Greenseam Futures
Nonprofit profile at a glance
- EIN
- 882909608
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024
- Location
- Mankato, MN, USA
- Phone
- 5073856645
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $116,623
- Expenses
- $10,304
- Assets
- $179,845
- Liabilities
- $2,900
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- SAM ZIEGLER (PRESIDENT)
People named in this filing
- SAM ZIEGLER (PRESIDENT)
- GARY KOCH (CHAIR)
- MATT DOWNS (TREASURER/SE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is operated for charitable, scientific, and educational purposes, with the mission to be the gateway for southern Minnesota for resources to educate, launch and grow tomorrow's agricultural and food leaders, innovators, and entrepreneurs. Greenseam futures' focus is to foster creative, meaningful collaboration with the agricultural community and educational institutions of southern Minnesota, for all benefit of local students and the community at large.
What it reported doing in 2024
From ffa to beginning farmer loans, there are a plethora of resources available to students interested in agribusiness and to agribusinesses interested in innovation. One of greenseam futures goals is to avoid duplicating resources already available to area students, ag innovators and entrepreneurs, but also to help these individuals actually find the resources that are the best fit for their needs. The greenseam gateway will leverage greenseam futures extensive knowledge of government and non-profit programs and resources, as well as its connections with the agribusiness community, to help match individuals and small businesses with the best resources for their growth. Greenseam futures plans to implement its work-based learning support program and the greenseam gateway in its first year of operations. At the same time, greenseam futures will be working closely with its educational institution partners to define the first public-benefit research project, identify faculty and students to conduct the research, and to devise a framework for classroom-business partnerships. The organizations goal is to be ready to begin research projects from both categories in greenseam futures second year of operations.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 70% for direct work, and 30% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 44
- Transparency & Controls: 100
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.5%; rating input score 12
- Program expense ratio: 98.4%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 91.2%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 17.45; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -98.4% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: 25.2% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 44.1% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 11.5% of revenue deployed · 98.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $10K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.