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 FreemanPATTERSON FREEMAN
BOARD MEMBER, CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.5
-
Tom BarnettTOM BARNETT
BOARD MEMBER, VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1.5
-
Zane VanoverZANE VANOVER
BOARD MEMBER, TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
Jay YearginJAY YEARGIN
BOARD MEMBER, SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5
-
John BradleyJOHN BRADLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer HoustonJENNIFER HOUSTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Larry CunninghamLARRY CUNNINGHAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim LigonJIM LIGON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dustin PearsonDUSTIN PEARSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul MossPAUL MOSS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Richard BrownRICHARD BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marty GambelMARTY GAMBEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Valerie BassVALERIE 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
-
FUND PROGRAMS TO PROMOTE BEEF
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.
-
BEEF EDUCATION AND ENHANCEMENT FOUNDATION INC
501(C)(3) · EDUCATE PEOPLE ABOUT THE PREPARATION OF BEEF AND HOW CATTLE ARE RAISED · TN
Directly controlled by TENNESSEE BEEF INDUSTRY COUNCIL INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440299349302064
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