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← AGRICULTURAL UTILIZATION RESEARCH INSTITUTE

Form 990 for tax year 2023

Filed by AGRICULTURAL UTILIZATION RESEARCH INSTITUTE.

Totals

Total revenue
$7,013,347
Total expenses
$6,353,391
Contributions and grants received
$6,619,372
Grants paid
$200,000
Program service revenue
$126,058
Investment income
$253,152
Other revenue
$14,765
Total assets, end of year
$8,882,711
Total liabilities, end of year
$2,545,309
Net assets or fund balances, end of year
$6,337,402
Program services expenses (Part IX)
$3,991,427
Management and general expenses
$2,361,964
Fundraising expenses
$0
Program service expenses (Part III)
$3,991,427

Program services were 62.8% 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.

  • 1e · Government grants (contributions)

    $6,003,310

  • 1f · All other contributions, gifts and grants

    $616,062

  • 2a · Program service revenue: FEE-FOR-SERIVCE

    total $64,363 · related or exempt $64,363

  • 2b · Program service revenue: SPONSORSHIPS

    total $34,927 · related or exempt $34,927

  • 2c · Program service revenue: PROJECT FEES

    total $16,635 · related or exempt $16,635

  • 2d · Program service revenue: REGISTRATIONS

    total $6,349 · related or exempt $6,349

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $3,784 · related or exempt $3,784

  • 3 · Investment income

    total $268,052 · excluded $268,052

  • 5 · Royalties

    total $14,765 · excluded $14,765

  • 7a · Gross sales of assets other than inventory

    other assets $1,500,982

  • 7b · Less cost or other basis and sales expenses

    other assets $1,515,882

  • 7c · Gain or loss

    other assets -$14,900

  • 7d · Net gain or loss

    total -$14,900 · excluded -$14,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 5 · Compensation of officers, directors and key employees

    total $1,156,565 · program services $599,606 · management and general $556,959

  • 7 · Other salaries and wages

    total $2,211,492 · program services $1,464,285 · management and general $747,207

  • 8 · Pension plan contributions

    total $134,392 · program services $89,615 · management and general $44,777

  • 9 · Other employee benefits

    total $519,309 · program services $336,845 · management and general $182,464

  • 10 · Payroll taxes

    total $229,559 · program services $145,110 · management and general $84,449

  • 11b · Fees: legal

    total $18,538 · management and general $18,538

  • 11c · Fees: accounting

    total $27,115 · management and general $27,115

  • 11d · Fees: lobbying

    total $36,000 · program services $36,000

  • 11g · Fees: other

    total $288,092 · management and general $288,092

  • 12 · Advertising and promotion

    total $61,287 · program services $13,212 · management and general $48,075

  • 13 · Office expenses

    total $107,214 · program services $60,496 · management and general $46,718

  • 16 · Occupancy

    total $188,141 · program services $138,674 · management and general $49,467

  • 17 · Travel

    total $156,467 · program services $84,270 · management and general $72,197

  • 19 · Conferences, conventions and meetings

    total $18,524 · program services $9,554 · management and general $8,970

  • 22 · Depreciation, depletion and amortization

    total $295,070 · program services $229,157 · management and general $65,913

  • 23 · Insurance

    total $72,325 · management and general $72,325

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $509,517 · program services $509,517

  • 24b · Other expenses: EQUIPMENT & MAINTENANCE

    total $40,387 · program services $14,031 · management and general $26,356

  • 24c · Other expenses: SPECIAL PROJECTS

    total $36,294 · program services $36,294

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $29,378 · program services $9,873 · management and general $19,505

  • 24e · All other expenses

    total $17,725 · program services $14,888 · management and general $2,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $650 · end of year $400

