Red River Valley Sugarbeet Growers Association Inc is located in Fargo, ND. The organization was established in 1979. 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 10/2022, Red River Valley Sugarbeet Growers Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red River Valley Sugarbeet Growers Association Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 10/2022, Red River Valley Sugarbeet Growers Association Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $1.8m during the year ending 10/2022. While expenses have increased by 2.1% 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
THE SUGARBEET GROWERS' TRADE ASSOCIATION MISSION IS TO GROW STRONG RELATIONSHIPS AND EFFECTIVELY COMMUNICATE WITH PRODUCERS AND MEMBERS OF THE INDUSTRY; CULTIVATE INDIVIDUALS TO SERVE IN LEADERSHIP POSITIONS ACROSS THE SUGAR INDUSTRY AND IN OUR RURAL COMMUNITIES; AND PRODUCE, SUPPORT, AND ADVANCE INITIATIVES TO MAINTAIN A STRONG U.S. SUGAR PROGRAM AND CROP INSURANCE PROTECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONTRIBUTES TO RESEARCH TO IMPROVE SUGARBEET VARIETIES AND EFFICIENCIES AND TO PROMOTE THE SUGAR INDUSTRY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Harrison Weber Executive Di | Officer | 40 | $100,000 |
Brent Baldwin Vice Presidn | OfficerTrustee | 4 | $0 |
Jason Schatzke Treasurer | OfficerTrustee | 4 | $0 |
Neil Rockstad President | OfficerTrustee | 4 | $0 |
Eric Erdman Research & E | Officer | 4 | $0 |
Mike Rosendahl Insurance Po | Officer | 4 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $2,089,792 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,089,792 |
Total Program Service Revenue | $0 |
Investment income | $5,090 |
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 | $2,094,882 |
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. | $105,364 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $66,000 |
Pension plan accruals and contributions | $6,640 |
Other employee benefits | $6,277 |
Payroll taxes | $11,720 |
Fees for services: Management | $0 |
Fees for services: Legal | $16,356 |
Fees for services: Accounting | $3,495 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,080 |
Fees for services: Other | $0 |
Advertising and promotion | $10,681 |
Office expenses | $7,361 |
Information technology | $31,827 |
Royalties | $0 |
Occupancy | $18,900 |
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 | $1,160 |
Insurance | $24,309 |
All other expenses | $0 |
Total functional expenses | $1,802,936 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $901,063 |
Savings and temporary cash investments | $300,000 |
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 | $0 |
Net Land, buildings, and equipment | $1,062 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,202,125 |
Accounts payable and accrued expenses | $11,727 |
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 | $0 |
Total liabilities | $11,727 |
Net assets without donor restrictions | $1,190,398 |
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 | $1,202,125 |
Organization Name | Assets | Revenue |
---|---|---|
Minnesota Corn Growers Association Burnsville, MN | $3,976,064 | $6,629,781 |
Agricultural Utilization Research Institute Crookston, MN | $5,866,335 | $5,389,230 |
Intertribal Agriculture Council Inc Billings, MT | $5,876,337 | $3,661,085 |
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 |
Minnesota Farm Bureau Federation Eagan, MN | $5,972,821 | $4,797,144 |
Regenerative Agriculture Foundation Minneapolis, MN | $1,186,022 | $2,940,721 |
North Dakota Farm Bureau Fargo, ND | $8,633,559 | $2,542,029 |
National Sunflower Association Mandan, ND | $2,977,784 | $2,123,598 |
Montana Farm Bureau Federation Bozeman, MT | $2,446,645 | $2,645,568 |
Red River Valley Sugarbeet Growers Association Inc Fargo, ND | $1,202,125 | $2,094,882 |
Institute For Agriculture And Trade Policy Minneapolis, MN | $1,744,515 | $1,549,281 |