U S Wheat Associates INC: Nonprofit Profile, Financials & Form 990 (EIN 48-0643776)

Revenue by fiscal year
FY2020	$16.6M
FY2021	$15.0M
FY2022	$16.5M
FY2023	$19.7M
FY2024	$19.8M
FY2025	$19.5M

Expenses by fiscal year
FY2020	$16.5M
FY2021	$14.8M
FY2022	$16.6M
FY2023	$20.4M
FY2024	$19.7M
FY2025	$19.5M

Net assets by fiscal year
FY2020	$7.0M
FY2021	$7.9M
FY2022	$7.1M
FY2023	$6.6M
FY2024	$6.9M
FY2025	$7.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1977.

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

Who runs it and what they're paid

51 people listed on the 990; $2.2M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Vincent Peterson

President

$415,765Pt VII · Sec A

Joseph Sowers

Regional VP

$402,672Pt VII · Sec A

Mitchell Skalicky

Regional VP

$310,568Pt VII · Sec A

Joseph Bippert Asst Reg

Director, South Asia

$282,002Pt VII · Sec A

Michael Spier

VP of Overseas Operations

$253,774Pt VII · Sec A

Steven Mercer

VP of Communications

$204,919Pt VII · Sec A

Chad Weigand

Regional Director

$198,655Pt VII · Sec A

Kurt Coppens

VP of Finance

$145,270Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Vincent Peterson	$415,765	$399,849	$393,099	$368,682	$355,050	$325,731
Joseph Sowers	$402,672	$370,639	$351,701	$277,910	$260,263	$235,485
Mitchell Skalicky	$310,568	$296,655	$283,126	$272,762	$262,176	$233,248
Kevin McGarry	—	$306,585	$226,923	$217,788	$216,171	$199,534
Joseph Bippert Asst Reg	$282,002	$271,291	$219,779	—	—	—
Mattew Weimar	—	—	—	—	—	$262,483
Matthew Weimar	—	—	—	—	$257,332	—
Michael Spier	$253,774	$243,664	$232,953	$222,983	$221,006	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 U.S. wheat sales and market growth internationally.

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Provided by the organization

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1 program · in their own filed words · FY2024

01

U.S. Wheat associates ("usw") helps maintain strong demand for U.S. Wheat and regularly reports to its stakeholders on market development activities that help support the wheat export industry. As the industry's export market development organization, usw promotes the specific benefits of all six classes of U.S.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2024

Ohio Small Grains Marketing ProgramFY2024$166K

Maryland Grain Producers Utilization Board INCFY2024$55K

Total grants receivedfrom 2 funders$221K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$19.5M

