NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP (EIN 20-3767882)
Tax period
2021-08-01 to 2022-07-31
Filed
2023-06-08
IRS object ID
202331599349301323
Schema version
2021v4.0
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)
Return2023-06-08T15:05:32-04:00ReturnTs
Tax Period End2022-07-31TaxPeriodEndDt

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 Begin2021-08-01TaxPeriodBeginDt

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
Signature2023-06-08SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJ PETERPersonFirstNm
Person LastCHAIRESPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL ZICHMILLERPreparerPersonNm
PTINP00838343PTIN
Phone8132695700PhoneNum
Preparation2023-06-08PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
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$477,553GrossReceiptsAmt
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 Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$560,248PYContributionsGrantsAmt
CY Contributions Grants$467,830CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$11,592PYOtherRevenueAmt
CY Other Revenue$9,723CYOtherRevenueAmt
PY Total Revenue$571,840PYTotalRevenueAmt
CY Total Revenue$477,553CYTotalRevenueAmt
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$583,327PYOtherExpensesAmt
CY Other Expenses$502,878CYOtherExpensesAmt
PY Total Expenses$583,327PYTotalExpensesAmt
CY Total Expenses$502,878CYTotalExpensesAmt
PY Revenues Less Expenses-$11,487PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$25,325CYRevenuesLessExpensesAmt
Total Assets BOY$292,124TotalAssetsBOYAmt
Total Assets EOY$126,225TotalAssetsEOYAmt
Total Liabilities BOY$173,987TotalLiabilitiesBOYAmt
Total Liabilities EOY$33,413TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$118,137NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$92,812NetAssetsOrFundBalancesEOYAmt
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$459,010ExpenseAmt
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$459,010TotalProgramServiceExpensesAmt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 (12 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerInd
RUSTY BANACK
DIRECTORYes (X)$0$0$0
J PETER CHAIRES
EXECUTIVE DIYes (X)$0$0$015.00Yes (X)
FRANK M HUNT III
CHAIRMANYes (X)$0$0$03.00Yes (X)
TOM HAMMOND
DIRECTORYes (X)$0$0$0
GEORGE HAMNER
DIRECTORYes (X)$0$0$0
PAUL KOUKOS
SECRT/TREASYes (X)$0$0$02.00Yes (X)
GREG NELSON
DIRECTORYes (X)$0$0$0
PHIL RUCKS
VICE CHAIRMAYes (X)$0$0$02.00Yes (X)
QUENTIN J ROE
DIRECTORYes (X)$0$0$0
JOBY SHERROD
DIRECTORYes (X)$0$0$0
EMERY SMITH
DIRECTORYes (X)$0$0$0
LYNN STEWARD
DIRECTORYes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$467,830GovernmentGrantsAmt
Total Contributions$467,830TotalContributionsAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$9,723TotalRevenueColumnAmt
Related Or Exempt Func Income$9,723RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$477,553TotalRevenueColumnAmt
Related Or Exempt Func Income$9,723RelatedOrExemptFuncIncomeAmt

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$49,593TotalAmt
Program Services$49,593ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,450TotalAmt
Management And General$4,450ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$707TotalAmt
Program Services$707ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,681TotalAmt
Program Services$2,011ProgramServicesAmt
Management And General$670ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total-$1,622TotalAmt
Program Services-$1,622ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$210TotalAmt
Program Services$210ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,222TotalAmt
Program Services$916ProgramServicesAmt
Management And General$306ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
RESEARCH$292,608$292,608
TELEPHONE$543$407$136
TAXES AND LICENSES$246$246

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$502,878TotalAmt
Program Services$459,010ProgramServicesAmt
Management And General$43,868ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$124,598BOYAmt
EOY$109,524EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$167,526BOYAmt
EOY$16,701EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$292,124BOYAmt
EOY$126,225EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$173,987BOYAmt
EOY$33,413EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$173,987BOYAmt
EOY$33,413EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$118,137BOYAmt
EOY$92,812EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$118,137BOYAmt
EOY$92,812EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$292,124BOYAmt
EOY$126,225EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$25,325ReconcilationRevenueExpnssAmt
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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