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Nonprofiteer
← GRAND FARM RESEARCH AND EDUCATION INITIATIVE INC

Form 990 for tax year 2022

Filed by GRAND FARM RESEARCH AND EDUCATION INITIATIVE INC.

Totals

Total revenue
$4,330,636
Total expenses
$835,331
Contributions and grants received
$4,245,633
Grants paid
$0
Program service revenue
$46,726
Investment income
$1,941
Other revenue
$36,336
Total assets, end of year
$4,493,584
Total liabilities, end of year
$955,733
Net assets or fund balances, end of year
$3,537,851
Program services expenses (Part IX)
$782,833
Management and general expenses
$49,409
Fundraising expenses
$3,089
Program service expenses (Part III)
$782,833

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MIKE DERHEIM

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • TAYA SPELLHAUG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY SCHULER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG TEHVEN

    BOARD MEMBER

    Total calculated
    $187,849
    From this org
    $0
    From related orgs
    $187,849
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,849 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $187,849 related

  • CYNTHIA SCHREIBER-BECK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARK WATNE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAKE JORRANSTAD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS DETERMINED AND RECORDED BY THE RELATED PARTY'S BOARD OF DIRECTORS BASED ON COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONSEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. THIS PROCESS WAS LAST UNDERTAKEN IN 2018.

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.

  • EMERGING PRAIRIE

    501(C)3 · CONNECTING AND CELEBRATING THE ENTREPRENEURIAL ECOSYSTEM IN FARGO-MOORHEAD. · ND

    Directly controlled by EMERGING PRAIRIE

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349303004

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