2025-04-10T13:12:33-05:00 2024-06-30 411656121 SCHLENNER WENNER & CO CPA'S PA 630 ROOSEVELT RD STE 201 ST CLOUD MN 56301 990 2023-07-01 411635043 AGRICULTURAL UTILIZATION RESEARCH INST AGRI 2182817600 510 COUNTY ROAD 71 STE 120 CROOKSTON MN 56716 SHANNON M SCHLECHT EXECUTIVE DIRECTOR 2182817600 2025-04-02 1 1 SHELLEY M GAETZ P00066049 3202510286 2025-04-01 2023 2025-03-06 01:10:19Z SHANNON M SCHLECHT 510 COUNTY ROAD 71 STE 120 CROOKSTON MN 56716 8529229 0 X WWW.AURI.ORG X 1989 MN AURI WAS CREATED AND FUNDED BY THE MINNESOTA LEGISLATURE TO ACCELERATE THE EXPANSION OF THE AGRICULTURAL ECONOMY BY EMPOWERING EXPANDED USES AND MARKETS OF AGRICULTURALLY DERIVED PRODUCTS. 11 11 40 3 0 0 5892726 6619372 349121 126058 121326 253152 94507 14765 6457680 7013347 500000 200000 0 0 3924634 4251317 0 0 0 1818993 1902074 6243627 6353391 214053 659956 6675740 8882711 1105721 2545309 5570019 6337402 AURI WAS CREATED AND FUNDED BY THE MINNESOTA LEGISLATURE TO ACCELERATE THE EXPANSION OF THE AGRICULTURAL ECONOMY BY EMPOWERING EXPANDED USES AND MARKETS OF AGRICULTURALLY DERIVED PRODUCTS. 0 0 3991427 200000 126058 AURI CONDUCTS ONSITE AND APPLIED RESEARCH, PROMOTES THE ESTABLISHMENT OF NEW PRODUCTS AND PRODUCT USES AND THE EXPANSION OF EXISTING MARKETS FOR THE STATE'S AGRICULTURAL COMMODITIES AND PRODUCTS, INCLUDING DIRECT FINANCIAL AND TECHNICAL ASSISTANCE FOR ENTREPRENEURS IN MINNESOTA AND BORDERING STATES. AURI MAINTAINS FACILITIES TO WORK WITH PRIVATE AND PUBLIC ENTITIES TO ACHIEVE MAXIMUM RESULTS FOR MINNESOTA AGRICULTURE. 3991427 1 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 31 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X ADAM STRATTON 2182817600 510 COUNTY ROAD 71 SUITE 120 CROOKSTON MN 56716 X CAROLYN OLSON SECRETARY/TREASURER 3.00 X X 150 0 0 FEDERICO TRIPODI CHAIR 5.00 X X 2320 0 0 JEFF GREV DIRECTOR 3.00 X 370 0 0 JOHN SCHAFER VICE CHAIR 3.00 X X 705 0 0 JOE SERBUS DIRECTOR 3.00 X 450 0 0 JON VELDHOUSE DIRECTOR 3.00 X 1245 0 0 REPRESENTATIVE SAMANTHA VANG DIRECTOR 3.00 X 0 0 0 TED WINTER DIRECTOR 3.00 X 0 0 0 SENATOR ARIC PUTNAM DIRECTOR 3.00 X 0 0 0 MIKAYLA TABERT DIRECTOR 3.00 X 0 0 0 LAUREN MCNAMARA DIRECTOR 3.00 X 0 0 0 SHANNON SCHLECHT EXECUTIVE DIRECTOR 40.00 X 199290 0 37918 ADAM STRATTON SR. DIRECTOR OF OPERATIONS 40.00 X 124816 0 33034 JENNIFER WAGNER-LAHR SR. DIRECTOR OF COMMERCIALIZATION 40.00 X 121374 0 33053 MICHAEL SPARBY COMMERICIALIZATION DIRECTO 40.00 X 103538 0 31940 LUCA ZULLO SR. DIRECTOR OF SCIENCE & TECHNOLOGY 40.00 X 145583 0 18133 LISA GJERSVIK SR. DIRECTOR OF STRATEGY MANAGEMENT 40.00 X 104752 0 31898 804593 0 185976 6 0 1 0 0 6003310 616062 6619372 FEE-FOR-SERIVCE 110000 64363 64363 SPONSORSHIPS 110000 34927 34927 PROJECT FEES 110000 16635 16635 REGISTRATIONS 611600 6349 6349 OTHER PROGRAM REVENUE 900099 3784 3784 126058 268052 268052 14765 14765 1500982 1515882 -14900 -14900 -14900 7013347 126058 0 267917 200000 200000 1156565 599606 556959 2211492 1464285 747207 134392 89615 44777 519309 