Civic Intelligence

Minnesota Nursery Research Corporation

EIN 41-6036315 • 501(c)5 • Newport, MN

Profile

Encourage the development of new varieties of fruit and ornamental plants by supporting plant-breeding work at the university of minnesota.

1325 Bailey RoadNewport, MN 55055

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • <$500k nonprofits • Source year 2024

Net Margin

87th percentile

30%

Higher net margin than 87% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

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

501(c)5 • <$500k nonprofits • Source year 2024

Asset Growth

93rd percentile

40%

Faster asset growth than 93% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

42%

Faster revenue growth than 93% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$86,618

Up $24,898 (+40%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$86,618

Up $24,898 (+40%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin87th percentile

Revenue

Up

$82,761

Up $24,324 (+42%) from 2023

Expenses

Down

$57,863

Down $29,741 (-34%) from 2023

Net Income

Up

$24,898

Up $54,065 (+185%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2010: $101,598Liabilities 2010: $0Net Assets 2010: $101,5982010Assets 2011: $110,148Liabilities 2011: $0Net Assets 2011: $110,1482011Assets 2012: $102,452Liabilities 2012: $0Net Assets 2012: $102,4522012Assets 2013: $114,261Liabilities 2013: $0Net Assets 2013: $114,2612013Assets 2014: $113,331Liabilities 2014: $0Net Assets 2014: $113,3312014Assets 2015: $79,368Liabilities 2015: $0Net Assets 2015: $79,3682015Assets 2016: $49,826Liabilities 2016: $0Net Assets 2016: $49,8262016Assets 2017: $50,833Liabilities 2017: $0Net Assets 2017: $50,8332017Assets 2021: $58,382Liabilities 2021: $0Net Assets 2021: $58,3822021Assets 2022: $90,887Liabilities 2022: $0Net Assets 2022: $90,8872022Assets 2023: $61,720Liabilities 2023: $0Net Assets 2023: $61,7202023Assets 2024: $86,618Liabilities 2024: $0Net Assets 2024: $86,6182024

Highlighted filing

2024

Assets$86,618
Liabilities$0
Net Assets$86,618
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2010: $36,115Expenses 2010: $60,649Net Income 2010: -$24,5342010Revenue 2011: $59,272Expenses 2011: $50,722Net Income 2011: $8,5502011Revenue 2012: $45,668Expenses 2012: $53,364Net Income 2012: -$7,6962012Revenue 2013: $64,556Expenses 2013: $52,747Net Income 2013: $11,8092013Revenue 2014: $59,756Expenses 2014: $60,686Net Income 2014: -$9302014Revenue 2015: $47,437Expenses 2015: $81,400Net Income 2015: -$33,9632015Revenue 2016: $46,314Expenses 2016: $75,856Net Income 2016: -$29,5422016Revenue 2017: $46,747Expenses 2017: $45,740Net Income 2017: $1,0072017Revenue 2021: $54,391Expenses 2021: $44,366Net Income 2021: $10,0252021Revenue 2022: $92,285Expenses 2022: $59,780Net Income 2022: $32,5052022Revenue 2023: $58,437Expenses 2023: $87,604Net Income 2023: -$29,1672023Revenue 2024: $82,761Expenses 2024: $57,863Net Income 2024: $24,8982024

Highlighted filing

2024

Revenue$82,761
Expenses$57,863
Net Income$24,898
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,618
Liabilities
$0
Net assets
$86,618
Revenue
$82,761
Expenses
$57,863
Net income
$24,898
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.00$0.87$0.83$0.58$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$0.58$0.88$0.29
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$0.92$0.60$0.33
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.58$0.00$0.58$0.54$0.44$0.10
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.00$0.51$0.47$0.46$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.50$0.00$0.50$0.46$0.76$0.30
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.47$0.81$0.34
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.60$0.61$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.65$0.53$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.46$0.53$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.10$0.00$1.10$0.59$0.51$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.00$1.02$0.36$0.61$0.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$82,761
Mission and Program Overview

Mission

Encourage the development of new varieties of fruit and ornamental plants by supporting plant-breeding work at the university of minnesota.

Encourage the development of new varieties of fruit and ornamental plants by supporting plant-breeding work at the unversity of minnesota.

