Civic Intelligence

The Main Street Project

990 • Fiscal year 2017 • EIN 20-1788275

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

105 4th St E No 213Northfield, MN 55057

(507) 786-9900

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$805,264

Up $10,671 (+1.3%) from 2016

Net Assets

Down

$98,662

Down $480,287 (-83%) from 2016

Liabilities

Up

$706,602

Up $490,958 (+228%) from 2016

Revenue And Expenses

Revenue

Down

$558,169

Down $657,365 (-54%) from 2016

Expenses

Up

$1,038,456

Up $84,423 (+8.8%) from 2016

Net Income

Down

-$480,287

Down $741,788 (-284%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $92,960Liabilities 2010: $160,810Net Assets 2010: -$67,8502010Assets 2011: $131,825Liabilities 2011: $136,326Net Assets 2011: -$4,5012011Assets 2012: $906,362Liabilities 2012: $96,882Net Assets 2012: $809,4802012Assets 2013: $784,640Liabilities 2013: $212,200Net Assets 2013: $572,4402013Assets 2014: $924,537Liabilities 2014: $255,739Net Assets 2014: $668,7982014Assets 2015: $471,538Liabilities 2015: $154,090Net Assets 2015: $317,4482015Assets 2016: $794,593Liabilities 2016: $215,644Net Assets 2016: $578,9492016Assets 2017: $805,264Liabilities 2017: $706,602Net Assets 2017: $98,6622017Assets 2018: $1,021,929Liabilities 2018: $716,578Net Assets 2018: $305,3512018Assets 2019: $871,856Liabilities 2019: $679,056Net Assets 2019: $192,8002019Assets 2020: $1,784,296Liabilities 2020: $605,915Net Assets 2020: $1,178,3812020Assets 2021: $1,750,092Liabilities 2021: $478,509Net Assets 2021: $1,271,5832021Assets 2022: $1,890,060Liabilities 2022: $616,821Net Assets 2022: $1,273,2392022Assets 2023: $1,598,184Liabilities 2023: $519,973Net Assets 2023: $1,078,2112023Assets 2024: $1,578,973Liabilities 2024: $709,304Net Assets 2024: $869,6692024

Highlighted filing

2017

Assets$805,264
Liabilities$706,602
Net Assets$98,662

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $511,3632010Expenses 2011: $596,3862011Revenue 2012: $1,436,644Expenses 2012: $622,663Net Income 2012: $813,9812012Revenue 2013: $433,160Expenses 2013: $670,200Net Income 2013: -$237,0402013Revenue 2014: $965,446Expenses 2014: $869,088Net Income 2014: $96,3582014Revenue 2015: $457,181Expenses 2015: $808,531Net Income 2015: -$351,3502015Revenue 2016: $1,215,534Expenses 2016: $954,033Net Income 2016: $261,5012016Revenue 2017: $558,169Expenses 2017: $1,038,456Net Income 2017: -$480,2872017Revenue 2018: $1,203,856Expenses 2018: $997,167Net Income 2018: $206,6892018Revenue 2019: $648,479Expenses 2019: $761,030Net Income 2019: -$112,5512019Revenue 2020: $1,966,294Expenses 2020: $980,713Net Income 2020: $985,5812020Revenue 2021: $967,957Expenses 2021: $874,755Net Income 2021: $93,2022021Revenue 2022: $893,652Expenses 2022: $891,996Net Income 2022: $1,6562022Revenue 2023: $855,573Expenses 2023: $1,050,601Net Income 2023: -$195,0282023Revenue 2024: $885,582Expenses 2024: $1,094,124Net Income 2024: -$208,5422024

Highlighted filing

2017

Revenue$558,169
Expenses$1,038,456
Net Income-$480,287
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$558,169
Mission and Program Overview

Mission

To increase access to resources, share knowledge and build power in order to create a socially, economically and ecologically resilient food system.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$97,660$479,004▲ $381,344
Cash and Non-Interest-Bearing Accounts$93,374$188,396▲ $95,022
Pledges and Grants Receivable$454,000$55,000▼ $399,000
Inventories for Sale or Use$101,755$48,074▼ $53,681
Accounts Receivable$39,559$24,197▼ $15,362
Savings and Temporary Cash Investments$6,652$10,593▲ $3,941
Prepaid Expenses and Deferred Charges$1,593--
Total Assets$794,593$805,264▲ $10,671
Liabilities
Mortgage Notes Payable Secured by Investment Property$150,000$600,000▲ $450,000
Accounts Payable and Accrued Expenses$65,644$106,602▲ $40,958
Total Liabilities$215,644$706,602▲ $490,958
Net Assets / Fund Balance
Temporarily Rstr Net Assets$450,000$220,833▼ $229,167
Unrestricted Net Assets$128,949$-122,171▼ $251,120
Total Net Assets Fund Balance$578,949$98,662▼ $480,287
Total Liabilities and Net Assets / Fund Balance$794,593$805,264▲ $10,671

