Civic Intelligence

Florida Foundation Seed Producers Inc.

990 • Fiscal year 2016 • EIN 59-0931036

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 11, 2017

PO Box 309Greenwood, FL 32443

(850) 594-4721

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.50x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

93rd percentile

4.50x

Higher debt load relative to revenue than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

84th percentile

17%

Faster asset growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

31%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$13,058,339

Up $1,942,287 (+17%) from 2015

Net Assets

Up

$6,581,040

Up $832,663 (+14%) from 2015

Liabilities

Up

$6,477,299

Up $1,109,624 (+21%) from 2015

Revenue

Up

$1,440,976

Up $337,347 (+31%) from 2015

Expenses

Up

$608,313

Up $87,008 (+17%) from 2015

Net Income

Up

$832,663

Up $250,339 (+43%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $6,247,414Liabilities 2011: $2,484,868Net Assets 2011: $3,762,5462011Assets 2012: $7,327,958Liabilities 2012: $3,015,270Net Assets 2012: $4,312,6882012Assets 2013: $8,391,778Liabilities 2013: $3,701,745Net Assets 2013: $4,690,0332013Assets 2014: $10,268,732Liabilities 2014: $5,102,679Net Assets 2014: $5,166,0532014Assets 2015: $11,116,052Liabilities 2015: $5,367,675Net Assets 2015: $5,748,3772015Assets 2016: $13,058,339Liabilities 2016: $6,477,299Net Assets 2016: $6,581,0402016Assets 2017: $14,968,472Liabilities 2017: $7,206,188Net Assets 2017: $7,762,2842017Assets 2018: $16,350,700Liabilities 2018: $7,249,385Net Assets 2018: $9,101,3152018Assets 2019: $19,045,887Liabilities 2019: $8,043,293Net Assets 2019: $11,002,5942019Assets 2020: $20,864,794Liabilities 2020: $8,578,986Net Assets 2020: $12,285,8082020Assets 2021: $23,088,073Liabilities 2021: $9,737,395Net Assets 2021: $13,350,6782021Assets 2022: $24,869,112Liabilities 2022: $10,385,835Net Assets 2022: $14,483,2772022Assets 2023: $23,628,224Liabilities 2023: $8,845,372Net Assets 2023: $14,782,8522023Assets 2024: $23,974,960Liabilities 2024: $8,539,867Net Assets 2024: $15,435,0932024

Highlighted filing

2016

Assets$13,058,339
Liabilities$6,477,299
Net Assets$6,581,040

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Revenue 2011: $1,048,513Expenses 2011: $925,907Net Income 2011: $122,6062011Revenue 2012: $1,068,678Expenses 2012: $521,350Net Income 2012: $547,3282012Revenue 2013: $797,444Expenses 2013: $425,485Net Income 2013: $371,9592013Revenue 2014: $922,253Expenses 2014: $446,505Net Income 2014: $475,7482014Revenue 2015: $1,103,629Expenses 2015: $521,305Net Income 2015: $582,3242015Revenue 2016: $1,440,976Expenses 2016: $608,313Net Income 2016: $832,6632016Revenue 2017: $1,828,885Expenses 2017: $647,641Net Income 2017: $1,181,2442017Revenue 2018: $2,006,288Expenses 2018: $667,256Net Income 2018: $1,339,0322018Revenue 2019: $2,058,325Expenses 2019: $724,958Net Income 2019: $1,333,3672019Revenue 2020: $2,033,403Expenses 2020: $750,189Net Income 2020: $1,283,2142020Revenue 2021: $1,978,821Expenses 2021: $913,951Net Income 2021: $1,064,8702021Revenue 2022: $18,438,101Expenses 2022: $17,305,502Net Income 2022: $1,132,5992022Revenue 2023: $16,336,909Expenses 2023: $16,037,334Net Income 2023: $299,5752023Revenue 2024: $20,059,103Expenses 2024: $19,406,862Net Income 2024: $652,2412024

Highlighted filing

2016

Revenue$1,440,976
Expenses$608,313
Net Income$832,663
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 11, 2017
Return Version
2015v3.0
Gross Receipts
$2,918,432
Mission and Program Overview

