Virginia Angus Association Inc
- Assets
- $488.3k
- Revenue
- $51.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Staunton, VA
- Founding
- 10/1950
- Data as of
- 12/2021
- EIN
- 54-0497378
Organization Overview
Virginia Angus Association Inc is located in Staunton, VA. The organization was established in 1950. 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. Virginia Angus Association 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 12/2021, Virginia Angus Association Inc generated $51.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $50.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ANGUS BREED OF CATTLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREEDER'S SHOW AND FIELD DAY
VJAA SPONSORSHIPS AND SCHOLARSHIPS VJAA PROMOTION OF ANGUS BREED
DUES AND MEMBERSHIPS FOR PARTICIPATION IN REGIONAL AND NATIONAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Buddy Shelton President-Elect | OfficerTrustee | 1 | $0 |
Paige Pratt Past President | Officer | 1 | $0 |
Matthew Manbeck President | Officer | 3 | $0 |
Larry Shaver Treasurer | Officer | 1 | $0 |
Peter Henderson Director | Trustee | 1 | $0 |
John Alexander Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,102 |
| Fundraising events | $9,399 |
| 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 | $21,501 |
| Total Program Service Revenue | $20,629 |
| Investment income | -$2,708 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $12,066 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $3,500 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,000 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,469 |
| Office expenses | $446 |
| Information technology | $304 |
| Royalties | $0 |
| Occupancy | $2,280 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,750 |
| All other expenses | $0 |
| Total functional expenses | $50,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,934 |
| Savings and temporary cash investments | $382,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,305 |
| 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 | $2,224 |
| 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 | $488,328 |
| Accounts payable and accrued expenses | $865 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $865 |
| Net assets without donor restrictions | $264,503 |
| Net assets with donor restrictions | $222,960 |
| 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 | $488,328 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Virginia Angus Association Inc has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Farm Credit Foundation For Agricultural Advancement Westminster, MD PURPOSE: AGRICULTURAL EDUCATION | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Painters And Allied Trades Labor Management Cooperation Fund Hanover, MD | $16,040,317 | $4,577,967 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
National Council Of Farmer Cooperatives Washington, DC | $7,136,808 | $5,507,889 |
United Food And Commercial Workers International Union Gaithersburg, MD | $2,738,530 | $4,012,146 |
United Food And Commercial Workers International Union Hermitage, TN | $1,044,868 | $3,906,250 |
Kentucky Cattlemens Assoc Lexington, KY | $5,021,486 | $3,976,344 |
National Association Of Agricultural Educators Inc Lexington, KY | $3,546,199 | $2,802,357 |
National Neca-Ibew Labor-Management Cooperatin Committee Trust Fund Washington, DC | $1,074,580 | $3,238,395 |
Montgomery County Agricultural Center Inc Gaithersburg, MD | $13,260,435 | $4,649,730 |