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← NEBRASKA COOPERATIVE COUNCIL

Form 990 for tax year 2023

Filed by NEBRASKA COOPERATIVE COUNCIL.

Totals

Total revenue
$1,110,461
Total expenses
$993,771
Contributions and grants received
$62,600
Grants paid
$169,864
Program service revenue
$944,033
Investment income
$96,908
Other revenue
$6,920
Total assets, end of year
$3,137,207
Total liabilities, end of year
$741,555
Net assets or fund balances, end of year
$2,395,652
Program services expenses (Part IX)
$993,771
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$993,771

Program services were 100.0% 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.

  • 1c · Fundraising events

    $62,600

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $640,814 · related or exempt $640,814

  • 2b · Program service revenue: WORKSHOPS & MEETINGS

    total $177,573 · related or exempt $177,573

  • 2c · Program service revenue: CONTRIBUTIONS

    total $100,000 · related or exempt $100,000

  • 2d · Program service revenue: NCC - PAC

    total $25,646 · related or exempt $25,646

  • 3 · Investment income

    total $96,908 · excluded $96,908

  • 8a · Fundraising events: gross income

    $21,583

  • 8a · Fundraising events: contributions included on line 1c

    $62,600

  • 8b · Fundraising events: direct expenses

    $21,447

  • 8c · Net income from fundraising events

    total $136 · excluded $136

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,784 · related or exempt $6,784

  • 11e · Other revenue, total

    $6,784

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $169,864 · program services $169,864

  • 5 · Compensation of officers, directors and key employees

    total $287,229 · program services $287,229

  • 7 · Other salaries and wages

    total $184,216 · program services $184,216

  • 8 · Pension plan contributions

    total $34,696 · program services $34,696

  • 9 · Other employee benefits

    total $2,269 · program services $2,269

  • 10 · Payroll taxes

    total $28,033 · program services $28,033

  • 11c · Fees: accounting

    total $27,825 · program services $27,825

  • 11g · Fees: other

    total $27,230 · program services $27,230

  • 13 · Office expenses

    total $16,140 · program services $16,140

  • 14 · Information technology

    total $16,856 · program services $16,856

  • 16 · Occupancy

    total $33,941 · program services $33,941

  • 17 · Travel

    total $17,867 · program services $17,867

  • 19 · Conferences, conventions and meetings

    total $44,585 · program services $44,585

  • 21 · Payments to affiliates

    total $5,603 · program services $5,603

  • 22 · Depreciation, depletion and amortization

    total $2,848 · program services $2,848

  • 23 · Insurance

    total $7,865 · program services $7,865

  • 24a · Other expenses: WORKSHOPS

    total $58,294 · program services $58,294

  • 24b · Other expenses: DIRECTORS FEES

    total $16,696 · program services $16,696

  • 24c · Other expenses: AUTO

    total $5,153 · program services $5,153

  • 24d · Other expenses: DONATIONS

    total $5,000 · program services $5,000

  • 24e · All other expenses

    total $1,561 · program services $1,561

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,339,300 · end of year $1,491,390

  • 2 · Savings and temporary cash investments

    beginning of year $1,329,095 · end of year $1,452,641

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,822 · end of year $19,561

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

    $87,009

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

    $75,710

  • 10c · Land, buildings and equipment, net

    beginning of year $14,147 · end of year $11,299

  • 12 · Investments: other securities

    beginning of year $25,000 · end of year $25,000

  • 15 · Other assets

    beginning of year $161,784 · end of year $137,316

  • 17 · Accounts payable and accrued expenses

    beginning of year $604,161 · end of year $622,304

  • 25 · Other liabilities

    beginning of year $143,779 · end of year $119,251

  • 27 · Net assets without donor restrictions

    beginning of year $1,372,075 · end of year $1,641,284

  • 28 · Net assets with donor restrictions

    beginning of year $760,133 · end of year $754,368

Mission and programs · 2023

Mission

THE NEBRASKA COOPERATIVE COUNCIL IS A TRADE ASSOCIATION OF NEBRASKA COOPERATIVES ORGANIZED UNDER THE NEBRASKA NONPROFIT CORPORATION ACT. THE COUNCIL WAS ORGANIZED TO FOSTER, IMPROVE AND PROMOTE A BETTER UNDERSTANDING OF AGRICULTURAL PRINCIPLES AND PRACTICES, AS WELL AS GATHER AND DISSEMINATE INFORMATION CONCERING THE HISTORY, DEVELOPMENT AND GROWTH OF AGRICULTURAL COOPERATIVES AND THEIR CONTRIBUTION TO THE WELFARE OF THE AMERICAN PEOPLE AND TO THE RESIDENTS OF NEBRASKA. THE COUNCIL PROVIDES EDUCATIONAL, LEGISLATIVE AND LEGAL SERVICES TO ITS MEMBERS AND IS SUPPORTED PRIMARILY BY DUES AND FEES RECEIVED FROM MEMBER COOPERATIVES.

