2024-03-25T10:58:26-05:00 2023-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2022-07-01 411635043 AGRICULTURAL UTILIZATION RESEARCH INST AGRI 2182817600 510 COUNTY ROAD 71 STE 120 CROOKSTON MN 56716 SHANNON M SCHLECHT EXECUTIVE DIRECTOR 2182817600 2024-03-20 1 SHANNON SCHLECHT 999009999 0 SHELLEY M GAETZ P00066049 3202510286 2024-03-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON M SCHLECHT 510 COUNTY ROAD 71 STE 120 CROOKSTON MN 56716 6457680 0 X WWW.AURI.ORG X 1989 MN AURI WAS CREATED AND FUNDED BY THE MINNESOTA LEGISLATURE TO ACCELERATE THE EXPANSION OF THE AGRICULTURAL ECONOMY BY EMPOWERING EXPANDED USES AND MARKETS OF AGRICULTURALLY DERIVED PRODUCTS. 11 11 38 5 0 0 4779025 5892726 108164 349121 47101 121326 99726 94507 5034016 6457680 0 500000 0 0 3493988 3924634 0 0 0 1467969 1818993 4961957 6243627 72059 214053 6538023 6675740 1228558 1105721 5309465 5570019 AURI WAS CREATED AND FUNDED BY THE MINNESOTA LEGISLATURE TO ACCELERATE THE EXPANSION OF THE AGRICULTURAL ECONOMY BY EMPOWERING EXPANDED USES AND MARKETS OF AGRICULTURALLY DERIVED PRODUCTS. 0 0 4045005 500000 349121 AURI CONDUCTS ONSITE AND APPLIED RESEARCH, PROMOTES THE ESTABLISHMENT OF NEW PRODUCTS AND PRODUCT USES AND THE EXPANSION OF EXISTING MARKETS FOR THE STATE'S AGRICULTURAL COMMODITIES AND PRODUCTS, INCLUDING DIRECT FINANCIAL AND TECHNICAL ASSISTANCE FOR ENTREPRENEURS IN MINNESOTA AND BORDERING STATES. AURI MAINTAINS FACILITIES TO WORK WITH PRIVATE AND PUBLIC ENTITIES TO ACHIEVE MAXIMUM RESULTS FOR MINNESOTA AGRICULTURE. 4045005 1 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 38 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 0 MN X ADAM STRATTON 2182817600 510 COUNTY ROAD 71 SUITE 120 CROOKSTON MN 56716 X CAROLYN OLSON SECRETARY/TREASURER 3.00 X X 1270 0 0 FEDERICO TRIPODI CHAIR 5.00 X X 2025 0 0 JEFF GREV DIRECTOR 3.00 X 0 0 0 JERRY HASNEDL VICE CHAIR 3.00 X X 495 0 0 JOHN SCHAFER DIRECTOR 3.00 X 530 0 0 JON VELDHOUSE DIRECTOR 3.00 X 1135 0 0 KENNETH ASP DIRECTOR 3.00 X 805 0 0 JOE SERBUS DIRECTOR 3.00 X 0 0 0 LAUREN MCNAMARA DIRECTOR 3.00 X 0 0 0 SENATOR ARIC PUTNAM DIRECTOR 3.00 X 0 0 0 REPRESENTATIVE SAMANTHA VANG DIRECTOR 3.00 X 0 0 0 SHANNON SCHLECHT EXECUTIVE DIRECTOR 40.00 X 207219 0 34528 ADAM STRATTON SR. DIRECTOR OF OPERATIONS 40.00 X 132850 0 15761 JASON ROBINSON BUSINESS DEVELOPMENT DIREC 40.00 X 103325 0 8502 JENNIFER WAGNER-LAHR SR. DIRECTOR OF INNOVATION 40.00 X 118808 0 29955 MICHAEL SPARBY COMMERICIALIZATION DIRECTO 40.00 X 103467 0 28964 LUCA ZULLO SR. DIRECTOR OF SCIENCE & TECHNOLOGY 40.00 X 142804 0 8502 RON OBERMOLLER FORMER DIRECTOR 0.00 X 740 0 0 815473 0 126212 6 1 1 0 0 5109287 783439 5892726 FEE-FOR-SERIVCE 110000 285984 285984 SPONSORSHIPS 110000 41008 41008 PROJECT FEES 110000 15378 15378 REGISTRATIONS 611600 6042 6042 OTHER PROGRAM REVENUE 900099 709 709 349121 104209 104209 94507 94507 17117 0 17117 17117 17117 6457680 349121 0 215833 500000 500000 844231 486415 357816 2111417 1325189 786228 182852 111765 71087 569982 342119 227863 216152 133817 82335 4193 4193 22145 22145 300416 40407 260009 54972 15569 39403 110501 62236 48265 198791 147080 51711 142840 67985 74855 13375 1346 12029 233035 180856 52179 67877 67877 OTHER PROGRAM EXPENSES 563308 563308 EQUIPMENT & MAINTENANCE 49936 21730 28206 PROFESSIONAL DEVELOPMEN 16714 8817 7897 SPECIAL PROJECTS 16501 16501 24389 19865 4524 6243627 4045005 2198622 0 650 650 2170123 347991 117229 198866 167010 422567 34487 28039 4445769 3867323 525988 578446 3515486 4599170 7050 500011 6538023 6675740 510954 567081 717604 94882 0 443758 1228558 1105721 X 5309465 5570019 5309465 5570019 6538023 6675740 214053 46501 0 X X 0 1 X 1 0 X 4011263 4284345 5136845 4779025 5892726 24104204 4011263 4284345 5136845 4779025 5892726 24104204 24104204 137433 179370 97796 146827 198716 760142 24864346 1539818 0.96940 0.96740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36000 36000 4009005 4045005 352250 88063 0 0 289784 291497 279964 352250 1213495 1820243 27000 27000 27000 36000 117000 72446 72874 69991 88063 303374 455061 FORM 990, SCHEDULE C, PART II-A, LINE 1B AURI CONTRACTED WITH ROKALA PUBLIC AFFAIRS FOR PROVIDING A 2022 FARM BILL AND FISCAL YEAR 2023 AGRICULTURE LEGISLATIVE STRATEGY. THE TERM OF THE CONTRACT WAS FROM JULY 1, 2022 - JUNE 30, 2023 WITH A SUM OF $3,000 PAID ON A MONTHLY BASIS, FOR A FISCAL YEAR 2023 TOTAL OF $36,000 FOR SERVICES RENDERED. 