Taylor Family Farms Foundation Inc

Nonprofit profile at a glance

EIN
934509448
IRS 990 coverage
2023–2025
Forms available
Form 990 2025
Location
North Mankato, MN, USA
Phone
5076252828
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Reported finances

Revenue
$104,238,144
Expenses
$2,808,120
Assets
$275,442,636
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Kristin Duncanson - Chairperson (President/ Mankato Area Fdtn Rep)

Highest reported compensation

  • Jeremy Wells - Vice President (St. Paul & MN Foundation Rep): $363,858 total reported compensation
  • Tim Penny - Treasurer (Southern MN Initiative Fdtn Rep): $101,436 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Taylor Family Farms Foundation supports and enhances rural communities in southern Minnesota and northern Iowa. Through innovative and empowering collaboration with knowledgeable and trusted philanthropic partners, Taylor Family Farms Foundation works to build resilient rural communities.

What it reported doing in 2025

Taylor Family Farms Foundation supports and strengthens rural communities in southern Minnesota and northern Iowa. For a complete list of the counties the Foundation serves, please visit www.taylorfff.org. In 2025, the Foundation awarded grants to 87 organizations to support the purchase of critical emergency response equipment and to provide community health and human support.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 35
  • Transparency & Controls: 67
  • Accountability: 51
  • Sustainability: 94
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 2.8%; rating input score 3
  • Program expense ratio: 99%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.3%; rating input score 99; 47th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 9th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 97.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 98.09; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 92.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -36.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 24.7% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 2.8% of revenue deployed · 99% of spending went to programs
  • Governance: 3 of 5 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $364K · 5 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $103K reported
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 79 filed money-flow records
  • Related organizations: 81 filed related-organization links
  • 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 3/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.