Potato Leadership Education And Advancement Foundation
- Assets
- $2.2m
- Revenue
- $169.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 06/2023
- EIN
- 84-3933797
Organization Overview
Potato Leadership Education And Advancement Foundation is located in Washington, DC. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Potato Leadership Education And Advancement Foundation 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 06/2023, Potato Leadership Education And Advancement Foundation generated $169.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $148.6k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GROWING PEOPLE WHO GROW POTATOES- SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DEVELOPMENT, EDUCATIONAL TRAINING AND ADVANCEMENT OPPORTUNITIES: GROWERS WILL LEARN HOW TO BECOME EFFECTIVE COMMUNICATORS, INFLUENCERS, AND DECISION-MAKERS FOR THE INDUSTRY, BROADEN THEIR UNDERSTANDING OF THE KEY OPPORTUNITIES, PRACTICES, AND CHALLENGES AFFECTING NATIONAL POTATO PRODUCTION AND BUILD THEIR INDUSTRY NETWORK THROUGH UNIQUE OPPORTUNITIES FOR COLLABORATION WITH GROWER-LEADERS FROM ACROSS THE COUNTRY. THE LEADERSHIP INSTITUTE ALUMNI SUMMIT BRINGS TOGETHER INSTITUTE GRADUATES TO NETWORK, REFRESH SKILLS, AND LEARN NEW TECHNIQUES TO BETTER POSITION THEMSELVES FOR SUCCESS IN THE POTATO INDUSTRY. THE POTATO INDUSTRY LEADERSHIP INSTITUTE BRINGS TOGETHER OUTSTANDING POTATO GROWERS AND INDUSTRY REPRESENTATIVES FOR EIGHT DAYS OF TRAINING AND PROFESSIONAL DEVELOPMENT.
GRADUATE-LEVEL ANNUAL SCHOLARSHIP: THE POTATO LEADERSHIP, EDUCATION AND ADVANCEMENT FOUNDATION (POTATO LEAF) WILL AWARD A $10,000 ACADEMIC SCHOLARSHIP TO ONE GRADUATE-LEVEL STUDENT CONDUCTING RESEARCH FOR THE BENEFIT OF THE POTATO INDUSTRY. THE WINNER IS SELECTED BASED ON A NUMBER OF CRITERIA, INCLUDING ACADEMIC ACHIEVEMENT, LEADERSHIP ABILITIES, POTATO-RELATED AREAS OF GRADUATE STUDY, BENEFIT TO THE U.S. POTATO INDUSTRY/COMMERCIAL VALUE, EXTRACURRICULAR ACTIVITIES, AND GRADES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Olsen Director | Trustee | 1 | $0 |
Wendy Dykstra Director | Trustee | 1 | $0 |
Rj Andrus Vice Chairman Of The Board | OfficerTrustee | 2 | $0 |
Keith Mcgovern Director | Trustee | 1 | $0 |
Brett Jensen Director | Trustee | 1 | $0 |
Gregg Halverson Chairman Of The Board | OfficerTrustee | 2 | $0 |
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 | $60,789 |
| Noncash contributions included in lines 1a–1f | $38,835 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,789 |
| Total Program Service Revenue | $60,450 |
| Investment income | $51,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,472 |
| Net Income from Fundraising Events | $18,400 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,910 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,854 |
| Fees for services: Other | $15,497 |
| Advertising and promotion | $0 |
| Office expenses | $8,472 |
| Information technology | $8,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,585 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $148,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,044 |
| Savings and temporary cash investments | $217,959 |
| Pledges and grants receivable | $161,266 |
| Accounts receivable, net | $0 |
| 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 | $750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,783,823 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,372 |
| Total assets | $2,192,214 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $19,122 |
| Total liabilities | $19,122 |
| Net assets without donor restrictions | $1,910,076 |
| Net assets with donor restrictions | $263,016 |
| 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 | $2,192,214 |