Saginaw Prairie Farm Corp
- Assets
- $279.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Charles, MI
- Founding
- 03/2008
- Data as of
- 12/2023
- EIN
- 38-1363833
Organization Overview
Saginaw Prairie Farm Corp is located in Saint Charles, MI. The organization was established in 2008. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saginaw Prairie Farm Corp is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Saginaw Prairie Farm Corp generated $108.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $118.0k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
MEMBERS ASSESSMENTS WERE USED TO MAINTAIN MUTUAL DITCHES AND PUMPING STATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Albosta President | 5 | $0 | |
Joseph Wasmiller Vice President | 2 | $0 | |
Eric Blaine Secretarytreasurer | 10 | $1,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $106,552 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,459 |
| Total Revenue | $108,011 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,266 |
| Professional fees and other payments to independent contractors | $3,265 |
| Occupancy, rent, utilities, and maintenance | $85,534 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,934 |
| Total expenses | $117,999 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,822 |
| Other assets | $0 |
| Total assets | $279,010 |
| Total liabilities | $0 |
| Net assets or fund balances | $279,010 |