American Sweet Potato Marketing Institute Inc

Organization Overview

American Sweet Potato Marketing Institute Inc is located in Benson, NC. The organization was established in 2014. According to its NTEE Classification (K99) the organization is classified as: Food, Agriculture & Nutrition N.E.C., 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. American Sweet Potato Marketing Institute Inc 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 12/2021, American Sweet Potato Marketing Institute Inc generated $358.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $398.1k during the year ending 12/2021. While expenses have increased by 8.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE EXEMPT PURPOSE OF THE AMERICAN SWEET POTATO MARKETING INSTITUTE, INC. IS TO (I)USE GENERIC MARKETING PROGRAMS, BOTH FOREIGN AND DOMESTIC, TO PROMOTE THE UNITED STATES SWEET POTATO INDUSTRY; (II) TO PROMOTE RESEARCH ACTIVITIES DESIGNED TO DEVELOP NEW AND BETTER SWEET POTATO VARIETIES, DISEASE AND INSECT CONTROL, SUSTAINABLE AND EFFICIENT HORTICULTURAL PRACTICES, AS WELL AS IDEAS TO REDUCE THE BARRIERS TO TRADE AND IDENTIFYING NEW MARKETS AND METHODS OF TRADE; AND (III) TO PROVIDE MEMBERS WITH USEFUL AND PRACTICAL INFORMATION, TRENDS AND TRADING PRACTICES RELATIVE TO THE OPERATION AND MANAGEMENT OF THE SWEET POTATO INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PARTICIPATES IN THE UNITED STATES DEPARTMENT OF AGRICULTURE'S MARKET ACCESS PROGRAM AS WELL AS THE EMERGING MARKETS PROGRAM TO HELP DEVELOP, MAINTAIN AND EXPAND EXPORT MARKETS FOR UNITED STATES SWEETPOTATOS.


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Board, Officers & Key Employees

Name (title)Compensation
Michelle Grainger
Treasurer
$0
John C Barnes
President
$0
Gregg Halverson
Vice Preside
$0
Stephanie Williams
Secretary
$0
Tim Dismukes
Director
$0
Jerry Hingle
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$5,500
Fundraising events$0
Related organizations$76,409
Government grants $276,975
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$358,884
Total Program Service Revenue$0
Investment income $0
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 $358,884

Grants Recieved

Over the last fiscal year, we have identified 1 grants that American Sweet Potato Marketing Institute Inc has recieved totaling $66,598.

Awarding OrganizationAmount
Nc Sweet Potato Commission Inc

Benson, NC

PURPOSE: MARKETING GRANT

$66,598
View Grant Recipient Profile

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