Skip to content
Nonprofiteer
← MINNESOTA FARM BUREAU FEDERATION

Form 990 for tax year 2024

Filed by MINNESOTA FARM BUREAU FEDERATION.

Totals

Total revenue
$4,985,365
Total expenses
$4,404,028
Contributions and grants received
$418,158
Grants paid
$173,754
Program service revenue
$1,751,127
Investment income
$311,578
Other revenue
$2,504,502
Total assets, end of year
$7,843,062
Total liabilities, end of year
$1,562,989
Net assets or fund balances, end of year
$6,280,073
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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)

    $414,258

  • 1f · All other contributions, gifts and grants

    $3,900

  • 2a · Program service revenue: Membership Dues

    total $1,623,001 · related or exempt $1,623,001

  • 2b · Program service revenue: Annual Meeting

    total $67,132 · related or exempt $67,132

  • 2c · Program service revenue: Leadership Income

    total $60,944 · related or exempt $60,944

  • 2d · Program service revenue: Online Sales

    total $50 · related or exempt $50

  • 3 · Investment income

    total $218,068 · excluded $218,068

  • 5 · Royalties

    total $2,397,942 · excluded $2,397,942

  • 6a · Gross rents

    real property $9,600

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $9,600

  • 6d · Net rental income or loss

    total $9,600 · excluded $9,600

  • 7a · Gross sales of assets other than inventory

    securities $1,437,715

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

    securities $1,344,205

  • 7c · Gain or loss

    securities $93,510

  • 7d · Net gain or loss

    total $93,510 · excluded $93,510

  • 11a · Other revenue: Land and Life Income

    total $76,501 · unrelated business $76,501

  • 11b · Other revenue: Member Benefit Income

    total $20,459 · excluded $20,459

  • 11e · Other revenue, total

    $96,960

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $152,322

  • 2 · Grants to domestic individuals

    total $21,432

  • 5 · Compensation of officers, directors and key employees

    total $407,351

  • 7 · Other salaries and wages

    total $1,529,551

  • 8 · Pension plan contributions

    total $127,828

  • 9 · Other employee benefits

    total $258,927

  • 10 · Payroll taxes

    total $114,044

  • 11b · Fees: legal

    total $8,090

  • 11c · Fees: accounting

    total $21,780

  • 11f · Fees: investment management

    total $40,283

  • 12 · Advertising and promotion

    total $279,462

  • 13 · Office expenses

    total $40,468

  • 14 · Information technology

    total $96,595

  • 16 · Occupancy

    total $66,035

  • 17 · Travel

    total $202,782

  • 19 · Conferences, conventions and meetings

    total $456,146

  • 22 · Depreciation, depletion and amortization

    total $70,905

  • 23 · Insurance

    total $40,949

  • 24a · Other expenses: Dues and subscriptions

    total $173,549

  • 24b · Other expenses: Miscellaneous

    total $100,686

  • 24c · Other expenses: Membership processing

    total $82,372

  • 24d · Other expenses: County incentive

    total $58,153

  • 24e · All other expenses

    total $54,318

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $446,856 · end of year $350,753

  • 2 · Savings and temporary cash investments

    beginning of year $29,943 · end of year $37,765

  • 4 · Accounts receivable

    beginning of year $228,549 · end of year $241,276

  • 8 · Inventories for sale or use

    beginning of year $16,235 · end of year $14,450

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,846 · end of year $8,497

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

    $168,635

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

    $146,564

  • 10c · Land, buildings and equipment, net

    beginning of year $22,726 · end of year $22,071

  • 11 · Investments: publicly traded securities

    beginning of year $6,032,590 · end of year $6,962,612

  • 15 · Other assets

    beginning of year $276,932 · end of year $205,638

  • 17 · Accounts payable and accrued expenses

    beginning of year $480,833 · end of year $568,187

  • 19 · Deferred revenue

    beginning of year $782,352 · end of year $781,634

  • 25 · Other liabilities

    beginning of year $286,468 · end of year $213,168

  • 27 · Net assets without donor restrictions

    beginning of year $5,534,024 · end of year $6,280,073

Mission and programs · 2024

Mission

To ensure Minnesota's agricultural vitality by amplifying its members' voices through engagement, grassroots advocacy and agricultural awareness

Activities or mission (Part I)

We operate for outreach and educational purposes for the well-being of Minnesota Agriculture.

  • Field Service: Provide 7 field representatives to county organizations throughout Minnesota. Field representatives help county organizations implement Farm Bureau programs.

  • Member Services & County Activities: Provide support to county farm bureau organizations.

  • Legislative, Research & Education: Provide information on agricultural issues to those involved in AG legislation. Host meetings to update members on AG issues.

As filed on the 2024 return.

Listed in Part VII

  • Dan Glessing

    President

    Total calculated
    $110,517
    From this org
    $82,658
    From related orgs
    $0
    Other
    $27,859
    Hours/week
    20 + 10 related

  • Carolyn Olson

    Vice-President

    Total calculated
    $27,161
    From this org
    $16,294
    From related orgs
    $0
    Other
    $10,867
    Hours/week
    2 + 1 related

  • Jeff Pagel

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Robert Roelofs

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Peter Bakken

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Nathan Collins

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Fran Miron

    Director

    Total calculated
    $6,150
    From this org
    $6,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 1 related

  • Miles Kuschel

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Bruce Benden

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Katie Drewitz

    Young Farmers and Ranchers

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Tiffany Kobbermann

    Promotion and Education Ch

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • David Johnson

    Director of Operations/Tre

    Total calculated
    $188,759
    From this org
    $156,225
    From related orgs
    $0
    Other
    $32,534
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $156,225
    Bonus
    $0
    Other
    $0
    Deferred
    $17,850
    Nontaxable benefits
    $14,684
    Filer's total
    $188,759

  • Karin Schaefer

    Executive Director/Secreta

    Total calculated
    $191,715
    From this org
    $161,184
    From related orgs
    $0
    Other
    $30,531
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $161,184
    Bonus
    $0
    Other
    $0
    Deferred
    $18,847
    Nontaxable benefits
    $11,684
    Filer's total
    $191,715

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.

  • Minnesota Foundation For Agriculture

    501(c)(3) · Promote agriculture through the support of education, leadership, research, · MN · controlled entity

    Directly controlled by Minnesota Farm Bureau Federation

Provenance

Return type
form_990
Tax year
2024
Filed
20 July 2026
IRS schema version
2024v5.5
Source object
202632029349300333

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.