Minnesota Turf Seed Council Inc
- Assets
- $337.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Roseau, MN
- Founding
- 12/1995
- Data as of
- 12/2023
- EIN
- 41-1583115
Organization Overview
Minnesota Turf Seed Council Inc is located in Roseau, MN. The organization was established in 1995. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Turf Seed Council Inc 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 12/2023, Minnesota Turf Seed Council Inc generated $74.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $110.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Magnusson President | 1 | $0 | |
Shelly Melby Treasurer | 1 | $1,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $71,430 |
| Membership dues | $0 |
| Investment income | $3,320 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,200 |
| Professional fees and other payments to independent contractors | $4,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,462 |
| Other expenses | $102,883 |
| Total expenses | $110,045 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $337,822 |
| Other assets | $0 |
| Total assets | $337,822 |
| Total liabilities | $0 |
| Net assets or fund balances | $337,822 |