Belted Galloway Society Incorporated is located in Solon, IA. The organization was established in 1991. 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. Belted Galloway Society Incorporated is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, Belted Galloway Society Incorporated generated $138.3k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $162.6k during the year ending 12/2023. 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
PROMOTE THE BELTED GALLOWAY BREED OF CATTLE.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Lohmann Council | 1 | $0 | |
Terry Etheridge Treasurer | 2 | $0 | |
Tommy Fey Council | 1 | $0 | |
Dana Jacobson Council | 1 | $0 | |
Victoria Voisine Vice President | 2 | $0 | |
Jack Bagley Council | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $79,803 |
| Membership dues | $55,740 |
| Investment income | $2,747 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,290 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $51,400 |
| Professional fees and other payments to independent contractors | $45,535 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $18,893 |
| Other expenses | $46,809 |
| Total expenses | $162,637 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,857 |
| Other assets | $0 |
| Total assets | $105,857 |
| Total liabilities | $0 |
| Net assets or fund balances | $105,857 |