American Simmental Association
- Assets
- $18.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 44
- Location
- Bozeman, MT
- Founding
- 05/1970
- Data as of
- 06/2022
- EIN
- 81-0422884
Organization Overview
American Simmental Association is located in Bozeman, MT. The organization was established in 1970. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, American Simmental Association employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Simmental Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, American Simmental Association generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 7.5% 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 PROMOTE AND REGISTER THE SIMMENTAL AND SIMBRAH BREED OF CATTLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIMMENTAL AND SIMBRAH REGISTRATIONS, TRANSFERS, CALCULATIONS, & OTHER PROGRAMS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Schafer PHD CEO | Officer | 40 | $210,343 |
Linda Kesler CFO | Officer | 40 | $107,723 |
Steve Eichacker Treasurer | OfficerTrustee | 0 | $0 |
Barry Wesner Chairman | OfficerTrustee | 0 | $0 |
Doug Parke Vice Chair | OfficerTrustee | 0 | $0 |
Loren Trauernicht Board Member | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,980,258 |
| Investment income | $587,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,326 |
| 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 | $6,575,498 |
| 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. | $411,260 |
| Compensation of current officers, directors, key employees. | $258,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,323,197 |
| Pension plan accruals and contributions | $60,418 |
| Other employee benefits | $293,918 |
| Payroll taxes | $131,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,382 |
| Fees for services: Accounting | $27,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,573 |
| Advertising and promotion | $676,419 |
| Office expenses | $100,767 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $628,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,672 |
| Insurance | $55,997 |
| All other expenses | -$7,050 |
| Total functional expenses | $5,714,029 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,141,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $663,573 |
| 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 | $120,954 |
| Net Land, buildings, and equipment | $2,520,459 |
| Investments—publicly traded securities | $13,000,115 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $284,100 |
| Total assets | $18,730,338 |
| Accounts payable and accrued expenses | $762,762 |
| Grants payable | $0 |
| Deferred revenue | $186,549 |
| 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 | $114,764 |
| Total liabilities | $1,064,075 |
| Net assets without donor restrictions | $17,666,263 |
| 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 | $18,730,338 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that American Simmental Association has recieved totaling $15,469.
| Awarding Organization | Amount |
|---|---|
U S Livestock Genetics Export Inc Mount Horeb, WI PURPOSE: MARKET DEVELOPMENT | $15,469 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Sioux Falls Chamber Of Commerce Sioux Falls, SD | $10,050,793 | $7,933,347 |
American Simmental Association Bozeman, MT | $18,730,338 | $6,575,498 |
Wyoming Chambers Health Benefit Association Gillette, WY | $3,153,493 | $5,111,173 |
Lignite Energy Council Bismarck, ND | $4,866,875 | $4,452,905 |
National Association Of Tower Erectors Watertown, SD | $8,490,002 | $4,294,406 |
Cheyenne Leads Cheyenne, WY | $28,201,578 | $5,161,104 |
The Chamber Fargo Moorhead West Fargo Fargo, ND | $4,165,478 | $3,579,587 |
North Dakota Petroleum Council Inc Bismarck, ND | $7,053,440 | $4,010,483 |
Visit Rapid City Rapid City, SD | $2,991,953 | $3,408,774 |
Billings Chamber Of Commerce Billings, MT | $1,283,550 | $2,461,660 |
Sun Valley Marketing Alliance Inc Ketchum, ID | $1,577,529 | $2,909,558 |
Minot Chamber Of Commerce Minot, ND | $9,669,464 | $3,024,271 |