Alliance Grain Co. · Alliance Grain Co. is a farmer-owned cooperative ... Daughenbaugh, Grain ......
Transcript of Alliance Grain Co. · Alliance Grain Co. is a farmer-owned cooperative ... Daughenbaugh, Grain ......
Alliance Grain Co.
ANNUAL REPORT2012-2013
Agenda
Twenty-Second Annual Meeting
Alliance Grain Co.North Park Pavilion - Gibson City, Illinois
Tuesday, July 30, 2013 - Meeting at 5:00 PM
Call to Order . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CURT MEINER
Invocation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . REV . CORRINE BLISSARD
Meeting Notice & Certification of Quorum . . . . . . . . . . . . .DENNIS HELMERS
Introduction of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CURT MEINER
Financial Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TODD STEINBERG
Manager’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . JOE THOMPSON
Election Results, Chair of Nominations . . . . . . . . . . . . . . . . . . KEITH DEFRIES
Other Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CURT MEINER
Door Prizes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CURT MEINER
Adjournment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CURT MEINER
Dinner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BERNARDI’S II
Alliance Grain Co .Corporate Headquarters
1306 West 8th StreetGibson City, Illinois 60936
PH: 800-222-2451 FX: 217-784-8949www .Alliance-Grain .com
Mission stateMent
Alliance Grain Co. is a farmer-owned cooperative providing grain marketing and handling services focused on enhancing the profitability of its
farmer-owners while preserving the financial integrity of the cooperative.
Board of Directors
Dennis Helmers Secretary, District 9
Curt Meiner President, District 8
Bob ProvinDirector, District 1
Rick YoungDirector, District 2
David ButlerDirector, District 3
Doug BruckerTreasurer, District 4
Wayne Morrison Vice-President, District 10
Phillip Moritz Director, District 6
John HarrisDirector, District 7
Mark KerberDirector, District 10
2012 -
2013
2
Rodney LandauDirector, District 5
About Us
3
Established in 1991, Alliance Grain Co . is a farmer-owned elevator system that includes thirteen elevators throughout East Central Illinois . Alliance Grain has operations in Anchor, Bellflower, Cabery, Campus, Charlotte, Colfax, Cropsey, Cullom, Gibson City (West and Middle), Melvin, Saybrook and Sibley . Eight of these elevators are rail load-out accessible via the Bloomer Line railroad . Approximately 22 million bushels of grain can be stored at the thirteen locations .
On a daily basis, the services of Alliance Grain include grain storage, marketing assistance and off-farm hauling, to name a few, all at competitive prices . Being farmer-owned has helped us visualize all aspects of agricultural production . Shareholders (producers) elect board members from 10 districts . These 11 board members, with one at large, discuss the operations of the elevator and represent their district . This management system has kept Alliance Grain Cooperative thriving these last 20 years .
September 1991 - Alliance Grain Cooperative is formed with a consolidation vote from the shareholders of Anchor Grain Co . and The Farmer’s Grain of Gibson City .
April 1992 - Foosland Grain is acquired by contract with facilities at Foosland & Bellflower .
August 1994 - Farmer’s Grain of Charlotte and shareholders voted to merge with Alliance Grain Co .
September 1997 - The Cullom elevator is acquired from Tri-Central Coop .
July 2002 - The shareholders of Sibley Grain Co . voted to merge with Alliance Grain Co .
September 2002 - Alliance Grain Co . purchased the Hamilton Elevator, with facilities in Campus, Cabery and Sunbury . Sunbury was later sold .
June 2006 - Alliance Grain Co . purchased Ford Grain of Melvin to be the 13th Alliance location .
With 13 locations, Alliance Grain’s total capacity stands at over 22 million bushels . We are ready to serve you!
