Foremost Brewing Cooperative offers three types of memberships:
Patron, Non-Patron, and Patron Plus.
A member may be both a Patron and a Non-Patron member. This membership is called a Patron Plus.
Patron
Non-Patron
"I just want free beer and a few other perks."
"I have a little bit of extra cash I'd like to invest.
I don't really care about the beer perks."
A Patron member joins the co-op because they want to support the brewpub by drinking and eating there. Patron members receive a dividend based on the amount of money spent at the co-op. The dividend comes in the form of credit to be used in the future at the co-op.
In other words, if you eat and drink a lot at Foremost, you will get a lot of credit for free beer and food the following year. If you eat and drink only a little, you will only get a little bit of credit for the following year.
In addition to a dividend based on purchases, Patron members also receive one vote in the affairs of the cooperative.
The membership holds the following powers:
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Election and removal of directors
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Passage of advisory resolution for consideration by the Board
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And all other rights given to them in the bylaws
What does a membership cost?
Before we open our doors...
The investment level for patron members is $150 for an individual membership and $250 for a joint membership (two people of the same household). You will also be considered a founding member.
After we open our doors...
Memberships will increase to $200 for an individual membership and $300 for a joint membership.
The patron membership investment is a one-time fee!
In addition to voting rights and dividends (refunds) based on purchases made, founding patron members receive the
following perks:
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Your name on the Founders tribute wall
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Member-only happy hour pricing
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A free pint the week of their birthday
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A free pint the week of their membership anniversary
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An exclusive Foremost Brewing Founders t-shirt
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An exclusive Founders pin
Non-patron members own an investment interest in the cooperative. Investment returns received are in proportion to their share of the investment.
In other words, Non-Patrons are investing money in the business itself and will receive financial reimbursement in proportion to their investment.
A Non-Patron member does not receive credit for Foremost Brewing Cooperative products unless they also purchase a regular Patron membership.
A member may be both a Patron member and a Non-Patron member, which is a Patron Plus (scroll farther down for details). Each member will have one vote in the affairs of the cooperative.
Regardless of membership class, the membership holds the following powers:
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Election and removal of directors
-
Passage of advisory resolution for consideration by the Board
-
And all other rights given to them in the bylaws
How much can I invest?
Non-patron membership interests can be purchased in increments of $50, with the minimum investment level being $750 and the maximum investment level (for non-accredited investors) being $10,000.
Foremost Brewing Cooperative is working with Silicon Prairie's MNVest portal to ensure the safety and legality of the financial transaction.
Our initial Silicon Prairie portal closes August 15, 2019.
Read more about Silicon Prairie and our cybersecurity and privacy policies on our MNVest page.
Non-Patron Membership is Closed
Patron Plus
"I have a little bit of extra cash I'd like to invest, but I still want the beer perks."
Members may purchase both a Patron membership and a Non-Patron membership. Such dual membership holders are called “Patron Plus” members. Patron Plus members receive additional benefits corresponding to increasing levels of investment. Deadline to invest and gain the below beer perks is August 15, 2019.
Patron Plus Membership is Closed.
Please note, members must purchase both the patron membership for $150 ($250 household) AND a Non-Patron membership at one of the levels listed below in order to qualify as a Patron Plus member. The exception to this is membership at the "Mosaic" level. At this level, the patron membership is included in the perks package.
Click table to enlarge.
For all levels of Patron Plus membership:
* For a joint membership, free pints are per person; free growler fills are per household.
** All pint and growler fills must be Foremost Brewing Cooperative brewed beers.
*** For a joint membership, all Additional Perks are per household.
**** A list of Foremost Brewing Cooperative sponsored local charities will be provided by the Board of Directors. The Patron Plus member will receive the opportunity to select a charity from the list provided and host an event in the charity’s honor. Foremost Brewing Cooperative will donate 10% of the events proceeds to the selected charity.