Minnesota Agricultural Interpretive Center
Nonprofit profile at a glance
- EIN
- 411326437
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Waseca, MN, USA
- Phone
- 5078352052
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Agricultural Programs
Reported finances
- Revenue
- $648,179
- Expenses
- $692,165
- Assets
- $2,469,703
- Liabilities
- $279,276
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- JESSICA ROLLINS (Executive Dir.): $74,764 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Preserve and promote the strong heritage of Minnesota agriculture.
What it reported doing in 2024
Seasonal educational experiences to promote awareness of Minnesota agriculture.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 84
- Accountability: 74
- Sustainability: 42
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.1%; rating input score 96
- Program expense ratio: 89.7%; rating input score 90
- Fundraising efficiency: $17.22 raised per $1 spent on fundraising; rating input score 54; 54th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6.8%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 3.57; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 10.8%; rating input score 34; 34th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: -2% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 96.1% of revenue deployed · 89.7% of spending went to programs
- Governance: 14 of 14 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $621K in reported program spending
- Leadership: top reported pay $75K · 13 people listed
- Highest-paid contractors: 1 contractor listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 54/100.
- High — Sustainability: Operating margin scored 21/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Officer compensation ratio scored 34/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.