,720,560 | $2,138,719 |
Orthoforum Inc Knoxville, TN | $4,583,324 | $2,767,682 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Nashville, TN | $4,408,453 | $2,757,970 |
Oklahoma Society Of Certified Public Accountants Oklahoma City, OK | $3,852,398 | $2,628,123 |
Distribution Contractors Association Richardson, TX | $5,080,908 | $2,333,132 |
Engineering And Construction Contracting Association Katy, TX | $871,347 | $1,930,374 |