Southeastern Livestock Exposition Inc
- Assets
- $949.8k
- Revenue
- $512.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 12/1972
- Data as of
- 07/2021
- EIN
- 23-7207500
Organization Overview
Southeastern Livestock Exposition Inc is located in Montgomery, AL. The organization was established in 1972. 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. Southeastern Livestock Exposition Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 07/2021, Southeastern Livestock Exposition Inc generated $512.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $477.5k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGE AND PROMOTE LIVESTOCK BREEDING AND MARKETING
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, PROMOTION, AND SUPPORT TO LOCAL CATTLEMEN AND AGRICULTURAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Beasley Executive Director | Officer | 1 | $2,890 |
Randy Davis President | OfficerTrustee | 1 | $0 |
Frank Ellis President-Elect | OfficerTrustee | 1 | $0 |
Linwood Mcclain Vice President | OfficerTrustee | 1 | $0 |
Ld Fitzpatrick Treasurer | OfficerTrustee | 1 | $0 |
Woody Clark Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $8,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,741 |
| Net Gain/Loss on Asset Sales | $111,805 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $512,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $57,300 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $70,855 |
| 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 | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,728 |
| Advertising and promotion | $50,132 |
| Office expenses | $12,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,756 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,524 |
| Insurance | $5,998 |
| All other expenses | $0 |
| Total functional expenses | $477,467 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,972 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176 |
| 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 |
| Investments—publicly traded securities | $662,437 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $949,807 |
| 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 | $58,491 |
| Total liabilities | $58,491 |
| 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 |
| Total liabilities and net assets/fund balances | $891,316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claxton Poultry Farms Trust Claxton, GA | $1,415,506 | $8,695,488 |
Alabama Cattlemens Association Montgomery, AL | $5,378,419 | $2,850,910 |
Florida Cattlemens Association Kissimmee, FL | $2,742,826 | $1,860,018 |
Tennessee Walking Horse Breeders & Exhibitors Association Lewisburg, TN | $1,795,038 | $1,391,959 |
Georgia Cattlemens Association Inc Macon, GA | $1,277,076 | $1,308,478 |
Tennessee Cattlemens Association Murfreesboro, TN | $1,366,983 | $701,337 |
Mississippi Poultry Association Inc Pearl, MS | $623,322 | $611,729 |
Mississippi Cattlemens Association Jackson, MS | $631,082 | $564,738 |
Southeastern Livestock Exposition Inc Montgomery, AL | $949,807 | $512,331 |
Florida Paso Fino Horse Association Inc Doral, FL | $103,749 | $479,866 |
National Independent Poultry & Food Distributors Association Saint Marys, GA | $865,651 | $503,189 |
Gypsy Vanner Horse Society Morriston, FL | $188,025 | $324,966 |