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Nonprofiteer
← TENNESSEE BEEF INDUSTRY COUNCIL INC

Form 990 for tax year 2022

Filed by TENNESSEE BEEF INDUSTRY COUNCIL INC.

Totals

Total revenue
$840,913
Total expenses
$832,684
Contributions and grants received
$0
Grants paid
$46,000
Program service revenue
$787,375
Investment income
$30,786
Other revenue
$22,752
Total assets, end of year
$1,270,172
Total liabilities, end of year
$78,330
Net assets or fund balances, end of year
$1,191,842
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: ASSESSMENTS

    total $787,375 · related or exempt $787,375

  • 3 · Investment income

    total $8,175 · excluded $8,175

  • 6a · Gross rents

    real property $36,596

  • 6b · Less rental expenses

    real property $13,844

  • 6c · Rental income or loss

    real property $22,752

  • 6d · Net rental income or loss

    total $22,752 · excluded $22,752

  • 7a · Gross sales of assets other than inventory

    other assets $23,000

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

    other assets $389

  • 7c · Gain or loss

    other assets $22,611

  • 7d · Net gain or loss

    total $22,611 · related or exempt $22,611

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,000

  • 5 · Compensation of officers, directors and key employees

    total $149,601

  • 7 · Other salaries and wages

    total $134,015

  • 8 · Pension plan contributions

    total $7,076

  • 9 · Other employee benefits

    total $13,058

  • 10 · Payroll taxes

    total $20,242

  • 11c · Fees: accounting

    total $22,402

  • 11g · Fees: other

    total $2,677

  • 12 · Advertising and promotion

    total $149,033

  • 13 · Office expenses

    total $23,684

  • 16 · Occupancy

    total $27,260

  • 17 · Travel

    total $28,622

  • 19 · Conferences, conventions and meetings

    total $15,929

  • 22 · Depreciation, depletion and amortization

    total $30,026

  • 24a · Other expenses: MATERIALS AND SUPPLIES

    total $109,563

  • 24b · Other expenses: PROGRAM EXPENSES

    total $53,496

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $767,359 · end of year $645,022

  • 2 · Savings and temporary cash investments

    beginning of year $100,550 · end of year $104,007

  • 4 · Accounts receivable

    beginning of year $103,950 · end of year $123,733

  • 10a · Land, buildings and equipment: cost or other basis

    $795,366

  • 10b · Land, buildings and equipment: accumulated depreciation

    $419,424

  • 10c · Land, buildings and equipment, net

    beginning of year $279,235 · end of year $375,942

  • 15 · Other assets

    beginning of year $20,217 · end of year $21,468

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,361 · end of year $760

  • 19 · Deferred revenue

    beginning of year $2,650 · end of year $2,650

  • 25 · Other liabilities

    beginning of year $63,687 · end of year $74,920

  • 27 · Net assets without donor restrictions

    beginning of year $1,183,613 · end of year $1,191,842

Mission and programs · 2022

Mission

TO EFFECTIVELY MAINTAIN AND BUILD DEMAND FOR BEEF IN TENNESSEE, NATIONALLY AND INTERNATIONALLY BY SUPPORTING AND EXTENDING STATE AND NATIONAL MARKET DEVELOPMENT PROGRAMS. THEREBY, ASSISTING U.S. BEEF INDUSTRY PARTICIPANTS TO PROSPER AMID GROWING GLOBAL COMPETITION BY SOLIDIFYING BEEF'S POSITION AS THE WORLD'S MOST PERFERRED PROTEIN.

Activities or mission (Part I)

PROMOTE BEEF & BEEF PRODUCTS BY MEDIA, PROMOTION & ADVERTISING, TRADE SHOWS, CONVENTIONS & SEMINARS.

