| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AUDIT AND TAX SERVICES | 183,872 | 18,387 | 0 | 165,485 |
| Identifier | Return Reference | Explanation |
|---|---|---|
| PART VI | PRIVATE FOUNDATION STATUS TERMINATIONNOBLE RESEARCH INSTITUTE, LLC (THE "INSTITUTE") IS CURRENTLY IN THE 60-MONTH TERMINATION PERIOD AS PROVIDED BY SECTION 507(B)(1)(B). THE IRS HAS ISSUED THE INSTITUTE AN ADVANCE RULING THAT THE INSTITUTE CAN REASONABLY BE EXPECTED TO MEET THE REQUIREMENTS OF SECTION 507(B)(1)(B)(I) DURING THE TERMINATION PERIOD, AS IT IS EXPECTED THAT THE INSTITUTE WILL LIKELY SATISFY THE REQUIREMENTS OF A PUBLIC CHARITY. THEREFORE, THE INSTITUTE DOES NOT HAVE A REQUIREMENT TO REMIT THE NET INVESTMENT EXCISE TAX AS CALCULATED ON LINE 9 OF PART VI DURING THE 60-MONTH TERMINATION PERIOD. | |
| PART IX-A | SUMMARY OF DIRECT CHARITABLE ACTIVITIESNOBLE RESEARCH INSTITUTE, LLC ("INSTITUTE"), HEADQUARTERED IN ARDMORE, OKLAHOMA, IS AN INDEPENDENT, NONPROFIT ORGANIZATION CONDUCTING RESEARCH AND AGRICULTURAL PROGRAMS TO ENHANCE AGRICULTURAL PRODUCTIVITY REGIONALLY AND NATIONALLY. FOUNDED IN 1945 (SEE NOTE (*) BELOW), THE INSTITUTE CONTINUED THE INFLUENCE OF AGRICULTURE BY EXPLORING AND IMPROVING PRODUCTION AGRICULTURE TECHNIQUES AND TECHNOLOGY (PLANT-BASED) THROUGH RESEARCH AND EDUCATING AGRICULTURAL PRODUCERS USING CONSULTATION AND EDUCATIONAL PROGRAMMING. IN 2020, INSTITUTE RESEARCH PROGRAMS CONSISTED OF (A) FUNDAMENTAL RESEARCH FOR PLANT GENE/TRAIT DISCOVERY; (B) FUNDAMENTAL RESEARCH TO PRODUCE CRITICAL, PUBLICLY AVAILABLE GENOMIC/GENETIC RESOURCES FOR RESEARCHERS WORLDWIDE; (C) TRANSLATIONAL AND DEVELOPMENTAL RESEARCH TO INCORPORATE INNOVATIONS AND DISCOVERIES INTO PLANTS; (D) PLANT BREEDING AND DEVELOPMENT; AND (E) EVALUATION AND ASSESSMENT OF FORAGE CROPS, BEEF CATTLE AND TECHNOLOGY IN A PRODUCTION AGRICULTURAL ENVIRONMENT FOR PERFORMANCE AND VALUE ASSESSMENT. THESE RESEARCH OPERATIONS COMPLEMENT THE INSTITUTE'S AGRICULTURAL PROGRAMS, WHICH INVOLVE LONG-TERM, PROFESSIONAL RELATIONSHIPS WITH AGRICULTURAL PRODUCERS THAT FOSTER LAND STEWARDSHIP, INCLUDING REGENERATIVE LAND MANAGEMENT, AND OPERATIONAL VIABILITY. DUE TO THE COVID OUTBREAK AND IN CONSIDERATION FOR THE SAFETY FOR ATTENDEES, THE INSTITUTE CURTAILED ITS COMPETENCY-BASED EDUCATION TO FARMERS AND RANCHERS IN 2020. HOWEVER, THE INSTITUTE WILL RESUME SUCH PROGRAMMING