2024-05-14T13:55:04-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8390 EAST CRESCENT PARKWAY SUITE 300 GREENWOOD VILLAGE CO 80111 990 2022-07-01 930400250 AGRICULTURAL RESEARCH FOUNDATION AGRI 5417373228 1600 SW WESTERN BLVD 320 CORVALLIS OR 97333 JOSH KVIDT EXECUTIVE DIRECTOR 5417373228 2024-05-13 1 JOSH KVIDT XXX-XX-XXXX 1 SARAH HINTZ P00492291 3037795710 2024-05-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RALPH FISHER 1600 SW WESTERN BLVD 320 CORVALLIS OR 97333 15521686 0 X AGRESEARCHFOUNDATION.OREGONSTATE.EDU X 1934 OR TO ENCOURAGE AND ENGAGE ACTIVITIES IN AGRICULTURE AND NATURAL RESOURCES THROUGHOUT OREGON. 22 22 5 22 0 0 3375956 2657081 5956921 6978669 1624837 947655 0 1300 10957714 10584705 9429624 7878863 0 0 327773 394046 0 0 0 717225 579526 10474622 8852435 483092 1732270 32352057 34361445 6600923 6403857 25751134 27957588 X OUR MISSION IS TO ENCOURAGE, FACILITATE, AID AND ENGAGE IN SCIENTIFIC INVESTIGATION, RESEARCH EXPERIMENTATION, AND TO SUPPORT EDUCATIONAL TRAINING ACTIVITIES RELATING TO AGRICULTURE AND NATURAL RESOURCES THROUGHOUT THE STATE OF OREGON AND BEYOND. 0 0 8292566 7878863 6978669 THE AGRICULTURAL RESEARCH FOUNDATION (ARF) WAS ESTABLISHED IN 1934 TO ENCOURAGE AND FACILITATE RESEARCH IN ALL BRANCHES OF AGRICULTURE AND RELATED FIELDS FOR THE BENEFIT OF OREGON'S AGRICULTURAL AND NATURAL RESOURCE INDUSTRIES. THE FOUNDATION IS THE CUSTODIAN OF PRIVATELY AND PUBLICLY DONATED RESEARCH FUNDS AS WELL AS CONTRACT FUNDS FROM COMMODITY COMMISSIONS AND OTHER PRODUCER ASSOCIATIONS. THESE FUNDS ARE USED TO SUPPORT WORK CONDUCTED IN OREGON STATE UNIVERSITY (OSU) FACILITIES IN THE CORVALLIS AREA AND THROUGHOUT THE STATE AS WELL AS SOME COOPERATIVE PROJECTS WITH UNIVERSITY SCIENTISTS IN OTHER STATES. IN 2022-23 ARF HAD $9.5 MILLION IN GIFT AND CONTRACT INCOME AND APPROXIMATELY $1 MILLION IN INVESTMENT EARNINGS. $8.3 MILLION WAS SPENT ON RESEARCH ACTIVITIES INCLUDING APPROXIMATELY THRU ARF'S COMPETITIVE GRANT PROGRAM. THIS PROGRAM PROVIDES SMALL GRANTS TO NEW SCIENTISTS TO HELP LAUNCH THEIR RESEARCH PROGRAMS AND TO ESTABLISHED SCIENTISTS TO LAUNCH NEW ACTIVITIES. RESEARCH FUNDED THROUGH ARF RANGED FROM WORK ON PLASTIC INGESTION BY MARINE ANIMALS TO CONTROL OF WINTER SQUASH STORAGE ROTS TO FERTILIZER GUIDELINES FOR HAZELNUT TREES. STUDIES ON CROP PRODUCTION, PLANT BREEDING, LIVESTOCK MANAGEMENT, ENVIRONMENTAL TOXINS, AND ENERGY PRODUCTION WERE AMONG THE HUNDREDS OF RESEARCH PROJECTS ACTIVE IN 2022-23. THE FOUNDERS OF THE FOUNDATION ENVISIONED A STRONG, COLLABORATIVE PARTNERSHIP BETWEEN OSU AND OREGON'S DIVERSE AGRICULTURAL AND NATURAL RESOURCE INDUSTRIES. THE FOUNDATION HAS ACHIEVED THAT GOAL AND WORKS TOWARD ENHANCEMENTS EACH YEAR. 8292566 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X JOSH KVIDT 5417374066 1600 SW WESTERN BLVD CORVALLIS OR 97333 RALPH FISHER PRESIDENT 2.00 X X 0 0 0 LANCE LYON VICE PRESIDENT 2.00 X X 0 0 0 RON HATHAWAY VICE PRESIDENT 2.00 X X 0 0 0 MICHELLE DAVIS SECRETARY/TREASURER 2.00 X X 0 0 0 ROBERT BAILEY DIRECTOR 2.00 X 0 0 0 DAVID BECK DIRECTOR 2.00 X 0 0 0 BARBARA BOND DIRECTOR 2.00 X 0 0 0 STELLA COAKLEY DIRECTOR 2.00 X 0 0 0 TIM ELBERT DIRECTOR 2.00 X 0 0 0 MIKE MACNAB DIRECTOR 2.00 X 0 0 0 MIKE HESSEL DIRECTOR 2.00 X 0 0 0 RUSS KAROW DIRECTOR 2.00 X 0 0 0 TAMI KERR DIRECTOR 2.00 X 0 0 0 ELIZABETH LEVI DIRECTOR 2.00 X 0 0 0 PAT MALONE DIRECTOR 2.00 X 0 0 0 JEAN MCKINNEY