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Nonprofiteer
← MINNESOTA FARMERS UNION

Form 990 for tax year 2022

Filed by MINNESOTA FARMERS UNION.

Totals

Total revenue
$1,837,036
Total expenses
$2,858,302
Contributions and grants received
$114,817
Grants paid
$100,000
Program service revenue
$1,354,665
Investment income
$27,005
Other revenue
$340,549
Total assets, end of year
$36,827,833
Total liabilities, end of year
$984,872
Net assets or fund balances, end of year
$35,842,961
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1b · Membership dues

    $114,817

  • 2a · Program service revenue: EDUCATIONAL FUNDS

    total $1,284,573 · related or exempt $1,284,573

  • 2b · Program service revenue: INSURANCE STATE SERVICE

    total $70,092 · unrelated business $70,092

  • 3 · Investment income

    total $15,137 · unrelated business $10,003 · excluded $5,134

  • 7a · Gross sales of assets other than inventory

    securities $86,276 · other assets $21,913

  • 7b · Less cost or other basis and sales expenses

    securities $96,321

  • 7c · Gain or loss

    securities -$10,045 · other assets $21,913

  • 7d · Net gain or loss

    total $11,868 · related or exempt $13,193 · excluded -$1,325

  • 10a · Gross sales of inventory

    $423,663

  • 10b · Cost of goods sold

    $174,753

  • 10c · Net income from sales of inventory

    total $248,910 · unrelated business $248,910

  • 11a · Other revenue: MIDWEST AGENCY LLP

    total $84,161 · unrelated business $84,161

  • 11b · Other revenue: OTHER REVENUE

    total $9,273 · excluded $9,273

  • 11c · Other revenue: MIDWEST AGENCY OTHER INC

    total -$1,795 · unrelated business -$1,795

  • 11e · Other revenue, total

    $91,639

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000

  • 7 · Other salaries and wages

    total $897,289

  • 9 · Other employee benefits

    total $211,747

  • 10 · Payroll taxes

    total $73,524

  • 11b · Fees: legal

    total $16,804

  • 11c · Fees: accounting

    total $94,817

  • 11g · Fees: other

    total $77,854

  • 12 · Advertising and promotion

    total $150,936

  • 13 · Office expenses

    total $293,698

  • 14 · Information technology

    total $20,595

  • 16 · Occupancy

    total $120,589

  • 17 · Travel

    total $352,381

  • 19 · Conferences, conventions and meetings

    total $25,626

  • 20 · Interest

    total $3,116

  • 22 · Depreciation, depletion and amortization

    total $71,841

  • 23 · Insurance

    total $33,624

  • 24a · Other expenses: ORGANIZATION EXPENSES

    total $254,853

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $59,008

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,454,700 · end of year $1,079,585

  • 4 · Accounts receivable

    beginning of year $98,979 · end of year $933,251

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,648 · end of year $6,673

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

    $1,391,854

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

    $412,432

  • 10c · Land, buildings and equipment, net

    beginning of year $1,039,288 · end of year $979,422

  • 13 · Investments: program-related

    beginning of year $30,809,889 · end of year $33,828,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,271 · end of year $40,645

  • 23 · Secured mortgages and notes payable

    beginning of year $301,914

  • 25 · Other liabilities

    beginning of year $1,011,906 · end of year $944,227

  • 27 · Net assets without donor restrictions

    beginning of year $32,031,413 · end of year $35,842,961

Mission and programs · 2022

Mission

OUR EXEMPT PURPOSE IS TO REPRESENT MEMBERSHIP INTEREST, COMPRISED OF RURAL FARM COMMUNITES, BY INFORMING AND EDUCATING THEM ON ISSUES RELATEVE TO AGRICULTURE.

Activities or mission (Part I)

INFORM, EDUCATE AND REPRESENT OUR MEMBER INTERESTS REGARDING ISSUES IN AGRICULTURE.

  • OUR EXEMPT PURPOSE IS TO REPRESENT MEMBERSHIP INTERESTS, COMPRISED OF RURAL FARM COMMUNITIES, BY INFORMING AND EDUCATING THEM ON ISSUES RELATIVE TO AGRICULTURE.

  • OUR EXEMPT PURPOSE IS TO REPRESENT MEMBERSHIP INTERESTS, COMPRISED OF RURAL FARM COMMUNITIES, BY INFORMING AND EDUCATING THEM ON ISSUES RELATIVE TO AGRICULTURE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Wertish

    PRESIDENT

    Total calculated
    $257,500
    From this org
    $250,000
    From related orgs
    $0
    Other
    $7,500
    Hours/week
    39.7 + 0.3 related

    Schedule J breakdown matched by us

    Base
    $250,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,500
    Nontaxable benefits
    not reported
    Filer's total
    $257,500

  • Carol Anderson

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Linda Larson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Steve Linder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Melissa Roach

    SECRETARY

    Total calculated
    $0
    Hours/week
    39.7 + 0.3 related

  • Anne Schwagerl

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Josh Vanderpol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.3 related

  • Ted Winter

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 0.3 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

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.

  • MN FARMERS UNION SERVICE CORP

    INSURANCE · MN

Provenance

Return type
form_990
Tax year
2022
Filed
2 October 2023
IRS schema version
2022v5.0
Source object
202323069349303002

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