Florida Foundation Seed Producers Inc

EIN: 590931036 501(c)(3) Food, Agriculture & Nutrition

Greenwood, FL

Total Revenue
$16,336,909
Total Expenses
$16,037,334
Total Assets
$23,628,224
Net Assets
$14,782,852
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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
FL
Principal Officer
John Beuttenmuller
Tax Period
2022-07-01 to 2023-06-30

Florida Foundation Seed Producers Inc, founded in 1943, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $16.3M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year.

Mission

To ensure foundation seed and nursery stocks of the best-known varieties adaptable to the climate and soils are available annually to Florida farmers and producers.

Program Service Accomplishments

Program 1
Expenses: $15,617,361 Revenue: $16,324,600

The 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...

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The 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 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.

Program 2
Expenses: $251,462 Revenue: $2,329,037

The Organization works with the Institute of Food and Agricultural Sciences of the University of Florida for the purposes of increasing foundation seed from the point at which a variety is developed...

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The Organization works with the Institute of Food and Agricultural Sciences of the University of Florida for the purposes of increasing foundation seed from the point at which a variety is developed by a trained plant breeder to the state where ample stocks are made available to qualified seed producers. The Organization owns 500 acres of land near Mariana, Florida. The Organization owns farming equipment, processing equipment and storage facilities that it uses to grow, harvest and process foundation seed products. The majority of the costs incurred are included in the cost of goods sold, line 10b of Part VIII.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,550
Program Service Revenue $16,348,183
Investment Income $228,611
Other Revenue $-241,435
TOTAL REVENUE $16,336,909

Expense Breakdown

Grants Paid $11,768,484
Salaries & Benefits $628,242
Fundraising Expenses $0
Program Expenses $15,868,823
Other Expenses $3,640,608
TOTAL EXPENSES $16,037,334

Year-over-Year Comparison

2022 2021 Change
Revenue $16,336,909 $18,438,101 -0.1%
Expenses $16,037,334 $17,305,502 -0.1%
Net Income $299,575 $1,132,599 -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
13
Independent Members
13
Employees
9
Volunteers
14

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
3
$218,407
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Beuttenmuller EDSecTreasurer 40.00
Officer
$7,649 $37,681 $218,407
Sam Greenwood Board Member 1.00
Director
$0 $0 $0
Andra Johnson Board Member 1.00
Director
$0 $0 $0
Anthony Adams Board Member 1.00
Director
$0 $0 $0
Jamie Jerrels Board Member 1.00
Director
$0 $0 $0
Charles Allison Board Member 1.00
Director
$0 $0 $0
Cole McNair Board Member 1.00
Director
$0 $0 $0
Wes Wood Board Member 1.00
Director
$0 $0 $0
Scott Robinson Board Member 1.00
Director
$0 $0 $0
Ty Strode Board Member 1.00
Director
$0 $0 $0
Rob Gilbert Board Member 1.00
Director
$0 $0 $0
John Sizemore Board Member 1.00
Director
$0 $0 $0
Nate Jameson Vice President 1.00
Officer Director
$0 $0 $0
Ricky Hartley President 1.00
Officer Director
$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 No data No data No data No data
2024 No data No data No data No data
2023 $16,336,909 $16,037,334 $23,628,224 $299,575
2022 $18,438,101 $17,305,502 $24,869,112 $1,132,599
2021 $1,978,821 $913,951 $23,088,073 $1,064,870
2020 $2,033,403 $750,189 $20,864,794 $1,283,214
2019 $2,058,325 $724,958 $19,045,887 $1,333,367
2018 $2,006,288 $667,256 $16,350,700 $1,339,032
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