Mission

Florida foundation seed producers, inc. (ffsp), is a not-for-profit corporation and direct support organization of the florida agricultural experiment station (faes), an agricultural and natural resources research program of the university of florida's institute of food and agricultural sciences (uf/ifas). Ffsp was organized for the following purposes: to ensure foundation seed and nursery stocks of the best- known varieties adaptable to the florida climate and soils are available annually to florida farmers and producers in adequate quantities and at reasonable prices. To cooperate with faes in making available new and improved crop seed and nursery stocks by purchase, barter, lease, or gift to florida farmers and producers; to propagate and increase the same through any agency, and particularly by contracting with producers and institutions and to disseminate such increased stocks to its members and others.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,630,544$9,618,170▲ $1,987,626
Land, Buildings, and Equipment, Net$3,033,359$2,969,985▼ $63,374
Cash and Non-Interest-Bearing Accounts$38,097$163,654▲ $125,557
Inventories for Sale or Use$102,544$140,113▲ $37,569
Accounts Receivable$240,177$119,331▼ $120,846
Prepaid Expenses and Deferred Charges$71,331$47,086▼ $24,245
Total Assets$11,116,052$13,058,339▲ $1,942,287
Liabilities
Escrow Account Liability$5,194,740$6,013,292▲ $818,552
Accounts Payable and Accrued Expenses$172,935$464,007▲ $291,072
Total Liabilities$5,367,675$6,477,299▲ $1,109,624
Net Assets / Fund Balance
Unrestricted Net Assets$5,748,377$6,581,040▲ $832,663
Total Net Assets Fund Balance$5,748,377$6,581,040▲ $832,663
Total Liabilities and Net Assets / Fund Balance$11,116,052$13,058,339▲ $1,942,287

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,073,745$1,428,250$3,501,995
Buildings$339,888$776,693$1,116,581
Land$448,266-$448,266
Other Land Buildings$108,086$15,618$123,704
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
John BeuttenmullerEd/sec/treas$111,750$25,029$136,779
John BeuttenmullerEd/sec/treasurer$111,750$25,029$136,779

Board Members and Trustees

NameTitle
Scott RobinsonPresident
Bill BullardBoard Member
Dan PeltBoard Member
Eugene ChamblissBoard Member
Jacqueline BurnsBoard Member
Jared ForresterBoard Member
Kevin MorganBoard Member
Nick ComerfordBoard Member
Nick PlaceBoard Member
Phillip RucksBoard Member
Tom StadsklevBoard Member
Wesley BordersBoard Member
Ricky HartleyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,525
Program Service Revenue
$1,194,915
Investment Income
$39,507
Other Revenue
$204,029
Change in Net Assets
$832,663

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,440,976
Total Revenue per Audited Statements
$1,440,976
Total Revenue per Form 990
$1,440,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$299,059
Salaries, Compensation, and Employee Benefits$175,980
Other Expenses$133,274
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$299,059
Other Salaries and Wages---$106,411
Conferences and Meetings---$51,740
Current Officers, Directors, Trustees, and Key Employees---$30,732
Office Expenses---$19,885
Fees for Services Accounting---$15,192
Pension Plan Contributions---$15,104
Occupancy---$13,989
Other Employee Benefits---$13,242
Depreciation Depletion---$11,742
Payroll Taxes---$10,491
Other Expenses---$10,396
Travel---$5,460
Insurance---$3,004
Advertising---$1,866
Total Functional Expenses$0$0$0$608,313

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$608,313
Total Expenses per Audited Statements$608,313
Total Expenses per Form 990$608,313
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of FloridaGainesville, FLGovAgricultural$217,016
University of Florida FoundationGainesville, FL3Endowment$50,000
University of FloridaGainesville, FLGovEquipment$27,043

International Summary

Spending
$42,852

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServiceAg Product Licensing--$34,312
South AmericaProgram ServiceAg Product Licensing--$5,890
Central America and the CaribbeanProgram ServiceAg Product Licensing--$1,450
North AmericaProgram ServiceAg Product Licensing--$1,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Any person, or the duly appointed representative of a firm, partnership, corporation or association engaged in the production of agricultural seeds or nursery stock of improved varieties for planting purpose, agreeing to abide by the bylaws of ffsp may, subject to the approval of the board of directors, become a member upon payment of a membership fee as determined by the board of directors. Regular members of ffsp elect the board of directors and are entitled to vote. Any person, or the duly appointed representative of a firm, partnership, corporation or association who is interested in patronizing the ffsp but who are otherwise not eligible for membership, agreeing to abide by the bylaws of ffsp may, subject to the approval of the board of directors, become an associate member upon payment of an associate membership fee as determined by the board of directors. Associate members of ffsp shall not be entitled to vote or serve as an officer and/or director of ffsp.

