Minnesota Lamb & Wool Producers Inc
- Assets
- $75.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Center City, MN
- Founding
- 03/1990
- Data as of
- 10/2023
- EIN
- 41-1486630
Organization Overview
Minnesota Lamb & Wool Producers Inc is located in Center City, MN. The organization was established in 1990. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Lamb & Wool Producers 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 10/2023, Minnesota Lamb & Wool Producers Inc generated $36.1k 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 (11.5%) each year. All expenses for the organization totaled $33.7k during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Froehlich President | 6 | $0 | |
Delvin Durheim 1st Vice President | 3 | $0 | |
Randy Kinney 2nd Vice President | 3 | $0 | |
Jacob Wilts Secretary | 3 | $0 | |
Glenette Sperry Treasurer | 5 | $1,700 | |
Kay Edberg Ne Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,424 |
| Total Program Service Revenue | $12,525 |
| Membership dues | $7,150 |
| Investment income | $56 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,959 |
| Other Revenue | $0 |
| Total Revenue | $36,114 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $1,300 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $8,325 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,523 |
| Other expenses | $21,549 |
| Total expenses | $33,697 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,685 |
| Other assets | $0 |
| Total assets | $75,685 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,685 |