Farm Equipment Manufacturers Association
- Assets
- $4.8m
- Revenue
- $923.2k
- Investments
- $100.0
- Employees
- 6
- Location
- Saint Louis, MO
- Founding
- 08/1958
- Data as of
- 08/2022
- EIN
- 43-0712976
Organization Overview
Farm Equipment Manufacturers Association is located in Saint Louis, MO. The organization was established in 1958. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 08/2022, Farm Equipment Manufacturers Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farm Equipment Manufacturers Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2022, Farm Equipment Manufacturers Association generated $923.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $965.1k during the year ending 08/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION SHALL PROVIDE INDUSTRY LEADERSHIP TO ENHANCE BUSINESS OPPORTUNITIES AND PROFITABILITY TO THE MEMBERSHIP BY PROVIDING A FORUM FOR MARKETING SHORTLINE EQUIPMENT THROUGH NETWORKING, COMMUNICATIONS, AND TECHNOLOGY, AND A FORUM FOR PURCHASING MATERIALS AND SERVICES REQUIRED BY THE MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vernon Schmidt Executive VP | 50 | $155,036 | |
Tim Burenga President | OfficerTrustee | 2 | $0 |
Craig Harthoorn Secretary | OfficerTrustee | 1 | $0 |
Paul Jeffrey Treasurer | OfficerTrustee | 2 | $0 |
Ben Hellbusch 1st Vice Pre | OfficerTrustee | 2 | $0 |
Matt Westendorf Ex Officio | OfficerTrustee | 2 | $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 | $675,317 |
| Investment income | $153,635 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,940 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $923,223 |
| 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 | $413,116 |
| Pension plan accruals and contributions | $33,213 |
| Other employee benefits | $28,372 |
| Payroll taxes | $31,718 |
| 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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,737 |
| Travel | $4,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $324,293 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,968 |
| Insurance | $0 |
| All other expenses | $29,498 |
| Total functional expenses | $965,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,432 |
| Savings and temporary cash investments | $2,201,641 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,805 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,825 |
| Prepaid expenses and deferred charges | $41,478 |
| Net Land, buildings, and equipment | $11,637 |
| Investments—publicly traded securities | $2,404,582 |
| Investments—other securities | $100 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,675 |
| Total assets | $4,847,175 |
| Accounts payable and accrued expenses | $24,591 |
| Grants payable | $0 |
| Deferred revenue | $191,582 |
| 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 | $3,174 |
| Total liabilities | $219,347 |
| Net assets without donor restrictions | $4,202,828 |
| Net assets with donor restrictions | $425,000 |
| 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 | $4,847,175 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Livestock Marketing Association Overland Park, KS | $41,945,453 | $11,175,778 |
German Farmers Mutual Assessment Insurance Assoc Of Hall County Inc Cairo, NE | $1,959,468 | $2,974,512 |
Iowa-Nebraska Farm Equipment Association Inc Johnston, IA | $8,633,028 | $3,095,740 |
Buffalo County Agricultural Association Kearney, NE | $14,912,793 | $2,842,209 |
Kentucky Corn Growers Association Eastwood, KY | $10,650,965 | $3,755,391 |
Dekalb County Farm Bureau Sycamore, IL | $2,798,652 | $1,236,356 |
National Assn Of Farm Broadcasters Platte City, MO | $5,376,583 | $1,403,716 |
Mississippi Valley Farm Bus Assn Fairfield, IA | $0 | $944,274 |
Farm Equipment Manufacturers Association Saint Louis, MO | $4,847,175 | $923,223 |
Central Iowa Farm Business Assn Jefferson, IA | $566,912 | $990,824 |
Fayette County Agricultural Society West Union, IA | $1,416,189 | $1,190,275 |
Knox County Farm Bureau Knoxville, TN | $1,372,068 | $906,855 |