Minnesota Arabian Horse Breeders Inc
- Assets
- $869.6k
- Revenue
- $321.2k
- Investments
- $657.2k
- Employees
- 0
- Location
- Northfield, MN
- Founding
- 07/1985
- Data as of
- 12/2021
- EIN
- 41-1432861
Organization Overview
Minnesota Arabian Horse Breeders Inc is located in Northfield, MN. The organization was established in 1985. 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. Minnesota Arabian Horse Breeders 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 12/2021, Minnesota Arabian Horse Breeders Inc generated $321.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $256.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE BEAUTY, INTELLIGENCE AND VERSATILITY OF THE ARABIAN BREED. PROVIDE FUNDRAISING OPPORTUNITIES FOR CHARITABLE ORGANIZATIONS. ENHANCE THE MEDALLION STALLION FUTURITY PROGRAM RECOGNITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURITY SHOW - OFFSPRING OF MEDALLION AND AUCTION STALLIONS ARE ELIGIBLE TO COMPETE AS YEARLINGS IN HALTER CLASSES. PERFORMANCE CLASSES ARE OFFERED FOR THESE HORSES WHEN THEY ARE THREE YEARS OLD OR OLDER. MEDALLION STALLION PROGRAM - OFFSPRING FROM BREEDINGS TO NOMINATED SIRES ARE ELIGIBLE TO COMPETE FOR PRIZE MONEY. PROGRAM ATTRACTS NEW PEOPLE TO THE ARABIAN BREED, AS WELL AS ESTABLISHED BREEDERS FROM A MULTI-STATE AREA.
STALLION SERVICE AUCTION - ANNUALLY, STALLION BREEDING SERVICES ARE SOLD AT AUCTION. RESULTING OFFSPRING ARE ELIGIBLE TO COMPETE FOR PRIZE MONEY. ATTRACTS A LARGE NUMBER OF BREEDERS FROM A MULTI-STATE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Hentges President/di | OfficerTrustee | 2 | $0 |
Lori Conway Vice Preside | OfficerTrustee | 2 | $0 |
Geniene Scherer Treasurer | OfficerTrustee | 2 | $0 |
Deb Treadwell Secretary/di | OfficerTrustee | 2 | $0 |
Greg Brown Director | Trustee | 1 | $0 |
Ann Benson 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $292,973 |
| Investment income | $28,239 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $321,212 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $7,390 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,875 |
| Office expenses | $2,676 |
| Information technology | $89 |
| 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 | $2,968 |
| All other expenses | $26,673 |
| Total functional expenses | $256,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,002 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,391 |
| 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 | $657,168 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $869,561 |
| Accounts payable and accrued expenses | $1,496 |
| 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 | $441,650 |
| Total liabilities | $443,146 |
| Net assets without donor restrictions | $0 |
| 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 | $426,415 |
| Total liabilities and net assets/fund balances | $869,561 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minnesota Dairy Herd Improvement Sauk Centre, MN | $1,637,297 | $2,255,474 |
Minnesota Pork Board Mankato, MN | $1,571,929 | $2,086,789 |
South Dakota Producers Council Sioux Falls, SD | $1,200,455 | $1,325,308 |
Dairy Business Association Inc Green Bay, WI | $1,517,928 | $864,691 |
Midwest Poultry Federation Inc Buffalo, MN | $409,612 | $926,298 |
Brown Swiss Cattle Breeders Assn Of The U S A Inc Beloit, WI | $739,489 | $682,804 |
North Central Poultry Association Urbandale, IA | $1,244,126 | $668,035 |
South Dakota Cattlemens Foundation De Smet, SD | $0 | $585,344 |
Iowa Turkey Federation Inc Ames, IA | $546,913 | $495,294 |
National Mastitis Council Inc New Prague, MN | $567,258 | $389,260 |
National Dairy Herd Improvement Association Inc Verona, WI | $681,227 | $489,608 |
Monroe County Co-Op Dairy Herd Improvement Association Sparta, WI | $136,775 | $320,594 |