Minnesota Agricultural Interpretive Center
- Assets
- $1.9m
- Revenue
- $536.9k
- Investments
- $0.0
- Employees
- 14
- Location
- Waseca, MN
- Founding
- 05/1980
- Data as of
- 12/2020
- EIN
- 41-1326437
Organization Overview
Minnesota Agricultural Interpretive Center is located in Waseca, MN. The organization was established in 1980. 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 12/2021, Minnesota Agricultural Interpretive Center employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Agricultural Interpretive Center 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 12/2020, Minnesota Agricultural Interpretive Center generated $536.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $515.0k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND PROMOTE THE STRONG HERITAGE OF MINNESOTA AGRICULTURE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASONAL EDUCATIONAL EXPERIENCES TO PROMOTE AWARENESS OF MINNESOTA AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Rollins Executive Director | Officer | 40 | $56,362 |
Duane Alberts Board Chair | OfficerTrustee | 1 | $0 |
Warren Formo Treasurer | OfficerTrustee | 1.5 | $0 |
Lynette Ziegler Secretary | OfficerTrustee | 1.5 | $0 |
Lisa Gjersvik Vice - Chair | OfficerTrustee | 1 | $0 |
Roger Toguam Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,528 |
| Total Program Service Revenue | $336,915 |
| Investment income | $143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$98 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,370 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,917 |
| 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. | $55,120 |
| Compensation of current officers, directors, key employees. | $5,512 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,320 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,342 |
| Payroll taxes | $11,277 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,103 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $60,064 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,228 |
| Office expenses | $2,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,805 |
| Travel | $1,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $173 |
| Interest | $1,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,395 |
| Insurance | $16,713 |
| All other expenses | $1,082 |
| Total functional expenses | $514,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,620 |
| Savings and temporary cash investments | $2,304 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,575 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,739,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,109 |
| Total assets | $1,931,588 |
| Accounts payable and accrued expenses | $12,388 |
| 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 | $5,515 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,000 |
| Total liabilities | $19,903 |
| Net assets without donor restrictions | $1,911,685 |
| 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 | $1,931,588 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Minnesota Agricultural Interpretive Center has recieved totaling $132,188.
| Awarding Organization | Amount |
|---|---|
Waseca Sleigh And Cutter Festival Association Inc Waseca, MN PURPOSE: DONATIONS TO NONPROFIT FOR EDUCATIONAL PURPOSES. | $30,698 |
Otto Bremer Trust St Paul, MN PURPOSE: AGRICULTURE CAREER EXPLORATION | $25,000 |
Minnesota Corn Growers Association Burnsville, MN PURPOSE: Education & Awareness | $25,000 |
Thom Family Foundation Inc Wilmington, DE PURPOSE: ROOTED AND GROWING CAPITAL CAMPAIGN | $20,000 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $16,471 |
Cla Foundation Minneapolis, MN PURPOSE: PROGRAM SPECIFIC SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa Farm Bureau Federation West Des Moines, IA | $1,514,260,280 | $86,995,533 |
Central Electric Cooperative Inc Mitchell, SD | $99,096,217 | $37,679,047 |
Iowa Corn Promotion Board Johnston, IA | $28,871,996 | $24,524,776 |
Iowa Corn Growers Association Johnston, IA | $20,295,827 | $19,989,952 |
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 |