Activities or mission (Part I)

NEBRASKA COOPERATIVE COUNCIL IS A TRADE ASSOCATION OF NEBRASKA COOPERATIVES. THE ORGANIZATION PROVIDES EDUCATIONAL, LEGISLATIVE AND LEGAL SERVICES TO ITS MEMBERS AND IS SUPPORTED PRIMARILY BY DUES AND FEES RECEIVED FROM MEMBER COOPERATIVES.

  • UNRESTRICTED FUND - THE COUNCIL PROVIDES EDUCATIONAL, LEGISLATIVE AND LEGAL SERVICES TO ITS MEMBERS.

    Expenses $886,507 · Grants $62,600 · Revenue $925,171

  • RESTRICTED USE FUND - NCC-PAC - DURING THE FISCAL YEAR ENDED AUGUST 31, 2000, THE COUNCIL ESTABLISHED A POLITICAL ACTION COMMITTEE. THE PURPOSE OF THIS FUND IS TO SOLICIT AND RECEIVE POLITICAL CONTRIBUTIONS AND MAKE EXPENDITURES TO SUPPORT OR OPPOSE SUCH ISSUES OR CANDIDATES AS DEEMED APPROPRIATE; TO PROMOTE THE ECONOMIC AND SOCIAL WELL BEING OF THE COUNCIL MEMBERS THROUGH POLITICAL INVOLVEMENT; AND PROMOTE THE PERSONAL AND FINANCIAL INVOLVEMENT OF COUNCIL MEMBERS IN THE ELECTORAL PROCESS, REGARDLESS OF POLITICAL AFFILIATION. VOLUNTARY CONTRIBUTIONS TO THE PAC BY MEMBERS TOTALED $26,685 AND $25,646 FOR THE YEARS ENDED AUGUST 31, 2023 AND 2024, RESPECTIVELY.NATIONAL AFFAIRS COOPERATIVE ACTION - DURING THE FISCAL YEAR ENDED AUGUST 31, 2001, THE COUNCIL ESTABLISHED THE AGRICULTURAL CONVERGENCE FUND. THE PURPOSE OF THIS FUND IS TO EDUCATE THE CONGRESSIONAL DELEGATION ON HOW LEGISLATION IN CONGRESS MAY IMPACT NEBRAKA'S FARMER-OWNED COOPERATIVES AND THEIR MEMBERS; BUILD RELATIONS WITH STATEWIDE LEADERSHIP; AND EDUCATE MEMBER PRODUCERS ABOUT THEIR COOPERATIVES AND THE BENEFITS OF COOPERATIVE MEMBERSHIP. SUBSEQUENTLY, THE COUNCIL EXPANDED THE PURPOSE OF THIS FUND TO SPECIFICALLY INCLUDE ACTIVITIES RELATIVE TO THE DENFENSE OF THE CAPPER-VOLSTEAD ACT. THIS ACT PROVIDES LIMITED ANTI-TRUST PROTECTION FOR PRODUCERS TO PROCESS AND MARKET THEIR AGRICULTURAL PRODUCTS ON A COOPERATIVE BASIS. DURING THE YEAR ENDED AUGUST 31, 2012, THE COUNCIL CHANGED THE NAME OF THIS FUND TO THE NATIONAL AFFAIRS COOPERATIVE ACTION FUND. THE FUND HAD RELATED EXPENSES OF $16,383 FOR THE YEAR ENDED AUGUST 31, 2024.

