Northern Plains Potato Research & Education Foundation
- Assets
- $117.1k
- Revenue
- $18.6k
- Investments
- $0.0
- Employees
- 0
- Location
- East Grand Forks, MN
- Founding
- 11/1986
- Data as of
- 06/2022
- EIN
- 36-3460092
Organization Overview
Northern Plains Potato Research & Education Foundation is located in East Grand Forks, MN. The organization was established in 1986. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, 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. Northern Plains Potato Research & Education Foundation 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, Northern Plains Potato Research & Education Foundation generated $18.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $5.2k during the year ending 06/2022. While expenses have increased by 14.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Halverson President | 0.5 | $0 | |
Tj Hall Vice President | 0.5 | $0 | |
Matt Vanray Secretary/treasurer | 0.5 | $0 | |
David Fedje Director | 0.5 | $0 | |
Sander Dagen Director | 0.5 | $0 | |
Greg Campbell Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,088 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,679 |
| Capital Gain Net Income | $8,679 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $435 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $596 |
| Total operating and administrative expenses | $2,216 |
| Contributions, gifts, grants paid | $3,000 |
| Total expenses and disbursements | $5,216 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542 |
| Savings and temporary cash investments | $116,560 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $117,102 |
| 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, Northern Plains Potato Research & Education Foundation has awarded $3,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ETHAN SUDA PURPOSE: SCHOLARSHIP | $1,500 |
EASTON RERICK PURPOSE: SCHOLARSHIP | $1,500 |