Minnesota Agri-Growth Council Inc
- Assets
- $176.7k
- Revenue
- $604.2k
- Investments
- $0.0
- Employees
- 2
- Location
- St Paul, MN
- Founding
- 05/1973
- Data as of
- 12/2023
- EIN
- 41-0991212
Organization Overview
Minnesota Agri-Growth Council Inc is located in St Paul, MN. The organization was established in 1973. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Minnesota Agri-Growth Council Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Agri-Growth Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Minnesota Agri-Growth Council Inc generated $604.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $616.8k during the year ending 12/2023. While expenses have increased by 0.8% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MINNESOTA AGRI-GROWTH COUNCIL IS TO ADVOCATE FOR MINNESOTA'S FOOD AND AGRICULTURE INDUSTRY BY SERVING AS A UNIFIED VOICE AND PROMOTING RELATIONSHIPS WITH ALLIED INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 AG & FOOD SUMMIT ONE OF THE BEST ATTENDED IN PAST 5 YEARS, PROVIDING MEMBERS AND GUESTS GREAT INFORMATION, INSIGHT, DISCUSSION, AND NETWORKING OPPORTUNITIES.
BUILDING AND SUSTAINING A QUALIFIED AGRI-FOOD TALENT PIPELINE CONTINUED AMONG 15+ MINNESOTA AG, EDUCATION, AND CAREER DEVELOPMENT ORGANIZATIONS AS WE SUCCESSFULLY INVOLVED NATIONAL EXPERTS IN OUR AG & FOOD SUMMIT AND ATTRACTED THE NATIONAL AGCAREERS.COM TO HOLD ITS 2024 ROUNDTABLE IN MINNESOTA.
CONTINUED ACTIONS TO IMPLEMENT FINAL YEAR OF 2021 STRATEGIC ACTION PLAN BY PROVIDING INPUT INTO AGRIGROWTH'S MEMBERSHIP, BUSINESS MODEL, PARTNERSHIPS, AND PROGRAMS. SUCESSFULLY ASSESSED BUSINESS MODEL REVENUE OPPORTUNITIES, EXPANDED AND REFINED PARTNERSHIP OPPORTUNITIES, AND HOSTED 4 EXCEPTIONAL, WELL-ATTENDED, PROFITABLE EVENTS FOR OUR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl Meshke Chair | OfficerTrustee | 0.5 | $0 |
Jake Hamlin Vice Chair | OfficerTrustee | 0.3 | $0 |
Don Wick Secretary | OfficerTrustee | 0.3 | $0 |
Greg Howard Treasurer | OfficerTrustee | 0.3 | $0 |
Mike Berthoud Director | Trustee | 0.3 | $0 |
Christopher Cook Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $602,278 |
| Investment income | $1,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $604,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,219 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $93,305 |
| Pension plan accruals and contributions | $4,282 |
| Other employee benefits | $684 |
| Payroll taxes | $17,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,980 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,566 |
| Advertising and promotion | $243 |
| Office expenses | $4,768 |
| Information technology | $6,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,994 |
| All other expenses | $2,559 |
| Total functional expenses | $616,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,689 |
| Savings and temporary cash investments | $157,201 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,774 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $176,664 |
| Accounts payable and accrued expenses | $168 |
| Grants payable | $0 |
| Deferred revenue | $134,773 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $134,941 |
| Net assets without donor restrictions | $41,723 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $176,664 |