Overview
What is Florida Citrus Research Foundation Inc?
Florida Citrus Research Foundation Inc is a nonprofit organization based in Maitland, Florida, with a specific focus on conducting research in the production and disease control of citrus crops. The foundation works in close collaboration with the USDA, dedicating all its revenues and expenses towards this mission. With a small team of two individuals, the organization is committed to advancing the citrus industry by addressing challenges related to crop growth and disease prevention.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the Florida Citrus Research Foundation Inc's governance and accountability practices. With an Accountability & Finance score of only 53%, the organization appears to lack essential policies and independent board oversight, which are critical for transparency and effective management.
The charity does receive positive marks for its material asset management, with no reported diversions of assets, and a strong program expense ratio of 98.48%, indicating that nearly all of its expenses are directed toward its mission-related activities. However, the absence of independent board members and missing key policies, such as conflict of interest and whistleblower protections, raise questions about its operational integrity and ethical standards.
While the foundation shows a commitment to its programs, the overall governance issues highlighted in its rating suggest that improvements are necessary to enhance trust and accountability among stakeholders. Addressing these deficiencies could lead to a stronger organizational framework and better public confidence in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Citrus Research Foundation Inc legitimate?
Florida Citrus Research Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Citrus Research Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,355
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What is the mission statement of Florida Citrus Research Foundation Inc?
The Florida Citrus Research Foundation Inc collaborates with the USDA in conducting research pertaining to the production and disease control of citrus crops. Their activities and financial transactions are entirely dedicated to this program. The mission of this organization is centered around advancing the growth and health of citrus crops, aiming to combat potential diseases and ensure a sustainable and thriving citrus industry.
Who is the CEO of Florida Citrus Research Foundation Inc?
Peter Chaires is the Treasurer of Florida Citrus Research Foundation Inc.
What is the revenue of Florida Citrus Research Foundation Inc?
Florida Citrus Research Foundation Inc's revenue in 2022 was $34,825.
Who are the executives of Florida Citrus Research Foundation Inc and what are their salaries?
The average compensation at Florida Citrus Research Foundation Inc during 2022 was $7,178. There are 2 employees at Florida Citrus Research Foundation Inc.
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Where can I find the form 990 for Florida Citrus Research Foundation Inc?
Florida Citrus Research Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Florida Citrus Research Foundation Inc
Florida Citrus Research Foundation Inc, collaborating with the USDA, dedicates its mission to conducting comprehensive research in the field of citrus crop production and disease control. This nonprofit organization channels all its financial resources and expenditures towards this particular program, ensuring a focused and dedicated approach to its mission. By conducting this research, Florida Citrus Research Foundation Inc aims to contribute to the overall health and yield of citrus crops, ultimately benefiting the agricultural industry and consumers alike.
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Impact
August, 2024
Florida Citrus Research Foundation Inc's impact is crucial in advancing research in the production and disease control of citrus crops. By working in cooperation with the USDA, the foundation plays a key role in developing innovative solutions to challenges faced by the citrus industry. Through its focused efforts on citrus crop research, the foundation contributes to the sustainability and growth of the citrus industry, benefiting not only farmers but also consumers who rely on citrus products. Their work helps to ensure a healthier citrus crop supply chain and promotes the economic well-being of citrus growers and related industries.
This information is meant to be a general summary of Florida Citrus Research Foundation 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.
- Program Service Revenue: $34,825
- Gross Receipts: $34,825
Assets and Liabilities:
- Total Assets: $442,643
- Total Liabilities: $202
- Net Assets: $442,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESEARCH FACILITY
Revenue
$21,200
RESEARCH - CITRUS CROPS
Revenue
$13,625
Organization Details
Founding Year
1959
Phone
(321) 214-5214Principal Officer
Peter Chaires
Main Address
PO BOX 941058, MAITLAND, FL, 32794
NTEE Category
Code: K20E - Food
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