Ameriflax
- Assets
- $62.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bismarck, ND
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 45-0459510
Organization Overview
Ameriflax is located in Bismarck, ND. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ameriflax 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 12/2023, Ameriflax generated $61.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $71.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE FLAXSEED PRODUCED IN THE UNITED STATES FOR THE FOOD AND LIVESTOCK INDUSTRIES AND WORK WITH PRODUCERS.
Describe the Organization's Program Activity:
Part 3
COORDINATE FLAX FACTS BROCHURES FOR DISTRIBUTION AT TRADE SHOWS, HEALTH SEMINARS AND ND EXTENSION SERVICES; SHOWCASE HEALTH AND ECONOMIC BENEFITS OF EATING FLAXSEED AND PRODUCTS MADE WITH FLAXSEED; MAINTAIN A WEBSITE PROMOTING FLAXSEED WITH RECIPES; ATTEND FOOD INDUSTRY TRADE SHOWS; AND PROMOTE FLAXSEED FOR LIVESTOCK AT THREE MAJOR AG/CATTLEMAN EXPOS. WORK WITH PRODUCERS AND OTHER FLAX ORGANIZATIONS TO PROMOTE FLAXSEED.
SUPPORT FOR NDSU RESEARCH PROJECTS: FLAX FIBER STUDY, FLAX GENOMIC SELECTION, AND INTEGRATION OF FLAX FIBERS. SUPPORT FOR GREENHOUSE STUDY THROUGH NDSU DEVELOPMENT FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Axness President | 4 | $0 | |
Roger Gussiaas Vice Preside | 2 | $0 | |
Ray Albrecht Treasurer | 2 | $0 | |
Mike Ostlie Director | 1 | $0 | |
Lee Novak Director | 1 | $0 | |
Troy Coons Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $60,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,200 |
| Total Revenue | $61,200 |
| 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 | $30,540 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,333 |
| Total expenses | $71,336 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $62,800 |
| Other assets | $0 |
| Total assets | $62,800 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,800 |