Asset Categories

AssetBook ValueDepreciationBasis
Land$406,998-$406,998
Buildings$48,992$147,515$196,507
Equipment$22,506$43,519$66,025
Other Land Buildings$508$581$1,089
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Niel RitchieChief Executive OfficerFT$80,000$9,271$89,271

Board Members and Trustees

NameTitle
Jim BlahaBoard Chair
Barbara StrandellBoard Member
Erin MeierBoard Member
Pat JensenBoard Member
David OstendorfBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$326,634
Program Service Revenue
$231,345
Investment Income
$190
Other Revenue
$0
All Other Contributions
$326,634
Change in Net Assets
$-480,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$558,169
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$558,169
Total Revenue per Form 990
$558,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$559,525
Salaries, Compensation, and Employee Benefits$478,931
Total Fundraising Expense$131,702
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$222,611$50,155$46,925$319,691
Current Officers, Directors, Trustees, and Key Employees$62,162$14,005$13,104$89,271
Fees for Services Legal$43,292$9,755$9,127$62,174
Fees for Services Other$33,480-$28,680$62,160
Travel$41,076$5,472$5,423$51,971
All Other Expenses$45,420--$45,420
Office Expenses$11,782$27,594$2,485$41,861
Fees for Services Accounting-$38,922-$38,922
Payroll Taxes$25,546$5,756$5,386$36,688
Other Employee Benefits$23,174$5,223$4,884$33,281
Depreciation Depletion$28,707$974$974$30,655
Other Expenses$27,056$518$484$28,058
Occupancy$10,828$2,440$2,283$15,551
Insurance$4,305$1,484$907$6,696
Advertising$1,664--$1,664
Information Technology$544$123$115$782
Total Functional Expenses$732,656$174,098$131,702$1,038,456

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,038,456
Total Expenses per Audited Statements$1,038,456
Total Expenses per Form 990$1,038,456
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors will hold a special meeting to consider and approve the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Conflict of interest forms are signed by all employees and board members at the beginning of each fiscal year and are reviewed during the year as new vendors are identified.

Form 990, Part VI, Section B, Line 15

Performance reviews of the ceo are performed by the board at least bi-annually; related salaries are reviewed and approved annually as part of the regular review and approval of the annual budget.

Form 990, Part VI, Section C, Line 19

Paper copies are kept on file and are available to the public during regular business hours. Electronic copies are kept for distribution to electronic requests.

Filing and Contact Details

Filer

Filer Name
The Main Street Project
EIN
20-1788275
Phone
5077869900
Address
105 4TH ST E NO 213, NORTHFIELD, MN 55057

Signing Officer

Name
Niel Ritchie
Title
Chief Executive Officer
Phone
5077869900
Signed
2018-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Niel Ritchie
Formed
2004
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
11
Volunteers
175

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Linda M Nelson CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

