Red Angus Association Of America Inc
- Assets
- $7.7m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Commerce City, CO
- Founding
- 05/1956
- Data as of
- 06/2024
- EIN
- 75-1059222
Organization Overview
Red Angus Association Of America Inc is located in Commerce City, CO. The organization was established in 1956. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 06/2024, Red Angus Association Of America Inc employed 33 individuals. This organization is the central organization for a national or regional group of organizations. Red Angus Association Of America 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 06/2024, Red Angus Association Of America Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $6.2m during the year ending 06/2024. While expenses have increased by 11.5% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
RED ANGUS ASSOCIATION OF AMERICA, INC. IS ORGANIZED TO PROVIDE MEMBERS AND THEIR CUSTOMERS WITH INNOVATIVE PROGRAMS AND SERVICES, TO CONTINUE ADVANCING THE QUALITY, RELIABILITY, AND VALUE OF THE RED ANGUS BREED OF LIVESTOCK WITH PROMOTION, MARKETING AND TO IMPROVE AND DEVELOP A HIGHER DEGREE OF RANCHING AND AGRICULTURAL PURSUITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERPETUATION OF THE RED ANGUS BREED OF CATTLE AS A USEFUL BREED-MAINTAIN THE UNIMPARIED PURITY OF THE BREED AND TO PROMOTE THE BREED
THE MAGAZINE-AMERICAN RED ANGUS INCLUDES ARTICLES THAT EXPLAIN GENETICS OF THE BREED-INCLUDES A COMPREHENSIVE RESOURCE GUIDE FOR THE MEMBERS AND INFORMS THE READERS OF CHANGES IN THE BREED THAT IS FOCUSED ON ECONOMIC VALUE, EFFICIENCY AND QUALITY.
JUNIOR PROGRAM PREPARES ALL JUNIOR RED ANGUS MEMBERS TO BE LEADERS, INNOVATORS. STEWARDS AND ADVOCATES FOR THE RED ANGUS BREED OF CATTLE INCLUDING THE BEEF INDUSTRY AND AGRICULTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyley Devoe President | Trustee | 5 | $0 |
George Murdock Area 1 Director | Trustee | 1 | $0 |
Kay Klompien Secretaty Area Ii Director | Trustee | 1 | $0 |
Aaron Kravig Area Iii Director | Trustee | 1 | $0 |
Stephanie Jung Area V Director | Trustee | 1 | $0 |
Jason Anderson Area Vi Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Neogen Corporation Dna Testing | 6/29/24 | $883,733 |
Modern Litho Magazine Publishing | 6/29/24 | $357,794 |
Doubletree Hotel Hotel For Convention | 6/29/24 | $178,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $344,783 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $314,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,890 |
| Total Program Service Revenue | $4,995,734 |
| Investment income | $231,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,697,920 |
| 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. | $277,337 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,517,880 |
| Pension plan accruals and contributions | $142,901 |
| Other employee benefits | $233,770 |
| Payroll taxes | $137,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $30,581 |
| Fees for services: Accounting | $15,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,807 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300,886 |
| Office expenses | $46,181 |
| Information technology | $46,755 |
| Royalties | $0 |
| Occupancy | $71,469 |
| Travel | $171,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $239,561 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,080 |
| Insurance | $19,748 |
| All other expenses | $1,161,917 |
| Total functional expenses | $6,196,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,675 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,795 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $57,596 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $153,574 |
| Net Land, buildings, and equipment | $817,064 |
| Investments—publicly traded securities | $6,162,797 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,000 |
| Other assets | $63,877 |
| Total assets | $7,740,378 |
| Accounts payable and accrued expenses | $364,887 |
| Grants payable | $0 |
| Deferred revenue | $222,933 |
| 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 | $231,547 |
| Total liabilities | $819,367 |
| Net assets without donor restrictions | $6,871,010 |
| Net assets with donor restrictions | $50,001 |
| 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 | $7,740,378 |