Montana Angus Association
- Assets
- $156.4k
- Revenue
- $213.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Lewistown, MT
- Founding
- 02/2019
- Data as of
- 09/2024
- EIN
- 81-6010710
Organization Overview
Montana Angus Association is located in Lewistown, MT. The organization was established in 2019. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montana Angus 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 09/2024, Montana Angus Association generated $213.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $168.4k during the year ending 09/2024. While expenses have increased by 14.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR ASSOCIATION STRIVES TO ADVANCE THE SUCCESS OF THE ANGUS BREED, BREEDERS, AND OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NILE ANGUS HEIFER FUTURITY. WITH THE AIM OF SUPPORTING BOTH THE NUMBER OF BIDDERS/BUYERS PARTICIPATING IN THE NILE ANGUS FEMALE SALE AND THE JUNIOR MEMBERS OF OUR BUSINESS, THE BOARD OF DIRECTORS ESTABLISHED A FUTURITY PROGRAM IN 2010. THE PROGRAM IS RESTRICTED TO HEIFERS PURCHASED THROUGH THE NILE ANGUS SELECT FEMALE SALE. JUNIORS (YOUTH UNDER 21) ARE INVITED TO PURCHASE A HEIFER IN THIS SALE AND BRING HER BACK THE FOLLOWING YEAR TO BE SHOWN TO THE ANGUS SALE/NILE STOCK SHOW AUDIENCE. THE RETURN OF THESE HEIFERS HELPS ILLUSTRATE THE QUALITY OF ANIMALS MADE AVALABLE THROUGH THE SALE. MONTANA ANGUS ASSOCIATION COORDINATES THE JUDGING OF THIS SHOW AND PROVIDES A CASH PRIZE TO SHOW WINNERS AND PARTICIPANTS.
GENERAL OPERATING EXPENSES FOR THE ASSOCIATION INCLUDE, BUT ARE NOT LIMITED TO MANAGEMENT FEE PAID TO THE EXECUTIVE ADMINISTRATOR, ACCOUNTING AND TAX PREPARATION, ADVERTISING.
NILE SELECT ANGUS FEMALE SALE IS A CONSIGNMENT SALE HOSTED BY THE ASSOCIATION AND HAS BEEN AN ANNUAL EVENT PUT ON BY THE ASSOCIATION SINCE THE EARLY DAYS OF THE NORTHERN INTERNATIONAL LIVESTOCK EXPOSITION (NILE) IN 1968. THE PURPOSE OF THE EVENT IS TO FEATURE, MARKET AND PROMOTE THE VERY BEST ANGUS FEMALES BORN AND BRED IN MONTANA. MEMBERS IN GOOD STANDING ARE INVITED TO NOMINATE THEIR ELITE STOCK TO THE SALE. NOMINATIONS ARE REVIWED BY A BOARD APPOINTED SELECTION COMMITTEE. MONTANA ANGUS ASSOCIATION HAS DEVELOPED RULES AND GUIDELINES FOR THE SALE AS NEEDED A THEY ARE REVIEWED ON AN ONGOING BASIS. MONTANA ANGUS ASSOCIATION CONTRACTS WITH A SALES MANAGEMENT FIRM TO CONDUCT THE BUSINESS OF THE SALE BUT ASSUMES THE COST OF HOSTING AND CONDUCTING THE SALE. MEMBER CONSIGNORS ARE FORWARDED THE PROCEEDS OF THEIR SALE ANIMALS LESS THE AGREED FEES AND COMISSIONS PAID TO MANAGMENT.
NATIONAL AMERICAN ANGUS ASSOCIATION CONVENTION IS AN ANNUAL EVENT HELD AROUND THE UNITED STATES. MEMBERS ARE ABLE TO ATTEND THE CONVENTION TO LEARN THE LATEST UPDATES TO THE ASSOCIATION, DISCUSS CONCERNS IN THE BREED AND EDUCATE THEMSELVES ON THE LATEST PRODUCTS AVAILABLE IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Barragree Director | Trustee | $0 | |
John Carrel Director | Trustee | $0 | |
Kim Skinner Director | Trustee | $0 | |
Casey Solomon Director | Trustee | $0 | |
Kurt Swanson Director | Trustee | $0 | |
Russell Thiessen 2nd Vice Pre | Trustee | $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 | $14,344 |
| Investment income | $1,076 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,619 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $212,989 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,965 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $968 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,027 |
| Advertising and promotion | $18,007 |
| Office expenses | $2,999 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,075 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $451 |
| All other expenses | $4 |
| Total functional expenses | $168,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,991 |
| Savings and temporary cash investments | $51,412 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $156,403 |
| 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 | $546 |
| Total liabilities | $546 |
| Net assets without donor restrictions | $155,857 |
| 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 | $156,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Dakota Producers Council Sioux Falls, SD | $1,538,041 | $1,102,290 |
South Dakota Cattlemens Foundation De Smet, SD | $0 | $1,262,056 |
South Dakota Cattlemens Association Pierre, SD | $68,115 | $305,409 |
Idaho Dairy Herd Improvement Association Twin Falls, ID | $294,174 | $161,241 |
Wyoming All Breeds Racing Association - 2 Inc Lander, WY | $118,022 | $0 |
American Lowline Registry Big Horn, WY | $233,860 | $200,132 |
Montana Angus Association Lewistown, MT | $156,403 | $212,989 |
Dubois Rodeo Association Crowheart, WY | $26,097 | $0 |
Kootenai Classic Livestock Show Hayden, ID | $16,593 | $119,718 |
Meridian Dairy & Stock Shows Inc Meridian, ID | $443,400 | $137,913 |
Rancher Ditch Co Hysham, MT | $198,398 | $0 |
South Dakota Cattle Women Inc Gann Valley, SD | $373,991 | $0 |
Montana Cattlewomen Inc Helena, MT | $59,733 | $0 |
Spring Creek Grazing Association Recluse, WY | $23,686 | $0 |
Wyoming Cattlewomen Inc Torrington, WY | $198,026 | $0 |
Big Sky Draft Horse Expo Inc Deer Lodge, MT | $0 | $0 |