Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $88,331

• 1d · Related organizations

  $36,816,475

• 1e · Government grants (contributions)

  $588,142

• 1f · All other contributions, gifts and grants

  $1,755,490

• 1g · Noncash contributions included above

  $15,000

• 2a · Program service revenue: FARM OPERATIONS

  total $956,309 · related or exempt $956,309

• 2b · Program service revenue: EDUCATION COURSES

  total $202,641 · related or exempt $202,641

• 3 · Investment income

  total $711,530 · excluded $711,530

• 5 · Royalties

  total $70,469 · excluded $70,469

• 7a · Gross sales of assets other than inventory

  securities $17,669,020 · other assets $261,322

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

  securities $13,798,223 · other assets $52,408

• 7c · Gain or loss

  securities $3,870,797 · other assets $208,914

• 7d · Net gain or loss

  total $4,079,711 · excluded $4,079,711

• 8a · Fundraising events: gross income

  $8,450

• 8a · Fundraising events: contributions included on line 1c

  $88,331

• 8b · Fundraising events: direct expenses

  $56,816

• 8c · Net income from fundraising events

  total -$48,366 · excluded -$48,366

• 11a · Other revenue: INSURANCE PROCEEDS

  total $370,985 · excluded $370,985

• 11b · Other revenue: ENERGY IMP. PROG. REBATES

  total $165,653 · excluded $165,653

• 11c · Other revenue: SALE OF SCRAP METALS

  total $85,438 · excluded $85,438

• 11d · All other revenue

  total $142,111 · unrelated business $2,243 · excluded $139,868

• 11e · Other revenue, total

  $764,187

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $62,952 · program services $62,952

• 2 · Grants to domestic individuals

  total $65,000 · program services $65,000

• 5 · Compensation of officers, directors and key employees

  total $4,020,621 · program services $3,469,048 · management and general $342,097 · fundraising $209,476

• 7 · Other salaries and wages

  total $16,284,321 · program services $14,050,337 · management and general $1,385,560 · fundraising $848,424

• 8 · Pension plan contributions

  total $1,456,930 · program services $1,265,910 · management and general $129,711 · fundraising $61,309

• 9 · Other employee benefits

  total $3,594,596 · program services $3,108,548 · management and general $316,665 · fundraising $169,383

• 10 · Payroll taxes

  total $1,369,839 · program services $1,186,087 · management and general $114,135 · fundraising $69,617

• 11b · Fees: legal

  total $63,455 · program services $51,957 · management and general $8,172 · fundraising $3,326

• 11c · Fees: accounting

  total $123,507 · program services $100,862 · management and general $16,095 · fundraising $6,550

• 11f · Fees: investment management

  total $71,467 · management and general $71,467

• 11g · Fees: other

  total $7,086,810 · program services $6,498,898 · management and general $417,862 · fundraising $170,050

• 12 · Advertising and promotion

  total $546,093 · program services $498,509 · management and general $33,813 · fundraising $13,771

• 13 · Office expenses

  total $233,159 · program services $198,688 · management and general $22,433 · fundraising $12,038

• 14 · Information technology

  total $1,713,324 · program services $1,415,123 · management and general $197,872 · fundraising $100,329

• 15 · Royalties

  total $10,405 · program services $10,405

• 16 · Occupancy

  total $1,703,961 · program services $1,405,011 · management and general $212,480 · fundraising $86,470

• 17 · Travel

  total $1,050,173 · program services $920,256 · management and general $84,174 · fundraising $45,743

• 19 · Conferences, conventions and meetings

  total $382,955 · program services $337,306 · management and general $22,408 · fundraising $23,241

• 20 · Interest

  total $30,962 · program services $26,695 · management and general $3,033 · fundraising $1,234

• 22 · Depreciation, depletion and amortization

  total $5,232,539 · program services $4,834,426 · management and general $282,960 · fundraising $115,153

• 23 · Insurance

  total $449,452 · program services $374,339 · management and general $53,387 · fundraising $21,726

• 24a · Other expenses: FARM OPERATIONS

  total $812,271 · program services $762,374 · management and general $35,034 · fundraising $14,863

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $691,272 · program services $590,152 · management and general $71,872 · fundraising $29,248

• 24c · Other expenses: PRINTING AND PUBLICATIO

  total $147,099 · program services $110,123 · management and general $13,931 · fundraising $23,045

• 24d · Other expenses: EQUIPMENT

  total $120,688 · program services $104,180 · management and general $11,733 · fundraising $4,775

• 24e · All other expenses

  total $593,525 · program services $570,607 · management and general $14,754 · fundraising $8,164

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,515,774 · end of year $3,718,008

• 3 · Pledges and grants receivable

  beginning of year $806,740 · end of year $512,244

• 4 · Accounts receivable

  beginning of year $710,562 · end of year $279,206

• 8 · Inventories for sale or use

  beginning of year $20,217 · end of year $15,588

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,157,639 · end of year $1,736,294

