Minnesota Barley Research & Promotion Council
- Assets
- $81.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Red Lake Falls, MN
- Founding
- 01/1992
- Data as of
- 06/2023
- EIN
- 41-1655102
Organization Overview
Minnesota Barley Research & Promotion Council is located in Red Lake Falls, MN. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. Minnesota Barley Research & Promotion Council is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2023, Minnesota Barley Research & Promotion Council generated $109.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $110.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE INFORMATION FOR THE INDUSTRY AND TO DISEMINATEINFORMATION AND PLAN ACTIVITIES FOR THE PROMOTION OFBARLEY INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Hough Chariman | 10 | $0 | |
Brian Lacey V. Chair | 6 | $0 | |
Brent Gullekson Secretary-Treasurer | 4 | $0 | |
Jordan Erickson Director | 2 | $0 | |
Mike Frederichs Director | 2 | $0 | |
Marvin Zutz Exec. Director | 40 | $56,456 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $109,234 |
| Membership dues | $0 |
| Investment income | $247 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,481 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $71,042 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,895 |
| Printing, publications, postage, and shipping | $842 |
| Other expenses | $36,908 |
| Total expenses | $110,687 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,397 |
| Other assets | $0 |
| Total assets | $81,092 |
| Total liabilities | $7,247 |
| Net assets or fund balances | $73,845 |