TO ASSIST IN DEVELOPING FARMER AND RANCHER SKILLS TO IMPROVE OPERATIONAL EFFICIENCIES, REGENERATE THE SOIL, AND IMPROVE PROFITABILITY.THE INSTITUTE UNDERTOOK A SIGNFICANT STRATEGIC PLANNING INITIATIVE INVOLVING MORE THAN A THIRD OF ITS EMPLOYEES. WITH THE INTENT OF IMPLEMENTATION IN 2021, THE INSTITUTE PLANNED AND SCOPED FOR A FOCUSING OF ITS OPERATIONS TO "ACHIEVE REGENERATIVE LAND STEWARDSHIP IN GRAZING ANIMAL PRODUCTION WITH LASTING PRODUCER PROFITABILITY." THE IMPACT WILL RESULT IN A FOCUSING AND RESHAPING OF EXISTING RESEARCH, CONSULTATION AND EDUCATION PROGRAMS IN FURTHERANCE OF ITS CHARITABLE PURPOSE. IN 2020, THE INSTITUTE EMPLOYED 357 STAFF MEMBERS ACROSS ITS AGRICULTURAL CONSULTING, RESEARCH, FIELD, AND SUPPORT GROUPS, REPRESENTING 22 COUNTRIES. AMONG THESE EMPLOYEES, 69 HELD DOCTORATE LEVEL DEGREES.THESE OPERATIONS ARE BASED ON AN 800 ACRE CAMPUS WHICH INCLUDES APPROXIMATELY 485,000 SQUARE FEET OF RESEARCH AND ADMINISTRATION SPACE AND A COMPLIMENTARY 13,500 ACRES OF RANCHES OFFERING DIFFERENT OPERATING CHARACTERISTICS IN SOUTHERN OKLAHOMA.IN 2020, INSTITUTE AGRICULTURAL CONSULTANTS AND SCIENTISTS PUBLISHED PEER-REVIEWED ARTICLES AND SCIENTIFICALLY RESPECTED JOURNALS AND CONTINUED TO PURSUE U.S. AND INTERNATIONAL PATENT PROTECTION FOR VALUABLE DISCOVERIES AS WELL AS PLANT VARIETY PROTECTION CERTIFICATE FOR NOVEL AND DISTINCT CULIVARS FOR COMMERCIAL RELEASE THROUGH LICENSEES.IN FURTHERANCE OF ITS CHARITABLE MISSION AND ITS COMMITMENT TO ADVANCE PRODUCTION AGRICULTURE, INSTITUTE CONSULTANTS AND SCIENTISTS FORMALLY COLLABORATE WITH A BROAD BASE OF ACADEMIC AND GOVERNMENT INSTITUTIONS. THE INSTITUTE COLLABORATED IN THE U.S. DEPARTMENT OF ENERGY'S CENTER FOR BIOENERGY INNOVATION AT THE OAK RIDGE NATIONAL LAB. IT ALSO WORKS IN CONJUNCTION WITH A SIGNIFICANT NUMBER OF LAND GRANT UNIVERSITIES AND NON-LAND GRANT COLLEGES OF AGRICULTURE, AND OTHER AGRICULTURAL ORGANIZATIONS, INCLUDING BUT NOT LIMITED TO OKLAHOMA STATE UNIVERSITY; OKLAHOMA COOPERATIVE EXTENSION; OKLAHOMA DEPARTMENT OF AGRICULTURE, FOOD, AND FORESTRY; TEXAS AGRILIFE RESEARCH; TEXAS AGRILIFE EXTENSION SERVICE; UNIVERSITY OF GEORGIA; UNIVERSITY OF MISSOURI; UNIVERSITY OF TENNESSEE; UNIVERSITY OF CALIFORNIA-BERKLEY; UNIVERSITY OF CALIFORNIA-DAVIS; UNIVERSITY OF NEBRASKA-LINCOLN; MONTANA STATE UNIVERSITY; TEXAS TECH UNIVERSITY; MICHIGAN STATE