Overview
What is Wheat Marketing Centerinc?
Wheat Marketing Centerinc is a nonprofit organization situated in Portland, Oregon. Their primary focus is conducting research in the field of wheat, aiming to educate the public and the worldwide wheat-consuming industry. The center's activities include exploring milling and production techniques for wheat, experimenting with various wheat formulations, and consulting with foreign users of U.S. wheat. By identifying the best types of U.S. wheat for specific products and processes, they support the efforts of state wheat commissions in providing information and technical assistance to domestic buyers and potential international buyers. With a team of nine employees, Wheat Marketing Centerinc plays a significant role in the wheat industry, striving to enhance its usage and application in various consumer markets.
Official website here: www.wmcinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Wheat Marketing Center Inc. has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored 82% overall, which is driven entirely by its accountability and finance beacon. This score reflects effective management and transparency, essential for maintaining donor trust.
The center demonstrates strong governance with 100% of its board members being independent. It has set a high standard for financial oversight, showcasing robust policies such as conflict of interest and whistleblower protections. The organization also excels in program expense ratios, allocating a significant 87.93% of its budget toward programs, signaling a commitment to its mission.
However, there are areas for improvement, particularly in the liabilities to assets ratio, which stands at 68.90%. This score indicates a higher level of liabilities compared to assets, suggesting potential financial risk. Addressing this concern could strengthen the organization's financial health moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Wheat Marketing Centerinc legitimate?
Wheat Marketing Centerinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wheat Marketing Centerinc 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: $338,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wmcinc.org
What is the mission statement of Wheat Marketing Centerinc?
The Wheat Marketing Centerinc's mission is centered around conducting research projects related to wheat and providing related educational activities to the global wheat-consuming industry. Their primary goal is to educate the public about the utilization of U.S. wheat. Research activities are carried out in various areas, including milling and production techniques, with a focus on exploring different wheat formulations that cater to growing consumer interests. The laboratory specialists at Wheat Marketing Centerinc also consult with foreign users of U.S. wheat, helping them identify the best types of U.S. wheat for specific products and the most effective processes for preparing wheat-based products tailored to specific consumer markets. In this role, the Wheat Marketing Centerinc supports the efforts of state wheat commissions by offering information and technical assistance to both domestic and potential international buyers.
Official website here: www.wmcinc.org
Who is the CEO of Wheat Marketing Centerinc?
Mike Moran is the Ex-Managing of Wheat Marketing Centerinc.
Official website here: www.wmcinc.org
What is the revenue of Wheat Marketing Centerinc?
Wheat Marketing Centerinc's revenue in 2022 was $1,397,699.
Official website here: www.wmcinc.org
Who are the executives of Wheat Marketing Centerinc and what are their salaries?
The average compensation at Wheat Marketing Centerinc during 2022 was $37,627. There are 9 employees at Wheat Marketing Centerinc.
Here are 17 key members and their salaries:
- Compensation: $184,613
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- Other: $21,291
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- Other: $21,880
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Official website here: www.wmcinc.org
Where can I find the form 990 for Wheat Marketing Centerinc?
Wheat Marketing Centerinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmcinc.org
Learn more at the official website: www.wmcinc.org
Mission Statement of Wheat Marketing Centerinc
The Wheat Marketing Centerinc, in its mission, conducts research projects and offers related educational activities aimed at benefiting the worldwide wheat-consuming industry. The organization's primary goal is to educate the public about the utilization of U.S. wheat. To achieve this, they undertake research activities in the fields of milling and production techniques for wheat. Furthermore, the lab explores various formulations featuring wheat in areas of growing consumer interest. Laboratory specialists at Wheat Marketing Centerinc collaborate with foreign users of U.S. wheat, assisting them in identifying the most suitable types of U.S. wheat for specific products and the best processes for preparing wheat products tailored to a specific consumer market. In this capacity, Wheat Marketing Centerinc supports the efforts of state wheat commissions in providing information and technical assistance to both domestic buyers and potential international buyers.
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Impact
July, 2024
Wheat Marketing Centerinc's impact lies in conducting vital research projects and providing educational activities to the worldwide wheat-consuming industry. Through its research activities in milling and production techniques, as well as experimentation with different wheat formulations, the center helps educate the public about the use of U.S. wheat. By consulting with foreign users of U.S. wheat on the best types of wheat for specific products and processes, the center supports state wheat commissions in providing information and technical assistance to domestic and potential international buyers. Overall, Wheat Marketing Centerinc plays a significant role in advancing the knowledge and practices within the global wheat industry.
This information is meant to be a general summary of Wheat Marketing Centerinc. 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: $9,365
- Program Service Revenue: $220,381
- Gross Receipts: $1,397,699
Assets and Liabilities:
- Total Assets: $1,672,040
- Total Liabilities: $100,517
- Net Assets: $1,571,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAB SERVICES
Revenue
$195,080
NWYC
Revenue
$21,222
AACC CHECK SAMPLES
Revenue
$3,239
REIMB EXPENSES
Revenue
$840
Organization Details
Founding Year
1987
Phone
(503) 295-0823Principal Officer
Mike Moran
Main Address
1200 NW NAITO PARKWAY SUITE 230, PORTLAND, OR, 972092831
Website
www.wmcinc.orgNTEE Category
Code: Z99Z - Unknown
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