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← MINNESOTA FOUNDATION FOR AGRICULTURE

Form 990 for tax year 2023

Filed by MINNESOTA FOUNDATION FOR AGRICULTURE.

Totals

Total revenue
$246,773
Total expenses
$224,580
Contributions and grants received
$192,089
Grants paid
$140,111
Program service revenue
$0
Investment income
$20,274
Other revenue
$34,410
Total assets, end of year
$558,296
Total liabilities, end of year
$33,050
Net assets or fund balances, end of year
$525,246
Program services expenses (Part IX)
$186,675
Management and general expenses
$33,241
Fundraising expenses
$4,664
Program service expenses (Part III)
$186,675

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Dan Glessing

    President

    Total calculated
    $59,540
    From this org
    $0
    From related orgs
    $59,540
    Other
    $0
    Hours/week
    10 + 20 related

  • Carolyn Olson

    Vice President

    Total calculated
    $13,800
    From this org
    $0
    From related orgs
    $13,800
    Other
    $0
    Hours/week
    1 + 2 related

  • Jeff Pagel

    Director

    Total calculated
    $3,450
    From this org
    $0
    From related orgs
    $3,450
    Other
    $0
    Hours/week
    1 + 2 related

  • Bob Roelofs

    Director

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    1 + 2 related

  • Peter Bakken

    Director

    Total calculated
    $6,110
    From this org
    $0
    From related orgs
    $6,110
    Other
    $0
    Hours/week
    1 + 2 related

  • Nathan Collins

    Director

    Total calculated
    $4,050
    From this org
    $0
    From related orgs
    $4,050
    Other
    $0
    Hours/week
    1 + 2 related

  • Fran Miron

    Director

    Total calculated
    $4,950
    From this org
    $0
    From related orgs
    $4,950
    Other
    $0
    Hours/week
    1 + 2 related

  • Miles Kuschel

    Director

    Total calculated
    $7,200
    From this org
    $0
    From related orgs
    $7,200
    Other
    $0
    Hours/week
    1 + 2 related

  • Shayne Isane

    Director

    Total calculated
    $2,850
    From this org
    $0
    From related orgs
    $2,850
    Other
    $0
    Hours/week
    1 + 2 related

  • Steve Schoenfeld

    Promotion & Education Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jessica Bester

    Young Farmers & Ranchers Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Karin Schaefer

    Executive Director/Secretary

    Total calculated
    $187,948
    From this org
    $0
    From related orgs
    $151,377
    Other
    $36,571
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,882 related
    Nontaxable benefits
    $0 + $19,689 related
    Filer's total
    $0 + $187,948 related

  • Dave Johnson

    Director of Operations/Treasurer

    Total calculated
    $184,233
    From this org
    $0
    From related orgs
    $149,263
    Other
    $34,970
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,263 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,306 related
    Nontaxable benefits
    $0 + $18,664 related
    Filer's total
    $0 + $184,233 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)

Part I, Line 3
The Foundation's directors and officers are paid by Minnesota Farm Bureau Federation, a related organization. Compensation for the officers and directors is determined and approved by the Federation in accordance with its policies, which included approval by the Board or compensation committee.

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
28 May 2025
IRS schema version
2023v6.0
Source object
202531569349300913

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