Central Farm Service Foundation
- Assets
- $845.2k
- Revenue
- $39.3k
- Investments
- $803.4k
- Employees
- 0
- Location
- Truman, MN
- Founding
- 08/2007
- Data as of
- 07/2023
- EIN
- 20-8935618
Organization Overview
Central Farm Service Foundation is located in Truman, MN. The organization was established in 2007. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Farm Service Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Central Farm Service Foundation generated $39.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $19.9k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WATONWAN FARM SERVICE FOUNDATION'S MISSION IS DONATING FUNDS TO ALL THE LOCAL FUTURE FARMERS OF AMERICA (FFA) CHAPTERS AS WELL AS DONATIONS TO OTHER NON-PROFIT ORGANZATIONS THAT FALL WITHIN THE CRITERIA OF PROMOTING OR SUPPORTING AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATONWAN FARM SERVICE FOUNDATION EXPENDED $65,950 IN DONATIONS AND SCHOLARSHIPS. THE ORGANIZATION'S GIFTING AMOUNTED TO MAKING DONATIONS OF $2000 TO EACH OF MINNESOTA FUTURE FARMERS OF AMERCIA ASSOCIATIONS (10 CHAPTERS IN TOTAL), $2000 DONATIONS TO BACKPACK FOOD PROGRAMS (10 PROGRAMS IN TOTAL), $2000 DONATIONS TO LOCAL COUNTY FAIRS (7 COUNTIES IN TOTAL) $5750 DONATION TO THE MINNESOTA FUTURE FARMERS OF AMERICA FOUNDATION, A $5000 DONATION TO HERITAGE ACRES IN FAIRMONT, MINNESOTA, AND A $1200 DONATION TO THE FROST BORDER RIDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Koehler Chairman | 0.1 | $0 | |
John Peach Vice Chairman | 0.1 | $0 | |
Trent Frederickson Secretary/treasurer | 0.1 | $0 | |
Jay Landsteiner Director | 0.1 | $0 | |
Jason Smith Director | 0.1 | $0 | |
Jeff Eckhardt Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $39,262 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $385 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,885 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $19,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,598 |
| Savings and temporary cash investments | $2,874 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $7,372 |
| Total assets | $845,249 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Central Farm Service Foundation has awarded $15,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALDEN CONGER FFA PURPOSE: THE CONTRIBUTION IS FOR THE ORGANIZATION TO PROMOTE AGRICULTURE. | $500 |
BLUE EARTH AREA FFA PURPOSE: THE CONTRIBUTION IS FOR THE ORGANIZATION TO PROMOTE AGRICULTURE. | $500 |
CLARKS GROVE FIRE DEPARTMENT PURPOSE: THE CONTRIBUTION IS FOR THE ORGANIZATION TO PROMOTE AGRICULTURE. | $2,500 |
FEEDING OUR COMMUNITY PARTNERS PURPOSE: THE CONTRIBUTION IS FOR THE ORGANIZATION TO PROMOTE AGRICULTURE. | $1,250 |
BEA BACKPACK PROGRAM PURPOSE: THE CONTRIBUTION IS FOR THE ORGANIZATION TO PROMOTE AGRICULTURE. | $1,000 |
HOLLANDALE FIRE DEPARTMENT PURPOSE: THE CONTRIBUTION IS FOR THE ORGANIZATION TO PROMOTE AGRICULTURE. | $750 |