Nebraska Agri-Business Association Inc
- Assets
- $730.4k
- Revenue
- $605.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, NE
- Founding
- 03/1966
- Data as of
- 06/2023
- EIN
- 47-0469483
Organization Overview
Nebraska Agri-Business Association Inc is located in Lincoln, NE. The organization was established in 1966. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Agri-Business Association Inc 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 06/2023, Nebraska Agri-Business Association Inc generated $605.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $564.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
PROVIDE UNIFIED LEADERSHIP AND INFLUENCE CREATING TANGIBLE ECONOMIC AND EDUCATIONAL VALUE FOR NEBRASKA'S CROP PRODUCTION INDUSTRY PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRADE SHOW FOR MEMBERS OF THE ASSOCIATION PROVIDING EDUCATIONAL WORKSHOPS. ALSO PROVIDES A SHOWCASE OF PRODUCTS AND EQUIPMENT FOR THE MEMBERS.
TO PROVIDE ADVICE AND LEADERSHIP IN MONITORING AG-RELATED LEGISLATION.
AG SEMINARS AND WORKSHOPS PROVIDING EDUCATION TO MEMBERS RELATING TO INDUSTRY PROBLEMS. ALSO PROVIDES TRAINING FOR MEMBERS AND THEIR EMPLOYEES.
TO PROVIDE DIRECTORY SALES AND ADVERTISING. A QUARTERLY PUBLICATION PAID FOR BY ADVERTISING GIVES INFORMATION TO MEMBERS ABOUT THE ASSOCIATION AS WELL AS ARTICLES AND INDUSTRY INFORMATION. A MEMBERSHIP DIRECTORY OF MEMBERS IN THE STATE IS ALSO FUNDED THROUGH ADVERTISING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Welch Director | Trustee | 0 | $0 |
Shannon Harney Past Chairman | OfficerTrustee | 0 | $0 |
Slater Chandler Director | Trustee | 0 | $0 |
Mike Heins Director | Trustee | 0 | $0 |
Pete Cullan Director | Trustee | 0 | $0 |
Bryan Hoffman Finance Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $184,850 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,400 |
| Total Program Service Revenue | $265,610 |
| Investment income | $6,860 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $509 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $605,535 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,000 |
| Payroll taxes | $19,000 |
| Fees for services: Management | $255,113 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,695 |
| 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 | $9,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,220 |
| Travel | $7,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,500 |
| All other expenses | $28,571 |
| Total functional expenses | $564,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $641,881 |
| Savings and temporary cash investments | $31,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,258 |
| Prepaid expenses and deferred charges | $27,741 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $730,366 |
| Accounts payable and accrued expenses | $83,927 |
| Grants payable | $0 |
| Deferred revenue | $1,745 |
| 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 | $85,672 |
| Net assets without donor restrictions | $634,090 |
| Net assets with donor restrictions | $10,604 |
| 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 | $730,366 |