Oklahoma Cattlemens Association Inc
- Assets
- $1.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Oklahoma City, OK
- Founding
- 11/1954
- Data as of
- 12/2021
- EIN
- 73-0608465
Organization Overview
Oklahoma Cattlemens Association Inc is located in Oklahoma City, OK. The organization was established in 1954. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Oklahoma Cattlemens Association Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Cattlemens Association 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 12/2021, Oklahoma Cattlemens Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.0% 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
THE ORGANIZATION'S PRIMARY PURPOSE IS TO REPRESENT THE INTERESTS OF THE CATTLEMEN OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"OKLAHOMA COWMAN" MAGAZINE PROVIDES MEMBERS THE LATEST INFORMATION REGARDING THE CATTLE INDUSTRY. THIS REVENUE IS CONSIDERED UNRELATED BUSINESS ACTIVITY AND REQUIRES THE FILING OF 990-T ANNUALLY
ANNUAL CONVENTIONS PROVIDE MEMBERS THE LATEST INFORMATION REGARDING THE CATTLE INDUSTRY.
THE BRAND REGISTATION PROGRAM IS DESIGNED TO PROTECT MEMBER RANCHERS' ASSETS.
OTHER ACTIVITIES TO PROMOTE THE CATTLE INDUSTRY AND ASSOCIATION. THIS INCLUDES A WHOLLY OWNED SUBSIDIARY PRAIRIE BEEF SOLUTIONS LLC (PBS) AN ORGANIZATION FORMED TO PROVIDE THE MEMBERSHIP A MORE DIRECT MEANS OF REACHING THE MARKET WITH THEIR PROCESSED BEEF THROUGH THE DISTRIBUTION CHANNELS PBS HAS ESTABLISHED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Byron Yeoman President | Officer | 1 | $0 |
Michael Kelsey Exec Vice Pr | Officer | 40 | $0 |
Mike Weeks Past Preside | Officer | 1 | $0 |
Mike Frey President's | Officer | 1 | $0 |
Rodney Timm Nc Vice Pres | Officer | 1 | $0 |
Charlie Swanson President's | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $370,033 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| 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 | $390,033 |
| Total Program Service Revenue | $1,119,659 |
| Investment income | $24,329 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $109,082 |
| Net Income from Fundraising Events | $26,254 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,815,588 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,006 |
| Pension plan accruals and contributions | $13,752 |
| Other employee benefits | $62,554 |
| Payroll taxes | $21,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,355 |
| Fees for services: Accounting | $5,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,115 |
| Advertising and promotion | $0 |
| Office expenses | $39,336 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,749 |
| Travel | $22,805 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,342 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,961 |
| Insurance | $11,072 |
| All other expenses | $534,612 |
| Total functional expenses | $1,847,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,260 |
| Savings and temporary cash investments | $26,103 |
| 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 | $71,726 |
| Investments—publicly traded securities | $1,438,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $17,984 |
| Other assets | $0 |
| Total assets | $1,815,271 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $287,223 |
| 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 | $287,223 |
| Net assets without donor restrictions | $541,298 |
| Net assets with donor restrictions | $986,750 |
| 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 | $1,815,271 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oklahoma Cattlemens Association Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Wegener Foundation Inc Oklahoma City, OK PURPOSE: ASSISTANCE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Research Foundation Fort Collins, CO | $76,363,616 | $17,101,425 |
Texas & Southwestern Cattle Raisers Association Fort Worth, TX | $17,279,002 | $9,900,679 |
National Reining Horse Association Oklahoma City, OK | $11,899,947 | $11,137,373 |
National Livestock Credit Corporation Oklahoma City, OK | $150,624,686 | $7,595,565 |
Cattle Marketing Information Service Inc Centennial, CO | $10,232,189 | $5,839,323 |
Oklahoma Cattlemens Association Inc Oklahoma City, OK | $1,815,271 | $1,815,588 |
Ranching Heritage Association Lubbock, TX | $3,709,330 | $1,901,466 |
Texas Dairy Herd Improvement Assn Canyon, TX | $291,447 | $1,634,168 |
Bob L Herd Foundation Tyler, TX | $31,980,436 | $2,127,283 |
Pasadena Livestock Show & Rodeo Association Inc Pasadena, TX | $639,099 | $1,663,574 |
Missouri Cattlemens Association Columbia, MO | $888,899 | $1,504,434 |
American Brahman Breeders Assn Bryan, TX | $2,272,535 | $1,609,526 |