Overview
What is Colombia Rice Export Quota Inc C/O Trq Services Llc?
Colombia Rice Export Quota Inc, also known as Colombia Rice Export Quota Inc C/O Trq Services Llc, is a nonprofit organization based in Washington D.C., specifically at 2001 L Street NW, Suite 501. Their primary focus is managing the tariff rate quotas (TRQs) for rice products granted by the Republic of Colombia to the United States, under the terms of a trade promotion agreement or any subsequent agreement. The proceeds from this process are utilized to fund research, promotion, and market development projects for the benefit of the rice industry in the United States, as well as competitiveness projects for the rice production sector in Colombia. The organization operates on an open tender basis, ensuring a fair and transparent distribution of resources.
Official website here: www.col-rice.org
Is Colombia Rice Export Quota Inc C/O Trq Services Llc legitimate?
Colombia Rice Export Quota Inc C/O Trq Services Llc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Colombia Rice Export Quota Inc C/O Trq Services Llc 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:
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Official website here: www.col-rice.org
What is the mission statement of Colombia Rice Export Quota Inc C/O Trq Services Llc?
Colombia Rice Export Quota Inc C/O Trq Services Llc's primary objective is to manage the Tariff Rate Quotas (TRQs) for rice products granted by the Republic of Colombia to the United States, following the terms of the Trade Promotion Agreement or any subsequent amendments. This entity operates using an open tender basis. The proceeds from this tender process are then distributed to fund research and promotion projects, as defined by the six state-chartered research boards, benefiting the rice industry in the United States. Additionally, the funds are used to support market development and competitiveness projects for the rice production sector in Colombia.
Official website here: www.col-rice.org
Who is the CEO of Colombia Rice Export Quota Inc C/O Trq Services Llc?
Rafael Hernandez-Lozano is the Chairman, Board Of Di of Colombia Rice Export Quota Inc C/O Trq Services Llc.
Official website here: www.col-rice.org
What is the revenue of Colombia Rice Export Quota Inc C/O Trq Services Llc?
Colombia Rice Export Quota Inc C/O Trq Services Llc's revenue in 2022 was $7,474,080.
Official website here: www.col-rice.org
Who are the executives of Colombia Rice Export Quota Inc C/O Trq Services Llc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.col-rice.org
Where can I find the form 990 for Colombia Rice Export Quota Inc C/O Trq Services Llc?
Colombia Rice Export Quota Inc C/O Trq Services Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.col-rice.org
Learn more at the official website: www.col-rice.org
Mission Statement of Colombia Rice Export Quota Inc C/O Trq Services Llc
Colombia Rice Export Quota Inc C/O Trq Services Llc is tasked with managing the Tariff Rate Quotas (TRQs) for rice products granted by the Republic of Colombia to the United States. This duty is carried out on an open tender basis, in accordance with the terms of the Trade Promotion Agreement or any subsequent amendments or successors. The purpose of managing these TRQs is to distribute the proceeds from the open tender process. These funds are allocated towards research and promotion projects, as defined by each of the six state-chartered research boards, for the benefit of the rice industry in the United States. Additionally, the funds are utilized to support market development and/or competitiveness projects for the rice production sector in Colombia. In essence, Colombia Rice Export Quota Inc C/O Trq Services Llc plays a crucial role in facilitating trade between the United States and Colombia, while also promoting the growth and competitiveness of the rice industries in both countries.
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Impact
October, 2024
Colombia Rice Export Quota Inc C/O Trq Services LLC plays a crucial role in managing tariff rate quotas (TRQs) for rice products between Colombia and the United States. By facilitating an open tender process, the entity ensures that these quotas are allocated transparently and efficiently, enhancing trade relations between the two countries.
The net proceeds generated from this process are strategically reinvested into the rice industry. Funds are distributed to support research and promotional projects defined by state-chartered research boards, which aim to bolster the competitiveness of the U.S. rice industry. Additionally, these funds contribute to market development initiatives that benefit Colombian rice producers. This dual focus on research and market competitiveness fosters innovation and growth within both agricultural sectors, ultimately improving economic outcomes for farmers and stakeholders involved.
Overall, by managing the TRQs effectively, Colombia Rice Export Quota Inc C/O Trq Services LLC significantly impacts both the U.S. and Colombian rice industries, promoting sustainability, research advancements, and market expansion.
This information is meant to be a general summary of Colombia Rice Export Quota Inc C/O Trq Services Llc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $7,369,080
- Gross Receipts: $7,474,080
Assets and Liabilities:
- Total Assets: $238,430
- Total Liabilities: $322
- Net Assets: $238,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUCTION REVENUE
Revenue
$7,369,080
Organization Details
Founding Year
2012
Phone
(202) 987-2975Principal Officer
Rafael Hernandez-Lozano
Main Address
2001 L STREET NW 500 50122, WASHINGTON, DC, 20036
Website
www.col-rice.orgNTEE Category
Code: S41 - Community improvement
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