Montana Wool Growers Assn
- Assets
- $419.0k
- Revenue
- $524.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Helena, MT
- Founding
- 04/1941
- Data as of
- 03/2024
- EIN
- 81-0233695
Organization Overview
Montana Wool Growers Assn is located in Helena, MT. The organization was established in 1941. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 03/2024, Montana Wool Growers Assn employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Wool Growers Assn is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 03/2024, Montana Wool Growers Assn generated $524.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $278.3k during the year ending 03/2024. While expenses have increased by 13.7% per year over the past 4 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
PROVIDING MONTANA'S SHEEP AND WOOL PRODUCERS WITH COMMUNITY AND THE RESOURCES TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MONTANA RAM AND EWE SALES
ANNUAL MEMBERSHIP CONVENTION
PREDATOR CONTROL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Scott Vice President | OfficerTrustee | 5 | $0 |
Scott Blackman Director District 1 | Trustee | 0.5 | $0 |
John Sampsel Director District 2 | Trustee | 0.5 | $0 |
Ben Lehfeldt Director District 2 | Trustee | 0.5 | $0 |
Cord Bieber Director District 3 | Trustee | 0.5 | $0 |
Lane Green Director District 3 | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $48,781 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,934 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,715 |
| Total Program Service Revenue | $422,488 |
| Investment income | $4,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,059 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $524,331 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,244 |
| Grants and other assistance to domestic individuals. | $3,350 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $24,500 |
| 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 | $2,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,859 |
| Fees for services: Accounting | $1,940 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,662 |
| Information technology | $1,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $814 |
| Insurance | $466 |
| All other expenses | $11,324 |
| Total functional expenses | $278,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,813 |
| Savings and temporary cash investments | $246,661 |
| 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 | $8,550 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $419,018 |
| Accounts payable and accrued expenses | $0 |
| 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 | $2,932 |
| Total liabilities | $2,932 |
| Net assets without donor restrictions | $0 |
| 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 | $416,086 |
| Total liabilities and net assets/fund balances | $419,018 |