Minnesota Farm Bureau Foundation

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

EIN: 411574656 ✦ St paul, MN ✦ Designated as a 501(c)(3)

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Overview

What is Minnesota Farm Bureau Foundation?

Minnesota Farm Bureau Foundation is a nonprofit organization situated in St. Paul, Minnesota. Their primary objective is to promote agriculture and educate the public, community, and individuals about its past, present, and future aspects. To achieve this, they engage in charitable and educational activities, providing support to education, funding research, and offering scholarships to individuals studying in agriculture or related fields. Additionally, they contribute to organizations that meet the criteria of being exempt charitable, educational, or scientific organizations under section 501(c)(3) of the Internal Revenue Code.


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Is Minnesota Farm Bureau Foundation legitimate?

Minnesota Farm Bureau Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Farm Bureau Foundation 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: $0

For more financial information, click here


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What is the mission statement of Minnesota Farm Bureau Foundation?

The Minnesota Farm Bureau Foundation's primary mission is centered around its charitable and educational activities. The foundation aims to promote agriculture improvement by providing support to education, encouraging and funding research, and offering scholarships for individuals pursuing studies in agriculture or related fields. Additionally, the foundation makes contributions to organizations that meet the criteria of being exempt charitable, educational, or scientific organizations under section 501(c)(3) of the Internal Revenue Code.


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Who is the CEO of Minnesota Farm Bureau Foundation?

Karin Schaefer is the Vice President of Minnesota Farm Bureau Foundation.


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What is the revenue of Minnesota Farm Bureau Foundation?

Minnesota Farm Bureau Foundation's revenue in 2022 was $181,025.


Official website here: www.fbmn.org

Who are the executives of Minnesota Farm Bureau Foundation and what are their salaries?

There 80 volunteers at Minnesota Farm Bureau Foundation.


Here are 13 key members and their salaries:


Carolyn Olson (Vice President)
  • Compensation: $0
  • Related: $5,000
  • Other: $0
Keith Allen (Director)
  • Compensation: $0
  • Related: $2,400
  • Other: $0
Robert Roelofs (Director)
  • Compensation: $0
  • Related: $2,400
  • Other: $0
Peter Bakken (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Collins (Director)
  • Compensation: $0
  • Related: $900
  • Other: $0
Fran Miron (Director)
  • Compensation: $0
  • Related: $4,050
  • Other: $0
Miles Kuschel (Director)
  • Compensation: $0
  • Related: $3,000
  • Other: $0
Shayne Isane (Director)
  • Compensation: $0
  • Related: $1,650
  • Other: $0
Tyler Nelson (Young Farmers And Ranchers Chair)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Didi Edwards (Promotion And Education Chair)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Karin Schaefer (Executive Director)
  • Compensation: $0
  • Related: $138,319
  • Other: $27,254
Dave Johnson (Director Of Operations)
  • Compensation: $0
  • Related: $130,753
  • Other: $27,381
Dan Glessing (President)
  • Compensation: $0
  • Related: $11,380
  • Other: $0


Official website here: www.fbmn.org

Where can I find the form 990 for Minnesota Farm Bureau Foundation?

Minnesota Farm Bureau Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fbmn.org

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

Mission Statement of Minnesota Farm Bureau Foundation

The Minnesota Farm Bureau Foundation, a nonprofit organization, is dedicated to promoting agriculture. Its primary mission involves supporting various charitable and educational activities. The foundation aims to improve agriculture by providing financial backing for education, encouraging research, and offering scholarships to individuals studying in agriculture or related fields. Furthermore, the Minnesota Farm Bureau Foundation is committed to making contributions to organizations that fall under the category of exempt charitable, educational, or scientific organizations, as per the Internal Revenue Code section 501(c)(3).

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Impact




October, 2024

The Minnesota Farm Bureau Foundation significantly impacts agriculture by promoting and supporting education, research, and scholarships. This organization actively educates the public and communities about agricultural issues, contributing to a better understanding of agriculture's past, present, and future.

Through its mission, the Foundation enhances agricultural practices and knowledge by funding research and providing scholarships for individuals pursuing studies in agriculture or related fields. By making contributions to qualified charitable and educational organizations, the Foundation fosters a well-informed community that recognizes the importance of agriculture and encourages future generations to engage in this critical industry.

Its initiatives not only bolster academic pursuits but also empower individuals and organizations dedicated to agricultural advancement, ultimately strengthening the agricultural sector in Minnesota.




This information is meant to be a general summary of Minnesota Farm Bureau Foundation. 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
$181,025 (2022)
Expenses
$257,104 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$17,207
  • Program Service Revenue: $25,000
  • Gross Receipts: $755,820

Assets and Liabilities:

  • Total Assets: $538,997
  • Total Liabilities: $8,222
  • Net Assets: $530,775

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Programs

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

Program Income

Revenue

$25,000

Organization Details

Founding Year

1987

Principal Officer

Karin Schaefer

Main Address

PO Box 64370, St Paul, MN, 55164

NTEE Category

Code: K20 - Food

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