Overview
What is Agricultural Utilization Research Inst?
The Agricultural Utilization Research Inst (AURI) is a nonprofit organization situated in Crookston, Minnesota. Established and funded by the Minnesota Legislature, AURI's primary mission is to promote long-term economic growth by developing value-added agricultural products. They achieve this goal by providing financial support, facilities, and conducting research. In addition, AURI offers technical assistance and product development to support new uses, energy alternatives, and value-added processing across Minnesota and the surrounding region. Their activities aim to benefit the Minnesota economy by fostering innovation in agricultural product development. With a workforce of 39 individuals, AURI plays a significant role in advancing agricultural industries through research and technical support.
Official website here: www.auri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Agricultural Utilization Research Institute has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization boasts 100% independent board members, demonstrating strong governance practices. Key financial metrics, such as a low liabilities to assets ratio of 16.55%, suggest a stable financial position.
The institute also excels in compliance and transparency, with well-documented policies on conflict of interest, whistleblowing, and record retention. Additionally, their financial oversight, including audit practices, has scored high marks, which strengthens trust in their operations.
However, while the program expense ratio is a respectable 59.48%, it indicates that there may be room for improvement in directing more funds towards their core programs. Overall, the organization shows a commitment to responsible stewardship of resources, although stakeholders may wish to see further enhancements in program funding.
This AI summary has been generated from information found on Charity Navigator.
Is Agricultural Utilization Research Inst legitimate?
Agricultural Utilization Research Inst is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agricultural Utilization Research Inst 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: $792,718
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,997,208
For more financial information, click here
Official website here: www.auri.org
What is the mission statement of Agricultural Utilization Research Inst?
The Agricultural Utilization Research Institute (AURI) was established and funded by the Minnesota legislature with a mission to foster long-term economic benefits. This is achieved by promoting the development of value-added agricultural products. The institute provides financial support, facilities, and conducts research to enhance agricultural products, ultimately benefiting the Minnesota economy. Additionally, AURI offers technical assistance and product development services for new uses, alternative energy sources, and value-added processing, extending its support beyond Minnesota and into the surrounding region.
Official website here: www.auri.org
Who is the CEO of Agricultural Utilization Research Inst?
Shannon M Schlecht is the Secretary/Treasurer of Agricultural Utilization Research Inst.
Official website here: www.auri.org
What is the revenue of Agricultural Utilization Research Inst?
Agricultural Utilization Research Inst's revenue in 2022 was $5,034,016.
Official website here: www.auri.org
Who are the executives of Agricultural Utilization Research Inst and what are their salaries?
The average compensation at Agricultural Utilization Research Inst during 2022 was $71,537. There are 39 employees and 3 volunteers at Agricultural Utilization Research Inst.
Here are 16 key members and their salaries:
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,360
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $495
- Related: $0
- Other: $0
- Compensation: $975
- Related: $0
- Other: $0
- Compensation: $165
- Related: $0
- Other: $0
- Compensation: $685
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $2,355
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $169,887
- Related: $0
- Other: $35,506
- Compensation: $120,214
- Related: $0
- Other: $16,310
- Compensation: $100,829
- Related: $0
- Other: $5,949
- Compensation: $115,580
- Related: $0
- Other: $31,311
- Compensation: $100,896
- Related: $0
- Other: $30,321
Official website here: www.auri.org
Where can I find the form 990 for Agricultural Utilization Research Inst?
Agricultural Utilization Research Inst's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.auri.org
Learn more at the official website: www.auri.org
Mission Statement of Agricultural Utilization Research Inst
The Agricultural Utilization Research Institute (AURI) was established and funded by the Minnesota Legislature with a mission to generate long-term economic benefits for the state. Achieving this objective involves fostering the development of value-added agricultural products. By providing funding, facilities, and research opportunities, AURI aims to enhance the utility of agricultural resources, thereby contributing positively to the Minnesota economy. Additionally, AURI offers technical assistance and product development support to encourage new uses, energy alternatives, and value-added processing across Minnesota and its surrounding regions. This multifaceted approach enables AURI to play a significant role in promoting the sustainable growth and prosperity of the agricultural sector in Minnesota.
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Impact
July, 2024
Agricultural Utilization Research Institute (AURI) has a significant impact on the Minnesota economy by fostering long-term economic benefits through the development of value-added agricultural products. By providing funds, facilities, and research support, AURI enables the creation of new uses, energy alternatives, and value-added processing in the agricultural sector. This results in job creation, increased economic activity, and enhanced competitiveness for Minnesota farmers and businesses. AURI's technical assistance and product development initiatives not only benefit the local economy but also contribute to the growth and sustainability of the agricultural industry in the region.
This information is meant to be a general summary of Agricultural Utilization Research Inst. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $47,101
- Program Service Revenue: $108,164
- Gross Receipts: $5,034,016
Assets and Liabilities:
- Total Assets: $6,538,023
- Total Liabilities: $1,228,558
- Net Assets: $5,309,465
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE-FOR-SERIVCE
Revenue
$65,250
PROJECT FEES
Revenue
$23,222
SPONSORSHIPS
Revenue
$10,200
REGISTRATIONS
Revenue
$6,967
OTHER PROGRAM REVENUE
Revenue
$2,525
Organization Details
Founding Year
1989
Phone
(218) 281-7600Principal Officer
Shannon M Schlecht
Main Address
510 COUNTY ROAD 71 STE 120, CROOKSTON, MN, 56716
Website
www.auri.orgNTEE Category
Code: K20E - Food
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