    Expenses $89,533 · Grants $89,533 · Revenue $25,646

  • RESTRICTED USE FUND - FUND FOR EXCELLENCE - DURING THE YEAR ENDED AUGUST 31, 1999, THE COUNCIL ESTABLISHED THE 'FUND FOR EXCELLENCE'. THE PURPOSE OF THIS FUND IS TO BENEFIT AND SUPPORT AGRICULTURAL COOPERATIVE EDUCATION PROGRAMS AT THE INSTITUTE OF AGRICULTURAL AND NATURAL RESOURCES, UNIVERSITY OF NEBRASKA FOUNDATION, OR ANY OTHER LAND GRANT COLLEGE.ENERGY SOURCE - DURING THE YEAR ENDED AUGUST 31, 2011, THE COUNCIL ESTABLISHED THE ENERGY SOURCE FUND. THE PURPOSE OF THIS FUND IS TO CHANLLANGE THE NEBRASKA DEPARTMENT OF REVENUE REGARDING ITS APPLICATION OF THE ENERGY SOURCE EXEMPTION ALLOWED FOR GRAIN COOPERATIVES. THE COUNCIL REQUESTED A VOLUNTARY CONTRIBUTION FROM THOSE MEMBERS AFFECTED BY THIS EXEMPTION EQUAL TO 13% OF THEIR 2011 COUNCIL DUES. ANY FUNDS REMAINING AFTER THIS ISSUES IS RESOLVED ARE TO BE REFUNDED TO THE CONTRIBUTING MEMBERS ON A PROPORTIONAL BASIS. CONTRIBUTIONS RETURNED TO THE FUND FOR YEAR ENDED AUGUST 31, 2024 AMOUNTED TO $0.LEGACY INITIATIVE - THE LEGACY INITIATIVE IS A MULTI-PHASE PROJECT COMMENCED BY THE BOARD OF DIRECTORS OF THE COUNCIL IN 2017 TO STUDY AND DEVELOP PROGRAMS AND ACTIONS TO STRENGTHEN THE OWNERSHIP RELATIONSHIP BETWEEN COOPERATIVE PATRONS AND THEIR RESPECTIVE COOPERATIVES AND TO INTRODUCE THE COOPERATIVE BUSINESS MODEL TO YOUNG AGRICULTURAL PRODUCERS. AFTER COMPLETING PHASES I AND II WHICH CONSISTED OF SURVEYS OF NEBRASKA AGRICULTURAL PRODUCERS AND COOPERATIVE EMPLOYEES IN LATE 2018; THE COUNCIL HAS ENTERED AN ACTION PHASE OF THE PROJECT IN THE DEVELOPMENT OF EDUCATIONAL PROGRAMMING FOR COOPERATIVE VALUE PROPOSITION AS WELL AS THE DEVELOPMENT OF PEER EDUCATIONAL EXPERIENCES FOR YOUNG AGRICULTURAL PRODUCERS TO PROVIDE THEM WITH AN ADDED VALUE IN COOPERATIVE MEMBERSHIP AND LOYALTY. THIS ACTION PHASE WILL BE CONDUCTED ON AN OPPORTUNITY DRIVEN BASIS. THE NEBRASKA COOPERATIVE MANAGERS ASSOCIATION DONED $20,000 IN 2019 TO ESTABLISH THE LEGACY INITIATIVE FUND TO PROVIDE SUPPORT FOR THESE PROJECTS ON AN AS NEEDED BASIS. THE FUND HAD RELATED EXPENSES OF $17,731 FOR THE YEAR ENDED AUGUST 31,2024.

    Expenses $17,731 · Grants $17,731

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

Listed in Part VII

  • Dean Thernes

    CHAIRPERSON

    Total calculated
    $1,396
    From this org
    $1,396
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jeremy Wilhelm

    VICE-CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Rowe

    SECRETARY-TREASURER

    Total calculated
    $2,503
    From this org
    $2,503
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Chris Beins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Luke Carlson

    DIRECTOR

    Total calculated
    $1,887
    From this org
    $1,887
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Jeff Krejdl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Loschen

    DIRECTOR

    Total calculated
    $3,101
    From this org
    $3,101
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.5

  • Cary Sandell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Allan Zumpfe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rocky Weber

    PRESIDENT

    Total calculated
    $278,342
    From this org
    $264,414
    From related orgs
    $0
    Other
    $13,928
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $264,414
    Bonus
    $0
    Other
    $0
    Deferred
    $4,148
    Nontaxable benefits
    $9,780
    Filer's total
    $278,342

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 December 2024
IRS schema version
2023v5.1
Source object
202403559349300025

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