Women agripreneurs while raising chickens was sometimes a family effort, several of our agripreneurs were women. Women agripreneurs engaged their husbands in helping with their flocks, even though they held primary responsibility. One woman especially liked having her husband come with her to the coop in the evenings. In addition, our women agripreneurs took their children along to the coop. One said raising the chickens was "natural, like raising children and liked caring for the birds. Raising chickens provided an opportunity for women to contribute to the family income without an outside job and allowed them to do so without requiring daycare (and the associated cost). Women agripreneurs gained confidence with their flocks and valued learning more about providing a healthy diet for their families. Youth agripreneurs several youth were engaged in msp's egg production in 2017, responsible for the basic maintenance of the chickens, feeding and watering them, ensuring their health, and collecting, washing, and processing the eggs. Four of the youth plan to continue farming as a vocation. Two have secured access to land, built their own coop (with msp support and materials), and started production. The training they received with msp has provided them the experience and confidence to move forward as independent producers. Msp continues to provide technical and marketing support, as we do with our other independent producers, including notices of the latest regenerative agriculture innovations being employed in our model. Established farmers established farmers in the region have expressed interest in our regenerative agriculture model. This has presented an opportunity for msp to explore the possibility for expanding support for our model via engagement of traditional farmers. Interest from established farmers has been strong, and this outreach is laying the foundation for expanding a regenerative agriculture model in the broader region. Over the past year, outreach has resulted in partnerships with local farmers that will site 9 of the 30 coops we are working to establish as our preliminary regional cluster. Additional outreach is continuing and new partnerships for siting coops are in process. Sharing our roots program msp has also launched our sharing our roots community engagement program and expanded it through a partnership with rice county community health organization growing up healthy to bring local latino families together to address the diet related health concerns in the community through community engagement, education, and distribution of no cost produce from main street project's regenerative agriculture enterprises. Six participants in the sharing our roots program went on to receive msp agripreneur training. In addition, msp and growing up healthy partnered to establish a new project, cocina y campo, to provide health, nutrition and food education and build community around common interests in food and agriculture, using msp's central farm as a hub for project activities. In the coming year, we expect that msp will give 20 presentations reaching 400 people (including some in schools), 200250 of which will participate at the farm in special community building activities, and that 80 of these participants, including multigenerational families and individuals, will become more deeply engaged in our market garden and growing for their own consumption. Outcomes outcomes for main street project's (msp) training participants included increased skills development, income, knowledge of nutrition, and access to healthy food. - agripreneurs who raised flocks were able to supplement their family incomes. After all expenses (including costs of chicks, feed, coop rental, and processing) agripreneurs netted between $3,200 and $5,700 per flock. - new agripreneurs learned how to raise and care for chickens, how to implement the msp model, how to do daily documentation of raising and caring for their flock, and how to develop a

Form 990, Part III, Line 4A

We have come to realize the importance of our regional expansion work being centered in the midwest, and specifically in the driftless area, a distinct geographic and soil region of "marginal lands." here, farms remain relatively small due to the geology. Intensive artificial drainage systems made agriculture flourish but resulted in significant water quality problems and diminished soil vitality. It is an ideal living laboratory. Msp's research farm and central farm are prime examples of the region's marginal lands, and our perennial based and poultry based model is designed to work well here. The farm will serve as hub for demonstration and training and a catalyst in the region. It has become increasingly clear that reintegrating perennials - including fruit and nut trees, grasses and feed grains - into the landscape must be a part of the broad nitrate management strategy needed for reductions at the scale required to achieve substantial environmental impact in the region. But reintroducing perennials into an area dominated by conventional commodity agriculture is complicated - uncertain markets, long production lags and built-in market disincentives make it difficult for farmers to transition from conventional corn and soy production. To overcome these hurdles, msp's model provides farmers in the region with a field ready roadmap based two primary products - sustainably and humanely produced poultry, with a quick startup, strong market and steady cash flow? And woody perennials like hazelnuts and elderberries that take 4 to 5 years to mature, but then provide many years of steady production and income with less field work. Our model provides a jumping off point for developing a regional cluster of farms that can begin to demonstrate impacts at scale. But change doesn't happen in a vacuum. We have become acutely aware of some of the structural impediments farmers face in reintroducing perennial crops into the landscape. Developing and implementing methods for "de-risking" this transition - removing systemic barriers to entry for new and limited resource farmers - have become defining components of our work to facilitate replication of our model in the region and beyond. This includes setting standards, developing markets, planning for infrastructure needs, and securing financing and investment. In furtherance of these efforts, we developed new partnerships in 2017: - iroquois valley farms, llc, to develop a regional financing partnership to provide land access to farmers implementing our poultry centered regenerative agriculture model (iroquois valley has also provided msp with financial support from a usda/conservation innovation grant they received to offset our early stage land restoration efforts as part of a comprehensive program to place more organic farmers on the land) - shared capital cooperative, to develop a pool of operating loans for coop construction by farmers applying our model, and to establish a grower's cooperative - dakota county, to pilot a hybrid agricultural easement that would allow farmers using our model to harvest perennial crops and small grains from expanded buffer zones, reducing the cost and risk of transitioning land from annual to perennial production - lift economy and cogent consulting, to develop regional business modeling, cooperative governance/ownership structuring and franchising/replication expansion strategies we have now laid the groundwork for our plan to incubate the first regional cluster of participating regenerative farms, in cooperation with regeneration farms, llc, the first for profit aggregator dedicated to building a market presence for our regenerative process certified products. Our goal is 30 paddocks in production within 36 months, 15 of which have already been sited, with partnerships for the remaining 15 in development. Implementation partnerships as we have continued to build out a new regional food system in southeast minnesota, we have also expanded our partnershi

Financial Statement Notes

PART X, LINE 2:

Asc 740 footnote from audited financial statements: the organization is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code, therefore, the statements do not include a provision for income taxes. The organization reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. This includes positions that the entity is exempt from income taxes or not subject to income taxes on unrelated business income. The organization recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of all positions. The organization has identified no income tax uncertainties. The organization files information returns as a tax-exempt organization. Should the status be challenged in the future, all years since inception could be subject to review by the irs.

