Overview
What is Florida Foundation Seed Producers Inc?
Florida Foundation Seed Producers Inc is a nonprofit organization based in Greenwood, Florida, with a PO Box address (309, 32443). They act as an agent for the Florida Agricultural Experiment Station (FAES) and manage royalties from released and licensed cultivars. The organization provides essential services, such as office space and personnel, to handle plant variety protection, trademark, and plant patent breeders rights applications. They facilitate the licensing and marketing of FAES-released cultivars and oversee contract negotiations, execution, and management. Their mission is to ensure foundation seed and nursery stocks of the best-known varieties suited to Florida's climate and soils are available annually for farmers and producers. The organization employs a team of ten individuals.
Official website here: www.ffsp.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Florida Foundation Seed Producers Inc has received a strong rating of 88%, indicating a solid performance in terms of accountability and finance. The organization has demonstrated effective governance with a fully independent board, achieving the maximum points in board independence and size. Additionally, their financial oversight is commendable, as evidenced by an audit and oversight committee that meets high standards.
The organization excels in its program expense ratio, with an impressive 98.15%, signifying that the vast majority of its expenses are directed toward its programs. This level of commitment to programmatic spending reflects a strong focus on its mission and effective use of resources, which is highly regarded by evaluators.
However, there are a couple of areas for improvement, notably the absence of a whistleblower policy and a document retention and destruction policy, both of which are critical for transparency and governance. While these limitations do not significantly undermine the overall effectiveness of the organization, addressing them could further enhance its accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Foundation Seed Producers Inc legitimate?
Florida Foundation Seed Producers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Foundation Seed Producers 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: $171,935
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,983
For more financial information, click here
Official website here: www.ffsp.net
What is the mission statement of Florida Foundation Seed Producers Inc?
The Florida Foundation Seed Producers Inc is dedicated to ensuring the availability of foundation seed and nursery stocks of the best-suited varieties for Florida farmers and producers. Acting as an agent for the Florida Agricultural Experiment Station, the organization facilitates the licensing and marketing of released cultivars, handling plant variety protection, trademark, and patent breeders' rights applications. By providing office space and personnel, the Foundation manages contracts, enabling the cultivation and distribution of varieties tailored to the local climate and soil conditions. This commitment ensures that Florida farmers and producers have access to high-quality foundation seed annually.
Official website here: www.ffsp.net
Who is the CEO of Florida Foundation Seed Producers Inc?
John Beuttenmuller is the Edsectreasurer of Florida Foundation Seed Producers Inc.
Official website here: www.ffsp.net
What is the revenue of Florida Foundation Seed Producers Inc?
Florida Foundation Seed Producers Inc's revenue in 2022 was $18,438,101.
Official website here: www.ffsp.net
Who are the executives of Florida Foundation Seed Producers Inc and what are their salaries?
The average compensation at Florida Foundation Seed Producers Inc during 2022 was $54,992. There are 10 employees and 14 volunteers at Florida Foundation Seed Producers Inc.
Here are 15 key members and their salaries:
- Compensation: $7,203
- Related: $152,978
- Other: $36,617
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Official website here: www.ffsp.net
Where can I find the form 990 for Florida Foundation Seed Producers Inc?
Florida Foundation Seed Producers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffsp.net
Learn more at the official website: www.ffsp.net
Mission Statement of Florida Foundation Seed Producers Inc
Florida Foundation Seed Producers Inc, a crucial agent for the Florida Agricultural Experiment Station (FAES), is dedicated to ensuring the availability of foundation seed and nursery stocks of the finest varieties tailored to Florida's climate and soil conditions for local farmers and producers annually. The organization serves as a vital bridge, facilitating the licensing and marketing of FAES-released cultivars, and managing the negotiation, execution, and implementation of contracts. By handling plant variety protection, trademark, and plant patent breeders rights applications, Florida Foundation Seed Producers Inc provides essential support to Florida's agricultural sector, enabling farmers and producers to access the best seed options for their crops.
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Impact
October, 2024
Florida Foundation Seed Producers Inc significantly enhances agricultural productivity and sustainability in Florida by ensuring the availability of high-quality foundation seed and nursery stocks. Operating as an intermediary for the Florida Agricultural Experiment Station, the organization plays a crucial role in protecting and promoting plant varieties that are specifically adapted to the state's climate and soils.
By collecting royalties on released cultivars and facilitating licensing and marketing efforts, Florida Foundation Seed Producers effectively supports innovation in agriculture. This enables local farmers and producers to access superior seed varieties that can lead to better yields and improved crop resilience. Additionally, the organization manages essential aspects of plant variety protection, trademarks, and breeders' rights, creating an environment that encourages research and development in the agricultural sector.
Through these efforts, Florida Foundation Seed Producers Inc contributes not only to the economic vitality of the farming community but also to the overall food supply chain, ensuring that Florida's agricultural landscape remains robust and competitive.
This information is meant to be a general summary of Florida Foundation Seed Producers 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$29,073
- Program Service Revenue: $18,238,347
- Gross Receipts: $20,592,510
Assets and Liabilities:
- Total Assets: $24,869,112
- Total Liabilities: $10,385,835
- Net Assets: $14,483,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Royalties Collections
Revenue
$18,099,289
USDAFSA Income
Revenue
$132,648
Other Income
Revenue
$6,410
Organization Details
Founding Year
1943
Principal Officer
John Beuttenmuller
Main Address
PO Box 309, Greenwood, FL, 32443
Website
www.ffsp.netNTEE Category
Code: K05 - Food
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