Civic Intelligence

Minnesota Grain and Feed Association

990 • Fiscal year 2023 • EIN 41-0248640

Oct 01, 2022 to Sep 30, 2023 • Filed on Mar 19, 2024

Organization ProfileWWW.MGFA.ORG

View Organization Page

1407 1st St NENew Prague, MN 56071

(651) 454-8212

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.44x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

90th percentile

0.54x

Higher debt load relative to revenue than 90% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

45th percentile

1.8%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

47th percentile

3.5%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

11th percentile

-15%

Faster revenue growth than 11% of similar nonprofits.

2023 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$546,385

Up $18,552 (+3.5%) from 2022

Net Assets

Up

$308,030

Up $34,590 (+13%) from 2022

Liabilities

Down

$238,355

Down $16,038 (-6.3%) from 2022

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin45th percentile

Revenue

Down

$445,293

Down $76,554 (-15%) from 2022

Expenses

Down

$437,255

Down $161,619 (-27%) from 2022

Net Income

Up

$8,038

Up $85,065 (+110%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$800K$600K$400K$200K$0Assets 2011: $532,573Liabilities 2011: $19,110Net Assets 2011: $513,4632011Assets 2012: $644,629Liabilities 2012: $83,436Net Assets 2012: $561,1932012Assets 2013: $535,263Liabilities 2013: $25,795Net Assets 2013: $509,4682013Assets 2014: $518,869Liabilities 2014: $46,481Net Assets 2014: $472,3882014Assets 2015: $477,348Liabilities 2015: $49,384Net Assets 2015: $427,9642015Assets 2016: $494,913Liabilities 2016: $79,254Net Assets 2016: $415,6592016Assets 2017: $533,421Liabilities 2017: $108,959Net Assets 2017: $424,4622017Assets 2018: $499,008Liabilities 2018: $82,430Net Assets 2018: $416,5782018Assets 2019: $437,173Liabilities 2019: $44,411Net Assets 2019: $392,7622019Assets 2020: $486,171Liabilities 2020: $46,172Net Assets 2020: $439,9992020Assets 2021: $641,566Liabilities 2021: $169,792Net Assets 2021: $471,7742021Assets 2022: $527,833Liabilities 2022: $254,393Net Assets 2022: $273,4402022Assets 2023: $546,385Liabilities 2023: $238,355Net Assets 2023: $308,0302023Assets 2024: $721,092Liabilities 2024: $228,597Net Assets 2024: $492,4952024Assets 2025: $717,448Liabilities 2025: $126,084Net Assets 2025: $591,3642025

Highlighted filing

2023

Assets$546,385
Liabilities$238,355
Net Assets$308,030
Open 2023 Filing

Operations Trend

Revenue Growth11th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $386,1402011Expenses 2012: $400,1532012Revenue 2013: $330,268Expenses 2013: $418,250Net Income 2013: -$87,9822013Revenue 2014: $506,929Expenses 2014: $572,110Net Income 2014: -$65,1812014Revenue 2015: $590,264Expenses 2015: $568,260Net Income 2015: $22,0042015Revenue 2016: $635,738Expenses 2016: $641,883Net Income 2016: -$6,1452016Revenue 2017: $613,853Expenses 2017: $618,913Net Income 2017: -$5,0602017Revenue 2018: $602,850Expenses 2018: $629,482Net Income 2018: -$26,6322018Revenue 2019: $610,265Expenses 2019: $635,579Net Income 2019: -$25,3142019Revenue 2020: $536,194Expenses 2020: $529,913Net Income 2020: $6,2812020Revenue 2021: $452,350Expenses 2021: $445,271Net Income 2021: $7,0792021Revenue 2022: $521,847Expenses 2022: $598,874Net Income 2022: -$77,0272022Revenue 2023: $445,293Expenses 2023: $437,255Net Income 2023: $8,0382023Revenue 2024: $445,089Expenses 2024: $433,814Net Income 2024: $11,2752024Revenue 2025: $464,791Expenses 2025: $436,723Net Income 2025: $28,0682025

Highlighted filing

2023

Revenue$445,293
Expenses$437,255
Net Income$8,038
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Mar 19, 2024
Return Version
2022v5.0
Gross Receipts
$485,904
Mission and Program Overview

Mission

The mission of the minnesota grain and feed association is to serve the agribusiness industry with integrity, respect and innovation in its programs and services.

