Overview
What is Anderson County Youth Livestock Association Inc?
Anderson County Youth Livestock Association Inc is a nonprofit organization based in Palestine, Texas. Its primary focus is to foster youth interest in agriculture by hosting an annual livestock auction for animals raised by participating youth, adhering to specific show guidelines. The proceeds from the auction, along with other related activities, are primarily returned to the youth participants, after accounting for operating expenses, to cover their educational expenses. Additionally, scholarships are awarded from the funds raised, providing financial aid for further education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
The Anderson County Youth Livestock Association Inc has received a 71% rating from Charity Navigator, reflecting a Two-Star designation. This score indicates an average performance among charities, with strengths particularly in accountability and finance measures. The organization has a fully independent board and shows no material diversion of assets, which speaks to its governance integrity.
The organization excels in its financial management, boasting a program expense ratio of 98.35%. This suggests that the majority of its resources are being effectively directed towards its charitable program activities, which is a positive indicator for donor confidence. The board's commitment to documenting meeting minutes and having a conflict of interest policy adds to its operational transparency.
However, despite these strengths, the overall rating suggests there may be areas for improvement. A Two-Star rating generally indicates that while the organization is performing adequately, it does not meet the highest benchmarks set by Charity Navigator. Continued efforts to enhance performance and transparency could benefit the organization and its stakeholders in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Anderson County Youth Livestock Association Inc legitimate?
Anderson County Youth Livestock Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anderson County Youth Livestock Association Inc 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.
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What is the mission statement of Anderson County Youth Livestock Association Inc?
The Anderson County Youth Livestock Association Inc fosters young individuals' interest in agriculture by organizing an annual livestock auction. Participants, who raise their own animals within specific guidelines, benefit from the auction's proceeds and related activities. A small portion of these funds is set aside for operating expenses, while the remaining amount is allocated towards the participants' educational expenses. Scholarships are also awarded from the accumulated funds. In essence, this organization serves to encourage youth involvement in agriculture, supporting their education financially and academically.
Who is the CEO of Anderson County Youth Livestock Association Inc?
Michael Bennett is the President of Anderson County Youth Livestock Association Inc.
What is the revenue of Anderson County Youth Livestock Association Inc?
Anderson County Youth Livestock Association Inc's revenue in 2022 was $714,930.
Who are the executives of Anderson County Youth Livestock Association Inc and what are their salaries?
There 35 volunteers at Anderson County Youth Livestock Association Inc.
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Where can I find the form 990 for Anderson County Youth Livestock Association Inc?
Anderson County Youth Livestock Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Anderson County Youth Livestock Association Inc
Anderson County Youth Livestock Association Inc fosters youth interest in agriculture by organizing an annual livestock auction. Young participants raise animals within specific show guidelines, and the proceeds from this event, along with related activities, are primarily allocated to the youth participants. A small percentage is set aside for operating expenses, with the remaining funds being utilized for the participants' educational expenses. Furthermore, the organization awards scholarships from the funds raised, continuing its commitment to supporting the academic growth of its young members. By engaging in these activities, Anderson County Youth Livestock Association Inc empowers its youth participants to develop a deeper connection with agriculture, providing them with opportunities for both financial assistance and educational advancement.
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Impact
July, 2024
Anderson County Youth Livestock Association Inc's impact can be seen in its dedication to promoting youth interest in agriculture through its annual livestock auction. By providing a platform for youth participants to showcase and sell animals they have raised within specified show guidelines, the organization not only fosters a love for agriculture but also supports the educational aspirations of these young individuals. The proceeds from the auction, after deducting a small percentage for operating expenses, go directly towards the education expenses of the participants. Additionally, scholarships are awarded from the funds raised, further enhancing the impact of the organization on the lives of the youth involved. Through these initiatives, Anderson County Youth Livestock Association Inc contributes significantly to the development and growth of young individuals with a passion for agriculture.
This information is meant to be a general summary of Anderson County Youth Livestock Association Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $209
- Program Service Revenue: $648,478
- Gross Receipts: $865,128
Assets and Liabilities:
- Total Assets: $642,904
- Total Liabilities: $0
- Net Assets: $642,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
YOUTH LIVESTOCK AUCTION
Revenue
$645,418
RAFFLE
Revenue
$3,060
Organization Details
Founding Year
1989
Phone
(903) 729-8046Principal Officer
Michael Bennett
Main Address
PO BOX 59, PALESTINE, TX, 75802
NTEE Category
Code: O52 - Youth development
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