Granary Foundation
- Assets
- $8.1m
- Revenue
- $391.6k
- Investments
- $244.8k
- Employees
- 0
- Location
- Lyons, NE
- Founding
- 02/1997
- Data as of
- 08/2023
- EIN
- 47-0804412
Organization Overview
Granary Foundation is located in Lyons, NE. The organization was established in 1997. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, 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. Granary Foundation 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 08/2023, Granary Foundation generated $391.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $356.0k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SOLICIT AND HOLD ENDOWMENT FUNDS. THE INCOME IS USED TO SUPPORT THE PROGRAMS OF THE CENTER FOR RURAL AFFAIRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SOLICIT AND HOLD ENDOWMENT FUNDS. THE INCOME IS USED TO SUPPORT THE PROGRAMS OF THE CENTER FOR RURAL AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Peterson President | OfficerTrustee | 0.1 | $0 |
Dennis Demmel Vice President | OfficerTrustee | 0.1 | $0 |
Mark Gustafson Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Becky Gould Board Member | Trustee | 0.1 | $0 |
Ross Larson Board Member | Trustee | 0.1 | $0 |
Chuck Karpf Board Member | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,572 |
| Total Program Service Revenue | $0 |
| Investment income | $283,850 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,000 |
| Net Gain/Loss on Asset Sales | $3,181 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,623 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,327 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,004 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,237 |
| Fees for services: Legal | $6,920 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,190 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $101 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $317,534 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,655 |
| All other expenses | $13 |
| Total functional expenses | $355,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,709 |
| Savings and temporary cash investments | $37,157 |
| 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 | $3,770 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,322,294 |
| Investments—other securities | $244,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $526,295 |
| Total assets | $8,137,025 |
| Accounts payable and accrued expenses | $85,648 |
| 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 | $5,371 |
| Total liabilities | $91,019 |
| Net assets without donor restrictions | $4,500,926 |
| Net assets with donor restrictions | $3,545,080 |
| 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 | $8,137,025 |