Form 990 for tax year 2024
Filed by MINNESOTA ASSOCIATION OF WHEAT GROWERS.
Totals
- Total revenue
- $596,060
- Total expenses
- $575,832
- Contributions and grants received
- $10,512
- Grants paid
- $0
- Program service revenue
- $500,599
- Investment income
- $25,002
- Other revenue
- $59,947
- Total assets, end of year
- $781,959
- Total liabilities, end of year
- $128,461
- Net assets or fund balances, end of year
- $653,498
- 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.
-
1f · All other contributions, gifts and grants
$10,512
-
2a · Program service revenue: CONVENTIONS INCOME
total $193,332 · related or exempt $193,332
-
2b · Program service revenue: PROGRAM AGREEMENT INCO
total $151,500 · related or exempt $151,500
-
2c · Program service revenue: COMMUNICATIONS INCOME
total $36,293 · related or exempt $36,293
-
2d · Program service revenue: MEMBERSHIPS
total $20,524 · related or exempt $20,524
-
2f · All other program service revenue
total $98,950 · related or exempt $7,053 · unrelated business $91,897
-
3 · Investment income
total $25,002 · excluded $25,002
-
6a · Gross rents
real property $114,285 · personal property $8,420
-
6b · Less rental expenses
real property $55,291 · personal property $7,467
-
6c · Rental income or loss
real property $58,994 · personal property $953
-
6d · Net rental income or loss
total $59,947 · unrelated business $953 · excluded $58,994
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $50,000
-
11c · Fees: accounting
total $11,829
-
11d · Fees: lobbying
total $30,700
-
11g · Fees: other
total $60,890
-
12 · Advertising and promotion
total $102,969
-
13 · Office expenses
total $72,519
-
16 · Occupancy
total $695
-
17 · Travel
total $56,213
-
19 · Conferences, conventions and meetings
total $99,925
-
20 · Interest
total $1,037
-
22 · Depreciation, depletion and amortization
total $638
-
23 · Insurance
total $1,869
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $77,295
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $5,796
-
24c · Other expenses: MISCELLANEOUS
total $3,457
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $464,824 · end of year $529,485
-
4 · Accounts receivable
beginning of year $21,813 · end of year $15,891
-
9 · Prepaid expenses and deferred charges
beginning of year $9,630 · end of year $14,460
-
10a · Land, buildings and equipment: cost or other basis
$553,872
-
10b · Land, buildings and equipment: accumulated depreciation
$364,337
-
10c · Land, buildings and equipment, net
beginning of year $214,946 · end of year $189,535
-
15 · Other assets
beginning of year $14,211 · end of year $32,588
-
17 · Accounts payable and accrued expenses
beginning of year $13,029 · end of year $5,284
-
19 · Deferred revenue
beginning of year $23,786 · end of year $55,037
-
25 · Other liabilities
beginning of year $58,055 · end of year $68,140
-
27 · Net assets without donor restrictions
beginning of year $617,117 · end of year $653,498
-
28 · Net assets with donor restrictions
beginning of year $13,437 · end of year $0
Mission and programs · 2024
Mission
TO PROMOTE THE WHEAT INDUSTRY THROUGH PUBLICATION OF NEWSLETTERS, MEETINGS AND CONFERENCES.
Activities or mission (Part I)
TO PROMOTE THE GROWING AND MARKETING OF MINNESOTA WHEAT.
-
PUBLISHED "PRAIRIE GRAINS" MAGAZINE WHICH HAS A CIRCULATION OF 21613.
-
HELD ANNUAL MEETINGS FOR PRODUCERS AND OTHERS INVOLVED IN THE INDUSTRY TO DISEMINATE INFORMATION AND PLAN ACTIVITIES TO PROMOTE THE INDUSTRY.
As filed on the 2024 return.
Listed in Part VII
-
MIKE GUNDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
KEVIN LEISER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
TATE PETRY
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
ERIK YOUNGGREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JUSTIN OSOWSKI
2ND VICE PRESIDENT (ENDED 06/25)
- Total calculated
- $0
- Hours/week
- 4
-
AUSTEN GERMOLUS
1ST VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
LOGAN JOHNSON
MEMBER (STARTED 06/25)
- Total calculated
- $0
- Hours/week
- 2
-
KRISTIN HAMRE
MEMBER (STARTED 06/25)
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN SORENSON
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600629349302050
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