Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Insurance Contributions

  total $29,546,288 · related or exempt $29,546,288

• 3 · Investment income

  total $805,330 · related or exempt $472,953 · unrelated business $332,377

• 7a · Gross sales of assets other than inventory

  securities $4,825,411

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

  securities $4,630,994

• 7c · Gain or loss

  securities $194,417

• 7d · Net gain or loss

  total $194,417 · unrelated business $194,417

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $23,751,916

• 11a · Fees: management

  total $2,143,986

• 11c · Fees: accounting

  total $29,191

• 11f · Fees: investment management

  total $110,803

• 11g · Fees: other

  total $128,181

• 12 · Advertising and promotion

  total $1,589

• 17 · Travel

  total $438

• 19 · Conferences, conventions and meetings

  total $2,000

• 20 · Interest

  total $8,482

• 23 · Insurance

  total $449

• 24a · Other expenses: Income Tax Expense

  total $237,444

• 24b · Other expenses: PCORI Fee

  total $12,045

• 24e · All other expenses

  total $2,848

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,143,881 · end of year $2,501,432

• 4 · Accounts receivable

  beginning of year $362,824 · end of year $388,249

• 9 · Prepaid expenses and deferred charges

  end of year $5,867

• 11 · Investments: publicly traded securities

  beginning of year $20,543,449 · end of year $25,668,448

• 17 · Accounts payable and accrued expenses

  beginning of year $107,351 · end of year $74,237

• 19 · Deferred revenue

  beginning of year $522,640 · end of year $204,252

• 25 · Other liabilities

  beginning of year $198,100 · end of year $412,000

• 27 · Net assets without donor restrictions

  beginning of year $22,222,063 · end of year $27,873,507

The filer's explanations (Part III)

Part I, Line 3

The compensation reported for the Secretary is determined by a related taxable entity.

Related corporations and trusts

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

• Agassiz Drain Tile

• Anderson Brothers Inc

• Association Services Inc

• Bergstrom Automotive Management Inc

• Berts Truck Equipment Inc

• Berts Truck Equipment Inc Cobra

• Big Rig LLC dba Duanes Radiator

• Blumhardt Chevrolet Inc

• Bobcat of Mandan Inc

• Bourgault Industries

• Cedric Theel Inc

• Central Sales Inc

• Charbonneau Buick GMC Truck Inc

• Christian Bros Ford Inc (Finley Motors)

• Christian CDJR

• Christianson Sales & Service

• Christie Motors Inc

• Cooper Implement

• Cooper Implement - Cobra

• D & B Motors

• D & S Motors Inc dba Drive Chevrolet BU

• Dan Porter Motors Inc

• Dealer Development System

• Degelman Industries USA LTD

• Don Bessette Motors Inc

• Don Wilhelm Inc

• Drive Chevrolet Harvey

• Duppongs Inc

• Dvorak Motors Inc

• Dvorak Motors Inc - Cobra

• Eide Chrysler

• Eide Chrysler - Cobra

• Eide Chrysler - Pine City Mn

• Eide Chrysler - St Cloud

• Eide Ford - Bismarck Nd

• Eide Ford Mandan

• Emery Vistos Implement Inc

• Enzminger Steel LLC

• Farmers & Merchant State Bank

• Finley Motors Inc

• Flaten & Johnson Truck Equipment

• Forks Motors Inc

• G & G Implement Inc

• Gerald Wetzel Motors Inc

• Grand Forks Subaru Kia

• Hahns Repair

• Hansen Diesel & Automotive LLC

• Hansen Investments Inc

• Hansons Auto & Implement Inc

• Hansons Auto & Implement Inc -Cobra

• Hawkes CoDakota Peat

• Heggen Equipment

• Heiser Motors Inc

• High Plains Equipment

• High Plains Equipment - Cobra

• Houtcooper Implement Inc

• J L Lube Enterprises - Minot

• Jeromes Collision Center

• Jett Management - Minot Management

• Joes Sports Center

• Johnsen Trailer Sales

• Johnson Farm Trucking

• KC Motorsports Inc dba Stutsman Harley

• Kindred Implement Inc

• Korral Supply Inc

• Langdon Implement

• Lillegard Inc

• Lloyds Motors

• Lorrich Industries Inc

• Lunde Lincoln

• Lunde Lincoln - Cobra

• Magic City Implement

• Mertes Implement

• Mid Dakota Wheel Alignment

• Minnesota Ag Group Inc

• Minot Automotive Center

• Minot Automotive Center-Cobra

• Minot Tires Inc

• MN Equipment

• Munro Motor Company

• Murphy Motors Inc

• NDB Holding Inc dba Birchwood Chev

• Nelson Auto Center Inc

• Nelson Chrysler

• Nelson Ford

• North Star Ag

• Ok Implement CoNapa

• Oppegard Implement

• Ottos Welding

• Park River Implement LLC

• Patriot Fire and Safety

• Pfeifle Chevrolet-Buick

• Pfeifle Ford Inc

• Plains Ag LLC

• Plains Ag LLC - Cobra

• Prairie Implement Inc

• Prairie Motors Inc

• Premier Equipment

• Pro Ag Equipment Co Inc

• Puklich Chevrolet - Cobra

• Puklich Chevrolet Buick GMC - Valley City

• Puklich Chevrolet Inc

• R M Stoudt Inc

• Red Rock Auto

• Red Rock Collision Center LLC

• Red Rock Ford Inc

• Red Rock Ford of Dickinson Inc

• Regent Garage Co Inc

• Rossten Auto Sales

• Rossten Collision & Repair

• Roughrider Harley Davidson

• Rust Sales Inc

• Ryan Chevrolet

• Ryan Chevrolet Cobra

• Saturn of Fargo

• Sax Motor Co

• Sax Motor Co - Cobra

• Sayler Implement Inc

• Sayler Implement Inc - Cobra

• Schwan Buick Gmc Cadillac Inc

• Skalsky Auto Sales Inc

• Smith Motors Inc

• Soeby Motor Co

• Stoudtmiller Ford

• Stratosphere

• Summers Manufacturing Company Inc

• Swenseth Law Office PLLC

• Tappen Farm Supply

• Theel Inc dba Drive Chevrolet Buick

• Torgerson Auto Center

• True North Equipment - Baudette

• True North Equipment - Grafton

• True North Equipment - Grand Forks

• True North Equipment - Impact Center

• True North Equipment - Kennedy

• True North Equipment - Mahnomen

• True North Equipment - Northwood

• True North Equipment - Thief River Falls

• True North Equipment - Warren

• True North Equipment -Cobra

• Tweed Country Ag Inc

• Uglemness Company

• Villard Implement Company

• Wolfe Ford Inc

• Wrights Implement Inc