UNIVERSITY; WASHINGTON STATE UNIVERSITY; MISSISSIPPI STATE UNIVERSITY; UNIVERSITY OF KENTUCKY; NEW MEXICO STATE UNIVERSITY; PURDUE UNIVERSITY; YALE UNIVERSITY; UNIVERSITY OF NORTH TEXAS; CLEMSON UNIVERSITY; TEXAS WOMEN'S UNIVERSITY; NORTH CAROLINA STATE UNIVERSITY; WESTERN UNIVERSITY-ONTARIO; BOYCE THOMPSON INSTITUTE FOR PLANT RESEARCH; THE DONALD DANFORTH PLANT SCIENCE CENTER; AND THE PLANT BIOLOGY DEPARTMENT OF THE CARNEGIE INSTITUTE FOR SCIENCE. IN SUPPORT OF ITS RESEARCH, THE INSTITUTE RECEIVED PUBLIC SUPPORT FROM THE NATIONAL SCIENCE FOUNDATION, THE FOUNDATION FOR FOOD AND AGRICULTURAL RESEARCH, THE U.S. DEPARTMENT OF ENERGY, THE U.S. DEPARTMENT OF AGRICULTURE, OKLAHOMA CENTER FOR THE ADVANCEMENT OF SCIENCE AND TECHNOLOGY, AND NATIONAL AERONAUTICS AND SPACE ADMINISTRATION. ALTHOUGH ACTIVITIES WERE CURTAILED IN RESPONSE TO THE NATIONAL IMPACT OF THE COVID OUTBREAK, THE INSTITUTE MAINTAINS A YOUTH EDUCATION AND OUTREACH PROGRAM, NOBLE LEARNING (YOUTH). THROUGH THIS PROGRAM, THE INSTITUTE COLLABORATES WITH BOTH PUBLIC AND PRIVATE EDUCATIONAL ORGANIZATIONS. EXAMPLES OF COLLABORATING ORGANIZATIONS INCLUDE, OAK HALL EPISCOPAL SCHOOL (GRADES 4-8), A PRIVATE SCHOOL; CHRISTIAN HOME EDUCATORS OF SOUTH CENTRAL OKLAHOMA, A REGIONAL HOMESCHOOL ORGANIZATION; AND A GROWING BASE OF OKLAHOMA PUBLIC SCHOOLS (THACKERVILLE, GREENVILLE, ZANEIS, WILSON, PLAINVIEW, ARDMORE, MARIETTA, AND DICKSON). ADDITIONALLY, THROUGH STATEWIDE MIDDLE AND HIGH SCHOOL EDUCATOR WORKSHOPS, NOBLE LEARNING REACHES EDUCATORS (AND THEIR STUDENTS) ACROSS THE STATE OF OKLAHOMA. OUTSIDE OF THE TRADITIONAL CLASSROOM SETTING, NOBLE LEARNING WORKS WITH OTHER NONPROFIT ORGANIZATIONS, FOR EXAMPLE, OKLAHOMA FFA, THE BOTANICAL RESEARCH INSTITUTE OF TEXAS, AND THE DALLAS ARBORETUM AND BOTANICAL GARDENS, TO SHARE WITH URBAN AND RURAL STUDENTS IN GRADES 6-12 THE IMPORTANCE OF AGRICULTURE AND AGRICULTURAL RESEARCH THROUGH HANDS-ON, INTERACTIVE EXPERIENCES. IN FURTHERANCE OF DEVELOPING AND DELIVERING THESE EDUCATIONAL EXPERIENCES, THE INSTITUTE, THROUGH NOBLE LEARNING, FURTHER COLLABORATES WITH OKLAHOMA STATE UNIVERSITY, THE UNIVERSITY OF OKLAHOMA, THE OKLAHOMA STATE DEPARTMENT OF EDUCATION, THE SOUTHERN TECH TECHNOLOGY CENTER, THE OKLAHOMA SCHOOL FOR SCIENCE AND MATHEMATICS, OKLAHOMA AG IN THE CLASSROOM, KISS INSTITUTE FOR PRACTICAL ROBOTICS, AND CURRICULUM FOR AGRICULTURAL