Northarvest Bean Growers Association
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Fargo, ND
- Founding
- 05/1977
- Data as of
- 06/2023
- EIN
- 41-1272351
Organization Overview
Northarvest Bean Growers Association is located in Fargo, ND. The organization was established in 1977. 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 06/2023, Northarvest Bean Growers Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northarvest Bean Growers Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Northarvest Bean Growers Association generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION, PROMOTION, AND MARKETING OF EDIBLE BEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION, RESEARCH, DEVELOPMENT, AND MARKETING OF DRY EDIBLE BEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Jorgenson President | OfficerTrustee | 1 | $1,250 |
Joe Mauch Vice President | OfficerTrustee | 1 | $2,325 |
Cordell Muebsch Secretary | OfficerTrustee | 1 | $575 |
Tony Richards Treasurer | Trustee | 1 | $475 |
Eric Samuelson Director | Trustee | 1 | $1,930 |
Dexter Cronquiest Director | Trustee | 1 | $1,385 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
North Dakota State University Research | 6/29/23 | $384,360 |
Communique Social Media Mgmt & Marketing | 6/29/23 | $127,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $763,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,282 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $800,643 |
| Total Program Service Revenue | $410,147 |
| Investment income | $2,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,212,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,250 |
| 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. | $113,915 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,391 |
| Pension plan accruals and contributions | $19,916 |
| Other employee benefits | $49,683 |
| Payroll taxes | $21,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,876 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $30,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,992 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,982 |
| Insurance | $2,013 |
| All other expenses | $48,320 |
| Total functional expenses | $1,427,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,331 |
| Savings and temporary cash investments | $971,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $6,349 |
| Net Land, buildings, and equipment | $15,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,265 |
| Total assets | $1,234,243 |
| Accounts payable and accrued expenses | $68,590 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $83,636 |
| Total liabilities | $152,226 |
| Net assets without donor restrictions | $1,082,017 |
| 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 | $1,234,243 |