Southwest Minnesota Farm Management Association
- Assets
- $307.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lamberton, MN
- Founding
- 12/1945
- Data as of
- 12/2022
- EIN
- 41-6037686
Organization Overview
Southwest Minnesota Farm Management Association is located in Lamberton, MN. The organization was established in 1945. According to its NTEE Classification (K28) the organization is classified as: Farm Bureaus & Granges, 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. Southwest Minnesota Farm Management Association is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2022, Southwest Minnesota Farm Management Association generated $192.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $145.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 4 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 |
|---|---|---|---|
John Volk President | 0.5 | $0 | |
Ryan Larson Vice President | 0.5 | $0 | |
Jeff Leuthold Secretary/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,556 |
| Total Program Service Revenue | $5,254 |
| Membership dues | $108,782 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $65,129 |
| Total Revenue | $192,721 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,857 |
| Other expenses | $143,725 |
| Total expenses | $145,582 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $307,123 |
| Other assets | $0 |
| Total assets | $307,123 |
| Total liabilities | $0 |
| Net assets or fund balances | $307,123 |