Panhandle Grain And Feed Association
- Assets
- $88.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 07/1940
- Data as of
- 04/2022
- EIN
- 75-0480525
Organization Overview
Panhandle Grain And Feed Association is located in Amarillo, TX. The organization was established in 1940. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle Grain And Feed Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 04/2022, Panhandle Grain And Feed Association generated $77.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $57.5k during the year ending 04/2022. While expenses have increased by 6.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WE STRIVE TO EDUCATE AND ENLIGHTEN OUR MEMBERS, AS WELL AS THE PUBLIC, IN ALL MATTERS PERTAINING TO THE GRAIN AND FEED BUSINESS; TO CREATE CONFIDENCE OF THE PUBLIC IN BUSINESS ETHICS PERTAINING TO THE GRAIN AND FEED BUSINESS, AND TO GENERALLY CONDUCT A MUTUAL NON-PROFIT ASSOCIATION PERTAINING TO THE GRAIN, FEED, OR GRAIN BUSINESS, WITH NO PART OF THE EARNINGS TO INURE TO THE BENEFIT OF ANY INDIVIDUAL MEMBER OR SHAREHOLDER AND WITH NO PART OF THE REVENUES TO BE PAID IN DIVIDENDS EXCEPT UPON A DISSOLUTION OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Hamilton Director | 2 | $0 | |
Ty Duncan Vice Preside | 2 | $0 | |
Greg Hermesmeyer Director | 2 | $0 | |
Ethan Black President | 2 | $0 | |
Peter Winegeart Director | 2 | $0 | |
Riley Fite Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,875 |
| Total Program Service Revenue | $24,890 |
| Membership dues | $2,775 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $212 |
| Total Revenue | $77,752 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $27,173 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,033 |
| Occupancy, rent, utilities, and maintenance | $138 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,623 |
| Total expenses | $57,467 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,452 |
| Other assets | $0 |
| Total assets | $88,452 |
| Total liabilities | $0 |
| Net assets or fund balances | $88,452 |
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