DIRECTOR 2.00 X 0 0 0 TODD NASH DIRECTOR 2.00 X 0 0 0 BRYAN OSTLUND DIRECTOR 2.00 X 0 0 0 SHELLY SOREM DIRECTOR 2.00 X 0 0 0 ED STASTNY JR DIRECTOR 2.00 X 0 0 0 MARTIN VAVRA DIRECTOR 2.00 X 0 0 0 CJ BUD WEISER DIRECTOR 2.00 X 0 0 0 CHARLENE WILKINSON APPOINTED SECRETARY 40.00 X 65929 0 39966 MARTY KAYE FINANCE MANAGER 40.00 X 73423 0 16337 JOSH KVIDT EXECUTIVE DIRECTOR 40.00 X 59654 0 14918 DAN ARP EXECUTIVE DIRECTOR (THRU 08/2022) 20.00 X 50744 0 12891 249750 0 84112 0 0 0 0 0 2657081 2657081 CONTRACTS 110000 6978669 6978669 6978669 1133593 1133593 4751043 4936981 -185938 -185938 -185938 OTHER REVNUE 900099 1300 1300 1300 10584705 6978669 0 948955 7864680 7864680 14183 14183 369295 369295 24751 24751 42000 42000 84885 84885 94071 94071 157543 124219 33324 23640 19490 4150 64446 64446 2863 2863 1464 1464 6326 6326 OTHER EXPENSE 94843 94843 PROFESSIONAL LICENSES 4595 4595 EQUIPMENT 2850 2850 8852435 8292566 559869 0 1988870 873593 735590 2865932 1 1 58017 58017 1464 0 28904992 29909693 721140 712226 32352057 34361445 158916 964640 6442007 5439217 6600923 6403857 X 11410730 3866247 14340404 24091341 25751134 27957588 32352057 34361445 1732270 -326780 800964 0 X X 0 1 X 1 0 X 2705873 2621661 2584340 3375956 2657081 13944911 16073 16594 16594 19776 17550 86587 2721946 2638255 2600934 3395732 2674631 14031498 754540 13276958 917402 941095 1039986 1156853 1133593 5188929 1300 1300 19221727 35067398 0.69070 0.70060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2022 AMOUNT: $ 1,300. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1182403 15893 18706 5950 1211052 1218664 60869 47728 49525 95333 1182403 1158652 32759 42487 15234 1218664 1138089 5250 46313 31000 1158652 1119694 2540 52530 36675 1138089 0.01174 0.86051 0.12775 0 0 13620 13620 0 44397 44397 0 0 X 10190590 -326780 17550 -309230 10499820 84885 84885 10584705 8785100 17550 17550 8767550 84885 84885 8852435 PART V, LINE 4: PERMANENT ENDOWMENTS ARE TO BE USED FOR THE FOLLOWING: SAVERY FUND ARE ALLOCATED TO THE COLLEGE OF AG SCIENCES FOR VARIOUS SCHOLARSHIPS AND AWARDS. JOHN FLANAGAN MEMORIAL SCHOLARSHIP TO PROVIDE SCHOLARSHIPS FOR RECIPIENTS CHOSEN BY THE CROP AND SOIL SCIENCES DEPARTMENT. SQUAW BUTTE DEVELOPMENT FUND TO PROVIDE FUNDING TO SUPPORT RESEARCH PROGRAMS AT EASTERN OREGON AG RESEARCH CENTER. ELLIKER SCHOLARSHIP FUND TO PROVIDE FOR SCHOLARSHIPS FOR RECIPIENTS CHOSEN BY THE MICROBIOLOGY AND FOOD SCIENCES DEPARTMENTS. ROBERT E. AND CAROLYN S. WITTERS FUND TO PROVIDE SUPPORT FOR GRADUATE STUDENTS ENROLLED IN A PLANT SCIENCE PROGRAM IN THE DEPARTMENT OF CROP AND SOIL SCIENCES TO ATTEND PLANT-RELATED PROFESSIONAL MEETINGS, CONFERENCES, AND WORKSHOPS. TIM WIRTH MEMORIAL SCHOLARSHIP FUND TO PROVIDE SCHOLARSHIPS FOR RECIPIENTS CHOSEN BY THE CROP AND SOIL SCIENCES DEPARTMENT. WALKER MEMORIAL DONOR DESIGNATED ENDOWMENT TO SUPPORT UNDERGRADUATE STUDENTS IN THE COLLEGE OF AGRICULTURAL SCIENCES AT OREGON STATE UNIVERSITY WHO ARE INTERESTED IN OR DOING UNDERGRADUATE RESEARCH WITH FRUIT AND/OR NUT TREES. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS A FOUNDATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, A PRIVATE ENTITY IS REQUIRED TO DISCLOSE ANY MATERIAL UNCERTAIN TAX POSITIONS THAT MANAGEMENT BELIEVES DOES NOT MEET A "MORE-LIKELY-THAN-NOT" STANDARD OF BEING SUSTAINED UNDER AN INCOME TAX AUDIT AND TO RECORD A LIABILITY FOR ANY SUCH TAXES INCLUDING PENALTY AND INTEREST. MANAGEMENT OF THE FOUNDATION HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS THAT REQUIRE THE RECORDING OF A LIABILITY MENTIONED ABOVE OR FURTHER DISCLOSURE. 