Totals
- Total revenue
- $329,446
- Total expenses
- $374,494
- Contributions and grants received
- $101,449
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $207,997
- Other revenue
- $20,000
- Total assets, end of year
- $9,210,612
- Total liabilities, end of year
- $15,923
- Net assets or fund balances, end of year
- $9,194,689
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $347,707
- Fundraising expenses
- $26,787
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$101,449
-
3 · Investment income
total $207,880 · excluded $207,880
-
6a · Gross rents
real property $20,000
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $20,000
-
6d · Net rental income or loss
total $20,000 · related or exempt $20,000
-
7a · Gross sales of assets other than inventory
securities $131,250
-
7b · Less cost or other basis and sales expenses
securities $131,133
-
7c · Gain or loss
securities $117
-
7d · Net gain or loss
total $117 · excluded $117
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $16,510 · fundraising $16,510
-
9 · Other employee benefits
total $7,717 · fundraising $7,717
-
11a · Fees: management
total $7,159 · management and general $5,913 · fundraising $1,246
-
11b · Fees: legal
total $7,000 · management and general $7,000
-
11c · Fees: accounting
total $2,675 · management and general $2,675
-
13 · Office expenses
total $3,588 · management and general $3,588
-
17 · Travel
total $1,314 · fundraising $1,314
-
21 · Payments to affiliates
total $324,687 · management and general $324,687
-
23 · Insurance
total $3,844 · management and general $3,844
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,709 · end of year $9,000
-
2 · Savings and temporary cash investments
beginning of year $37,157 · end of year $44,121
-
9 · Prepaid expenses and deferred charges
beginning of year $3,770 · end of year $3,768
-
11 · Investments: publicly traded securities
beginning of year $7,322,294 · end of year $8,729,068
-
12 · Investments: other securities
beginning of year $244,800
-
15 · Other assets
beginning of year $526,295 · end of year $424,655
-
17 · Accounts payable and accrued expenses
beginning of year $85,648 · end of year $10,891
-
25 · Other liabilities
beginning of year $5,371 · end of year $5,032
-
27 · Net assets without donor restrictions
beginning of year $4,500,926 · end of year $5,649,609
-
28 · Net assets with donor restrictions
beginning of year $3,545,080 · end of year $3,545,080
Mission and programs · 2023
Mission
TO SOLICIT AND HOLD ENDOWMENT FUNDS. THE INCOME IS USED TO SUPPORT THE PROGRAMS OF THE CENTER FOR RURAL AFFAIRS.
-
TO SOLICIT AND HOLD ENDOWMENT FUNDS. THE INCOME IS USED TO SUPPORT THE PROGRAMS OF THE CENTER FOR RURAL AFFAIRS.
Revenue $20,000
As filed on the 2023 return.
Listed in Part VII
-
Gary PetersonGARY PETERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
Audrey Lutz MusilekAUDREY LUTZ MUSILEK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Mark GustafsonMARK GUSTAFSON
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
Becky GouldBECKY GOULD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Ross LarsonROSS LARSON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
Chuck KarpfCHUCK KARPF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Don ReevesDON REEVES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.1
-
Brian DepewBRIAN DEPEW
EXECUTIVE DIRECTOR
- Total calculated
- $174,576
- From this org
- $0
- From related orgs
- $157,319
- Other
- $17,257
- Hours/week
- 5
Schedule J breakdown matched by us
- Base
- $0 + $157,319 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,000 related
- Nontaxable benefits
- $0 + $9,257 related
- Filer's total
- $0 + $174,576 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET ANNUALLY BY THE CENTER FOR RURAL AFFAIRS' BOARD OF DIRECTORS AND IS BASED ON PERFORMANCE AND COMPARABLES WITHIN THE NONPROFIT INDUSTRY.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C) · SUPPORT AND EDUCATE ON ISSUES IMPORTANT TO RURAL AMERICA · NE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500989349300500
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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