National Association Of Animal Breeders Inc
- Assets
- $2.1m
- Revenue
- $1.2m
- Investments
- $152.2k
- Employees
- 4
- Location
- Madison, WI
- Founding
- 11/1995
- Data as of
- 06/2023
- EIN
- 43-1717306
Organization Overview
National Association Of Animal Breeders Inc is located in Madison, WI. The organization was established in 1995. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2023, National Association Of Animal Breeders Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Animal Breeders 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 06/2023, National Association Of Animal Breeders Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 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
THE PRINCIPAL BUSINESS AND PURPOSE OF THIS ASSOCIATION SHALL BE TO UNITE THOSE INDIVIDUALS AND ORGANIZATIONS ENGAGED IN THE ARTIFICIAL INSEMINATION OF CATTLE AND OTHER LIVESTOCK INTO AN AFFILIATED FEDERATION OPERATING UNDER SELF-IMPOSED STANDARDS OF PERFORMANCE AND CONDUCT, TO PROMOTE THE MUTUAL INTERESTS AND IDEALS OF ITS MEMBERS, AND TO DEVELOP AND RECOMMEND PROCEDURES TO PROTECT USERS OF SEMEN, AND PERSONS AND CORPORATIONS UTILIZING ARTIFICIAL INSEMINATION, TO THE EXTENT TECHNICALLY FEASIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL MARKETING PROGRAM HEALTH - FMD EXPORT PROMOTION PROGRAM ($50,000); JAPAN CERTIFICATES ARE SIGNED VIA DOCUSIGN. PROCESSED 1,792 ORDERS FOR 422.079 UNITS OF SEMEN FROM JULY 1, 2022 TO JUNE 30, 2023.
EXPORT PROMOTION - DR. EAGLEN AND JAY WEIKER TRAVELED TO KENYA IN JULY, 2022 WORKING TO RESOLVE A TRADE BARRIER (GENETIC CRITERIA FOR IMPORTS) WITH GOVERNMENT AND INDUSTRY LIAISONS. IN OCTOBER 2022, DR. EAGLEN TRAVELED TO THE UK AS THE INDUSTRY LIAISON TO ATTEND ICAR AND EFFAB MEETINGS. DR. EAGLEN TRAVELED TO GERMANY IN NOVEMBER 2022 TO ATTEND EUROTIER WITH USLGE AND COLLEAGUE MEMBERS. DR. MEYER AND DR. EAGLEN TRAVELED TO BRAZIL IN DECEMBER 2022 TO VISIT COLLECTION CENTERS THAT HOUSE US BULLS AND NAAB MEMBERS OFFICES. JANUARY 2023 BROUGHT DR. EAGLEN TO TUNISIA FOR MARKET DEVELOPMENT AND TO ESTABLISH RELATIONSHIPS WITH KEY STAKEHOLDERS. IN MARCH, DR. EAGLEN ATTENDED VIV ASIA IN THAILAND. DR. EAGLEN RETURNED TO MOROCCO IN LATE APRIL-EARLY MAY TO GIVE A SEMINAR AT THE SIAM AG CONFERENCE IN MEKNES.
TECHNICAL PROGRAMS - THE ASSOCIATION HOLDS A BIENNIAL TECHNICAL CONFERENCE ON ARTIFICIAL INSEMINATION AND REPRODUCTION FOR MEMBERS AND GUESTS WITH A COMPLETE PROGRAM. FY22 CONFERENCE WAS HELD IN MILWAUKEE, WI SEPTEMBER 23-25, 2022.
GENETICS/INDUSTRY RELATIONS/BEEF - THE ASSOCIATION MAINTAINS A DATABASE OF ALL DAIRY BULLS USED IN ARTIFICIAL INSEMINATION CURRENTLY AT 108,310 + ANIMALS. WE HAVE DONE CONSIDERABLE WORK DEVELOPING THE SEPARATE BEEF DATABASE AND NOW HAVE 28,830 RECORDS WITH MORE BEING ADDED WEEKLY. WE ARE CONTINUING TO WORK WITH MEMBERS AND STUD LOCATIONS TO ADD ALL NAAB CODES ASSIGNED TO ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hunt Chairman | OfficerTrustee | 1 | $0 |
Bobby Fair Vice-Chair | OfficerTrustee | 1 | $0 |
Katie Olson Vice-Chair (thru Oct) | OfficerTrustee | 1 | $0 |
Earl Souva Director | Trustee | 1 | $0 |
Christopher England Director | Trustee | 1 | $0 |
Roy Wilson 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,179,342 |
| Investment income | $20,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| 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 | $1,206,376 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $93,865 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $261,001 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,503 |
| Pension plan accruals and contributions | $21,991 |
| Other employee benefits | $55,300 |
| Payroll taxes | $31,799 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,034 |
| Fees for services: Accounting | $15,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,057 |
| Advertising and promotion | $96,361 |
| Office expenses | $82,686 |
| Information technology | $3,200 |
| Royalties | $0 |
| Occupancy | $43,074 |
| Travel | $45,916 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,486 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,151 |
| Insurance | $19,344 |
| All other expenses | $1,311 |
| Total functional expenses | $1,194,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,000 |
| Savings and temporary cash investments | $1,047,923 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,585 |
| 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 | $42,899 |
| Net Land, buildings, and equipment | $3,875 |
| Investments—publicly traded securities | $417,955 |
| Investments—other securities | $152,178 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,184 |
| Total assets | $2,066,599 |
| Accounts payable and accrued expenses | $31,519 |
| Grants payable | $0 |
| Deferred revenue | $8,045 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $43,731 |
| 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 | $144,254 |
| Total liabilities | $227,549 |
| Net assets without donor restrictions | $1,839,050 |
| 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 | $2,066,599 |