Minnesota Propane Association
- Assets
- $1.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Zimmerman, MN
- Founding
- 09/1961
- Data as of
- 09/2022
- EIN
- 41-0838935
Organization Overview
Minnesota Propane Association is located in Zimmerman, MN. The organization was established in 1961. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Propane Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2022, Minnesota Propane Association generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.7m during the year ending 09/2022. While expenses have increased by 3.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEEK WAYS TO PROMOTE PROPANE TO THE PUBLIC AS A FUEL OF CHOICE; PROVIDE TRAINING AND SAFETY MATERIAL TO PROPANE INDUSTRY; PROMOTE SAFE PRACTICES TO PROPANE CONSUMERS; MONITOR REGULATORY AND LEGISLATIVE INITIATIVES EFFECTING THE PROPANE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION: INCREASES THE KNOWLEDGE AND UNDERSTANDING OF THE SAFE AND PROPER UTILIZATION OF PROPANE IN THE PROPANE INDUSTRY AND AMONG CONSUMERS WITH EMPHASIS ON TRANSPORTATION, INSTALLATION AND CONSUMER USE OF PROPANE AND PROPANE EQUIPMENT BY CREATING, ORGANIZING AND SPONSORING A VARIETY OF TECHNICAL AND REGULATORY PROGRAMS.
GOVERNMENT AFFAIRS: PROTECT THE GENERAL WELL-BEING OF THE ENERGY CONSUMING PUBLIC BY WORKING WITH STATE LEGISLATIVE AND REGULATORY OFFICIALS TO INSTITUTE LEGISLATIVE AND REGULATORY REQUIREMENTS WITHIN THE PROPANE INDUSTRY FOR THE CREATION OF SAFE AND EFFICIENT OPERATING SYSTEMS.
INFORMATION SERVICES: RELEVANT INFORMATION IS DISTRIBUTED TO THE VARIOUS ENTITIES OF THE PROPANE INDUSTRY. PRODUCES A BI-WEEKLY NEWS BRIEF EMAIL AND MAINTAINS A WEB SITE TO ENHANCE THE COORDINATION AND TIMELINESS OF COMMUNICATIONS WITH ITS MEMBERS AND OTHERS ASSOCIATED WITH THE PROPANE INDUSTRY. PROVIDES INFORMATION TO THE GENERAL PUBLIC THROUGH INFORMATIONAL AND PROMOTIONAL MATERIALS AND ANOTHER WEB SITE MAINTAINED BY THE ASSOCIATION ON THE BENEFITS AND SAFE HANDLING OF PROPANE AND PROPANE PRODUCTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marla Verlinde 2nd Vice Pres. | OfficerTrustee | 2 | $0 |
Tony Buck Director | OfficerTrustee | 2 | $0 |
Dave Wager Exec. Director | OfficerTrustee | 40 | $0 |
Doug Lund President | OfficerTrustee | 2 | $0 |
Maren Juntti Director | OfficerTrustee | 2 | $0 |
Brad Box State Director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dep Management Llc Management | 9/29/20 | $87,727 |
Leider Management Services Inc Management | 9/29/20 | $196,992 |
Dep Management Llc Management | 9/29/20 | $87,727 |
Leider Management Services Inc Management | 9/29/20 | $196,992 |
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 | $1,236,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,236,579 |
| Total Program Service Revenue | $423,687 |
| Investment income | $1,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,664,231 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $148,887 |
| Fees for services: Legal | $8,650 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $116,335 |
| Office expenses | $23,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,301 |
| Travel | $4,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,801 |
| Interest | $80 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,088 |
| Insurance | $8,972 |
| All other expenses | $230,183 |
| Total functional expenses | $1,689,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,358 |
| Savings and temporary cash investments | $325,647 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,942 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,540 |
| Prepaid expenses and deferred charges | $45,251 |
| Net Land, buildings, and equipment | $799,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,583,838 |
| Accounts payable and accrued expenses | $18,418 |
| Grants payable | $0 |
| Deferred revenue | $35,525 |
| 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 | $214,545 |
| Total liabilities | $268,488 |
| Net assets without donor restrictions | $0 |
| 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 | $1,315,350 |
| Total liabilities and net assets/fund balances | $1,583,838 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Sioux Empire Fair Association Sioux Falls, SD | $1,938,315 | $2,671,698 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Walworth County Agricultural Society Elkhorn, WI | $2,948,383 | $904,049 |
Shawano Area Agricultural Society Inc Shawano, WI | $1,017,818 | $1,408,309 |
Delaware County Fair Society Inc Manchester, IA | $1,772,483 | $1,454,892 |
Waukesha County Fair Association Pewaukee, WI | $206,994 | $1,201,405 |