Agricultural Alumni Seed Improvement Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 350869399 ✦ Romney, IN ✦ Designated as a 501(c)(5)

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Overview

What is Agricultural Alumni Seed Improvement Association Inc?

Agricultural Alumni Seed Improvement Association Inc, often referred to as AG Alumni Seed, is a prominent nonprofit organization situated in Romney, Indiana. Established in 1938, the organization has carved out a significant role in the development and release of high-performance popcorn hybrids. Recognizing the responsibility that comes with this position, AG Alumni Seed dedicates its resources to furthering their work in the popcorn industry. Their mission extends beyond popcorn, aiming to promote agriculture advancement and improvement nationwide through research, production, testing, and sales of specific seed lines and hybrids. The organization also actively collaborates with cooperating agencies to foster education and research activities in this field. Currently, AG Alumni Seed employs 102 individuals, demonstrating its commitment to the agricultural sector.


Official website here: www.agalumniseed.com

Is Agricultural Alumni Seed Improvement Association Inc legitimate?

Agricultural Alumni Seed Improvement Association Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Agricultural Alumni Seed Improvement Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $655,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,088,225

For more financial information, click here


Official website here: www.agalumniseed.com

What is the mission statement of Agricultural Alumni Seed Improvement Association Inc?

The Agricultural Alumni Seed Improvement Association Inc's mission is geared towards advancing and improving agriculture nationwide. They achieve this through research, production, testing, and the sale of specific seed lines and hybrids. The organization's primary goal is to leverage its resources to continue its notable work in the development and release of high-performance popcorn hybrids. Since its inception in 1938, Agricultural Alumni Seed Improvement Association has established itself as a leading supplier of top-notch, high-quality popcorn hybrids. Furthermore, the association promotes educational and research activities in collaboration with cooperating agencies.


Official website here: www.agalumniseed.com

Who is the CEO of Agricultural Alumni Seed Improvement Association Inc?

Unavailable The CEO's salary of Agricultural Alumni Seed Improvement Association Inc is $362,484 and their total compensation is $416,953.


Official website here: www.agalumniseed.com

What is the revenue of Agricultural Alumni Seed Improvement Association Inc?

Agricultural Alumni Seed Improvement Association Inc's revenue in 2022 was $5,094,941.


Official website here: www.agalumniseed.com

Who are the executives of Agricultural Alumni Seed Improvement Association Inc and what are their salaries?

The average compensation at Agricultural Alumni Seed Improvement Association Inc during 2022 was $17,095. There are 102 employees and 11 volunteers at Agricultural Alumni Seed Improvement Association Inc.


Here are 15 key members and their salaries (Agricultural Alumni Seed Improvement Association Inc's CEO's salary is $362,484 and their total compensation is $416,953):


Dr Marshall Martin (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Eikenberry (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Natasha Cox (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Peter Goldsbrough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Deason (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Joshua (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence C Beck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Koester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Wiltrout (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Biddle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Stumph (Chief Financial Officer)
  • Compensation: $143,752
  • Related: $0
  • Other: $45,007
James Hulbert (President & Ceo)
  • Compensation: $362,484
  • Related: $0
  • Other: $54,469
Aaron Whalen (Sales Manager)
  • Compensation: $166,884
  • Related: $0
  • Other: $35,133
Todd Rice (Production Manager)
  • Compensation: $176,638
  • Related: $0
  • Other: $28,220
Fernando Cardenas (Senior Plant Breeder)
  • Compensation: $159,735
  • Related: $0
  • Other: $43,117


Official website here: www.agalumniseed.com

Where can I find the form 990 for Agricultural Alumni Seed Improvement Association Inc?

Agricultural Alumni Seed Improvement Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.agalumniseed.com

Learn more at the official website: www.agalumniseed.com

Mission Statement of Agricultural Alumni Seed Improvement Association Inc

Agricultural Alumni Seed Improvement Association, Inc., with a mission deeply rooted in its name, strives to advance and improve agriculture on a national scale. This nonprofit organization achieves this goal through conducting research, producing, testing, and selling specific seed lines and hybrids. The mission of Agricultural Alumni Seed Improvement Association, Inc. is to serve as a nationwide platform for the progression of agriculture, focusing on the development and enhancement of certain seed varieties and hybrids.

In pursuit of its mission, Agricultural Alumni Seed Improvement Association, Inc. has worked tirelessly to establish itself as a leader in the production of high-performing popcorn hybrids. This leadership role comes with the responsibility of utilizing all available resources to continue the organization's successful work. With a strong foundation laid since its inception in 1938, Agricultural Alumni Seed Improvement Association, Inc. has emerged as the world's leading provider of top-quality, high-performing popcorn hybrids.

In addition to its seed production and sales efforts, Agricultural Alumni Seed Improvement Association, Inc. is committed to promoting education and research activities in collaboration with other cooperating agencies. This collaboration aims to further the understanding and improvement of agriculture, ensuring the organization's continued success and contribution to the agricultural sector.

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Impact




October, 2024

The Agricultural Alumni Seed Improvement Association Inc significantly enhances agricultural productivity and innovation, particularly through its leadership in the development of high-performance popcorn hybrids. Since its establishment in 1938, it has consistently pushed the boundaries of seed improvement, making strides in research, production, and testing to ensure the availability of high-quality seed lines. This commitment not only benefits farmers and agribusinesses but also bolsters the agricultural sector by improving food security and market opportunities.

By providing a nationwide platform for the exchange of knowledge and resources, the Association fosters collaboration among industry professionals, academic institutions, and research agencies. This collective effort promotes educational initiatives that strengthen the agricultural workforce and create job opportunities. The continuous development and sale of advanced seed hybrids further supports sustainable agricultural practices, ensuring that growers can meet the demands of a changing market while maintaining environmental stewardship. Overall, the impact of the Agricultural Alumni Seed Improvement Association is profound, as it nurtures both economic growth and innovation within the agriculture sector.




This information is meant to be a general summary of Agricultural Alumni Seed Improvement Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,094,941 (2022)
Expenses
$4,095,764 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $66,746
  • Gross Receipts: $10,359,760

Assets and Liabilities:

  • Total Assets: $34,930,489
  • Total Liabilities: $2,078,959
  • Net Assets: $32,851,530

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Organization Details

Founding Year

1938

Main Address

PO Box 158, Romney, IN, 47981

NTEE Category

Code: J40 - Employment

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