ALLIANCE GRAIN CO .BALANCE SHEET
as of May 31, 2013
assets
CURRENT ASSETS Cash and Short Term Investments 410,444 Receivables 8,943,899 Inventories 41,312,514 Prepaid Expenses 153,649 Total Current Assets $ 50,820,506
NON-CURRENT ASSETS Investments in other Corporations 4,103,636 Notes Receivable 1,750,000 Property, Plant & Equipment 24,735,694 Total Non-Current Assets $ 30,589,330
TOTAL ASSETS $ 81,409,836
LiaBiLities anD stoCKHoLDeRs eQUitY
CURRENT LIABILITIES Grain Payables 19,241,877 Other Payables 5,602,600 Notes Payable 14,844,056 Total Current Liabilities $ 39,688,533
LONG-TERM LIABILITIES Long Term Note Payable 9,644,800 Other Deferred Payables 3,196,605 Total Long-term Liabilities $ 12,841,405 TOTAL LIABILITIES $ 52,529,938
STOCKHOLDERS EQUITY Capital Stock & Credits $ 7,078,465 Retained Income $ 21,801,433 Total Stockholders Equity $ 28,879,898 TOTAL LIABILITIES & STOCKHOLDERS EQUITY $ 81,409,836
Balance Sheet
4
Statement of Income (Loss)ALLIANCE GRAIN CO .
STATEMENT OF INCOME (LOSS)12 months ended May 31, 2013
Volume (Bushels Sold) 52,393,856
Sales 440,750,594 Gross Trading Income $ 4,528,829
Service Income Grain Drying 2,432,310 Grain Storage & PL Charges 1,395,993 Rental Income 56,750 Other Income 203,273 Total Service Income $ 4,088,326 TOTAL GROSS INCOME $ 8,617,155
Operating Expenses People & Related Expenses 3,402,183 Facility Expenses 5,835,510 Administrative Expenses 758,558 Interest - Seasonal 589,707 Total Operating Expenses $ 10,585,958 NET OPERATING INCOME $ (1,968,803)
Other Income Income From Other Investments 91,200 Patronage Dividend Income 432,123 Income (Loss) from Subsidiaries (204,974) Total Other Income $ 318,349 NET INCOME (LOSS) BEFORE TAXES $ (1,650,454)
Federal and State Tax 642,369
NET INCOME (LOSS) AFTER TAXES $ (1,008,085)
BU
5
Changes in Financial PositionALLIANCE GRAIN CO .
STATEMENT OF CHANGES IN FINANCIAL POSITION12 months ended May 31, 2013
SOURCES OF WORKING CAPITAL Net Income for the Year (1,008,085) Add (Deduct) Items Not Affecting Working Capital: Depreciation & Amortization 2,799,985 Noncash Patronage Refund Received (106,799) Income Taxes Deferred (344,296) Joint Venture (Income) Loss 204,974 Working Capital Provided from Operations $ 1,545,779 Decrease in Long-Term Notes Receivable 250,000 Stock Redemptions 4,981 Term Debt Infusion 0
TOTAL SOURCES $ 1,800,760
USES OF WORKING CAPITAL Purchase of Property, Plant & Equipment 4,682,388 Retirement of Capital Stock 83,974 Retirement of Long-Term Debt 1,205,600 Other 0
TOTAL USES $ 5,971,962 INCREASE (DECREASE) IN WORKING CAPITAL $ (4,171,202)
WORKING CAPITAL - Beginning of Year $ 15,303,175
WORKING CAPITAL - END OF YEAR $ 11,131,973
This report is a condensation of our auditors long form report which is available for your inspection at our corporate office in Gibson City, or from any of our Directors . If you have any questions about this statement or our financial condition, any director or the manager would be happy to discuss them with you .
6
LOCATIONS
Anchor
Anchor Branch2W East Street
PO Box 128 Anchor, IL 61720-0128
PH: 309-723-2091FX: 309-723-2011
ABOVE: Teresa Steidinger, Grain Accounting Coordinator; Aimee Nugent, Office Manager;
Jonathan York, Operations Support; Garry Cole, Location Supervisor .
