Missouri Agricultural Foundation

Nonprofit profile at a glance

EIN
474069731
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Truxton, MO, USA
Phone
6362975511
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Agricultural Programs

Official website

Reported finances

Revenue
$53,847
Expenses
$10,180
Assets
$1,162,621
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • LEON BUSDIEKER (PRESIDENT)
  • KURT HAMILTON (VICE PRESIDENT)
  • TERESA LEE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • TERESA LEE (EXECUTIVE DIRECTOR): $5,000 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 foundation's mission is to support projects that promote sound agricultural practices, growth in agribusiness and agritourism, international agricultural exports, urban agriculture, food safety, farm safety practices, youth development and education.

What it reported doing in 2024

The foundation supports projects that support and promote sound agricultural practices, growth in agribusiness and agritourism, international agricultural exports, urban agriculture, food safety, farm safety practices, youth development and education.current activities include Missouri beef initiative. The foundation is providing grants to fund university beef research utilizing covered feeding facilities; development of a program to test replacement heifers and/or bulls for fescue tolerance; development of a program to reward innovative solutions for adding value to Missouri's beef industry; and development of a program to financially support small beef processors to modernize and to promote the processing and marketing of more Missouri beef products.funding for the Missouri beef initiative was appropriated by the 97th general assembly, second regular session, by house bill 2007, section 7.030 for grants to not-for-profit organizations to conduct applied research and/or commercialize research related to the beef cattle industry. The funds were received and held by the Missouri technology corporations.the foundation will also be making grants to organizations committing to use such proceeds to fund capital improvements in public facilities whose purpose is to support, promote and/or provide educational programming and tourism venues for Missouri agriculture. A committee will be formed and will make recommendations to the board of directors of the foundation for the use of these funds. Funding for this agriculture education and tourism project is received from another branch of Missouri government, the Missouri agricultural small business development authority.grant agreements for the Missouri beef initiative are currently being drafted for the awarded projects. The foundation held its first Missouri agricultural foundation kick-off event december 2015.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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: 0
  • Transparency & Controls: 90
  • Accountability: 79
  • Sustainability: 82
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 81.1%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 114.21; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 49.1%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -22.2% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -40% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 10 of 10 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $5K · 10 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.