Fertilizer Institute
- Assets
- $18.9m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Arlington, VA
- Founding
- 03/1957
- Data as of
- 06/2021
- EIN
- 53-0225257
Organization Overview
Fertilizer Institute is located in Arlington, VA. The organization was established in 1957. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2021, Fertilizer Institute employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fertilizer Institute 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 06/2021, Fertilizer Institute generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT AND ADVANCE THE PLANT NUTRITION INDUSTRY TO ACHIEVE SUSTAINABLE AGRICULTURAL SYSTEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND MEETINGS: THE INSTITUTE HOLDS MEETINGS WHICH PROVIDE A FORUM FOR INFORMATION EXCHANGE AND BUSINESS NETWORKING. ADDITIONAL TOPICS OF THESE MEETINGS INCLUDE POLICY ADVOCACY, ENVIRONMENT, SAFETY AND SUSTAINABILITY.
MEMBERSHIP SERVICES INCLUDING:- MARKET INTELLIGENCE DATA COLLECTION AND AGGREGATION,- PUBLIC RELATIONS PROGRAMS TO ENSURE THAT STAKEHOLDERS HAVE ACCURATE, SCIENCE-BASED INFORMATION ON FERTILIZERS, INCLUDING THEIR CHARACTERISTICS, HOW THEY ARE MADE AND BEST PRACTICES IN EFFICIENT FERTILIZER USE.- EDUCATION ON INNOVATIVE TRENDS AND TECHNOLOGIES IN THE FERTILIZER INDUSTRY.
LEGISLATIVE AND REGULATORY ACTIVITY: ENGAGE WITH CONGRESS AND GOVERNMENT AGENCIES TO ENSURE THAT THE FERTILIZER INDUSTRY'S VOICE IS HEARD AS RELEVANT POLICIES ARE DEVELOPED, REFINED AND INTERPRETED BY REGULATORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Rosenbusch President & CEO | OfficerTrustee | 40 | $457,353 |
Harry Vroomen Vice President, Economics | Officer | 40 | $249,717 |
Kathleen Mathers Vice President, Pub. Affai | Officer | 40 | $233,601 |
Lara Moody Vice President, Stewardship And Sustainability | Officer | 40 | $227,630 |
Kurt Mcmillan Chief Administrative Officer | Officer | 35 | $227,072 |
Clark Mica Vice President, Government Affairs | Officer | 40 | $202,420 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gallagher & Kennedy Legal | 6/29/21 | $220,435 |
Achurch Consulting Ams Consultant | 6/29/21 | $366,713 |
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 | $97,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,066 |
| Total Program Service Revenue | $7,317,948 |
| Investment income | $305,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,038,493 |
| 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. | $2,011,006 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,961,131 |
| Pension plan accruals and contributions | $271,380 |
| Other employee benefits | $370,561 |
| Payroll taxes | $237,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $553,992 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $24,583 |
| Fees for services: Other | $518,328 |
| Advertising and promotion | $60,088 |
| Office expenses | $186,677 |
| Information technology | $57,337 |
| Royalties | $0 |
| Occupancy | $435,588 |
| Travel | $73,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $170,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,213 |
| Insurance | $35,556 |
| All other expenses | $143,935 |
| Total functional expenses | $7,793,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,048,824 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,695 |
| 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 | $88,075 |
| Net Land, buildings, and equipment | $15,816 |
| Investments—publicly traded securities | $17,179,475 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $213,119 |
| Other assets | $374,456 |
| Total assets | $18,942,460 |
| Accounts payable and accrued expenses | $543,287 |
| Grants payable | $0 |
| Deferred revenue | $276,142 |
| 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 | $111,533 |
| Total liabilities | $930,962 |
| Net assets without donor restrictions | $17,983,165 |
| Net assets with donor restrictions | $28,333 |
| 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 | $18,942,460 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fertilizer Institute has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
American Farm Bureau Federation Washington, DC PURPOSE: CONTRIBUTION TO THE GEOSYNTEC CONSULTING PROJECT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Food Institute Inc Arlington, VA | $59,697,609 | $43,468,835 |
U S Wheat Associates Inc Arlington, VA | $10,059,888 | $16,530,559 |
Croplife America Arlington, VA | $12,856,651 | $16,559,084 |
Farm Credit Council Washington, DC | $26,254,503 | $9,583,866 |
International Dairy Foods Association Washington, DC | $19,193,960 | $9,213,468 |
Fertilizer Institute Arlington, VA | $18,942,460 | $8,038,493 |
United Fresh Produce Association Washington, DC | $12,439,759 | $7,316,558 |
Council For Responsible Nutrition Washington, DC | $3,435,827 | $6,857,561 |
American Society For Nutrition Inc Rockville, MD | $12,388,621 | $7,002,312 |
Snac International Arlington, VA | $7,767,502 | $4,045,674 |
National Turkey Federation Inc Washington, DC | $2,279,580 | $3,462,496 |
Feeding The Carolinas Raleigh, NC | $945,910 | $2,848,131 |