Nonprofit · EIN 20-3767882
NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP
Tax-exempt · MAITLAND, FL 32751
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990 | $632,022 | $629,658 | $2,364 | $355,607 | $226,920 | $128,687 |
| July 31, 2024 | 990 | $702,011 | $658,106 | $43,905 | $439,400 | $313,077 | $126,323 |
| July 31, 2023 | 990 | $581,808 | $592,202 | -$10,394 | $283,510 | $201,092 | $82,418 |
Financial details: 990 for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $624,977
- of which government grants
- $624,977
- Program service revenue
- $0
- Investment income
- $0
- Royalties
- $7,045
- Other revenue
- $7,045
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $51,800
- Accounting fees
- $4,900
- Travel
- $5,992
- Program services (functional)
- $585,294
- Management and general (functional)
- $44,364
Balance sheet and other
- Total assets, start of year
- $439,400
- Total assets, end of year
- $355,607
- Total liabilities, end of year
- $226,920
- Net assets, end of year
- $128,687
- Net assets without donor restrictions
- $128,687
- Gross receipts
- $632,022
- Employees
- 0
- Year formed
- 2005
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSTY BANACK | DIRECTOR Trustee or director | – | $0 |
| ALEX BROWN | DIRECTOR Trustee or director | – | $0 |
| STEVEN CALLAHAM | DIRECTOR Trustee or director | – | $0 |
| J PETER CHAIRES | EXECUTIVE DI Trustee or director, Officer | 15 | $0 |
| FRANK M HUNT III | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| PAUL KOUKOS | SECRT/TREAS Trustee or director, Officer | 2 | $0 |
| RON MAHAN | DIRECTOR Trustee or director | – | $0 |
| GREG NELSON | DIRECTOR Trustee or director | – | $0 |
| CLAY PEDERSON | DIRECTOR Trustee or director | – | $0 |
| PHIL RUCKS | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
| GEOFF ROE | DIRECTOR Trustee or director | – | $0 |
| JOBY SHERROD | DIRECTOR Trustee or director | – | $0 |
| EMERY SMITH | DIRECTOR Trustee or director | – | $0 |
990 for the year ended July 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSTY BANACK | DIRECTOR Trustee or director | – | $0 |
| ALEX BROWN | DIRECTOR Trustee or director | – | $0 |
| STEVEN CALLAHAM | DIRECTOR Trustee or director | – | $0 |
| J PETER CHAIRES | EXECUTIVE DI Trustee or director, Officer | 15 | $0 |
| FRANK M HUNT III | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| PAUL KOUKOS | SECRT/TREAS Trustee or director, Officer | 2 | $0 |
| RON MAHAN | DIRECTOR Trustee or director | – | $0 |
| GREG NELSON | DIRECTOR Trustee or director | – | $0 |
| CLAY PEDERSON | DIRECTOR Trustee or director | – | $0 |
| PHIL RUCKS | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
| GEOFF ROE | DIRECTOR Trustee or director | – | $0 |
| JOBY SHERROD | DIRECTOR Trustee or director | – | $0 |
| EMERY SMITH | DIRECTOR Trustee or director | – | $0 |
990 for the year ended July 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSTY BANACK | DIRECTOR Trustee or director | 0 | $0 |
| ALEX BROWN | DIRECTOR Trustee or director | 0 | $0 |
| STEVEN CALLAHAM | DIRECTOR Trustee or director | 0 | $0 |
| J PETER CHAIRES | EXECUTIVE DI Trustee or director, Officer | 15 | $0 |
| FRANK M HUNT III | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| PAUL KOUKOS | SECRT/TREAS Trustee or director, Officer | 2 | $0 |
| RON MAHAN | DIRECTOR Trustee or director | 0 | $0 |
| GREG NELSON | DIRECTOR Trustee or director | 0 | $0 |
| CLAY PEDERSON | DIRECTOR Trustee or director | 0 | $0 |
| PHIL RUCKS | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
| GEOFF ROE | DIRECTOR Trustee or director | 0 | $0 |
| JOBY SHERROD | DIRECTOR Trustee or director | 0 | $0 |
| EMERY SMITH | DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 TRAFALGAR CT STE 200, MAITLAND, FL 32751-7419
- In care of
- % FLORIDA CITRUS PACKERS
- Principal officer (990 for 2024)
- J PETER CHAIRES, 800 TRAFALGAR CT STE 200, MAITLAND, FL 32751
- Signed the 990
- J PETER CHAIRES, EXECUTIVE DIRECTOR
- Phone
- (321) 214-5200
- Website
- NVDMC.ORG
- Return prepared by
- DEAROLF & MERENESS LLP
Mission
GROWER SUPPORT: TO PROVIDE FINANCIAL AND STRATEGIC SUPPORT TO FLORIDA'S IN-STATE BREEDING PROGRAMS. NEW VARIETIES: TO IDENTIFY PROMISING CITRUS SELECTIONS FOR FLORIDA PRODUCERS AND INTRODUCE NEW VARIETIES. AFFORDABLE AND ACCESSIBLE: TO PROVIDE TIMELY AND AFFORDABLE ACCESS TO PROPRIETARY CITRUS VARIETIES.
Program accomplishments
- NVDMC SUPPORTS NEW VARIETY DEVELOPMENT RESEARCH IN FLORIDA BY PROVIDING FLORIDA CITRUS GROWERS UNIQUE AND HIGH VALUE VARIETIES FOR FRESH AND PROCESSED USES. NVDMC SERVES AS THE LICENSING AGENT FOR DOMESTIC AND INTERNATIONAL PUBLIC AND PRIVATE VARIETIES, PROVIDING GROWERS AND NURSERIES ACCESS TO PROPRIETARY FRESH FRUIT VARIETIES, WHILE ALSO INTRODUCING CITRUS VARIETIES FOR COMMERCIAL GROWERS TO TRIAL THROUGH THE FAST TRACK PROGRAM WITH THE UNIVERSITY OF FLORIDA AND EARLY EVALUATION OPPORTUNITIES WITH SELECTIONS DEVELOPED BY THE UDSA AGRICULTURAL RESEARCH SERVICE.Expenses $585,294
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990 on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990 on file |
IRS record
- EIN
- 20-3767882
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C42)
- Assets (IRS master file)
- $355,607
- Income (IRS master file)
- $632,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | July 2025 | $632,022 | $629,658 | $355,607 | XML |
| 990 | July 2024 | $702,011 | $658,106 | $439,400 | IRS |
| 990 | July 2023 | $581,808 | $592,202 | $283,510 | XML |
| 990 | July 2022 | $477,553 | $502,878 | $126,225 | IRS |
| 990 | July 2021 | – | – | – | IRS |
| 990 | July 2019 | – | – | – | IRS |
| 990 | July 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-3767882).
Questions about NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP
- What is the EIN of NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP?
- The employer identification number (EIN) of NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP is 20-3767882.
- Is NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 2007.
- Are donations to NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended July 2025.
- Who is the principal officer of NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP?
- The 990 for the year ended July 31, 2025 names J PETER CHAIRES.
- Who are the officers and directors of NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP?
- The 990 for the year ended July 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP have?
- On its 990 for the year ended July 31, 2025 it reported revenue of $632,022, expenses of $629,658 and total assets of $355,607 at year end.
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