Minnesota Farm Bureau Federation
- Assets
- $6.0m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 24
- Location
- Eagan, MN
- Founding
- 05/1927
- Data as of
- 09/2021
- EIN
- 41-0417230
Organization Overview
Minnesota Farm Bureau Federation is located in Eagan, MN. The organization was established in 1927. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2021, Minnesota Farm Bureau Federation employed 24 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Minnesota Farm Bureau Federation is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2021, Minnesota Farm Bureau Federation generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $3.1m during the year ending 09/2021. While expenses have increased by 0.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THE WELL-BEING OF MINNESOTA AGRICULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIELD SERVICE: PROVIDE 5 FIELD REPRESENTATIVES TO COUNTY ORGANIZATIONS THROUGHOUT MINNESOTA. FIELD REPRESENTATIVES HELP COUNTY ORGANIZATIONS IMPLEMENT BUREAU PROGRAMS.
MEMBER SERVICES & COUNTY ACTIVITIES: PROVIDE BOOKKEEPING ASSISTANCE AND SUPPLIES TO COUNTY FARM BUREAU ORGANIZATIONS.
LEGISLATIVE, RESEARCH & EDUCATION: PROVIDE INFORMATION ON AGRICULTURAL ISSUES TO THOSE INVOLVED IN AG LEGISLATION. SPONSOR SEMINARS & MEETINGS TO UPDATE MEMBERS ON AG ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Johnson Director Of Operations/tre | Officer | 40 | $133,088 |
Christopher Radatz Executive Director - Part Year | Officer | 40 | $109,143 |
Kevin Paap President | OfficerTrustee | 20 | $103,779 |
Karin Schaefer Executive Director /secretary | Officer | 40 | $77,470 |
Daniel Glessing Vice-President | OfficerTrustee | 5 | $6,000 |
Miles Kuschel Director | Trustee | 2 | $5,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,650 |
| Total Program Service Revenue | $1,358,981 |
| Investment income | $87,742 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,472,229 |
| Net Rental Income | $15,000 |
| Net Gain/Loss on Asset Sales | $1,640,529 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,797,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $547,762 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $713,930 |
| Pension plan accruals and contributions | $81,236 |
| Other employee benefits | $153,704 |
| Payroll taxes | $97,652 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $550 |
| Fees for services: Accounting | $19,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,613 |
| Office expenses | $48,436 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $88,273 |
| Travel | $63,933 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $224,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,530 |
| Insurance | $36,395 |
| All other expenses | $133,155 |
| Total functional expenses | $3,136,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,279 |
| Savings and temporary cash investments | $16,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $296,553 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,958 |
| Net Land, buildings, and equipment | $26,233 |
| Investments—publicly traded securities | $5,615,588 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,972,821 |
| Accounts payable and accrued expenses | $800,579 |
| Grants payable | $0 |
| Deferred revenue | $517,482 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,318,061 |
| Net assets without donor restrictions | $4,654,760 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,972,821 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Minnesota Farm Bureau Federation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Minnesota Corn Growers Association Burnsville, MN PURPOSE: Education & Awareness | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
Seed Savers Exchange Inc Decorah, IA | $8,340,832 | $6,859,116 |
Wisconsin Soybean Marketing Board Inc Madison, WI | $9,285,621 | $7,489,309 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |
Eat Greater Des Moines Des Moines, IA | $273,044 | $4,607,206 |
Minnesota Dairy Herd Improvement Association Buffalo, MN | $3,993,278 | $4,605,052 |
South Dakota Beef Industry Council Inc Pierre, SD | $1,193,198 | $4,031,431 |
Wisconsin Farm Bureau Federation Cooperative Madison, WI | $4,550,092 | $4,122,654 |
Midwest Organic Services Association Inc Viroqua, WI | $1,818,128 | $3,921,446 |
Practical Farmers Of Iowa Ames, IA | $3,629,239 | $3,884,964 |
Minnesota Farm Bureau Federation Eagan, MN | $5,972,821 | $4,797,144 |
United Food And Commercial Workers International Union Davenport, IA | $6,040,985 | $2,950,808 |