Form 990, Page 6, Part VI, Line 7A

Members of the board of directors are approved at the annual meeting of the membership.

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared with the assistance of the independent auditor and then reviewed by the executive director and office manager.

Form 990, Page 6, Part VI, Line 12C

No director, officer, employee or agent shall have a material personal interest in conflict with the interests of ffsp or be engaged to provide goods or other services to ffsp for remuneration, unless such arrangement is the result of a competitive bidding process or, after disclosure of the conflict, the board of directors or its executive committee approves such arrangement, which approval shall specifically include procedures for addressing the conflict. All conflicts of interest are required to be disclosed in writing. Failure to follow the disclosure or other requirements of this policy shall be grounds for removal and/or disciplinary action against a director, officer, employee, or agent.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Florida Foundation
EIN
59-0931036
Phone
8505944721
Address
PO BOX 309, GREENWOOD, FL 32443

Signing Officer

Name
John Beuttenmuller
Title
Ed/sec/treasurer
Phone
8505944721
Signed
2017-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Beuttenmuller
Formed
1943
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
14
Volunteers
13

Preparer

Firm
Kattell & Company Pl
Address
808B NW 16TH AVE, GAINESVILLE, FL 32601
Preparer
Stephen H Kattell CPA
Phone
3523956565
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Florida foundation seed producers, inc. (ffsp), is a not-for-profit corporation and direct support organization of the florida agricultural experiment station (faes), an agricultural and natural resources research program of the university of florida's institute of food and agricultural sciences (uf/ifas). Ffsp was organized for the following purposes: to ensure foundation seed and nursery stocks of the best- known varieties adaptable to the florida climate and soils are available annually to florida farmers and producers in adequate quantities and at reasonable prices. To cooperate with faes in making available new and improved crop seed and nursery stocks by purchase, barter, lease, or gift to florida farmers and producers; to propagate and increase the same through any agency, and particularly by contracting with producers and institutions and to disseminate such increased stocks to its members and others.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization receieves royalties from licensees and pays a portion to the university of florida and inventors. Amounts reported on line 21 of form 990, part x are amounts yet to be distributed.

Schedule D, Page 3, Part X

The corporation holds no uncertain tax positions and therefore has no policy for evaluating them.