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IRS990/Desc0MSP 2017 990 PROGRAM ACCOMPLISHMENTSMAIN STREET PROJECT (MSP) MADE SIGNIFICANT STRIDES IN ALL AREAS OF OUR WORK-PRODUCTION, TRAINING, RESEARCH, REGIONAL EXPANSION AND PARTNERSHIP DEVELOPMENT - ALL BASED AROUND SUCCESSFULLY ACQUIRING OUR CENTRAL FARM AND BEGINNING TO DEMONSTRATE THE IMPACTS OF OUR MODEL AT THE FARM SCALE. WE HAVE ALSO SUCCESSFULLY LAID THE GROUNDWORK FOR THE NEXT PHASE IN OUR WORK, SUPPORTING A REGIONAL IMPLEMENTATION OF OUR MODEL THAT INCLUDES OUR CENTRAL FARM AND PARTNER FARMS FORMING A 30 PRODUCTION UNIT CLUSTER AND ACHIEVING THE SCALE NEEDED TO SUPPORT THE COOPERATIVE DEVELOPMENT OF MIDDLE INFRASTRUCTURE AND RELATED ENTERPRISES (E.G. PROCESSING, FEED, BRANDING, MARKET DEVELOPMENT).PRODUCTIONIN LATE SPRING 2017, MSP CLOSED ON A 100 ACRE SITE LOCATED IN DAKOTA COUNTY, MN THAT IS THE NEW LOCATION OF OUR CENTRAL FARM. THE CENTRAL FARM IS AN ESSENTIAL COMPONENT FOR BRINGING MSP'S REGENERATIVE MODEL TO THE NEXT LEVEL OF SCALE. WE ARE PLANNING TO BUILD SIX DEMONSTRATION AND TRAINING COOPS WHICH WILL ANCHOR OUR REGIONAL EXPANSION PLANS TO ESTABLISH A TOTAL OF 30 COOPS ON FARMS IN THE REGION (15 OF WHICH HAVE ALREADY BEEN SITED) THAT WILL BE THE CORNERSTONE OF OUR WORK DEMONSTRATING THE MODEL AT THE REGIONAL SCALE WITH RELATED INFRASTRUCTURE AND ENTERPRISES (PROCESSING, FEED, DISTRIBUTION, MARKETING).THE CENTRAL FARM'S INCREASE IN PRODUCTION CAPACITY OVER OUR DISPERSED, PROTOTYPE FACILITIES ALLOWS FOR THE EXPANSION OF ALL AREAS OF OUR WORK. BY ALLOWING FOR MORE AGRIPRENEURS TO RAISE MORE POULTRY SIMULTANEOUSLY, WE CAN SIGNIFICANTLY INCREASE OUR TRAINING CAPACITY. PROXIMITY TO OTHER AGRIPRENEURS WILL ENABLE TRAINEES TO DEVELOP A CLOSER SENSE OF COMMUNITY. ADVANCED AGRIPRENEURS WILL RAISE CHICKENS AND CROPS NEXT TO EACH OTHER, FACILITATING SHARED LEARNING AND INFORMATION SHARING. THE CENTRAL FARM WILL ALSO ALLOW FOR ONGOING MONITORING, TESTING AND INCORPORATION OF LESSONS LEARNED INTO THE MODEL ON THE GROUND.ANOTHER IMPORTANT ASPECT OF THE CENTRAL FARM IS THE OPPORTUNITY TO HAVE PERMANENT CONTROL OF THE LAND, TO CARE FOR THE LAND AND RESTORE IT, TO UNDERTAKE LONG-TERM DEVELOPMENT OF PERENNIALS, AND TO ADDRESS THE HYDROLOGY ON THE SITE IN A WAY THAT IS ONLY POSSIBLE WITH LONG-TERM OWNERSHIP. DAKOTA COUNTY HAS TAKEN GREAT INTEREST IN THE SITE'S HYDROLOGY AND THE POTENTIAL FOR THE CENTRAL FARM TO IMPROVE SOIL AND WATER QUALITY, AND WE HAVE DEVELOPED A STRONG PARTNERSHIP WITH THE COUNTY TO STUDY THE FARM'S IMPACT ON UNDERGROUND WATER FLOWS. THESE RESEARCH EFFORTS - PART OF OUR EXPANDED RESEARCH ON PLANTS, SOIL, AND WATER - ARE AT THE CORE OF MSP'S WORK CONTINUOUSLY IMPROVING OUR MODEL AND WILL BE MADE MORE ROBUST BY THE EXPANDED CAPACITY OF THE CENTRAL FARM.THROUGH THE PROCESS OF PURCHASING THE LAND, WE HAVE DEVELOPED A NEW MODEL OF OWNERSHIP AND DEVELOPED A VAST NETWORK OF PARTNERSHIPS SUPPORTING OUR WORK, INCLUDING