NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
NEW VARIETIES DEVELOPMENT&MANAGEMEN T CORP (EIN 20-3767882)
Tax period
2019-08-01 to 2020-07-31
Filed
2020-12-10
IRS object ID
202023459349301322
Schema version
2019v5.0
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)
Return2020-12-10T14:42:32-06:00ReturnTs
Tax Period End2020-07-31TaxPeriodEndDt

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 Begin2019-08-01TaxPeriodBeginDt

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
Signature2020-12-10SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMICHAEL ZICHMILLERPreparerPersonNm
PTINP00838343PTIN
Phone8132695700PhoneNum
Preparation2020-12-10PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address47.206.160.83IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-12-10IPDt
IP Tm14:42:32IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdD630587D45C8DEAFFC527FC7CC7FD4F1B17BBBA8AtSubmissionCreationDeviceId
At Submission Filing Device IdD9BE125C7FA9663CF41802929BCEC7D0C8FB8BFCAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

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$585,283GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2005FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionDEVELOP AND MANAGE NEW CITRUS VARIETIESActivityOrMissionDesc
Voting Members Governing Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$604,140PYContributionsGrantsAmt
CY Contributions Grants$570,889CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$19,200PYOtherRevenueAmt
CY Other Revenue$14,394CYOtherRevenueAmt
PY Total Revenue$623,340PYTotalRevenueAmt
CY Total Revenue$585,283CYTotalRevenueAmt
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$600,640PYOtherExpensesAmt
CY Other Expenses$580,241CYOtherExpensesAmt
PY Total Expenses$600,640PYTotalExpensesAmt
CY Total Expenses$580,241CYTotalExpensesAmt
PY Revenues Less Expenses$22,700PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$5,042CYRevenuesLessExpensesAmt
Total Assets BOY$340,051TotalAssetsBOYAmt
Total Assets EOY$172,060TotalAssetsEOYAmt
Total Liabilities BOY$215,469TotalLiabilitiesBOYAmt
Total Liabilities EOY$42,436TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$124,582NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$129,624NetAssetsOrFundBalancesEOYAmt
MissionDEVELOP AND MANAGE NEW CITRUS VARIETIESMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$536,894ExpenseAmt
DescTO PROVIDE A COMPREHENSIVE STRATEGIC PROCESS TO DEVELOP AND MANAGE NEW CITRUS VARIETIES FOR THE BENEFIT OF THE FLORIDA CITRUS GROWER AND INDUSTRYDesc
Total Program Service Expenses$536,894TotalProgramServiceExpensesAmt
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 Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
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 (14 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$03.00Yes (X)
FRANK M HUNT III
CHAIRMANYes (X)$0$0$010.00Yes (X)
MICHAEL GARAVAGLIA
DIRECTORYes (X)$0$0$0
TOM HAMMOND
DIRECTORYes (X)$0$0$0
GEORGE HAMNER
DIRECTORYes (X)$0$0$0
FRANK HUNT
DIRECTORYes (X)$0$0$0
PAUL KOUKOS
SECRT/TREASYes (X)$0$0$03.00Yes (X)
JUSTIN MARTIN
DIRECTORYes (X)$0$0$0
GREG NELSON
DIRECTORYes (X)$0$0$0
PHIL RUCKS
VICE CHAIRMAYes (X)$0$0$03.00Yes (X)
QUENTIN J ROE
DIRECTORYes (X)$0$0$0
JOBY SHERROD
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$570,889GovernmentGrantsAmt
Total Contributions$570,889TotalContributionsAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$14,366TotalRevenueColumnAmt
Related Or Exempt Func Income$14,366RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER REVENUEDesc
Business111000BusinessCd
Total Revenue Column$28TotalRevenueColumnAmt
Related Or Exempt Func Income$28RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$28OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$585,283TotalRevenueColumnAmt
Related Or Exempt Func Income$14,394RelatedOrExemptFuncIncomeAmt

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$43,083TotalAmt
Program Services$43,083ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$4,250TotalAmt
Management And General$4,250ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$165TotalAmt
Program Services$165ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,172TotalAmt
Program Services$1,629ProgramServicesAmt
Management And General$543ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$8,795TotalAmt
Program Services$8,795ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,022TotalAmt
Program Services$1,022ProgramServicesAmt

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$366,722$366,722
TELEPHONE$509$382$127
TAXES AND LICENSES$61$61

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$580,241TotalAmt
Program Services$536,894ProgramServicesAmt
Management And General$43,347ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$106,613BOYAmt
EOY$155,095EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$233,438BOYAmt
EOY$16,965EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$340,051BOYAmt
EOY$172,060EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$215,469BOYAmt
EOY$42,436EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$215,469BOYAmt
EOY$42,436EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$124,582BOYAmt
EOY$129,624EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$124,582BOYAmt
EOY$129,624EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$340,051BOYAmt
EOY$172,060EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$5,042ReconcilationRevenueExpnssAmt
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 (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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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