2024-04-09T10:50:55-05:00 2023-06-30 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2022-07-01 366101799 GRAIN ELEVATOR AND PROCESSING SOCIETY GRAI 7639994300 4800 OLSON MEMORIAL HIGHWAY 150 GOLDEN VALLEY MN 55422 JULIA KLOEHN INTERIM EXECUTIVE DIRECTOR 7639994300 2024-03-25 1 JULIA KLOEHN 999009999 0 RYAN VETTRUS CPA P01243596 6514834521 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JULIA KLOEHN 4800 OLSON MEMORIAL HIGHWAY 150 GOLDEN VALLEY MN 55422 3841221 0 X WWW.GEAPS.COM X 1974 MN TO CHAMPION, CONNECT AND SERVE THE GLOBAL GRAIN INDUSTRY AND OUR MEMBERS. 17 17 12 150 139140 43904 481510 0 4507893 3435788 329112 -10343 161195 351260 5479710 3776705 0 0 0 0 1530050 1331380 0 0 0 2490111 1863473 4020161 3194853 1459549 581852 3501132 4340775 558211 628378 2942921 3712397 TO CHAMPION, CONNECT AND SERVE THE GLOBAL GRAIN INDUSTRY AND OUR MEMBERS. 0 0 GEAPS PROVIDES EDUCATIONAL PROGRAMS AND NETWORKING OPPORTUNITIES FOR GRAIN-RELATED INDUSTRY PROFESSIONALS. GEAPS LAUNCHED A NEW PODCAST CHANNEL, BROUGHT BACK AN IN-PERSON LEADERSHIP CONFERENCE, LAUNCHED A RE-VAMPED INTRODUCTION TO THE INDUSTRY COURSE AND SET A NEW STRATEGIC PLAN FOCUSING ON THOUGHT LEADERSHIP, DYNAMIC CAREERS AND GLOBAL GROWTH. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 11 0 1 12 1 1 1 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JULIA KLOEHN OF GEAPS 7639994300 4800 OLSEN MEMORIAL HIGHWAY 150 GOLDEN VALLEY MN 55422 BARB GROVE BOARD CHAIR 2.50 X X 0 0 0 CHRIS BLAIR PRESIDENT 2.50 X X 0 0 0 HOLLY BETTEN DIRECTOR 1.00 X 0 0 0 AUSTIN CARPENTER 2ND VICE PRESIDENT 1.00 X X 0 0 0 BOB HORVAT TREASURER 1.00 X X 0 0 0 CASEY ABEL DIRECTOR 1.00 X 0 0 0 JORI TEMPLETON DIRECTOR 1.00 X 0 0 0 CHUCK KUNISCH 1ST VICE PRESIDENT 2.50 X X 0 0 0 ALEX WESTLIND DIRECTOR 1.00 X 0 0 0 SCOTT BRITTINGHAM DIRECTOR 1.00 X 0 0 0 CASEY JONES DIRECTOR 1.00 X 0 0 0 KLEIN ILLELEJI DIRECTOR 1.00 X 0 0 0 BOB KLARE DIRECTOR 1.00 X 0 0 0 CHARLIE HURBURGH DIRECTOR 1.00 X 0 0 0 PAUL STEINLAGE DIRECTOR 1.00 X 0 0 0 TODD MOREY DIRECTOR 1.00 X 0 0 0 MATTHEW SCHMITT SECRETARY 1.00 X X 0 0 0 JULIA KLOEHN DIRECTOR OF OPERATIONS 40.00 X 171187 0 5991 STEVE RECORDS EXECUTIVE DIRECTOR 40.00 10.00 X 225408 0 5767 DEB MOST MEMBER & CHAPTER MANAGER 40.00 X 109490 0 4250 ADRIANNE FJERSTAD-MILLER CONFERENCE & EXPO DIRECTOR 40.00 X 125861 0 4401 BRITTANY LABATT SALES & CONFERENCE MANAGER 40.00 X 108210 0 3025 740156 0 23434 5 0 1 0 0 CONFERENCES 900099 2519590 2519590 MEMBERSHIP DUES 900099 614052 614052 PUBLICATION ADVERTISIN 900099 139140 139140 REGISTRATIONS 900099 83383 83383 SAFETY AWARDS PROGRAM 900099 42470 42470 37153 37153 3435788 54173 54173 64516 -64516 -64516 -64516 INCOME FROM SUBSIDIARY 901101 351260 351260 351260 3776705 3296648 139140 340917 336527 880156 26320 88377 22897 14352 40153 68380 304090 91652 58188 840305 3869 29638 UBIT 13811 FINANCIAL