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Nonprofiteer
← NCFC EDUCATION FOUNDATION

Form 990 for tax year 2022

Filed by NCFC EDUCATION FOUNDATION.

Totals

Total revenue
$11,655
Total expenses
$35,117
Contributions and grants received
$0
Grants paid
$21,375
Program service revenue
$0
Investment income
$11,655
Other revenue
$0
Total assets, end of year
$334,011
Total liabilities, end of year
$8,375
Net assets or fund balances, end of year
$325,636
Program services expenses (Part IX)
$33,514
Management and general expenses
$1,603
Fundraising expenses
$0
Program service expenses (Part III)
$33,514

Program services were 95.4% 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.

  • 3 · Investment income

    total $12,557 · excluded $12,557

  • 7a · Gross sales of assets other than inventory

    securities $38,769

  • 7b · Less cost or other basis and sales expenses

    securities $39,671

  • 7c · Gain or loss

    securities -$902

  • 7d · Net gain or loss

    total -$902 · excluded -$902

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $21,375 · program services $21,375

  • 11f · Fees: investment management

    total $1,603 · management and general $1,603

  • 19 · Conferences, conventions and meetings

    total $12,139 · program services $12,139

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $40,094 · end of year $37,638

  • 2 · Savings and temporary cash investments

    beginning of year $6,679 · end of year $5,500

  • 4 · Accounts receivable

    beginning of year $221 · end of year $208

  • 11 · Investments: publicly traded securities

    beginning of year $312,367 · end of year $290,665

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,000 · end of year $8,375

  • 27 · Net assets without donor restrictions

    beginning of year $92,623 · end of year $77,126

  • 28 · Net assets with donor restrictions

    beginning of year $256,738 · end of year $248,510

Mission and programs · 2022

Mission

CARRY OUT CHARITABLE AND EDUCATIONAL PURPOSES OF NATIONAL COUNCIL OF FARMER COOPERATIVES (NCFC).

Activities or mission (Part I)

CARRY OUT CHARITABLE AND EDUCATIONAL PURPOSE OF NATIONAL COUNCIL OF FARMER COOPERATIVES.

  • CARRY OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF NCFC INCLUDING BUT NOT LIMITED TO AGRICULTURAL RESEARCH, CONSERVATION ACTIVITIES AND TEACHING AND INSTRUCTING OTHERS THROUGH LECTURES, BOOKS AND OTHER PUBLICATIONS, THROUGH GRANTS AND OTHER EDUCATIONAL SUPPORT.

    Expenses $33,514 · Grants $21,375

As filed on the 2022 return.

Listed in Part VII

  • Charles Conner

    CHAIRMAN/TRUSTEE

    Total calculated
    $847,288
    From this org
    $0
    From related orgs
    $823,020
    Other
    $24,268
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $622,260 related
    Bonus
    $0 + $199,500 related
    Other
    $0 + $1,260 related
    Deferred
    $0 + $13,500 related
    Nontaxable benefits
    $0 + $10,768 related
    Filer's total
    $0 + $847,288 related

  • Marlis Carson

    SVP/TREASURER/SECRETARY

    Total calculated
    $313,721
    From this org
    $0
    From related orgs
    $290,744
    Other
    $22,977
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,549 related
    Bonus
    $0 + $13,935 related
    Other
    $0 + $1,260 related
    Deferred
    $0 + $8,378 related
    Nontaxable benefits
    $0 + $14,599 related
    Filer's total
    $0 + $313,721 related

  • Dennis Bolling

    VICE CHAIRMAN

    Total calculated
    $7,500
    From this org
    $7,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Laura Ambielli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ashley McClintock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • William Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brent Roggie

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE COMPENSATION PROCESS UNDERTAKEN BY NCFC, A RELATED TAX-EXEMPT ORGANIZATION IS PERFORMED BY THE EXECUTIVE COUNCIL. THE EXECUTIVE COUNCIL REVIEWS THE CEO'S COMPENSATION EACH YEAR THROUGH THE FOLLOWING PROCESS. THE BOARD CHAIRMAN SURVEYS EXECUTIVE COUNCIL MEMBERS FOR THEIR FEEDBACK ON THE CEO'S PERFORMANCE BASED ON A LIST OF CRITERIA. THE CEO ALSO COMPLETES A SELF-EVALUATION. THE EXECUTIVE COUNCIL MEETS TO REVIEW THE SURVEY RESULTS AND THE CEO'S SELF-EVALUATION, AND TO DISCUSS HIS/HER PERFORMANCE GOALS AND ACHIEVEMENTS. THEY THEN USE THE RESULTS OF THE SURVEY AND DATA FROM SIMILARLY SITUATED AG-RELATED ORGANIZATIONS TO DETERMINE THE CEO'S COMPENSATION AND BENEFITS. WITH REGARD TO COMPENSATION OF KEY EMPLOYEES, THE CEO MAKES THOSE DETERMINATIONS FOLLOWING PERFORMANCE REVIEW WITH EACH OF THE KEY EMPLOYEES TO REVIEW PERFORMANCE GOALS AND ACHIEVEMENTS. THE CEO USES COMPENSATION DATA FROM SIMILARLY SITUATED AGRICULTURAL ORGANIZATIONS TO DETERMINE COMPENSATION LEVELS.

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

  • ILLINOIS COLLEGE

    $10,000

    2023 MANAGER OF THE YEAR AWARD TO JIM SPRADIN WHICH HE GRANTED TO THE COLLEGE OF ILLINOIS

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
24 September 2024
IRS schema version
2022v5.0
Source object
202442699349301559

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