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Nonprofiteer
← MICHIGAN AGRI-BUSINESS ASSOCIATION

Form 990 for tax year 2022

Filed by MICHIGAN AGRI-BUSINESS ASSOCIATION.

Totals

Total revenue
$806,862
Total expenses
$756,745
Contributions and grants received
$346,156
Grants paid
$0
Program service revenue
$442,758
Investment income
$16,785
Other revenue
$1,163
Total assets, end of year
$1,054,151
Total liabilities, end of year
$46,346
Net assets or fund balances, end of year
$1,007,805
Program services expenses (Part IX)
$478,618
Management and general expenses
$278,127
Fundraising expenses
$0
Program service expenses (Part III)
$478,618

Program services were 63.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $315,490

  • 1e · Government grants (contributions)

    $30,666

  • 2a · Program service revenue: CONVENTIONS

    total $301,230 · excluded $301,230

  • 2b · Program service revenue: EDUCATIONAL TRUST FUNDRAISING

    total $68,748 · excluded $68,748

  • 2c · Program service revenue: LEADERSHIP PROGRAM

    total $26,000 · excluded $26,000

  • 2d · Program service revenue: PROJECTS & ACTIVITIES

    total $23,625 · excluded $23,625

  • 2e · Program service revenue: BEAN SHIPPER ANNUAL MEETING

    total $15,000 · excluded $15,000

  • 2f · All other program service revenue

    total $8,155 · unrelated business $8,155

  • 3 · Investment income

    total $16,785 · related or exempt $16,785

  • 11a · Other revenue: OTHER INCOME

    total $1,163 · excluded $1,163

  • 11e · Other revenue, total

    $1,163

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $206,240 · program services $103,120 · management and general $103,120

  • 7 · Other salaries and wages

    total $120,904 · program services $60,452 · management and general $60,452

  • 8 · Pension plan contributions

    total $13,606 · management and general $13,606

  • 9 · Other employee benefits

    total $13,141 · management and general $13,141

  • 11c · Fees: accounting

    total $6,825 · management and general $6,825

  • 11d · Fees: lobbying

    total $13,746 · program services $13,746

  • 11g · Fees: other

    total $7,545 · program services $7,545

  • 13 · Office expenses

    total $7,197 · program services $413 · management and general $6,784

  • 14 · Information technology

    total $18,949 · management and general $18,949

  • 16 · Occupancy

    total $22,035 · management and general $22,035

  • 17 · Travel

    total $13,544 · program services $13,544

  • 23 · Insurance

    total $3,415 · management and general $3,415

  • 24a · Other expenses: CONVENTIONS

    total $135,124 · program services $135,124

  • 24b · Other expenses: EDUCATIONAL TRUST

    total $68,148 · program services $68,148

  • 24c · Other expenses: LEADERSHIP PROGRAM EXPENS

    total $22,167 · program services $22,167

  • 24d · Other expenses: BEAN SHIPPERS ADMIN EXP

    total $17,972 · program services $17,972

  • 24e · All other expenses

    total $66,187 · program services $36,387 · management and general $29,800

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $319,431 · end of year $634,151

  • 11 · Investments: publicly traded securities

    beginning of year $670,000 · end of year $420,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,747 · end of year $46,346

  • 27 · Net assets without donor restrictions

    beginning of year $957,684 · end of year $1,007,805

Mission and programs · 2022

Mission

THE MISSION OF THE ORGANIZATION IS TO FURTHER THE DEVELOPMENT AND PROSPERITY OF BUSINESSES ENGAGED IN AGRICULTURE. THE ORGANIZATION WORKS WITH LEGISLATORS AND VARIOUS STATE AND FEDERAL AGENCIES TO ATTAIN THIS GOAL. WE ALSO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH INFORMATIONAL PROGRAMS.

  • TO FURTHER THE DEVELOPMENT AND PROSPERITY OF BUSINESSES ENGAGED IN AGRICULTURE.

    Expenses $478,618

  • THE MISSION OF THE ORGANIZATION IS TO FURTHER THE DEVELOPMENT AND PROSPERITY OF BUSINESSES ENGAGED IN AGRICULTURE. THE ORGANIZATION WORKS WITH LEGISLATORS AND VARIOUS STATE AND FEDERAL AGENCIES TO ATTAIN THIS GOAL. WE ALSO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH INFORMATIONAL PROGRAMS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Lippstreu

    EXECUTIVE DI

    Total calculated
    $228,441
    From this org
    $206,240
    From related orgs
    $0
    Other
    $22,201
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,240
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,201
    Nontaxable benefits
    not reported
    Filer's total
    $228,441

  • Michelle Bergman

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Trevor Clayton

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Ed Garber

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Robert Geers

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Jacob Hecht

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Shawn Lambert

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Allen Pung

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Michael Rumsey

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Greg Thon

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • John Tilt

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Nichole Wilcox

    TRUSTEE/DIRE

    Total calculated
    $0
    Hours/week
    1

  • Mike Fossum

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Jonathan Rush

    1ST VICE CHA

    Total calculated
    $0
    Hours/week
    10

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
4 September 2024
IRS schema version
2022v5.0
Source object
202432559349301618

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