336845 182464 229559 145110 84449 18538 18538 27115 27115 36000 36000 288092 288092 61287 13212 48075 107214 60496 46718 188141 138674 49467 156467 84270 72197 18524 9554 8970 295070 229157 65913 72325 72325 OTHER PROGRAM EXPENSES 509517 509517 EQUIPMENT & MAINTENANCE 40387 14031 26356 SPECIAL PROJECTS 36294 36294 PROFESSIONAL DEVELOPMEN 29378 9873 19505 17725 14888 2837 6353391 3991427 2361964 0 650 400 347991 1260944 198866 247662 422567 259706 28039 54939 3907614 2535189 578446 1372425 4599170 4609507 500011 1077128 6675740 8882711 567081 670919 94882 873682 443758 1000708 1105721 2545309 X 5570019 6337402 5570019 6337402 6675740 8882711 659956 107427 0 X X 0 1 X 1 0 X 4284345 5136845 4779025 5892726 6619372 26712313 4284345 5136845 4779025 5892726 6619372 26712313 26712313 179370 97796 146827 198716 282817 905526 27617839 1347776 0.96720 0.97010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36000 36000 3877106 3913106 345655 86414 0 0 291497 279964 352250 345655 1269366 1904049 27000 27000 36000 36000 126000 72874 69991 88063 86414 317342 476013 FORM 990, SCHEDULE C, PART II-A, LINE 1B AURI CONTRACTED WITH ROKALA PUBLIC AFFAIRS FOR PROVIDING A 2023 FARM BILL AND FISCAL YEAR 2024 AGRICULTURE LEGISLATIVE STRATEGY. THE TERM OF THE CONTRACT WAS FROM JULY 1, 2023 - JUNE 30, 2024 WITH A SUM OF $3,000 PAID ON A MONTHLY BASIS, FOR A FISCAL YEAR 2024 TOTAL OF $36,000 FOR SERVICES RENDERED. 1287410 901448 385962 2533853 1547390 986463 86351 86351 0 1372425 CERTIFICATES OF DEPOSIT 3611932 F TREASURY NOTES 997575 F 4609507 ACCRUED INTEREST 84667 OPERATING LEASES 992461 1077128 OPERATING LEASES 1000708 1000708 X 7120774 107427 107427 7013347 0 7013347 6353391 0 6353391 0 6353391 PART X, LINE 2: AURI FOLLOWS FASB ASC TOPIC 740, UNCERTAINTY IN INCOME TAXES. AURI IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A NOT-FOR-PROFIT ORGANIZATION UNDER IRS CODE SECTION 501(C)(3). DUE TO THE NOT-FOR-PROFIT NATURE AND PROVISION OF AURI, ALL INCOME AND EXPENSES ATTRIBUTABLE TO THE MISSION OF AURI ARE TAX EXEMPT AND ACCORDINGLY NO PROVISION OR LIABILITY FOR INCOME TAXES HAVE BEEN MADE IN THE FINANCIAL STATEMENTS AND CONTRIBUTIONS TO AURI ARE TAX DEDUCTIBLE TO DONORS AS ALLOWED BY IRS REGULATIONS. HOWEVER, AURI IS REQUIRED TO PAY STATE AND FEDERAL INCOME TAXES ON UNRELATED BUSINESS INCOME. IF AURI WERE TO ENGAGE IN ANY ACTIVITIES THAT RESULTED IN UNRELATED BUSINESS INCOME, A TAX WOULD BE ASSESSED ON THAT ACTIVITY. AURI IS OPEN AND SUBJECT TO EXAMINATION GENERALLY FOR THREE YEARS AFTER THE FILING DATE. 0 AG INNOVATION CAMPUS 625 INGERSOLL AVE CROOKSTON MN 56716 851682317 200000 0 INITIATIVE EXPENDITURES 0 1 X X X X X X 0 0 0 0 0 0 0 1 0 SHANNON SCHLECHT EXECUTIVE DIRECTOR 199290 0 0 0 0 0 0 0 37918 0 237208 0 0 0 LUCA ZULLO SR. DIRECTOR OF SCIENCE & TECHNOLOGY 145583 0 0 0 0 0 0 0 18133 0 163716 0 0 0 ADAM STRATTON SR. DIRECTOR OF OPERATIONS 124816 0 0 0 0 0 0 0 33034 0 157850 0 0 0 JENNIFER WAGNER-LAHR SR. DIRECTOR OF COMMERCIALIZATION 