American Berkshire Association is located in West Lafayette, IN. The organization was established in 1941. 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 12/2020, American Berkshire Association employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Berkshire 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 12/2020, American Berkshire Association generated $648.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $599.2k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT, CONTINUE, AND PRESERVE THE PEDIGREE OF THE BREED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Pete Brummer President | OfficerTrustee | 5 | $0 |
Richard Mccasland Finance Chai | OfficerTrustee | 5 | $0 |
Matt Ritter Vice Preside | OfficerTrustee | 5 | $0 |
Allen K Conover Director | Trustee | 5 | $0 |
Lance Knobloch Director | Trustee | 5 | $0 |
Jim Petrik Director | Trustee | 5 | $0 |
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 | $629,851 |
Investment income | $10,714 |
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 | -$1,039 |
Miscellaneous Revenue | $0 |
Total Revenue | $648,534 |
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 | $82,550 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $8,500 |
Payroll taxes | $6,502 |
Fees for services: Management | $0 |
Fees for services: Legal | $33,428 |
Fees for services: Accounting | $8,080 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $28,674 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,600 |
Travel | $5,140 |
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 | $883 |
Insurance | $11,012 |
All other expenses | $64,150 |
Total functional expenses | $599,228 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $167,831 |
Savings and temporary cash investments | $324,945 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $17,991 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $18,446 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,035 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,396 |
Other assets | $4,547 |
Total assets | $538,191 |
Accounts payable and accrued expenses | $145 |
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 | $145 |
Net assets without donor restrictions | $538,046 |
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 | $538,191 |
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