Nonprofit · EIN 42-0733448
IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION
Tax-exempt · BOONE, IA 50036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $462,779 | $468,267 | -$5,488 | $163,119 | $0 | $163,119 |
| December 31, 2023 | 990 | $416,147 | $410,328 | $5,819 | $168,796 | $189 | $168,607 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $17,143
- Membership dues
- $12,768
- Program service revenue
- $446,300
- Investment income
- $4,077
- Net income from fundraising events
- -$4,741
- Other revenue
- -$4,741
Expenses
- Grants and similar amounts paid
- $200
- Compensation of officers, directors and key employees
- $32,455
- Salaries, compensation and benefits (total)
- $32,455
- Professional fundraising fees
- $0
- Legal fees
- $1,873
- Accounting fees
- $2,304
- Travel
- $1,760
- Program services (functional)
- $440,103
- Management and general (functional)
- $28,164
Balance sheet and other
- Total assets, start of year
- $168,796
- Total assets, end of year
- $163,119
- Total liabilities, end of year
- $0
- Net assets, end of year
- $163,119
- Net assets without donor restrictions
- $163,119
- Gross receipts
- $481,385
- Employees
- 0
- Volunteers
- 32
- Year formed
- 1922
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BUBBA CHAPMAN | Past President Trustee or director, Officer | 1 | $0 |
| JOHN PRASIL | President Trustee or director, Officer | 1 | $0 |
| MARK MATLAGE | Director Trustee or director | 1 | $0 |
| KENT MUSFELDT | Director Trustee or director | 1 | $0 |
| DREW SCHROEDER | Director Trustee or director | 1 | $0 |
| JOE DRISCOLL | Director Trustee or director | 1 | $0 |
| TOM GRAHAM | Director Trustee or director | 1 | $0 |
| SHELLI MARDESEN | Director Trustee or director | 1 | $0 |
| WES RUBY | Director Trustee or director | 1 | $0 |
| DAN WHITE | Director Trustee or director | 1 | $0 |
| CHRIS WOOD | Director Trustee or director | 1 | $0 |
| TYLER ORMAN | Director Trustee or director | 1 | $0 |
| TERRY SWENSON | Director Trustee or director | 1 | $0 |
| CHERYL BARKER | Director Trustee or director | 1 | $0 |
| KEITH MOSER | Director Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG MOFFITT | Vice President Trustee or director, Officer | 1 | $0 |
| WESTON BRANDT | Director Trustee or director | 1 | $0 |
| ZACH BRITTON | Treasurer Trustee or director, Officer | 10 | $0 |
| LAUREN BRITTON | Secretary Trustee or director, Officer | 10 | $0 |
| WYATT MOBLEY | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAUREN BRITTON | Secretary Trustee or director, Officer | 10 | $31,833 |
| BUBBA CHAPMAN | President Trustee or director, Officer | 1 | $0 |
| JOHN PRASIL | Vice President Trustee or director, Officer | 1 | $0 |
| ED WIEDERSTEIN | PAST PRESIDENT Trustee or director, Officer | 1 | $0 |
| KENT MUSFELDT | Director Trustee or director | 1 | $0 |
| DREW SCHROEDER | Director Trustee or director | 1 | $0 |
| JOE DRISCOLL | Director Trustee or director | 1 | $0 |
| DARIAN DAVID | Director Trustee or director | 1 | $0 |
| SHELLI MARDESEN | Director Trustee or director | 1 | $0 |
| WES RUBY | Director Trustee or director | 1 | $0 |
| DAN WHITE | Director Trustee or director | 1 | $0 |
| CHRIS WOOD | Director Trustee or director | 1 | $0 |
| TYLER ORMAN | Director Trustee or director | 1 | $0 |
| TERRY SWENSON | Director Trustee or director | 1 | $0 |
| BRUCE BROCKWAY | Director Trustee or director | 1 | $0 |
| CHERYL BARKER | Director Trustee or director | 1 | $0 |
| KEITH MOSER | Director Trustee or director | 1 | $0 |
| CRAIG MOFFITT | Director Trustee or director | 1 | $0 |
| KIRK BRANDT | Director Trustee or director | 1 | $0 |
| ZACH BRITTON | Treasurer Trustee or director, Officer | 10 | $0 |
| ADAM CONOVER | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 804 KALE RD, BOONE, IA 50036-7255
- In care of
- % PAUL VAASSEN
- Principal officer (990 for 2024)
- ZACH BRITTON, 804 KALE RD, BOONE, IA 50036
- Signed the 990
- ZACH BRITTON, Treasurer
- Phone
- (515) 230-5745
- Return prepared by
- POTTER & BRANT PLC
Mission
PROMOTE AND IMPROVE THROUGH EDUCATION THE ABERDEEN ANGUS BREED OF CATTLE.
Program accomplishments
- BEEF EXPOSITION - EACH FEBRUARY, IOWA ANGUS HOLDS A BEEF EXPOSITION FOR MEMBERS OF THE ASSOCIATION TO BRING THEIR CATTLE TO SHOW AND SELL TO BEEF BUYERS.Expenses $246,655 · revenue $244,001
- BULL TESTING - EACH APRIL, THE ASSOCIATION HOLDS A SALE TO EVALUATE MEMBER'S BULLS FOR PERFORMANCE AND GENETICS.Expenses $133,961 · revenue $134,817
- GENERAL PROMOTION & MAGAZINE - PROMOTION OF THE ANGUS BREED AT EVENTS AND FAIRS THROUGHOUT THE YEAR. A DIRECTORY IS PRINTED EACH YEAR WITH MEMBERS NAMES AND CONTACT INFORMATION WHICH IS DISTRIBUTED TO MEMBERS AND BEEF BUYERS. APPROXIMATELY 3,000 DIRECTORIES ARE PUBLISHED. A MAGAZINE IS PRINTED SIX TIMES A YEAR WITH INFORMATION ON THE ANGUS BREED OF CATTLE AND MEMBER INFORMATION ABOUT THE ASSOCIATION SUCH AS MINUTES OF THE LAST MEETING AND UPCOMING ASSOCIATION EVENTS. THESE ARE DISTRIBUTED TO MEMBERS AND BUYERS WITH APPROXIMATELY 1,500 COPIES PRINTED EACH TIME. SCHOLARSHIPS AND AWARDS ARE GIVEN TO JUNIOR MEMBERS DURING SHOWS AND SALES EACH YEAR.Expenses $49,153 · revenue $60,080
- PREVIEW SHOW - EACH JUNE, THE ASSOCIATION HOLDS A CATTLE SHOW FOR JUNIOR MEMBERS (TEENAGERS) AND ADULT MEMBERS TO SHOW THEIR CATTLE AND COMPETE AGAINST ONE ANOTHER.Expenses $10,334 · revenue $7,214
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0733448
- Tax-exempt status
- 501(c)(5): Labor, agricultural or horticultural organization
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $163,119
- Income (IRS master file)
- $481,385
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $462,779 | $468,267 | $163,119 | IRS |
| 990 | December 2023 | $416,147 | $410,328 | $168,796 | XML |
| 990 | December 2022 | $496,828 | $474,426 | $162,788 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0733448).
Questions about IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION
- What is the EIN of IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION?
- The employer identification number (EIN) of IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION is 42-0733448.
- Is IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(5) since 1990.
- Are donations to IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 names ZACH BRITTON.
- Who are the officers and directors of IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does IOWA STATE ABERDEEN ANGUS BREEDERS ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $462,779, expenses of $468,267 and total assets of $163,119 at year end.
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