Sugarbeet Research & Education Board Of Minnesota & North Dakota

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 10/2022, Sugarbeet Research & Education Board Of Minnesota & North Dakota generated $734.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $660.4k during the year ending 10/2022. 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 26 individual grants totaling $5,367,812. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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)Compensation
Eric Erdman
President
$0
Mohamed Khan
Secretary
$0
Pat Osowski
Treasurer
$0
Chris Thompson
Vice Preside
$0
Mark Bloomquist
Member
$0
Melvin Bolton
Member
$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$733,565
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$733,565
Total Program Service Revenue$0
Investment income $514
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 $734,079

Grants Awarded

Over the last fiscal year, Sugarbeet Research & Education Board Of Minnesota & North Dakota has awarded $625,675 in support to 3 organizations.

Grant RecipientAmount

NORTH DAKOTA STATE UNIVERSITY

PURPOSE: AGRICULTURAL RESEARC

$364,005

UNIVERSITY OF MINNESOTA

PURPOSE: AGRICULTURAL RESEARC

$237,945

BEET SUGAR DEVELOPMENT FOUNDATION

Org PageRecipient Profile

Denver, CO

PURPOSE: AGRICULTURAL RESEARC

$23,725
View Grant Profile

Endowment Analysis

Beg. Balance$10,803
Earnings$500
Grants$500
Ending Balance$10,803

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