Calftech
- Assets
- $36.5k
- Revenue
- $111.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Ortonville, MI
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 20-8082454
Organization Overview
Calftech is located in Ortonville, MI. The organization was established in 2009. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calftech is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Calftech generated $111.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $118.7k during the year ending 12/2022. While expenses have increased by 12.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Calftech has awarded 44 individual grants totaling $172,012. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY PROVIDES SCHOLARSHIPS TO HELP YOUNG ADULTS TO LEARN ABOUT THE CATTLE AND LIVESTOCK BUSINESS AND TO PROMOTE THEIR INTEREST AND EXPERIENCE IN THESE CAREERS, FARMS AND RELATED BUSINESS OR ACTIVITIES. THE TYPICAL SCHOLARSHIP AWARDS A HEIFER EACH SEASON TO ONE OR MORE STUDENTS. THE STUDENT WILL BE RESPONSIBLE FOR CARE, MAINTENANCE AND DEVELOPMENT OF THAT HEIFER FOR EITHER SHOW, BREEDING OR COMMERICAL PURPOSES.
THE ENTITY PROVIDES SCHOLARSHIPS TO HELP YOUNG ADULTS TO LEARN ABOUT THE CATTLE AND LIVESTOCK BUSINESS AND TO PROMOTE THEIR INTEREST AND EXPERIENCE IN THESE CAREERS, FARMS AND RELATED BUSINESS OR ACTIVITIES. THE TYPICAL SCHOLARSHIP AWARDS A HEIFER EACH SEASON TO ONE OR MORE STUDENTS. THE STUDENT WILL BE RESPONSIBLE FOR CARE, MAINTENANCE AND DEVELOPMENT OF THAT HEIFER FOR EITHER SHOW, BREEDING OR COMMERICAL PURPOSES.
THE ENTITY PROVIDES FOOD AND SUPPLIES FOR ANIMALS THAT ARE IN NEED IN THE NORTH OAKLAND AREA AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Haering President | 5 | $0 | |
James Haering Director | 2 | $0 | |
Richard Haering Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,800 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $111,803 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $907 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,730 |
| Printing and publications | $0 |
| Other expenses | $100,199 |
| Total operating and administrative expenses | $106,156 |
| Contributions, gifts, grants paid | $12,571 |
| Total expenses and disbursements | $118,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,724 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $24,745 |
| Other assets | $0 |
| Total assets | $36,469 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,555 |
| Total liabilities | $3,555 |
Grants Awarded
Over the last fiscal year, Calftech has awarded $16,471 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN TRUCK HISTORICAL SOCIETY PURPOSE: COMMUNITY WELFARE | $1,247 |
ST CLAIR COUNTY 4H & YOUTH FAIR PURPOSE: COMMUNITY WELFARE | $5,653 |
LAPEER COUNTY AGRICULTURAL PURPOSE: COMMUNITY WELFARE | $4,475 |
ARMADA YOUTH LIVESTOCK PURPOSE: COMMUNITY WELFARE | $5,096 |