Simmental Breeders Sweepstakes Inc
- Assets
- $43.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 06/1987
- Data as of
- 12/2023
- EIN
- 61-1081512
Organization Overview
Simmental Breeders Sweepstakes Inc is located in Akron, OH. The organization was established in 1987. According to its NTEE Classification (D60) the organization is classified as: Animal Services N.E.C., under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Simmental Breeders Sweepstakes 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 12/2023, Simmental Breeders Sweepstakes Inc generated $50.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $45.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE BREEDING AND DEVELOPMENT OF THE SIMMENTAL BREED OF CATTLE
Describe the Organization's Program Activity:
Part 3
TO FOSTER BREEDING/DEVELOPMENT OF SIMMENTAL CATTLE
TO FOSTER BREEDING/DEVELOPMENT OF SIMMENTAL CATTLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerod Metzger Chairman | 0 | $0 | |
Jim Herr Treasurer | 0 | $0 | |
Brian Swain Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,220 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $40,230 |
| Total Revenue | $50,460 |
| 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 | $475 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,142 |
| Total expenses | $45,617 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,896 |
| Other assets | $0 |
| Total assets | $43,196 |
| Total liabilities | $150 |
| Net assets or fund balances | $43,046 |