Agricenter International Inc
Nonprofit profile at a glance
- EIN
- 621143306
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Memphis, TN, USA
- Phone
- 9017577777
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Agricultural Programs
Reported finances
- Revenue
- $5,778,054
- Expenses
- $6,276,249
- Assets
- $11,846,784
- Liabilities
- $7,347,784
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
31 people listed
Executive titles in this filing
- JOHN BUTLER (PRESIDENT)
Highest reported compensation
- JOHN BUTLER (PRESIDENT): $176,583 total reported compensation
- BRUCE KIRKSEY (DIRECTOR OF FARM AND RESEA): $163,042 total reported compensation
- MAURICE DENBOW (CHIEF OPERATING OFFICER): $135,344 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Agricenter international, the education, agribusiness, research and agricultural hub of the mid-south, has a $524 million annual economic impact on the region, hosts over 1.5 million visitors annually, and educates over 18,000 students annually.
What it reported doing in 2024
Show place arena: the agricenter show place arena is a multi-purpose facility for equestrian events, festivals, concerts, circuses, trade shows, car & boat shows, and more. The facility offers a beautiful main arena, a covered mulit-purpose arena, an outdoor arena, and an indoor warm up arena. There are (6) barns offering over 600 total stalls. Other amenities include a show office, show trailer, indoor & outdoor ticket booths.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 70
- Accountability: 84
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.1%; rating input score 74
- Program expense ratio: 67.1%; rating input score 67
- Fundraising efficiency: $46.76 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.4%; rating input score 96; 26th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.6%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 1.89; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 9.7%; rating input score 31; 31st percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 15% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 74.1% of revenue deployed · 67.1% of spending went to programs
- Governance: 27 of 28 board members independent · 6 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $4.2M in reported program spending
- Leadership: top reported pay $177K · 31 people listed · 1 of 6 pay-setting controls reported
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 31/100.