Foundation For Agronomic Research Inc
- Assets
- $947.0k
- Revenue
- $20.9k
- Investments
- $518.4k
- Employees
- 0
- Location
- Arlington, VA
- Founding
- 10/1981
- Data as of
- 12/2022
- EIN
- 58-1406074
Organization Overview
Foundation For Agronomic Research Inc is located in Arlington, VA. The organization was established in 1981. 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. Foundation For Agronomic Research 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, Foundation For Agronomic Research Inc generated $20.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (38.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Foundation For Agronomic Research Inc has awarded 101 individual grants totaling $9,798,795. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corey Rosenbusch Board President | 1 | $0 | |
Catharine Perry Director | 1 | $0 | |
Kurt Mcmillan Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $44,721 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,288 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,500 |
| Total Revenue | $20,933 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,120 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $120 |
| Total operating and administrative expenses | $18,864 |
| Contributions, gifts, grants paid | $1,975,502 |
| Total expenses and disbursements | $1,994,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,775 |
| Savings and temporary cash investments | $11,483 |
| 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 | $4,363 |
| Total assets | $947,019 |
| Accounts payable and accrued expenses | $1,542,579 |
| 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 | $424 |
| Total liabilities | $1,543,003 |
Grants Awarded
Over the last fiscal year, Foundation For Agronomic Research Inc has awarded $1,975,502 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AGRICULTURE AND AGRI-FOOD CANADA CO RECEIVER GENERAL FOR CANADA PURPOSE: AGRICULTURAL RESEARCH | $22,242 |
UNIVERSITY OF ARIZONA PURPOSE: AGRICULTURAL RESEARCH | $188,877 |
FERTILIZER CANADA PURPOSE: AGRICULTURAL RESEARCH | $232,769 |
USDA AGRICULTURE RESEARCH SERVICE PURPOSE: AGRICULTURAL RESEARCH | $37,750 |
VIRGINIA TECH PURPOSE: AGRICULTURAL RESEARCH | $298,343 |
THE UNIVERSITY OF MANITOBA PURPOSE: AGRICULTURAL RESEARCH | $430,650 |