Association organized to promote the grain elevator industry and provide education relevant to the industry.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$458,605$491,133▲ $32,528
Cash and Non-Interest-Bearing Accounts$50,300$30,365▼ $19,935
Savings and Temporary Cash Investments$7,529$8,559▲ $1,030
Accounts Receivable$8,914$7,414▼ $1,500
Prepaid Expenses and Deferred Charges$2,485$3,153▲ $668
Total Assets$527,833$546,385▲ $18,552
Other Assets Total-$5,761-
Liabilities
Unsecured Notes Loans Payable$199,318$195,802▼ $3,516
Deferred Revenue$35,747$34,121▼ $1,626
Accounts Payable and Accrued Expenses$16,097$8,432▼ $7,665
Other Liabilities$3,231--
Total Liabilities$254,393$238,355▼ $16,038
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$268,392$302,962▲ $34,570
Net Assets With Donor Restrictions$5,048$5,068▲ $20
Total Net Assets Fund Balance$273,440$308,030▲ $34,590
Total Liabilities and Net Assets / Fund Balance$527,833$546,385▲ $18,552
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Dave EstremPresident
Brian YagerDirector
Cheryl SimpsonDirector
Lee BeerDirector
Ryan KelbrantsDirector
Mark HerbergSecretary
Bob HeimTreasurer
James HardyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$42,770
Program Service Revenue
$298,804
Investment Income
$45,986
Other Revenue
$57,733
All Other Contributions
$42,770
Change in Net Assets
$8,038

Audited Revenue Reconciliation

Revenue per Audited Statements
$440,049
Revenue Not Reported on Financial Statements
$5,244
Revenue Not Reported on Form 990
$31,796
Total Revenue per Audited Statements
$471,845
Total Revenue per Form 990
$445,293
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$215,820
Other Expenses$212,435
Total Fundraising Expense$34,916
Grants and Similar Amounts Paid$9,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,001$58,655$22,345$162,001
Conferences and Meetings$36,908$3,117-$40,025
Other Employee Benefits$13,612$9,857$3,756$27,225
Occupancy$15,923$1,991$1,991$19,905
Office Expenses$13,850$3,114$1,530$18,494
Pension Plan Contributions$6,976$5,053$1,925$13,954
Payroll Taxes$6,321$4,576$1,743$12,640
Insurance$6,545$3,272$1,091$10,908
Advertising$8,222--$8,222
Other Expenses$13,032$7,052-$7,052
Grants to Domestic Orgs$7,000--$7,000
Fees for Services Accounting-$6,115-$6,115
Fees for Services Other-$5,400-$5,400
Information Technology$3,494$437$437$4,368
Travel$2,530$282-$2,812
Grants to Domestic Individuals$2,000--$2,000
All Other Expenses$-15,823-$98$-15,725
Total Functional Expenses$293,418$108,921$34,916$437,255

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$437,255
Total Expenses per Audited Statements$437,255
Total Expenses per Form 990$437,255
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Minnesota Ffa FoundationPlainview, MN501(c)Ag Education Program$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 6

“The organization is a trade association made up of members involved in the grain industry.”

Form 990, Page 6, Part VI, Line 7A

“The board of directors is elected by the membership annually.”

Form 990, Page 6, Part VI, Line 11B

“An electronic copy of the form 990 is provided to the board members for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“The compensation for the only compensated officer, the executive director, is determined by the board of directors by comparison to compensation provided to executives of similar organizations.”

