Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $174,255

• 1f · All other contributions, gifts and grants

  $428,663

• 3 · Investment income

  total $56,052 · excluded $56,052

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

  securities $411

• 7c · Gain or loss

  securities -$411

• 7d · Net gain or loss

  total -$411 · excluded -$411

• 8a · Fundraising events: gross income

  $11,740

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

  $174,255

• 8b · Fundraising events: direct expenses

  $42,278

• 8c · Net income from fundraising events

  total -$30,538 · excluded -$30,538

• 11a · Other revenue: BAD DEBT RECOVERY

  total $16,500 · related or exempt $16,500

• 11b · Other revenue: OTHER INCOME

  total $314 · excluded $314

• 11e · Other revenue, total

  $16,814

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $219,358 · program services $129,212 · management and general $68,210 · fundraising $21,936

• 7 · Other salaries and wages

  total $191,440 · program services $127,861 · fundraising $63,579

• 8 · Pension plan contributions

  total $7,994 · program services $7,994

• 9 · Other employee benefits

  total $29,574 · program services $29,574

• 10 · Payroll taxes

  total $26,815 · program services $26,815

• 11b · Fees: legal

  total $5,602 · program services $2,613 · management and general $1,327 · fundraising $1,662

• 11c · Fees: accounting

  total $39,913 · management and general $39,913

• 11e · Fees: professional fundraising services

  total $9,840 · fundraising $9,840

• 11f · Fees: investment management

  total $5,572 · management and general $5,572

• 11g · Fees: other

  total $16,748 · program services $2,723 · management and general $14,025

• 13 · Office expenses

  total $1,086 · program services $472 · management and general $330 · fundraising $284

• 14 · Information technology

  total $9,119 · program services $4,274 · management and general $2,151 · fundraising $2,694

• 16 · Occupancy

  total $4,153 · program services $1,825 · management and general $1,168 · fundraising $1,160

• 17 · Travel

  total $47,231 · program services $29,663 · management and general $17,568

• 19 · Conferences, conventions and meetings

  total $11,032 · program services $10,581 · management and general $451

• 22 · Depreciation, depletion and amortization

  total $845 · management and general $845

• 23 · Insurance

  total $3,076 · management and general $3,076

• 24a · Other expenses: PRINTING AND PUBLICATIO

  total $51,099 · program services $22,042 · management and general $239 · fundraising $28,818

• 24b · Other expenses: DESIGN AND PRODUCTION

  total $40,978 · program services $40,978

• 24c · Other expenses: POSTAGE & SHIPPING

  total $11,418 · program services $10,296 · management and general $100 · fundraising $1,022

• 24d · Other expenses: TELEPHONE

  total $7,428 · program services $5,380 · management and general $909 · fundraising $1,139

• 24e · All other expenses

  total $18,812 · program services $10,057 · management and general $8,655 · fundraising $100

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $707,740 · end of year $527,168

• 3 · Pledges and grants receivable

  beginning of year $6,500 · end of year $11,000

• 4 · Accounts receivable

  beginning of year $3,830 · end of year $4,124

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,612 · end of year $29,449

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

  $3,380

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

  $1,761

• 10c · Land, buildings and equipment, net

  beginning of year $2,464 · end of year $1,619

• 11 · Investments: publicly traded securities

  beginning of year $2,237,367 · end of year $2,393,627

• 17 · Accounts payable and accrued expenses

  beginning of year $26,980 · end of year $39,206

• 19 · Deferred revenue

  end of year $39,500

• 25 · Other liabilities

  beginning of year $531,107 · end of year $492,956

• 27 · Net assets without donor restrictions

  beginning of year $2,075,613 · end of year $2,085,841

• 28 · Net assets with donor restrictions

  beginning of year $327,813 · end of year $309,484

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION USES SHARED EMPLOYEES FROM AN AFFILIATE, THE FERTILIZER INSTITUTE. METHODS USED BY THE RELATED ORGANIZATION TO DETERMINE THE COMPENSATION OF THE PRESIDENT INCLUDE AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY, WRITTEN EMPLOYMENT CONTRACT AND APPROVAL BY THE COMPENSATION COMMITTEE. THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE PRESIDENT USING RECOMMENDATIONS FROM AN INDEPENDENT COMPENSATION CONSULTANT.

PART I, LINE 4B

THERE IS A DEFERRED COMPENSATION PLAN FOR KEY EXECUTIVES, HOWEVER, NO PAYMENTS WERE RECEIEVED FROM THE PLAN DURING THE YEAR.