Michigan Youth Livestock Scholarship Fund
- Assets
- $962.2k
- Revenue
- $404.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lansing, MI
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 38-3521761
Organization Overview
Michigan Youth Livestock Scholarship Fund is located in Lansing, MI. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michigan Youth Livestock Scholarship Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Michigan Youth Livestock Scholarship Fund generated $404.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $283.4k during the year ending 12/2023. While expenses have increased by 27.0% per year over the past 9 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
MYSLF IS ORGANIZED FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING THE DISTRIBUTION OF SCHOLARSHIPS AND EDUCATIONAL AWARDS TO YOUTH WHO EXHIBIT LIVESTOCK OR FARM PRODUCTS AT THE MICHIGAN STATE FAIR, THE MICHIGAN LIVESTOCK EXPO,OR OTHER STATE AND COUNTY FAIRS IN MI
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICHIGAN YOUTH LIVESTOCK FOUNDATION PROVIDES AUCTION SERVICES FOR YOUTH WHO EXHIBIT LIVESTOCK AT FAIRS THROUGHOUT MICHIGAN. THE FOUNDATION ALLOWS HOSTS A DAIRY EXPO TO HIGHLIGHT YOUTH INVOLVEMENT IN RAISING LIVESTOCK IN THE DIARY INDUSTRY.
SCHOLARSHIPS ARE AWARDED TO YOUTH LIVESTOCK EXHIBITORS WHO ARE OR WILL BE ATTENDING AN INSTITUTION OF HIGHER EDUCATION -STUDENTS WERE AWARDED SCHOLARSHIPS TOTALING 45,000 AND 2,000 WAS AWARDED IN LIVESTOCK JUDGING SUPPORT.
MICHIGAN EDUCATION SAVINGS AWARDS ARE PRESENTED TO YOUTH EXHIBITORS WHO COMPETE IN VARIOUS LIVESTOCK COMPETITIONS INCLUDING; JUDGING, SHOWMANSHIP, AND QUIZ.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelsey Maye Director | Trustee | 0 | $0 |
Coleen Albright Director | Trustee | 0 | $0 |
Nancy Thelen Director | Trustee | 0 | $0 |
Kelly Chapman Director | Trustee | 0 | $0 |
John Schut Director | Trustee | 0 | $0 |
Mary Kelpinski Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,282 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,143 |
| Total Program Service Revenue | $262,805 |
| Investment income | $110,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$29,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $404,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $57,388 |
| 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 | $0 |
| 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 | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,981 |
| Total functional expenses | $283,435 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,610 |
| Savings and temporary cash investments | $127,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,809 |
| 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 | $641,871 |
| Total assets | $962,161 |
| Accounts payable and accrued expenses | $2,250 |
| 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 | $2,250 |
| Net assets without donor restrictions | $959,911 |
| 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 | $962,161 |