Hall County Livestock Improvement Assn Inc is located in Grand Island, NE. The organization was established in 1954. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Hall County Livestock Improvement Assn Inc employed 332 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hall County Livestock Improvement Assn Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2022, Hall County Livestock Improvement Assn Inc generated $18.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $18.7m during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE PARIMUTUEL HORSERACING TO FACILITATE THE PROMOTION OF AGRICLTURE ACTIVITIES IN HALL COUNTY NEBRASKA
Describe the Organization's Program Activity:
Part 3 - Line 4a
HORSE RACING - 31 DAYS, ALSO SEE ATTACHED SCHEDULE OF ACTIVITIES FOR THE HALL COUNTY AND CENTRAL NEBRASKA COMMUNITY WHICH WERE HELD AT FONNER PARK DURING THE FISCAL YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Kotulak CEO | 65 | $143,758 | |
Dan Fogland Executive Bo | Trustee | $0 | |
Steven P Hansen Executive Bo | Trustee | $0 | |
Matt Maser Executive Bo | Trustee | $0 | |
Bill Oltean Executive Bo | Trustee | $0 | |
Russ Rerucha Executive Bo | Trustee | 2 | $0 |
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 | $18,260,029 |
Investment income | $158,950 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$63,297 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $34,804 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,700,644 |
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 | $1,989,158 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $34,843 |
Other employee benefits | $47,691 |
Payroll taxes | $220,860 |
Fees for services: Management | $0 |
Fees for services: Legal | $66,047 |
Fees for services: Accounting | $9,600 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $126,516 |
Office expenses | $46,939 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $575,350 |
Travel | $4,266 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,244 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $264,033 |
Insurance | $436,852 |
All other expenses | $1,774,218 |
Total functional expenses | $18,686,157 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,121,697 |
Savings and temporary cash investments | $2,122,373 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $382,027 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $55,390 |
Prepaid expenses and deferred charges | $24,385 |
Net Land, buildings, and equipment | $3,266,072 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $385,000 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $7,356,944 |
Accounts payable and accrued expenses | $564,848 |
Grants payable | $0 |
Deferred revenue | $35,380 |
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 | $52,914 |
Total liabilities | $653,142 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $19,550 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $6,684,252 |
Total liabilities and net assets/fund balances | $7,356,944 |
Organization Name | Assets | Revenue |
---|---|---|
Hall County Livestock Improvement Assn Inc Grand Island, NE | $7,356,944 | $18,700,644 |
Colorado State University Research Foundation Fort Collins, CO | $76,363,616 | $17,101,425 |
Cattle Marketing Information Service Inc Centennial, CO | $10,232,189 | $5,839,323 |
Missouri Cattlemens Association Columbia, MO | $888,899 | $1,504,434 |
South Dakota Producers Council Sioux Falls, SD | $1,200,455 | $1,325,308 |
Colorado Cattlemens Association Arvada, CO | $3,242,404 | $2,014,038 |
American Maine Anjou Association Platte City, MO | $1,022,429 | $1,043,766 |
Us Roundtable For Sustainable Beef Inc Centennial, CO | $493,946 | $884,885 |
Global Roundtable For Sustainable Beef Colorado Springs, CO | $422,575 | $590,262 |
Colorado Cattle Feeders Association Greeley, CO | $3,835,241 | $966,628 |
North Central Poultry Association Urbandale, IA | $1,244,126 | $668,035 |
South Dakota Cattlemens Foundation De Smet, SD | $0 | $585,344 |