Association Of American Feed Control Officials Inc
- Assets
- $2.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 01/1965
- Data as of
- 06/2023
- EIN
- 55-6020312
Organization Overview
Association Of American Feed Control Officials Inc is located in Champaign, IL. The organization was established in 1965. 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. Association Of American Feed Control Officials 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, Association Of American Feed Control Officials Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 4.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A MECHANISM FOR DEVELOPING AND IMPLEMENTING UNIFORM AND EQUITABLE LAWS, REGULATIONS, STANDARDS, DEFINITIONS, AND ENFORCEMENT POLICIES FOR REGULATING THE MANUFACTURE, LABELING, DISTRIBUTION AND SALE OF ANIMAL FEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND MEETINGS: TO FULFILL THE ORGANIZATION'S PURPOSES OF REVIEWING AND ESTABLISHING FEED CONTROL STANDARDS, THE ORGANIZATION SPONSORS AND PARTICIPATES IN NUMEROUS MEETINGS THROUGHOUT THE UNITED STATES TO COLLECT INFORMATION, ASSIMILATE IT, AND COMMUNICATE IT TO REGULATORY AGENCIES, PRODUCERS, AND CONSUMERS IN THE FEED INDUSTRY.
PUBLICATIONS: PUBLICATIONS ARE PRODUCED BY THE ASSOCIATION AS AUTHORITATIVE LITERATURE FOR FEED REGULATORY COMPLIANCE, RESOURCE MATERIALS FOR FEED INSPECTION, AND GUIDANCE FOR FEED LABORATORY QUALITY ASSURANCE AND QUALITY CONTROL SYSTEMS.
PROFICIENCY TESTING PROGRAM: A PROGRAM THAT PROVIDES ANALYTICAL DATA TO REGULATORY AGENCIES TO UPDATE STANDARDS OF FEED PRODUCT QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashlee-Rose Ferguson Secretary/treasurer | OfficerTrustee | 2 | $0 |
Austin Therrell Executive Director | OfficerTrustee | 40 | $0 |
Bailey Whiten Director | Trustee | 2 | $0 |
Dan King Director | Trustee | 2 | $0 |
Darrell Johnson Director | Trustee | 2 | $0 |
Eric Brady President | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fass Inc Management Company | 6/29/22 | $221,543 |
Mgt Company Management Company | 6/29/22 | $143,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,415 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,787 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,202 |
| Total Program Service Revenue | $1,288,395 |
| Investment income | $49,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35,084 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,620,493 |
| 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. | $120,479 |
| 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 | $127,436 |
| Fees for services: Legal | $33,989 |
| Fees for services: Accounting | $43,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,293 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,506 |
| Office expenses | $3,396 |
| Information technology | $9,662 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $84,914 |
| 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 | $17,130 |
| Insurance | $3,470 |
| All other expenses | $132,101 |
| Total functional expenses | $1,481,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $415,792 |
| Savings and temporary cash investments | $500,275 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,262 |
| Prepaid expenses and deferred charges | $19,367 |
| Net Land, buildings, and equipment | $927 |
| Investments—publicly traded securities | $1,747,540 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $78,968 |
| Other assets | $385 |
| Total assets | $2,858,204 |
| Accounts payable and accrued expenses | $115,655 |
| Grants payable | $0 |
| Deferred revenue | $396,588 |
| 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 | $7,356 |
| Total liabilities | $519,599 |
| Net assets without donor restrictions | $2,338,605 |
| 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 | $2,858,204 |