National Livestock Credit Corporation

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

EIN: 730369300 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(16)

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Overview

What is National Livestock Credit Corporation?

The National Livestock Credit Corporation, located in Oklahoma City, Oklahoma, is a nonprofit organization dedicated to supporting its members in the cattle industry. Their primary mission is to provide financing options, enabling members to borrow funds for the purpose of purchasing cattle. With a commitment to the overall success of the cattle industry and its participants, the corporation boasts a workforce of 30 individuals.


Official website here: www.nationallivestock.com

Is National Livestock Credit Corporation legitimate?

National Livestock Credit Corporation is a legitimate nonprofit organization registered as a 501(c)(16) entity. National 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: $686,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $952,870

For more financial information, click here


Official website here: www.nationallivestock.com

What is the mission statement of National Livestock Credit Corporation?

The National Livestock Credit Corporation is dedicated to supporting the success of the cattle industry and its participants. Their primary activity involves providing funds for borrowing purposes, enabling their member base to purchase cattle. This commitment is underpinned by their mission to contribute positively to the cattle industry and its stakeholders. The corporation aims to facilitate financial access, thereby playing a crucial role in the cattle market. By offering borrowing funds, they contribute to the growth and sustainability of the cattle industry, ensuring the continuity of its participants.


Official website here: www.nationallivestock.com

Who is the CEO of National Livestock Credit Corporation?

Craig Crabb is the Ceo of National Livestock Credit Corporation. The CEO's salary of National Livestock Credit Corporation is $15,917 and their total compensation is $15,917.


Official website here: www.nationallivestock.com

What is the revenue of National Livestock Credit Corporation?

National Livestock Credit Corporation's revenue in 2022 was $10,245,961.


Official website here: www.nationallivestock.com

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

The average compensation at National Livestock Credit Corporation during 2022 was $54,658. There are 30 employees at National Livestock Credit Corporation.


Here are 15 key members and their salaries (National Livestock Credit Corporation's CEO's salary is $15,917 and their total compensation is $15,917):


J Robert York (Ceo)
  • Compensation: $15,917
  • Related: $0
  • Other: $0
Kurtis Ward (Exec Vp/Sec/)
  • Compensation: $60,227
  • Related: $0
  • Other: $0
Jon Rich (President)
  • Compensation: $268,444
  • Related: $0
  • Other: $26,000
Craig Crabb (Vp/Cfo/Treas)
  • Compensation: $9,138
  • Related: $0
  • Other: $0
David Tague (Vp/Loan Offi)
  • Compensation: $143,342
  • Related: $0
  • Other: $11,386
Chris Carroll (Vp/Coo)
  • Compensation: $144,687
  • Related: $0
  • Other: $7,741
Eric Chapman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Elmenhorst (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Foris (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Harmon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Hauser (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Howard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Corwin Petzold (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Wattenbarger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nationallivestock.com

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

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


Official website here: www.nationallivestock.com

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

Mission Statement of National Livestock Credit Corporation

National Livestock Credit Corporation, in its mission, is dedicated to supporting the success of the cattle industry and its participants. One of the ways it achieves this is by providing funds for borrowing purposes to its members, enabling them to purchase cattle. This commitment to financial assistance is essential for the growth and sustainability of the cattle industry, ensuring that its participants have the necessary resources to thrive. The corporation's activities are rooted in its belief that a strong and prosperous cattle industry benefits everyone involved, from farmers and ranchers to consumers.

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Impact




October, 2024

The National Livestock Credit Corporation significantly impacts the cattle industry by providing essential funding to its members for purchasing cattle. Based in Oklahoma City, this organization plays a vital role in enhancing the financial resources available to those involved in the cattle business. By facilitating access to credit, it allows members to make strategic investments that can improve their operations and contribute to the overall success of the industry.

This commitment to supporting cattle producers not only strengthens the livelihoods of individuals involved but also bolsters the broader agricultural economy. Moreover, the availability of financial assistance helps ensure a stable supply chain within the cattle sector, ultimately benefiting consumers and supporting food security initiatives. Through its financing activities, the National Livestock Credit Corporation is integral to promoting growth and sustainability in the cattle industry.




This information is meant to be a general summary of National 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
$10,245,961 (2022)
Expenses
$7,806,385 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $644,466
  • Program Service Revenue: $8,585,713
  • Gross Receipts: $10,263,260

Assets and Liabilities:

  • Total Assets: $171,248,279
  • Total Liabilities: $128,449,269
  • Net Assets: $42,799,010

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Programs

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

INTEREST INCOME

Revenue

$8,585,713

Organization Details

Founding Year

1932

Principal Officer

Craig Crabb

Main Address

2501 EXCHANGE AVE STE 103, OKLAHOMA CITY, OK, 73108

NTEE Category

Code: K20 - Food

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