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Florida Foundation Seed Producers

Greenwood, FL · EIN 59-0931036 · 501(c)(3) · Organization operated for a governmental college or university
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Florida Foundation Seed Producers reported $24.3 million in revenue and $23.0 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $99.13 went to program services, $0.87 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.0% of the total. The highest compensation it reported for one person was $234,755 (EDSecTreasurer). 1 person received more than $100,000 in reportable compensation. Revenue rose 1096% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $23M

For context, the median across 349 covered food, agriculture & nutrition charities: $94.56 programs, $3.12 management, $2.32 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $24M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 349 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
99.1%94.2%
Management & general
Part IX 25(C) ÷ 25(A)
0.9%3.1%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%2.3%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%96.4%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%10.5%
Program service revenue share
Part VIII 2g ÷ 12
98.0%1.3%
Highest reported compensation
Part VII-A, columns D–F
$234,755$213,323
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
1.02%0.61%
People paid over $100,000
Part VII, line 2
13
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
8.76.6
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$23M expenses · 99.5% of program spending · grants $17M · revenue $24M

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 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

$109K expenses · 0.5% of program spending · revenue $120

The Organization works with the Institute of Food and Agricultural Sciences of the University of Florida for the purposes of increasing foundation seed from the point at which a variety is developed by a trained plant breeder to the state where ample stocks are made available to qualified seed producers. The Organization owns 500 acres of land near Mariana, Florida. The Organization owns farming equipment, processing equipment and storage facilities that it uses to grow, harvest and process foundation seed products. The majority of the costs incurred are included in the cost of goods sold…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
EDSecTreasurer
Officer, 40.00 hrs/week
$194,603$0$40,152$234,755

1 people received more than $100,000 in reportable compensation from Florida Foundation Seed Producers (Part VII, line 2). Compensation of current officers, directors and key employees totaled $198K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$24M$23M99.1%$17M$234,755
FY2024 ⓘ$20M$19M99.2%$15M$226,645
FY2023 ⓘ$16M$16M98.9%$15M$218,407
FY2022 ⓘ$18M$17M98.5%$14M$196,798
FY2021 ⓘ$2.0M$914K76.7%$13M$198,507
FY2020 ⓘ$2.0M$750K73.9%$12M$148,451

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 510
  • Volunteers Part I, line 614

Correct a figure or respond

Every number above is copied from Florida Foundation Seed Producers's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Florida Foundation Seed Producers, you can publish a response that is linked from this page.

Questions people ask

How much of Florida Foundation Seed Producers's spending goes to programs?

In the fiscal year ending June 30, 2025, Florida Foundation Seed Producers reported that 99.1% of its $23.0 million in expenses went to program services, 0.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Florida Foundation Seed Producers pay its top executive?

The largest total compensation Florida Foundation Seed Producers reported for one person in the fiscal year ending June 30, 2025 was $234,755, for the role of EDSecTreasurer (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Florida Foundation Seed Producers get its money?

Of $24.3 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 98.0% from program service revenue (Form 990, Part VIII).

Is Florida Foundation Seed Producers a registered charity?

The IRS lists EIN 59-0931036 as a 501(c)(3) organization (organization operated for a governmental college or university), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641359349301534 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349302204 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431279349301403 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341249349300424 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211329349302316 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202003219349302930 · read the filing

All filings for EIN 59-0931036: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.