NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP (EIN 20-3767882)
Tax period
2022-08-01 to 2023-07-31
Filed
2024-02-16
IRS object ID
202400479349300315
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-02-16T08:46:29-05:00ReturnTs
Tax Period End2023-07-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593042376PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1DEAROLF & MERENESS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line115425 N FLORIDA AVEAddressLine1Txt
CityTAMPACityNm
State AbbreviationFLStateAbbreviationCd
ZIP33613ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-08-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN203767882EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NEW VARIETIES DEVELOPMENTBusinessNameLine1Txt
Business Name Line2& MANAGEMENT CORPBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNEWVBusinessNameControlTxt
Phone3212145200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 TRAFALGAR CT STE 200AddressLine1Txt
CityMAITLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32751ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJ PETER CHAIRESPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone3212145200PhoneNum
Signature2024-02-16SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJ PETERPersonFirstNm
Person LastCHAIRESPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL ZICHMILLERPreparerPersonNm
PTINP00838343PTIN
Phone8132695700PhoneNum
Preparation2024-02-16PreparationDt
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJ PETER CHAIRESPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 TRAFALGAR CT STE 200AddressLine1Txt
CityMAITLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32751ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$581,808GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressNVDMC.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionGROWER 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.ActivityOrMissionDesc
Voting Members Governing Body13VotingMembersGoverningBodyCnt
Voting Members Independent13VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$467,830PYContributionsGrantsAmt
CY Contributions Grants$576,374CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$9,723PYOtherRevenueAmt
CY Other Revenue$5,434CYOtherRevenueAmt
PY Total Revenue$477,553PYTotalRevenueAmt
CY Total Revenue$581,808CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$502,878PYOtherExpensesAmt
CY Other Expenses$592,202CYOtherExpensesAmt
PY Total Expenses$502,878PYTotalExpensesAmt
CY Total Expenses$592,202CYTotalExpensesAmt
PY Revenues Less Expenses-$25,325PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$10,394CYRevenuesLessExpensesAmt
Total Assets BOY$126,225TotalAssetsBOYAmt
Total Assets EOY$283,510TotalAssetsEOYAmt
Total Liabilities BOY$33,413TotalLiabilitiesBOYAmt
Total Liabilities EOY$201,092TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$92,812NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$82,418NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionGROWER 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$548,312ExpenseAmt
DescNVDMC 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.Desc
Total Program Service Expenses$548,312TotalProgramServiceExpensesAmt
Described In Section501c3falseDescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members13GoverningBodyVotingMembersCnt
Independent Voting Member13IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJ PETER CHAIRESPersonNm
Phone3212145200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1800 TRAFALGAR CT SUITE 200AddressLine1Txt
CityMAITLANDCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32751ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
RUSTY BANACK
DIRECTOR0.00Yes (X)$0$0$0
ALEX BROWN
DIRECTOR0.00Yes (X)$0$0$0
STEVEN CALLAHAM
DIRECTOR0.00Yes (X)$0$0$0
J PETER CHAIRES
EXECUTIVE DI15.00Yes (X)$0$0$0Yes (X)
FRANK M HUNT III
CHAIRMAN3.00Yes (X)$0$0$0Yes (X)
PAUL KOUKOS
SECRT/TREAS2.00Yes (X)$0$0$0Yes (X)
RON MAHAN
DIRECTOR0.00Yes (X)$0$0$0
GREG NELSON
DIRECTOR0.00Yes (X)$0$0$0
CLAY PEDERSON
DIRECTOR0.00Yes (X)$0$0$0
PHIL RUCKS
VICE CHAIRMA2.00Yes (X)$0$0$0Yes (X)
GEOFF ROE
DIRECTOR0.00Yes (X)$0$0$0
JOBY SHERROD
DIRECTOR0.00Yes (X)$0$0$0
EMERY SMITH
DIRECTOR0.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$576,235GovernmentGrantsAmt
All Other Contributions$139AllOtherContributionsAmt
Total Contributions$576,374TotalContributionsAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,434TotalRevenueColumnAmt
Related Or Exempt Func Income$5,434RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$581,808TotalRevenueColumnAmt
Related Or Exempt Func Income$5,434RelatedOrExemptFuncIncomeAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$152,240TotalAmt
Program Services$114,180ProgramServicesAmt
Management And General$38,060ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$50,917TotalAmt
Program Services$50,917ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,500TotalAmt
Management And General$4,500ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$1,041TotalAmt
Program Services$1,041ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,306TotalAmt
Program Services$2,479ProgramServicesAmt
Management And General$827ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$4,665TotalAmt
Program Services$4,665ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,097TotalAmt
Program Services$1,097ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,246TotalAmt
Program Services$934ProgramServicesAmt
Management And General$312ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
RESEARCH$372,609$372,609
TELEPHONE$520$390$130
TAXES AND LICENSES$61$61

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$592,202TotalAmt
Program Services$548,312ProgramServicesAmt
Management And General$43,890ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$109,524BOYAmt
EOY$72,418EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$16,701BOYAmt
EOY$211,092EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$126,225BOYAmt
EOY$283,510EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$33,413BOYAmt
EOY$201,092EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$33,413BOYAmt
EOY$201,092EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$92,812BOYAmt
EOY$82,418EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$92,812BOYAmt
EOY$82,418EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$126,225BOYAmt
EOY$283,510EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$10,394ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteefalseAuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONGROWER 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.
FORM 990, PAGE 6, PART VI, LINE 11BA PUBLIC ACCOUNTING FIRM WAS HIRED TO PREPARE AND ANALYZE FORM 990. PETER CHAIRES ACTED AS A REPRESENTATIVE TO REVIEW FORM 990.
FORM 990, PAGE 6, PART VI, LINE 19THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.

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