Plains Grains Inc

EIN: 200628307 501(c)(3) Food, Agriculture & Nutrition

Lincoln, NE

Total Revenue
$220,561
Total Expenses
$257,218
Total Assets
$98,469
Net Assets
$98,469
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Phone
7656880085
Tax Period
2024-07-01 to 2025-06-30

Plains Grains Inc is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $221K in total revenue in fiscal year 2024. Expenses of $257K exceeded revenue, resulting in a 17% operating deficit.

Mission

The Corporation is organized exclusively for educational and scientific purposes under section 501(c)(3) of the Internal Revenue Code of 1986, as amended ("IRC") or any corresponding section of any future federal tax code. In addition, the Corporation is organized and shall be operated as a supporting organization, as defined in IRC B' 509(a)(3), and as such shall be operated, supervised or controlled by and for the benefit of the organizations described in Article IV, A hereof, all of which are governmental units described in IRC B' 170(b)(1)(A)(v) by reason of being political subdivisions described in IRC B' 170(c)(1). In furtherance of this purpose, the Corporation shall educate the public about United States wheat and agriculture through a newsletter, exhibits, lectures, films and demonstrations as well as through research, the results of which shall be available to the general public through the newsletter.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $219,925
Investment Income $636
Other Revenue $0
TOTAL REVENUE $220,561

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $257,218
Other Expenses $257,218
TOTAL EXPENSES $257,218

Year-over-Year Comparison

2024 2023 Change
Revenue $220,561 $207,035 +0.1%
Expenses $257,218 $228,022 +0.1%
Net Income $-36,657 $-20,987 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Les Peterson Chairman 1.00
Director
$0 $0 $0
Don Schieber Vice-Chairman 1.00
Director
$0 $0 $0
Larry Flohr Sec/Tresurer 1.00
Director
$0 $0 $0
Stephen Baenziger Director 1.00
Director
$0 $0 $0
Mike McClellan Past Chairman 1.00
Director
$0 $0 $0
Ramon Galindo Director 1.00
Director
$0 $0 $0
Jose Luis Fuente Director 1.00
Director
$0 $0 $0
EG Herl Director 1.00
Director
$0 $0 $0
Royce Schaneman Executive Dir. 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $220,561 $257,218 $98,469 $-36,657
2024 $207,035 $228,022 $135,126 $-20,987
2023 $217,464 $201,165 $212,779 $16,299
2022 $185,388 $212,646 $139,814 $-27,258
2021 $136,340 $125,003 $167,072 $11,337
2020 $196,249 $189,463 $155,735 $6,786
2019 $170,351 $191,182 $148,949 $-20,831
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