Green River Area Beef Improvement Group Inc
- Assets
- $30.6k
- Revenue
- $332.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Owensboro, KY
- Founding
- 05/2003
- Data as of
- 06/2024
- EIN
- 61-1393986
Organization Overview
Green River Area Beef Improvement Group Inc is located in Owensboro, KY. The organization was established in 2003. According to its NTEE Classification (D99) the organization is classified as: Animal-Related N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green River Area Beef Improvement Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Green River Area Beef Improvement Group Inc generated $332.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $332.3k during the year ending 06/2024. While expenses have increased by 0.2% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROCURE AND DISTRIBUTE FUNDS RECEIVED FROM THE KENTUCKY AGRICULTURAL DEVELOPMENT BOARD TO ENHANCE THE ECONOMIC VIABILITY OF BEEF PRODUCERS IN THE GREEN RIVER AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROCURES AND DISTRIBUTES FUNDS RECEIVED FROM THE KENTUCKY AGRICULTURAL DEVELOPMENT BOARD IN CONNECTION WITH THE COUNTY AGRICULTURAL INCENTIVE PROGRAM. THE PROGRAM OFFERS ELEVEN INVESTMENT AREAS THAT PROVIDE KENTUCKY AGRICULTURAL PRODUCERS COST-SHARE ASSISTANCE ON PRACTICES THAT INCREASE NET FARM INCOME AND OPPORTUNITIES TO TRY NEW/INNOVATIVE TECHNOLOGIES OR SYSTEMS THAT IMPROVE FARM EFFICIENCY AND PRODUCTIVITY.
THE ORGANIZATION PROCURES AND DISTRIBUTES FUNDS RECEIVED FROM THE KENTUCKY AGRICULTURAL DEVELOPMENT BOARD IN CONNECTION WITH THE YOUTH AGRICULTURAL INCENTIVE PROGRAM TO ENCOURAGE YOUTH TO ENGAGE IN AND EXPLORE AGRICULTURAL OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce D Eblen President | OfficerTrustee | 1 | $0 |
Mike Mullican Vice President | OfficerTrustee | 1 | $0 |
Dennis Wilson Treasurer | OfficerTrustee | 1 | $0 |
Tom Howard Director | Trustee | 1 | $0 |
Danny Richardson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $332,315 |
| 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 | $332,315 |
| Total Program Service Revenue | $0 |
| Investment income | $372 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $319,859 |
| 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 | $990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,694 |
| Advertising and promotion | $488 |
| Office expenses | $3,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,180 |
| Total functional expenses | $332,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,625 |
| Savings and temporary cash investments | $15,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $30,625 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $30,625 |
| 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 | $30,625 |