National Sheep Improvement Program Inc
- Assets
- $120.1k
- Revenue
- $226.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Englewood, CO
- Founding
- 02/1988
- Data as of
- 09/2022
- EIN
- 74-2477116
Organization Overview
National Sheep Improvement Program Inc is located in Englewood, CO. The organization was established in 1988. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, 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. National Sheep Improvement Program 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 09/2022, National Sheep Improvement Program Inc generated $226.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $196.8k during the year ending 09/2022. While expenses have increased by 6.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PREDICTABLE, ECONOMICALLY IMPORTANT GENETIC EVALUATION INFORMATION TO THE AMERICAN SHEEP INDUSTRY BY CONVERTING PERFORMANCE RECORDS INTO RELEVANT DECISION-MAKING TOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BY USING BREEDING STOCK WITH GENETIC PREDICTABILITY, ALL TYPES OF FLOCKS HAVE A FOUNDATION OF GENETIC INFORMATION UPON WHICH TO BUILD A SUPERIOR AND MORE CONSISTENT PRODUCT TO THEIR CUSTOMERS, WHETHER THIS BE A FEEDER, PACKER OR CONSUMER. THIS GENETIC PREDICTABILITY IS ACHIEVABLE THROUGH NSIPS ESTIMATED BREEDING VALUES (EBVS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Burgett Executive Di | Officer | 40 | $54,000 |
Cody Hiemke 1st Vice Cha | OfficerTrustee | 1 | $0 |
Bill Shultz Treasurer | OfficerTrustee | 1 | $0 |
Brenda Reau Chair | OfficerTrustee | 1 | $0 |
Andrew Weaver 2nd Vice Cha | OfficerTrustee | 1 | $0 |
Lisa Weeks Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,100 |
| Total Program Service Revenue | $212,641 |
| Investment income | $0 |
| 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 | $226,741 |
| 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. | $55,215 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,050 |
| Advertising and promotion | $0 |
| Office expenses | $20 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $840 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,232 |
| All other expenses | $401 |
| Total functional expenses | $196,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,257 |
| 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 | $120,083 |
| Accounts payable and accrued expenses | $35,443 |
| 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 | $35,443 |
| Net assets without donor restrictions | $84,640 |
| 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 | $120,083 |
Peer Organizations
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|---|---|---|
Hall County Livestock Improvement Assn Inc Grand Island, NE | $7,356,944 | $18,700,644 |
Colorado State University Research Foundation Fort Collins, CO | $76,363,616 | $17,101,425 |
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 |
Arizona National Livestock Show Inc Phoenix, AZ | $1,001,991 | $1,594,039 |
Colorado Cattlemens Association Arvada, CO | $3,242,404 | $2,014,038 |
Us Roundtable For Sustainable Beef Inc Centennial, CO | $493,946 | $884,885 |
Global Roundtable For Sustainable Beef Colorado Springs, CO | $422,575 | $590,262 |
Ottawa Craig Counties Cattlemens Association Incorporated Welch, OK | $26,489 | $646,288 |
Colorado Cattle Feeders Association Greeley, CO | $3,835,241 | $966,628 |