Ln 12

Gifts and grantsLn 1h$13.2M

Fees for servicesLn 2g$6.3M

Investment incomeLn 3$29K

Money outPt IX

$19.5M

Ln 25

Owns and owesPt X

$7.2M

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$9.4M

LiabilitiesLn 26$2.2M

PeoplePt VI, VII

51

listed · VII A

PaidVII A12

Voting boardVI 1a35

IndependentVI 1b31

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$13.2M

Government grantsLn 1e$13.0M

Fees for servicesLn 2g$6.3M

Investment incomeLn 3$29K

Total revenueLn 12$19.5M

Assets in detailPt X, end of year

CashLn 1$1.3M

Cash and savings togetherLn 1–2$1.3M

InvestmentsLn 11–13$3.4M

Land, buildings, equipmentLn 10c$1.9M

Other assetsLn 15$223K

Total assetsLn 16$9.4M

LiabilitiesLn 26$2.2M

Net assetsLn 32$7.2M

OperationsPt I, VI

EmployeesI 532

VolunteersI 632

Fiscal year endsHeaderJune

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$1.8M	$1.3M
InvestmentsLn 11–13	$3.1M	$3.4M
Land, buildings, equipmentLn 10c	$1.9M	$1.9M
Total assetsLn 16	$9.0M	$9.4M
LiabilitiesLn 26	$2.0M	$2.2M
Net assetsLn 32	$6.9M	$7.2M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$1.0M
Other salaries and wagesLn 7	$2.8M
Pension plan contributionsLn 8	$312K
Other employee benefitsLn 9	$793K
Payroll taxesLn 10	$247K
Legal feesLn 11b	$13K
Accounting feesLn 11c	$73K
Investment management feesLn 11f	$18K
Other fees for servicesLn 11g	$42K
Office expensesLn 13	$132K
Information technologyLn 14	$56K
OccupancyLn 16	$243K
TravelLn 17	$55K
Conferences, conventions and meetingsLn 19	$216K
InterestLn 20	$1K
Depreciation, depletion and amortizationLn 22	$94K
InsuranceLn 23	$68K
Other expenses (24a–d)Ln 24	$13.2M
All other expensesLn 24e	$33K
Total functional expensesLn 25	$19.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$19.5M	$19.5M	−$8K	$7.2M	990 PDF
FY2024	$19.8M	$19.7M	$85K	$6.9M	990 PDF
FY2023	$19.7M	$20.4M	−$695K	$6.6M	990 PDF
FY2022	$16.5M	$16.6M	−$71K	$7.1M	990 PDF
FY2021	$15.0M	$14.8M	$268K	$7.9M	990 PDF
FY2020	$16.6M	$16.5M	$99K	$7.0M	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 J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $19,492,135 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $13,564,649$13,208,235

I-9 Program service revenuePrior year $6,165,900$6,255,002

I-10 Investment incomePrior year $103,427$28,898

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $19,833,976$19,492,135

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $5,227,155$5,213,588

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $14,521,901$14,286,788

I-18 Total expensesPrior year $19,749,056$19,500,376

I-19 Revenue less expensesPrior year $84,920−$8,241

Part VI · Governance 31 of 35 board members independent, 1 to look at

VI-1a Voting members of the governing body35

VI-1b Independent voting members31

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 $19,492,135 across 6 lines filed

VIII-1e Government grants$12,986,790

VIII-1f All other contributions, gifts and grants$221,445

VIII-1h Total contributions, gifts and grants$13,208,235

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,255,002$6,255,002

VIII-3 Investment incomeExcluded from tax $28,898$28,898

VIII-12 Total revenueRelated to mission $6,255,002 · Unrelated business $0 · Excluded from tax $28,898$19,492,135

Part IX · Statement of functional expenses $19,500,376 across 19 lines filed

IX-5 Pay of current officers, directors and key staff$1,023,184

IX-7 Other salaries and wages$2,837,541

IX-8 Pension plan contributions$312,417

IX-9 Other employee benefits$793,139

IX-10 Payroll taxes$247,307

IX-11b Legal fees$13,121

IX-11c Accounting fees$72,906

IX-11f Investment management fees$18,185

IX-11g Other fees for services$41,648

IX-13 Office expenses$132,125

IX-14 Information technology$55,540

IX-16 Occupancy$242,617

IX-17 Travel$55,199

IX-19 Conferences, conventions and meetings$215,652

IX-20 Interest$1,388

IX-22 Depreciation, depletion and amortization$94,040

IX-23 Insurance$67,542

IX-24 Other expenses (24a–d)$13,243,812

IX-24e All other expenses$33,013

IX-25 Total functional expenses$19,500,376

Part X · Balance sheet $9,393,353 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $1,815,435$1,310,717

X-3 Pledges and grants receivableStart of year $1,299,669$1,231,679

X-4 Accounts receivableStart of year $359,184$1,122,518

X-9 Prepaid expenses and deferred chargesStart of year $153,540$205,923

X-10c Land, buildings and equipment, netStart of year $1,927,042$1,866,246

X-11 Publicly traded securitiesStart of year $3,106,339$3,433,022

X-15 Other assetsStart of year $294,255$223,248

X-16 Total assetsStart of year $8,955,469$9,393,353

X-17 Accounts payable and accrued expensesStart of year $419,417$475,438

X-18 Grants payable$55,766

X-25 Other liabilitiesStart of year $1,570,548$1,638,831

X-26 Total liabilitiesStart of year $2,039,875$2,170,035

X-27 Net assets without donor restrictionsStart of year $6,814,210$7,046,535

X-28 Net assets with donor restrictionsStart of year $101,384$176,783

X-32 Total net assets or fund balancesStart of year $6,915,594$7,223,318

X-33 Total liabilities and net assetsStart of year $8,955,469$9,393,353

Part XI · Reconciliation of net assets $7,223,318 net assets at year end

XI-1 Total revenue$19,492,135

XI-2 Total expenses$19,500,376

XI-3 Revenue less expenses−$8,241

XI-4 Net assets at start of year$6,915,594

XI-5 Net unrealized gains (losses) on investments$315,965

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$7,223,318

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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