Skip to content
Nonprofiteer
← FARMERS UNION FOUNDATION

Form 990 for tax year 2023

Filed by FARMERS UNION FOUNDATION.

Totals

Total revenue
$1,303,719
Total expenses
$759,757
Contributions and grants received
$1,214,185
Grants paid
$0
Program service revenue
$20,430
Investment income
$22,768
Other revenue
$46,336
Total assets, end of year
$5,804,638
Total liabilities, end of year
$1,603,614
Net assets or fund balances, end of year
$4,201,024
Program services expenses (Part IX)
$694,563
Management and general expenses
$65,194
Fundraising expenses
$0
Program service expenses (Part III)
$694,563

Program services were 91.4% 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)

    $319,859

  • 1f · All other contributions, gifts and grants

    $894,326

  • 2a · Program service revenue: CAMP REGISTRATIONS

    total $17,888 · related or exempt $17,888

  • 2b · Program service revenue: MN COOKS

    total $2,542 · related or exempt $2,542

  • 3 · Investment income

    total $22,768 · excluded $22,768

  • 6a · Gross rents

    real property $36,875

  • 6c · Rental income or loss

    real property $36,875

  • 6d · Net rental income or loss

    total $36,875 · related or exempt $36,875

  • 8a · Fundraising events: gross income

    $34,600

  • 8b · Fundraising events: direct expenses

    $25,960

  • 8c · Net income from fundraising events

    total $8,640 · excluded $8,640

  • 11a · Other revenue: OTHER REVENUE

    total $821 · related or exempt $821

  • 11e · Other revenue, total

    $821

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $7,490 · program services $7,490

  • 11c · Fees: accounting

    total $22,580 · program services $24 · management and general $22,556

  • 11g · Fees: other

    total $424,706 · program services $415,639 · management and general $9,067

  • 12 · Advertising and promotion

    total $33,164 · program services $33,030 · management and general $134

  • 13 · Office expenses

    total $10,965 · program services $8,222 · management and general $2,320 · fundraising $423

  • 16 · Occupancy

    total $19,243 · program services $19,243

  • 17 · Travel

    total $43,443 · program services $41,556 · management and general $1,887

  • 19 · Conferences, conventions and meetings

    total $38,994 · program services $37,436 · management and general $1,558

  • 20 · Interest

    total $29,762 · program services $29,762

  • 22 · Depreciation, depletion and amortization

    total $12,011 · program services $12,011

  • 24a · Other expenses: SCHOLARSHIPS

    total $117,650 · program services $90,150 · management and general $27,500

  • 24b · Other expenses: OTHER EXPENSES

    total $25,709 · management and general $172 · fundraising $25,537

  • 24c · Other expenses: DIRECT FUNDRAISING EXPENS

    total -$25,960 · fundraising -$25,960

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,267,837 · end of year $3,060,194

  • 4 · Accounts receivable

    beginning of year $737,432 · end of year $381,097

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

    $2,478,049

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

    $114,702

  • 10c · Land, buildings and equipment, net

    beginning of year $349,921 · end of year $2,363,347

  • 15 · Other assets

    beginning of year $1,565,965

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,137 · end of year $83,242

  • 18 · Grants payable

    end of year $88,620

  • 19 · Deferred revenue

    end of year $10,683

  • 23 · Secured mortgages and notes payable

    beginning of year $256,956 · end of year $1,421,069

  • 27 · Net assets without donor restrictions

    beginning of year $2,948,879 · end of year $3,813,773

  • 28 · Net assets with donor restrictions

    beginning of year $708,183 · end of year $387,251

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO EDUCATE THE GENERAL PUBLIC ON THE HISTORY OF FARMING AND THE ROLE OF FARM COOPERATIVES IN HELPING SOLVE PAST AND CURRENT ISSUES IN AGRICULTURE.

Activities or mission (Part I)

TO EDUCATE THE GENERAL PUBLIC ON THE HISTORY OF FARMING AND THE ROLE OF FARM COOPERATIVES IN HELPING SOLVE PAST AND CURRENT ISSUES IN AGRICULTURE.

  • EDUCATED THE GENERAL PUBLIC ON THE HISTORY OF FARM COOPERATIVES. WE STRIVED TO DO THIS THROUGH PUBLISHED AND PRINTED MATERIALS, OFFERING VARIOUS EDUCATION SEMINARS AND STAFFING BOOTHS AT VARIOUS FAIRS AND EVENTS THROUGHOUT THE STATE OF MINNESOTA. THIS WAS PRIMARILY DONE BY PROVIDING SUMMER CAMPS FOR YOUTH DESIGNED TO INTRODUCE THEM TO THE HISTORY OF FARMING AND THE ROLE FARM COOPERATIVES PLAY IN AGRICULTURE; HOSTING SEMINARS AND CONFERENCES ON CURRENT ISSUES FACING AGRICULTURE AND COOPERATIVES, AND BY PUBLISHING A MN COOKS CALENDAR THAT HIGHLIGHTED AGRICULTURE IN MINNESOTA AND PROVIDED RECIPES FROM LOCAL RESIDENTS USING MINNESOTA GROWN PRODUCTS.

    Expenses $694,563 · Revenue $57,305

As filed on the 2023 return.

Listed in Part VII

  • Gary Wertish

    PRESIDENT

    Total calculated
    $258,250
    From this org
    $0
    From related orgs
    $250,000
    Other
    $8,250
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    not reported + $250,000 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $8,250 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $258,250 related

  • Anne Schwagerl

    VICE PRESIDE

    Total calculated
    $72,000
    From this org
    $0
    From related orgs
    $66,230
    Other
    $5,770
    Hours/week
    0.3 + 39.7 related

  • Melissa Roach

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Ted Winter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Carol Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Linda Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Steve Linder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Josh Vanderpol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 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

  • 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
  • 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

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 corporations and trusts

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

  • MN FARMERS UNION SERVICE CORP

    C CORP · INSURANCE · MN · share of assets $12,623,125

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.0
Source object
202403169349304535

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.