Minnesota Holstein-Friesian Breeders Association Inc
- Assets
- $502.8k
- Revenue
- $685.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Plainview, MN
- Founding
- 04/1952
- Data as of
- 09/2022
- EIN
- 41-0700500
Organization Overview
Minnesota Holstein-Friesian Breeders Association Inc is located in Plainview, MN. The organization was established in 1952. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. As of 09/2022, Minnesota Holstein-Friesian Breeders Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Holstein-Friesian Breeders Association 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 09/2022, Minnesota Holstein-Friesian Breeders Association Inc generated $685.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $563.5k during the year ending 09/2022. While expenses have increased by 12.3% 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
PROMOTING AND DEVELOPING THE MARKET FOR THE HOLSTEIN BREED OF CATTLE AND THEIR PRODUCTS; ENCOURAGE, PROMOTE AND EXTEND THE SUCCESSFUL KEEPING AND BREEDING OF HOLSTEIN CATTLE; AND DISSEMINATE USEFUL INFORMATION OF THE HOLSTEIN BREED FOR DAIRY AND OTHER PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATE SALES AND LIVESTOCK MARKETING - PROMOTE AND DEVELOP THE MARKET FOR HOLSTEIN-FRIESIAN BREED FOR DAIRY AND OTHER.
JUNIOR ASSOCIATION - PROMOTE THE HOLSTEIN-FRIESIAN BREED FOR YOUNG FUTURE FARMERS.
PUBLICATIONS/SUBSCRIPTIONS - HOLSTEIN NEWS & TABLOID - DISSEMINATE USEFUL INFORMATION OF THE HOLSTEIN-FRIESIAN BREED FOR DAIRY AND OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Gross President | OfficerTrustee | 1 | $0 |
Kris Gruenes Vice Preside | OfficerTrustee | 1 | $0 |
Ashley Swenson Finance Chai | OfficerTrustee | 1 | $0 |
Nathan Donnay Director | Trustee | 1 | $0 |
Trevor Ekkel Director | Trustee | 1 | $0 |
Rebecca Groos Director | Trustee | 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 | $57,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,062 |
| Total Program Service Revenue | $20,080 |
| Investment income | -$13,976 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $789 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $685,072 |
| 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 | $57,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $385,552 |
| Advertising and promotion | $64,534 |
| Office expenses | $22,464 |
| Information technology | $2,487 |
| Royalties | $0 |
| Occupancy | $712 |
| Travel | $15,715 |
| 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 | $696 |
| Insurance | $5,556 |
| All other expenses | $0 |
| Total functional expenses | $563,485 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,192 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,455 |
| 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 | $4,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,832 |
| Accounts payable and accrued expenses | $4,276 |
| 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 | $4,276 |
| Net assets without donor restrictions | $443,652 |
| Net assets with donor restrictions | $54,904 |
| 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 | $502,832 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Holstein-Friesian Breeders Association Inc Plainview, MN | $502,832 | $685,072 |
Iowa Thoroughbred Breeders And Owners Association Altoona, IA | $1,041,000 | $379,828 |
Iowa State Aberdeen Angus Breeders Association Benton, IA | $140,586 | $435,692 |
Brown Paws Rescue Westport, WI | $58,054 | $322,576 |
South Dakota Reined Cow Horse Association Buffalo, SD | $114,604 | $240,443 |
North American Elk Breeders Association Howard Lake, MN | $174,751 | $194,106 |
Iowa Holstein Breeders Association Incorporated Sumner, IA | $192,590 | $178,049 |
Fargo-Moorhead Kennel Club Inc West Fargo, ND | $140,829 | $0 |
World Beef Exposition Inc Burnett, WI | $120,204 | $0 |
Badger Kennel Club Deforest, WI | $165,571 | $0 |
Sioux Empire Kennel Club Inc Sioux Falls, SD | $195,259 | $0 |
Winnegamie Dog Club Incorporated Appleton, WI | $329,721 | $171,438 |