Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $307,992

• 1f · All other contributions, gifts and grants

  $875,000

• 2a · Program service revenue: CERTIFIED ANGUS BEEF

  total $33,601,858 · related or exempt $33,601,858

• 2b · Program service revenue: REGISTRATIONS

  total $5,951,377 · related or exempt $5,951,377

• 2c · Program service revenue: AI CERTIFICATES

  total $1,513,140 · related or exempt $1,513,140

• 2d · Program service revenue: MEMBERSHIPS

  total $1,358,100 · related or exempt $1,358,100

• 2e · Program service revenue: BREED IMPROVEMENT

  total $1,125,095 · related or exempt $1,125,095

• 2f · All other program service revenue

  total $2,362,489 · related or exempt $2,362,489

• 3 · Investment income

  total $1,907,468 · excluded $1,907,468

• 5 · Royalties

  total $2,488,058 · unrelated business $2,488,058

• 7a · Gross sales of assets other than inventory

  securities $553,606 · other assets $37,311

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

  securities $0 · other assets $8,512

• 7c · Gain or loss

  securities $553,606 · other assets $28,799

• 7d · Net gain or loss

  total $582,405 · excluded $582,405

• 10a · Gross sales of inventory

  $1,794,085

• 10b · Cost of goods sold

  $767,457

• 10c · Net income from sales of inventory

  total $1,026,628 · related or exempt $915,445 · unrelated business $111,183

• 11a · Other revenue: MISCELLANEOUS

  total $8,170 · excluded $8,170

• 11e · Other revenue, total

  $8,170

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,000

• 5 · Compensation of officers, directors and key employees

  total $1,601,555

• 7 · Other salaries and wages

  total $19,472,493

• 8 · Pension plan contributions

  total $1,530,587

• 9 · Other employee benefits

  total $4,212,622

• 10 · Payroll taxes

  total $1,528,704

• 11b · Fees: legal

  total $268,460

• 11c · Fees: accounting

  total $156,673

• 11f · Fees: investment management

  total $66,958

• 11g · Fees: other

  total $505,738

• 12 · Advertising and promotion

  total $9,278,104

• 13 · Office expenses

  total $1,245,979

• 14 · Information technology

  total $1,096,408

• 16 · Occupancy

  total $292,582

• 17 · Travel

  total $3,610,520

• 19 · Conferences, conventions and meetings

  total $351,649

• 21 · Payments to affiliates

  total $278,617

• 22 · Depreciation, depletion and amortization

  total $1,228,271

• 23 · Insurance

  total $273,877

• 24a · Other expenses: SHOW EXPENSE

  total $2,102,436

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $732,445

• 24c · Other expenses: DIRECTOR'S EXPENSE

  total $573,658

• 24d · Other expenses: TAXES

  total $241,246

• 24e · All other expenses

  total $427,870

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,764,593 · end of year $4,085,331

• 4 · Accounts receivable

  beginning of year $3,360,232 · end of year $3,256,191

• 8 · Inventories for sale or use

  beginning of year $2,220,340 · end of year $2,785,801

• 9 · Prepaid expenses and deferred charges

  beginning of year $780,685 · end of year $1,161,349

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

  $30,583,094

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

  $15,721,299

• 10c · Land, buildings and equipment, net

  beginning of year $14,275,923 · end of year $14,861,795

• 11 · Investments: publicly traded securities

  beginning of year $30,609,302 · end of year $35,763,887

• 15 · Other assets

  beginning of year $310,343 · end of year $696,786

• 17 · Accounts payable and accrued expenses

  beginning of year $4,450,625 · end of year $5,837,925

• 19 · Deferred revenue

  beginning of year $1,442,471 · end of year $1,160,790

• 25 · Other liabilities

  beginning of year $1,677,282 · end of year $1,817,079

• 27 · Net assets without donor restrictions

  beginning of year $50,751,040 · end of year $53,795,346

The filer's explanations (Part III)

PART I, LINE 1A

THE ASSOCIATION PROVIDES TRAVEL REIMBURSEMENTS FOR TRAVEL OF SPOUSES TO BOARD MEETINGS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CERTIFIED ANGUS BEEF

  OPERATE BRANDED BEEF PROGRAM · OH · income $36,505,431 · assets $31,043,411

  Directly controlled by AMERICAN ANGUS ASSOCIATION

Related corporations and trusts

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

• ANGUS PRODUCTIONS INC

  C · JOURNAL PUBLICATION · MO · 100% owned · share of income $12,413,639 · share of assets $3,634,517 · controlled entity

  Directly controlled by AMERICAN ANGUS ASSOCIATION

• ANGUS GENETICS INC

  C · GENETIC RESEARCH · MO · 100% owned · share of income $10,779,259 · share of assets $2,745,789 · controlled entity

  Directly controlled by AMERICAN ANGUS ASSOCIATION