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Nonprofiteer
← LAND OLAKES VENTURE37

Form 990 for tax year 2023

Filed by LAND OLAKES VENTURE37.

Totals

Total revenue
$30,472,639
Total expenses
$30,476,661
Contributions and grants received
$30,472,639
Grants paid
$550,953
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$31,605,494
Total liabilities, end of year
$29,247,536
Net assets or fund balances, end of year
$2,357,958
Program services expenses (Part IX)
$25,221,554
Management and general expenses
$5,255,107
Fundraising expenses
$0
Program service expenses (Part III)
$25,221,554

Program services were 82.8% 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)

    $25,806,005

  • 1f · All other contributions, gifts and grants

    $4,666,634

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $550,953 · program services $550,953

  • 11g · Fees: other

    total $3,435,902 · program services $3,138,969 · management and general $296,933

  • 17 · Travel

    total $1,855,135 · program services $1,686,616 · management and general $168,519

  • 24a · Other expenses: LABOR & RELATED COSTS

    total $15,035,381 · program services $10,859,935 · management and general $4,175,446

  • 24b · Other expenses: SUBAGREEMENT EXPENDITUR

    total $4,949,590 · program services $4,711,039 · management and general $238,551

  • 24c · Other expenses: TRAINING EXPENSES

    total $1,838,845 · program services $1,671,734 · management and general $167,111

  • 24d · Other expenses: OTHER DIRECT PROGRAM CO

    total $1,589,543 · program services $1,448,543 · management and general $141,000

  • 24e · All other expenses

    total $1,221,312 · program services $1,153,765 · management and general $67,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,617,874 · end of year $39,215

  • 2 · Savings and temporary cash investments

    beginning of year $26,778,649 · end of year $27,692,190

  • 3 · Pledges and grants receivable

    beginning of year $2,398,212 · end of year $2,759,991

  • 4 · Accounts receivable

    beginning of year $173,257 · end of year $786,933

  • 9 · Prepaid expenses and deferred charges

    beginning of year $341,055 · end of year $327,165

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,378,421 · end of year $1,060,954

  • 19 · Deferred revenue

    beginning of year $24,492,767 · end of year $25,112,931

  • 25 · Other liabilities

    beginning of year $3,075,879 · end of year $3,073,651

  • 27 · Net assets without donor restrictions

    beginning of year $2,361,980 · end of year $2,357,958

Mission and programs · 2023

Mission

TO REPLACE POVERTY WITH PROSPERITY BY IMPLEMENTING DONOR-FUNDED PROJECTS THAT PROVIDE GLOBAL HUMANITARIAN AID TO COMMUNITIES AND INDIVIDUALS IN DEVELOPING COUNTRIES THROUGH IN-KIND, FINANCIAL AND TECHNICAL ASSISTANCE.

Activities or mission (Part I)

TO REPLACE POVERTY WITH PROSPERITY.