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

  $191,458,736

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

  $101,563,264

• 10c · Land, buildings and equipment, net

  beginning of year $74,603,385 · end of year $89,895,472

• 11 · Investments: publicly traded securities

  beginning of year $19,545,212 · end of year $22,783,795

• 12 · Investments: other securities

  beginning of year $34,833,303 · end of year $20,848,133

• 15 · Other assets

  beginning of year $980,515 · end of year $686,888

• 17 · Accounts payable and accrued expenses

  beginning of year $3,682,406 · end of year $7,759,176

• 23 · Secured mortgages and notes payable

  beginning of year $440,000

• 25 · Other liabilities

  beginning of year $5,086,842 · end of year $5,226,947

• 27 · Net assets without donor restrictions

  beginning of year $128,456,999 · end of year $127,370,505

• 28 · Net assets with donor restrictions

  beginning of year $507,100 · end of year $119,000

The filer's explanations (Part III)

PART I, LINE 1A

THE INSTITUTE PROVIDES ITS EMPLOYEES ON PART VII, SECTION A, LINE 1A CERTAIN FRINGE BENEFITS ANCILLARY TO THEIR ORDINARY COMPENSATION; TO THE EXTENT THAT THESE FRINGE BENEFITS ARE BUSINESS RELATED, THEY ARE TREATED AS A NON-TAXABLE BENEFIT; TO THE EXTENT THEY ARE DEEMED TAXABLE EXPENSES, THEY ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).DURING THE TAX YEAR, THE INSTITUTE OFFERED: - FIRST-CLASS OR CHARTER TRAVEL: ON LIMITED AND OCCASIONAL CIRCUMSTANCES AND PURSUANT TO AN ORGANIZATIONAL BUSINESS EXPENDITURE POLICY, EMPLOYEES WERE GRANTED AN EXCEPTION TO THE POLICY'S REQUIREMENT OF "[COMMERCIAL] ECONOMY CLASS" FOR AIR TRAVEL. ANY SUCH DEVIATION REQUIRES: (1) PRE-APPROVAL BY THE EMPLOYEE'S SUPERVISORS AND (2) A SHOWING THAT STANDARD AIRFARE WOULD REQUIRE CIRCUITOUS ROUTING, TRAVEL DURING UNREASONABLE HOURS, EXCESSIVELY PROLONGED TRAVEL, RESULT IN INCREASED COST THAT WOULD OFFSET TRANSPORTATION SAVINGS, IS NOT REASONABLY ADEQUATE FOR THE PHYSICAL OR MEDICAL NEEDS OF THE TRAVELER OR IS NOT REASONABLY AVAILABLE TO MEET TRAVEL REQUIREMENTS. AS THIS EXPENDITURE WAS INCURRED IN THE FURTHERANCE OF BUSINESS, IT HAS BEEN TREATED AS A NON-TAXABLE BENEFIT. -CERTAIN FRINGE BENEFITS ARE GROSSED UP FOR SOCIAL SECURITY AND MEDICARE TAXES FOR EMPLOYEES. THESE AMOUNTS HAVE BEEN REPORTED AS TAXABLE WAGES IN COLUMN (B)(III). - SOCIAL DUES: THE INSTITUTE PROVIDED SOCIAL CLUB DUES FOR THE PRESIDENT, VICE PRESIDENT, AND GENERAL COUNSEL. THE VALUE OF THE DUES HAS BEEN REPORTED AS TAXABLE WAGES IN COLUMN (B)(III).

PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN CONTRIBUTIONS TO THE EMPLOYEES' SECTION 457(F) PLANS ARE REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN (C). THE FOLLOWING INDIVIDUALS RECEIVED CONTRIBUTIONS TO A 457(F) PLAN: STEVEN P. RHINES - $18,516.18 A. JILL WALLACE - $2,072.68

PART I, LINE 7

NON-FIXED PAYMENTS AS A COMPONENT OF ITS DIRECT BENEFITS, NOBLE'S TOTAL COMPENSATION PACKAGE SUPPORTS THE MISSION, VISION AND VALUES. THESE PAYMENTS INCLUDE AN INCENTIVE PROGRAM THAT ALIGNS WITH KEY ORGANIZATIONAL GOALS AND INCLUDES BOTH INSTITUTE-WIDE AND INDIVIDUAL EFFORTS, BUT EACH OFFERS COMPENSATION IF SUCCESSFULLY COMPLETED. THE GOALS ARE DETERMINED BY THE LEADERSHIP TEAM AND ARE EVALUATED AND APPROVED BY THE LEADERSHIP TEAM. INCENTIVE PAYMENTS ARE AT THE DISCRETION OF THE BOARD OF DIRECTORS AND ARE NOT GUARANTEED.