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Grain Elevator and Processing Society

Not tax-deductible

Minneapolis, MN501(c)(6)Since 1974Community Development EIN 36-6101799Revenue $4.5M in FY2025

On file with the IRSgeaps.com2001 Killebrew Dr Ste 112, 55425-1871 · Minneapolis, MNTax-exempt since Sep 2011

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To champion, connect and serve the global Grain industry and our members.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 150 volunteers and 13 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $560K a year · 14% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$740K
to officers and key staff · 19% of spending
Top officer’s pay higher than 71% of similar orgs
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Plus $4.4M in investments, Pt X · Ln 11–13
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $24K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$813K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+9% vs prior year
Spent
$3.8M
Net assets
$5.6M
By yearFY2021–FY2025
Revenue
$4.5M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.5M
FY2022$5.5M
FY2023$3.8M
FY2024$4.1M
FY2025$4.5M
Expenses
$3.8M
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.2M
FY2022$4.0M
FY2023$3.2M
FY2024$3.3M
FY2025$3.8M
Net assets
$5.6M
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.1M
FY2022$2.9M
FY2023$3.7M
FY2024$4.7M
FY2025$5.6M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

22 people listed on the 990; $740K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
John Caupert
Executive Director
$216,654Pt VII · Sec A
Julia Kloehn
Director of Operations
$176,531Pt VII · Sec A
Adrianne Fjerstad-Miller
Director of Exhibitions & Conferences
$128,400Pt VII · Sec A
Betsy Polis
Director of Special Projects
$111,257Pt VII · Sec A
Deb Most
Member & Chapter Manager
$107,396Pt VII · Sec A
Jon Brown
Treasurer
$0Pt VII · Sec A
Jeff Trudell
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

John Caupert’s $217K as Executive Director is at the 71st percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Steve Records——$225,408$194,745$211,022
John Caupert$216,654$7,692———
Julia Kloehn$176,531$189,457$171,187$157,006$165,822
Jay Bergland———$131,121$136,180
Adrianne Fjerstad-Miller$128,400$126,408$125,861$113,076$117,713
Betsy Polis$111,257$101,487———
Deb Most$107,396$107,196$109,490—$103,807
Brittany Labatt—$108,687$108,210$101,156—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects global agriculture professionals to share grain industry knowledge.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

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, launched new members benefits including complimentary "welcome to the grain industry" training, piloted a next gen path intern…

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Grain Elevator and Processing Society FoundationFY2024$24K
Total grants receivedfrom 1 funder$24K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$159K
Other incomeLn 4–11$18K
Money outPt IX
$3.8M
Ln 25
Owns and owesPt X
$5.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$6.4M
LiabilitiesLn 26$813K
PeoplePt VI, VII
22
listed · VII A
PaidVII A5
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$4.3M
Investment incomeLn 3$159K
Other incomeLn 4–11$18K
Gains on assetsLn 7$3K
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$326K
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$1.8M
InvestmentsLn 11–13$4.4M
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$42K
Total assetsLn 16$6.4M
LiabilitiesLn 26$813K
Net assetsLn 32$5.6M
OperationsPt I, VI
EmployeesI 513
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.2M$1.8M
InvestmentsLn 11–13$3.9M$4.4M
Land, buildings, equipmentLn 10c$5K$2K
Total assetsLn 16$5.3M$6.4M
LiabilitiesLn 26$567K$813K
Net assetsLn 32$4.7M$5.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$438K
Other salaries and wagesLn 7$905K
Other employee benefitsLn 9$22K
Payroll taxesLn 10$103K
Legal feesLn 11b$86K
Investment management feesLn 11f$21K
Other fees for servicesLn 11g$59K
Advertising and promotionLn 12$95K
Information technologyLn 14$189K
OccupancyLn 16$65K
TravelLn 17$114K
Conferences, conventions and meetingsLn 19$977K
Depreciation, depletion and amortizationLn 22$4K
InsuranceLn 23$32K
Other expenses (24a–d)Ln 24$470K
All other expensesLn 24e$245K
Total functional expensesLn 25$3.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $4.5M$3.8M$643K$5.6M 990 PDF
FY2024 $4.1M$3.3M$802K$4.7M 990 PDF
FY2023 $3.8M$3.2M$582K$3.7M 990 PDF
FY2022 $5.5M$4.0M$1.5M$2.9M 990 PDF
FY2021 $1.5M$2.2M−$684K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $4,467,560 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $3,969,306$4,291,041
I-10 Investment incomePrior year $107,216$158,954
I-11 Other revenuePrior year $25,989$17,565
I-12 Total revenuePrior year $4,102,511$4,467,560
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,367,607$1,467,200
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,932,785$2,357,031
I-18 Total expensesPrior year $3,300,392$3,824,231
I-19 Revenue less expensesPrior year $802,119$643,329
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,467,560 across 5 lines filed
Lines not itemized here account for $40,220 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,060,295 · Unrelated business $190,526$4,250,821
VIII-3 Investment incomeExcluded from tax $155,873$155,873
VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,081$3,081
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,565$17,565
VIII-12 Total revenueRelated to mission $4,118,080 · Unrelated business $190,526 · Excluded from tax $158,954$4,467,560
Part IX · Statement of functional expenses $3,824,231 across 16 lines filed
IX-5 Pay of current officers, directors and key staff$437,522
IX-7 Other salaries and wages$904,937
IX-9 Other employee benefits$22,067
IX-10 Payroll taxes$102,674
IX-11b Legal fees$86,085
IX-11f Investment management fees$21,291
IX-11g Other fees for services$58,989
IX-12 Advertising and promotion$95,000
IX-14 Information technology$189,215
IX-16 Occupancy$65,123
IX-17 Travel$113,634
IX-19 Conferences, conventions and meetings$977,250
IX-22 Depreciation, depletion and amortization$3,869
IX-23 Insurance$31,603
IX-24 Other expenses (24a–d)$469,988
IX-24e All other expenses$244,984
IX-25 Total functional expenses$3,824,231
Part X · Balance sheet $6,406,171 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $146,677$325,732
X-2 Savings and temporary cash investmentsStart of year $1,061,125$1,436,839
X-4 Accounts receivableStart of year $33,170$27,023
X-9 Prepaid expenses and deferred chargesStart of year $57,803$123,157
X-10c Land, buildings and equipment, netStart of year $5,480$1,611
X-11 Publicly traded securitiesStart of year $2,661,206$3,236,993
X-12 Other securitiesStart of year $1,264,444$1,212,937
X-15 Other assetsStart of year $72,571$41,879
X-16 Total assetsStart of year $5,302,476$6,406,171
X-17 Accounts payable and accrued expensesStart of year $50,262$302,506
X-19 Deferred revenueStart of year $453,442$480,828
X-25 Other liabilitiesStart of year $62,958$29,855
X-26 Total liabilitiesStart of year $566,662$813,189
X-27 Net assets without donor restrictionsStart of year $2,235,814$3,092,982
X-28 Net assets with donor restrictionsStart of year $2,500,000$2,500,000
X-32 Total net assets or fund balancesStart of year $4,735,814$5,592,982
X-33 Total liabilities and net assetsStart of year $5,302,476$6,406,171
Part XI · Reconciliation of net assets $5,592,982 net assets at year end
XI-1 Total revenue$4,467,560
XI-2 Total expenses$3,824,231
XI-3 Revenue less expenses$643,329
XI-4 Net assets at start of year$4,735,814
XI-5 Net unrealized gains (losses) on investments$213,839
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,592,982

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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