  • LAND O'LAKES VENTURE37 PROVIDES IN-KIND, FINANCIAL AND TECHNICAL ASSISTANCE TO COMMUNITIES AND INDIVIDUALS IN DEVELOPING COUNTRIES. 2023 PROJECTS INCLUDED THE FOLLOWING:BANGLADESH:THE USDA-FUNDED BANGLADESH TRADE FACILITATION PROJECT (BTF) WILL EXPAND REGIONAL AND INTERNATIONAL TRADE IN AGRICULTURAL GOODS BY ADDRESSING SYSTEMIC CONSTRAINTS TO AGRICULTURAL TRADE AT BANGLADESHI PORTS; SIMPLIFYING AND AUTOMATING IMPORT AND EXPORT PROCESSES; IMPROVING THE CAPACITY OF GOVERNMENT AGENCIES, LABORATORIES, AND WAREHOUSES; AND BY FOSTERING PRIVATE AND PUBLIC INVESTMENT, ESPECIALLY IN COLD STORAGE.ETHIOPIA:ETHIOPIA TRANSFORMING AGRICULTURE (SUB TO RTI) - INCREASE ACCESS TO HEALTHY DIETS, PARTICULARLY FOR WOMEN AND CHILDREN, BY IMPROVING THE COMPTETIVENESS, INCLUSIVENESS AND RESILIENCE OF THE FOOD AND AGRICULTURE SYSTEMS.SUSTAINABLE COMMERCIALIZATION OF SEXED DAIRY GENETICS IN EAST AFRICA (SUB TO ABS GLOBAL) - ESTABLISHING A COMMERCIALLY VIABLE SEXED SEMEN MARKET THAT WILL INCLUSIVELY GROW THE COMPETITIVENESS OF THE DAIRY MARKET BY INCREASING SMALL SCALE PRODUCER DEMAND AND WILLINGNESS TO PAY FOR SEXED SEMEN, IMPROVING LAST MILE DELIVERY OF AI SEXED SEMEN, AND IMPROVING THE ENABLING ENVIRONMENT TO ESTABLISH A COMMERCIAL MARKET. KENYA:EAC TRASE PROJECT - EXPAND THE TRADE OF AGRICULTURAL PRODUCTS DOMESTICALLY, REGIONALLY AND INTERNATIONALLY IN THE EAC BY DOMESTICATING THE EAST AFRICAN COMMUNITY SANITARY AND PHYTOSANITARY (SPS) LEGAL FRAMEWORK (ESLF) AND BUILDING CAPACITY AMONG KEY PUBLIC AND PRIVATE INSTITUTIONS TO EASE SPS BARRIERS TO TRADE.KENYA FORAGE DEVELOPMENT PROJECT (KFD PROJECT) - AIMS TO EMPOWER WOMEN SMALLHOLDER DAIRY FARMERS AND INCREASE THE AVAILABILITY AND QUALITY OF MILK IN THE MARKET IN KENYA.MADAGASCAR:MAHARO (SUBRECIPIENT TO CATHOLIC RELIEF SERVICES) - A PROJECT SURROUNDING FOOD SECURITY IN ANDROY AND ATSIMO ANDREFANA. VENTURE37 WILL BE INVOLVED WITH ACTIVITIES THAT AIM TO IMPROVE ALL ASPECTS OF THE LIVESTOCK VALUE CHAIN, WITH A FOCUS ON VULNERABLE HOUSEHOLDS AND MEMBERS OF THE COMMUNITY, SUCH AS PREGNANT/LACTATING WOMEN, CHILDREN UNDER 5, AND PEOPLE WITH DISABILITIES.MALAWI: MCAT - ACTIVITIES ON THIS PROJECT WILL DRIVE AND ACCELERATE THE TRANSFORMATION OF MALAWI'S AGRICULTURAL ECONOMY AND FOSTER FARMERS WHO ARE PROSPEROUS, RESILIENT, DIVERSIFIED AND FOOD-SECURE. RWANDA: ROW - WILL SUSTAINABLY INCREASE THE AVAILABILITY OF, ACCESS TO, AND CONSUMPTION OF ANIMAL-SOURCE FOODS (ASF) THROUGH DEVELOPMENT OF A PROFITABLE MARKET. EGYPT:TAIB - BUILDING THE CAPACITY OF THE GOVERNMENT OF EGYPT TO BUILD THE CAPACITY AN AGENCY OF THE G0E WHOSE CHARTER IS TO DEVELOP AND NATIONALIZE FOOD SAFETY STANDARDS AND CERTIFICATION REQUIREMENTS.EGYPT TRADE (SUB TO PALLADIUM) - FACILITATING TRADE EXPORT STANDARDS FOR FOOD SAFETY IN EGYPTGEORGIA:SQIL - USDA FUNDED PROJECT THAT IS WORKING TO IMPROVE AND STRENGTHEN THE BEEF AND DAIRY VALUE CHAIN.DRC FAW - IN COORDINATION WITH DEVELOPMENT AND RESEARCH ACTORS AND THE GOVERNMENT OF THE DRC, THIS PROJECT ADDRESSES THREE COMPONENTS: VALIDATE SAFE AND COST-EFFECTIVE INTEGRATED PEST MANAGEMENT (IPM) TECHNOLOGIES SUITABLE FOR SMALLHOLDER MAIZE PRODUCERS; FACILITATE SYSTEM ADOPTION OF SUITABLE TECHNOLOGIES AND APPROACHES THAT WILL BUILD THE RESILIENCE OF SMALLHOLDER PRODUCERS AND THE SUPPORTING MARKET SYSTEM; STRENGTHEN THE ENABLING ENVIRONMENT NECESSARY TO COORDINATE SYSTEMIC APPROACHES TO FALL ARMYWORM (FAW) RESPONSE.TANZANIA:TANZANIA AG RESULTS - A MULTILATERAL INITIATIVE FINANCED JOINTLY BY THE GOVERNMENTS OF AUSTRALIA, CANADA, THE UNITED KINGDOM, THE UNITED STATES, AND THE BILL & MELINDA GATES FOUNDATION (EACH, A "CONTRIBUTOR") THAT USES PAY-FOR-RESULTS PRIZE COMPETITIONS TO INCENTIVIZE, OR "PULL", THE PRIVATE SECTOR TO OVERCOME AGRICULTURAL MARKET BARRIERS BY INVESTING IN INNOVATIVE RESEARCH AND DELIVERY SOLUTIONS THAT IMPROVE THE LIVES OF SMALLHOLDER FARMERS. TANZANIA INCLUSIVE PROCESSOR-PRODUCER