Oklahoma Genetics INC FY2021 filing

Not tax-deductible

Stillwater, OK501(c)(5)Since 2005Food & AgricultureEIN 73-1728055Revenue $1.7M in FY2021

On file with the IRSokgenetics.com201 S Range Rd, 74074-1559 · Stillwater, OKTax-exempt since Oct 2007

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To promote stewarship, and publicize and market the use of improved Genetics, traits, and benefits of quality pedigreed seed and vegetatively propragated materials. Promote educational programs and scientific research for the benefit of crop producers.

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(5)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $132K a year · 7% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 15.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$18K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
Spent
$1.5M
To programs
98%
Net assets
$2.2M
By yearFY2021–FY2026
Revenue
$1.7M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.7M
FY2022$2.0M
FY2023$1.7M
FY2024$1.3M
FY2025$1.7M
FY2026$2.2M
Expenses
$1.5M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2022$1.5M
FY2023$1.7M
FY2024$1.3M
FY2025$2.2M
FY2026$1.5M
Net assets
$2.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.2M
FY2022$2.6M
FY2023$2.6M
FY2024$2.6M
FY2025$2.1M
FY2026$2.8M

From the FY2021 Form 990 (year ending January 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Oct 2007.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.5M Management & general 2% · $36K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
2nd Vice-Cha
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Don Schieber’s $2K as Secretary/Tr is at the 0th percentile of top reported officer pay among 819 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Don Schieber$2,500$1,000

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

Improves seed genetics and educates farmers on best practices.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2020
01

To promote stewarship, and publicize and market the use of improved genetics, traits, and benefits of quality pedigreed seed and vegetatively propragated materials. Promote educational programs and scientific research for the benefit of crop producers.

$1.5Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$41K
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Managementcol C$36K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$2.0M
Total assetsLn 16$2.2M
LiabilitiesLn 26$18K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41K
Fees for servicesLn 2g$1.6M
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$203K
Cash and savings togetherLn 1–2$2.0M
Land, buildings, equipmentLn 10c$202K
Total assetsLn 16$2.2M
LiabilitiesLn 26$18K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJanuary
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.8M$2.0M
Land, buildings, equipmentLn 10c$211K$202K
Total assetsLn 16$2.0M$2.2M
LiabilitiesLn 26$15K$18K
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other employee benefitsLn 9$17K$17K
Legal feesLn 11b$24K$24K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$51K$51K
Office expensesLn 13$8K$2K$6K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$1.1M$1.1M
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$24K$24K
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$237K$237K
All other expensesLn 24e$26K$26K
Total functional expensesLn 25$1.5M$1.5M$36K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $2.2M$1.5M$677K$2.8M 990 PDF
FY2025 $1.7M$2.2M−$477K$2.1M 990 PDF
FY2024 $1.3M$1.3M−$5K$2.6M 990 PDF
FY2023 $1.7M$1.7M−$42K$2.6M 990 PDF
FY2022 $2.0M$1.5M$478K$2.6M 990 PDF
FY2021 Viewing $1.7M$1.5M$159K$2.2M 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 FY2021 990 (6 parts)
Part I · Summary $1,676,651 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $72,567$40,700
I-9 Program service revenuePrior year $1,572,019$1,635,951
I-10 Investment incomePrior year $4,849$0
I-11 Other revenue$0
I-12 Total revenuePrior year $1,649,435$1,676,651
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $27,500$17,000
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,503,936$1,501,045
I-18 Total expensesPrior year $1,531,436$1,518,045
I-19 Revenue less expensesPrior year $117,999$158,606
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,676,651 across 4 lines filed
Lines not itemized here account for $1,245 of total revenue; see the IRS return.
VIII-1b Membership dues$40,700
VIII-1h Total contributions, gifts and grants$40,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,634,706$1,634,706
VIII-12 Total revenueRelated to mission $1,635,951$1,676,651
Part IX · Statement of functional expenses $1,518,045 across 13 lines filed
IX-9 Other employee benefitsPrograms $17,000$17,000
IX-11b Legal feesPrograms $23,567$23,567
IX-11c Accounting feesManagement $1,725$1,725
IX-12 Advertising and promotionPrograms $51,334$51,334
IX-13 Office expensesPrograms $2,193 · Management $6,297$8,490
IX-14 Information technologyManagement $2,835$2,835
IX-15 RoyaltiesPrograms $1,113,737$1,113,737
IX-17 TravelPrograms $2,651$2,651
IX-19 Conferences, conventions and meetingsManagement $24,009$24,009
IX-22 Depreciation, depletion and amortizationPrograms $8,883$8,883
IX-23 InsuranceManagement $1,037$1,037
IX-24 Other expenses (24a–d)Programs $236,848$236,848
IX-24e All other expensesPrograms $25,929$25,929
IX-25 Total functional expensesPrograms $1,482,142 · Management $35,903 · Fundraising $0$1,518,045
Part X · Balance sheet $2,171,826 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,798,797$1,766,790
X-2 Savings and temporary cash investments$202,819
X-10c Land, buildings and equipment, netStart of year $211,100$202,217
X-16 Total assetsStart of year $2,009,897$2,171,826
X-17 Accounts payable and accrued expensesStart of year $14,687$18,010
X-26 Total liabilitiesStart of year $14,687$18,010
X-27 Net assets without donor restrictionsStart of year $1,995,210$2,153,816
X-32 Total net assets or fund balancesStart of year $1,995,210$2,153,816
X-33 Total liabilities and net assetsStart of year $2,009,897$2,171,826
Part XI · Reconciliation of net assets $2,153,816 net assets at year end
XI-1 Total revenue$1,676,651
XI-2 Total expenses$1,518,045
XI-3 Revenue less expenses$158,606
XI-4 Net assets at start of year$1,995,210
XI-10 Net assets at end of year$2,153,816

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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