Civic Intelligence

Iowa State Aberdeen Angus Association

EIN 42-0733448 • 501(c)5 • Boone, IA

Profile

Promote and improve through education the Aberdeen Angus breed of cattle

804 Kale RdBoone, IA 50036

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)5 • <$500k nonprofits • Source year 2024

Net Margin

38th percentile

-1.2%

Higher net margin than 38% of similar nonprofits.

501(c)5 • <$500k nonprofits • Source year 2024

Top Officer Pay

48th percentile

$0

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)5 • <$500k nonprofits • Source year 2024

Asset Growth

36th percentile

-3.4%

Faster asset growth than 36% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

11%

Faster revenue growth than 73% of similar nonprofits.

501(c)5 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$163,119

Down $5,677 (-3.4%) from 2023

Liabilities

Down

$0

Down $189 (-100%) from 2023

Net Assets

Down

$163,119

Down $5,488 (-3.3%) from 2023

Revenue

Up

$462,779

Up $46,632 (+11%) from 2023

Expenses

Up

$468,267

Up $57,939 (+14%) from 2023

Net Income

Down

-$5,488

Down $11,307 (-194%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2010: $90,463Liabilities 2010: $0Net Assets 2010: $90,4632010Assets 2011: $99,158Liabilities 2011: $0Net Assets 2011: $99,1582011Assets 2012: $110,398Liabilities 2012: $0Net Assets 2012: $110,3982012Assets 2013: $110,467Liabilities 2013: $0Net Assets 2013: $110,4672013Assets 2014: $106,726Liabilities 2014: $0Net Assets 2014: $106,7262014Assets 2015: $163,269Liabilities 2015: $0Net Assets 2015: $163,2692015Assets 2016: $160,900Liabilities 2016: $0Net Assets 2016: $160,9002016Assets 2017: $100,427Liabilities 2017: $0Net Assets 2017: $100,4272017Assets 2018: $151,174Liabilities 2018: $0Net Assets 2018: $151,1742018Assets 2019: $150,482Liabilities 2019: $0Net Assets 2019: $150,4822019Assets 2020: $144,386Liabilities 2020: $0Net Assets 2020: $144,3862020Assets 2021: $140,586Liabilities 2021: $0Net Assets 2021: $140,5862021Assets 2022: $162,788Liabilities 2022: $0Net Assets 2022: $162,7882022Assets 2023: $168,796Liabilities 2023: $189Net Assets 2023: $168,6072023Assets 2024: $163,119Liabilities 2024: $0Net Assets 2024: $163,1192024

Highlighted filing

2024

Assets$163,119
Liabilities$0
Net Assets$163,119

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $516,5422010Expenses 2011: $667,2612011Revenue 2012: $863,304Expenses 2012: $852,667Net Income 2012: $10,6372012Revenue 2013: $721,383Expenses 2013: $721,314Net Income 2013: $692013Revenue 2014: $593,038Expenses 2014: $596,779Net Income 2014: -$3,7412014Revenue 2015: $818,378Expenses 2015: $761,836Net Income 2015: $56,5422015Revenue 2016: $624,432Expenses 2016: $626,801Net Income 2016: -$2,3692016Revenue 2017: $677,551Expenses 2017: $738,024Net Income 2017: -$60,4732017Revenue 2018: $518,834Expenses 2018: $528,087Net Income 2018: -$9,2532018Revenue 2019: $445,864Expenses 2019: $446,556Net Income 2019: -$6922019Revenue 2020: $433,874Expenses 2020: $439,970Net Income 2020: -$6,0962020Revenue 2021: $435,692Expenses 2021: $439,492Net Income 2021: -$3,8002021Revenue 2022: $496,828Expenses 2022: $474,426Net Income 2022: $22,4022022Revenue 2023: $416,147Expenses 2023: $410,328Net Income 2023: $5,8192023Revenue 2024: $462,779Expenses 2024: $468,267Net Income 2024: -$5,4882024

Highlighted filing

2024

Revenue$462,779
Expenses$468,267
Net Income-$5,488

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.00$1.63$4.63$4.68$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.69$0.00$1.69$4.16$4.10$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.00$1.63$4.97$4.74$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.41$0.00$1.41$4.36$4.39$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.00$1.44$4.34$4.40$0.06
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.00$1.50$4.46$4.47$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.51$0.00$1.51$5.19$5.28$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.00$1.00$6.78$7.38$0.60
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.61$0.00$1.61$6.24$6.27$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.63$0.00$1.63$8.18$7.62$0.57
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$5.93$5.97$0.04
2013Detailed filing. Detailed filing data is available for this year.$1.10$0.00$1.10$7.21$7.21$0.00
2012Summary only. Only limited summary data is available for this year.$1.10$0.00$1.10$8.63$8.53$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.00$0.99$6.67
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.00$0.90$5.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$481,385
Mission and Program Overview

