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← NEW MARKETS LAB

Form 990 for tax year 2023

Filed by NEW MARKETS LAB.

Totals

Total revenue
$723,860
Total expenses
$614,342
Contributions and grants received
$723,860
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$137,334
Total liabilities, end of year
$13,461
Net assets or fund balances, end of year
$123,873
Program services expenses (Part IX)
$501,247
Management and general expenses
$61,465
Fundraising expenses
$51,630
Program service expenses (Part III)
$501,247

Program services were 81.6% 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.

  • 1f · All other contributions, gifts and grants

    $723,860

  • 2a · Program service revenue: SERVICES

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $240,000 · program services $180,000 · management and general $24,000 · fundraising $36,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $70,467 · program services $70,467

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $6,044 · program services $4,876 · management and general $467 · fundraising $701

  • 10 · Payroll taxes

    total $19,989 · program services $16,125 · management and general $1,545 · fundraising $2,319

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $125,435 · program services $125,435

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $15,752 · program services $2,363 · management and general $11,814 · fundraising $1,575

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $16,637 · program services $14,973 · fundraising $1,664

  • 17 · Travel

    total $92,947 · program services $83,653 · fundraising $9,294

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $2,850 · program services $2,850

  • 20 · Interest

    total $13,312 · management and general $13,312

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $170 · program services $25 · management and general $128 · fundraising $17

  • 23 · Insurance

    total $6,891 · management and general $6,891

  • 24a · Other expenses: DONATIONS

    total $2,000 · management and general $2,000

  • 24b · Other expenses: BANK FEES

    total $1,248 · management and general $1,248

  • 24c · Other expenses: TELEPHONE

    total $600 · program services $480 · management and general $60 · fundraising $60

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $60,269 · end of year $137,334

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,705

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,705

  • 10c · Land, buildings and equipment, net

    beginning of year $170 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,123 · end of year $769

  • 25 · Other liabilities

    beginning of year $13,141 · end of year $12,692

  • 27 · Net assets without donor restrictions

    beginning of year $10,175 · end of year $123,873

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED FOR THE CHARITABLE AND EDUCATIONAL PURPOSE OF: ADVANCE THE SPREAD OF SUSTAINABLE AND EQUITABLE COMMERCIAL AGRICULTURE ALONG AFRICA'S "DEVELOPMENT CORRIDORS" IN WAYS THAT MEASURABLY IMPROVE THE INCOME OF SMALL FARMERS AND INTEGRATE THEM INTO A DYNAMIC, INTERNATINALLY COMPETITIVE AGRICULTURAL SECTOR.

