2024-07-24T09:17:14-05:00 2023-12-31 521348016 Roberts & Associates CPAs 1750 K Street NW Suite 325 Washington DC 20006 990 2023-01-01 460816686 COLOMBIA RICE EXPORT QUOTA INC c/o TRQ SERVICES LLC COLO 2029872975 2001 L STREET NW 500 50122 WASHINGTON DC 20036 CRYSTAL KLEITZ TREASURER 2029872975 2024-07-24 1 CRYSTAL KLEITZ 999009999 1 Mark Roberts CPA P00956329 2022931088 2024-07-24 X 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z MICHAEL RUE PO BOX 8 RIO OSO CA 956740008 4304296 0 X WWW.COL-RICE.ORG X 2012 DE THE ENTITY WILL MANAGE ON AN OPEN TENDER BASIS THE TARIFF RATE QUOTAS (TRQS) FOR RICE PRODUCTS GRANTED BY THE REPUBLIC OF COLOMBIA TO THE UNITED STATES UNDER THE TERMS OF THE TRADE PROMOTION AGREEMENT OR ANY AMENDED OR SUCCESSOR AGREEMENT. 16 16 0 0 0 0 105000 105000 7369080 4199296 0 0 0 0 7474080 4304296 7426452 4191538 0 0 0 0 0 0 0 134447 137552 7560899 4329090 -86819 -24794 238430 237093 322 199 238108 236894 THE ENTITY WILL MANAGE ON AN OPEN TENDER BASIS THE TARIFF RATE QUOTAS (TRQS) FOR RICE PRODUCTS GRANTED BY THE REPUBLIC OF COLOMBIA TO THE UNITED STATES UNDER THE TERMS OF THE TRADE PROMOTION AGREEMENT OR ANY AMENDED OR SUCCESSOR AGREEMENT. 0 0 NET PROCEEDS FROM THE OPEN TENDER PROCESS ARE DISTRIBUTED TO FUND RESEARCH AND PROMOTION PROJECTS AS DEFINED BY EACH OF THE SIX (6) STATE CHARTERED RESEARCH BOARDS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES AND TO FUND MARKET DEVELOPMENT AND/OR COMPETITIVENESS PROJECTS FOR THE BENEFIT OF THE RICE PRODUCTION SECTOR OF THE REPUBLIC OF COLOMBIA. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 16 16 0 1 0 0 1 1 0 1 0 0 0 1 0 0 0 0 0 0 X TRQ SERVICES LLC ATTN CRYSTAL KLEITZ 2029872975 2001 L STREET SUITE 500 50122 WASHINGTON DC 20036 X MICHAEL RUE CHAIRMAN, BOARD OF DIRECTORS 2.00 X X 0 0 0 DAVID MARTIN BOARD OF DIRECTORS 0.50 X 0 0 0 TODD BURICH BOARD OF DIRECTORS 0.50 X 0 0 0 JOHN DENISON BOARD OF DIRECTORS 0.50 X 0 0 0 GIBB STEELE BOARD OF DIRECTORS 0.50 X 0 0 0 VICKI MANZOLI BOARD OF DIRECTORS 0.50 X 0 0 0 DENNIS DELAUGHTER BOARD OF DIRECTORS 0.50 X 0 0 0 RAFAEL HERNANDEZ-LOZANO VICE-CHAIRMAN, BOARD OF DI 0.50 X X 0 0 0 WAYNE WIGGINS BOARD OF DIRECTORS 0.50 X 0 0 0 GONZALO SARMIENTO-GOMEZ BOARD OF DIRECTORS 0.50 X 0 0 0 JEAN PAUL VAN BRACKEL BOARD OF DIRECTORS 0.50 X 0 0 0 MANUEL LEAL-ANGARITA BOARD OF DIRECTORS 0.50 X 0 0 0 CHANDRI NAVARRO BOARD OF DIRECTORS 0.50 X 0 0 0 ALBERTO MEJIA-FORTICH BOARD OF DIRECTORS 0.50 X 0 0 0 MILTON SALAZAR MOYA BOARD OF DIRECTORS 0.50 X 0 0 0 SANDRA MILENA AVELLANEDA FUENTES BOARD OF DIRECTORS 0.50 X 0 0 0 CRYSTAL KLEITZ TREASURER 4.00 X 0 0 0 0 0 0 0 0 0 0 0 105000 105000 AUCTION REVENUE 900099 4199296 4199296 4199296 4304296 4199296 0 0 2095769 2095769 70769 8200 5910 638 2740 20042 23580 2823 POSTAGE AND DELIVERY 1847 BANK FEE 793 CORPORATION REGISTRATIO 210 4329090 236683 234354 1747 2739 238430 237093 322 199 322 199 X 0 0 0 0 238108 236894 238108 236894 238430 237093 -24794 23580 X X 0 1 X 0 0 0 1 0 0 4304296 0 4304296 0 4304296 4305510 -23580 -23580 4329090 0 4329090 FORM 990, SCHEDULE D, PAGE 4, PART XII, LINE 2D IN 2012, THE ENTITY'S AUDITED FINANCIAL STATEMENTS REPORTED $353,702 IN ORGANIZATIONAL EXPENSES PER GAAP THAT REQUIRES ORGANIZATIONAL COSTS TO BE DEDUCTED IN FULL IN THE YEAR THE COSTS WERE INCURRED. HOWEVER, IRC SEC. 248 REQUIRES ORGANIZATIONAL COSTS TO BE CAPITALIZED AND AMORTIZED OVER 180 MONTHS. THEREFORE, FORM 990, PAGE 10, PART IX, LINE 22 REPORTS $23,580 OF AMORTIZATION EXPENSE RELATED TO THE CAPITALIZED ORGANIZATIONAL COSTS REQUIRED FOR TAX PURPOSES. 