Minnesota Agricultural Interpretive Center
- Assets
- $2.4m
- Revenue
- $527.6k
- Investments
- $0.0
- Employees
- 11
- Location
- Waseca, MN
- Founding
- 05/1980
- Data as of
- 12/2022
- 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 12/2022, Minnesota Agricultural Interpretive Center employed 11 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 12/2022, Minnesota Agricultural Interpretive Center generated $527.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $610.5k during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE AND PROMOTE THE STRONG HERITAGE OF MINNESOTA AGRICULTURE.
Describe the Organization's Program Activity:
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 Dir. | Officer | 40 | $60,500 |
Duane Alberts Chairman | OfficerTrustee | 1 | $0 |
Lisa Gjersvik Vice Chair | OfficerTrustee | 1 | $0 |
Lynette Ziegler Secretary | OfficerTrustee | 1 | $0 |
Roger Toquam Treasurer | OfficerTrustee | 1 | $0 |
Jim Checkel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $90,444 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,597 |
| Total Program Service Revenue | $225,645 |
| Investment income | $149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$7,449 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $9,845 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,551 |
| 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. | $60,500 |
| Compensation of current officers, directors, key employees. | $6,050 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $82,892 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,543 |
| Payroll taxes | $12,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,016 |
| Advertising and promotion | $5,258 |
| Office expenses | $5,230 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,834 |
| 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 | $113,744 |
| Insurance | $21,145 |
| All other expenses | $3,201 |
| Total functional expenses | $610,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $182,307 |
| Savings and temporary cash investments | $2,331 |
| Pledges and grants receivable | $46,725 |
| Accounts receivable, net | $2,000 |
| 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 | $2,120,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,494 |
| Total assets | $2,408,394 |
| Accounts payable and accrued expenses | $49,905 |
| 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 | $1,246 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,427 |
| Total liabilities | $68,578 |
| Net assets without donor restrictions | $2,339,816 |
| 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 | $2,408,394 |