The Nacaa Educational Foundation FY2024 filing

Tax-deductible

Goodhue, MN501(c)(3)EIN 52-1308985

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Educational assistance to county agricultural agents.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
5 of 5
filings with a surplus
Average surplus $84K a year · 69% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
31 mo
of spending, in cash
Looks good: 30.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$199K
+189% vs prior year
Spent
$75K
To programs
75%
Net assets
$1.3M
By yearFY2021–FY2025
Revenue
$199K
FY2024▲ +189%
Revenue by fiscal year
FY2021$122K
FY2022$114K
FY2023$69K
FY2024$199K
FY2025$109K
Expenses
$75K
FY2024▲ +146%
Expenses by fiscal year
FY2021$16K
FY2022$24K
FY2023$31K
FY2024$75K
FY2025$46K
Net assets
$1.3M
FY2024▲ +5%
Net assets by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
FY2025$1.4M

From the FY2024 Form 990 (year ending June 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1983.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $56K Management & general 25% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-President/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Nacaa Representative
$0Pt VII · Sec A
See The Nacaa Educational Foundation executive salaries →

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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 15aNo

Programs and updates

Provides educational support to county agricultural agents.

Provided by the organization

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2 program services account for $56K of program spending, described in the organization's own filed words · FY2023.
01

Scholarships to professional cooperative extension service workers.

$56Kprogram expense
02

Support nacaa annual meeting and professional improvement conferences.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $110K · 2021–2024
Unitemized GrantFY2024$27,639
Unitemized GrantFY2023$56,305
Unitemized GrantFY2022$15,850
Unitemized GrantFY2021$10,560

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$199K
Ln 12
Investment incomeLn 3$173K
Gifts and grantsLn 1h$26K
Money outPt IX
$75K
Ln 25
Programscol B$56K
Managementcol C$19K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$194K
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Government grantsLn 1e$10K
Fundraising eventsLn 1c$16K
Investment incomeLn 3$173K
Gains on assetsLn 7$135K
Total revenueLn 12$199K
Assets in detailPt X, end of year
SavingsLn 2$194K
Cash and savings togetherLn 1–2$194K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$0
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$128K$194K
InvestmentsLn 11–13$1.1M$1.1M
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$56K$56K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$11K$11K
Conferences, conventions and meetingsLn 19$5K$5K
InsuranceLn 23$726$726
Other expenses (24a–d)Ln 24$75$75
Total functional expensesLn 25$75K$56K$19K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $109K$46K$63K$1.4M 990 PDF
FY2024 Viewing $199K$75K$124K$1.3M 990 PDF
FY2023 $69K$31K$39K$1.2M 990 PDF
FY2022 $114K$24K$90K$1.1M 990 PDF
FY2021 $122K$16K$106K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $199,383 across 7 lines filed
VIII-1c Fundraising events$15,928
VIII-1e Government grants$9,960
VIII-1h Total contributions, gifts and grants$25,888
VIII-3 Investment incomeExcluded from tax $38,684$38,684
VIII-7 Net gain or loss on sales of assetsExcluded from tax $134,811$134,811
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $173,495$199,383
Part IX · Statement of functional expenses $75,192 across 6 lines filed
IX-2 Grants to domestic individualsPrograms $56,305$56,305
IX-11c Accounting feesManagement $1,800$1,800
IX-11f Investment management feesManagement $11,105$11,105
IX-19 Conferences, conventions and meetingsManagement $5,181$5,181
IX-23 InsuranceManagement $726$726
IX-24 Other expenses (24a–d)Management $75$75
IX-25 Total functional expensesPrograms $56,305 · Management $18,887 · Fundraising $0$75,192
Part X · Balance sheet $1,257,244 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $128,363$193,882
X-11 Publicly traded securitiesStart of year $1,068,854$1,063,362
X-16 Total assetsStart of year $1,197,217$1,257,244
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $1,197,217$1,257,244
X-32 Total net assets or fund balancesStart of year $1,197,217$1,257,244
X-33 Total liabilities and net assetsStart of year $1,197,217$1,257,244
Part XI · Reconciliation of net assets $1,257,244 net assets at year end
XI-1 Total revenue$199,383
XI-2 Total expenses$75,192
XI-3 Revenue less expenses$124,191
XI-4 Net assets at start of year$1,197,217
XI-5 Net unrealized gains (losses) on investments−$64,164
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,257,244

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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