Form 990 for tax year 2023

Filed by AGRICULTURAL RESEARCH FOUNDATION.

Totals

Total revenue: $12,512,225
Total expenses: $11,840,212
Contributions and grants received: $2,596,110
Grants paid: $11,189,388
Program service revenue: $8,505,798
Investment income: $1,410,317
Other revenue: $0
Total assets, end of year: $35,776,063
Total liabilities, end of year: $6,732,504
Net assets or fund balances, end of year: $29,043,559
Program services expenses (Part IX): $11,296,824
Management and general expenses: $543,388
Fundraising expenses: $0
Program service expenses (Part III): $11,296,824

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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$2,596,110
1g · Noncash contributions included above

$100,544
2a · Program service revenue: CONTRACTS

total $8,505,798 · related or exempt $8,505,798 · unrelated business $0 · excluded $0
2b · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2c · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2d · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2e · Program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $1,259,555 · related or exempt $0 · unrelated business $0 · excluded $1,259,555
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $2,721,118 · other assets $0
7b · Less cost or other basis and sales expenses

securities $2,570,356 · other assets $0
7c · Gain or loss

securities $150,762 · other assets $0
7d · Net gain or loss

total $150,762 · related or exempt $0 · unrelated business $0 · excluded $150,762
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11a · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11b · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11c · Other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $11,108,225 · program services $11,108,225
2 · Grants to domestic individuals

total $81,163 · program services $81,163
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $434,576 · program services $0 · management and general $434,576 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $23,921 · program services $0 · management and general $23,921 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $71,870 · program services $0 · management and general $71,870 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $86,997 · program services $0 · management and general $86,997 · fundraising $0
11g · Fees: other

total $2,121 · program services $0 · management and general $2,121 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $11,247 · program services $0 · management and general $11,247 · fundraising $0
14 · Information technology

total $4,233 · program services $0 · management and general $4,233 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $268 · program services $0 · management and general $268 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $5,351 · program services $0 · management and general $5,351 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $6,492 · program services $0 · management and general $6,492 · fundraising $0
24a · Other expenses: Professional licenses/renewals

total $255 · program services $0 · management and general $255 · fundraising $0
24b · Other expenses: Equipment

total $1,890 · program services $0 · management and general $1,890 · fundraising $0
24c · Other expenses: Other expense

total $1,603 · program services $0 · management and general $1,603 · fundraising $0
24d · Other expenses: Allocation of $107,436 indirect cost center expenses reported in column (C)

total $0 · program services $107,436 · management and general -$107,436 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0
26 · Joint costs (an allocation of the lines above)

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $873,593 · end of year $835,735
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $2,865,932 · end of year $3,144,953
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $1 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$35,183
10b · Land, buildings and equipment: accumulated depreciation

$35,183
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $29,909,693 · end of year $31,227,388
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $712,226 · end of year $567,987
17 · Accounts payable and accrued expenses

beginning of year $964,640 · end of year $591,177
18 · Grants payable

beginning of year $5,439,217 · end of year $5,968,702
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $172,625
27 · Net assets without donor restrictions

beginning of year $3,866,247 · end of year $4,500,787
28 · Net assets with donor restrictions

beginning of year $24,091,341 · end of year $24,542,772

Mission and programs · 2023

Mission

OUR MISSION IS TO ENCOURAGE FACILITATE AID AND ENGAGE IN SCIENTIFIC INVESTIGATION RESEARCH EXPERIMENTATION AND TO SUPPORT EDUCATIONAL TRAINING ACTIVITIES RELATING TO AGRICULTURE AND NATURAL RESOURCES THROUGHOUT THE STATE OF OREGON AND BEYOND.

Activities or mission (Part I)

TO ENCOURAGE AND ENGAGE ACTIVITIES IN AGRICULTURE AND NATURAL RESOURCES THROUGHOUT OREGON.

