Overview
What is Minnesota Nursery Research Corporation?
The Minnesota Nursery Research Corporation is a nonprofit organization situated in Newport, Minnesota. Its primary purpose is to foster plant-breeding advancements at the University of Minnesota. By soliciting voluntary contributions from nursery growers, the corporation funds the development of new fruit and ornamental plant varieties. The collected funds are then donated to the university's Horticulture Department to further their plant-breeding research. The Minnesota Nursery Research Corporation plays a crucial role in enhancing the diversity and quality of plant species, contributing to the horticulture field in Minnesota.
Is Minnesota Nursery Research Corporation legitimate?
Minnesota Nursery Research Corporation is a legitimate nonprofit organization registered as a 501(c)(5) entity. Minnesota Nursery Research Corporation submitted a form 990EZ, 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.
What is the mission statement of Minnesota Nursery Research Corporation?
The Minnesota Nursery Research Corporation primarily supports the advancement of plant-breeding research at the University of Minnesota. This is achieved by soliciting voluntary contributions from nursery growers for specific plant introductions. The collected funds are then donated to the university's Horticulture Department. In essence, the corporation's mission is to foster the development of new varieties of fruit and ornamental plants through its financial contributions, thereby enhancing the field of horticulture.
Who is the CEO of Minnesota Nursery Research Corporation?
Patrick Bailey is the President of Minnesota Nursery Research Corporation.
What is the revenue of Minnesota Nursery Research Corporation?
Minnesota Nursery Research Corporation's revenue in 2022 was $92,285.
Who are the executives of Minnesota Nursery Research Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Minnesota Nursery Research Corporation?
Minnesota Nursery Research Corporation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Minnesota Nursery Research Corporation
Minnesota Nursery Research Corporation, a nonprofit organization, plays a significant role in supporting the plant-breeding work at the University of Minnesota. Its mission is centered around encouraging the development of new varieties of fruit and ornamental plants. The corporation achieves this by collecting funds from voluntary contributions made by nursery growers, specifically for specific plant introductions. These contributions are then donated to the University of Minnesota's Horticulture Department. By doing so, Minnesota Nursery Research Corporation contributes to the advancement of horticulture and the growth of new plant varieties, benefiting the wider community and the nursery industry as a whole.
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Impact
October, 2024
Minnesota Nursery Research Corporation significantly influences the horticultural landscape by facilitating the development of innovative plant varieties at the University of Minnesota. Through the support of nursery growers, it provides essential funding that drives plant-breeding efforts, fostering advancements in both fruit and ornamental plants. This collaboration not only enhances biodiversity but also promotes sustainable practices within the industry. The corporation plays a vital role in ensuring that new, improved plant varieties are introduced to the market, benefiting growers and consumers alike by offering options that are more resilient and better suited to local climates. Ultimately, its impact extends beyond research funding; it contributes to the growth and evolution of the horticultural sector in Minnesota and beyond.
This information is meant to be a general summary of Minnesota Nursery Research Corporation. 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: $18
- Gross Receipts: $92,285
Assets and Liabilities:
- Total Assets: $90,887
- Total Liabilities: $0
- Net Assets: $90,887
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Organization Details
Phone
(651) 768-3340Principal Officer
Patrick Bailey
Main Address
1325 BAILEY ROAD, NEWPORT, MN, 55055
NTEE Category
Code: U50 - Science research
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