1243947 1020804 223143 2969819 2623239 346580 232003 223280 8723 578446 CERTIFICATES OF DEPOSIT 3338525 F TREASURY NOTES 1207538 F MORTGAGE-BACKED SECURITIES 53107 F 4599170 ACCRUED INTEREST 57965 OPERATING LEASES 442046 500011 OPERATING LEASES 443758 443758 X 6504181 46501 46501 6457680 0 6457680 6243627 0 6243627 0 6243627 PART X, LINE 2: AURI FOLLOWS FASB ASC TOPIC 740, UNCERTAINTY IN INCOME TAXES. AURI IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF AURI, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF AURI ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO AURI ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, AURI IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF AURI WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. AURI IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. 0 FARMERS UNION FOUNDATION 305 ROSELAWN AVENUE SUITE 200 ST PAUL MN 55117 416041830 501(C)(3) 0 500000 CHARITABLE PURPOSES 1 0 X X X X X X 0 0 0 0 0 0 0 1 0 SHANNON SCHLECHT EXECUTIVE DIRECTOR 207219 0 0 0 0 0 12006 0 22522 0 241747 0 0 0 LUCA ZULLO SR. DIRECTOR OF SCIENCE & TECHNOLOGY 142804 0 0 0 0 0 8374 0 128 0 151306 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR WAS GRANTED ADDITIONAL LEAVE HOURS IN JULY 2019 AS A PART OF COMPENSATION APPROVED BY THE BOARD. THIS AMOUNT, IN TOTAL WAS 240 HOURS, RETROACTIVE TO JANUARY 2019 AND WILL CONTINUE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND IS THEN DISCUSSED AND APPROVED AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT UPON BEING SEATED ON THE AURI BOARD OF DIRECTORS AND IT IS REVIEWED AND SIGNED-OFF UPON ANNUALLY, THEREAFTER. AURI REQUIRES BOARD MEMBERS TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICTS OF INTEREST WITH AURI. FORM 990, PART VI, SECTION B, LINE 15 THE AURI BOARD OF DIRECTORS CONDUCTS AN ANNUAL EVALUATION/REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE. THE BOARD OF DIRECTORS DECIDES UPON AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR WITH INPUT FROM AURI'S HUMAN RESOURCES DEPARTMENT. THE AURI HUMAN RESOURCES DEPARTMENT LOOKS AT COMPARABLE DATA TO SUBSTANTIATE THE COMPENSATION, ALONG WITH INPUT FROM AN INDEPENDENT COMPANY. THE SALARIES, WAGES AND BENEFITS OF ALL AURI EMPLOYEES ARE INCLUDED IN THE ANNUAL BUDGET, WHICH IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS ANNUALLY. ALL COMPENSATION OF AURI EMPLOYEES IS REVIEWED BY ITS HUMAN RESOURCES DEPARTMENT AND AN INDEPENDENT PARTY PRIOR TO HIRE AND REVIEWED ANNUALLY, THEREAFTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST TO THE EXECUTIVE DIRECTOR. FINANCIAL STATEMENTS ARE MADE PUBLICLY AVAILABLE AT BOARD MEETINGS AND UPON REQUEST TO THE EXECUTIVE DIRECTOR. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC SHANNON SCHLECHT - 510 COUNTY ROAD 71, STE #120, CROOKSTON, MN 56716. PART VII MR. KEN ASP REPRESENTS MINNESOTA WHEAT RESEARCH & PROMOTION COUNCIL. MR. RON OBERMOLLER REPRESENTS MINNESOTA SOYBEAN RESEARCH & PROMOTION COUNCIL. MR. JOHN SCHAFER REPRESENTS MN BEEF COUNCIL. MR. JERRY HASNEDL REPRESENTS MINNESOTA FARMER'S UNION. MN WHEAT, MN SOYBEAN, MN BEEF, AND MN FARMER'S UNION ARE COLLABORATORS ON SOME OF AURI'S PROJECTS. SHANNON SCHLECHT AND JIMMY GOSSE, EMPLOYEES OF AURI, SERVE AS BOARD MEMBERS FOR THE AG INNOVATION CAMPUS WHICH IS BEING BUILT AND OPERATED BY THE MINNESOTA SOYBEAN GROWERS AND WILL COLLABORATE ON PROJECTS WITH AURI. MR. JON VELDHOUSE REPRESENTS AN AGRI-BUSINESS SEAT ON THE BOARD OF DIRECTORS AND WORKS FOR QORE, A JOINT VENTURE COMPANY WITH CARGILL. CARGILL HAS BEEN A PARTNER ON AURI PROJECTS. MR. JEFF GREV REPRESENTS AN AT-LARGE SEAT ON THE BOARD OF DIRECTORS AND WORKS FOR HORMEL FOODS. HORMEL FOODS HAS BEEN A PARTNER AND PARTICIPANT ON AURI PROJECTS. AG INNOVATION CAMPUS 1020 INNOVATION LN MANKATO MN 56001 851682317 LOAN GUARANTOR MN 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0