1 COLOMBIA GRANT TO FEDERACION NACIONAL DE ARROCEROS DE COLOMBIA LOCATED IN BOGOTA, COLOMBIA. TO FUND MARKET DEVELOPMENT AND/OR COMPETITIVENESS PROJECTS TO BENEFIT THE RICE PRODUCTION SECTOR. 2095769 0 0 0 0 0 0 2095769 0 2095769 COLOMBIA TO FUND MARKET DEVELOPMENT AND/OR COMPETITIVENESS PROJECTS TO BENEFIT THE RICE PRODUCTION SECTOR. 2095769 WIRE TRANSFER 0 FMV (CASH) 0 0 0 0 0 0 Part I, Line 2: THE ORGANIZATION MAINTAINS INTERNAL ACCOUNTS OF THE AMOUNTS OF ITS GRANTS AND OTHER ASSISTANCE AND THESE ACCOUNTS ARE AUDITED ANNUALLY BY AN INDEPENDENT ACCOUNTANT HIRED BY THE BOARD OF DIRECTORS. 1 ARKANSAS RICE RESEARCH AND PROMOTION BOARD PO BOX 920 CARISLE AR 72024 501 (C) (6) 1010916 0 FMV (CASH) TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. CALIFORNIA RICE RESEARCH BOARD PO BOX 8 RIO OSO CA 95674 680462386 501 (C) (6) 375107 0 FMV (CASH) TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. LOUISIANA RICE RESEARCH BOARD 1373 CAFFEY ROAD RAYNE LA 70578 720951419 501 (C) (6) 319235 0 FMV (CASH) TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. MISSISSIPPI RICE PROMOTION BOARD 1107 CLOVERDALE DRIVE GREENVILLE MS 38701 640732226 501 (C) (6) 93663 0 FMV (CASH) TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. MISSOURI RICE RESEARCH AND MERCHANDISING COUNCIL 20910 CR 780 BERNIE MO 63822 431358397 501 (C) (6) 155350 0 FMV (CASH) TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. TEXAS RICE PRODUCERS BOARD 201 W WEBB EL CAMPO TX 77437 760228874 501 (C) (6) 141498 0 FMV (CASH) TO FUND RESEARCH AND PROMOTION PROJECTS FOR THE BENEFIT OF THE RICE INDUSTRY OF THE UNITED STATES. 6 Form 990, Part VI, Section A, line 3 THE BOARD OF DIRECTORS RETAINED TRQ SERVICES, LLC. IN 2023, AS ADMINISTRATOR TO CONDUCT THE ENTITY'S DAILY OPERATIONS UNDER THEIR SUPERVISION. THESE OPERATIONS INCLUDE CONDUCTING OPEN TENDER AUCTIONS, CASH MANAGEMENT OF AUCTION PROCEEDS, COORDINATION OF BOARD MEETINGS AND FINANCIAL RECORDKEEPING. Form 990, Part VI, Section A, line 6 THE ENTITY IS A NON-STOCK CORPORATION AND THEREFORE HAS MEMBERS. Form 990, Part VI, Section A, line 7a THE ENTITY CONSISTS OF NINE MEMBERS, EIGHT U.S. MEMBERS AND ONE MEMBER FROM THE REPUBLIC OF COLOMBIA. U.S. MEMBERS HOLD EIGHT SEATS ON THE BOARD AND THE COLOMBIA MEMBER HOLDS EIGHT SEATS ON THE BOARD. Form 990, Part VI, Section A, line 8b THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. Form 990, Part VI, Section B, line 11b THE ENTITY'S BOARD OF DIRECTORS WILL REVIEW THIS FORM 990 TO ENSURE THE RETURN ACCURATELY REFLECTS THE AUDITED FINANCIAL STATEMENTS OF THE CORPORATION FOR 2023. Form 990, Part VI, Section C, line 19 THE ENTITY MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XII, LINE 2C: AS DIRECTED BY THE BOARD OF DIRECTORS, THE ADMINISTRATOR ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. THE BOARD OF DIRECTORS APPROVES SELECTION OF THE INDEPENDENT AUDITOR. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: ORGANIZATIONAL COSTS DEDUCTED IN EXCESS OF TAX AMORTIZATION EXPENSE IN THE AMOUNT OF $(324,227) IN 2013. THIS IS TO RECORD THE 2023 PORTION OF AMORTIZATION EXPENSE IN THE AMOUNT OF $23,580.