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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt054022
IRS990/GrossReceiptsAmt02918432
IRS990/GrossSalesOfInventoryAmt01651267
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IRS990/IncludeFIN48FootnoteInd0true
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IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt03004
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0102544
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0140113
IRS990/InvestmentIncomeGrp/ExclusionAmt015703
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015703
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt03033359
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02969985
IRS990/LandBldgEquipCostOrOtherBssAmt05190546
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt030218
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0FLORIDA FOUNDATION SEED PRODUCERS, INC. (FFSP), IS A NOT-FOR-PROFIT CORPORATION AND DIRECT SUPPORT ORGANIZATION OF THE FLORIDA AGRICULTURAL EXPERIMENT STATION (FAES), AN AGRICULTURAL AND NATURAL RESOURCES RESEARCH PROGRAM OF THE UNIVERSITY OF FLORIDA'S INSTITUTE OF FOOD AND AGRICULTURAL SCIENCES (UF/IFAS). FFSP WAS ORGANIZED FOR THE FOLLOWING PURPOSES: TO ENSURE FOUNDATION SEED AND NURSERY STOCKS OF THE BEST- KNOWN VARIETIES ADAPTABLE TO THE FLORIDA CLIMATE AND SOILS ARE AVAILABLE ANNUALLY TO FLORIDA FARMERS AND PRODUCERS IN ADEQUATE QUANTITIES AND AT REASONABLE PRICES. TO COOPERATE WITH FAES IN MAKING AVAILABLE NEW AND IMPROVED CROP SEED AND NURSERY STOCKS BY PURCHASE, BARTER, LEASE, OR GIFT TO FLORIDA FARMERS AND PRODUCERS; TO PROPAGATE AND INCREASE THE SAME THROUGH ANY AGENCY, AND PARTICULARLY BY CONTRACTING WITH PRODUCERS AND INSTITUTIONS AND TO DISSEMINATE SUCH INCREASED STOCKS TO ITS MEMBERS AND OTHERS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt023804
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt023804
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0204029
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0204029
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IRS990/OccupancyGrp/TotalAmt013989
IRS990/OfficeExpensesGrp/TotalAmt019885
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IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/TotalAmt010396
IRS990/OtherSalariesAndWagesGrp/TotalAmt0106411
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IRS990/PayrollTaxesGrp/TotalAmt010491
IRS990/PensionPlanContributionsGrp/TotalAmt015104
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071331
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047086
IRS990/PrincipalOfficerNm0JOHN BEUTTENMULLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ROYALTIES COLLECTION FEE
IRS990/ProgramServiceRevenueGrp/Desc1LICENSE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01187130
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17785
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01187130
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17785
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION ACTS AS AN AGENT FOR THE FLORIDA AGRICULTURAL EXPERIMENT STATION (FAES) AND COLLECTS ROYALTIES ON RELEASED AND LICENSED CULTIVARS. IN THE CAPACITY OF BEING AN AGENT, THE ORGANIZATION PROVIDES OFFICE SPACE AND PERSONNEL TO HANDLE THE PLANT VARIETY PROTECTION, TRADEMARK, PLANT PATENT AND PLANT BREEDERS' RIGHTS APPLICATIONS. THE ORGANIZATION FACILITATES THE LICENSING AND MARKETING OF FAES RELEASED CULTIVARS AND IS RESPONSIBLE FOR THE NEGOTIATION, EXECUTION, AND MANAGEMENT OF CONTRACTS.
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYGrantsAndSimilarPaidAmt0197649
IRS990/PYInvestmentIncomeAmt033169
IRS990/PYOtherExpensesAmt0124488
IRS990/PYOtherRevenueAmt029932
IRS990/PYProgramServiceRevenueAmt01037803
IRS990/PYRevenuesLessExpensesAmt0582324
IRS990/PYSalariesCompEmpBnftPaidAmt0199168
IRS990/PYTotalExpensesAmt0521305
IRS990/PYTotalRevenueAmt01103629
IRS990/ReconcilationRevenueExpnssAmt0832663
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt09618170
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0339888
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0776693
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01116581
IRS990ScheduleD/EquipmentGrp/BookValueAmt02073745
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01428250
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03501995
IRS990ScheduleD/ExpensesSubtotalAmt0608313
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/BookValueAmt0448266
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0448266
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0108086
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015618
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0123704
IRS990ScheduleD/RevenueSubtotalAmt01440976
