MIDWEST DRY BEAN COALITION

EIN: 934185560

FARGO, ND

Total Revenue
$260,000
Total Expenses
$110,019
Total Assets
$149,981
Net Assets
$149,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
ND
Principal Officer
JOHN BERTHOLD
Phone
7013655102
Tax Period
2023-07-01 to 2024-06-30

MIDWEST DRY BEAN COALITION, founded in 2023, is a small nonprofit that reported $260K in total revenue in fiscal year 2023. The organization ran a surplus of $150K, a strong 58% operating margin.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY AS A BUSINESS LEAGUE WITHIN THE MEANING OF SECTION 501(C)(6) OF THE INTERNAL RECENUE CODE OF 1986 (OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW), AND THE PURPOSES AND OBJECTIVES OF THIS CORPORATION SHALL BE AS FOLLOWS: A.TO PROMOTE, DOMESTICALLY AND INTERNATIONALLY, THE MARKETING AND CONSUMPTION OF MIDWEST-GROWN DRY BEANS. B.TO ADVOCATE FOR THE NUTRITIONAL BENEFITS OF DRY BEAN CONSUMPTION. C.TO ADVOCATE FOR GOVERNMENT PURCHASES AND CONSUMPTION OF MIDWEST-GROWN DRY BEANS, SUCH AS: .DOMESTIC FOOD DISTRIBUTION PROGRAMS (E.G. SCHOOL LUNCH PROGRAMS, SECTION 32 PURCHASES, COMMODITY CORPORATION FOOD FUNDS, ETC.). .EXPORT FOOD AID (E.G. PL 480, WORLD FOOD PROGRAM, MCGOVERN-DOLE, KANSAS CITY COMMODITIES OFFICE, ETC.). .ADDRESSING REFULATION THAT AFFECTS MIDWEST-BASED DRY BEAN PRODUCTION, PROCESSING, TRANSPORTATION, ETC. .FARM BILL ENGAGEMENT AND GUIDANCE. .CROP INSURANCE PROGRAMS AND POLICIES. .ME

Program Service Accomplishments

Program 1

NORTHARVEST BEAN GROWERS ASSOCIATION AND THE MIDWEST DRY BEAN COALITION SIGNED ONTO A FOOD-AID APPROPRIATIONS LETTER ASKING FOR UP-TO 2.3 BILLION FOR P.L.480, TITLE II FOOD FOR PEACE, FOOD FOR...

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NORTHARVEST BEAN GROWERS ASSOCIATION AND THE MIDWEST DRY BEAN COALITION SIGNED ONTO A FOOD-AID APPROPRIATIONS LETTER ASKING FOR UP-TO 2.3 BILLION FOR P.L.480, TITLE II FOOD FOR PEACE, FOOD FOR PROGRESS, & MCGOVERN DOLE INTERNATIONAL FOOD FOR EDUCATION WITHIN THE AGRICULTURE-RURAL DEVELOPMENT, FOOD & DRUG ADMINISTRATION, & RELATED AGENCIES FOR APPROPRIATIONS IN THE FARM BILL.

Program 2

THE MIDWEST DRY BEAN COALITION AND THE NORTHARVEST BEAN GROWERS ASSOCIATION SIGNED ONTO A SUPPORT LETTER FOR THE HOUSE AG COMMITTEE, "FARM, FOOD AND NATIONAL SECURITY ACT OF 2024". THIS SETS A 50%...

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THE MIDWEST DRY BEAN COALITION AND THE NORTHARVEST BEAN GROWERS ASSOCIATION SIGNED ONTO A SUPPORT LETTER FOR THE HOUSE AG COMMITTEE, "FARM, FOOD AND NATIONAL SECURITY ACT OF 2024". THIS SETS A 50% FLOOR FOR U.S. COMMODITIES IN THE FOOD FOR PEACE AGREEMENT.

Program 3

MITCH ORGANIZED A CALL WITH THE MDBC TO CAPTURE INVENTORIES OF BEANS SO HE COULD SUBMIT A BID TO USAID & USDA-AMS. HERE WAS THE SUBMISSION: 300,000 CWT PINTO @58 = 17,400,000; 200,000 CWT BLACK @63 =...

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MITCH ORGANIZED A CALL WITH THE MDBC TO CAPTURE INVENTORIES OF BEANS SO HE COULD SUBMIT A BID TO USAID & USDA-AMS. HERE WAS THE SUBMISSION: 300,000 CWT PINTO @58 = 17,400,000; 200,000 CWT BLACK @63 = 12,600,000; 600,000 CWT NAVY @40 = 24,000,000; 200,000 CWT DARK RED KIDNEY @55 = 11,000,000; 200,000 CWT LIGHT RED KIDNEY @55 = 11,000,000; 200,000 CWT GREAT NORTHERN @58 = 11,600,000. GRAND TOTAL: 1,700,000 CWT = 87.6 MILLION

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $260,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $110,019
TOTAL EXPENSES $110,019

Year-over-Year Comparison

2023 2022 Change
Revenue $260,000 N/A N/A
Expenses $110,019 N/A N/A
Net Income $149,981 N/A N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BERTHOLD PRESIDENT N/A
Officer
$0 $0 $0
MITCH COULTER VICE PRESIDE N/A
Officer
$0 $0 $0
DYLAN KARLEY SECRETARY TR N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $260,000 $110,019 $149,981 $149,981
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