PARTNERSHIPS IN DAIRY PROJECT (TI3P) - A THREE-YEAR PROJECT LEAD BY THE TANZANIA AGRICULTURAL DEVELOPMENT BANK (TADB) AND FUNDED BY THE BILL AND MELINDA GATES FOUNDATION (BMGF). LAND O'LAKES VENTURE37 IS A SUBAWARDEE OF TADB, ALONG WITH BAIN & COMPANY, INC. (BAIN) HEIFER INTERNATIONAL, AND GLOBAL DAIRY PLATFORM (GDP). LAND O'LAKES VENTURE37 WILL CONTRIBUTE TO INCLUSIVE AGRICULTURAL TRANSFORMATION GOALS BY ENABLING PUBLIC-PRIVATE PARTNERSHIPS TO (A) INCREASE THE INCOMES OF SMALL-SCALE PRODUCERS BY ENABLING INCLUSIVE ACCESS TO FORMAL MILK AGGREGATION, PROCESSING, AND MARKETING SYSTEMS; (B) SUSTAINABLY INCREASE ON-FARM PRODUCTION, PRODUCTIVITY AND INCOME OF SMALL-SCALE DAIRY PRODUCERS BY ENABLING THEM ACCESS TO EFFECTIVE INPUTS AND SERVICES (E.G. CATTLE VACCINES, FEED, FORAGE AND GENETICS); (C) INCREASE WOMEN'S ECONOMIC EMPOWERMENT BY DEVELOPING AND IMPLEMENTING GENDER-TRANSFORMATIVE APPROACHES TO ENHANCE WOMEN'S PARTICIPATION IN THE DAIRY VALUE CHAIN AND INCREASE THEIR ACCESS AND CONTROL OVER PRODUCTIVE ASSETS; AND (D) INCREASE EQUITABLE ACCESS TO IMPROVED QUALITY DAIRY NUTRITION BY IMPROVING THE DISTRIBUTION AND SALES OF SAFE AND AFFORDABLE MILK AND MILK PRODUCTS IN BOTH RURAL AND URBAN AREAS AND BOTH FORMAL AND INFORMAL CHANNELS.DNA BUILDING INCLUSIVE LIVELIHOODS - THIS PROJECT, FUNDED BY THE SWEDISH INTERNATIONAL DEVELOPMENT AGENCY, FOCUSES ON REACHING RESOURCE-POOR, OPPORTUNITY-CONSTRAINED STAKEHOLDERS ACROSS THE DAIRY VALUE CHAIN, PARTICULARILY WOMEN AND YOUTH, TO ENABLE INCLUSIVE CLIMATE-SMART ECONOMIC DEVELOPMENT.HAITI:THE RESILIENT LIVESTOCK MARKET SYSTEM ACTIVITY (PARE) PROJECT IN HAITI, A FIVE-YEAR PROJECT FUNDED BY USAID, IS FOCUSED ON INCREASING THE RESILIENCE OF HOUSEHOLDS AND COMMUNITIES IN THE NORTHERN AND SOUTHERN PARTS OF THE COUNTRY THROUGH IMPROVEMENT OF THE LIVESTOCK MARKET SYSTEM, INCREASING THE ACCESSIBILITY OF IMPUTS AND SERVICES IN THE LIVESTOCK MARKET SYSTEM AND IMPROVING MARKETING AND PRIVATE SECTOR ENGAGEMENT IN LIVESTOCK.LESOTHO:SUSTAINABLE TRANSFORMATION OF ENTERPRISES IN THE POULTRY SECTOR (STEPS) -- THE OBJECTIVE OF THIS 5-YEAR USDA FUNDED PROJECT IS TO INCREASE THE AGRICULTURAL PRODUCTIVITY OF DUAL AND SINGLE PURPOSE POULTRY THROUGH IMPROVING PRODUCER ACCESS TO IMPROVED INPUTS, SERVICES, FINANCE AND END-MARKET LINKAGES, AS WELL AS TO EXPAND TRADE OF ARGICULTURAL POULTRY PRODUCTS LOCALLY THROUGH IMPROVED ACCESS TO FINANCE, QUALITY INPUTS AND CONSISTENT END MARKETS. OTHER PROJECTS ARE:NOURISHING PROPERITY ALLIANCE (NPA) - THIS GATES FUNDED PROGRAM BEING IMPLEMENTED IN BOTH ETHIOPIA AND KENYA IS FOCUSED ON INCREASING PRODUCTIVITY AND INCOMES OF SMALL SCALE FARMERS THROUGH ACCESS TO IMPROVED ANIMAL FEED SOURCES. THE 5-YEAR COOPERATIVE RESILIENCE & EQUITY ACTIVITY (CORE) PROJECT FUNDED BY USAID WILL FOSTER VIBRANT, SUSTAINABLE COOPERATIVE ECOSYSTEMS IN RWANDA AND ZAMBIA, IN WHICH SELF-MANAGED COOPERATIVES AND ALL THEIR MEMBERS FLOURISH ECONOMICALLY AND SOCIALLY. THROUGH CORE, VENTURE37 WILL TAKE A LOCALIZED AND MARKET-RESPONSIVE APPROACH, ENGAGING MARKET ACTORS, INCLUDING WOMEN AND YOUTH, IN ACTIVITY DESIGN, IMPLEMENTATION AND MEASUREMENT TO TAILOR ACTIVITIES TO THEIR UNIQUE NEEDS WHILE STRENGTHENING THEIR CAPACITY TO CREATE SUSTAINABLE SOLUTIONS.FARMER-TO-FARMER INCLUSIVE FOOD SYSTEMS (IFS) IS FUNDED BY USAID AND SEEKS TO STRENGTHEN FOOD SYSTEMS AND INCLUSION IN EGYPT, LEBANON AND RWANDA THROUGH VOLUNTEER TECHNICAL ASSISTANCE. CD4 - SEEKS TO BUILD THE CAPACITY OF APEX ORGANIZATIONS AND PRIMARY COOPERATIVES IN RWANDA AND MALAWI TO INCREASE THE COMPETITIVENESS OF COOPERATIVE MEMBERS IN THE MARKET PLACE.F2F FSQ - PROVIDING EXPERT VOLUNTEERS TO SUPPORT PROCESSING AND PRODUCING ORGANIZATIONS AND BUSINESSES IN LEBANON, EGYPT AND MOROCCO. THE PROJECT HAS SENT NUMEROUS VOLUNTEERS WHO HAVE INCREASED THE CAPACITY OF HOST BUSINESSES WHO RECEIVE TECHNICAL ASSISTANCE.US CODEX: FOOD SAFETY OUTREACH EVENT PLANNING

