Prairie Rose Agricultural Institute of Research Innovation & Education EIN 86-3677307

Prairie Rose Agricultural Institute of Research Innovation & Education

EIN  86-3677307 Public charity (501(c)(3)) Moorhead, MN Founded 2021
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Size
$100K–1M
What they do
Restores health, agriculture, and community by uniting diverse compassionate skills and hearts.
Leadership
Verna Kragnes · Exec Directo · $66K
Money in and out
$618K revenue, $644K expenses
Bottom line
70% program efficiency

Restores health, agriculture, and community by uniting diverse compassionate skills and hearts. For fiscal year 2025 it reported $618K in revenue, $644K in expenses, and $327K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$618K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$327K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$25K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.29 Fundraising $0.02
Program efficiency
70%
of spending reaches programs▲ +70% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▼ -90% vs prior filing year
Surplus margin
-4%
revenue over expenses, this year▼ -115% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$618K
FY2025▼ -7%
Expenses
$644K
FY2025▲ +33%
Total assets
$336K
FY2025▼ -6%
Total liabilities
$9K
FY2025▲ +136%
Total revenue
$618K
Pt VIII · Ln 12
Total expenses
$644K
Pt IX · Ln 25
Net assets
$327K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$336K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $379K of program spending, described in the organization's own filed words · FY2025.
01

New Roots Farm Incubator

This program provides opportunity for BEGINNING/EMERGING farmers to have access to land, product liability insurance through an umbrella policy for the farm incubator, and business planning and technical training to assist them in their efforts to start a small farm enterprise.

$163Kprogram expense
02

Small Farm Folk School

This program provides folk education and training opportunities. Training centers around biodynamic farming and gardening. In 2025, there were three programs. Field day had 40 participants; farm buds had 38 participants; concordia college volunteer day had 35 participants.

$118Kprogram expense
03

MN dept of ag local food purchase assistance (mda lfpa): this grant project provides funding for purchasing food left over at the end of a farmer's market, or other point of sale, from an emerging farmer in the first 10 years of farming, to include women farmers, bipoc, and native americans.

$98Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPrairie Rose Agricultural Institute of Research Innovation & Education
EINHdr · item D86-3677307
Principal addressHdr · item CMoorhead, MN
WebsiteHdr · item Jwww.prairieinstitute.net
Year of formationHdr · item L2021
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20)
Ruling yearIRS BMFFeb 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Exec Directo
$65,887Pt VII · Sec A
Director
$43,200Pt VII · Sec A
President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Verna Kragnes’s $66K as Exec Directo is at the 69th percentile of top reported officer pay among 1173 $100K–1M food & agriculture 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Verna Kragnes$65,887$67,807$31,327$14,581
Rick Hall$43,200$29,547$22,913$14,581

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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Statement of Revenue

Part VIII
Contributions & grants100%$617K
Program service revenue$471
Investment income$682
— government grantsLn 1e$387K
Total revenueLn 12$618K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.29 Fundraising $0.02
Program services70%$448K
Management & general29%$183K
Fundraising2%$12K
Total functional expensesLn 25$644K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$336K
Total liabilitiesLn 26$9K
Total net assetsLn 32$327K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses/yr $644K
0.3 months
Where the money goes
Program services
Program services $448K · Total expenses $644K
70%
Management & General
Management & general $183K · Total expenses $644K
29%
Fundraising
Fundraising $12K · Total expenses $644K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $285K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $617K · Total revenue $618K
100%
Government reliance
Government grants $387K · Total revenue $618K
63%
Earned-income share
Program service revenue $471 · Total revenue $618K
0%
Investment reliance
Investment income $682 · Total revenue $618K
0%
Program self-sufficiency
Program service revenue $471 · Total expenses $644K
0%
Growth & trend
Revenue growth (YoY)
This year $618K · Prior year $661K
-7%
Net-asset trend (YoY)
End of year $327K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $618K · Expenses $644K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $336K
Net-asset ratio
Net assets $327K · Total assets $336K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $336K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Verna Kragnes · Reported title EXEC DIRECTO · Highest reported compensation $66K · Total expenses $644K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $306K · Total expenses $644K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 29%
Fundraising cost ratio 2%
Revenue growth -7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 2 grants · $53K · 2024–2025
First Congregational UccFY2025$27,665
Baraza La Afrika INCMN · FY2024$24,980

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$618K revenue · viewing · ⤓ 990 PDF
FY2024$661K revenue · ⤓ 990 PDF
FY2023$233K revenue · ⤓ 990 PDF
FY2022$303K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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