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Walnut Council INC

Tax-deductible

W Lafayette, IN501(c)(3)EnvironmentEIN 23-7435878Revenue $76K in FY2024

On file with the IRSwalnutcouncil.org1007 N 725 W, 47906-9431 · W Lafayette, INTax-exempt since Nov 2000Publicly supported — 509(a)(2)

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The Walnut Council is a science based organization that encourages research, discussion, and application of knowledge about growing hardwood trees. This international association represents nearly 800 woodland owners, foresters, forest scientists, and wood-producing industry rep.

501(c)(3) charity; gifts are tax-deductible.
23¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $274K a year · 83% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
23%
of spending
Concern: 23% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$87K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
28
of 28 voting members
Looks good: 28 of 28 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
+108% vs prior year
Spent
$73K
To programs
23%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$76K
FY2024▲ +108%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$464K
FY2022$56K
FY2023$36K
FY2024$76K
Expenses
$73K
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$36K
FY2022$56K
FY2023$61K
FY2024$73K
Net assets
$1.8M
FY2024▲ +0.8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.8M
FY2022$1.8M
FY2023$1.8M
FY2024$1.8M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

23 cents of each dollar spent went to programs.

Program services 23% · $17K Management & general 45% · $33K Fundraising 32% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990.

Part VII, Section A · reportable compensation
Steve Felt
President
$0Pt VII · Sec A
Claude Diehl
Vice President
$0Pt VII · Sec A
Casey Calvert
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Greg Vogel
Finance & Audit Committee
$0Pt VII · Sec A
Lenny Farlee
Education Committee
$0Pt VII · Sec A
Leroy Sievers
Legislative Committee
$0Pt VII · Sec A
Fred Crouse
Silviculture Committee
$0Pt VII · Sec A
See Walnut Council INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes research and knowledge sharing for growing hardwood trees.

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Provided by the organization

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1 program · $17K · in their own filed words · FY2024
01

Science based organization that encourages research, discussion, and application of knowledge about growing hardwood trees.

$17Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$76K
Ln 12
Gifts and grantsLn 1h$75K
Other incomeLn 4–11$760
Investment incomeLn 3$22
Money outPt IX
$73K
Ln 25
Programscol B$17K
Managementcol C$33K
Fundraisingcol D$23K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$1.9M
LiabilitiesLn 26$87K
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a28
IndependentVI 1b28
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75K
Fundraising eventsLn 1c$32K
Investment incomeLn 3$22
Other incomeLn 4–11$760
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
InvestmentsLn 11–13$87K
Land, buildings, equipmentLn 10c$1.8M
Total assetsLn 16$1.9M
LiabilitiesLn 26$87K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$11K$24K
InvestmentsLn 11–13$75K$87K
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$1.9M$1.9M
LiabilitiesLn 26$76K$87K
Net assetsLn 32$1.8M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$6K$6K
Pay of current officers, directors and key staffLn 5$24K$24K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$5K$5K
Conferences, conventions and meetingsLn 19$23K$23K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$73K$17K$33K$23K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $76K$73K$2K$1.8M 990 PDF
FY2023 $36K$61K−$24K$1.8M 990 PDF
FY2022 $56K$56K−$239$1.8M 990 PDF
FY2021 $464K$36K$428K$1.8M 990 PDF
FY2020 $1.0M$64K$964K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $75,772 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $36,203$74,990
I-9 Program service revenue$0
I-10 Investment incomePrior year $18$22
I-11 Other revenuePrior year $278$760
I-12 Total revenuePrior year $36,499$75,772
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $11,170$6,005
I-15 Salaries and benefitsPrior year $31,759$23,635
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $17,765$43,761
I-18 Total expensesPrior year $60,694$73,401
I-19 Revenue less expensesPrior year −$24,195$2,371
Part VI · Governance 28 of 28 board members independent, 1 to look at
VI-1a Voting members of the governing body28
VI-1b Independent voting members28
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $75,772 across 7 lines filed
Lines not itemized here account for $760 of total revenue; see the IRS return.
VIII-1b Membership dues$31,560
VIII-1c Fundraising events$32,380
VIII-1f All other contributions, gifts and grants$11,050
VIII-1h Total contributions, gifts and grants$74,990
VIII-3 Investment incomeRelated to mission $22$22
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $782 · Unrelated business $0 · Excluded from tax $0$75,772
Part IX · Statement of functional expenses $73,401 across 8 lines filed
IX-4 Benefits paid to or for membersPrograms $6,005$6,005
IX-5 Pay of current officers, directors and key staffManagement $23,635$23,635
IX-11c Accounting feesManagement $1,000$1,000
IX-12 Advertising and promotionPrograms $2,525$2,525
IX-13 Office expensesManagement $5,169$5,169
IX-19 Conferences, conventions and meetingsFundraising $23,344$23,344
IX-23 InsuranceManagement $3,301$3,301
IX-24 Other expenses (24a–d)Programs $8,422$8,422
IX-25 Total functional expensesPrograms $16,952 · Management $33,105 · Fundraising $23,344$73,401
Part X · Balance sheet $1,892,110 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $10,527$23,614
X-10c Land, buildings and equipment, netStart of year $1,781,026$1,781,026
X-11 Publicly traded securitiesStart of year $75,090$87,470
X-16 Total assetsStart of year $1,866,643$1,892,110
X-24 Unsecured notes and loans payableStart of year $76,220$86,936
X-26 Total liabilitiesStart of year $76,220$86,936
X-32 Total net assets or fund balancesStart of year $1,790,423$1,805,174
X-33 Total liabilities and net assetsStart of year $1,866,643$1,892,110
Part XI · Reconciliation of net assets $1,805,174 net assets at year end
XI-1 Total revenue$75,772
XI-2 Total expenses$73,401
XI-3 Revenue less expenses$2,371
XI-4 Net assets at start of year$1,790,423
XI-5 Net unrealized gains (losses) on investments$12,380
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,805,174

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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