DAKOTA COUNTY, THE MINNESOTA DEPARTMENT OF AGRICULTURE, AND OTHERS WHO WERE INVOLVED IN ACQUIRING THE LAND, BUILDING TEMPLATES FOR LONG-TERM LEASES, DEVELOPING OPERATING AGREEMENTS, AND PRODUCING THE MASTER DESIGN FOR THE FARM.IN THE PROCESS OF ACQUIRING THE FARM, WE GAINED EXPERIENCE THAT WILL BE EXTREMELY VALUABLE FOR FARMERS LOOKING TO ADOPT OUR REGENERATIVE AGRICULTURE MODEL:INNOVATIVE FINANCING STRUCTURE: BECAUSE OF THE JOINT OWNERSHIP OF THE FARM, WE DEVELOPED AN OPERATING AGREEMENT THAT TIES THE TWO OWNERS TOGETHER THROUGH LLC MANAGEMENT STRUCTURE OWNED AND OPERATED BY MSP. WE WERE ABLE TO WORK THROUGH A SET OF CONTINGENCIES BEFORE CLOSING RELATED TO ROAD ACCESS, CORPORATE FARM EXEMPTIONS, TOWNSHIP AND COUNTY PARTNERSHIPS, AND PERMITTING AND APPROVALS. THE FARM WILL BE AN OFFICIAL PILOT PROJECT OF DAKOTA COUNTY FOR RESTORING PREVIOUSLY MONOCROPPED AND DEPLETED LAND WHILE KEEPING THE LAND IN PRODUCTION.HYBRID EASEMENT: MSP IS PILOTING A HYBRID EASEMENT THAT WILL ALLOW US TO CONTINUE PRODUCING PERENNIAL CROPS, SMALL GRAINS AND VEGETABLES ON THE LAND UNDER EASEMENT USING OUR REGENERATIVE AGRICULTURE MODEL
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 FOOTNOTE FROM AUDITED FINANCIAL STATEMENTS: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THEREFORE, THE STATEMENTS DO NOT INCLUDE A PROVISION FOR INCOME TAXES. THE ORGANIZATION REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE ORGANIZATION RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF ALL POSITIONS. THE ORGANIZATION HAS IDENTIFIED NO INCOME TAX UNCERTAINTIES. THE ORGANIZATION FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THE STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WOMEN AGRIPRENEURS WHILE RAISING CHICKENS WAS SOMETIMES A FAMILY EFFORT, SEVERAL OF OUR AGRIPRENEURS WERE WOMEN. WOMEN AGRIPRENEURS ENGAGED THEIR HUSBANDS IN HELPING WITH THEIR FLOCKS, EVEN THOUGH THEY HELD PRIMARY RESPONSIBILITY. ONE WOMAN ESPECIALLY LIKED HAVING HER HUSBAND COME WITH HER TO THE COOP IN THE EVENINGS. IN ADDITION, OUR WOMEN AGRIPRENEURS TOOK THEIR CHILDREN ALONG TO THE COOP. ONE SAID RAISING THE CHICKENS WAS "NATURAL, LIKE RAISING CHILDREN AND LIKED CARING FOR THE BIRDS. RAISING CHICKENS PROVIDED AN OPPORTUNITY FOR WOMEN TO CONTRIBUTE TO THE FAMILY INCOME WITHOUT AN OUTSIDE JOB AND ALLOWED THEM TO DO SO WITHOUT REQUIRING DAYCARE (AND THE ASSOCIATED COST). WOMEN AGRIPRENEURS GAINED CONFIDENCE WITH THEIR FLOCKS AND VALUED LEARNING MORE ABOUT PROVIDING A HEALTHY DIET FOR THEIR FAMILIES. YOUTH AGRIPRENEURS SEVERAL YOUTH WERE ENGAGED IN MSP'S EGG PRODUCTION IN 2017, RESPONSIBLE FOR THE BASIC MAINTENANCE OF THE CHICKENS, FEEDING AND WATERING THEM, ENSURING THEIR HEALTH, AND COLLECTING, WASHING, AND PROCESSING THE EGGS. FOUR OF THE YOUTH PLAN TO CONTINUE FARMING AS A VOCATION. TWO HAVE SECURED ACCESS TO LAND, BUILT THEIR OWN COOP (WITH MSP SUPPORT AND MATERIALS), AND STARTED PRODUCTION. THE TRAINING THEY RECEIVED WITH