Totals
- Total revenue
- $2,315,376
- Total expenses
- $1,424,320
- Contributions and grants received
- $1,122,174
- Grants paid
- $810,389
- Program service revenue
- $0
- Investment income
- $1,017,242
- Other revenue
- $175,960
- Total assets, end of year
- $23,912,892
- Total liabilities, end of year
- $249,281
- Net assets or fund balances, end of year
- $23,663,611
- Program services expenses (Part IX)
- $926,764
- Management and general expenses
- $277,998
- Fundraising expenses
- $219,558
- Program service expenses (Part III)
- $926,764
Program services were 65.1% 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
$207,942
-
1d · Related organizations
$140,000
-
1f · All other contributions, gifts and grants
$774,232
-
1g · Noncash contributions included above
$113,717
-
3 · Investment income
total $978,943 · excluded $978,943
-
5 · Royalties
total $184,616 · excluded $184,616
-
7a · Gross sales of assets other than inventory
securities $2,241,132
-
7b · Less cost or other basis and sales expenses
securities $2,202,833
-
7c · Gain or loss
securities $38,299
-
7d · Net gain or loss
total $38,299 · excluded $38,299
-
8a · Fundraising events: gross income
$126,836
-
8a · Fundraising events: contributions included on line 1c
$207,942
-
8b · Fundraising events: direct expenses
$145,604
-
8c · Net income from fundraising events
total -$18,768 · excluded -$18,768
-
10a · Gross sales of inventory
$52,659
-
10b · Cost of goods sold
$42,547
-
10c · Net income from sales of inventory
total $10,112 · excluded $10,112
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $459,764 · program services $459,764
-
2 · Grants to domestic individuals
total $350,625 · program services $350,625
-
5 · Compensation of officers, directors and key employees
total $132,070 · management and general $55,958 · fundraising $76,112
-
7 · Other salaries and wages
total $58,209 · management and general $30,158 · fundraising $28,051
-
8 · Pension plan contributions
total $5,868 · management and general $3,763 · fundraising $2,105
-
9 · Other employee benefits
total $24,271 · management and general $15,327 · fundraising $8,944
-
10 · Payroll taxes
total $13,391 · management and general $8,444 · fundraising $4,947
-
11c · Fees: accounting
total $28,985 · management and general $28,985
-
11f · Fees: investment management
total $55,071 · management and general $55,071
-
11g · Fees: other
total $2,350 · program services $2,000 · fundraising $350
-
12 · Advertising and promotion
total $7,847 · fundraising $7,847
-
13 · Office expenses
total $15,961 · program services $913 · management and general $5,972 · fundraising $9,076
-
14 · Information technology
total $8,246 · management and general $7,896 · fundraising $350
-
16 · Occupancy
total $40,200 · management and general $40,200
-
17 · Travel
total $38,509 · management and general $6,399 · fundraising $32,110
-
19 · Conferences, conventions and meetings
total $35,093 · fundraising $35,093
-
23 · Insurance
total $19,825 · management and general $19,825
-
24a · Other expenses: SPONSORSHIP
total $93,462 · program services $93,462
-
24b · Other expenses: BAD DEBT EXPENSE
total $20,000 · program services $20,000
-
24c · Other expenses: LITERATURE
total $14,573 · fundraising $14,573
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $224,248 · end of year $18,395
-
2 · Savings and temporary cash investments
beginning of year $776,881 · end of year $1,003,627
-
3 · Pledges and grants receivable
beginning of year $492,680 · end of year $413,412
-
4 · Accounts receivable
beginning of year $286 · end of year $924
-
8 · Inventories for sale or use
beginning of year $11,071 · end of year $34,140
-
9 · Prepaid expenses and deferred charges
beginning of year $17,931 · end of year $32,107
-
11 · Investments: publicly traded securities
beginning of year $20,685,558 · end of year $22,410,287
-
17 · Accounts payable and accrued expenses
beginning of year $94,891 · end of year $249,281
-
27 · Net assets without donor restrictions
beginning of year $4,266,653 · end of year $4,934,788
-
28 · Net assets with donor restrictions
beginning of year $17,847,111 · end of year $18,728,823
Mission and programs · 2022
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.
Expenses $463,529 · Grants $347,154
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $350,625 · Grants $350,625
-
PROVIDE FUNDING FOR RESEARCH PROJECTS TO IDENTIFY POSSIBLE SOLUTIONS TO THE UNIQUE CHALLENGES INCURRED BY AGRICULTURAL INTERESTS, SPECIFICALLY THE BEEF CATTLE INDUSTRY.
Expenses $112,610 · Grants $112,610
As filed on the 2022 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 MarkMCCULLY MARK
VICE-CHAIR
- Total calculated
- $424,764
- From this org
- $0
- From related orgs
- $376,514
- Other
- $48,250
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $274,048 related
- Bonus
- $0 + $74,500 related
- Other
- $0 + $27,966 related
- Deferred
- $0 + $30,500 related
- Nontaxable benefits
- $0 + $17,750 related
- Filer's total
- $0 + $424,764 related
-
Miller KennyMILLER KENNY
SECRETARY
- Total calculated
- $259,082
- From this org
- $0
- From related orgs
- $231,706
- Other
- $27,376
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,941 related
- Bonus
- $0 + $41,375 related
- Other
- $0 + $21,390 related
- Deferred
- $0 + $23,463 related
- Nontaxable benefits
- $0 + $3,913 related
- Filer's total
- $0 + $259,082 related
-
Dyar RichardDYAR RICHARD
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Bennett PaulBENNETT PAUL
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Eggers DarlaEGGERS DARLA
OUTSIDE REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Gossen LarryGOSSEN LARRY
OUTSIDE REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
McGinnis TomMCGINNIS TOM
OUTSIDE REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Ahearn MarkAHEARN MARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
McCurry GregMCCURRY GREG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Wilson Loran BWILSON LORAN B
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
Upperman JaclynUPPERMAN JACLYN
EXECUTIVE DIRECTOR
- Total calculated
- $123,099
- From this org
- $93,191
- From related orgs
- $16,317
- Other
- $13,591
- Hours/week
- 40 + 1 related
-
Marten ThomasMARTEN THOMAS
EXECUTIVE DIRECTOR
- Total calculated
- $52,428
- From this org
- $48,016
- From related orgs
- $0
- Other
- $4,412
- 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
-
$347,154
GENERAL SUPPORT
-
KANSAS STATE UNIVERSITY
$92,610
APPLIED RESEARCH
-
NORTH CAROLINA STATE UNIVERSITY
$20,000
APPLIED RESEARCH
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.
-
501(C)(5) · PROMOTE ANGUS BREED · MO
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.
-
ANGUS PRODUCTIONS INC
C · JOURNAL PUBLICATION · MO
-
ANGUS GENETICS INC
C · GENETIC RESEARCH · MO
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 March 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400789349300415
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