Equity Livestock Credit Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 391716802 ✦ Baraboo, WI ✦ Designated as a 501(c)(16)

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Overview

What is Equity Livestock Credit Corporation?

Equity Livestock Credit Corporation, situated in Baraboo, Wisconsin, functions as a nonprofit organization primarily focused on supporting producers involved in feeder cattle operations. Through its operations, the corporation extends financing amounting to approximately $1,870,392, enabling these producers to sustain, progress, and expand their ventures under relevant tax codes. With a modest workforce of one individual, Equity Livestock Credit Corporation plays a significant role in the agricultural sector by offering financial assistance to feeder cattle producers.


Official website here: www.equitycoop.com

Is Equity Livestock Credit Corporation legitimate?

Equity Livestock Credit Corporation is a legitimate nonprofit organization registered as a 501(c)(16) entity. Equity Livestock Credit Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $8,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,715

For more financial information, click here


Official website here: www.equitycoop.com

What is the mission statement of Equity Livestock Credit Corporation?

Equity Livestock Credit Corporation's mission is centered around providing financing for producers involved in feeder cattle operations. This mission is carried out through the organization's activities, aimed at helping producers finance, continue, and even expand their operations under specific sections of the tax code. By doing so, Equity Livestock Credit Corporation plays a crucial role in supporting the financial wellbeing of these cattle producers.


Official website here: www.equitycoop.com

Who is the CEO of Equity Livestock Credit Corporation?

Curt Larson is the Ceo And President of Equity Livestock Credit Corporation. The CEO's salary of Equity Livestock Credit Corporation is $0 and their total compensation is $217,641.


Official website here: www.equitycoop.com

What is the revenue of Equity Livestock Credit Corporation?

Equity Livestock Credit Corporation's revenue in 2022 was $487,290.


Official website here: www.equitycoop.com

Who are the executives of Equity Livestock Credit Corporation and what are their salaries?

The average compensation at Equity Livestock Credit Corporation during 2022 was $110,915. There is 1 employee at Equity Livestock Credit Corporation.


Here are 20 key members and their salaries (Equity Livestock Credit Corporation's CEO's salary is $0 and their total compensation is $217,641):


Adam Quandahl (Chairman)
  • Compensation: $600
  • Related: $5,994
  • Other: $0
Steve Schleis (Secretary/Treasurer)
  • Compensation: $1,200
  • Related: $12,314
  • Other: $0
David Wilke (Vice Chairman)
  • Compensation: $1,200
  • Related: $3,948
  • Other: $0
Brad Solchenberger (Assistant Secretary/Treasu)
  • Compensation: $600
  • Related: $4,708
  • Other: $0
Todd Cummings (Director)
  • Compensation: $850
  • Related: $4,876
  • Other: $0
Less Danielson (Director)
  • Compensation: $600
  • Related: $7,492
  • Other: $0
Peter Kleiman (Director)
  • Compensation: $600
  • Related: $10,218
  • Other: $0
Daniel Leischer (Director)
  • Compensation: $600
  • Related: $3,850
  • Other: $0
Karl Merow (Director)
  • Compensation: $1,200
  • Related: $5,593
  • Other: $0
Dan Reeson (Director)
  • Compensation: $450
  • Related: $3,944
  • Other: $0
Allan Cihlar (Director - Part Year)
  • Compensation: $200
  • Related: $1,338
  • Other: $0
Dwight Truttmann (Director - Part Year)
  • Compensation: $100
  • Related: $1,168
  • Other: $0
Tod Fleming (Coo)
  • Compensation: $0
  • Related: $27,254
  • Other: $1,439
Nancy Bilz (Vice President Of Finance)
  • Compensation: $0
  • Related: $95,341
  • Other: $23,462
Rob Meier (Vice President Of Informat)
  • Compensation: $0
  • Related: $98,755
  • Other: $24,893
David H Johnson (Vice President Of Marketin)
  • Compensation: $0
  • Related: $89,392
  • Other: $21,558
Gary Williams (Vice President Of Credit S)
  • Compensation: $0
  • Related: $92,738
  • Other: $21,741
Curt Larson (Ceo And President)
  • Compensation: $0
  • Related: $192,748
  • Other: $24,893
Mark Clarke (Coo)
  • Compensation: $0
  • Related: $110,236
  • Other: $7,435
Dave Calvert (Vice President Of Market Operations)
  • Compensation: $0
  • Related: $58,650
  • Other: $4,804


Official website here: www.equitycoop.com

Where can I find the form 990 for Equity Livestock Credit Corporation?

Equity Livestock Credit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.equitycoop.com

Learn more at the official website: www.equitycoop.com

Mission Statement of Equity Livestock Credit Corporation

Equity Livestock Credit Corporation, as a nonprofit organization, is dedicated to providing financing for producers engaged in feeder cattle operations. Its mission is to support these producers financially, enabling them to maintain, expand, and sustain their operations under specific tax codes, namely Section 521 and 501(C)(16). Through its financing services, Equity Livestock Credit Corporation contributes to the continuity and growth of feeder cattle operations, thereby supporting the broader agricultural sector. The organization's role is instrumental in ensuring that producers have the necessary financial resources to thrive in their operations, contributing to a stable and prosperous livestock industry.

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Impact




October, 2024

Equity Livestock Credit Corporation significantly impacts the agricultural sector by providing essential financing for producers involved in feeder cattle operations. In recent activities, the organization facilitated placements amounting to approximately $1,870,392. This financial support enables producers to not only maintain but also expand their operations, fostering growth and sustainability within the industry. By offering funding under specific code sections, Equity Livestock Credit Corporation plays a crucial role in enhancing the economic viability of feeder cattle producers, ultimately contributing to the stability and development of the food supply chain.




This information is meant to be a general summary of Equity Livestock Credit Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$487,290 (2022)
Expenses
$284,655 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $899
  • Program Service Revenue: $481,891
  • Gross Receipts: $487,290

Assets and Liabilities:

  • Total Assets: $7,621,196
  • Total Liabilities: $4,002,168
  • Net Assets: $3,619,028

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN INTEREST INCOME

Revenue

$411,246

SERVICE FEES

Revenue

$70,645

Organization Details

Founding Year

1992

Principal Officer

Curt Larson

Main Address

401 COMMERCE AVENUE PO BOX 1003, BARABOO, WI, 53913

NTEE Category

Code: K20 - Food

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