Agribusiness Association Of Kentucky Inc
- Assets
- $498.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Frankfort, KY
- Founding
- 04/1990
- Data as of
- 10/2023
- EIN
- 61-1178031
Organization Overview
Agribusiness Association Of Kentucky Inc is located in Frankfort, KY. The organization was established in 1990. 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. Agribusiness Association Of Kentucky 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 10/2023, Agribusiness Association Of Kentucky Inc generated $191.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $160.3k during the year ending 10/2023. While expenses have increased by 3.8% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ASSOCIATION MONITORS AND COORDINATES INPUT ON ISSUES AFFECTING AGRIBUSINESS THROUGHOUT THE COMMONWEALTH. THE ASSOCIATION PROVIDES OPPORTUNITIES FOR AGRIBUSINESS LEADERS, UNIVERSITY PERSONNEL AND REGULATORY OFFICIALS TO ADDRESS ISSUES IMPACTING THE FUTURE OF KENTUCKY AGRICULTURE THROUGH MEETINGS, COMMUNICATIONS, PUBLICATIONS, EDUCATION OF THE PUBLIC AND THE MEMBERS OF THE ASSOCIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Schedule Attached Board Member | 0.5 | $0 | |
Tod Griffin Executive Di | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $137,751 |
| Membership dues | $41,180 |
| Investment income | $12,281 |
| Gain or Loss | $213 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $191,425 |
| 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 | $6,800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $153,487 |
| Total expenses | $160,287 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $498,034 |
| Other assets | $0 |
| Total assets | $498,034 |
| Total liabilities | $0 |
| Net assets or fund balances | $498,034 |