Rio Farms Inc

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

EIN: 741002714 ✦ Edcouch, TX ✦ Designated as a 501(c)(5)

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Overview

What is Rio Farms Inc?

Rio Farms Inc, located in Edcouch, Texas, is a nonprofit organization with a focus on agricultural research and farming practices. Their mission is to enhance the condition of agricultural pursuits, improve the quality of agricultural products, and foster a higher degree of efficiency in the agricultural community. Throughout the year, they conduct various research projects and demonstrate various farming practices, as well as evaluating the viability of different plant varieties. With a team of 17 dedicated individuals, Rio Farms Inc contributes to the betterment of the agricultural sector.

Is Rio Farms Inc legitimate?

Rio Farms Inc is a legitimate nonprofit organization registered as a 501(c)(5) entity. Rio Farms 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: $215,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $320,080

For more financial information, click here

What is the mission statement of Rio Farms Inc?

Rio Farms Inc's mission is centered around improving the agricultural sector. Their primary objectives include enhancing the quality of agricultural products and fostering a higher level of efficiency within the farming community. This is achieved through conducting various agricultural research projects and demonstrating effective farming practices. Additionally, Rio Farms Inc explores the viability of different plant varieties, contributing to the advancement of the agricultural industry.

Who is the CEO of Rio Farms Inc?

Jack Harbison is the Secretary of Rio Farms Inc.

What is the revenue of Rio Farms Inc?

Rio Farms Inc's revenue in 2022 was $3,932,720.

Who are the executives of Rio Farms Inc and what are their salaries?

The average compensation at Rio Farms Inc during 2022 was $31,475. There are 17 employees at Rio Farms Inc.


Here are 6 key members and their salaries:


Matt Klostermann (Pres/Gen Mgr)
  • Compensation: $155,000
  • Related: $0
  • Other: $14,300
Lance Neuhaus (Chairman)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Bob Stewart (Vice Chairman)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Jack Harbison (Secretary)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Barry Dickerson (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Glenn Wilde (Director)
  • Compensation: $12,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Rio Farms Inc?

Rio Farms Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Rio Farms Inc

Rio Farms Inc, as a pioneer in the agricultural community, is dedicated to enhancing the condition of agricultural pursuits, elevating the quality of agricultural products, and fostering a higher degree of efficiency within the agricultural sector. Their mission is multifaceted, aiming to improve the overall state of agriculture and the products it yields, while simultaneously increasing the efficiency of agricultural practices. By undertaking various agricultural research projects and showcasing diverse farming techniques, Rio Farms Inc contributes to the betterment of the agricultural community as a whole. They also test the viability of different plant varieties, playing a crucial role in the advancement of agriculture and the agricultural industry.

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Impact




October, 2024

Rio Farms Inc plays a significant role in enhancing agricultural practices and improving the quality of agricultural products in the community. By conducting various research projects, the organization contributes to the advancement of farming techniques and the exploration of viable plant varieties. This effort not only boosts the efficiency of agricultural operations but also elevates the overall condition of agricultural pursuits in Edcouch, Texas. The impact of Rio Farms Inc can be seen in their commitment to researching innovative farming practices that promote sustainability and productivity, ultimately fostering a more robust agricultural community.




This information is meant to be a general summary of Rio Farms 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
$3,932,720 (2022)
Expenses
$2,731,572 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $377,357
  • Program Service Revenue: $1,698,758
  • Gross Receipts: $3,932,720

Assets and Liabilities:

  • Total Assets: $66,286,539
  • Total Liabilities: $13,054,925
  • Net Assets: $53,231,614

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

AGRI RESEARCH & DEMONSTRA

Revenue

$1,680,802

OTHER INCOME

Revenue

$17,956

Organization Details

Founding Year

1941

Principal Officer

Jack Harbison

Main Address

25601 FM 88, EDCOUCH, TX, 78538

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