Minnesota Holstein-Friesian Breeders Association Inc
- Assets
- $499.2k
- Revenue
- $153.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Plainview, MN
- Founding
- 04/1952
- Data as of
- 09/2023
- EIN
- 41-0700500
Organization Overview
Minnesota Holstein-Friesian Breeders Association Inc is located in Plainview, MN. The organization was established in 1952. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. As of 09/2023, Minnesota Holstein-Friesian Breeders Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Holstein-Friesian Breeders Association 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 09/2023, Minnesota Holstein-Friesian Breeders Association Inc generated $153.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $162.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING AND DEVELOPING THE MARKET FOR THE HOLSTEIN BREED OF CATTLE AND THEIR PRODUCTS; ENCOURAGE, PROMOTE AND EXTEND THE SUCCESSFUL KEEPING AND BREEDING OF HOLSTEIN CATTLE; AND DISSEMINATE USEFUL INFORMATION OF THE HOLSTEIN BREED FOR DAIRY AND OTHER PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE SALES AND LIVESTOCK MARKETING - PROMOTE AND DEVELOP THE MARKET FOR HOLSTEIN-FRIESIAN BREED FOR DAIRY AND OTHER.
JUNIOR ASSOCIATION - PROMOTE THE HOLSTEIN-FRIESIAN BREED FOR YOUNG FUTURE FARMERS.
PUBLICATIONS/SUBSCRIPTIONS - HOLSTEIN NEWS & TABLOID - DISSEMINATE USEFUL INFORMATION OF THE HOLSTEIN-FRIESIAN BREED FOR DAIRY AND OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Donnay Director | Trustee | 1 | $0 |
Trevor Ekkel Director | Trustee | 1 | $0 |
Rebecca Groos Director | Trustee | 1 | $0 |
Randy Gross Vice Preside | OfficerTrustee | 1 | $0 |
Kris Gruenes President | OfficerTrustee | 1 | $0 |
Tony Kohls Director | Trustee | 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 | $47,818 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,818 |
| Total Program Service Revenue | $21,874 |
| Investment income | $17,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,974 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $153,555 |
| 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 | $40,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,896 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,554 |
| Advertising and promotion | $2,050 |
| Office expenses | $20,736 |
| Information technology | $2,788 |
| Royalties | $0 |
| Occupancy | $798 |
| Travel | $7,008 |
| 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 | $1,122 |
| Insurance | $6,800 |
| All other expenses | $0 |
| Total functional expenses | $162,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,077 |
| Savings and temporary cash investments | $279,631 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175 |
| 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 | $2,906 |
| Net Land, buildings, and equipment | $5,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $499,204 |
| Accounts payable and accrued expenses | $3,465 |
| Grants payable | $0 |
| Deferred revenue | $6,487 |
| 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 | $0 |
| Total liabilities | $9,952 |
| Net assets without donor restrictions | $434,165 |
| Net assets with donor restrictions | $55,087 |
| 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 | $499,204 |