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIEVES ROYALTIES FROM LICENSEES AND PAYS A PORTION TO THE UNIVERSITY OF FLORIDA AND INVENTORS. AMOUNTS REPORTED ON LINE 21 OF FORM 990, PART X ARE AMOUNTS YET TO BE DISTRIBUTED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HOLDS NO UNCERTAIN TAX POSITIONS AND THEREFORE HAS NO POLICY FOR EVALUATING THEM.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02969985
IRS990ScheduleD/TotalExpensesPerForm990Amt0608313
IRS990ScheduleD/TotalRevenuePerForm990Amt01440976
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01440976
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0608313
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01450
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt134312
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt25890
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt31200
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2SOUTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3NORTH AMERICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0AG PRODUCT LICENSING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1AG PRODUCT LICENSING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2AG PRODUCT LICENSING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3AG PRODUCT LICENSING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1PROGRAM SERVICE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2PROGRAM SERVICE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3PROGRAM SERVICE
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt042852
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA AND THE CARIBBEAN 1,450 0 EAST ASIA AND THE PACIFIC 34,312 0 SOUTH AMERICA 5,890 0 NORTH AMERICA 1,200 0
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION ANSWERED YES TO FORM 990, PART IV, LINE 14B BECAUSE IT RECEIVES ROYALTY REVENUES FROM LICENSEES LOCATED IN THE REGIONS INDICATED ON LINE 3, PART 1, SCHEDULE F.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE F, PAGE 1, PART I, LINE 3
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE F, PAGE 5, PART V
IRS990ScheduleF/TotalSpentAmt042852
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0217016
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt227043
IRS990ScheduleI/RecipientTable/IRCSectionDesc0GOV
IRS990ScheduleI/RecipientTable/IRCSectionDesc13
IRS990ScheduleI/RecipientTable/IRCSectionDesc2GOV
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AGRICULTURAL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ENDOWMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EQUIPMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF FLORIDA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1UNIVERSITY OF FLORIDA FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2UNIVERSITY OF FLORIDA
IRS990ScheduleI/RecipientTable/RecipientEIN0596002052
IRS990ScheduleI/RecipientTable/RecipientEIN1590974739
IRS990ScheduleI/RecipientTable/RecipientEIN2596002052
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 113203
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 14425
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2PO BOX 113203
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GAINESVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GAINESVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GAINESVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd032611
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd132604
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd232611
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0AGRICULTURAL GRANT FUNDS ARE PROVIDED TO THE UNIVERSITY OF FLORIDA (UF) TO REIMBURSE UF FOR THE COST OF SALARIES OF INDIVIDUALS WHO WORK ON BEHALF OF FLORIDA FOUNDATION SEED PRODUCERS. THESE INDIVIDUALS HAVE OFFICES ON THE UF CAMPUS AND CONTRIBUTE IMPORTANTLY TO THE LICENSING AND MARKETING OF RELEASED CULTIVARS. ENDOWMENT GRANT FUNDS ARE PROVIDED TO THE UNIVERSITY OF FLORIDA FOUNDATION TO ESTABLISH AN ENDOWMENT FUND AND ARE SUBJECT TO A GIFT AGREEMENT, AND THE MANAGEMENT AND INVESTMENT POLICIES OF THE FOUNDATION. EQUIPMENT GRANT FUNDS ARE PROVIDED TO THE UNIVERSITY OF FLORIDA FOR THE PURCHASE OF AGRICULTURAL EQUIPMENT TO BE USED IN A RELATED ACTIVITY. NO SUBSEQUENT MONITORING WILL BE PERFORMED.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0111750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt0105112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt09200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt015829
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN BEUTTENMULLER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0ED/SEC/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0136779