Form 990, Page 6, Part VI, Line 15B

“The compensation for the only compensated officer, the executive director, is determined by the board of directors by comparison to compensation provided to executives of similar organizations.”

Form 990, Page 6, Part VI, Line 18

“The organization's tax records are provided upon written request made at the organization's office.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are provided upon written request made at the organization's office.”

Filing and Contact Details

Filer

Filer Name
Minnesota Grain & Feed Association
EIN
41-0248640
Phone
6514548212
Address
1407 1ST ST NE, NEW PRAGUE, MN 56071

Signing Officer

Name
Laura Lemke
Title
Executive Director
Phone
9527583999
Signed
2024-03-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Lemke
Formed
1933
Legal Domicile
Mn
Voting Board Members
8
Independent Board Members
8
Employees
4

Preparer

Firm
Carlsonsv Llp
Address
1321 NORTH BROADWAY PO BOX 725, NEW ULM, MN 56073-0725
Preparer
Jacob R Holm CPA
Phone
5072988760
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Readership costs associated with the unrelated business income in connection with the organization's publication income.”

Raw XML AppendixShowing 400 of 425 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherRevenueMiscGrp/Desc0YEARBOOK AND MAGAZINE
IRS990/OtherRevenueMiscGrp/Desc1OTHER REVENUE
IRS990/OtherRevenueMiscGrp/Desc2DIRECTORY SALES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt07612
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt049620
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17612
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2501
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt049620
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt1501
IRS990/OtherRevenueTotalAmt057733
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022345
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt058655
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt081001
IRS990/OtherSalariesAndWagesGrp/TotalAmt0162001
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IRS990/PayrollTaxesGrp/FundraisingAmt01743
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04576
IRS990/PayrollTaxesGrp/ProgramServicesAmt06321
IRS990/PayrollTaxesGrp/TotalAmt012640
IRS990/PensionPlanContributionsGrp/FundraisingAmt01925
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05053
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt06976
IRS990/PensionPlanContributionsGrp/TotalAmt013954
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02485
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03153
IRS990/PrincipalOfficerNm0LAURA LEMKE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0524298
IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
IRS990/ProgramServiceRevenueGrp/BusinessCd2611430
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc1INSURANCE PROGRAMS
IRS990/ProgramServiceRevenueGrp/Desc2CONVENTIONS
IRS990/ProgramServiceRevenueGrp/Desc3EDUCATIONAL PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0134111
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt145451
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt215323
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0134111
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1103919
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315323
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0103919
IRS990/ProgSrvcAccomActy2Grp/Desc0PROGRAMS FOR MEMBERS INCLUDE GRAIN GRADING SCHOOL AND SAFETY AND HEALTH WORKSHOPS.
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ANNUAL CONVENTION IS OPEN TO ALL MEMBERS AND FEATURES A VARIETY OF EDUCATIONAL AND INFORMATIONAL PRESENTATIONS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0READERSHIP COSTS ASSOCIATED WITH THE UNRELATED BUSINESS INCOME IN CONNECTION WITH THE ORGANIZATION'S PUBLICATION INCOME.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt048510
IRS990/PYGrantsAndSimilarPaidAmt07000
IRS990/PYInvestmentIncomeAmt041626
IRS990/PYOtherExpensesAmt0304456
IRS990/PYOtherRevenueAmt061814
IRS990/PYProgramServiceRevenueAmt0369897
IRS990/PYRevenuesLessExpensesAmt0-77027
IRS990/PYSalariesCompEmpBnftPaidAmt0287418
IRS990/PYTotalExpensesAmt0598874
IRS990/PYTotalRevenueAmt0521847
IRS990/ReconcilationRevenueExpnssAmt08038
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07529
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08559
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/AgreeCarryoverPriorYearInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0437255
IRS990ScheduleD/InvestmentExpensesNotIncldAmt05244
IRS990ScheduleD/NetUnrealizedGainsInvstAmt031796
IRS990ScheduleD/RevenueNotReportedAmt031796
