American Red Brangus Association
- Assets
- $179.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dripping Springs, TX
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 74-1759385
Organization Overview
American Red Brangus Association is located in Dripping Springs, TX. The organization was established in 1978. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Red Brangus 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 12/2023, American Red Brangus Association generated $78.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $84.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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 |
|---|---|---|---|
Cortnie King Secretary | 0 | $0 | |
John Banken Vice Preside | 0 | $0 | |
Ryan Dreibolt Treasurer | 0 | $0 | |
Donald Gray President | 0 | $0 | |
Spence Lesikar Director | 0 | $0 | |
Dr Richard Gingles Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $42,406 |
| Membership dues | $7,320 |
| Investment income | $28,804 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,530 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,449 |
| Professional fees and other payments to independent contractors | $105 |
| Occupancy, rent, utilities, and maintenance | $1,818 |
| Printing, publications, postage, and shipping | $658 |
| Other expenses | $41,127 |
| Total expenses | $84,157 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,521 |
| Other assets | $0 |
| Total assets | $179,743 |
| Total liabilities | $5,269 |
| Net assets or fund balances | $174,474 |