Klamath Land & Cattle Company
- Assets
- $685.6k
- Revenue
- $138.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fresno, CA
- Founding
- 03/1967
- Data as of
- 12/2021
- EIN
- 94-6127248
Organization Overview
Klamath Land & Cattle Company is located in Fresno, CA. The organization was established in 1967. According to its NTEE Classification (K26) the organization is classified as: Animal Husbandry, 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. Klamath Land & Cattle Company is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Klamath Land & Cattle Company generated $138.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $131.6k during the year ending 12/2021. While expenses have increased by 5.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
KLAMATH LAND AND CATTLE COMPANY IS A DUCK CLUB. WE HAVE ENTERED INTO A WETLANDS PRESERVATION AGREEMENT WITH THE FEDERAL GOVERNMENT THAT REQUIRES US TO MAINTAIN A WETLANDS POND FOR MIGRATING BIRDS. THE FEDERAL GOVERNMENT AND STATE OF CALIFORNIA HAVE PURCHASED EASEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KLAMATH LAND AND CATTLE COMPANY HAS MAINTAINED AND PROVIDED FOR THE SERVICING OF THE WETLANDS PRESERVATION IN ACCORDANCE WITH THE AGREEMENT ESTABLISHED WITH THE FEDERAL GOVERNMENT THAT REQUIRES US TO MAINTAIN A WETLANDS FOR WATERFOWL. IN ACCORDANCE WITH THE EASEMENTS HELD BY BOTH FEDERAL AND STATE GOVERNMENTS, WE HAVE DUTIFULLY INVESTED THE PROCEEDS FROM THESE TRANSACTIONS IN A CONSERVATIVE MANNER THAT ALLOWS FOR THE CONTINUATION OF OUR STATED PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Craven President | Officer | 2 | $0 |
Louis Hackett Sec/treasurer | Officer | 2 | $0 |
Robert Fischer Vice President | Officer | 2 | $0 |
Curtis Johnson Director | Trustee | 1 | $0 |
Mark Murray Director | Trustee | 1 | $0 |
Louis Caputo Director | Trustee | 1 | $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 | $105,065 |
| Investment income | $30,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,718 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $138,569 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $50,305 |
| Insurance | $6,902 |
| All other expenses | $18,316 |
| Total functional expenses | $131,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,981 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $393 |
| Net Land, buildings, and equipment | $188,490 |
| Investments—publicly traded securities | $375,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $103,870 |
| Total assets | $685,559 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,180 |
| Total liabilities | $1,180 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,535 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $669,844 |
| Total liabilities and net assets/fund balances | $685,559 |
Endowment Analysis
| Beg. Balance | $440,744 |
| Earnings | $59,615 |
| Other Expense | $22,705 |
| Ending Balance | $477,654 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breeders Invitational Inc Bakersfield, CA | $987,071 | $3,466,800 |
Red Bluff Bull Sale Committee Red Bluff, CA | $1,440,390 | $3,197,645 |
Central Counties Dairy Herd Improvement Association Atwater, CA | $1,471,777 | $2,357,834 |
California Cattlemens Association Sacramento, CA | $1,056,644 | $1,751,059 |
Arizona National Livestock Show Inc Phoenix, AZ | $1,001,991 | $1,594,039 |
San Joaquin Dairy Herd Improvement Association Herald, CA | $0 | $617,978 |
Klamath Cattlemens Association Klamath Falls, OR | $201,556 | $732,880 |
Oregon Cattlemens Assn Salem, OR | $456,859 | $728,701 |
Grant County Youth Livestock Auction Inc John Day, OR | $34,506 | $571,276 |
Pima County Junior Livestock Sales Inc Tucson, AZ | $128,456 | $497,637 |
Dairy Herd Improvement Association Of California Salem, OR | $122,969 | $390,413 |
Arabian Horse Breeders Alliance Gilbert, AZ | $621,102 | $393,157 |