Overview
What is Agricultural Development Fund?
The Agricultural Development Fund is a nonprofit organization situated in Fort Worth, Texas. Its primary purpose is to support livestock breeding through exhibitions and auctions, specifically in connection with the Southwestern Exposition and Livestock Show. The fund operates by paying premiums and bonuses to livestock show participants, with premiums serving as additional compensation for placings in the junior livestock shows, and bonuses being a predetermined amount per pound over market price for animals sold at the Southwestern Exposition and Livestock Show. Additionally, the fund provides scholarships grants to Texas 4-H and FFA students. The Agricultural Development Fund's mission is to encourage the improvement of livestock breeding through these events.
Is Agricultural Development Fund legitimate?
Agricultural Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agricultural Development Fund 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: $0
For more financial information, click here
What is the mission statement of Agricultural Development Fund?
The Agricultural Development Fund's mission is centered around promoting the breeding of superior livestock. It achieves this by organizing exhibitions and auctions in conjunction with the Southwestern Exposition and Livestock Show. The primary objective is to incentivize livestock owners by offering premiums and bonuses for their show entries. Premiums are additional payments based on the placement in the junior livestock shows. Bonuses, on the other hand, are given as a predetermined amount per pound above the market price for animals sold at the Southwestern Exposition and Livestock Show. Furthermore, the fund provides scholarships grants to students affiliated with Texas 4-H and FFA.
Who is the CEO of Agricultural Development Fund?
Matthew R Carter is the Director of Agricultural Development Fund.
What is the revenue of Agricultural Development Fund?
Agricultural Development Fund's revenue in 2023 was $301,574.
Who are the executives of Agricultural Development Fund and what are their salaries?
There 37 volunteers at Agricultural Development Fund.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $607,825
- Other: $145,094
- Compensation: $0
- Related: $366,242
- Other: $31,532
- Compensation: $0
- Related: $237,930
- Other: $20,173
- Compensation: $0
- Related: $2,035
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Agricultural Development Fund?
Agricultural Development Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Agricultural Development Fund
The Agricultural Development Fund, in its mission, focuses on promoting the breeding of superior livestock. It achieves this objective through exhibitions and auctions in connection with the Southwestern Exposition and Livestock Show. By doing so, the fund aims to encourage livestock owners to produce better quality animals, thereby enhancing the overall livestock industry.
In addition to its exhibitions and auctions, the Agricultural Development Fund offers financial incentives to livestock owners. Premiums are given as extra compensation based on placings in the junior livestock shows. Moreover, the fund pays out bonus money on a predetermined price per pound that exceeds market price for animals sold at the Southwestern Exposition and Livestock Show.
Furthermore, the Agricultural Development Fund supports education by providing grants for scholarships to Texas 4-H and FFA students. These scholarships help young individuals pursue their academic goals, fostering the growth of future leaders in the livestock industry. The fund's initiatives not only benefit livestock owners but also contribute to the development of the next generation of agricultural professionals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Agricultural Development Fund significantly impacts the livestock industry and agricultural education in Texas. By facilitating the breeding of superior livestock through exhibitions and auctions at the Southwestern Exposition and Livestock Show, the Fund incentivizes quality breeding practices among livestock owners and breeders. This not only enhances the genetic quality of livestock but also promotes healthier animal husbandry standards.
The Fund pays premiums and bonuses to livestock owners based on their performance at the show, providing critical financial support that encourages participation and investment in better breeding practices. This framework helps to elevate the overall standards within the industry, ensuring that both livestock quality and market value improve.
Moreover, the Fund plays a vital role in supporting youth in agriculture through scholarships awarded to Texas 4-H and FFA students. These grants enable young individuals to pursue their education and develop skills that are essential for the future of agriculture. By investing in the next generation of agricultural leaders, the Fund fosters innovation and sustainability within the field, ensuring a prosperous future for the industry.
Overall, the Agricultural Development Fund enhances livestock quality, supports agricultural education, and strengthens the community, making a lasting contribution to Texas' agricultural landscape.
This information is meant to be a general summary of Agricultural Development Fund. 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 2023.
- Investment Income: $5,104
- Gross Receipts: $301,574
Assets and Liabilities:
- Total Assets: $1,012,836
- Total Liabilities: $0
- Net Assets: $1,012,836
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1982
Phone
(817) 877-2400Principal Officer
Matthew R Carter
Main Address
PO BOX 150, FORT WORTH, TX, 76101
NTEE Category
Code: K20 - Food
If you are a representative of Agricultural Development Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.