The Agricultural Research Foundation ARF established in 1934 plays a vital role in promoting research in various agricultural and related fields to benefit Oregons agricultural and natural resource industries. As the custodian of donated research funds including private and public donations as well as contract funds from commodity commissions and producer associations ARF facilitates research conducted at Oregon State University OSU facilities in Corvallis and throughout the state. Additionally ARF collaborates on cooperative projects with university scientists in other states. In the fiscal year 2023-24 ARF reported a total income of $11.1 million from gifts and contracts alongside approximately $1.26 million in investment earnings. A significant portion of the funds approximately $11.3 million was allocated towards research activities including support through ARFs competitive grant program. This program plays a crucial role in providing small grants to both new and established scientists aiding in the launch of new research programs and activities. The research initiatives supported by ARF in 2023-24 encompassed a wide range of topics from studying plastic ingestion by marine animals to addressing winter squash storage rots and establishing fertilizer guidelines for hazelnut trees. The diverse array of research projects included studies on crop production plant breeding livestock management environmental toxins and energy production reflecting the foundations commitment to advancing knowledge in key areas impacting the agricultural industry. Founded on the vision of fostering a strong collaborative partnership between OSU and Oregons agricultural and natural resource sectors ARF continues to uphold this vision by actively working towards enhancing these partnerships each year. Through its dedication to supporting innovative research and fostering connections between academia and industry ARF remains a cornerstone in advancing agricultural knowledge and practices for the benefit of Oregons agricultural community and beyond.

Expenses $11,296,824 · Grants $11,189,388 · Revenue $8,505,798

As filed on the 2023 return.

Listed in Part VII

Josh KvidtJOSH KVIDT

EXECUTIVE DIRECTOR

Total calculated

$184,995

From this org

$132,339

From related orgs

$0

Other

$52,656

Hours/week

40

Schedule J breakdown matched by us

Base

$132,339

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$52,710

Filer's total

$185,049
Ying WangYING WANG

CONTROLLER

Total calculated

$96,914

From this org

$87,638

From related orgs

$0

Other

$9,276

Hours/week

40
Charlene WilkinsonCHARLENE WILKINSON

APPOINTED SECRETARY

Total calculated

$117,419

From this org

$74,055

From related orgs

$0

Other

$43,364

Hours/week

40
Ralph FisherRALPH FISHER

PRESIDENT

Total calculated

$0

Hours/week

2
Mike MacnabMIKE MACNAB

VICE PRESIDENT

Total calculated

$0

Hours/week

2
Lance LyonLANCE LYON

VICE PRESIDENT

Total calculated

$0

Hours/week

2
Michelle DavisMICHELLE DAVIS

SECRETARY TREASURER

Total calculated

$0

Hours/week

2
Stella CoakleySTELLA COAKLEY

DIRECTOR

Total calculated

$0

Hours/week

2
Tami KerrTAMI KERR

DIRECTOR

Total calculated

$0

Hours/week

2
Jean McKinneyJEAN MCKINNEY

DIRECTOR

Total calculated

$0

Hours/week

2
Bryan OstlundBRYAN OSTLUND

DIRECTOR

Total calculated

$0

Hours/week

2
Shelly SoremSHELLY SOREM

DIRECTOR

Total calculated

$0

Hours/week

2
Bud WeiserBUD WEISER

DIRECTOR

Total calculated

$0

Hours/week

2
Tim ElbertTIM ELBERT

DIRECTOR

Total calculated

$0

Hours/week

2
Ron HathawayRON HATHAWAY

DIRECTOR

Total calculated

$0

Hours/week

2
Mike HesselMIKE HESSEL

DIRECTOR

Total calculated

$0

Hours/week

2
Elizabeth LeviELIZABETH LEVI

DIRECTOR

Total calculated

$0

Hours/week

2
Todd NashTODD NASH

DIRECTOR

Total calculated

$0

Hours/week

2
Marty VavraMARTY VAVRA

DIRECTOR

Total calculated

$0

Hours/week

2
Tricia WalkerTRICIA WALKER

DIRECTOR

Total calculated

$0

Hours/week

2
David BeckDAVID BECK

DIRECTOR

Total calculated

$0

Hours/week

2
Russ KarowRUSS KAROW

DIRECTOR

Total calculated

$0

Hours/week

2
Loren KelloggLOREN KELLOGG

DIRECTOR

Total calculated

$0

Hours/week

2
Patrick MalonePATRICK MALONE

DIRECTOR

Total calculated

$0

Hours/week

2
Mike OmegMIKE OMEG

DIRECTOR

Total calculated

$0

Hours/week

2
Gil SylviaGIL SYLVIA

DIRECTOR

Total calculated

$0

Hours/week

2
Mike WeberMIKE WEBER

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. 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 · Compensation committee
3 · Form 990 of other organizations
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

OREGON STATE UNIVERSITY

$9,734,327

RESEARCH
Washington State University

$917,035

RESEARCH
Penn State Universit

$56,698

RESEARCH
UC Davis

$11,340

RESEARCH

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 May 2025
IRS schema version: 2023v6.0
Source object: 202511329349303446

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