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt05244
IRS990ScheduleD/RevenueSubtotalAmt0440049
IRS990ScheduleD/TotalExpensesPerForm990Amt0437255
IRS990ScheduleD/TotalRevenuePerForm990Amt0445293
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0471845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0437255
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt07000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AG EDUCATION PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MINNESOTA FFA FOUNDATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 365
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PLAINVIEW
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd055964
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0READERSHIP COSTS ASSOCIATED WITH THE UNRELATED BUSINESS INCOME IN CONNECTION WITH THE ORGANIZATION'S PUBLICATION INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS A TRADE ASSOCIATION MADE UP OF MEMBERS INVOLVED IN THE GRAIN INDUSTRY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION FOR THE ONLY COMPENSATED OFFICER, THE EXECUTIVE DIRECTOR, IS DETERMINED BY THE BOARD OF DIRECTORS BY COMPARISON TO COMPENSATION PROVIDED TO EXECUTIVES OF SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION FOR THE ONLY COMPENSATED OFFICER, THE EXECUTIVE DIRECTOR, IS DETERMINED BY THE BOARD OF DIRECTORS BY COMPARISON TO COMPENSATION PROVIDED TO EXECUTIVES OF SIMILAR ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION'S TAX RECORDS ARE PROVIDED UPON WRITTEN REQUEST MADE AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE PROVIDED UPON WRITTEN REQUEST MADE AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0527833
IRS990/TotalAssetsEOYAmt0546385
IRS990/TotalAssetsGrp/BOYAmt0527833
IRS990/TotalAssetsGrp/EOYAmt0546385
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt042770
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt034916
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0108921
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0293418
IRS990/TotalFunctionalExpensesGrp/TotalAmt0437255
IRS990/TotalGrossUBIAmt0154040
IRS990/TotalLiabilitiesBOYAmt0254393
IRS990/TotalLiabilitiesEOYAmt0238355
IRS990/TotalLiabilitiesGrp/BOYAmt0254393
IRS990/TotalLiabilitiesGrp/EOYAmt0238355
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0273440
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0308030
IRS990/TotalProgramServiceRevenueAmt0298804
IRS990/TotalRevenueGrp/ExclusionAmt06191
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0242292
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0445293
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0154040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0527833
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0546385
IRS990/TravelGrp/ManagementAndGeneralAmt0282
IRS990/TravelGrp/ProgramServicesAmt02530
IRS990/TravelGrp/TotalAmt02812
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0199318
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0195802
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.MGFA.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA LEMKE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09527583999
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA GRAIN & FEED ASSOCIATION

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$546,385
Liabilities
$238,355
Net assets
$308,030
Revenue
$445,293
Expenses
$437,255
Net income
$8,038
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$7.17$1.26$5.91$4.65$4.37$0.28
2024Detailed filing. Detailed filing data is available for this year.$7.21$2.29$4.92$4.45$4.34$0.11
2023Detailed filing. Detailed filing data is available for this year.$5.46$2.38$3.08$4.45$4.37$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$2.54$2.73$5.22$5.99$0.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.42$1.70$4.72$4.52$4.45$0.07
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.86$0.46$4.40$5.36$5.30$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.37$0.44$3.93$6.10$6.36$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.99$0.82$4.17$6.03$6.29$0.27
2017Detailed filing. Detailed filing data is available for this year.$5.33$1.09$4.24$6.14$6.19$0.05
2016Detailed filing. Detailed filing data is available for this year.$4.95$0.79$4.16$6.36$6.42$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.77$0.49$4.28$5.90$5.68$0.22
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.19$0.46$4.72$5.07$5.72$0.65
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.35$0.26$5.09$3.30$4.18$0.88
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.45$0.83$5.61$4.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.33$0.19$5.13$3.86