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Florida Foundation Seed Producers Inc.

Florida Foundation Seed Producers Inc.

Greenwood, FL 32443
Tax ID59-0931036

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About this organization

Revenue

$2,058,325

Expenses

$724,958

Website

ffsp.net

Mission

FLORIDA FOUNDATION SEED PRODUCERS, INC. (FFSP), IS A NOT-FOR-PROFIT CORPORATION AND DIRECT SUPPORT ORGANIZATION OF THE FLORIDA AGRICULTURAL EXPERIMENT STATION (FAES), AN AGRICULTURAL AND NATURAL RESOURCES RESEARCH PROGRAM OF THE UNIVERSITY OF FLORIDA'S INSTITUTE OF FOOD AND AGRICULTURAL SCIENCES (UF/IFAS). FFSP WAS ORGANIZED FOR THE FOLLOWING PURPOSES: TO ENSURE FOUNDATION SEED AND NURSERY STOCKS OF THE BEST- KNOWN VARIETIES ADAPTABLE TO THE FLORIDA CLIMATE AND SOILS ARE AVAILABLE ANNUALLY TO FLORIDA FARMERS AND PRODUCERS IN ADEQUATE QUANTITIES AND AT REASONABLE PRICES. TO COOPERATE WITH FAES IN MAKING AVAILABLE NEW AND IMPROVED CROP SEED AND NURSERY STOCKS BY PURCHASE, BARTER, LEASE, OR GIFT TO FLORIDA FARMERS AND PRODUCERS; TO PROPAGATE AND INCREASE THE SAME THROUGH ANY AGENCY, AND PARTICULARLY BY CONTRACTING WITH PRODUCERS AND INSTITUTIONS AND TO DISSEMINATE SUCH INCREASED STOCKS TO ITS MEMBERS AND OTHERS.

About

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 AND PLANT 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.

Interesting data from their 2020 990 filing

The filing specifies the mission of the non-profit as “Florida foundation seed producers, inc. (ffsp), is a not-for-profit corporation and direct support organization of the florida agricultural experiment station (faes), an agricultural and natural resources research program of the university of florida's institute of food and agricultural sciences (uf/ifas). ffsp was organized for the following purposes: to ensure foundation seed and nursery stocks of the best- known varieties adaptable to the florida climate and soils are available annually to florida farmers and producers in adequate quantities and at reasonable prices. to cooperate with faes in making available new and improved crop seed and nursery stocks by purchase, barter, lease, or gift to florida farmers and producers; to propagate and increase the same through any agency, and particularly by contracting with producers and institutions and to disseminate such increased stocks to its members and others.”.

When explaining its duties, they were described as: “Florida foundation seed producers, inc. (ffsp), is a not-for-profit corporation and direct support organization of the florida agricultural experiment station (faes), an agricultural and natural resources research program of the university of florida's institute of food and agricultural sciences (uf/ifas). ffsp was organized for the following purposes: to ensure foundation seed and nursery stocks of the best- known varieties adaptable to the florida climate and soils are available annually to florida farmers and producers in adequate quantities and at reasonable prices. to cooperate with faes in making available new and improved crop seed and nursery stocks by purchase, barter, lease, or gift to florida farmers and producers; to propagate and increase the same through any agency, and particularly by contracting with producers and institutions and to disseminate such increased stocks to its members and others.”.

  • The state in which the non-profit is authorized to operate legally is FL.
  • According to the filing, the address of the non-profit for the year 2020 is POB 309, GREENWOOD, FL, 32443.
  • The non-profit has reported 17 employees on their form for the year 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Provides credit counseling.
  • Has foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,333,367.
  • The compensation policy for the CEO of the organization is not based on a thorough evaluation and endorsement by an impartial entity.
  • The organization elects its board members.
  • The organization has 13 independent voting members.
  • The organization was formed in 1943.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $452,767 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has grants to organizations.
  • The organization's financial statements were reviewed by an accountant.

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