Independent Professional Seed Assn
Nonprofit profile at a glance
- EIN
- 363652987
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Fayettevlle, AR, USA
- Phone
- 9015466900
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,308,194
- Expenses
- $1,335,286
- Assets
- $617,862
- Liabilities
- $264,846
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- SCOTT SANDERS (PRESIDENT)
- BEN GREEN (2ND VICE PRESIDENT)
- TODD MARTIN (CEO)
- AARON CONAWAY (1ST VICE PRESIDENT)
People named in this filing
- SCOTT SANDERS (PRESIDENT)
- COLIN STEEN (BOARD MEMBER)
- CHRIS LATHAM (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Identify problems common to seed corn companies and to address those problems as a group.
What it reported doing in 2024
Organization provides forum for genetics research. Independent producers address problems with seed varieties and propose corrective action through genetics research.
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.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 92
- Accountability: 94
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 54.2%; rating input score 54
- Program expense ratio: 53.7%; rating input score 54
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.1%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 6.8% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 2.3% per year; rating input score 100; 27th percentile among comparable filings
Details
- Where the money goes: 54.2% of revenue deployed · 53.7% of spending went to programs
- Governance: 12 of 12 board members independent · 6 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $717K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Highest-paid contractors: 2 contractors listed · $362K reported
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 54/100.
- Review — Financial Efficiency: Program expense ratio scored 54/100.
- Moderate — Sustainability: Operating margin scored 30/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.