Kentucky Cattlemens Assoc
- Assets
- $5.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Lexington, KY
- Founding
- 11/1989
- Data as of
- 09/2022
- EIN
- 23-7330593
Organization Overview
Kentucky Cattlemens Assoc is located in Lexington, KY. The organization was established in 1989. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 09/2022, Kentucky Cattlemens Assoc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kentucky Cattlemens Assoc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 09/2022, Kentucky Cattlemens Assoc generated $4.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $3.6m during the year ending 09/2022. While expenses have increased by 0.6% 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
PROMOTION OF THE BEEF INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHECKOFF PROGRAM- PROMOTION OF THE BEEF INDUSTRY IN KENTUCKY THROUGH RESEARCH, EDUCATION, ADVERTISING, AND INDUSTRY INFORMATION SERVICES.
KENTUCKY BEEF NETWORK COORDINATES EFFORTS OF THE STATE'S BEEF PRODUCERS THROUGH EDUCATION, MARKETING, AND DEVELOPMENT OF VALUE-ADDED INITIATIVES THAT HAVE INCREASED THE NET INCOME OF THE BEEF PRODUCERS.
INFORMATION SERVICES- KEEP THE PUBLIC AND BEEF PRODUCERS INFORMED ABOUT MATTERS RELATED TO THE BEEF INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Maples Executive Director | Officer | 40 | $126,989 |
Cary King President | Trustee | 2 | $0 |
Daniel Hayden Assoc Program Chair | Trustee | 2 | $0 |
Adam Chunglo Region 5 Vice President | Trustee | 2 | $0 |
Adam Maulden Region 2 Vice President | Trustee | 2 | $0 |
Dr James Matthews University Of Kentucky Rep | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $675,037 |
| All other contributions, gifts, grants, and similar amounts not included above | $510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $675,547 |
| Total Program Service Revenue | $2,856,150 |
| Investment income | $28,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,844 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $310,862 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,976,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $321,162 |
| 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. | $140,404 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $726,612 |
| Pension plan accruals and contributions | $25,682 |
| Other employee benefits | $64,902 |
| Payroll taxes | $60,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $81,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,346 |
| Advertising and promotion | $686,096 |
| Office expenses | $165,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,434 |
| Travel | $91,612 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $697 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,790 |
| Insurance | $45,096 |
| All other expenses | $466,242 |
| Total functional expenses | $3,599,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $483,093 |
| Savings and temporary cash investments | $3,624,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $95,522 |
| Prepaid expenses and deferred charges | $53,221 |
| Net Land, buildings, and equipment | $132,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,937 |
| Total assets | $5,021,486 |
| Accounts payable and accrued expenses | $338,230 |
| Grants payable | $0 |
| Deferred revenue | $278,539 |
| 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 | $6,071 |
| Total liabilities | $622,840 |
| Net assets without donor restrictions | $4,398,646 |
| 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 | $5,021,486 |
Grants Awarded
Over the last fiscal year, Kentucky Cattlemens Assoc has awarded $320,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lexington, KY PURPOSE: PROGRAM SUPPORT | $195,900 |
Bedford, PA PURPOSE: PROGRAM SUPPORT | $65,000 |
Denver, CO PURPOSE: PROGRAM SUPPORT | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Midwest Oper Engineers Construction Industry Research & Serv Tr Fund Countryside, IL | $12,085,029 | $17,769,884 |
Illinois Soybean Board Bloomington, IL | $24,441,630 | $21,800,549 |
Food Export Association Of The Midwest Usa Chicago, IL | $3,109,779 | $15,548,836 |
Illinois Corn Marketing Board Bloomington, IL | $11,624,886 | $11,889,515 |
Ohio Farm Bureau Federation Inc Columbus, OH | $50,357,469 | $22,080,243 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Illinois Farm Business Farm Management Association Urbana, IL | $13,036,050 | $15,163,165 |
Indiana Farm Bureau Indianapolis, IN | $22,690,251 | $11,074,675 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Ohio Soybean Council Worthington, OH | $9,472,196 | $9,336,413 |