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← NORTH DAKOTA GRAIN DEALERS ASSOCIATION BENEFIT PLAN AND TRUST

Form 990 for tax year 2024

Filed by NORTH DAKOTA GRAIN DEALERS ASSOCIATION BENEFIT PLAN AND TRUST.

Totals

Total revenue
$25,133,237
Total expenses
$25,587,598
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,245,931
Investment income
$887,220
Other revenue
$86
Total assets, end of year
$8,160,216
Total liabilities, end of year
$3,402,311
Net assets or fund balances, end of year
$4,757,905
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $22,111,346 · related or exempt $22,111,346

  • 2b · Program service revenue: PHARMACY REBATES

    total $1,937,486 · related or exempt $1,937,486

  • 2c · Program service revenue: COBRA CONTRIBUTIONS

    total $197,099 · related or exempt $197,099

  • 3 · Investment income

    total $225,272 · unrelated business $225,272

  • 7a · Gross sales of assets other than inventory

    securities $6,608,770

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

    securities $5,946,822

  • 7c · Gain or loss

    securities $661,948

  • 7d · Net gain or loss

    total $661,948 · unrelated business $661,948

  • 11a · Other revenue: OTHER RECEIPTS

    total $86 · related or exempt $86

  • 11e · Other revenue, total

    $86

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $21,027,246

  • 11c · Fees: accounting

    total $23,127

  • 11g · Fees: other

    total $84,000

  • 23 · Insurance

    total $11,337

  • 24a · Other expenses: STOP-LOSS PREMIUMS

    total $2,895,329

  • 24b · Other expenses: ADMINISTRATOR/AGENT FEE

    total $1,259,476

  • 24c · Other expenses: INCOME TAX

    total $257,568

  • 24d · Other expenses: TRUSTEE FEES

    total $28,307

  • 24e · All other expenses

    total $1,208

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    end of year $972,690

  • 3 · Pledges and grants receivable

    beginning of year $641,886 · end of year $1,086,092

  • 11 · Investments: publicly traded securities

    beginning of year $4,505,928 · end of year $3,857,399

  • 12 · Investments: other securities

    beginning of year $2,650,938 · end of year $2,244,035

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,545,674 · end of year $3,299,211

  • 25 · Other liabilities

    beginning of year $0 · end of year $103,100

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,253,078 · end of year $4,757,905

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO PROVIDE WELFARE BENEFITS TO EMPLOYEES AND THEIR DEPENDENTS WHOSE EMPLOYERS ARE MEMBERS OF THE NORTH DAKOTA GRAIN DEALERS ASSOCIATION.

  • PROVIDING PAYMENTS FOR BENEFITS OF MEMBERS INCLUDING HEALTH, VISION, AND DENTAL BENEFITS. THE PLAN SERVICED 1,312 CONTRACTS AT THE BEGINNING OF THE YEAR AND 1,373 AT THE END OF THE YEAR.

As filed on the 2024 return.

Listed in Part VII

  • Stuart Letcher

    SECRETARY

    Total calculated
    $168,221
    From this org
    $0
    From related orgs
    $168,221
    Other
    $0
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,221 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $168,221 related
  • Keith Brandt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Rick Talbott

    COMMITTEEMAN

    Total calculated
    $0
    Hours/week
    0.5
  • Scott Ostlie

    COMMITTEEMAN

    Total calculated
    $0
    Hours/week
    0.5
  • Kayla Burkhart

    COMMITTEEMAN

    Total calculated
    $0
    Hours/week
    0.5
  • Jared Myers

    COMMITTEEMAN

    Total calculated
    $0
    Hours/week
    0.5
  • Will Kusler

    COMMITTEEMAN

    Total calculated
    $0
    Hours/week
    0.5

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

The filer's explanations (Part III)

PART I, LINE 3
THE SECRETARY'S COMPENSATION IS REVIEWED AND APPROVED BY NDGDA BOARD OF DIRECTORS.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • DAKOTALAND FEEDS LLC

  • OVERMOE AND NELSON LTD

  • STONE MILL LLC

  • MIDWAY SEED LLC

  • TRIGEN AG PARTNERS LLC

Related corporations and trusts

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

  • AGASSIZ SEED & SUPPLY

  • AGASSIZ VALLEY GRAIN

  • ALTON GRAIN TERMINAL

  • ANDERSON SEED FARMS INC

  • THE ARTHUR COMPANIES INC

  • BEACH COOP GRAIN CO

  • BJERKE BROTHERS INC

  • BOWMAN GRAIN INC

  • BURKE MYERS & ASSOCIATES

  • C W VALLEY COOP

  • CENDAK COOPERATIVE

  • CLIFFORD FARMERS COOP EL

  • COUNTRY GRAIN COOP

  • DAKOTA MIDLAND GRAIN

  • EDINBURGH FARMERS ELEVATOR

  • EMERADO FARMERS COOP

  • EQUITY ELEVATOR & TRADE

  • FARMERS COOP ELEVATOR CO

  • FARMERS ELEVATOR COMPANY

  • FARMERS ELEVATOR OF HONEYFORD

  • FIEBIGER CONSULTING FIRM

  • FINLEY FARMERS GRAIN AND ELEVATOR

  • FLASHER FARMERS UNION GRAIN

  • FORDVILLE COOP MARKETING ASSN

  • FOSSTON TRI COOP

  • G & R GRAIN & FEED

  • GEORGETOWN ELEVATOR

  • GOLDEN VALLEY INGREDIENT

  • GRAFTON FARMERS COOP GRAIN

  • GRAIN INSPECTION INC

  • HALSTAD ELEVATOR

  • HOGENSON CONSTRUCTIONO

  • HORNUNG HARVESTING & APP

  • HOWE FARM SEED

  • HUMBOLDT ST VINCENT ELEVATOR

  • HUNTER GRAIN CO

  • JOHNSTOWN BEAN COMPANY

  • LEE BEAN AND SEED

  • MALARD ELEVATOR

  • MAPLE RIVER GRAIN & AGRONOMY

  • MARKIT COUNTY GRAIN

  • MAYPORT FARMERS CO-OP

  • MILNOR GRAIN COMPANY

  • MISSOURI VALLEY AG INC

  • MODERN GRAIN INC

  • NASH GRAIN & TRADING CO

  • NEW CENTURY AG

  • NORTHWOOD EQUITY ELEVATOR

  • PLAINS GRAIN AND AGRONOMY

  • PRAIRIELAND AG

  • PROSEED INC

  • QUALITY SEED GENETICS INC

  • RALEIGH GRAIN ELEVATOR

  • RED RIVER GRAIN

  • RICHLAND IFC

  • RIVERSIDE COMM DBA GRT N

  • ROSS SEED COMPANY

  • RUSH RIVER SEED & CHEMICAL

  • STEELE FARMERS ELEVATOR

  • TAFT ELEVATOR

  • TUTTLE FARMERS ELEVATOR

  • U A S SERVICE CORP

  • VALLEY AG PARTNERS

  • VOSS GRAIN COMPANY

  • WALHALLA FARMERS GRAIN

  • FARMERS UNION ELEVATOR COOP

  • NORTH PRAIRIE AG

  • THOMPSON FARMERS COOP ELEVATOR

  • TRILOGY AG GROUP

  • UNITED QUALITY COOPERATIVE

  • WALSH GRAIN TERMINAL

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543219349302459

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