SCIENCE EDUCATION. NOTE (*): NOBLE RESEARCH INSTITUTE, LLC, AN OKLAHOMA, NONPROFIT LIMITED LIABILITY COMPANY, IS SUCCESSOR-BY-CONVERSION OF THE SAMUEL ROBERTS NOBLE FOUNDATION, INC. (THE "FOUNDATION"), EFFECTIVE MAY 1, 2017. ON MAY 1, 2017, THE ACTIVITIES OF THE FOUNDATION WERE EFFECTIVELY SEPARATED. THE FOUNDATION'S HISTORICAL RESEARCH, EDUCATION AND CONSULTATION ACTIVITIES, AS WELL AS ITS AGRICULTURAL LANDS WERE RETAINED AND CONTINUE WITHIN THE INSTITUTE. THE HISTORICAL PHILANTHROPIC ACTIVITIES, INCLUDING GRANT-MAKING AND SCHOLARSHIP PROGRAMS, WERE TRANSITIONED TO AND CONTINUE WITHIN A NEW, PRIVATE FOUNDATION (EIN 81-5328519), WHICH CARRIES THE NAME "THE SAMUEL ROBERTS NOBLE FOUNDATION".THE INTERNAL REVENUE SERVICE FURTHER RECOGNIZED THE INSTITUTE'S INTENTION TO TERMINATE ITS PRIVATE FOUNDATION STATUS AND ISSUED AN ADVANCE RULING FOR THE INSTITUTE, RECOGNIZING IT AS A 501(C)(3), PUBLIC CHARITY (AGRICULTURAL RESEARCH ORGANIZATION), ON MARCH 6, 2018. THE TERMINATION OF THE INSTITUTE'S PRIVATE FOUNDATION STATUS REQUIRES A 60-MONTH TERMINATION PERIOD, EFFECTIVE JANUARY 1, 2018. THE INSTITUTE WILL FOLLOW THE PRESCRIBED REPORTING REQUIREMENTS OF THE INTERNAL REVENUE SERVICE DURING THIS 60-MONTH TERMINATION PERIOD.THE CALCULATION BELOW SHOWS HOW OUR OPERATING AND ADMINISTRATIVE COSTS (PART I-LINE 24) OF $39,854,372 AND AMOUNTS PAID TO ACQUIRE CAPITAL ASSETS (PART XII-LINE 2) OF $1,905,601 FOR A TOTAL AMOUNT OF $41,759,973 ARE ALLOCATED TO THE FOLLOWING SUPPORT AND DIRECT CHARITABLE ACTIVITIES (PART IX-A):(1) RESEARCH - CONDUCT AGRICULTURAL RESEARCH INCLUDING BASIC MOLECULAR AND GENETIC LEVELS OF HOW PLANTS GROW AND INTERACT WITH THE MICROBIOME, BREED PLANTS MORE TOLERANT TO DROUGHT AND RESISTANT TO DISEASES AND PESTS AND EVALUATE CATTLE GRAZING PERFORMANCE.(2) CONSULTATION AND EDUCATION - PROVIDE ONE-ON-ONE, NO-COST CONSULTATION TO FARMERS/RANCHERS TO FOSTER LAND STEWARDSHIP AND SOIL CONSERVATION. HOST ADULT EDUCATIONAL EVENTS TO BUILD COMPETENCY-BASED SKILLS. WORK WITH STUDENTS AND TEACHERS REINFORCING STEM CONCEPTS WITH AN AGRICULTURE FOCUS.(3) OPERATIONAL SUPPORT AS A PERCENTAGE OF FUNDS SPENT FOR CHARITABLE PURPOSES EQUALS 6.92%.(4) FUND RAISING SUPPORT AS A PERCENTAGE OF FUNDS SPENT FOR CHARITABLE PURPOSES EQUALS 0.93%. | |
