Minnesota Corn Growers Association
Pub 78

Minnesota Corn Growers Association
Pub 78

Burnsville, MN, US
501(c)(5)
EIN
41-1369512

Minnesota Corn Growers Association
Pub 78

Burnsville, MN, US
501(c)(5)
EIN
41-1369512

Income Statement

Fiscal Year Start:
Oct 1
Revenues in 2024

$5,564,983

Program Services
99%
Investments
1%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$5,616,571

Salaries & Benefits
33%
Other
16%
Fees to Service Providers
15%
Advertising & Promotion
14%
Grants
12%
Offices, Occupancy & IT
7%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$300
$1,000
+233%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$5,596,259
$5,494,816
-2%
Membership Dues
$0
$0
-
Investments
$39,307
$69,167
+76%
Other
$0
$0
-
Total Revenues
$5,635,866
$5,564,983
-1%
Expenses
2023
2024
Change
Grants
$1,050,868
$674,607
-36%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,789,744
$1,878,598
+5%
Fees to Service Providers
$832,813
$839,238
+1%
Advertising & Promotion
$676,571
$811,270
+20%
Offices, Occupancy & IT
$382,208
$419,942
+10%
Interest
$326
$0
-100%
Depreciation
$100,522
$74,933
-25%
Other
$951,841
$917,983
-4%
Total Expenses
$5,784,893
$5,616,571
-3%
Net income
2023
2024
Change
Net income
-$149,027
-$51,588
+65%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$5,784,893
$5,616,571
-3%
Income Statement
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