MANAGEMENT 147946 PRINTING 64630 COMMUNICATIONS 52825 110737 3194853 236084 197861 148592 710450 15025 69916 156070 67958 165360 156011 13218 9349 1910787 1911858 1011195 1262455 10161 110928 3501132 4340775 19203 43723 539008 483776 0 100879 558211 628378 X 442921 1212397 2500000 2500000 2942921 3712397 3501132 4340775 581852 187624 0 X 0 1 X 1 0 0 1 0 165360 156011 9349 9349 INVESTMENT IN SUBSIDIARY 1262455 F 1262455 RIGHT OF USE LIABILITY 100879 100879 X 3949977 187624 187624 3762353 14352 14352 3776705 3180501 0 3180501 14352 14352 3194853 PART X, LINE 2: THE SOCIETY IS CLASSIFIED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS SUBJECT TO FEDERAL AND STATE INCOME TAX ONLY ON NET UNRELATED BUSINESS INCOME. THE SOCIETY HAD INCOME TAX EXPENSE OF $13,811 AND $11,232 IN 2023 AND 2022. CASH PAYMENTS FOR INCOME TAXES WERE $4,280 AND $22,830 IN 2023 AND 2022. THE SOCIETY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THIS INCLUDES POSITIONS THAT THE ENTITY IS EXEMPT FROM INCOME TAXES OR NOT SUBJECT TO INCOME TAXES ON UNRELATED BUSINESS INCOME. THE SOCIETY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE SOCIETY HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES. THE SOCIETY FILES INFORMATION RETURNS AS A TAX-EXEMPT ORGANIZATION. SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION COULD BE SUBJECT TO REVIEW BY THE IRS. THE SOCIETY FEDERAL AND STATE RETURNS ARE OPEN TO EXAMINATION FOR TAX YEARS 2019 THROUGH 2022. X X X X X 0 0 0 STEVE RECORDS EXECUTIVE DIRECTOR 225408 0 0 0 0 0 5767 0 0 0 231175 0 0 0 JULIA KLOEHN DIRECTOR OF OPERATIONS 171187 0 0 0 0 0 5991 0 0 0 177178 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ANY TWO OR MORE ACTIVE MEMBERS MAY PROPOSE AN AMENDMENT OR ALTERATION TO THE GOVERNING DOCUMENT AND BY-LAWS AT A REGULAR ANNUAL BUSINESS MEETING. FORM 990, PART VI, SECTION B, LINE 11B GEAPS FINANCE COMMITTEE REVIEWS THE 990 IN DETAIL AND MAKES A RECOMMENDATION TO THE BOARD, WHO IS ALSO PROVIDED A COPY OF THE 990. BOARD APPROVES. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY BY THE GOVERNANCE COMMITTEE. BOARD MEMBERS ARE REMINDED OF THE POLICY AT THE START OF EACH BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR ALL STAFF IS DETERMINED BY THE EXECUTIVE COMMITTEE TAKING INTO CONSIDERATION EXTERNAL COMPENSATION DATA FOR COMPARABLE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST; NOT THE PUBLIC. GRAIN ELEVATOR AND PROCESSING SOCIETY (GEAPS) FOUNDATION PO BOX 26426 KANSAS CITY MO 64196 453657539 TO SUPPORT THE EDUCATION PROGRAMS OF GRAIN ELEVATOR AND PROCESSING SOCIETY MN 501(C)(3) LINE 12A, I 0 GEAPS MEDIA GROUP LLC 4800 OLSON MEMORIAL HWY SUITE 150 MINNEAPOLIS MN 55422 882017950 PUBLISHING MN GRAIN ELEVATOR AND PROCESSING SOCIETY C 351260 2374710 1.00000 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 GEAPS MEDIA GROUP F 100000 ACTUAL AMOUNT