American Landrace Association Inc
- Assets
- $245.4k
- Revenue
- $628.8k
- Investments
- $0.0
- Employees
- 0
- Location
- West Lafayette, IN
- Founding
- 10/1961
- Data as of
- 12/2023
- EIN
- 35-0961250
Organization Overview
American Landrace Association Inc is located in West Lafayette, IN. The organization was established in 1961. 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. American Landrace Association 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 12/2023, American Landrace Association Inc generated $628.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $619.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REGISTRATION AND MAINTENANCE OF RECORDS OF PUREBRED SWINE; PRESERVATION OF BLOODLINES; IMPROVEMENT OF THE AMERICAN LANDRACE BREED
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Lenig Director | Trustee | 1 | $0 |
Russell Pedrett Vice Preside | OfficerTrustee | 1 | $0 |
Carter Schulte Director | Trustee | 1 | $0 |
Lance Strange President | OfficerTrustee | 1 | $0 |
Freddie Grohmann Director | Trustee | 1 | $0 |
Kyle Knauth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,005 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,174 |
| Total Program Service Revenue | $584,384 |
| Investment income | $6,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,760 |
| Net Gain/Loss on Asset Sales | $1,515 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$660 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,385 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,353 |
| Pension plan accruals and contributions | $3,426 |
| Other employee benefits | $14,171 |
| Payroll taxes | $6,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $239 |
| Fees for services: Accounting | $4,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $905 |
| Fees for services: Other | $311 |
| Advertising and promotion | $0 |
| Office expenses | $29,402 |
| Information technology | $5,339 |
| Royalties | $0 |
| Occupancy | $15,481 |
| Travel | $3,034 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $126,488 |
| Interest | $413 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,674 |
| Insurance | $2,664 |
| All other expenses | -$4,506 |
| Total functional expenses | $619,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,261 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $242,141 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $245,402 |
| Accounts payable and accrued expenses | $3,000 |
| 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 | $3,000 |
| Net assets without donor restrictions | $242,402 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $245,402 |