Farmers Antique Tractor & Engine Association
- Assets
- $195.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Adrian, MI
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 38-2421513
Organization Overview
Farmers Antique Tractor & Engine Association is located in Adrian, MI. The organization was established in 1990. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmers Antique Tractor & Engine Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Farmers Antique Tractor & Engine Association generated $30.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $24.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. 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
FOR EXHIBIT, OPERATION AND OBSERVANCE OF ALL TYPES OFSTEAM AND INTERNAL COMBUSTION POWERED EQUIPMENT ANDMACHINERY.
FOR EXHIBIT, OPERATION AND OBSERVANCE OF ALL TYPES OFSTEAM AND INTERNAL COMBUSTION POWERED EQUIPMENT ANDMACHINERY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Opersal President | 2 | $0 | |
Jerry Price Vice Presdient | 2 | $0 | |
Dale Gilson Treasurer | 2 | $0 | |
Jackie Salsbury Secretary | 2 | $0 | |
Joan Demlow Trustee | 2 | $0 | |
Mark Miller Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $120 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,838 |
| Investment income | $79 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,698 |
| Other Revenue | $21,746 |
| Total Revenue | $30,481 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $550 |
| Occupancy, rent, utilities, and maintenance | $6,636 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,774 |
| Total expenses | $23,960 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,271 |
| Other assets | $0 |
| Total assets | $195,155 |
| Total liabilities | $0 |
| Net assets or fund balances | $195,155 |