Civic Intelligence

Greenseam Futures

990EZ • Fiscal year 2023 • EIN 88-2909608

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 21, 2024

3 Civic Center Plaza Suite 100Mankato, MN 56001

(507) 385-6645

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.13x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.50x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

13th percentile

-38%

Higher net margin than 13% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

53rd percentile

2.5%

Faster asset growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-73%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$81,556

Up $2,023 (+2.5%) from 2022

Net Assets

Down

$70,626

Down $8,191 (-10%) from 2022

Liabilities

Up

$10,930

Up $10,214 (+1427%) from 2022

Revenue

Down

$21,745

Down $58,255 (-73%) from 2022

Expenses

Up

$29,936

Up $28,753 (+2431%) from 2022

Net Income

Down

-$8,191

Down $87,008 (-110%) from 2022

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2022: $79,533Liabilities 2022: $716Net Assets 2022: $78,8172022Assets 2023: $81,556Liabilities 2023: $10,930Net Assets 2023: $70,6262023Assets 2024: $179,845Liabilities 2024: $2,900Net Assets 2024: $176,9452024

Highlighted filing

2023

Assets$81,556
Liabilities$10,930
Net Assets$70,626

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2022: $80,000Expenses 2022: $1,183Net Income 2022: $78,8172022Revenue 2023: $21,745Expenses 2023: $29,936Net Income 2023: -$8,1912023Revenue 2024: $116,623Expenses 2024: $10,304Net Income 2024: $106,3192024

Highlighted filing

2023

Revenue$21,745
Expenses$29,936
Net Income-$8,191
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 21, 2024
Return Version
2023v5.0
Gross Receipts
$21,745
Mission and Program Overview

Mission

The organization is operated for charitable, scientific, and educational purposes, with the mission to be the gateway for southern minnesota for resources to educate, launch and grow tomorrow's agricultural and food leaders, innovators, and entrepreneurs. Greenseam futures' focus is to foster creative, meaningful collaboration with the agricultural community and educational institutions of southern minnesota, for all benefit of local students and the community at large.

Program Services

DescriptionGrantsExpenses
FROM FFA TO BEGINNING FARMER LOANS, THERE ARE A PLETHORA OF RESOURCES AVAILABLE TO STUDENTS INTERESTED IN AGRIBUSINESS AND TO AGRIBUSINESSES INTERESTED IN INNOVATION. ONE OF GREENSEAM FUTURES GOALS IS TO AVOID DUPLICATING RESOURCES ALREADY AVAILABLE TO AREA STUDENTS, AG INNOVATORS AND ENTREPRENEURS, BUT ALSO TO HELP THESE INDIVIDUALS ACTUALLY FIND THE RESOURCES THAT ARE THE BEST FIT FOR THEIR NEEDS. THE GREENSEAM GATEWAY WILL LEVERAGE GREENSEAM FUTURES EXTENSIVE KNOWLEDGE OF GOVERNMENT AND NON-PROFIT PROGRAMS AND RESOURCES, AS WELL AS ITS CONNECTIONS WITH THE AGRIBUSINESS COMMUNITY, TO HELP MATCH INDIVIDUALS AND SMALL BUSINESSES WITH THE BEST RESOURCES FOR THEIR GROWTH. GREENSEAM FUTURES PLANS TO IMPLEMENT ITS WORK-BASED LEARNING SUPPORT PROGRAM AND THE GREENSEAM GATEWAY IN ITS FIRST YEAR OF OPERATIONS. AT THE SAME TIME, GREENSEAM FUTURES WILL BE WORKING CLOSELY WITH ITS EDUCATIONAL INSTITUTION PARTNERS TO DEFINE THE FIRST PUBLIC-BENEFIT RESEARCH PROJECT, IDENTIFY FACULTY AND STUDENTS TO CONDUCT THE RESEARCH, AND TO DEVISE A FRAMEWORK FOR CLASSROOM-BUSINESS PARTNERSHIPS. THE ORGANIZATIONS GOAL IS TO BE READY TO BEGIN RESEARCH PROJECTS FROM BOTH CATEGORIES IN GREENSEAM FUTURES SECOND YEAR OF OPERATIONS.$26,960$27,645
WITH WATER BEING SUCH AN IMPORTANT NATURAL RESOURCE TO OUR REGION, YET THE QUALITY OF OUR LAKES SO POOR. THIS PROJECT BRINGS THE PRIVATE LAND OWNERS TOGETHER WITH FACULTY RESEARCHERS AND STUDENTS TO STUDY THE WATER QUALITY OF ONE OF OUR LOCAL LAKES TO LAY OUT SOME BEST PRACTICES THAT WOULD MAKE AN IMPACT OF CLEANER WATER.-$2,130
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SAM ZIEGLERPresident-$0--
GARY KOCHChair-$0--
MATT DOWNSTreasurer/Se-$0--
AARON BUDGEBoard Member-$0--
ANDREW HERRBoard Member-$0--
TJ BROWNBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Greenseam Futures
EIN
88-2909608
Phone
5073856645
Address
3 CIVIC CENTER PLAZA SUITE 100, MANKATO, MN 56001

Signing Officer

Name
Sam Ziegler
Title
President
Phone
5073856645
Signed
2024-08-21
Discuss with paid preparer
Yes

Preparer

Firm
Burkhardt & Burkhardt Ltd
Address
35 OAK AVE N BOX N, ANNANDALE, MN 55302-0139
Preparer
Jeffrey Burkhardt
Phone
3202741040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Miscellaneous income 4 total 4

Form 990-ez, Part I, Line 10

Name: minnesota state university mankato address: 228 wiecking center mankato, mn 56001 cash contribution: 26,960

Form 990-ez, Part I, Line 16

Expenses office expenses 146 total 146

Form 990-ez, Part II, Line 24

Accounts receivable 0 10,000 total 0 10,000

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 716 10,930

Form 990-ez, Part III

The organization is operated for charitable, scientific, and educational purposes, with the mission to be the gateway for southern minnesota for resources to educate, launch and grow tomorrow's agricultural and food leaders, innovators, and entrepreneurs. Greenseam futures' focus is to foster creative, meaningful collaboration with the agricultural community and educational institutions of southern minnesota, for all benefit of local students and the community at large.

