Form 990, Part VI, Section B, Line 11B
“The 990 is reviewed by the governing board before filing.”
990 • Fiscal year 2023 • EIN 45-3657539
Scores are not available for this record yet.
Assets
Flat$5,217,667
Flat from 2023
Net Assets
Flat$5,203,582
Flat from 2023
Liabilities
Flat$14,085
Flat from 2023
Revenue
Flat$148,525
Flat from 2023
Expenses
Flat$136,290
Flat from 2023
Net Income
Flat$12,235
Flat from 2023
This foundation is organized exclusively for charitable, scientific, and educational purposes. The purpose of this corporation is to support the continuing education programs of the grain elevator and processing society and the professional development of its members.
The grain elevator and processing society (geaps) foundation (the foundation)is a nonprofit exempt charitable corporation whose purpose is to support the continuing education programs of the grain elevator and processing society.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $4,598,035 | $5,172,525 | ▲ $574,490 |
| Cash and Non-Interest-Bearing Accounts | $391,408 | $45,142 | ▼ $346,266 |
| Total Assets | $4,989,443 | $5,217,667 | ▲ $228,224 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $9,716 | $14,085 | ▲ $4,369 |
| Total Liabilities | $9,716 | $14,085 | ▲ $4,369 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $4,800,384 | $4,983,114 | ▲ $182,730 |
| Net Assets With Donor Restrictions | $179,343 | $220,468 | ▲ $41,125 |
| Total Net Assets Fund Balance | $4,979,727 | $5,203,582 | ▲ $223,855 |
| Total Liabilities and Net Assets / Fund Balance | $4,989,443 | $5,217,667 | ▲ $228,224 |
| Name | Title |
|---|---|
| Mark Fedje | Board Chair |
| Darren Zink | Board President |
| Barbara Grove | Board Director |
| Brandi Miller | Board Director |
| David Krejci | Board Director |
| Jeff Jones | Board Director |
| Jeff Roumph | Board Director |
| Mark Avery | Board Director |
| Marus Neal | Board Director |
| Steve Myers | Board Director |
| Vincent Marze | Board Director |
| Erica Venancio | Executive Director |
| Robert Taylor | Secretary |
| Tim Sullivan | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $136,290 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | - | $88,646 | - | $88,646 |
| Fees for Service Investment Mgmnt Fees | - | $31,066 | - | $31,066 |
| Fees for Services Accounting | - | $13,000 | - | $13,000 |
| Fees for Services Legal | - | $2,077 | - | $2,077 |
| Insurance | - | $931 | - | $931 |
| Advertising | - | $544 | - | $544 |
| Other Expenses | - | $26 | - | $26 |
| Total Functional Expenses | $0 | $136,290 | $0 | $136,290 |
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $136,290 |
| Expenses per Audited Statements | $105,224 |
| Total Expenses per Audited Statements | $105,224 |
| Expenses Not Reported on Financial Statements | $31,066 |
| Other Expense Adjustments | $31,066 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The 990 is reviewed by the governing board before filing.”
“At the beginning of each board meeting the conflict of interest policy is review. New members sign policy.”
“The information is available upon request.”
“The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code. As a result, the foundation does not pay federal income tax. Therefore, no provision or liability for federal income taxes has been included in the financial statements. Management has determined that the foundation does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures. The foundation's federal informational returns are subject to examination by the irs, generally for three years after they were filed.”
“INVESTMENT FEES 31,066.”
“INVESTMENT FEES 31,066.”
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/ActivityOrMissionDesc | 0 | THE GRAIN ELEVATOR AND PROCESSING SOCIETY (GEAPS) FOUNDATION (THE FOUNDATION)IS A NONPROFIT EXEMPT CHARITABLE CORPORATION WHOSE PURPOSE IS TO SUPPORT THE CONTINUING EDUCATION PROGRAMS OF THE GRAIN ELEVATOR AND PROCESSING SOCIETY. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | OBTAINED PROOF THAT THE ORGANIZATION IT SUPPORTS IS A 501(C)6 BY OBTAINING A COPY OF THE IRS EXEMPTION LETTER. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 1 | NO SUPPORT WAS GIVEN IN THIS FISCAL YEAR. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A PART IV SECTION A QUESTION 3B |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 1 | SCHEDULE A PART IV SECTION A QUESTION 3C |
| IRS990ScheduleA/IRSWrittenDeterminationInd | 0 | X |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 366101799 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 7 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | GRAIN ELEVATOR AND PROCESSING SOCIETY |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 31066 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 105224 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 211620 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 31066 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | 31066 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 211620 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 31066 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 117459 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A RESULT, THE FOUNDATION DOES NOT PAY FEDERAL INCOME TAX. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS DETERMINED THAT THE FOUNDATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. THE FOUNDATION'S FEDERAL INFORMATIONAL RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | INVESTMENT FEES 31,066. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | INVESTMENT FEES 31,066. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
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| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 136290 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 148525 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 329079 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 105224 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 990 IS REVIEWED BY THE GOVERNING BOARD BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | AT THE BEGINNING OF EACH BOARD MEETING THE CONFLICT OF INTEREST POLICY IS REVIEW. NEW MEMBERS SIGN POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE INFORMATION IS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
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| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
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| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
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| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | KANSAS CITY |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | MO |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 64069 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 366101799 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501(C)6 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | PROFESSIONAL DEVELOPMENT AND NETWORKING FOR GRAIN INDUSTRY OPERATORS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 4800 OLSON MEMORIAL HWY STE 150 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | GOLDEN VALLEY |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 55422 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | FMV |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | GRAIN ELEVATOR AND PROCESSING SOCIETY |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | M |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | 0 |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 4989443 |
| IRS990/TotalAssetsEOYAmt | 0 | 5217667 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 4989443 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 5217667 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 25000 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 136290 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 136290 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 9716 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 14085 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 9716 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 14085 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.