2024-05-06T10:58:45-04:00 2023-06-30 Kattell and Company PL 808-B NW 16th Ave Gainesville FL 32601 990 2022-07-01 590931036 Florida Foundation Seed Producers Inc FLOR PO Box 309 Greenwood FL 32443 John Beuttenmuller EDSecretaryTr 8505944721 2024-05-03 false John Beuttenmuller Stephen H Kattell P01278226 3523956565 2024-05-06 0 00 AAL2 IAL1 2022 2023-04-26 12:10:37Z John Beuttenmuller 18982029 false X http://ffsp.net X 1943 FL To ensure foundation seed and nursery stocks of the best-known varieties adaptable to the climate and soils are available annually to Florida farmers and producers. 13 13 9 14 0 0 8800 1550 18238347 16348183 -29073 228611 220027 -241435 18438101 16336909 12846532 11768484 0 587459 628242 0 0 3871511 3640608 17305502 16037334 1132599 299575 24869112 23628224 10385835 8845372 14483277 14782852 To ensure foundation seed and nursery stocks of the best-known varieties adaptable to the climate and soils are available annually to Florida farmers and producers. false false 15617361 11768484 16324600 The Organization acts as an agent for the Florida Agricultural Experiment Station (FAES) and collects royalties on released and licensed cultivars. In the capacity of being an agent, the organization provides office space and personnel to handle the plant variety protection, trademark, plant patent breeders rights applications. The Organization facilitates the licensing and marketing of FAES released cultivars and is responsible for the negotiation, execution, and management of contracts. 251462 2329037 The Organization works with the Institute of Food and Agricultural Sciences of the University of Florida for the purposes of increasing foundation seed from the point at which a variety is developed by a trained plant breeder to the state where ample stocks are made available to qualified seed producers. The Organization owns 500 acres of land near Mariana, Florida. The Organization owns farming equipment, processing equipment and storage facilities that it uses to grow, harvest and process foundation seed products. The majority of the costs incurred are included in the cost of goods sold, line 10b of Part VIII. 15868823 true false false false false false false false true false true false false false true false true true false false true false false false false false false true false true false false false false false false false true false false false false false true false false false true 87 0 9 true false false false false false false false false false false false false X 13 13 false false false false true true true true false false false true true true true false false true false false X John Beuttenmuller 8505944721 3913 HWY 71 Greenwood FL 32443 John Beuttenmuller EDSecTreasurer 40.00 0.00 X 7649 173077 37681 Sam Greenwood Board Member 1.00 0.00 X 0 0 0 Andra Johnson Board Member 1.00 0.00 X 0 0 0 Anthony Adams Board Member 1.00 0.00 X 0 0 0 Jamie Jerrels Board Member 1.00 0.00 X 0 0 0 Charles Allison Board Member 1.00 0.00 X 0 0 0 Cole McNair Board Member 1.00 0.00 X 0 0 0 Wes Wood Board Member 1.00 0.00 X 0 0 0 Scott Robinson Board Member 1.00 0.00 X 0 0 0 Ty Strode Board Member 1.00 0.00 X 0 0 0 Rob Gilbert Board Member 1.00 0.00 X 0 0 0 John Sizemore Board Member 1.00 0.00 X 0 0 0 Nate Jameson Vice President 1.00 0.00 X X 0 0 0 Ricky Hartley President 1.00 0.00 X X 0 0 0 7649 173077 37681 0 false true false 1550 1550 Royalties Collections 900099 16325476 16325476 USDAFSA Income 900099 22707 22707 16348183 182881 182881 65067 65067 65067 18995 46072 124966 79236 45730 45730 45730 2259382 2565884 -306502 -306502 16336909 16106406 0 228953 11768484 11768484 223026 156118 66908 257558 230687 26871 24590 22025 2565 83759 75020 8739 39309 35208 4101 23931 23931 4611 4611 41183 33892 7291 39160 33421 5739 49358 41254 8104 30269 25124 5145 7520 6242 1278 UF Overhead Charge 3202 3202 Breeder Distributions 3132692 3132692 Licensing Expenses 278829 278829 Dues and Memberships 29853 25216 4637 16037334 15868823 168511 0 24533 8038 11103194 12233149 6070795 4029602 235989 196769 172113 182565 124735 41062 10597376 3660337 7137753 6937039 24869112 23628224 248413 165575 9902890 8493474 234532 186323 10385835 8845372 X 14483277 14782852 14483277 14782852 24869112 23628224 299575 0 X false true X true false X X 1 University of FL 596002052 2 true 11315506 0 1 11315506 0 true false false false false false false false false false false false false false false true false Provided support Part IV line 6 FFSP is a Direct Support Organization of the University of Florida (UF).The Organization provides a vehicle for UF to transfer agricultural technology to the private sector and provides research grants to UF with any excess earnings from operations.The Organization acts as an agent for the Florida Agricultural Experiment Station (FAES) and collects royalties on released and licensed cultivars. In its capacity as agent, the Organization provides office space and personnel to handle the plant variety protection, trademark, plant patent and plant breeders rights applications. The Organization facilitates the licensing and marketing of FAES released cultivars and is responsible for the negotiation, execution, and management of contracts thereto. false true X 448266 448266 4342429 881222 3461207 5581282 2746905 2834377 225399 32210 193189 6937039 Deferred Inflows - Leases 186323 186323 1613084 1613084 14723825 14723825 16336909 1313509 1313509 14723825 14723825 16037334 Escrow account liability (Part IV, line 2b) The Organization received royalties from licensees and pays a portion to the University of Florida and inventors. Amounts reported on Line 21 of Form 990, Part X are amounts yet to be distributed. Other revenues included on Form 990 (Part XI, line 4b) Royalty distributions and expenses. Other expenses included on Form 990 (Part XII, line 4b) Royalty distributions and expenses. South America Program services Ag Product Licensing 118143 North America Not the United States Program services Ag Product Licensing Middle East and North Africa Program services Ag Product Licensing East Asia and the Pacific Program services Ag Product Licensing Europe including Iceland and Greenland Program services Ag Product Licensing 18216 136359 136359 false false false false false false Supplemental Information (Part V, Other) The Organization answered Yes to Form 990, Part IV, Line 14b because it receives royalty revenues from licensees located in the regions indicated on Schedule F, Part I, Line 