1 OREGON STATE UNIVERSITY B308 KERR ADMINISTRATION BLVD CORVALLIS OR 97331 611730890 STATE OF OR 7455897 0 N/A N/A RESEARCH MICHIGAN STATE UNIVERSITY 426 AUDITORIUM ROAD EAST LANSING MI 48824 386005984 STATE OF MI 9364 0 N/A N/A RESEARCH OREGON SEED RESEARCH 33149 OR-99E TANGENT OR 97389 871769620 501(C)(5) 243947 0 N/A N/A RESEARCH UC SAN DIEGO 1 SHIELDS AVENUE DAVIS CA 95616 956006144 501(C)(3) 31674 0 N/A N/A RESEARCH WASHINGTON STATE UNIVERSITY 255 E MAIN ST PULLMAN WA 99163 916001108 STATE OF WA 92768 0 N/A N/A RESEARCH 4 1 SCHOLARSHIPS 22 14183 N/A N/A PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS ALL RESEARCH COMMODITY COMMISSION FUNDING IS ACCOUNTED FOR IN RESTRICTED USE. ONLY RESEARCH RELATED COSTS ARE ALLOWED TO BE EXPENDED FORM RESEARCH GRANTS. PERIODIC PROGRESS REPORTS ARE REQUIRED TO BE SUBMITTED FOR COMMODITY COMMISSIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF THE PRESIDENT, TWO VICE PRESIDENTS, THE SECRETARY/TREASURER AND TWO MEMBERS AT LARGE. ALL ARE ON THE GOVERNING BODY. WHILE MAJOR DECISIONS ARE VOTED ON BY THE FULL BOARD, THE EXECUTIVE COMMITTEE DOES HAVE THE AUTHORITY TO MAKE SOME DECISIONS ON BEHALF OF THE ENTIRE ORGANIZATION. THESE DECISIONS ARE LATER REPORTED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE FILING IS AVAILABLE, THE FORM 990 IS REVIEWED IS SENT TO ALL BOARD DIRECTORS TO REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS OR HER FINANCIAL INTEREST TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST, THE INTERESTED PERSON SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE FINANCIAL INTEREST IS DISCUSSED. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS BY VOTE WHEREIN A MAJORITY OF THE VOTES CAST SHALL BE REQUIRED TO ESTABLISH THAT A CONFLICT EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTERESTS: THE PRESIDENT OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. THE DIRECTOR WHO IS THE SUBJECT OF THE CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN THE DELIBERATIONS EXCEPT TO ANSWER QUESTIONS AND SHALL NOT BE PRESENT IN THE ROOM DURING THE DELIBERATIONS OR VOTE. VIOLATIONS OF THE CONFLICT OF INTEREST POLICY: IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICT OF INTEREST OR HAS BREACHED THE FIDUCIARY DUTY TO KEEP BOARD DISCUSSIONS CONFIDENTIAL, IT SHALL INFORM THE MEMBER OF THIE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE OR BREACH. IF, AFTER HEARING THE RESPONSE OF THE MEMBER AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE MEMBER HAS IN FACT FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST OR HAS BREACHED THE FIDUCIARY DUTY TO KEEP BOARD DISCUSSIONS CONFIDENTIAL, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED BY EACH DIRECTOR AND STAFF ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION PROCESS FOR TOP OFFICIAL PERSONNEL: COMMITTEE REVIEW, EVALUATE EXECUTIVE DIRECTOR'S PERFORMANCE AND PROPOSE COMPENSATION, THEN RECOMMEND TO THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD USES OREGON STATE UNIVERSITY'S COMPARABLE POSITIONS AS A BENCHMARK FOR ALL POSITIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE AVAILABLE UPON REQUEST. FINANCIALS STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.