MSP HAS PROVIDED THEM THE EXPERIENCE AND CONFIDENCE TO MOVE FORWARD AS INDEPENDENT PRODUCERS. MSP CONTINUES TO PROVIDE TECHNICAL AND MARKETING SUPPORT, AS WE DO WITH OUR OTHER INDEPENDENT PRODUCERS, INCLUDING NOTICES OF THE LATEST REGENERATIVE AGRICULTURE INNOVATIONS BEING EMPLOYED IN OUR MODEL. ESTABLISHED FARMERS ESTABLISHED FARMERS IN THE REGION HAVE EXPRESSED INTEREST IN OUR REGENERATIVE AGRICULTURE MODEL. THIS HAS PRESENTED AN OPPORTUNITY FOR MSP TO EXPLORE THE POSSIBILITY FOR EXPANDING SUPPORT FOR OUR MODEL VIA ENGAGEMENT OF TRADITIONAL FARMERS. INTEREST FROM ESTABLISHED FARMERS HAS BEEN STRONG, AND THIS OUTREACH IS LAYING THE FOUNDATION FOR EXPANDING A REGENERATIVE AGRICULTURE MODEL IN THE BROADER REGION. OVER THE PAST YEAR, OUTREACH HAS RESULTED IN PARTNERSHIPS WITH LOCAL FARMERS THAT WILL SITE 9 OF THE 30 COOPS WE ARE WORKING TO ESTABLISH AS OUR PRELIMINARY REGIONAL CLUSTER. ADDITIONAL OUTREACH IS CONTINUING AND NEW PARTNERSHIPS FOR SITING COOPS ARE IN PROCESS. SHARING OUR ROOTS PROGRAM MSP HAS ALSO LAUNCHED OUR SHARING OUR ROOTS COMMUNITY ENGAGEMENT PROGRAM AND EXPANDED IT THROUGH A PARTNERSHIP WITH RICE COUNTY COMMUNITY HEALTH ORGANIZATION GROWING UP HEALTHY TO BRING LOCAL LATINO FAMILIES TOGETHER TO ADDRESS THE DIET RELATED HEALTH CONCERNS IN THE COMMUNITY THROUGH COMMUNITY ENGAGEMENT, EDUCATION, AND DISTRIBUTION OF NO COST PRODUCE FROM MAIN STREET PROJECT'S REGENERATIVE AGRICULTURE ENTERPRISES. SIX PARTICIPANTS IN THE SHARING OUR ROOTS PROGRAM WENT ON TO RECEIVE MSP AGRIPRENEUR TRAINING. IN ADDITION, MSP AND GROWING UP HEALTHY PARTNERED TO ESTABLISH A NEW PROJECT, COCINA Y CAMPO, TO PROVIDE HEALTH, NUTRITION AND FOOD EDUCATION AND BUILD COMMUNITY AROUND COMMON INTERESTS IN FOOD AND AGRICULTURE, USING MSP'S CENTRAL FARM AS A HUB FOR PROJECT ACTIVITIES. IN THE COMING YEAR, WE EXPECT THAT MSP WILL GIVE 20 PRESENTATIONS REACHING 400 PEOPLE (INCLUDING SOME IN SCHOOLS), 200250 OF WHICH WILL PARTICIPATE AT THE FARM IN SPECIAL COMMUNITY BUILDING ACTIVITIES, AND THAT 80 OF THESE PARTICIPANTS, INCLUDING MULTIGENERATIONAL FAMILIES AND INDIVIDUALS, WILL BECOME MORE DEEPLY ENGAGED IN OUR MARKET GARDEN AND GROWING FOR THEIR OWN CONSUMPTION. OUTCOMES OUTCOMES FOR MAIN STREET PROJECT'S (MSP) TRAINING PARTICIPANTS INCLUDED INCREASED SKILLS DEVELOPMENT, INCOME, KNOWLEDGE OF NUTRITION, AND ACCESS TO HEALTHY FOOD. - AGRIPRENEURS WHO RAISED FLOCKS WERE ABLE TO SUPPLEMENT THEIR FAMILY INCOMES. AFTER ALL EXPENSES (INCLUDING COSTS OF CHICKS, FEED, COOP RENTAL, AND PROCESSING) AGRIPRENEURS NETTED BETWEEN $3,200 AND $5,700 PER FLOCK. - NEW AGRIPRENEURS LEARNED HOW TO RAISE AND CARE FOR CHICKENS, HOW TO IMPLEMENT THE MSP MODEL, HOW TO DO DAILY DOCUMENTATION OF RAISING AND CARING FOR THEIR FLOCK, AND HOW TO DEVELOP A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WE HAVE COME TO REALIZE THE IMPORTANCE OF OUR REGIONAL EXPANSION WORK BEING CENTERED IN THE MIDWEST, AND SPECIFICALLY IN THE DRIFTLESS