Form 990 for tax year 2022
Filed by CORN GROWERS ASSOCIATION OF NORTH CAROLINA INC.
Totals
- Total revenue
- $1,200,839
- Total expenses
- $1,553,022
- Contributions and grants received
- $0
- Grants paid
- $1,297,642
- Program service revenue
- $1,199,203
- Investment income
- $1,636
- Other revenue
- $0
- Total assets, end of year
- $2,328,785
- Total liabilities, end of year
- $9,574
- Net assets or fund balances, end of year
- $2,319,211
- Program services expenses (Part IX)
- $1,472,742
- Management and general expenses
- $80,280
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,472,742
Program services were 94.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: CORN ASSESSMENT REVENUE
total $1,199,203 · related or exempt $1,199,203
-
3 · Investment income
total $1,636 · related or exempt $1,636
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,297,642 · program services $1,297,642
-
7 · Other salaries and wages
total $100,541 · program services $60,406 · management and general $40,135
-
10 · Payroll taxes
total $7,643 · management and general $7,643
-
11c · Fees: accounting
total $11,170 · program services $4,468 · management and general $6,702
-
11g · Fees: other
total $5,408 · program services $5,408
-
12 · Advertising and promotion
total $1,178 · program services $589 · management and general $589
-
13 · Office expenses
total $16,944 · program services $8,246 · management and general $8,698
-
17 · Travel
total $17,593 · program services $9,148 · management and general $8,445
-
19 · Conferences, conventions and meetings
total $76,512 · program services $76,512
-
24a · Other expenses: RENT
total $11,400 · program services $8,550 · management and general $2,850
-
24b · Other expenses: OTHER ADMIN EXP
total $4,627 · management and general $4,627
-
24c · Other expenses: TELEPHONE AND INTERNET
total $2,364 · program services $1,773 · management and general $591
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,176,400 · end of year $1,684,691
-
2 · Savings and temporary cash investments
beginning of year $453,654 · end of year $589,091
-
9 · Prepaid expenses and deferred charges
beginning of year $54,395 · end of year $55,003
-
10a · Land, buildings and equipment: cost or other basis
$15,405
-
10b · Land, buildings and equipment: accumulated depreciation
$15,405
-
17 · Accounts payable and accrued expenses
beginning of year $13,055 · end of year $9,574
-
27 · Net assets without donor restrictions
beginning of year $2,671,394 · end of year $2,319,211
Mission and programs · 2022
Mission
RESEARCH & DEVELOPMENT OF CORN AND CORN PRODUCTS
-
NATIONAL CORN GROWERS ASSOCIATION : NATIONAL CORN RESEARCH AND MARKET DEVELOPMENT.
Expenses $227,966 · Grants $222,558 · Revenue $1,199,203
-
U S GRAINS COUNCIL : NATIONAL AGRICULTURE RESEARCH & INTERNATIONAL MARKETING OF U.S. GRAIN PRODUCTS.
Expenses $117,539 · Grants $117,539
-
NORTH CAROLINA STATE UNIVERSITY : CORN GROWTH AND YIELD RESEARCH.
Expenses $873,033 · Grants $873,033
-
VARIOUS NORTH CAROLINA COUNTY EXTENSION & OTHER AGENCIES : CORN GROWTH AND PROMOTION WITHIN NORTH CAROLINA. GRANTS AND ALLOCATIONS GIVEN TO STATE AND REGIONAL ORGANIZATIONS FOR THE PURPOSE OF RESEARCH AND EDUCATION AND MARKET DEVELOPEMENT OF CORN AND CORN PRODUCTS.
Expenses $254,204 · Grants $84,512
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeff SparksJEFF SPARKS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Roy GorenaROY GORENA
SECRETARY
- Total calculated
- $0
- Hours/week
- 4
-
Fred TateFRED TATE
TREASURER
- Total calculated
- $20,000
- From this org
- $20,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 8
-
John PicklerJOHN PICKLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Darren ArmstrongDARREN ARMSTRONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brent BarnesBRENT BARNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Garrett BoydGARRETT BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Chris JonesCHRIS JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Alex JordanALEX JORDAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Craig King JrCRAIG KING JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert KnightROBERT KNIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Franklin LeeFRANKLIN LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jason LeistnerJASON LEISTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Talmadge MathisTALMADGE MATHIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Donovan LocklearDONOVAN LOCKLEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rick MorganRICK MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Maurice SmithermanMAURICE SMITHERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jay M SullivanJAY M SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dennis WallerDENNIS WALLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
NCSU ENDOWMENT FUND
$500,000
CORN RESEARCH
-
N C STATE UNIVERSITY
$373,033
CORN RESEACH
-
NATIONAL CORN GROWERS ASSOCIATION
$222,558
CORN RESEARCH
-
U S GRAINS COUNCIL
$117,539
CORN RESEARCH
-
NC AGRICULTURAL FOUNDATION
$38,864
CORN RESEARCH
-
LOIS G BRITT AGRIBUSINESS CENTER
$8,000
CORN RESEARCH GRANT
-
NC DEPT OF AGRICULTURE
$6,800
CORN RESEARCH PROJ
-
N C A & T STATE UNIVERSITY
$6,000
AG LEADERSHIP PROG
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400189349301365
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