Agricultural Alumni Seed Improvement Association Inc
Nonprofit profile at a glance
- EIN
- 350869399
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Romney, IN, USA
- Phone
- 7655383145
- Rating confidence
- Limited
Reported finances
- Revenue
- $5,206,560
- Expenses
- $4,803,556
- Assets
- $34,329,265
- Liabilities
- $1,170,284
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- Craig S Anderson (President & CEO As of 4/2025)
- James Hulbert (President & CEO Through 4/2025)
Highest reported compensation
- James Hulbert (President & CEO Through 4/2025): $428,565 total reported compensation
- Fernando Cardenas (Research Director): $305,308 total reported compensation
- Bill Stumph (Chief Financial Officer): $256,745 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of agricultural alumni seed improvement association, inc. Is to provide a nationwide medium for the advancement and improvement of agriculture through research, production, testing, and sale of certain seed lines and seed hybrids.
What it reported doing in 2024
Agricultural alumni seed improvement association (ag alumni seed) has worked hard to gain its leadership position in the development and release of high performance popcorn hybrids. With this position comes the responsibility to put all our available resources to work in the continuation of the work that's made us what we are today. From the ground-breaking work that has occurred since 1938, ag alumni seed has established itself as the world's leading supplier of high performing, high quality popcorn hybrids. In addition, ag alumni seed works to promote education and research activities with cooperating agencies.
Operating model
- Revenue model
- Other-operating. 78% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 67
- Accountability: 94
- Sustainability: 62
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 7.7%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 7.15; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 44.2%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $429K · 22 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $441K reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes foreign activity, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 3 filed related-organization links
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 2/100.