| PART XVII, LINE 1C | SHARING OF FACILITIES, EQUIPMENT, MAILING LISTS, OTHER ASSETS, OR PAID EMPLOYEESNOBLE RESEARCH INSTITUTE, LLC (THE "INSTITUTE") AND INTEGRITY BEEF ALLIANCE ASSOCIATION ("IBEEF") JOINTLY CARRY OUT PROGRAMS WHICH PROMOTE THE USE OF MORE SUSTAINABLE GRICULTURAL PRACTICES AMONG CATTLE PRODUCERS. THESE PROGRAMS GENERATE VALUABLE DATA ABOUT THE IMPACTS OF SUCH PRACTICES AND IBEEF MAKES THIS DATA AVAILABLE TO THE INSTITUTE FREE OF CHARGE. THIS DATA CONTRIBUTES IMPORTANTLY TO THE INSTITUTE'S RESEARCH AND EDUCATIONAL ACTIVITIES. THE INSTITUTE HAS DETERMINED THAT THE VALUE OF THE BENEFIT THE INSTITUTE RECEIVED FROM THESE JOINTLY CONDUCTED PROGRAMS EQUALS OR EXCEEDS THE VALUE OF THE SHARED RESOURCES THE INSTITUTE CONTRIBUTES TO THE PROGRAMS. |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| VANGUARD WELLINGTON FUND | FMV | 7,302,395 | 7,302,395 |
| IR&M SHORT FUND LLC | FMV | 52,384,238 | 52,384,238 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| LAND | 10,684,764 | 0 | 10,684,764 | 10,684,764 |
| BUILDINGS & IMPROVEMENTS | 110,791,976 | 52,556,341 | 58,235,635 | 58,235,635 |
| CAPITALIZED INTEREST | 6,907,286 | 2,939,219 | 3,968,067 | 3,968,067 |
| AIRCRAFT/EQUIPMENT | 18,568,647 | 14,887,255 | 3,681,392 | 3,681,392 |
| EQUIPMENT | 34,131,528 | 24,475,852 | 9,655,676 | 9,655,676 |
| CONSTRUCTION IN PROGRESS | 1,236,421 | 0 | 1,236,421 | 1,236,421 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EMPLOYEE BENEFIT PLANS | 24,775 | 0 | 0 | 24,283 |
| EMPLOYMENT MATTERS | 3,334 | 0 | 0 | 4,134 |
| GENERAL MATTERS | 561,549 | 0 | 0 | 537,459 |
| EMPLOYEE IMMIGRATION SUPPORT | 13,840 | 0 | 0 | 15,280 |
| INTELLECTUAL PROPERTY/PATENTS | 115,737 | 0 | 0 | 105,277 |
| Item No. | 1 |
|---|---|
| Lender's Name | CONRAD TRUSTS |
| Lender's Title | |
| Relationship to Insider | |
| Original Amount of Loan | 1,100,000 |
| Balance Due | 880,000 |
| Date of Note | 2018-11 |
| Maturity Date | 2028-07 |
| Repayment Terms | ANNUAL PRINCIPAL AND INTEREST |
| Interest Rate | 5.000000000000 |
| Security Provided by Borrower | |
| Purpose of Loan | LAND PURCHASE |
| Description of Lender Consideration | CASH |
| Consideration FMV | 1100000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MEMBERSHIP DUES | 267,918 | 0 | 0 | 268,379 |
| PHOTOGRAPHY/GRAPHIC SUPPLIES | 3,323 | 0 | 0 | 3,409 |
| UNIFORMS/LAUNDRY | 16,396 | 0 | 0 | 16,472 |
| TRAINING/EMPLOYEE RELATIONS | 496,636 | 0 | 0 | 477,529 |
