Big Sun Cattlemens Associations Inc
- Assets
- $101.8k
- Revenue
- $263.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Ocala, FL
- Founding
- 12/2003
- Data as of
- 09/2024
- EIN
- 20-0261888
Organization Overview
Big Sun Cattlemens Associations Inc is located in Ocala, FL. The organization was established in 2003. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, 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. Big Sun Cattlemens Associations 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 09/2024, Big Sun Cattlemens Associations Inc generated $263.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $254.6k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 9 years. 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
THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROMOTE THE BEEF CATTLE INDUSTRY IN MARION COUNTY, FLORIDA THROUGH MEETINGS AND EDUCATIONAL ACTIVITIES THROUGH ITS MEMBERS. THE ORGANIZATION IS INVOLVED IN THE BEEF CHECKOFF PROGRAM, BEEF SAFTEY AND BEEF QUALITY ASSURANCE PROGRAMS, GENETIC IMPROVEMENT OF BEEF CATTLE AND VARIOUS YOUTH ACTIVITIES AS THEY PERTAIN TO BEEF CATTLE. THE MAIN SERVICE PROGRAM OF THE ORGANIZATION IS AN ANNUAL BULL SALE HELD OCTOBER OF EACH YEAR, WHICH PROVIDES A "MARKET" FOR THOSE IN THE INDUSTRY TO BUY AND SELL BULLS FOR PRODUCTION OF THEIR CALF CROP. THE SALE HAS BEEN AN ONGING EVENT FOR OVER 60 YEARS AND REACHES MANY PRODUCERS WITHIN THE SOUTHEASTERN UNITED STATES. ADDITIONALLY, THE ORGANIZATION WORKS WITH THE STATE AND NATIONAL CATTLEMEN'S ASSOCIATIONS TO FURTHER THE PROMOTION OF THE BEEF INDUSTRY. (NOTE- EFFECTIVE OCTOBER 2014-THE ANNUAL BULL SALE MOVED TO OCTOBER).
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL BULL SALE HELD OCTOBER OF EACH YEAR IN OCALA, FLORIDA. THE VENUE PROVIDES A MARKET FOR BULLS IN THE SOUTHEAST UNITED STATES TO BE BOUGHT AND SOLD. THIS EVENT HAS BEEN ONGOING FOR OVER 50 YEARS. (NOTE-EFFECTIVE OCTOBER 2014, THE ANNUAL SALE MOVED TO OCTOBER.)
ANNUAL BULL SALE HELD OCTOBER OF EACH YEAR IN OCALA, FLORIDA. THE VENUE PROVIDES A MARKET FOR BULLS IN THE SOUTHEAST UNITED STATES TO BE BOUGHT AND SOLD. THIS EVENT HAS BEEN ONGOING FOR OVER 60 YEARS. (NOTE-THE SALE MOVED TO OCTOBER, EFFECTIVE OCTOBER 2014).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Baldwin Treasurer | Officer | 1 | $0 |
Caitlin Justesen Secretary | Officer | 1 | $0 |
Ray Smitherman President | Officer | 1 | $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 | $261,626 |
| Investment income | $2,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $263,802 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,420 |
| Advertising and promotion | $5,071 |
| Office expenses | $907 |
| Information technology | $814 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $878 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $254,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,797 |
| Savings and temporary cash investments | $66,705 |
| 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 | $24,338 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $101,840 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $101,840 |
| Total liabilities and net assets/fund balances | $101,840 |