3. true University of Florida Foundation PO Box 14425 Gainesville FL 32604 590974739 3 456180 Endowment University of Florida PO Box 113203 Gainesville FL 32611 596002052 GOV 11312304 Research support University of Florida PO Box 113203 Gainesville FL 32611 596002052 Gov 3202 Admin support Monitoring procedures (Part I, line 2) Endowment grant funds are provided to the University of Florida Foundation to establish an endowment fund. The Fund is subject to a gift agreement and the management and investment policies of the Foundation. X false false false false false false false false false John Beuttenmuller EDSecTreasurer 7649 173077 37681 7649 210758 Agri-Starts Inc Owner 35 19108 Royalties Received false Wild Goose Farms LLC Owner 35 33146 Royalties Received false Brite Leaf Citrus Nursery Owner 35 1065 Royalties Received false Agri-Starts Inc Owner 35 50515 Purchase of trial plants false Brite Leaf Citrus Nursery Owner 35 1254 Purchase of trial plants false Supplemental Information for Schedule L Agri-Starts, Inc., Brite Leaf Citrus Nursery, and Wild Goose Farms, LLC paid royalties to FFSP. FFSP purchased trial plants from Agri-Starts, Inc., and Brite Leaf Citrus Nursery. Board members are >35% owners of each of these companies. Members or stockholder classes and rights Part VI line 6 Any person, or the duly appointed representative of a firm, partnership, corporation, or association engaged in the production of agricultural seeds or nursery stock of improved varieties for planning purpose, agreeing to abide by the Bylaws of FFSP may, upon approval of the Board of Directors and payment of a membership fee become a regular member. Regular members of FFSP elect the Board of Directors and are entitled to vote. Any person, or the duly appointed representative of a firm, partnership, corporation, or association who is interested in patronizing FFSP but who are othewise not eligible for membership, may become an associate member upon payment of an associate membership fee. Associate members shall not be entitled to vote or serve as an officer and/or director for FFSP. Member election for additional members Part VI line 7a The appointment of the Organizations board members is subject to approval by the University of Florida Board of Trustees. Governing body decisions Part VI line 7b The Organization is subject to governance standards to further the One UF strategic mission of the University of Florida (UF) and to ensure appropriate visibility and communication with the UF Board of Trustees (BOT), such that the BOT can effectively fulfill its responsibility as UFs governing board and so that each trustee can carry out his/her fiduciary duties to UF while serving as a member of the BOT. For any matters that would reasonably be considered material to UF, a DSO, or any affiliate entity, or that would generate significant media attention, the President will confer with and notify the BOT. Committee meeting documentation Part VI line 8b There are no committees with the authority to act on the behalf of the governing body. Form 990 governing body review Part VI line 11 The Form 990 is prepared with the assistance of the independent auditor and then reviewed by the Executive Director. The Form 990 is provided to the full Board prior to filing. Conflict of interest policy compliance Part VI line 12c No Director, Officer, Employee or Agent shall have a material personal interest in conflict with the interests of FFSP or be engaged to provide goods or other services to FFSP for remuneration, unless such arrangement is the result of a competitive bidding process or, after disclosure of the conflict, the Board of Directors or its Executive Committee approves such arrangement, which approval shall specifically include procedures for addressing the conflict. All conflicts of interest are required to be disclosed in writing. Failure to follow the disclosure or other requirements of this policy shall be grounds for removal and/or disciplinary action against a Director, Officer, Employee, or Agent. CEO executive director top management comp Part VI line 15a The Board of Directors established a Compensation Committee. The purpose of the Compensation Committee is to assist the Board with its oversight of the forms and amount of compensation for the Executive Director.Compensation Committee membership shall consist of four members. Three members shall be current board members; the President of the Board of Directors, the UF President Designee, and one other member. The fourth member shall be a non-board member with knowledge of the organization with insight into appropriate compensation for an Executive Director serving in this capacity. The Compensation Committee will meet once a year.Authority and Responsibilities. The primary responsibility of the Compensation Committee shall be to set a reasonable salary and benefits package for the Executive Director that is attractive enough to retain the best possible talent to lead the organization. The Compensation Committee shall conduct a review of what similarly-sized organizations, in the same geographic location, offer their senior leaders. The Compensation Committee shall report annually to the Board of Directors and the Dean of Research a recommendation to the total compensation package. This recommendation should be voted on for approval by the Board of Directors which has authority for setting compensation and in accordance with UF Governance Standards for DSOs. The Dean of Research shall assist in aligning any recommendations of compensation with the annual performance review of the Executive Director. The Dean of Research may also provide any pertinent information related to the University of Florida raise increases that may be considered within the scope of setting compensation for the Executive Director. Governing documents etc available to public Part VI line 19 Governing documents are made available to the public upon request. University of Florida PO Box 113203 Gainesville FL 32601 596002052 University FL GOV State of FL false University of Florida Foundation PO Box 14425 Gainesville FL 32604 590974739 DSO FL 501c3 7 Univ of FL false false true false false false false false false false false false false false false true false false false false University of Florida Foundation b 456180 Cash transaction University of Florida b 11312304 Cash transaction University of Florida p 3202 Cash transaction University of Florida k Donated Mariana Facility