Michigan Holstein-Friesian Assn Inc
- Assets
- $257.2k
- Revenue
- $110.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Waxahachie, TX
- Founding
- 10/1945
- Data as of
- 12/2021
- EIN
- 38-1801311
Organization Overview
Michigan Holstein-Friesian Assn Inc is located in Waxahachie, TX. The organization was established in 1945. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Michigan Holstein-Friesian Assn 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 12/2021, Michigan Holstein-Friesian Assn Inc generated $110.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.3%) each year. All expenses for the organization totaled $105.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) 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
TO PROMOTE, DEVELOP AND IMPROVE THE BREED OF HOLSTEIN-FRIESIAN CATTLE IN THE STATE OF MICHIGAN BY MEANS OF EDUCATION, SCIENTIFIC RESEARCH AND EXPERIMENTS. TO ENCOURAGE AND PROMOTE THE EXHIBITIONS OAND TO CONDUCT BLACK AND WHITE SHOWS AND CONSIGNMENT SALES. TO ATTEMPT, THROUGH EDUCTAIONAL MEANS, TO OBTAIN PROPER LEGISLATION HELPFUL TO THE DAIRY INDUSTRY, THE EFFICIENT MARKETING OF MILK AND DAIRY PRODUCTS, THE ERADICATION OF CATTLE DISEASES AND ANY OTHER MATTERS WHICH MAY AFFECT DAIRY FARMING WITH HOLSTEIN-FRIESIAN CATTLE. TO CONDUCT PUBLIC RELATION PROGRAMS FOR THE BENEFIT OF THE CATTLE OWNERS AND THE IMPROVEMENT OF THE BREED. TO COOPERATE WITH HOLSTEIN ASSOCIATION, USA, ITS PURPOSES AND OBJECTS TO PROMOTE ETHICAL CONDUCT AND FAIR DEALINGS BETWEEN THE CATTLE OWNERS OF THE CORPORATION AND THE PUBLIC AND TO DO ANY AND ALL THINGS AND ACTS INCIDENTAL THERETO FOR ALL THE AFOREMENTIONED PURPOSES OF THIS CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIPS - ACTIVITY TO PROMOTE NEW MEMBERSHIPS TO FARMERS WHO HAVE HOLSTEIN CATTLE.
MAGAZINE THAT ALLOWS HOLSTEIN CATTLE SALES AND PURCHASES.
MEETINGS - TO DISSEMINATE INFORMATION TO MEMBERS ABOUT HOLSTEIN CATTLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew Rupprecht Director | OfficerTrustee | $0 | |
Brent Moyer President | Officer | $0 | |
Steve Reed Vice Preside | Officer | $0 | |
Joe Kulhawick Director | Trustee | $0 | |
Sherry Meyer Director | Trustee | $0 | |
Kelly Raterink Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $51,730 |
| Investment income | $5,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $30,827 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $110,563 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,504 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,782 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $218 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,725 |
| All other expenses | $4,285 |
| Total functional expenses | $105,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,213 |
| 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 | $214,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,210 |
| Accounts payable and accrued expenses | $2,125 |
| 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 | $2,094 |
| Total liabilities | $4,219 |
| Net assets without donor restrictions | $252,991 |
| 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 | $257,210 |
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