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Nonprofiteer
← NATIONAL GRAIN & FEED FOUNDATION

Form 990 for tax year 2023

Filed by NATIONAL GRAIN & FEED FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 16 December 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$82,028 changed to $123,028
Total expenses
$39,324 changed to $161,792
Contributions and grants received
$68,982 changed to $90,675
Grants paid
$25,000 changed to $75,383
Investment income
$23,998 changed to $34,603
Other revenue
-$10,952 changed to -$2,250
Total assets, end of year
$1,183,632 changed to $1,250,441
Total liabilities, end of year
$10,441 changed to $0
Net assets or fund balances, end of year
$1,173,191 changed to $1,250,441
Program services expenses
$38,733 changed to $145,831
Management and general expenses
$591 changed to $15,961
Program service expenses (Part III)
$38,733 changed to $145,831

Listed only on the earlier return

  • Sharon Clark

Listed only on the later return

  • Kevin Gray
  • Megan Sheeley

Listed under a different title

  • Mark Avery: TRUSTEE then TRUSTEE UNTIL MAR. 2024
  • Rick Calhoun: TRUSTEE then TRUSTEE UNTIL MAR. 2024

Totals

Total revenue
$82,028
Total expenses
$39,324
Contributions and grants received
$68,982
Grants paid
$25,000
Program service revenue
$0
Investment income
$23,998
Other revenue
-$10,952
Total assets, end of year
$1,183,632
Total liabilities, end of year
$10,441
Net assets or fund balances, end of year
$1,173,191
Program services expenses (Part IX)
$38,733
Management and general expenses
$591
Fundraising expenses
$0
Program service expenses (Part III)
$38,733

Program services were 98.5% 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.

  • 1c · Fundraising events

    $19,635

  • 1f · All other contributions, gifts and grants

    $49,347

  • 3 · Investment income

    total $9,633 · excluded $9,633

  • 7a · Gross sales of assets other than inventory

    securities $14,365

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

    securities $0

  • 7c · Gain or loss

    securities $14,365

  • 7d · Net gain or loss

    total $14,365 · excluded $14,365

  • 8a · Fundraising events: gross income

    $43,040

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

    $19,635

  • 8b · Fundraising events: direct expenses

    $53,992

  • 8c · Net income from fundraising events

    total -$10,952 · excluded -$10,952

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $25,000 · program services $25,000

  • 11b · Fees: legal

    total $299 · management and general $299

  • 13 · Office expenses

    total $292 · management and general $292

  • 17 · Travel

    total $2,733 · program services $2,733

  • 19 · Conferences, conventions and meetings

    total $6,000 · program services $6,000

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $5,000 · program services $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,016 · end of year $38,817

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,384 · end of year $8,314

  • 11 · Investments: publicly traded securities

    beginning of year $1,086,553 · end of year $1,085,420

  • 15 · Other assets

    beginning of year $0 · end of year $51,081

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,329 · end of year $10,441

  • 27 · Net assets without donor restrictions

    beginning of year $1,155,624 · end of year $1,173,191

Mission and programs · 2023

Mission

TO PROMOTE RESEARCH AND EDUCATION, KNOWLEDGE OF THE GRAIN AND FEED INDUSTRY THROUGH SCHOLARSHIPS, GRANTS-IN-AID, AND SPONSORSHIPS, AND FINANCING OF SPECIFIC RESEARCH PROJECTS.

Activities or mission (Part I)

TO PROMOTE RESEARCH AND EDUCATION, AND THE KNOWLEDGE OF THE GRAIN AND FEED INDUSTRY.

  • ENCOURAGES BASIC AND APPLIED RESEARCH IN GENERAL DEVELOPMENT AND DISTRIBUTION OF GRAINS, FEED, AND RELATED INTERESTS. FOSTERS HIGH STANDARDS IN EDUCATION RELATED TO GRAIN AND FEED INDUSTRY. PROVIDE INFORMATION RELATED TO GRAINS AND FEED.

    Expenses $38,733 · Grants $25,000

As filed on the 2023 return.

Listed in Part VII

  • Brian Schouvieller

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Seyfert

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 39 related

  • Augusto Bassanini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Avery

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Rick Calhoun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sharon Clark

    TRUSTEE UNTIL MARCH 2023

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jason Klootwyk

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lacey Seibert

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kayla Burkhart

    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.

Grants on this return

No itemized grants to organizations on this return.

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
2023
Filed
15 May 2024
IRS schema version
2023v5.0
Source object
202431379349302563

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