121374 0 0 0 0 0 0 0 33053 0 154427 0 0 0 PART I, LINE 7 THE EXECUTIVE DIRECTOR WAS GRANTED ADDITIONAL LEAVE HOURS IN JULY 2019 AS A PART OF COMPENSATION APPROVED BY THE BOARD. THIS AMOUNT, IN TOTAL WAS 240 HOURS, RETROACTIVE TO JANUARY 2019 AND WILL CONTINUE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS ELECTRONICALLY SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND IS THEN DISCUSSED AND APPROVED AT A BOARD MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT UPON BEING SEATED ON THE AURI BOARD OF DIRECTORS AND IT IS REVIEWED AND SIGNED-OFF UPON ANNUALLY, THEREAFTER. AURI REQUIRES BOARD MEMBERS TO DISCLOSE ANY ACTUAL OR PERCEIVED CONFLICTS OF INTEREST WITH AURI. FORM 990, PART VI, SECTION B, LINE 15 THE AURI BOARD OF DIRECTORS CONDUCTS AN ANNUAL EVALUATION/REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE. THE BOARD OF DIRECTORS DECIDES UPON AND APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR WITH INPUT FROM AURI'S HUMAN RESOURCES DEPARTMENT. THE AURI HUMAN RESOURCES DEPARTMENT LOOKS AT COMPARABLE DATA TO SUBSTANTIATE THE COMPENSATION, ALONG WITH INPUT FROM AN INDEPENDENT COMPANY. THE SALARIES, WAGES AND BENEFITS OF ALL AURI EMPLOYEES ARE INCLUDED IN THE ANNUAL BUDGET, WHICH IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS ANNUALLY. ALL COMPENSATION OF AURI EMPLOYEES IS REVIEWED BY ITS HUMAN RESOURCES DEPARTMENT AND AN INDEPENDENT PARTY PRIOR TO HIRE AND REVIEWED ANNUALLY, THEREAFTER. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST TO THE EXECUTIVE DIRECTOR. FINANCIAL STATEMENTS ARE MADE PUBLICLY AVAILABLE AT ALL BOARD MEETINGS AND UPON REQUEST TO THE EXECUTIVE DIRECTOR. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC SHANNON SCHLECHT - 510 COUNTY ROAD 71, STE #120, CROOKSTON, MN 56716. PART VII MR. KENNETH ASP REPRESENTED MN WHEAT RESEARCH & PROMOTIONAL COUNCIL UNTIL BEING REPLACED BY MS. MIKAYLA TABERT IN JANUARY OF 2024. MR. JOE SERBUS REPRESENTS MN SOYBEAN RESEARCH & PROMOTIONAL COUNCIL. MR. JOHN SCHAFER REPRESENTS MN BEEF COUNCIL. MR. JERRY HASNEDL REPRESENTED MINNESOTA FARMER'S UNION UNTIL BEING REPLACED BY MR. TED WINTER IN JANUARY OF 2024. MR. JEFF GREV, WORKS FOR HORMEL CORPORATION AND REPRESENTS AGRI-BUSINESS ON AURI'S BOARD OF DIRECTORS. MS. LAUREN MCNAMARA WORKS FOR SUNOPTA AND REPRESENTS AN AGRI-BUSINESS SEAT ON AURI'S BOARD OF DIRECTORS. MN WHEAT, MN SOYBEAN, MN BEEF, MN FARMER'S UNION, HORMEL AND SUNOPTA MAY OR MAY NOT BE COLLABORATORS ON SOME OF AURI'S PROJECTS. SHANNON SCHLECHT AND JIMMY GOSSE, EMPLOYEES OF AURI SERVED AS BOARD MEMBERS FOR THE AG INNOVATION CAMPUS. LEADERSHIP IN THIS PROJECT INCLUDED MN SOYBEAN GROWERS, MN SOYBEAN RESEARCH AND PROMOTION COUNCIL, AND FARMERS UNION INDUSTRIES, ALL OF WHICH COLLABORATE ON SOME PROJECTS WITH AURI. THE AG INNOVATION CAMPUS CLOSED AND DISSOLVED IN SEPTEMBER OF 2024. AG INNOVATION CAMPUS 1020 INNOVATION LN MANKATO MN 56001 851682317 LOAN GUARANTOR MN 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0