Granary Foundation
- Assets
- $7.5m
- Revenue
- $331.9k
- Investments
- $6.9m
- Employees
- 0
- Location
- Lyons, NE
- Founding
- 02/1997
- Data as of
- 08/2022
- EIN
- 47-0804412
Organization Overview
Granary Foundation is located in Lyons, NE. The organization was established in 1997. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Granary 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 08/2022, Granary Foundation generated $331.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $346.1k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. 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 SOLICIT AND HOLD ENDOWMENT FUNDS. THE INCOME IS USED TO SUPPORT THE PROGRAMS OF THE CENTER FOR RURAL AFFAIRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SOLICIT AND HOLD ENDOWMENT FUNDS, THE INCOME OF WHICH IS TO BE USED FOR THE BENEFIT OF THE CENTER FOR RURAL AFFAIRS. A 501 (C)(3) ORGANIZATION COMMITTED TO STRENGTHENING SMALL BUSINESS, FAMILY FARMS AND RANCHES, AND RURAL COMMUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Petersen President | OfficerTrustee | 0.1 | $0 |
Dennis Demmel Vice President | OfficerTrustee | 0.1 | $0 |
Mark Gustafson Secretray/treas | OfficerTrustee | 0.1 | $0 |
Brian Depew Executive Director | Officer | 5 | $0 |
Ross Larson Board Member | Trustee | 0.1 | $0 |
Becky Gould Board Member | Trustee | 0.1 | $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 | $51,420 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,420 |
| Total Program Service Revenue | $0 |
| Investment income | $279,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,000 |
| Net Gain/Loss on Asset Sales | -$21,952 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $331,919 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,327 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,513 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,920 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $146 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $307,073 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,278 |
| All other expenses | $0 |
| Total functional expenses | $346,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616 |
| Savings and temporary cash investments | $86,159 |
| 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 | $1,241 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,901,975 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $519,767 |
| Total assets | $7,509,758 |
| Accounts payable and accrued expenses | $4,359 |
| 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 | $5,371 |
| Total liabilities | $9,730 |
| Net assets without donor restrictions | $3,954,948 |
| Net assets with donor restrictions | $3,545,080 |
| 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 | $7,509,758 |
Endowment Analysis
| Beg. Balance | $3,545,080 |
| Ending Balance | $3,545,080 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icast Internationl Center For Appropriate & Sustanabl Technology Lakewood, CO | $9,165,224 | $20,236,331 |
East Central Kansas Economic Opportunity Corp Ottawa, KS | $5,122,658 | $10,399,835 |
Rural America Initiatives Rapid City, SD | $11,020,564 | $7,975,941 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Dubois Community Project Inc Dubois, WY | $25,993 | $2,941 |
Pulaski County Growth Alliance Saint Robert, MO | $34,130 | $1,396,256 |
Rural Electric Economic Development Inc Madison, SD | $44,957,084 | $2,458,763 |
Native360 Loan Fund Inc Grand Island, NE | $7,395,095 | $2,498,904 |
South Eastern Development Foundation Sioux Falls, SD | $22,464,210 | $4,520,935 |
The Blessing Projects Moran, WY | $225,465 | $598,592 |
Northeast Missouri Regional Planning Commission Memphis, MO | $1,257,078 | $608,524 |
Northwest Douglas County Economic Development Corporation Highlands Ranch, CO | $400,033 | $401,030 |