Northern Canola Growers Association
- Assets
- $409.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 05/2000
- Data as of
- 11/2023
- EIN
- 45-0435502
Organization Overview
Northern Canola Growers Association is located in Bismarck, ND. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Canola Growers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2023, Northern Canola Growers Association generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $1.0m during the year ending 11/2023. While expenses have increased by 2.5% 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.
Since 2015, Northern Canola Growers Association has awarded 26 individual grants totaling $3,334,692. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP MARKETS, EDUCATION AND RESEARCH PROGRAMS FOR CANOLA PRODUCTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORTHERN CANOLA GROWERS ASSOCIATION COMPLETED TWO FIELD TOURS FOR GROWERS PROVIDING EDUCATION ON GROWING CANOLA. IT ALSO CONDUCTED AN ANNUAL RESEARCH SYMPOSIUM TO EDUCATE GROWERS AND INDUSTRY ON CURRENT-YEAR CANOLA RESEARCH EFFORTS AND RESULTS AND TO STRATEGIZE FUTURE RESEARCH NEEDS. IT ALSO CONDUCTED CANOLA OIL PROMOTION ACTIVITIES AT THE KMOT AG EXPO AND THE CULINARY INSTITUTE OF AMERICA.THE NORTHERN CANOLA GROWERS ASSOCIATION CONDUCTED AN ANNUAL MEETING OF MEMBERS, PROVIDING EDUCATION AND A REPORT OF ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Mickelson President | OfficerTrustee | 1 | $2,200 |
Troy Romfo Vice President | OfficerTrustee | 0.7 | $1,000 |
Becky Braaten Secretary/treasurer | OfficerTrustee | 0.2 | $0 |
Mike Brekhus Director | Trustee | 0.3 | $2,000 |
Matt Mongeon Director | Trustee | 0.3 | $600 |
Zach Jacobson Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,144 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,066,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,075,205 |
| Total Program Service Revenue | $0 |
| Investment income | $1,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$15,891 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $478,942 |
| 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. | $12,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $282,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $118,849 |
| Office expenses | $25,205 |
| Information technology | $7,584 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,834 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,379 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,886 |
| All other expenses | $0 |
| Total functional expenses | $1,003,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $407,896 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,017 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $409,913 |
| Accounts payable and accrued expenses | $3,565 |
| 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 | $3,565 |
| Net assets without donor restrictions | $406,348 |
| 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 | $409,913 |
Grants Awarded
Over the last fiscal year, Northern Canola Growers Association has awarded $463,251 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH DAKOTA STATE UNIVERSITY PURPOSE: Canola Research | $408,386 |
SOUTH DAKOTA STATE UNIVERSITY PURPOSE: Canola Research | $54,865 |