American Hereford Association
- Assets
- $18.8m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Kansas City, MO
- Founding
- 04/1941
- Data as of
- 08/2022
- EIN
- 44-0547734
Organization Overview
American Hereford Association is located in Kansas City, MO. The organization was established in 1941. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 08/2022, American Hereford Association employed 28 individuals. This organization is the central organization for a national or regional group of organizations. American Hereford 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 08/2022, American Hereford Association generated $6.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.6m during the year ending 08/2022. While expenses have increased by 2.1% 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
AHA WILL PROVIDE THE LEADERSHIP TO RECORD, PROTECT, PROMOTE AND FACILITATE THE PRODUCTION AND CONSUMPTION OF HEREFORD BEEF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROMOTION OF AMERICAN HEREFORD BREED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Ward Executive Vice President/s | Officer | 40 | $283,491 |
Leslie Mathews Treasurer/cfo | Officer | 40 | $127,988 |
Shane Bedwell Director Of Breed Improvem | Officer | 40 | $110,286 |
Bob Schaffer Director | Trustee | 0.5 | $0 |
Wyatt Agar Director | Trustee | 0.5 | $0 |
Whitney Hunt Director | Trustee | 0.5 | $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 | $5,082,820 |
| Investment income | $475,987 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,213 |
| Net Gain/Loss on Asset Sales | $243,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,129,431 |
| 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. | $577,241 |
| Compensation of current officers, directors, key employees. | $577,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,177,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $144,388 |
| Payroll taxes | $132,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,255 |
| Fees for services: Accounting | $82,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,851 |
| Fees for services: Other | $0 |
| Advertising and promotion | $450,433 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $270,438 |
| Travel | $321,277 |
| 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 | $107,511 |
| Insurance | $42,660 |
| All other expenses | $677,956 |
| Total functional expenses | $5,577,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $826,124 |
| Savings and temporary cash investments | $382,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $326,222 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $469,639 |
| Inventories for sale or use | $176,057 |
| Prepaid expenses and deferred charges | $60,386 |
| Net Land, buildings, and equipment | $520,079 |
| Investments—publicly traded securities | $14,691,640 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,365,384 |
| Total assets | $18,817,746 |
| Accounts payable and accrued expenses | $552,342 |
| Grants payable | $0 |
| Deferred revenue | $104,234 |
| 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 | $437,189 |
| Other liabilities | $1,689,113 |
| Total liabilities | $2,782,878 |
| Net assets without donor restrictions | $16,034,868 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $18,817,746 |