AREA, A DISTINCT GEOGRAPHIC AND SOIL REGION OF "MARGINAL LANDS." HERE, FARMS REMAIN RELATIVELY SMALL DUE TO THE GEOLOGY. INTENSIVE ARTIFICIAL DRAINAGE SYSTEMS MADE AGRICULTURE FLOURISH BUT RESULTED IN SIGNIFICANT WATER QUALITY PROBLEMS AND DIMINISHED SOIL VITALITY. IT IS AN IDEAL LIVING LABORATORY. MSP'S RESEARCH FARM AND CENTRAL FARM ARE PRIME EXAMPLES OF THE REGION'S MARGINAL LANDS, AND OUR PERENNIAL BASED AND POULTRY BASED MODEL IS DESIGNED TO WORK WELL HERE. THE FARM WILL SERVE AS HUB FOR DEMONSTRATION AND TRAINING AND A CATALYST IN THE REGION. IT HAS BECOME INCREASINGLY CLEAR THAT REINTEGRATING PERENNIALS - INCLUDING FRUIT AND NUT TREES, GRASSES AND FEED GRAINS - INTO THE LANDSCAPE MUST BE A PART OF THE BROAD NITRATE MANAGEMENT STRATEGY NEEDED FOR REDUCTIONS AT THE SCALE REQUIRED TO ACHIEVE SUBSTANTIAL ENVIRONMENTAL IMPACT IN THE REGION. BUT REINTRODUCING PERENNIALS INTO AN AREA DOMINATED BY CONVENTIONAL COMMODITY AGRICULTURE IS COMPLICATED - UNCERTAIN MARKETS, LONG PRODUCTION LAGS AND BUILT-IN MARKET DISINCENTIVES MAKE IT DIFFICULT FOR FARMERS TO TRANSITION FROM CONVENTIONAL CORN AND SOY PRODUCTION. TO OVERCOME THESE HURDLES, MSP'S MODEL PROVIDES FARMERS IN THE REGION WITH A FIELD READY ROADMAP BASED TWO PRIMARY PRODUCTS - SUSTAINABLY AND HUMANELY PRODUCED POULTRY, WITH A QUICK STARTUP, STRONG MARKET AND STEADY CASH FLOW? AND WOODY PERENNIALS LIKE HAZELNUTS AND ELDERBERRIES THAT TAKE 4 TO 5 YEARS TO MATURE, BUT THEN PROVIDE MANY YEARS OF STEADY PRODUCTION AND INCOME WITH LESS FIELD WORK. OUR MODEL PROVIDES A JUMPING OFF POINT FOR DEVELOPING A REGIONAL CLUSTER OF FARMS THAT CAN BEGIN TO DEMONSTRATE IMPACTS AT SCALE. BUT CHANGE DOESN'T HAPPEN IN A VACUUM. WE HAVE BECOME ACUTELY AWARE OF SOME OF THE STRUCTURAL IMPEDIMENTS FARMERS FACE IN REINTRODUCING PERENNIAL CROPS INTO THE LANDSCAPE. DEVELOPING AND IMPLEMENTING METHODS FOR "DE-RISKING" THIS TRANSITION - REMOVING SYSTEMIC BARRIERS TO ENTRY FOR NEW AND LIMITED RESOURCE FARMERS - HAVE BECOME DEFINING COMPONENTS OF OUR WORK TO FACILITATE REPLICATION OF OUR MODEL IN THE REGION AND BEYOND. THIS INCLUDES SETTING STANDARDS, DEVELOPING MARKETS, PLANNING FOR INFRASTRUCTURE NEEDS, AND SECURING FINANCING AND INVESTMENT. IN FURTHERANCE OF THESE EFFORTS, WE DEVELOPED NEW PARTNERSHIPS IN 2017: - IROQUOIS VALLEY FARMS, LLC, TO DEVELOP A REGIONAL FINANCING PARTNERSHIP TO PROVIDE LAND ACCESS TO FARMERS IMPLEMENTING OUR POULTRY CENTERED REGENERATIVE AGRICULTURE MODEL (IROQUOIS VALLEY HAS ALSO PROVIDED MSP WITH FINANCIAL SUPPORT FROM A USDA/CONSERVATION INNOVATION GRANT THEY RECEIVED TO OFFSET OUR EARLY STAGE LAND RESTORATION EFFORTS AS PART OF A COMPREHENSIVE PROGRAM TO PLACE MORE ORGANIC FARMERS ON THE LAND) - SHARED CAPITAL COOPERATIVE, TO DEVELOP A POOL OF OPERATING LOANS FOR COOP CONSTRUCTION BY FARMERS APPLYING OUR MODEL, AND TO ESTABLISH A GROWER'S COOPERATIVE - DAKOTA COUNTY, TO PILOT A HYBRID AGRICULTURAL EASEMENT THAT WOULD ALLOW FARMERS USING