Agriculture Scholarship Centre for Basis
Agriculture Scholarship Centre for Basis is a public charity based in Stuart, Florida. It supports education and training related to agricultural finance and economics, including grain futures and basis trading, through scholarships and a grain merchandising skill-building program.
Agriculture Scholarship Centre for Basis at a glance
In short: Agriculture Scholarship Centre for Basis gave $197K across 77 grants in 2025 (avg $3K), top state Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $197,125
- Grants made (2025)
- 77
- Average grant
- $2,560
- Median grant
- $2,500
- Total assets
- $2,675,132
- -10.4% vs 2024
- Primary geography
- Illinois (14% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Agriculture Scholarship Centre for Basis
- Review Cycle
- The website lists November 13, 2026, for the Spring 2027 semester.
- Deadline
- The website lists November 13, 2026, for the Spring 2027 semester.
- Contact
Mailing address: 2336 Se Ocean Blvd 217, Stuart, FL 34996-3310
Phone: (772) 485-4042
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Agriculture Scholarship Centre for Basis funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Stuart Welden ($4K). Together the top 10 received $21K.
Organizations only. It also paid 54 individual scholarships ($167,500), which are not listed by name.
Grant Size Distribution
77 grants across all recorded years
The most common grant size was under $50K: 77 grants of 77 (100%).
Geographic Focus
Where this funder awards grants
In 2025, the largest shares of grant dollars went to recipients in Illinois (14%), Iowa (13%), Nebraska (11%), Indiana (8%), and South Dakota (6%).
Grant Distribution by State
Share of 2025 grant dollars across all 77 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 77 grants totaling $197K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 47 individual scholarships Recipients not named | — | $150,000 |
| Stuart Welden Jonesville, MI | MSBP Training, MSBP Travel Reimbursement | $3,660 |
| Tyler Snyder Lynne, MO | MSBP Training, MSBP Travel Reimbursement | $2,902 |
| Grace Hirkimer Monreo, MI | MSBP Training, MSBP Travel Reimbursement | $2,682 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $2,675,132 | $115,626 | $434,656 | $197,125 | 77 | $407,840 | $98,510 |
| 2024 | $2,986,978 | $158,433 | $434,985 | — | — | — | $151,833 |
| 2023 | $3,273,944 | $157,910 | $370,819 | — | — | — | $151,660 |
| 2022 | $3,535,551 | $28,374 | $366,657 | — | — | — | $25,260 |
| 2021 | $3,847,326 | $5,429 | $272,550 | — | — | — | $2,640 |
| 2020 | $4,126,562 | $46,059 | $289,848 | — | — | — | $38,815 |
| 2019 | $4,363,968 | $91,669 | $296,555 | — | — | — | $40,127 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is to instruct and train the public about agriculture finance and economics, including the use of grain futures and basis trading. Its college scholarship program supports agricultural financial and economic education, including study of the agricultural use of grain futures and basis trading.
The organization also describes a grain merchandising skill-building program intended to train, mentor, and improve the skills of people seeking careers in grain merchandising. Its filing says college scholarships are paid directly to the recipient’s chosen institution, while lodging and meal expenses for the skill-building program are paid for without funds going directly to participants.
Grantmaking
In filing year 2025, the organization reported 77 grants totaling $197,125. Grant amounts ranged from $24 to $5,000, with a median of $2,500. The largest listed awards were $5,000 each, given to individual recipients in New York, Illinois, Nebraska, Iowa, Washington, Kentucky, Idaho, and South Dakota for college scholarships.
