Equity Livestock Credit Corporation
- Assets
- $8.5m
- Revenue
- $830.4k
- Investments
- $199.6k
- Employees
- 1
- Location
- Baraboo, WI
- Founding
- 04/1992
- Data as of
- 12/2023
- EIN
- 39-1716802
Organization Overview
Equity Livestock Credit Corporation is located in Baraboo, WI. The organization was established in 1992. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equity Livestock Credit Corporation is a 501(c)(16) and as such, is described as a "Cooperative Organization to Finance Crop Operations" by the IRS.
For the year ending 12/2023, Equity Livestock Credit Corporation generated $830.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $449.8k during the year ending 12/2023. While expenses have increased by 8.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCING FOR PRODUCERS IN FEEDER CATTLE OPERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MADE PLACEMENTS TO PRODUCERS AMOUNTING TO APPROXIMATELY $1,845,247. THIS ENABLED PRODUCERS TO FINANCE, CONTINUE AND EXPAND THEIR OPERATIONS UNDER CODE SECTIONS 521 AND 501(C)(16).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Larson CEO And President | Officer | 1 | $0 |
Mark Clarke COO | Officer | 1 | $0 |
Rob Meier Vice President Of Informat | Officer | 1 | $0 |
Gary Williams Vice President Of Credit S | Officer | 1 | $0 |
Nancy Bilz Vice President Of Finance | Officer | 1 | $0 |
David H Johnson Vice President Of Marketin | Officer | 1 | $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 | $809,278 |
| Investment income | $939 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,357 |
| 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. | $9,520 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,744 |
| Payroll taxes | $8,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,441 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $660 |
| Office expenses | $10,857 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,620 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $206,401 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,962 |
| All other expenses | $0 |
| Total functional expenses | $449,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,213 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,269,437 |
| Inventories for sale or use | $1,708 |
| Prepaid expenses and deferred charges | $3,613 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $199,635 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,531,163 |
| Accounts payable and accrued expenses | $113,518 |
| 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 | $4,417,187 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,530,705 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $9,100,010 |
| Paid-in or capital surplus, or land, building, or equipment fund | $99,990 |
| Retained earnings, endowment, accumulated income, or other funds | -$5,199,542 |
| Total liabilities and net assets/fund balances | $8,531,163 |