TOP: Continued construction at our Anchor facility . (June 2013)
8
Bellflower
Bellflower Branch305 East Melvin Street PO Box 167Bellflower, IL 61724PH: 309-722-3216FX: 309-722-3335
LEFT: Gary Meier, Location Supervisor; Chare Robinson, Office Manager
9
Cabery
Cabery Branch305 East Main
PO Box 171 Cabery, IL 60919
PH: 815-949-1672FX: 815-949-1661
RIGHT: Michael Riedel,
Location Supervisor
10
Campus
Campus Branch27896 North 3300 East Rd . PO Box 118 Campus, IL 60920PH: 815-567-3311FX: 815-567-3430
LEFT: Todd Ashman, Operations Support; Christine Graveson, Office Manager; Shawn Edwards, Location Supervisor
11
Charlotte
Charlotte Branch33573 East 1300 North Rd .
Chatsworth, IL 60921PH: 815-689-2673FX: 815-689-2525
ABOVE: Jamie Stein, Assistant Operations Manager . RIGHT: Shane
Puls, Operations Support; Gloria Hitchens, Office Manager; Jordan
Kintner, Operations Support
12
Colfax
Colfax Branch200 South Brook StreetPO Box 236Colfax, IL 61728PH: 309-723-2611 FX: 309-723-6090
LEFT: Dennis Farney, Location Supervisor; Jeff Grider, Grain Originator and AgriVisor Program; Marci Beitz, Office Manager
BOTTOM: Brandon Bose, Operations Support
13
Cropsey
Cropsey Branch103 South Main
PO Box 57Cropsey, IL 61731-0057
PH: 309-377-2141FX: 309-377-2018
ABOVE: Matt Dunn, Central Area Support
RIGHT: Branden Kruse, Location Support;
Bill Farmer, Location Supervisor;
Jessica McCabe, Office Manager
14
Cullom
Cullom Branch121 North Maple StreetPO Box 296Cullom, IL 60929PH: 815-689-2130FX: 815-689-2717
ABOVE: Brad Wallrich, Location Supervisor; Susan Deany, Office Manager; Mike Eimer, Operations Support
15
TOP OF PAGE: Cullom South . ABOVE: Cullom North
Gibson City - Middle & West
Gibson City - Middle220 West 8th Street
Gibson City, IL 60936PH: 217-784-5402FX: 217-784-5965
16
RIGHT: Dennis Angus, Middle Location
Supervisor; Myron Shelton,
Operations Support
BOTTOM: Ed Kirkpatrick,
Location Support; Brett Dunn, West
Location Supervisor
Gibson City - Middle & West
Corporate Office, Gibson City - West1306 West 8th StreetGibson City, IL 60936PH: 800-222-2451 / 217-784-4284FX: 217-784-8949
17
GIBSON CITY WEST STAFF: Joe Thompson, General Manager; Gary Allen, Operations Manager; J .B . Daughenbaugh, Grain Merchandiser; Todd Stein-berg, Controller . BACK ROW: Joy Boyce, Administrative Assistant; Bonnie Voyles, Administrative Assistant; Sue Ann Harsha, Administrative Assistant; Angela Beach, Administrative Assistant
LEFT: Adam Moritz, Grain Originator based at One Earth Energy
Melvin
Melvin Branch101 East Main Street
Melvin, IL 60952PH: 217-388-2261FX: 217-388-2855
ABOVE: Roger Ford, Operations Support; Kevin Redeker, Location Supervisor
18
Saybrook
Saybrook Branch509 South Washington StreetSaybrook, IL 61770PH: 309-475-3361FX: 217-388-2855
ABOVE: Tom Williamson, Location Supervisor
19
Sibley
Sibley Branch312 West Ohio Street
RR 1 Box 101KSibley, IL 61773
PH: 217-745-2336FX: 217-745-2505
20
RIGHT: Dan Farmer, Location Supervisor and
Bonnie Wurmnest, Office Manager
Transportation
Aaron Ricketts Richard Hammond
Roger Ford Kevin Redeker
21
Randy York Kevin Bazzell
Electrical & Maintenance
22
ABOVE: Tracy Grider,
Electrician
RIGHT: Joe Hayes and Chris Bach,
Maintenance
The Bloomer Line
23
The Bloomer Line, shown loading at our Charlotte, Gibson City and Cullom locations, hauled over 7,000 carloads of grain this past year .
Notes Location Map