Michigan Morgan Horse Breeders Futurity
- Assets
- $211.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, MI
- Founding
- 10/1959
- Data as of
- 06/2022
- EIN
- 38-6093417
Organization Overview
Michigan Morgan Horse Breeders Futurity is located in Milford, MI. The organization was established in 1959. 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. Michigan Morgan Horse Breeders Futurity is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 06/2022, Michigan Morgan Horse Breeders Futurity generated $139.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $101.5k during the year ending 06/2022. While expenses have increased by 6.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOLDS AN ANNUAL HORSE SHOW TO PROMOTE THE MORGAN HORSE BREED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shauna Franklin Director | 1 | $0 | |
Dani Muench Director | 1 | $0 | |
Carley Freeman Director | 1 | $0 | |
Martha Edwards President | 3 | $0 | |
Sandra Stearns Vice President | 3 | $0 | |
Dianne Ervin Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,335 |
| Total Program Service Revenue | $70,644 |
| Membership dues | $1,330 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$26,337 |
| Other Revenue | $0 |
| Total Revenue | $138,972 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $875 |
| Occupancy, rent, utilities, and maintenance | $17,927 |
| Printing, publications, postage, and shipping | $4,622 |
| Other expenses | $78,094 |
| Total expenses | $101,518 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $211,542 |
| Other assets | $0 |
| Total assets | $211,707 |
| Total liabilities | $0 |
| Net assets or fund balances | $211,707 |
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