The website lists an application for the Spring 2027 academic term. Applicants are asked to submit the organization’s cover letter, scholarship application, and financial-need statement forms; an essay of at least 500 words on the value of a career in the North American grain industry; a resume detailing work and volunteer experience; a transcript or other recent evidence of achievement; and a signed letter of recommendation from someone in the grain industry or an associated enterprise, or from an instructor. The organization conditions awards on admission to or continuing enrollment in an eligible education program, submission of a proposed course-of-study outline showing agriculture courses, and a statement from the bursar’s or financial aid office showing the amount due.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Janice Fenniman as executive director; Philip Luce as president and chair; Sherry Lorton as secretary and treasurer; and John Werner, Ron Miller, Darrell Fredrickson, and Peter G Rufenacht as directors. The organization’s 2024 filing states that Luce, Lorton, and Werner are employed by White Commercial Corporation, where Luce is CEO and has authority to employ the others.
Agriculture Scholarship Centre for Basis is led by Janice M Fenniman, Executive Director on every filing since 2019; 1 of 7 officers listed in 2025 is compensated.
Officers on the 2025 filing
Janice M Fenniman
Executive Director
On filings since 2019
30 hrs/week
$60K (2019) → $83K (2025)
Philip Luce
President & Chair
New on the 2025 filing
7.5 hrs/week
No compensation reported
Darrell Fredrickson
Director
On filings since 2019
1 hr/week
No compensation reported
John J. Werner
Director
Chair & Director → President, Chair & Director, 2021
President, Director & Chair → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Peter G. Rufenacht
Director
On filings since 2019
1 hr/week
No compensation reported
Ron Miller
Director
On filings since 2019
1 hr/week
No compensation reported
Sherry Lorton
Secretary & Treasurer
Secretary, Treasurer & Director → Secretary & Treasurer, 2024
On filings since 2019
1 hr/week
No compensation reported
Former officers (1)
- Former: Phil Luce (2019–2024) — President & Chair
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $83K, to Janice Fenniman (Executive Director).
Frequently asked questions about Agriculture Scholarship Centre for Basis
How much does Agriculture Scholarship Centre for Basis give each year?
Agriculture Scholarship Centre for Basis gave $197K across 77 grants in 2025, according to its 2025 IRS Form 990-PF.
What is Agriculture Scholarship Centre for Basis's typical grant size?
Agriculture Scholarship Centre for Basis's median grant in 2025 was $2,500, and its average grant was $2,560, across 77 grants on its 2025 IRS Form 990-PF.
Where does Agriculture Scholarship Centre for Basis give grants?
Agriculture Scholarship Centre for Basis's top state is Illinois, with 14% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Iowa (13%) and Nebraska (11%). The most frequent recipient cities were Jonesville, MI (2 grants).
Does Agriculture Scholarship Centre for Basis give general operating support?
Not in 2025: none of the 77 grants with a stated purpose on Agriculture Scholarship Centre for Basis's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Scholarship" (54 grants), "MSBP Training" (17 grants) and "MSBP Training, MSBP Travel Reimbursement" (6 grants).
Who are Agriculture Scholarship Centre for Basis's largest grantees?
Agriculture Scholarship Centre for Basis's largest 2025 grantees include Stuart Welden ($3,660), Tyler Snyder ($2,902) and Grace Hirkimer ($2,682), according to its 2025 IRS Form 990-PF. It also paid 54 individual scholarships ($167,500), which are not listed by name. Together they received 5% of its itemized 2025 grant dollars.
How large is Agriculture Scholarship Centre for Basis?
Agriculture Scholarship Centre for Basis reported $2.7M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $116K.
What does Agriculture Scholarship Centre for Basis fund?
The organization’s stated mission is to instruct and train the public about agriculture finance and economics, including the use of grain futures and basis trading. See mission & focus areas ↑
How do I apply for a grant from Agriculture Scholarship Centre for Basis?
Agriculture Scholarship Centre for Basis has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Agriculture Scholarship Centre for Basis's EIN?
Agriculture Scholarship Centre for Basis's EIN (Employer Identification Number) is 30-0759665. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 9, 2026)
- IRS filings on file for fiscal years 2019–2025
Live grants for the work Agriculture Scholarship Centre for Basis funds
Education Open opportunities, soonest deadline first.
- Creative Impact Grants $500 - $2,500 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Agriculture Scholarship Centre for Basis's focus areas in our free grants database
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