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Walnut Council INC FY2020 filing

Tax-deductible

W Lafayette, IN501(c)(3)EnvironmentEIN 23-7435878Revenue $1.0M in FY2020

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.
17¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$84K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
38
of 38 voting members
Looks good: 38 of 38 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$64K
To programs
17%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$1.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$464K
FY2022$56K
FY2023$36K
FY2024$76K
Expenses
$64K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$64K
FY2021$36K
FY2022$56K
FY2023$61K
FY2024$73K
Net assets
$1.4M
FY2020
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 FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

17 cents of each dollar spent went to programs.

Program services 17% · $11K Management & general 83% · $53K

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

38 people listed on the 990.

Part VII, Section A · reportable compensation
Jeffrey W Stringer
Board Member
$0Pt VII · Sec A
Charles Barden
Board Member
$0Pt VII · Sec A
Mike Jones
Board Member
$0Pt VII · Sec A
David Robbins
Board Member
$0Pt VII · Sec A
Cindy Heisdorffer
Board Member
$0Pt VII · Sec A
Tim Brause
Board Member
$0Pt VII · Sec A
John Kelsey
Board Member
$0Pt VII · Sec A
Claude Diehl
Board Member
$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.

Questions for Walnut Council INC

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Provided by the organization

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1 program · $11K · in their own filed words · FY2020
01

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

$11Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Money outPt IX
$64K
Ln 25
Programscol B$11K
Managementcol C$53K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$1.5M
LiabilitiesLn 26$84K
PeoplePt VI, VII
38
listed · VII A
PaidVII A0
Voting boardVI 1a38
IndependentVI 1b38
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fundraising eventsLn 1c$561
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
InvestmentsLn 11–13$54K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.5M
LiabilitiesLn 26$84K
Net assetsLn 32$1.4M
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 FY20End FY20
Cash and savingsLn 1–2$12K$4K
InvestmentsLn 11–13$46K$54K
Land, buildings, equipmentLn 10c$414K$1.4M
Total assetsLn 16$473K$1.5M
LiabilitiesLn 26$63K$84K
Net assetsLn 32$411K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$5K$5K
Pay of current officers, directors and key staffLn 5$23K$23K
Accounting feesLn 11c$802$802
Other fees for servicesLn 11g$203$203
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$6K$6K
Conferences, conventions and meetingsLn 19$406$406
InterestLn 20$93$93
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$21K$21K
Total functional expensesLn 25$64K$11K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $1.0M$64K$964K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,027,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,700$1,027,311
I-9 Program service revenuePrior year $24,540$0
I-10 Investment income$0
I-11 Other revenuePrior year $32,896−$160
I-12 Total revenuePrior year $59,136$1,027,151
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$5,095
I-15 Salaries and benefitsPrior year $15,028$22,619
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,465$35,849
I-18 Total expensesPrior year $58,493$63,563
I-19 Revenue less expensesPrior year $643$963,588
Part VI · Governance 38 of 38 board members independent, 1 to look at
VI-1a Voting members of the governing body38
VI-1b Independent voting members38
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 $1,027,151 across 5 lines filed
Lines not itemized here account for −$160 of total revenue; see the IRS return.
VIII-1b Membership dues$25,115
VIII-1c Fundraising events$561
VIII-1f All other contributions, gifts and grants$1,001,635
VIII-1h Total contributions, gifts and grants$1,027,311
VIII-12 Total revenueRelated to mission −$160 · Unrelated business $0 · Excluded from tax $0$1,027,151
Part IX · Statement of functional expenses $63,563 across 10 lines filed
IX-4 Benefits paid to or for membersPrograms $5,095$5,095
IX-5 Pay of current officers, directors and key staffManagement $22,619$22,619
IX-11c Accounting feesManagement $802$802
IX-11g Other fees for servicesManagement $203$203
IX-12 Advertising and promotionPrograms $5,367$5,367
IX-13 Office expensesManagement $5,749$5,749
IX-19 Conferences, conventions and meetingsPrograms $406$406
IX-20 InterestManagement $93$93
IX-23 InsuranceManagement $2,278$2,278
IX-24 Other expenses (24a–d)Management $20,951$20,951
IX-25 Total functional expensesPrograms $10,868 · Management $52,695 · Fundraising $0$63,563
Part X · Balance sheet $1,465,983 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $12,383$3,831
X-10c Land, buildings and equipment, netStart of year $414,500$1,408,644
X-11 Publicly traded securitiesStart of year $46,489$53,508
X-16 Total assetsStart of year $473,372$1,465,983
X-24 Unsecured notes and loans payableStart of year $62,550$83,911
X-26 Total liabilitiesStart of year $62,550$83,911
X-32 Total net assets or fund balancesStart of year $410,822$1,382,072
X-33 Total liabilities and net assetsStart of year $473,372$1,465,983
Part XI · Reconciliation of net assets $1,382,072 net assets at year end
XI-1 Total revenue$1,027,151
XI-2 Total expenses$63,563
XI-3 Revenue less expenses$963,588
XI-4 Net assets at start of year$410,822
XI-5 Net unrealized gains (losses) on investments$7,662
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,382,072

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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