Mission

Promote and improve through education the Aberdeen Angus breed of cattle

Promote and improve through education the aberdeen angus breed of cattle.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$100,206$104,266▲ $4,060
Cash and Non-Interest-Bearing Accounts$59,269$50,152▼ $9,117
Accounts Receivable$9,321$8,701▼ $620
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$168,796$163,119▼ $5,677
Other Assets Total-$0-
Liabilities
Other Liabilities$189--
Total Liabilities$189$0▼ $189
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$168,607$163,119▼ $5,488
Total Net Assets Fund Balance$168,607$163,119▼ $5,488
Total Liabilities and Net Assets / Fund Balance$168,796$163,119▼ $5,677

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,418$6,418
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bubba ChapmanPast President
John PrasilPresident
Craig MoffittVice President
Cheryl BarkerDirector
Chris WoodDirector
Dan WhiteDirector
Drew SchroederDirector
Joe DriscollDirector
Keith MoserDirector
Kent MusfeldtDirector
Mark MatlageDirector
Shelli MardesenDirector
Terry SwensonDirector
Tom GrahamDirector
Tyler OrmanDirector
Wes RubyDirector
Weston BrandtDirector
Wyatt MobleyDirector
Lauren BrittonSecretary
Zach BrittonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,143
Program Service Revenue
$446,300
Investment Income
$4,077
Other Revenue
$-4,741
All Other Contributions
$4,375
Change in Net Assets
$-5,488
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$435,612
Salaries, Compensation, and Employee Benefits$32,455
Grants and Similar Amounts Paid$200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$33,579$1,083-$34,662
Current Officers, Directors, Trustees, and Key Employees$14,010$18,445-$32,455
Other Expenses$20,302$974-$21,276
Advertising$9,300$1,025-$10,325
Fees for Services Accounting$20$2,284-$2,304
Fees for Services Legal-$1,873-$1,873
Travel$947$813-$1,760
Insurance$122$1,259-$1,381
Information Technology-$408-$408
Grants to Domestic Orgs$200--$200
Total Functional Expenses$440,103$28,164$0$468,267
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$18,606
Fundraising Gross Income$13,865
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Each member is a member of a regional group and the state association. Members elect delegates to serve as the governing body from their region and also at-large.

Form 990, Part VI, Section A, Line 7A

Members can nominate a delegate from their region and at-large to represent them. The nominees are voted on by the region and state membership. These delegates make up the board of directors who have voting rights for association bi-law changes and approval of contracts issued.

Form 990, Part VI, Section A, Line 7B

All board minutes are published in the bi-monthly newletter and each member has a right to question any proceedings of the meetings.

Form 990, Part VI, Section B, Line 11B

No documents are available to the public except those published in the newspaper or directory. A copy of the form 990 is reviewed by the president secretary and treasurer before the return is filed. Any member can request from the president, secretary or treasurer to see a copy of any documents.

Form 990, Part VI, Section B, Line 15A

Compensation is approved by the board of directors. Currently, only the secretary/treasurer is a compensated position and board members determine their compensation in a private meeting without the compensated officer present.

Form 990, Part VI, Section B, Line 15B

Once board has approved the compensation, a contract is drawn up outlining the commission base and any set fees the officer or employee will receive each year.

Form 990, Part VI, Section C, Line 19

All changes to governing documents and policies are published in the newspaper and/or directories that are distributed to members and general public. Finanical statements are available at each meeting. A copy of the form 990 is reviewed by the president secretary and treasurer before the return is filed. Any member can request from the president, secretary or treasurer to see a copy of any documents.

Filing and Contact Details

Filer

Filer Name
Iowa State Aberdeen Angus Association
EIN
42-0733448
Phone
5152305745
Address
804 KALE RD, BOONE, IA 50036

Signing Officer

Name
Zach Britton
Title
Treasurer
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Zach Britton
Formed
1922
Legal Domicile
Ia
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
32

Preparer

Firm
Potter & Brant Plc
Address
31 PLAZA DRIVE, CLEAR LAKE, IA 50428
Preparer
Kristan M Brant CPA
Phone
6413575291
Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt18Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0408
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc1BULL TESTS
IRS990/OtherExpensesGrp/Desc2Printing and Publications
IRS990/OtherExpensesGrp/Desc3Postage and Shipping
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IRS990/ProgSrvcAccomActy2Grp/Desc0BULL TESTING - EACH APRIL, THE ASSOCIATION HOLDS A SALE TO EVALUATE MEMBER'S BULLS FOR PERFORMANCE AND GENETICS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0GENERAL 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.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt060080
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PREVIEW 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.
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IRS990/PYSalariesCompEmpBnftPaidAmt032678
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