Sugarbeet Research & Education Board Of Minnesota & North Dakota
- Assets
- $701.3k
- Revenue
- $814.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fargo, ND
- Founding
- 01/1976
- Data as of
- 10/2023
- EIN
- 51-0164100
Organization Overview
Sugarbeet Research & Education Board Of Minnesota & North Dakota is located in Fargo, ND. The organization was established in 1976. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sugarbeet Research & Education Board Of Minnesota & North Dakota 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 10/2023, Sugarbeet Research & Education Board Of Minnesota & North Dakota generated $814.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $756.7k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sugarbeet Research & Education Board Of Minnesota & North Dakota has awarded 29 individual grants totaling $6,077,379. 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
AGRICULTURAL RESEARCH AND EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR SEVERAL RESEARCH PROJECTS PERTAINING TO THE RAISING OF SUGARBEETS. PROJECTS ARE CONDUCTED BY RESEARCH SCIENTISTS AT NORTH DAKOTA STATE UNIVERSITY, UNIVERSITY OF MINNESOTA, AND THE BEET SUGAR DEVELOPMENT FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bloomquist Member | Trustee | $0 | |
Melvin Bolton Member | Trustee | $0 | |
Emma Burt Member | Trustee | $0 | |
Frank Casey Member | Trustee | $0 | |
Trent Eidem Member | Trustee | $0 | |
Eric Erdman Chairman | OfficerTrustee | $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 | $801,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $801,754 |
| Total Program Service Revenue | $0 |
| Investment income | $12,981 |
| 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 | $814,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $709,567 |
| Grants and other assistance to domestic individuals. | $1,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $33,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,658 |
| All other expenses | $0 |
| Total functional expenses | $756,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,271 |
| Savings and temporary cash investments | $200,000 |
| 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 | $100,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $701,271 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $690,468 |
| Net assets with donor restrictions | $10,803 |
| 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 | $701,271 |
Grants Awarded
Over the last fiscal year, Sugarbeet Research & Education Board Of Minnesota & North Dakota has awarded $709,567 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH DAKOTA STATE UNIVERSITY PURPOSE: AGRICULTURAL RESEARC | $455,464 |
BEET SUGAR DEVELOPMENT FOUNDATION PURPOSE: AGRICULTURAL RESEARC | $71,177 |
UNIVERSITY OF MINNESOTA PURPOSE: AGRICULTURAL RESEARC | $182,926 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African American Leadership Forum Minneapolis, MN | $3,719,250 | $1,010,415 |
Montanans For Higher Education Helena, MT | $0 | $1,001,897 |
Sugarbeet Research & Education Board Of Minnesota & North Dakota Fargo, ND | $701,271 | $814,735 |
Minnesota Parent Union Saint Paul, MN | $334,120 | $310,192 |
Plus Foundation Minneapolis, MN | $1,180,549 | $261,942 |
Leap Inc Staples, MN | $117,132 | $225,224 |
Elevating Education Mn St Paul, MN | $42,072 | $255,731 |
Dsu-Soar Madison, SD | $113,856 | $0 |
Think2perform Research Institute Minneapolis, MN | $13,334 | $0 |
Joint Religious Education And Research Fund J R E R F Saint Paul, MN | $308,877 | $50,496 |
American Life Sciences Innovation Council Oakdale, MN | $123,311 | $0 |
Souris Basin Foundation Minot, ND | $47,812 | $0 |
My Choices Park Rapids, MN | $6,776 | $0 |
Northern Plains Potato Research & Education Foundation East Grand Forks, MN | $117,102 | $18,617 |
The Greater South Dakota Education And Research Foundation Inc Pierre, SD | $187 | $0 |
Institute For Global Asset And Risk Management Inc Mahtomedi, MN | $15,759 | $0 |