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Nonprofiteer
← ANGUS FOUNDATION

Form 990 for tax year 2023

Filed by ANGUS FOUNDATION.

Totals

Total revenue
$1,803,679
Total expenses
$1,437,011
Contributions and grants received
$747,405
Grants paid
$691,579
Program service revenue
$0
Investment income
$892,861
Other revenue
$163,413
Total assets, end of year
$27,658,145
Total liabilities, end of year
$172,453
Net assets or fund balances, end of year
$27,485,692
Program services expenses (Part IX)
$887,502
Management and general expenses
$298,704
Fundraising expenses
$250,805
Program service expenses (Part III)
$887,502

Program services were 61.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $152,817

  • 1d · Related organizations

    $20,000

  • 1f · All other contributions, gifts and grants

    $574,588

  • 1g · Noncash contributions included above

    $57,573

  • 3 · Investment income

    total $1,096,267 · excluded $1,096,267

  • 5 · Royalties

    total $155,509 · excluded $155,509

  • 7a · Gross sales of assets other than inventory

    securities $801,838

  • 7b · Less cost or other basis and sales expenses

    securities $1,005,244

  • 7c · Gain or loss

    securities -$203,406

  • 7d · Net gain or loss

    total -$203,406 · excluded -$203,406

  • 8a · Fundraising events: gross income

    $46,943

  • 8a · Fundraising events: contributions included on line 1c

    $152,817

  • 8b · Fundraising events: direct expenses

    $69,528

  • 8c · Net income from fundraising events

    total -$22,585 · excluded -$22,585

  • 10a · Gross sales of inventory

    $95,133

  • 10b · Cost of goods sold

    $64,895

  • 10c · Net income from sales of inventory

    total $30,238 · excluded $30,238

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $251 · excluded $251

  • 11e · Other revenue, total

    $251

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $303,079 · program services $303,079

  • 2 · Grants to domestic individuals

    total $388,500 · program services $388,500

  • 5 · Compensation of officers, directors and key employees

    total $136,879 · management and general $58,249 · fundraising $78,630

  • 7 · Other salaries and wages

    total $92,004 · management and general $31,734 · fundraising $60,270

  • 8 · Pension plan contributions

    total $7,652 · management and general $4,494 · fundraising $3,158

  • 9 · Other employee benefits

    total $36,213 · management and general $22,017 · fundraising $14,196

  • 10 · Payroll taxes

    total $16,118 · management and general $9,838 · fundraising $6,280

  • 11b · Fees: legal

    total $433 · management and general $433

  • 11c · Fees: accounting

    total $30,352 · management and general $30,352

  • 11f · Fees: investment management

    total $47,707 · management and general $47,707

  • 11g · Fees: other

    total $16,850 · program services $16,850

  • 12 · Advertising and promotion

    total $5,210 · program services $76 · management and general $134 · fundraising $5,000

  • 13 · Office expenses

    total $12,953 · program services $855 · management and general $9,910 · fundraising $2,188

  • 14 · Information technology

    total $9,608 · management and general $9,488 · fundraising $120

  • 16 · Occupancy

    total $40,200 · management and general $40,200

  • 17 · Travel

    total $48,882 · management and general $5,453 · fundraising $43,429

  • 19 · Conferences, conventions and meetings

    total $43,208 · management and general $6,683 · fundraising $36,525

  • 23 · Insurance

    total $18,442 · management and general $18,442

  • 24a · Other expenses: SPONSORSHIP

    total $177,794 · program services $177,794

  • 24b · Other expenses: LITERATURE

    total $3,897 · management and general $2,888 · fundraising $1,009

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $1,030 · program services $348 · management and general $682

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,395 · end of year $186,752

  • 2 · Savings and temporary cash investments

    beginning of year $1,003,627 · end of year $287,265

  • 3 · Pledges and grants receivable

    beginning of year $413,412 · end of year $259,350

  • 4 · Accounts receivable

    beginning of year $924 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $34,140 · end of year $119,620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,107 · end of year $25,711

  • 11 · Investments: publicly traded securities

    beginning of year $22,410,287 · end of year $26,779,447

  • 17 · Accounts payable and accrued expenses

    beginning of year $249,281 · end of year $172,453

  • 27 · Net assets without donor restrictions

    beginning of year $4,934,788 · end of year $5,786,323

  • 28 · Net assets with donor restrictions

    beginning of year $18,728,823 · end of year $21,699,369

Mission and programs · 2023

Mission

THE ANGUS FOUNDATION, THE 501(C)(3) NOT-FOR-PROFIT AFFILIATE OF THE AMERICAN ANGUS ASSOCIATION, SECURES AND STEWARDS CHARITABLE GIFTS TO CULTIVATE AND FOSTER THE ADVANCEMENT OF EDUCATION, YOUTH AND RESEARCH ACTIVITIES BENEFITING THE ANGUS BREED.

Activities or mission (Part I)

ADVANCEMENT OF EDUCATION, YOUTH, AND RESEARCH ACTIVITIES FOR ANGUS BREED

  • SUPPORT AND SPONSOR THE NATIONAL JUNIOR ANGUS ASSOCIATION, YOUTH BEEF INDUSTRY CONGRESS, YOUNG CATTLEMAN'S CONFERENCE, AND OTHER PROGRAMS AND EVENTS. BEEF ACADEMY IS A NEW, GO-TO RESOURCE FOR BEEF INDUSTRY INFORMATION, TAILORED TO NATIONAL JUNIOR ANGUS ASSOCIATION (NJAA) MEMBERS' NEEDS.

    Expenses $463,002 · Grants $267,079

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $388,500 · Grants $388,500

  • PROVIDE FUNDING FOR RESEARCH PROJECTS TO IDENTIFY POSSIBLE SOLUTIONS TO THE UNIQUE CHALLENGES INCURRED BY AGRICULTURAL INTERESTS, SPECIFICALLY THE BEEF CATTLE INDUSTRY.

    Expenses $36,000 · Grants $36,000

As filed on the 2023 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • MCCULLY MARK

    VICE-CHAIR

    Total calculated
    $434,124
    From this org
    $0
    From related orgs
    $392,799
    Other
    $41,325
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,852 related
    Bonus
    $0 + $80,000 related
    Other
    $0 + $30,947 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $8,325 related
    Filer's total
    $0 + $434,124 related

  • MILLER KENNY

    SECRETARY

    Total calculated
    $258,145
    From this org
    $0
    From related orgs
    $230,679
    Other
    $27,466
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,288 related
    Bonus
    $0 + $35,000 related
    Other
    $0 + $23,391 related
    Deferred
    $0 + $23,381 related
    Nontaxable benefits
    $0 + $4,085 related
    Filer's total
    $0 + $258,145 related

  • MEAD ALAN

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • EGGERS DARLA

    OUTSIDE REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.5

  • GOSSEN LARRY

    OUTSIDE REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.5

  • MCGINNIS TOM

    OUTSIDE REPRESENTATIVE

    Total calculated
    $0
    Hours/week
    0.5

  • MCCURRY GREG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • WILSON LORAN B

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • SMITH HENRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • UPPERMAN JACLYN

    EXECUTIVE DIRECTOR

    Total calculated
    $129,032
    From this org
    $111,345
    From related orgs
    $0
    Other
    $17,687
    Hours/week
    40 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE FOUNDATION PROVIDES TRAVEL REIMBURSEMENTS FOR TRAVEL OF SPOUSES TO BOARD MEETINGS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
22 July 2025
IRS schema version
2023v6.0
Source object
202502039349301870

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