  • INFORMATION FUNCTION:1) PROVIDE MATERIALS AT TENNESSEE DIETETICS ASSOCIATION CONVENTION AND OTHER HEATH FOCUSED MEETINGS2) PROVIDE TRAINING, EDUCATIONAL KITS AND OTHER RESOURCES TO HEALTH COORDINATORS, GRADUATING EDUCATORS, AND CONSUMERS3) PROVIDE HEALTH FOOD EDITORS/FOOD PROFESSIONALS WITH RESOURCES (PRESS RELEASES, TIMELY RECIPES) ABOUT CONSUMER BEEF INFORMATION4) CREATE SCHOOL FOODSERVICE OPPORTUNITIES FOR BEEF PROMOTION5) AG IN THE CLASSROOM TRAINING; PROMOTION THROUGH FARM BUREAU; PROVIDED TEACHING KITS TO TEACHERS TO USE IN THEIR CLASSES TO PROMOTE HEALTHY EATING HABITS6) COUNTY FARM FIELD DAYS FOR CHILDREN; PROVIDED EDUCATIONAL MATERIALS7) WORK WITH INDUSTRY PARTNERS TO ESTABLISH EDUCATION AND OUTREACH PROGRAMS USING BEEF AMBASSADOR, MASTERS OF BEEF ADVOCACY, AND SOCIAL MEDIA8) PARTICIPATE IN CONSUMER EXHIBITS, PROMOTIONS, TRADE SHOWS, AND EVENTS THAT MAXIMIZE VISIBILITY AND EDUCATIONAL OPPORTUNITIES FOR BEEF INFORMATION9) HOST 4-6 COOKING CLASSES/DEMONSTRATIONS IN DEMO KITCHEN FOR COMMUNITY AND SPECIAL GROUPS10) HOST GUEST CHEF APPEARANCES IN DEMO KITCHEN AND POST ON OUR WEBSITE11) PURCHASE AND DISTRIBUTE CONSUMER INFORMATION AND GIVE-A-WAYS (RECIPES, COOKBOOKS, CAPS, APRONS, CUTTING BOARDS, STICKERS, ETC.)12) PROMOTE JULY BEEF MONTH TO HIGHLIGHT BEEF'S POSITIVE ROLE IN A HEALTHY DIET

  • PROMOTION FUNCTION:RETAIL/FOODSERVICE1) SPONSOR UT BEEF DAY WITH RADIO ADS2) WORK TO ENGAGE CHEFS AND CULINARY SCHOOLS WITH INFORMATIVE EDUCATIONAL MATERIALS AND EVENTS

  • INDUSTRY RELATIONS:1) BEEF DAYS WITH INDUSTRY AND CONSUMER GROUPS2) YEAR-END BUYER'S CARDS SUPPLIES TO STOCK YARDS3) MONITOR STATE AND NATIONAL INDUSTRY ISSUES AND RESPOND TO LOCAL MEDIA WITH CURRENT AND FACTUAL INFORMATION AS NECESSARY. RELAY LOCAL ISSUES TO NCBA. 4) UPDATE TBIC DIRECTORS AND INDUSTRY LEADERS TO CURRENT ISSUES AND RELAY UNIFIED INDUSTRY MESSAGES5) INFORM INDUSTRY ORGANIZATIONS AND INDIVIDUAL PRODUCERS ABOUT THE BEEF CHECKOFF PROGRAM THROUGH PRESS RELEASES, NEWSLETTERS, AND ANNUAL REPORTS

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patterson Freeman

    BOARD MEMBER, CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5
  • Tom Barnett

    BOARD MEMBER, VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1.5
  • Zane Vanover

    BOARD MEMBER, TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Jay Yeargin

    BOARD MEMBER, SECRETARY

    Total calculated
    $0
    Hours/week
    1.5
  • John Bradley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Houston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Larry Cunningham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jim Ligon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dustin Pearson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Paul Moss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Richard Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marty Gambel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Valerie Bass

    EXECUTIVE DIRECTOR

    Total calculated
    $153,944
    From this org
    $119,670
    From related orgs
    $0
    Other
    $34,274
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,670
    Bonus
    $0
    Other
    $0
    Deferred
    $4,991
    Nontaxable benefits
    $29,283
    Filer's total
    $153,944

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

  • 3 · Written employment contract
  • 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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
29 January 2024
IRS schema version
2022v5.0
Source object
202440299349302064

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