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Just for Nuts INC

Tax-deductible

Luverne, MN501(c)(3)Since 2022Public & Societal BenefitEIN 88-0752926Revenue $67K in FY2025

On file with the IRS924 S Kniss Ave, 56156-2281 · Luverne, MNTax-exempt since Aug 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Just for Nuts is a 501C3 nonprofit organization with the intention of being a perpetual fund with ongoing interests including the goal of making landmarks and destination attractions including the maintenance of current projects to help increase tourism for the local economy.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
2 of 3
filings with a surplus
Average surplus $33K a year · 27% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $90K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
-10% vs prior year
Spent
$72K
To programs
99%
Net assets
$99K
By yearFY2023–FY2025
Revenue
$67K
FY2025▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2023$220K
FY2024$75K
FY2025$67K
Expenses
$72K
FY2025▲ +335%
Tap a bar for its year
Expenses by fiscal year
FY2023$176K
FY2024$17K
FY2025$72K
Net assets
$99K
FY2025▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2023$45K
FY2024$103K
FY2025$99K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2022.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $71K Management & general 1% · $450

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Betty Mann
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Davis
President
$0Pt VII · Sec A
Vance Walgrave
Vice President
$0Pt VII · Sec A
Katie Walgrave
Secretarytreasurer
$0Pt VII · Sec A
See Just for Nuts INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and maintains landmarks and attractions to boost local tourism.

Questions for Just for Nuts INC

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Provided by the organization

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1 program · $71K · in their own filed words · FY2025
01

During the year, Just for Nuts was able to install the legs and up to the waist for their first attraction, the worlds largest nutcracker. They also installed stairs and railings for the pedestal.

$71Kprogram expense

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
Luverne Area Community FoundationFY2024$90K
Total grants receivedfrom 1 funder$90K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$67K
Ln 12
Gifts and grantsLn 1h$67K
Money outPt IX
$72K
Ln 25
Programscol B$71K
Managementcol C$450
Owns and owesPt X
$99K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$99K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Total revenueLn 12$67K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Land, buildings, equipmentLn 10c$97K
Total assetsLn 16$99K
LiabilitiesLn 26$0
Net assetsLn 32$99K
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3K$2K
Land, buildings, equipmentLn 10c$100K$97K
Total assetsLn 16$103K$99K
LiabilitiesLn 26$0$0
Net assetsLn 32$103K$99K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$450$450
Advertising and promotionLn 12$3K$3K
Information technologyLn 14$62$62
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$63K$63K
Total functional expensesLn 25$72K$71K$450$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $67K$72K−$5K$99K 990 PDF
FY2024 $75K$17K$59K$103K 990 PDF
FY2023 $220K$176K$44K$45K 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 FY2025 990 (6 parts)
Part I · Summary $67,265 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $75,134$67,265
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $75,134$67,265
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,552$71,944
I-18 Total expensesPrior year $16,552$71,944
I-19 Revenue less expensesPrior year $58,582−$4,679
Part VI · Governance 6 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $67,265 across 4 lines filed
VIII-1f All other contributions, gifts and grants$67,265
VIII-1h Total contributions, gifts and grants$67,265
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$67,265
Part IX · Statement of functional expenses $71,944 across 6 lines filed
IX-11c Accounting feesManagement $450$450
IX-12 Advertising and promotionPrograms $3,115$3,115
IX-14 Information technologyPrograms $62$62
IX-22 Depreciation, depletion and amortizationPrograms $2,581$2,581
IX-23 InsurancePrograms $3,216$3,216
IX-24 Other expenses (24a–d)Programs $62,520$62,520
IX-25 Total functional expensesPrograms $71,494 · Management $450 · Fundraising $0$71,944
Part X · Balance sheet $98,976 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $3,214$1,566
X-10c Land, buildings and equipment, netStart of year $99,991$97,410
X-16 Total assetsStart of year $103,205$98,976
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $103,205$98,976
X-32 Total net assets or fund balancesStart of year $103,205$98,976
X-33 Total liabilities and net assetsStart of year $103,205$98,976
Part XI · Reconciliation of net assets $98,976 net assets at year end
XI-1 Total revenue$67,265
XI-2 Total expenses$71,944
XI-3 Revenue less expenses−$4,679
XI-4 Net assets at start of year$103,205
XI-6 Donated services and use of facilities$450
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$98,976

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

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