Montana Red Angus Association Incorporated
- Assets
- $78.8k
- Revenue
- $283.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Drummond, MT
- Founding
- 11/2009
- Data as of
- 12/2023
- EIN
- 20-8536276
Organization Overview
Montana Red Angus Association Incorporated is located in Drummond, MT. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Red Angus Association Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Montana Red Angus Association Incorporated generated $283.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $274.4k during the year ending 12/2023. While expenses have increased by 63.7% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OUR MEMBERS AND THEIR CUSTOMERS WITH INNOVATIVE PROGRAMS AND SERVICES TO ADVANCE THE QUALITY, RELIABILITY AND VALUE OF RED ANGUS AND RED ANGUS INFLUENCED SEEDSTOCK IN THE COMMERCIAL BEEF INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MTRAA SPONSORS A PRESTIGIOUS RED ANGUS CATTLE SALE TO SHOWCASE MEMBER BREEDERS BY GIVING THEM AN OUTLET TO MARKET THEIR REGISTERED SEEDSTOCK TO INTERESTED PUREBRED AND COMMERCIAL CATTLE PRODUCERS ALL OVER THE US. IN 2023, THE 40TH ANNUAL PRESTIGIOUS NILE RED ANGUS SALE WAS HELD IN BILLINGS, MT. THE ORGANIZATION RECEIVED PROCEEDS FROM THE SALE IN A CLEARING ACCOUNT AND THEN DISBURSED THE FUNDS BACK TO THE SALE CONSIGNORS OF THE SALE. THE EXPENSES OF THE SALE ARE ALLOCATED TO THE CONSIGNORS. THE MTRAA HELPS PROMOTE THIS SALE THIS SALE THROUGH ADVERTISING AND ALSO HOSTS A LUNCHEON FOR PEOPLE IN ATTENDANCE.
THE MTRAA PROMOTES OUR BREED AND MEMBER BREEDERS THOUGH A CALENDAR PROGRAM. BREEDERS PURCHASE CALENDAR SPACE, THE CALENDARS ARE PRINTED TO INCLUDE CATTLE GESTATION INFORMATION AND BREEDER AUCTION DATES. THE CALENDARS ARE THEN DISBURSED TO THE BREEDERS AND TO COMMERCIAL CATTLEMEN THROUGH TRADE SHOWS, LIVESTOCK SALE BARNS AND OTHER AGRICULTURE INDUSTRY EVENTS. MTRAA PRINTS OVER 600 CALENDARS. THIS PROGRAM IS ONE OF THE FIRST OF ITS KIND IN THE RED ANGUS BREED,
MTRAA HOLDS AN ANNUAL MEMBERSHIP MEETING IN OCTOBER OF EACH YEAR IN CONJUNCTION WITH THE ASSOCIATIONS PRESTIGIOUS NILE SALE. THE MEMBERSHIP MEETING IS HELD ON THURSDAY DURING THE EVENT. SUBSEQUENT TO THE NILE RED ANGUS SALE THE ASSOCIATION HOSTS A BANQUET FOR MEMBERS AND OTHER INTERESTED CATTLEMEN. WE ENCOURAGE ALL OF THE MEMBERSHIP TO ATTEND. IN 2023, OVER 90 PEOPLE ATTENDED THIS BANQUET TO CELEBRATE MTRAA. THIS BANQUET IS FOR THE PURPOSE OF ITS MEMBERS TO RECOGNIZE THEIR VOLUNTEER CONTRIBUTIONS TO THE ASSOCIATION AND TO DEVELOP AND MAINTAIN RELATIONSHIPS WITHIN OUR ORGANIZATION..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Gieb Director | Trustee | 1 | $0 |
Jenny Moke Director | Trustee | 1 | $0 |
Madri Blom Director | Trustee | 1 | $0 |
Tena Ketchum President | Trustee | 15 | $0 |
Luke Larson Vice President | Trustee | 7 | $0 |
Kara Herbst Secretary/treasurer | Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,871 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,871 |
| Total Program Service Revenue | $276,695 |
| Investment income | $143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $283,709 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,100 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $599 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,711 |
| Office expenses | $1,114 |
| Information technology | $5,263 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,975 |
| Total functional expenses | $274,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,355 |
| Savings and temporary cash investments | $33,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$218 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $78,813 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $78,813 |
| Total liabilities and net assets/fund balances | $78,813 |