Center For Rural Policy And Development
- Assets
- $628.2k
- Revenue
- $663.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Mankato, MN
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 41-1919016
Organization Overview
Center For Rural Policy And Development is located in Mankato, MN. The organization was established in 1999. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Center For Rural Policy And Development employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Rural Policy And Development 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, Center For Rural Policy And Development generated $663.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $584.3k during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STATEWIDE RURAL POLICY RESEARCH AND ANALYSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A STATEWIDE RESOURCE FOR RESEARCH AND ANALYSIS ON RURAL POLICY. IN 2022, THE CENTER PUBLISHED: THE AMAZON EFFECT AND RURAL TAX REVENUES; SHIFTING ENERGY INFRASTRUCTURE AND RURAL MINNESOTA; WHY GRANDMA MAY STAY AT HOME: PROPERTY TAXES AND HOME OWNERSHIP IN RURAL MINNESOTA; STRATOSPHERE: THE AMAZING RISE IN THE PRICE OF FARMLAND AND ITS GROWING IMPACT ON RURAL GOVERNMENTS; COVID-19 IN RURAL MINNESOTA, BY THE NUMBERS; RURAL EMS: TAKING THE NEXT STEP; RURAL CHILD CARE SOLUTIONS: FROM THE GROUND UP; SEARCHING FOR "A PLACE THAT'S ACCESSIBLE FOR ALL THE PEOPLE WHO NEED IT": CHILD CARE ACCESS FOR LATINO IMMIGRANT FAMILIES IN NOBLES COUNTY; THE VALUE OF A REGIONAL OVERVIEW FOR DEVELOPING CHILD CARE; DEVELOPMENTS IN CHILD CARE POLICY IN THE MN DEPARTMENT OF HUMAN SERVICES. WE ALSO PRESENT WIDELY ON OUR WORK AND MAINTAIN A BLOG, A PODCAST, AND THE STATE OF RURAL MINNESOTA REPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Tesch President And CEO | Officer | 40 | $156,908 |
Anna Boroff Chair | OfficerTrustee | 1 | $0 |
Tim Houle Secretary/treasurer | OfficerTrustee | 1 | $0 |
Tim Velde Vice Chair | OfficerTrustee | 1 | $0 |
Reed Anfinson Director | Trustee | 1 | $0 |
Eunice Biel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $746 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $340,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $322,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $663,426 |
| Total Program Service Revenue | $204 |
| Investment income | $758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $663,588 |
| 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. | $179,182 |
| Compensation of current officers, directors, key employees. | $42,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,776 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,928 |
| Payroll taxes | $22,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,606 |
| Fees for services: Lobbying | $27,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,475 |
| Advertising and promotion | $15 |
| Office expenses | $943 |
| Information technology | $18,581 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,512 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,624 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,593 |
| Insurance | $3,179 |
| All other expenses | $0 |
| Total functional expenses | $584,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,510 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $382,956 |
| 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 | $2,188 |
| Net Land, buildings, and equipment | $3,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,188 |
| Accounts payable and accrued expenses | $13,131 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $13,131 |
| Net assets without donor restrictions | $315,057 |
| Net assets with donor restrictions | $300,000 |
| 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 | $628,188 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Center For Rural Policy And Development has recieved totaling $185,000.
| Awarding Organization | Amount |
|---|---|
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $75,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $75,000 |
Charles K Blandin Foundation Grand Rapids, MN PURPOSE: PROJECT SUPPORT OVER TWO YEARS FOR GENERAL OPERATING SUPPORT IN RURAL MINNESOTA | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Dairyland Economic Opportunity Council Incorporated Independence, WI | $9,371,395 | $17,670,947 |
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Community And Economic Development Associates Chatfield, MN | $1,658,001 | $2,830,781 |
Sharing Our Roots Northfield, MN | $1,750,092 | $967,957 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Door County Economic Development Corporation Sturgeon Bay, WI | $2,581,699 | $998,049 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
North Central Planning Council Devils Lake, ND | $2,034,561 | $1,088,900 |
Center For Rural Policy And Development Mankato, MN | $628,188 | $663,588 |
Big Ideas Inc New Ulm, MN | $77,922 | $540,880 |
North Dakota Farmers Union Foundation Jamestown, ND | $258,278 | $297,826 |
Griggs-Steele Empowerment Zone Inc Finley, ND | $5,018,876 | $162,623 |