Form 990 for tax year 2024
Filed by NATIONAL ASSOCIATION OF WHEAT GROWERS FOUNDATION INC.
Totals
- Total revenue
- $892,874
- Total expenses
- $938,934
- Contributions and grants received
- $505,420
- Grants paid
- $5,000
- Program service revenue
- $0
- Investment income
- $387,454
- Other revenue
- $0
- Total assets, end of year
- $9,019,353
- Total liabilities, end of year
- $965,844
- Net assets or fund balances, end of year
- $8,053,509
- Program services expenses (Part IX)
- $692,368
- Management and general expenses
- $222,951
- Fundraising expenses
- $23,615
- Program service expenses (Part III)
- $692,368
Program services were 73.7% 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.
-
1f · All other contributions, gifts and grants
$505,420
-
3 · Investment income
total $240,375 · excluded $240,375
-
7a · Gross sales of assets other than inventory
securities $3,122,542
-
7b · Less cost or other basis and sales expenses
securities $2,975,463
-
7c · Gain or loss
securities $147,079
-
7d · Net gain or loss
total $147,079 · excluded $147,079
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $5,000 · program services $5,000
-
11a · Fees: management
total $204,750 · program services $122,850 · management and general $71,662 · fundraising $10,238
-
11b · Fees: legal
total $10,056 · program services $8,547 · management and general $1,006 · fundraising $503
-
11c · Fees: accounting
total $36,762 · program services $31,248 · management and general $3,676 · fundraising $1,838
-
11f · Fees: investment management
total $52,468 · management and general $52,468
-
13 · Office expenses
total $3,004 · management and general $3,004
-
16 · Occupancy
total $161,413 · program services $96,848 · management and general $56,494 · fundraising $8,071
-
19 · Conferences, conventions and meetings
total $233,531 · program services $221,854 · management and general $11,677
-
22 · Depreciation, depletion and amortization
total $59,304 · program services $35,582 · management and general $20,757 · fundraising $2,965
-
24a · Other expenses: SPECIAL PROJECTS
total $170,439 · program services $170,439
-
24b · Other expenses: BAD DEBT EXPENSE
total $2,207 · management and general $2,207
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,911 · end of year $147,511
-
2 · Savings and temporary cash investments
beginning of year $466,168 · end of year $228,441
-
4 · Accounts receivable
beginning of year $7,610 · end of year $48,300
-
10a · Land, buildings and equipment: cost or other basis
$181,732
-
10b · Land, buildings and equipment: accumulated depreciation
$63,086
-
10c · Land, buildings and equipment, net
beginning of year $169,081 · end of year $118,646
-
11 · Investments: publicly traded securities
beginning of year $7,099,944 · end of year $7,642,724
-
15 · Other assets
beginning of year $1,050,522 · end of year $833,731
-
17 · Accounts payable and accrued expenses
beginning of year $1,228 · end of year $10,393
-
25 · Other liabilities
beginning of year $1,148,391 · end of year $955,451
-
27 · Net assets without donor restrictions
beginning of year $7,520,766 · end of year $7,970,130
-
28 · Net assets with donor restrictions
beginning of year $189,851 · end of year $83,379
Mission and programs · 2024
Mission
TO PURPOSEFULLY ADVANCE THE WHEAT INDUSTRY THROUGH STRATEGIC RESEARCH, EDUCATION AND OUTREACH COLLABORATIONS, GUIDED BY CORE VALUES OF GROWER CENTEREDNESS, INTEGRITY, HONESTY AND TRUSTWORTHINESS.
-
THE NATIONAL ASSOCIATION OF WHEAT GROWERS FOUNDATION (D/B/A NATIONAL WHEAT FOUNDATION) (THE "FOUNDATION") WAS ORGANIZED TO CARRY OUT THE PURELY EDUCATIONAL, CULTURAL AND CHARITABLE ACTIVITIES OF THE NATIONAL ASSOCIATION OF WHEAT GROWERS. THE FOUNDATION IS EMPOWERED TO PROMOTE AND ENCOURAGE BY MEANS OF SCIENTIFIC INVESTIGATIONS, RESEARCH OR OTHERWISE, THE ADVANCEMENT OF THE SCIENCE OF WHEAT GROWING, THE CONSERVATION OF THE NATURAL RESOURCES OF THE UNITED STATES THROUGH THE DEVELOPMENT OF GOOD FARMING AND FARM MARKETING PRACTICES, THE DEVELOPMENT OF NEW USES AND MARKETS FOR IMPROVED STRAINS FOR WHEAT AND WHEAT BY-PRODUCTS AND THE DISSEMINATION OF EDUCATIONAL MATERIALS AND CARRYING OUT THE EDUCATION PROGRAMS AIMED AT IMPROVING THE SKILL OF PERSONS ENGAGED IN THE GROWING AND MARKETING OF WHEAT IN THE U.S.
Expenses $692,368 · Grants $5,000
As filed on the 2024 return.
Listed in Part VII
-
Gary BroylesGARY BROYLES
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Scott BrownSCOTT BROWN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Ben ScholzBEN SCHOLZ
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jeff BlackwoodJEFF BLACKWOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mark HauglandMARK HAUGLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian WalkerBRIAN WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ken WoodKEN WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carl SchwinkeCARL SCHWINKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Dennis SchoenhalsDENNIS SCHOENHALS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Chandler GouleCHANDLER GOULE
EXECUTIVE DIRECTOR
- Total calculated
- $365,710
- From this org
- $0
- From related orgs
- $322,000
- Other
- $43,710
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $320,000 related
- Bonus
- $0 + $2,000 related
- Other
- $0
- Deferred
- $0 + $31,125 related
- Nontaxable benefits
- $0 + $12,585 related
- Filer's total
- $0 + $365,710 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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE EXECUTIVE DIRECTOR'S BONUS IS AWARDED BASED ON MERIT AND PAID BY NATIONAL ASSOCIATION OF WHEAT GROWERS, THE SUPPORTED ORGANIZATION.
- FORM 990, SCHEDULE J, PART I, LINE 3:
- THE EXECUTIVE DIRECTOR IS PAID BY NATIONAL ASSOCIATION OF WHEAT GROWERS, THE SUPPORTED ORGANIZATION.
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
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.
-
NATIONAL ASSOCIATION OF WHEAT GROWERS
501(C)(6) · TRADE ASSOCIATION · CO
-
NATIONAL ASSOCIATION OF WHEAT GROWERS PAC
527 · POLITICAL ACTION COMMITTEE · DC
Directly controlled by NATIONAL ASSOCIATION OF WHEAT GROWERS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600509349301025
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