Nonprofit · EIN 88-0109920
PANACA FARMSTEAD ASSOCIATION
Tax-exempt · PANACA, NV 89042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $457,878 | $439,722 | $18,156 | $3,302,698 | $18,533 | $3,284,165 |
| December 31, 2023 | 990 | $447,174 | $434,295 | $12,879 | $3,282,634 | $16,625 | $3,266,009 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $424,688
- Investment income
- $17,083
- Other revenue
- $16,107
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $145,650
- Salaries, compensation and benefits (total)
- $168,061
- Professional fundraising fees
- $0
- Travel
- $716
- Depreciation
- $123,921
Balance sheet and other
- Total assets, start of year
- $3,282,634
- Total assets, end of year
- $3,302,698
- Total liabilities, end of year
- $18,533
- Net assets, end of year
- $3,284,165
- Land, buildings and equipment
- $2,511,946
- Gross unrelated business income
- $14,400
- Gross receipts
- $457,878
- Employees
- 4
- Year formed
- 1982
- State of legal domicile
- NV
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 |
|---|---|---|---|
| MICHAEL ANDERSON | PRESIDENT Trustee or director, Officer | – | $0 |
| RICH HANSEN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| ERIC HOLT | BOARD MEMBER Trustee or director | – | $0 |
| KADE LEE | BOARD MEMBER Trustee or director | – | $0 |
| KIM LEE | SECRETARY/TR Trustee or director, Officer | – | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL ANDERSON | BOARD MEMBER Trustee or director | – | $0 |
| JUSTIN FREHNER | PRESIDENT Trustee or director, Officer | – | $0 |
| RICH HANSEN | BOARD MEMBER Trustee or director, Officer | – | $0 |
| ERIC HOLT | VICE PRESIDE Trustee or director, Officer | – | $0 |
| KIM LEE | SECRETARY/TR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 597, PANACA, NV 89042-0597
- Principal officer (990 for 2024)
- MICHAEL ANDERSON, PO BOX 155, PANACA, NV 89042
- Signed the 990
- MICHAEL ANDERSON, PRESIDENT
- Phone
- (775) 728-4282
- Return prepared by
- DANIEL C MCARTHUR LTD
Mission
ADVANCEMENT OF STATE AND LOCAL INTEREST FOR THE PURPOSE OF PROVIDING ESSENTIAL HUMAN SERVICES.
Program accomplishments
- INSTALLATION, MAINTENANCE AND OPERATION OF A WATER SUPPLY, DISTRIBUTION LINES AND SERVICE LINES TO MEMBERS OF THE ASSOCIATION. INSTALLATION, MAINTENANCE AND OPERATION OF SEWER SERVICES TO MEMBERS.
- INSTALLATION, MAINTENANCE AND OPERATION OF A WATER SUPPLY, DISTRIBUTION LINES AND SERVICE LINES TO MEMBERS OF THE ASSOCIATION. INSTALLATION, MAINTENANCE AND OPERATION OF SEWER SERVICES TO MEMBERS.
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
- 88-0109920
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1973
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,302,698
- Income (IRS master file)
- $457,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $457,878 | $439,722 | $3,302,698 | XML |
| 990 | December 2023 | $447,174 | $434,295 | $3,282,634 | XML |
| 990 | December 2022 | $428,845 | $396,953 | $3,266,438 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PANACA FARMSTEAD ASSOCIATION
- What is the EIN of PANACA FARMSTEAD ASSOCIATION?
- The employer identification number (EIN) of PANACA FARMSTEAD ASSOCIATION is 88-0109920.
- Is PANACA FARMSTEAD ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1973.
- Are donations to PANACA FARMSTEAD ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PANACA FARMSTEAD 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 PANACA FARMSTEAD 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 PANACA FARMSTEAD 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 PANACA FARMSTEAD ASSOCIATION?
- The 990 for the year ended December 31, 2024 names MICHAEL ANDERSON.
- Who are the officers and directors of PANACA FARMSTEAD ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PANACA FARMSTEAD ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $457,878, expenses of $439,722 and total assets of $3,302,698 at year end.
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