    Expenses $25,221,554 · Grants $550,953

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Ellenberger

    CHAIRMAN, SENIOR VICE PRESIDENT

    Total calculated
    $1,548,043
    From this org
    $0
    From related orgs
    $1,401,803
    Other
    $146,240
    Hours/week
    35 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,401,803 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $133,268 related
    Nontaxable benefits
    $0 + $12,972 related
    Filer's total
    $0 + $1,548,043 related
  • Mary Jo Robinson - Treasurer

    & GROUP DIRECTOR - OPERATIONS

    Total calculated
    $408,031
    From this org
    $0
    From related orgs
    $320,357
    Other
    $87,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $320,357 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $74,702 related
    Nontaxable benefits
    $0 + $12,972 related
    Filer's total
    $0 + $408,031 related
  • Sheilah Stewart

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 39 related
  • Giselle Aris - Group Director Of

    STRATEGIC PARTNERSHIPS & NEW VENTURES

    Total calculated
    $239,378
    From this org
    $0
    From related orgs
    $215,631
    Other
    $23,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $215,631 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,775 related
    Nontaxable benefits
    $0 + $12,972 related
    Filer's total
    $0 + $239,378 related
  • Michael Parr - Chief Of Party

    BANGLADESH TRADE FACILITATION

    Total calculated
    $278,669
    From this org
    $0
    From related orgs
    $247,561
    Other
    $31,108
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $247,561 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,136 related
    Nontaxable benefits
    $0 + $12,972 related
    Filer's total
    $0 + $278,669 related
  • Emmet Murphy - Technical

    DIRECTOR - AGRICULTURAL MARKET SYSTEMS

    Total calculated
    $275,139
    From this org
    $0
    From related orgs
    $232,907
    Other
    $42,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $232,907 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,260 related
    Nontaxable benefits
    $0 + $12,972 related
    Filer's total
    $0 + $275,139 related
  • Sheri Carlson - Director

    OF FINANCE & ADMINISTRATION

    Total calculated
    $237,904
    From this org
    $0
    From related orgs
    $194,932
    Other
    $42,972
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $194,932 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $12,972 related
    Filer's total
    $0 + $237,904 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

None.

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)

SCHEDULE J - EXPLANATION OF RELATED ORGANIZATION TO ESTABLISH COMPENSATION
LAND O'LAKES INC USES THE FOLLOWING TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACTS, COMPENSATION SURVEY OR STUDY (HEWITT SALARY MARKET DATA)

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

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 corporations and trusts

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

  • LAND O'LAKES INC

    C · AGRIGULTURAL COOPERATIVE-FOOD & DAIRY · MN

Provenance

Return type
form_990
Tax year
2023
Filed
21 August 2024
IRS schema version
2023v5.1
Source object
202422369349300417

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