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR/SECRETARY/TREASURER, JOHN BEUTTENMULLER, WAS PAID SALARY AND BENEFITS FROM THE UNIVERSITY OF FLORIDA WHICH IS NOT A RELATED ORGANIZATION AS DEFINED BY THE INSTRUCTIONS TO THIS FORM 990.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FLORIDA FOUNDATION SEED PRODUCERS, INC. (FFSP), IS A NOT-FOR-PROFIT CORPORATION AND DIRECT SUPPORT ORGANIZATION OF THE FLORIDA AGRICULTURAL EXPERIMENT STATION (FAES), AN AGRICULTURAL AND NATURAL RESOURCES RESEARCH PROGRAM OF THE UNIVERSITY OF FLORIDA'S INSTITUTE OF FOOD AND AGRICULTURAL SCIENCES (UF/IFAS). FFSP WAS ORGANIZED FOR THE FOLLOWING PURPOSES: TO ENSURE FOUNDATION SEED AND NURSERY STOCKS OF THE BEST- KNOWN VARIETIES ADAPTABLE TO THE FLORIDA CLIMATE AND SOILS ARE AVAILABLE ANNUALLY TO FLORIDA FARMERS AND PRODUCERS IN ADEQUATE QUANTITIES AND AT REASONABLE PRICES. TO COOPERATE WITH FAES IN MAKING AVAILABLE NEW AND IMPROVED CROP SEED AND NURSERY STOCKS BY PURCHASE, BARTER, LEASE, OR GIFT TO FLORIDA FARMERS AND PRODUCERS; TO PROPAGATE AND INCREASE THE SAME THROUGH ANY AGENCY, AND PARTICULARLY BY CONTRACTING WITH PRODUCERS AND INSTITUTIONS AND TO DISSEMINATE SUCH INCREASED STOCKS TO ITS MEMBERS AND OTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY PERSON, OR THE DULY APPOINTED REPRESENTATIVE OF A FIRM, PARTNERSHIP, CORPORATION OR ASSOCIATION ENGAGED IN THE PRODUCTION OF AGRICULTURAL SEEDS OR NURSERY STOCK OF IMPROVED VARIETIES FOR PLANTING PURPOSE, AGREEING TO ABIDE BY THE BYLAWS OF FFSP MAY, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS, BECOME A MEMBER UPON PAYMENT OF A MEMBERSHIP FEE AS DETERMINED BY THE BOARD OF DIRECTORS. REGULAR MEMBERS OF FFSP ELECT THE BOARD OF DIRECTORS AND ARE ENTITLED TO VOTE. ANY PERSON, OR THE DULY APPOINTED REPRESENTATIVE OF A FIRM, PARTNERSHIP, CORPORATION OR ASSOCIATION WHO IS INTERESTED IN PATRONIZING THE FFSP BUT WHO ARE OTHERWISE NOT ELIGIBLE FOR MEMBERSHIP, AGREEING TO ABIDE BY THE BYLAWS OF FFSP MAY, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS, BECOME AN ASSOCIATE MEMBER UPON PAYMENT OF AN ASSOCIATE MEMBERSHIP FEE AS DETERMINED BY THE BOARD OF DIRECTORS. ASSOCIATE MEMBERS OF FFSP SHALL NOT BE ENTITLED TO VOTE OR SERVE AS AN OFFICER AND/OR DIRECTOR OF FFSP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD OF DIRECTORS ARE APPROVED AT THE ANNUAL MEETING OF THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED WITH THE ASSISTANCE OF THE INDEPENDENT AUDITOR AND THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND OFFICE MANAGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DIRECTOR, OFFICER, EMPLOYEE OR AGENT SHALL HAVE A MATERIAL PERSONAL INTEREST IN CONFLICT WITH THE INTERESTS OF FFSP OR BE ENGAGED TO PROVIDE GOODS OR OTHER SERVICES TO FFSP FOR REMUNERATION, UNLESS SUCH ARRANGEMENT IS THE RESULT OF A COMPETITIVE BIDDING PROCESS OR, AFTER DISCLOSURE OF THE CONFLICT, THE BOARD OF DIRECTORS OR ITS EXECUTIVE COMMITTEE APPROVES SUCH ARRANGEMENT, WHICH APPROVAL SHALL SPECIFICALLY INCLUDE PROCEDURES FOR ADDRESSING THE CONFLICT. ALL CONFLICTS OF INTEREST ARE REQUIRED TO BE DISCLOSED IN WRITING. FAILURE TO FOLLOW THE DISCLOSURE OR OTHER REQUIREMENTS OF THIS POLICY SHALL BE GROUNDS FOR REMOVAL AND/OR DISCIPLINARY ACTION AGAINST A DIRECTOR, OFFICER, EMPLOYEE, OR AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011116052
IRS990/TotalAssetsEOYAmt013058339
IRS990/TotalAssetsGrp/BOYAmt011116052
IRS990/TotalAssetsGrp/EOYAmt013058339
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02525
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0608313
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05367675
IRS990/TotalLiabilitiesEOYAmt06477299
IRS990/TotalLiabilitiesGrp/BOYAmt05367675
IRS990/TotalLiabilitiesGrp/EOYAmt06477299
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05748377
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06581040

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$8.54$15.4$20.1$19.4$0.65
2023Summary only. Only limited summary data is available for this year.$23.6$8.85$14.8$16.3$16.0$0.30
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$10.4$14.5$18.4$17.3$1.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$9.74$13.4$1.98$0.91$1.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$8.58$12.3$2.03$0.75$1.28
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.0$8.04$11.0$2.06$0.72$1.33
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.4$7.25$9.10$2.01$0.67$1.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.0$7.21$7.76$1.83$0.65$1.18
2016Detailed filing. Detailed filing data is available for this year.$13.1$6.48$6.58$1.44$0.61$0.83
2015Detailed filing. Detailed filing data is available for this year.$11.1$5.37$5.75$1.10$0.52$0.58
2014Detailed filing. Detailed filing data is available for this year.$10.3$5.10$5.17$0.92$0.45$0.48
2013Summary only. Only limited summary data is available for this year.$8.39$3.70$4.69$0.80$0.43$0.37
2012Summary only. Only limited summary data is available for this year.$7.33$3.02$4.31$1.07$0.52$0.55
2011Summary only. Only limited summary data is available for this year.$6.25$2.48$3.76$1.05$0.93$0.12