2025-04-03T08:33:42-05:00 2024-06-30 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ROSEVILLE MN 551131117 990 2023-07-01 366101799 GRAIN ELEVATOR AND PROCESSING SOCIETY GRAI 7639994300 4800 OLSON MEMORIAL HIGHWAY 150 GOLDEN VALLEY MN 55422 JOHN CAUPERT EXECUTIVE DIRECTOR 7639994300 2025-03-14 1 1 RYAN VETTRUS CPA P01243596 6514834521 2023 2025-03-06 01:10:19Z JOHN CAUPERT 4800 OLSON MEMORIAL HIGHWAY 150 GOLDEN VALLEY MN 55422 4290973 0 X WWW.GEAPS.COM X 1974 MN TO CHAMPION, CONNECT AND SERVE THE GLOBAL GRAIN INDUSTRY AND OUR MEMBERS. 17 17 12 150 172000 78410 0 0 3435788 3969306 -10343 107216 351260 25989 3776705 4102511 0 0 0 0 1331380 1367607 0 0 0 1863473 1932785 3194853 3300392 581852 802119 4340775 5302476 628378 566662 3712397 4735814 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 HELD ITS ANNUAL CONFERENCE WITH RECORD-SETTING ATTENDANCE, HELD MORE THAN 100 CHAPTER MEETINGS, AND DEVELOPED THE VISION OF THE 4'S: 4000 MEMBERS, 400 EXHIBITORS AND 4000 ATTENDEES AT EXCHANGE AND $4M IN REVENUE. 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 17 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 ALEX WESTLIND DIRECTOR 1.00 X 0 0 0 AUSTIN CARPENTER 1ST VICE PRESIDENT 2.50 X X 0 0 0 BOB HORVAT TREASURER 1.00 X X 0 0 0 BOB KLARE DIRECTOR 1.00 X 0 0 0 CASEY ABEL DIRECTOR 1.00 X 0 0 0 CHARLIE HURBURGH DIRECTOR 1.00 X 0 0 0 CHRIS BLAIR BOARD CHAIR 2.50 X X 0 0 0 CHUCK KUNISCH PRESIDENT 2.50 X X 0 0 0 HOLLY BETTEN DIRECTOR 1.00 X 0 0 0 JEFF TRUDELL DIRECTOR 1.00 X 0 0 0 JON BROWN DIRECTOR 1.00 X 0 0 0 JORI TEMPLETON 2ND VICE PRESIDENT 1.00 X X 0 0 0 MATTHEW SCHMITT SECRETARY 2.50 X X 0 0 0 PAUL STEINLAGE DIRECTOR 1.00 X 0 0 0 SCOTT BRITTINGHAM DIRECTOR 1.00 X 0 0 0 SCOTT STEINKE DIRECTOR 1.00 X 0 0 0 TODD MOREY DIRECTOR 1.00 X 0 0 0 JULIA KLOEHN DIRECTOR OF OPERATIONS 40.00 X 189457 0 6123 JOHN CAUPERT EXECUTIVE DIRECTOR STARTING NOV 2023 40.00 X 7692 0 0 ADRIANNE FJERSTAD-MILLER DIRECTOR OF EXHIBITIONS & CONFERENCES 40.00 X 126408 0 4095 BETSY POLIS DIRECTOR OF SPECIAL PROJECTS 40.00 X 101487 0 2011 BRITTANY LABATT SALES & CONFERENCE MANAGER 40.00 X 108687 0 3305 DEB MOST MEMBER & CHAPTER MANAGER 40.00 X 107196 0 3904 640927 0 19438 5 0 1 0 0 CONFERENCES 900099 2801450 2801450 MEMBERSHIP DUES 900099 685094 685094 PUBLICATION ADVERTISIN 900099 172000 172000 REGISTRATIONS 900099 164572 164572 MISC CONFERENCE REVENE 900099 84060 84060 62130 62130 3969306 95678 95678 200000 188462 11538 11538 11538 INCOME FROM SUBSIDIARY 900099 25989 25989 25989 4102511 3797306 172000 133205 273061 967670 30751 96125 14204 17557 130605 69736 161514 76732 78510 902017 3869 34891 UBIT 22011 FINANCIAL MANAGEMENT 171864 PRINTING 70809 COMMUNICATIONS 53142 125324 3300392 197861 146677 710450 1061125 69916 33170 67958 57803 165360 159880 9349 5480 1911858 2661206 1262455 1264444 110928 72571 4340775 5302476 43723 50262 483776 453442 100879 62958 628378 566662 X 1212397 2235814 2500000 2500000 3712397 4735814 4340775 5302476 802119 221298 0 X X 0 1 X 1 0 0 1 0 165360 159880 5480 5480 INVESTMENT IN SUBSIDIARY 1264444 F 1264444 RIGHT OF USE LIABILITY 62958 62958 X 4306252 221298 221298 4084954 17557 17557 4102511 3282835 0 3282835 17557 17557 3300392 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 $22,011 AND $13,811 IN 2024 AND 2023. CASH PAYMENTS FOR INCOME TAXES WERE $12,406 AND $4,280 IN 2024 AND 2023. 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 2021 THROUGH 2023. X X 0 0 0 JULIA KLOEHN DIRECTOR OF OPERATIONS 189457 0 0 0 0 0 6123 0 0 0 195580 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. FORM 990, PART VI, SECTION C, LINE 19 THE INFORMATION IS AVAILABLE TO MEMBERS UPON REQUEST; NOT THE PUBLIC. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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 25989 2031944 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 24000 ACTUAL AMOUNT