American Simmental Association
- Assets
- $20.1m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Bozeman, MT
- Founding
- 05/1970
- Data as of
- 06/2023
- 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 06/2023, American Simmental Association employed 49 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 06/2023, American Simmental Association generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 9.6% per year over the past 6 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
2023
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wade Schafer PHD CEO | Officer | 40 | $234,686 |
Linda Kesler CFO | Officer | 40 | $124,735 |
Loren Trauernicht Board Member | Trustee | 0 | $0 |
Chris Ivie Vice Chairman | OfficerTrustee | 0 | $0 |
Joseph Hensgens Board Member | Trustee | 0 | $0 |
Tim Clark 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 | $6,050,411 |
| Investment income | $367,255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,340 |
| 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 | $6,426,006 |
| 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. | $426,040 |
| Compensation of current officers, directors, key employees. | $266,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,574,717 |
| Pension plan accruals and contributions | $88,316 |
| Other employee benefits | $315,960 |
| Payroll taxes | $152,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,465 |
| Fees for services: Accounting | $33,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,971 |
| Advertising and promotion | $653,914 |
| Office expenses | $102,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $444,159 |
| 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 | $199,717 |
| Insurance | $57,216 |
| All other expenses | -$7,461 |
| Total functional expenses | $5,977,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,688,878 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $671,918 |
| 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 | $125,394 |
| Net Land, buildings, and equipment | $2,383,533 |
| Investments—publicly traded securities | $14,978,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,607 |
| Total assets | $20,097,218 |
| Accounts payable and accrued expenses | $805,694 |
| Grants payable | $0 |
| Deferred revenue | $348,034 |
| 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 | $66,928 |
| Total liabilities | $1,220,656 |
| Net assets without donor restrictions | $18,876,562 |
| 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 | $20,097,218 |