| COMMUNITY SUPPORT | 92,080 | 0 | 0 | 92,080 |
| PROPERTY INSURANCE | 2,136,978 | 0 | 0 | 2,249,691 |
| OFFICE/POSTAGE/PHOTOCOPIER | 160,400 | 0 | 0 | 161,620 |
| LICENSE/PERMIT/BANK FEES | 47,631 | 0 | 0 | 48,370 |
| CREDIT CARD FEES | 10,000 | 0 | 0 | 10,000 |
| MACHINE HIRE/CONTRACT LABOR | 304,055 | 0 | 0 | 293,825 |
| EQUIPMENT MAINT & REPAIR | 426,428 | 0 | 0 | 413,612 |
| FACILITY MAINT & REPAIR | 385,291 | 0 | 0 | 401,645 |
| RD/LAND/FENCE MAINT & REPAIR | 57,787 | 0 | 0 | 57,787 |
| EQUIPMENT/LAND LEASE | -2,740 | 0 | 0 | -2,740 |
| LAWN/SAFETY SUPPLIES | 61,586 | 0 | 0 | 61,646 |
| MATERIALS & SUPPLIES | 929,157 | 0 | 0 | 874,509 |
| FOOD SERVICE | 13,168 | 0 | 0 | 14,983 |
| VEHICLE OPERATIONS | 370,268 | 0 | 0 | 361,817 |
| LIBRARY SERVICES | 91,338 | 0 | 0 | 88,246 |
| COMPUTER/TECHNOLOGY | 1,286,228 | 0 | 0 | 1,255,764 |
| RECRUITING | 142,468 | 0 | 0 | 107,655 |
| FEED/SEED/FERTILIZER | 356,117 | 0 | 0 | 354,691 |
| VETERINARY | 79,131 | 0 | 0 | 78,564 |
| TESTING/EVALUATION SERVICES | 132,631 | 0 | 0 | 126,663 |
| COOPERATIVE RESEARCH PRGM | 1,193,521 | 0 | 0 | 1,193,055 |
| NON-RESIDENT FELLOWS PROGRAM | 96,665 | 0 | 0 | 65,915 |
| SMALL EQUIPMENT UNDER $5,000 | 1,590,090 | 0 | 0 | 1,538,536 |
| LESS EXPENSE ALLOC TO PRGM | 0 | 0 | 6,351,272 | -6,351,272 |
| OTHER K-1 EXPENSES | 0 | 78,560 | 78,560 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER K-1 INCOME/(LOSS) | 0 | 10,616 | 10,616 |
| EDUCATIONAL SEMINARS-REGISTRATIONS | 6,825 | 6,825 | |
| OTHER PROGRAM REVENUE | 4,900,597 | 4,900,597 | |
| EXTERNAL CORE SERVICES | 60,652 | 60,652 | |
| CATTLE, PECAN, AND OTHER FARM SALES | 1,318,640 | 1,318,640 | |
| OVERHEAD RECOVERY - SRNF | 64,558 | 64,558 | |
| ROYALTY/LEASEHOLD INCOME | 302,665 | 302,665 | 302,665 |
| GAIN ON SALE OF FIXED ASSETS | 61,700 | 0 | 61,700 |
| GAIN FROM INSURANCE PROCEEDS | 11,790,410 | 0 | 11,790,410 |
| Description | Amount |
|---|---|
| UNREALIZED GAIN ON INVESTMENT | 2,337,320 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| ACCRUED POST-RETIREMENT MEDICAL | 4,163,295 | 4,573,763 |
| 457F PLAN | 13,977 | 26,260 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGER FEES | 101,175 | 101,175 | 76,464 | 0 |
| PROFESSIONAL ADVISORY SVCS | 625,840 | 0 | 0 | 605,721 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| 720 EXCISE TAX | 1,991 | 0 | 0 | 1,991 |