  • 2 · Savings and temporary cash investments

    beginning of year $347,991 · end of year $1,260,944

  • 3 · Pledges and grants receivable

    beginning of year $198,866 · end of year $247,662

  • 4 · Accounts receivable

    beginning of year $422,567 · end of year $259,706

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,039 · end of year $54,939

  • 10a · Land, buildings and equipment: cost or other basis

    $3,907,614

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,535,189

  • 10c · Land, buildings and equipment, net

    beginning of year $578,446 · end of year $1,372,425

  • 13 · Investments: program-related

    beginning of year $4,599,170 · end of year $4,609,507

  • 15 · Other assets

    beginning of year $500,011 · end of year $1,077,128

  • 17 · Accounts payable and accrued expenses

    beginning of year $567,081 · end of year $670,919

  • 19 · Deferred revenue

    beginning of year $94,882 · end of year $873,682

  • 25 · Other liabilities

    beginning of year $443,758 · end of year $1,000,708

  • 27 · Net assets without donor restrictions

    beginning of year $5,570,019 · end of year $6,337,402

Mission and programs · 2023

Mission

AURI WAS CREATED AND FUNDED BY THE MINNESOTA LEGISLATURE TO ACCELERATE THE EXPANSION OF THE AGRICULTURAL ECONOMY BY EMPOWERING EXPANDED USES AND MARKETS OF AGRICULTURALLY DERIVED PRODUCTS.

  • AURI CONDUCTS ONSITE AND APPLIED RESEARCH, PROMOTES THE ESTABLISHMENT OF NEW PRODUCTS AND PRODUCT USES AND THE EXPANSION OF EXISTING MARKETS FOR THE STATE'S AGRICULTURAL COMMODITIES AND PRODUCTS, INCLUDING DIRECT FINANCIAL AND TECHNICAL ASSISTANCE FOR ENTREPRENEURS IN MINNESOTA AND BORDERING STATES. AURI MAINTAINS FACILITIES TO WORK WITH PRIVATE AND PUBLIC ENTITIES TO ACHIEVE MAXIMUM RESULTS FOR MINNESOTA AGRICULTURE.

    Expenses $3,991,427 · Grants $200,000 · Revenue $126,058

As filed on the 2023 return.

Listed in Part VII

  • Carolyn Olson

    SECRETARY/TREASURER

    Total calculated
    $150
    From this org
    $150
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Federico Tripodi

    CHAIR

    Total calculated
    $2,320
    From this org
    $2,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Jeff Grev

    DIRECTOR

    Total calculated
    $370
    From this org
    $370
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John Schafer

    VICE CHAIR

    Total calculated
    $705
    From this org
    $705
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Joe Serbus

    DIRECTOR

    Total calculated
    $450
    From this org
    $450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jon Veldhouse

    DIRECTOR

    Total calculated
    $1,245
    From this org
    $1,245
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Representative Samantha Vang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Ted Winter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Senator Aric Putnam

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Mikayla Tabert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Lauren McNamara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Shannon Schlecht

    EXECUTIVE DIRECTOR

    Total calculated
    $237,208
    From this org
    $199,290
    From related orgs
    $0
    Other
    $37,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,290
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $37,918
    Filer's total
    $237,208

  • Adam Stratton

    SR. DIRECTOR OF OPERATIONS

    Total calculated
    $157,850
    From this org
    $124,816
    From related orgs
    $0
    Other
    $33,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,816
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,034
    Filer's total
    $157,850

  • Jennifer Wagner-Lahr

    SR. DIRECTOR OF COMMERCIALIZATION

    Total calculated
    $154,427
    From this org
    $121,374
    From related orgs
    $0
    Other
    $33,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,374
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $33,053
    Filer's total
    $154,427

  • Michael Sparby

    COMMERICIALIZATION DIRECTO

    Total calculated
    $135,478
    From this org
    $103,538
    From related orgs
    $0
    Other
    $31,940
    Hours/week
    40

  • Luca Zullo

    SR. DIRECTOR OF SCIENCE & TECHNOLOGY

    Total calculated
    $163,716
    From this org
    $145,583
    From related orgs
    $0
    Other
    $18,133
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,583
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,133
    Filer's total
    $163,716

  • Lisa Gjersvik

    SR. DIRECTOR OF STRATEGY MANAGEMENT

    Total calculated
    $136,650
    From this org
    $104,752
    From related orgs
    $0
    Other
    $31,898
    Hours/week
    40

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EXECUTIVE DIRECTOR WAS GRANTED ADDITIONAL LEAVE HOURS IN JULY 2019 AS A PART OF COMPENSATION APPROVED BY THE BOARD. THIS AMOUNT, IN TOTAL WAS 240 HOURS, RETROACTIVE TO JANUARY 2019 AND WILL CONTINUE ANNUALLY.

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

  • AG INNOVATION CAMPUS

    $200,000

    INITIATIVE EXPENDITURES

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • AG INNOVATION CAMPUS

    LOAN GUARANTOR · MN

Provenance

Return type
form_990
Tax year
2023
Filed
2 April 2025
IRS schema version
2023v6.0
Source object
202501009349301400

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