Ark-La-Tex Agricultural Council
- Assets
- $289.1k
- Revenue
- $514.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mansfield, LA
- Founding
- 05/1971
- Data as of
- 12/2021
- EIN
- 72-6051008
Organization Overview
Ark-La-Tex Agricultural Council is located in Mansfield, LA. The organization was established in 1971. 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. Ark-La-Tex Agricultural Council 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, Ark-La-Tex Agricultural Council generated $514.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $502.1k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE AGRICULTURE PRODUCTION BY EDUCATING YOUTH AND SPONSORING EXHIBITIONS OF LIVESTOCK AND FARM PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES AN EDUCATIONAL VENUE TO INSTRUCT YOUTH INTERESTED IN LIVESTOCK AND INVOLVED WITH RAISING MARKET ANIMALS. THE PROCESS CULMINATES IN AN AUCTION OF THE SUPERIOR PROJECTS IN ORDER FOR THE YOUTH TO RECEIVE RECOGNITION FOR THEIR ACCOMPLISHMENTS AND FUND FUTURE PROJECTS. SERVED SEVERAL THOUSAND YOUTH IN LOUISIANA WITH STEER, SHEEP, CHICKEN, GOAT, SWINE, AND AGRICULTURE MECHANIC PROJECTS.
PROVIDES COLLEGE SCHOLARSHIPS TO AREA YOUTH INTERESTED IN AGRICULTURE AND RELATED AGRICULTURE AND LIFE SCIENCE MAJORS. THIS REPRESENTS ELEVEN 4-YEAR RENEWABLE SCHOLARSHIPS AND 5 ONE-TIME GRANTS.
EDUCATES THE PUBLIC AND STATE YOUTH ABOUT THE IMPORTANCE OF AGRICULTURE, THE PRODUCTS, JOBS, AND IMPORTANCE TO HUMANITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Stough Executive Di | OfficerTrustee | 15 | $13,750 |
David Ogeltree Chairman | OfficerTrustee | 5 | $0 |
Reggie Cook Director | OfficerTrustee | 2 | $0 |
Deborah D Dees Director/acc | Trustee | 7 | $0 |
Kenneth Martin Director | Trustee | 2 | $0 |
Sandra Brumley Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,200 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,280 |
| Noncash contributions included in lines 1a–1f | $15,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,480 |
| Total Program Service Revenue | $471,116 |
| Investment income | $120 |
| 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 | $514,716 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,400 |
| Grants and other assistance to domestic individuals. | $441,035 |
| 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 | $13,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,289 |
| Information technology | $147 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,685 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207 |
| Insurance | $2,113 |
| All other expenses | $0 |
| Total functional expenses | $502,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,284 |
| Savings and temporary cash investments | $194,866 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,742 |
| 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 | $233 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,125 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| 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 | $400 |
| Net assets without donor restrictions | $162,541 |
| Net assets with donor restrictions | $126,184 |
| 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 | $289,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Farm Bureau Waco, TX | $1,072,770,797 | $25,839,501 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
Farm Bureau Federation Mississippi Jackson, MS | $25,935,364 | $15,464,290 |
Textile Exchange Lamesa, TX | $12,297,668 | $16,219,596 |
National Reined Cow Horse Association Pilot Point, TX | $5,326,422 | $10,193,097 |
Southern United States Trade Association Susta New Orleans, LA | $3,093,143 | $7,251,421 |
Louisiana Farm Bureau Federation Inc Baton Rouge, LA | $75,119,133 | $8,594,309 |
Mclennan County Fair Inc Waco, TX | $8,076,032 | $10,500,101 |
Agricultural Development Fund Fort Worth, TX | $1,257,000 | $6,712,594 |
Louisiana Quarter Horse Breeders Association Alexandria, LA | $10,986,998 | $7,601,612 |
National Finance Credit Corp Of Tx Fort Worth, TX | $196,184,500 | $9,101,860 |
Texas Quarter Horse Association Elgin, TX | $5,419,371 | $4,846,350 |