American Seed Trade Association
- Assets
- $7.4m
- Revenue
- $6.8m
- Investments
- $83.7k
- Employees
- 18
- Location
- Alexandria, VA
- Founding
- 12/1956
- Data as of
- 06/2022
- EIN
- 53-0258218
Organization Overview
American Seed Trade Association is located in Alexandria, VA. The organization was established in 1956. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, American Seed Trade Association employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Seed Trade Association 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 06/2022, American Seed Trade Association generated $6.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 1.6% 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
TO PROMOTE FREE MOVEMENT OF SEED ASSOCIATED PRODUCTS & SERVICES THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL INITIATIVES - INTERNATIONAL MARKET DEVELOPMENT SEEKS TO INFORM MEMBERS ABOUT INTERNATIONAL MARKETS FOR UNITED STATES SEEDS.
POLICY - WE HAVE PUBLICATIONS THAT PROVIDE TECHNICAL, EDUCATIONAL, AND LEGISLATIVE INFORMATION TO MEMBERS AND OTHERS INTERESTED IN THE SEED AND PLANTING INDUSTRY.
MEETINGS - WE HOST CONVENTIONS AND SEMINARS IN ORDER TO PROVIDE A FORUM FOR EDUCATION AND FOR THE EXCHANGE OF IDEAS RELATED TO THE SEED TRADE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Lavigne Ceo/president & Treasurer | Officer | 40 | $946,864 |
Ann B Jorss Chief Operating Officer | Officer | 40 | $215,520 |
Patrick Miller Dir. Of State Gov't Affairs | Officer | 40 | $181,138 |
Fan-Li Chou Sr. VP Of Scientific Affair & Policy | 40 | $205,881 | |
Bethany Shively Director Of Communication | Officer | 40 | $169,408 |
Janae Brady VP Of Gov't Affairs | 40 | $184,750 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Omni Hotels And Resorts Conference Hosting | 6/29/22 | $167,947 |
Hyatt Regency Chicago Conference Hosting | 6/29/22 | $137,691 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $932,992 |
| 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 | $932,992 |
| Total Program Service Revenue | $5,472,257 |
| Investment income | $93,549 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $282,035 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,785,185 |
| 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. | $2,337,802 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $828,127 |
| Pension plan accruals and contributions | $161,782 |
| Other employee benefits | $78,545 |
| Payroll taxes | $145,412 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $272,519 |
| Fees for services: Accounting | $39,974 |
| Fees for services: Lobbying | $180,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,635 |
| Fees for services: Other | $331,772 |
| Advertising and promotion | $67,724 |
| Office expenses | $148,220 |
| Information technology | $93,417 |
| Royalties | $0 |
| Occupancy | $257,122 |
| Travel | $305,764 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $817,638 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,000 |
| Insurance | $18,935 |
| All other expenses | $0 |
| Total functional expenses | $7,255,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,942 |
| Savings and temporary cash investments | $680,465 |
| Pledges and grants receivable | $263,390 |
| Accounts receivable, net | $6,464 |
| 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 | $359,637 |
| Net Land, buildings, and equipment | $137,469 |
| Investments—publicly traded securities | $5,449,906 |
| Investments—other securities | $83,734 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,000 |
| Total assets | $7,353,007 |
| Accounts payable and accrued expenses | $716,009 |
| Grants payable | $0 |
| Deferred revenue | $1,220,505 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,550 |
| 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 | $760,392 |
| Total liabilities | $2,714,456 |
| Net assets without donor restrictions | $4,457,264 |
| Net assets with donor restrictions | $181,287 |
| 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 | $7,353,007 |