← SOUTH DAKOTA BEEF INDUSTRY COUNCIL INC

Form 990 for tax year 2022

Filed by SOUTH DAKOTA BEEF INDUSTRY COUNCIL INC.

Totals

Total revenue: $3,526,234
Total expenses: $3,925,182
Contributions and grants received: $3,509,003
Grants paid: $600,662
Program service revenue: $0
Investment income: $3,174
Other revenue: $14,057
Total assets, end of year: $321,501
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $321,501
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): not reported

Program services were 0.0% 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.

1b · Membership dues

$3,509,003
3 · Investment income

total $3,174 · unrelated business $0 · excluded $3,174
11a · Other revenue: BEEF CERTS/BEEF BUCKS

total $6,530 · related or exempt $6,530 · unrelated business $0 · excluded $0
11b · Other revenue: MISC INCOME

total $7,527 · related or exempt $7,527 · unrelated business $0 · excluded $0
11e · Other revenue, total

$14,057

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $600,662 · program services $0
5 · Compensation of officers, directors and key employees

total $72,689 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $141,354 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $39,699 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $17,027 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $17,987 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $36,123 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $93,895 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $88,508 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $31,137 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $8,096 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $15,396 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $25,739 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $63,479 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $10,533 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $5,124 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: NATIONAL BOARDS

total $1,634,556 · program services $0 · management and general $0 · fundraising $0
24b · Other expenses: OTHER STATE BOARDS

total $550,042 · program services $0 · management and general $0 · fundraising $0
24c · Other expenses: BEEF PROMOTIONS

total $143,450 · program services $0 · management and general $0 · fundraising $0
24d · Other expenses: BEEF EDUCATION

total $329,686 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $700,699 · end of year $312,284
14 · Intangible assets

beginning of year $19,750 · end of year $9,217
31 · Retained earnings, endowment or other funds

beginning of year $720,449 · end of year $321,501

Mission and programs · 2022

Mission

TO COLLECT AND ADMINISTER THE $1 BEEF CHECKOFF PROGRAM FOR THE STATE OF SOUTH DAKOTA. THE BEEF CHECKOFF PROGRAM IS USED TO PROMOTE, EDUCATE AND PROVIDE RESEARCH FOR THE BENEFITS OF BEEF.

COLLECTS AND ADMINISTERS THE $1 BEEF CHECKOFF ON CATTLE SOLD IN SOUTH DAKOTA. CHECKOFF DOLLARS ARE UTILIZED STRICTLY FOR PROMOTION, EDUCATION, OR RESEARCH PROGRAMS. 50 CENTS OF EVERY DOLLAR IS DIRECTED TO THE CATTLEMEN'S BEEF BOARD, WHICH OVERSEES THE NATIONAL CHECKOFF PROGRAM AND IS RESPONSIBLE FOR THE CERTIFICATION OF QUALIFIED STATE BEEF COUNCILS. 50 CENTS OF EACH DOLLAR COLLECTED IS RETAINED AND A PORTION MAY BE INVESTED IN THE NATIONAL CHECKOFF PROGRAMS THROUGH THE FEDERATION DIVISION OF THE NATIONAL CATTLEMEN'S BEEF ASSOCIATION TO FURTHER EXTEND NATIONAL AND INTERNATIONAL BEEF PROMOTIONAL EFFORTS WITH A UNIFIED STATE-NATIONAL PARTNERSHIP.

As filed on the 2022 return.

Listed in Part VII

Gary DeeringGARY DEERING

PRESIDENT

Total calculated

$0

Hours/week

1
Kent VanderwalKENT VANDERWAL

TREASURER

Total calculated

$0

Hours/week

2
Carl SandersCARL SANDERS

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Les ShawLES SHAW

DIRECTOR

Total calculated

$0

Hours/week

1
Randy VolmerRANDY VOLMER

DIRECTOR

Total calculated

$0

Hours/week

1
Josh GeigleJOSH GEIGLE

DIRECTOR

Total calculated

$0

Hours/week

1
Christina ChristensenCHRISTINA CHRISTENSEN

DIRECTOR

Total calculated

$0

Hours/week

1
Mike GebhartMIKE GEBHART

DIRECTOR

Total calculated

$0

Hours/week

1
Marshall EdlemanMARSHALL EDLEMAN

DIRECTOR

Total calculated

$0

Hours/week

1
Justin TupperJUSTIN TUPPER

DIRECTOR

Total calculated

$0

Hours/week

1
Todd MortensonTODD MORTENSON

DIRECTOR

Total calculated

$0

Hours/week

1
Kelsey GeraetsKELSEY GERAETS

DIRECTOR

Total calculated

$0

Hours/week

1
Laurie JohnsonLAURIE JOHNSON

DIRECTOR

Total calculated

$0

Hours/week

1
Becky LittauBECKY LITTAU

DIRECTOR

Total calculated

$0

Hours/week

1
Danielle KartakDANIELLE KARTAK

DIRECTOR

Total calculated

$0

Hours/week

1
Erin YostERIN YOST

DIRECTOR

Total calculated

$0

Hours/week

1
Chris EfflingCHRIS EFFLING

DIRECTOR

Total calculated

$0

Hours/week

1
David ReisDAVID REIS

DIRECTOR

Total calculated

$0

Hours/week

1
Eric SumptionERIC SUMPTION

DIRECTOR

Total calculated

$0

Hours/week

1
Lance PerionLANCE PERION

DIRECTOR

Total calculated

$0

Hours/week

1
Jodie AndersonJODIE ANDERSON

EXECUTIVE DIRECTOR

Total calculated

$72,689

From this org

$72,689

From related orgs

$0

Other

$0

Hours/week

40
Veabea ThomasVEABEA THOMAS

DIRECTOR

Total calculated

$0

Hours/week

1
Casey PermanCASEY PERMAN

DIRECTOR

Total calculated

$0

Hours/week

1
Emily PetersonEMILY PETERSON

DIRECTOR

Total calculated

$0

Hours/week

1
Amy BlumAMY BLUM

DIRECTOR

Total calculated

$0

Hours/week

1

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.

Grants on this return

BEEF LOGIC INC

$250,000

EDUCATION
SOUTH DAKOTA STATE UNIVERSITY

$155,662

RESEARCH
NEW YORK BEEF INDUSTRY COUNCIL

$150,000

EDUCATION
NORTHEAST BEEF PROMO INITIATIVE

$35,000

EDUCATION
PENNSYLVANIA BEEF COUNCIL

$10,000

EDUCATION

Provenance

Return type: form_990
Tax year: 2022
Filed: 3 August 2024
IRS schema version: 2022v5.0
Source object: 202432269349301633

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