  • IN 2023, THE NEW MARKETS LAB (NML) PARTNERED WITH NEW AND EXISTING ORGANIZATIONS TO FURTHER ITS MISSION OF ADVANCING THE SPREAD OF SUSTAINABLE AND EQUITABLE COMMERCIAL AGRICULTURE TO THE BENEFIT OF SMALL FARMERS AND COMMUNITIES AND LEVERAGING LAW AND REGULATION AS A TOOL TO ADVANCE ECONOMIC AND SOCIAL DEVELOPMENT IN AN EVOLVING GLOBAL MARKET.International Food Policy Research Institute (IFPRI): In 2023, NML continued its collaboration with IFPRI under the CGIAR Seed Equal Research Initiative. The Initiative aims to support the delivery of seed of improved, climate-resilient, market-preferred and nutritious varieties of priority crops that embody a high rate of genetic gain to farmers, ensuring equitable access for women and other disadvantaged groups. NML developed a study that examined efforts by the Government of Rwanda to improve the legal and regulatory enabling environment for seed trade in Rwanda, including assessment of existing regulatory gaps and proposed interventions that could be taken to address challenges. The study applied NMLs regulatory systems maps (RSMs) tool, which visually depicts regulatory systems, processes, procedures, and their implementation in a step-by-step manner, emphasizing gaps, bottlenecks, and good practices found in law and practice (Kuhlmann, 2021; Kuhlmann et al., 2017). NML also conducted a workshop in Uganda in partnership with IFPRI to launch a study with RSMs previously developed in 2022 focused on the regulatory enabling environment for seed in Uganda. NML also developed learning materials on licensing for National Agricultural Research Extension Systems (NARES) which included an updated annotated licensing guide, an annotated intellectual assets (IA) policy, and an initial curriculum for an ongoing course on licensing.International Maize and Wheat Improvement Center (CIMYYT): In 2023, NML partnered with CIMMYT, an international CGIAR Research Center, focused on creating a more productive, inclusive, and resilient agri-food system (under the Accelerated Varietal Improvement and Seed Delivery of Legumes and Cereals in Africa (AVISA) Project, now the Dryland Legumes and Cereals Project). NML worked on activities designed to support the enabling environment for regulatory policies on variety release and registration, germplasm sharing, and IA management in Tanzania. Specific activities included identification of Tanzanian needs/gaps in licensing and two licensing training sessions for NARES in Tanzania.Consortium Independent Study on Moratorium on Customs Duties on Electronic Transmissions: NML worked on an independent, partly self-funded study with a consortium of partners including AWS and SIA, entitled The MSME Moratorium: Stories from MSMEs in South Africa and Kenya on the WTO Moratorium on Customs Duties on Electronic Transmissions. The study relied on extensive fieldwork carried out in Kenya and South Africa to evaluate the potential effects of the Moratoriums expiration on micro-, small, and medium sized enterprises (MSMEs). The findings underscore the importance of inclusive trade policymaking, engaging stakeholders in consultations, and considering the voices of MSMEs in crafting new trade rules that affect digital trade.Nathan Associates LLC (now the Cadmus Group LLC): NML partnered on a project focused on building capacity of Asia Pacific Economic Cooperation (APEC) economies to develop trade agreements that promote the inclusion of MSMEs, women, Indigenous communities, and others with untapped economic potential in the global economy. The activities under the project aimed to strengthen APEC Committee on Trade and Investment (CTI) members awareness of concepts and research related to inclusive trade, and to highlight existing efforts by economies to incorporate inclusion in trade agreements and trade policy.Cornell University: NML worked on a project with Cornell and U.S. Agency for International Development (USAID) Feed the Future partners and the broader international development community on management of intellectual assets developed under federally funded projects. The project was co-led through the Feed the Future Innovation Lab for Crop Improvement (ILCI) based at Cornell. Based on analysis, interviews, and case studies, the study highlighted common challenges in intellectual asset management, scaling, and dissemination, leading to recommendations on how to strengthen agricultural technology dissemination and scaling and suggestions for developing a tailored USAID framework on management of agricultural technology.United States Department of Agriculture (USDA) and Texas A&M Universitys Center for Education Technologies (TAMU): In 2023, NML collaborated with USDA in partnership with TAMU to develop a companion toolkit to the WTO Standards and Trade and Development Facility (STDF) Good Regulatory Practices (GRP) toolkit on Sanitary and Phytosanitary (SPS) measures that can be used by governments, USDA, and USAID to bolster the adoption of GRPs in SPS activities globally. The toolkit includes operational templates and implementation guidance for SPS stakeholder consultations, regulatory reviews, and due diligence in SPS regulatory reforms for food safety, animal, and plant health.The African Fertilizer and Agribusiness Partnership: NML began a partnership with the African Fertilizer and Agribusiness Partnership (AFAP) in 2016 with the support of the Alliance for a Green Revolution in Africa (AGRA) to focus on legal and regulatory aspects of the fertilizer sector in sub-Saharan Africa and regional alignment of fertilizer laws and regulations. In 2023, NML continuing working with AFAP and AGRA to support development of Malawis legal and regulatory framework for fertilizer as well as carry out a legal review and analysis of the fertilizer regulatory framework of 16 countries in the Southern African Development Community (SADC), in collaboration with ReNAPRI.

    Expenses $501,247

As filed on the 2023 return.

Listed in Part VII

  • Katrin Kuhlmann

    PRESIDENT & DIR

    Total calculated
    $240,000
    From this org
    $240,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $240,000
  • Scott Westfahl

    Director

    Total calculated
    $0
    Hours/week
    1
  • Susan Sechler

    Director

    Total calculated
    $0
    Hours/week
    1
  • Marjorie Florestal

    Director

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349301148

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