Farmers Union Industries Foundation Inc
- Assets
- $243.8k
- Revenue
- $77.1k
- Investments
- $25.0k
- Employees
- 0
- Location
- Redwood Falls, MN
- Founding
- 04/1999
- Data as of
- 06/2022
- EIN
- 31-1634460
Organization Overview
Farmers Union Industries Foundation Inc is located in Redwood Falls, MN. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Farmers Union Industries Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Farmers Union Industries Foundation Inc generated $77.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $85.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Farmers Union Industries Foundation Inc has awarded 146 individual grants totaling $2,632,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Birgen Vice Chair | 1 | $0 | |
Steve Anderson Secretary | 1 | $0 | |
Robert Kuylen Chairman | 1 | $0 | |
Doug Sombke Director | 1 | $0 | |
Mark Watne Director | 1 | $0 | |
Darin Von Ruden Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $4 |
| Dividends & Interest | $4,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $22,614 |
| Capital Gain Net Income | $22,614 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $276 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $7,219 |
| Contributions, gifts, grants paid | $78,000 |
| Total expenses and disbursements | $85,219 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,523 |
| Savings and temporary cash investments | $217,544 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$276 |
| Total assets | $243,791 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Farmers Union Industries Foundation Inc has awarded $78,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SDFU FOUNDATION PURPOSE: COSTS FOR STATE AG FAIRS | $45,000 |
SDFU FOUNDATION PURPOSE: COSTS FOR STATE AG FAIRS/FARM SHOWS | $20,000 |
VARIOUS POLICE AND SHERIFF DEPT PURPOSE: GENERAL PURPOSE | $8,000 |
ADDYSON E HUGHES PURPOSE: STANLEY MOORE SCHOLARSHIP | $1,500 |
JUSTIN GOETZ PURPOSE: STANLEY MOORE SCHOLARSHIP | $1,500 |
Redwood Falls, MN PURPOSE: FOOD SHELF | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Central States Fair Rapid City, SD | $6,354,015 | $4,358,357 |
Sc Johnson Giving Inc Racine, WI | $34,098,989 | $19,343,102 |
Peo Sisterhood International Chapter Des Moines, IA | $85,884,604 | $5,248,161 |
Herb Kohl Educational Foundation Inc Milwaukee, WI | $133,385 | $3,506,418 |
Valley Senior Living Grand Forks, ND | $804,854 | $3,496,436 |
Ab Nicholas Scholarship Foundation Mequon, WI | $58,753,687 | $6,013,180 |
Hemophilia Outreach Of Wisconsin Inc Green Bay, WI | $38,605,342 | $5,343,718 |
C H Robinson Worldwide Foundation Sioux Falls, SD | $19,568,040 | $4,443,280 |
Delta Dental Of Wisconsin Foundation Inc Stevens Point, WI | $16,778,803 | $4,566,346 |