Saginaw Prairie Farm Corp
- Assets
- $289.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Charles, MI
- Founding
- 03/2008
- Data as of
- 12/2022
- 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 12/2022, Saginaw Prairie Farm Corp generated $191.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $72.1k during the year ending 12/2022. While expenses have increased by 3.4% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
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 |
|---|---|---|---|
Eric Blaine Secretarytreasurer | 10 | $1,000 | |
Paul Albosta President | 5 | $0 | |
Joseph Wasmiller Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $87,012 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $104,525 |
| Total Revenue | $191,537 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,000 |
| Professional fees and other payments to independent contractors | $2,732 |
| Occupancy, rent, utilities, and maintenance | $30,898 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $34,470 |
| Total expenses | $72,100 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,735 |
| Other assets | $0 |
| Total assets | $288,998 |
| Total liabilities | $0 |
| Net assets or fund balances | $288,998 |
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