Program Services

DescriptionGrantsExpenses
COLLECTION OF MONIES FROM VOLUNTARY CONTRIBUTIONS GIVEN BY NURSERY GROWERS FOR SPECIFIC UNIVERSITY OF MINNESOTA PLANT INTRODUCTIONS, AND THEN DONATE THAT MONEY TO THE UNIVERSITY'S HORTICULTURE DEPT.$57,000$57,000
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
PATRICK BAILEYPresident-$0--
PENNY AGUIRREVice-President-$0--
DOUG DANIELSENSecretary/Treasurer-$0--
BARB DUNSMOREDirector-$0--
DEAN ENGLEMANNDirector-$0--
DAN MCENANEYDirector-$0--
JAYNE ROBERTSDirector-$0--
Filing and Contact Details

Filer

Filer Name
Minnesota Nursery Research Corporation
EIN
41-6036315
Phone
6517683340
Address
1325 BAILEY ROAD, NEWPORT, MN 55055

Signing Officer

Name
Patrick Bailey
Title
President
Phone
6517683340
Signed
2025-05-12
Discuss with paid preparer
Yes

Preparer

Firm
Akins Henke and Company
Address
600 INWOOD AVENUE NORTH SUITE 140, OAKDALE, MN 55128
Preparer
Chris J Henke
Phone
6516363806
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 58.”

Form 990-ez, Part I, Line 8 - Other Revenue

“Description: royalties. Amount: 82,703.”

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity classification: horticulture research and development. Grantee name: university of minnesota. Grantee address: 1970 folwell ave st. Paul, mn 55108. Grantee relationship: none. Property description: cash. Amount given: 57,000.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: bank service fees. Amount: 18.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: royalties receivable. Beg. Of year amount: 3,710. End of year amount: 19,227.”

Raw XML Appendix140 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PATRICK BAILEY
IRS990EZ/BooksInCareOfDetail/PhoneNum06517683340
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01325 BAILEY ROAD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEWPORT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd055055
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt058010
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt067391
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt024898
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0845
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt061720
IRS990EZ/Form990TotalAssetsGrp/EOYAmt086618
IRS990EZ/GrantsAndSimilarAmountsPaidAmt057000
IRS990EZ/GrossReceiptsAmt082761
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InvestmentIncomeAmt058
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt061720
IRS990EZ/NetAssetsOrFundBalancesEOYAmt086618
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt061720
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt086618
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt50.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt60.10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PATRICK BAILEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PENNY AGUIRRE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DOUG DANIELSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BARB DUNSMORE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DEAN ENGLEMANN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DAN MCENANEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JAYNE ROBERTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt03710
IRS990EZ/OtherAssetsTotalDetail/EOYAmt019227
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt018
IRS990EZ/OtherRevenueTotalAmt082703
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0ENCOURAGE THE DEVELOPMENT OF NEW VARIETIES OF FRUIT AND ORNAMENTAL PLANTS BY SUPPORTING PLANT-BREEDING WORK AT THE UNVERSITY OF MINNESOTA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0COLLECTION OF MONIES FROM VOLUNTARY CONTRIBUTIONS GIVEN BY NURSERY GROWERS FOR SPECIFIC UNIVERSITY OF MINNESOTA PLANT INTRODUCTIONS, AND THEN DONATE THAT MONEY TO THE UNIVERSITY'S HORTICULTURE DEPT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt057000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt057000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MN
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt057863
IRS990EZ/TotalProgramServiceExpensesAmt057000
IRS990EZ/TotalRevenueAmt082761
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 58.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ROYALTIES. AMOUNT: 82,703.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: HORTICULTURE RESEARCH AND DEVELOPMENT. GRANTEE NAME: UNIVERSITY OF MINNESOTA. GRANTEE ADDRESS: 1970 FOLWELL AVE ST. PAUL, MN 55108. GRANTEE RELATIONSHIP: NONE. PROPERTY DESCRIPTION: CASH. AMOUNT GIVEN: 57,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: BANK SERVICE FEES. AMOUNT: 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ROYALTIES RECEIVABLE. BEG. OF YEAR AMOUNT: 3,710. END OF YEAR AMOUNT: 19,227.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PATRICK BAILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06517683340
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MINNESOTA NURSERY RESEARCH CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MINN
ReturnHeader/Filer/EIN0416036315
ReturnHeader/Filer/PhoneNum06517683340
ReturnHeader/Filer/USAddress/AddressLine1Txt01325 BAILEY ROAD
ReturnHeader/Filer/USAddress/CityNm0NEWPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055055
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0463220328
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AKINS HENKE AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0600 INWOOD AVENUE NORTH SUITE 140
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0OAKDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055128
ReturnHeader/PreparerPersonGrp/PhoneNum06516363806
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRIS J HENKE
ReturnHeader/ReturnTs02025-05-13T13:53:19-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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