OUR MODEL TO HARVEST PERENNIAL CROPS AND SMALL GRAINS FROM EXPANDED BUFFER ZONES, REDUCING THE COST AND RISK OF TRANSITIONING LAND FROM ANNUAL TO PERENNIAL PRODUCTION - LIFT ECONOMY AND COGENT CONSULTING, TO DEVELOP REGIONAL BUSINESS MODELING, COOPERATIVE GOVERNANCE/OWNERSHIP STRUCTURING AND FRANCHISING/REPLICATION EXPANSION STRATEGIES WE HAVE NOW LAID THE GROUNDWORK FOR OUR PLAN TO INCUBATE THE FIRST REGIONAL CLUSTER OF PARTICIPATING REGENERATIVE FARMS, IN COOPERATION WITH REGENERATION FARMS, LLC, THE FIRST FOR PROFIT AGGREGATOR DEDICATED TO BUILDING A MARKET PRESENCE FOR OUR REGENERATIVE PROCESS CERTIFIED PRODUCTS. OUR GOAL IS 30 PADDOCKS IN PRODUCTION WITHIN 36 MONTHS, 15 OF WHICH HAVE ALREADY BEEN SITED, WITH PARTNERSHIPS FOR THE REMAINING 15 IN DEVELOPMENT. IMPLEMENTATION PARTNERSHIPS AS WE HAVE CONTINUED TO BUILD OUT A NEW REGIONAL FOOD SYSTEM IN SOUTHEAST MINNESOTA, WE HAVE ALSO EXPANDED OUR PARTNERSHI
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS WILL HOLD A SPECIAL MEETING TO CONSIDER AND APPROVE THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONFLICT OF INTEREST FORMS ARE SIGNED BY ALL EMPLOYEES AND BOARD MEMBERS AT THE BEGINNING OF EACH FISCAL YEAR AND ARE REVIEWED DURING THE YEAR AS NEW VENDORS ARE IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PERFORMANCE REVIEWS OF THE CEO ARE PERFORMED BY THE BOARD AT LEAST BI-ANNUALLY; RELATED SALARIES ARE REVIEWED AND APPROVED ANNUALLY AS PART OF THE REGULAR REVIEW AND APPROVAL OF THE ANNUAL BUDGET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PAPER COPIES ARE KEPT ON FILE AND ARE AVAILABLE TO THE PUBLIC DURING REGULAR BUSINESS HOURS. ELECTRONIC COPIES ARE KEPT FOR DISTRIBUTION TO ELECTRONIC REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.58$0.71$0.87$0.89$1.09$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.60$0.52$1.08$0.86$1.05$0.20
2022Detailed filing. Detailed filing data is available for this year.$1.89$0.62$1.27$0.89$0.89$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.75$0.48$1.27$0.97$0.87$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.78$0.61$1.18$1.97$0.98$0.99
2019Detailed filing. Detailed filing data is available for this year.$0.87$0.68$0.19$0.65$0.76$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.72$0.31$1.20$1.00$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.71$0.10$0.56$1.04$0.48
2016Detailed filing. Detailed filing data is available for this year.$0.79$0.22$0.58$1.22$0.95$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.47$0.15$0.32$0.46$0.81$0.35
2014Detailed filing. Detailed filing data is available for this year.$0.92$0.26$0.67$0.97$0.87$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.78$0.21$0.57$0.43$0.67$0.24
2012Summary only. Only limited summary data is available for this year.$0.91$0.10$0.81$1.44$0.62$0.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.14$0.00$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.16$0.07$0.51