Minnesota Grain & Feed Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410248640 ✦ New prague, MN ✦ Designated as a 501(c)(6)

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Overview

What is Minnesota Grain & Feed Association?

The Minnesota Grain & Feed Association is a nonprofit organization situated in New Prague, Minnesota. Their primary purpose is to champion the grain elevator industry, offering education and resources relevant to the sector. Annually, they publish a comprehensive yearbook, listing all grain elevators in the state, and distribute it to their members. The association's mission is to serve the agribusiness industry with integrity, respect, and innovation, providing top-notch programs and services. The organization boasts a modest workforce of four individuals.


Official website here: www.mgfa.org

Is Minnesota Grain & Feed Association legitimate?

Minnesota Grain & Feed Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Grain & Feed Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,350

For more financial information, click here


Official website here: www.mgfa.org

What is the mission statement of Minnesota Grain & Feed Association?

The Minnesota Grain & Feed Association, an organization dedicated to the grain elevator industry, has a mission to serve the agribusiness sector with integrity, respect, and innovation in its programs and services. The association's primary goal is to promote the grain elevator industry and provide education that is relevant to the industry. This is accomplished through the annual publication of a yearbook, which lists all grain elevators in the state. All members receive a copy of the yearbook, and it also includes industry information and supplier advertisements.


Official website here: www.mgfa.org

Who is the CEO of Minnesota Grain & Feed Association?

Laura Lemke is the President of Minnesota Grain & Feed Association.


Official website here: www.mgfa.org

What is the revenue of Minnesota Grain & Feed Association?

Minnesota Grain & Feed Association's revenue in 2022 was $521,847.


Official website here: www.mgfa.org

Who are the executives of Minnesota Grain & Feed Association and what are their salaries?

The average compensation at Minnesota Grain & Feed Association during 2022 was $37,338. There are 4 employees at Minnesota Grain & Feed Association.


Here are 8 key members and their salaries:


Dave Estrem (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Heim (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Beer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Hardy (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Kelbrants (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Herberg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Simpson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Yager (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mgfa.org

Where can I find the form 990 for Minnesota Grain & Feed Association?

Minnesota Grain & Feed Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mgfa.org

Learn more at the official website: www.mgfa.org

Mission Statement of Minnesota Grain & Feed Association

The Minnesota Grain & Feed Association, an organization dedicated to the grain elevator industry, is committed to serving the agribusiness sector with integrity, respect, and innovation. Its mission is to provide relevant education and support to the industry through its programs and services. This association strives to uphold high standards and foster a culture of innovation, aiming to contribute positively to the grain elevator industry as a whole. The Minnesota Grain & Feed Association achieves this by publishing an annual yearbook, which lists all grain elevators in the state. This resource is distributed to all members, providing them with valuable industry information and supplier advertisements. The association's dedication to the agribusiness sector is evident in its commitment to providing valuable resources and support to its members, contributing to the overall success and growth of the grain elevator industry.

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Impact




October, 2024

The Minnesota Grain & Feed Association plays a crucial role in promoting the grain elevator industry and enhancing education within this sector. By providing vital resources and support, the association helps strengthen agribusiness in the state. Their annual yearbook is a key tool, listing all grain elevators in Minnesota and disseminating important industry information, ensuring that members stay informed about the latest developments and opportunities. This initiative not only benefits individual businesses but also fosters collaboration and growth within the agricultural community, contributing significantly to the state's economy. Through its commitment to integrity, respect, and innovation, the association actively works on community improvement while advocating for the industry's interests.




This information is meant to be a general summary of Minnesota Grain & Feed Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$521,847 (2022)
Expenses
$598,874 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,626
  • Program Service Revenue: $369,897
  • Gross Receipts: $536,133

Assets and Liabilities:

  • Total Assets: $527,833
  • Total Liabilities: $254,393
  • Net Assets: $273,440

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INSURANCE PROGRAMS

Revenue

$158,747

MEMBERSHIP FEES

Revenue

$141,155

CONVENTIONS

Revenue

$49,155

EDUCATIONAL PROGRAMS

Revenue

$20,840

Organization Details

Founding Year

1933

Principal Officer

Laura Lemke

Main Address

1407 1ST ST NE, NEW PRAGUE, MN, 56071

NTEE Category

Code: S41 - Community improvement

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