Form 990-ez, Part III, Line 28

From ffa to beginning farmer loans, there are a plethora of resources available to students interested in agribusiness and to agribusinesses interested in innovation. One of greenseam futures goals is to avoid duplicating resources already available to area students, ag innovators and entrepreneurs, but also to help these individuals actually find the resources that are the best fit for their needs. The greenseam gateway will leverage greenseam futures extensive knowledge of government and non-profit programs and resources, as well as its connections with the agribusiness community, to help match individuals and small businesses with the best resources for their growth. Greenseam futures plans to implement its work-based learning support program and the greenseam gateway in its first year of operations. At the same time, greenseam futures will be working closely with its educational institution partners to define the first public-benefit research project, identify faculty and students to conduct the research, and to devise a framework for classroom-business partnerships. The organizations goal is to be ready to begin research projects from both categories in greenseam futures second year of operations.

Form 990-ez, Part III, Line 29

With water being such an important natural resource to our region, yet the quality of our lakes so poor. This project brings the private land owners together with faculty researchers and students to study the water quality of one of our local lakes to lay out some best practices that would make an impact of cleaner water.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISCELLANEOUS INCOME 4 TOTAL 4
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NAME: MINNESOTA STATE UNIVERSITY MANKATO ADDRESS: 228 WIECKING CENTER MANKATO, MN 56001 CASH CONTRIBUTION: 26,960
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES OFFICE EXPENSES 146 TOTAL 146
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS RECEIVABLE 0 10,000 TOTAL 0 10,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 716 10,930
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION IS OPERATED FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES, WITH THE MISSION TO BE THE GATEWAY FOR SOUTHERN MINNESOTA FOR RESOURCES TO EDUCATE, LAUNCH AND GROW TOMORROW'S AGRICULTURAL AND FOOD LEADERS, INNOVATORS, AND ENTREPRENEURS. GREENSEAM FUTURES' FOCUS IS TO FOSTER CREATIVE, MEANINGFUL COLLABORATION WITH THE AGRICULTURAL COMMUNITY AND EDUCATIONAL INSTITUTIONS OF SOUTHERN MINNESOTA, FOR ALL BENEFIT OF LOCAL STUDENTS AND THE COMMUNITY AT LARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FROM FFA TO BEGINNING FARMER LOANS, THERE ARE A PLETHORA OF RESOURCES AVAILABLE TO STUDENTS INTERESTED IN AGRIBUSINESS AND TO AGRIBUSINESSES INTERESTED IN INNOVATION. ONE OF GREENSEAM FUTURES GOALS IS TO AVOID DUPLICATING RESOURCES ALREADY AVAILABLE TO AREA STUDENTS, AG INNOVATORS AND ENTREPRENEURS, BUT ALSO TO HELP THESE INDIVIDUALS ACTUALLY FIND THE RESOURCES THAT ARE THE BEST FIT FOR THEIR NEEDS. THE GREENSEAM GATEWAY WILL LEVERAGE GREENSEAM FUTURES EXTENSIVE KNOWLEDGE OF GOVERNMENT AND NON-PROFIT PROGRAMS AND RESOURCES, AS WELL AS ITS CONNECTIONS WITH THE AGRIBUSINESS COMMUNITY, TO HELP MATCH INDIVIDUALS AND SMALL BUSINESSES WITH THE BEST RESOURCES FOR THEIR GROWTH. GREENSEAM FUTURES PLANS TO IMPLEMENT ITS WORK-BASED LEARNING SUPPORT PROGRAM AND THE GREENSEAM GATEWAY IN ITS FIRST YEAR OF OPERATIONS. AT THE SAME TIME, GREENSEAM FUTURES WILL BE WORKING CLOSELY WITH ITS EDUCATIONAL INSTITUTION PARTNERS TO DEFINE THE FIRST PUBLIC-BENEFIT RESEARCH PROJECT, IDENTIFY FACULTY AND STUDENTS TO CONDUCT THE RESEARCH, AND TO DEVISE A FRAMEWORK FOR CLASSROOM-BUSINESS PARTNERSHIPS. THE ORGANIZATIONS GOAL IS TO BE READY TO BEGIN RESEARCH PROJECTS FROM BOTH CATEGORIES IN GREENSEAM FUTURES SECOND YEAR OF OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WITH WATER BEING SUCH AN IMPORTANT NATURAL RESOURCE TO OUR REGION, YET THE QUALITY OF OUR LAKES SO POOR. THIS PROJECT BRINGS THE PRIVATE LAND OWNERS TOGETHER WITH FACULTY RESEARCHERS AND STUDENTS TO STUDY THE WATER QUALITY OF ONE OF OUR LOCAL LAKES TO LAY OUT SOME BEST PRACTICES THAT WOULD MAKE AN IMPACT OF CLEANER WATER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/ReturnTs02024-08-21T12:05:06-04:00
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