American Milking Shorthorn Society
- Assets
- $523.2k
- Revenue
- $335.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Beloit, WI
- Founding
- 06/1950
- Data as of
- 12/2023
- EIN
- 44-0556867
Organization Overview
American Milking Shorthorn Society is located in Beloit, WI. The organization was established in 1950. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Milking Shorthorn Society employed 2 individuals. This organization is the central organization for a national or regional group of organizations. American Milking Shorthorn Society is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, American Milking Shorthorn Society generated $335.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $387.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AMERICAN MILKING SHORTHORNS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TESTING, CLASSIFICATIONS, AND OTHER PROGRAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanna Landrum President | Officer | $0 | |
Joann Landrum Vice Preside | Officer | $0 | |
Jerry Merrill Director | Trustee | $0 | |
Katie Agnew Director | Trustee | $0 | |
Susan Lee Exec Committ | Trustee | $0 | |
Allen Hess Exec Committ | Trustee | $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 | $12,172 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,172 |
| Total Program Service Revenue | $295,293 |
| Investment income | $12,665 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,701 |
| 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 | $87,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,441 |
| Payroll taxes | $7,359 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,833 |
| Fees for services: Accounting | $17,595 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,968 |
| Office expenses | $21,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,262 |
| Travel | $20,794 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,617 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,907 |
| Insurance | $4,091 |
| All other expenses | $13,628 |
| Total functional expenses | $387,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,888 |
| Savings and temporary cash investments | $124,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,742 |
| 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 | $1,795 |
| Net Land, buildings, and equipment | $13,400 |
| Investments—publicly traded securities | $325,578 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,334 |
| Total assets | $523,176 |
| Accounts payable and accrued expenses | $31,629 |
| 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 | $31,629 |
| Net assets without donor restrictions | $326,480 |
| Net assets with donor restrictions | $165,067 |
| 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 | $523,176 |